Selbyville, Delaware, Aug. 18, 2020 (GLOBE NEWSWIRE) -- As per the latest estimates, North America intensive care beds market to exceed USD 1 billion by the year 2026. The growth is attributable to increasing instances of COVID-19 and growing elderly population who are more prone to chronic disorders. Additionally, increasing investments towards healthcare infrastructure upscaling and rising number of hospital admissions add momentum to the market growth.
According to the given report, North America intensive care beds market is bifurcated with reference to product type, application spectrum, end-use scope, and regional landscape. Besides, the study provides significant data about the firms operating in this industry vertical as well as entails product portfolio and market share secured by leading organizations.
As per IHME (Institute of Health Metrics & Evaluation), 41 states of the US will require more beds in the upcoming months due to the spread of novel coronavirus. Patients affected by the pandemic are being admitted to intensive care units in hospitals, which in turn will boost the demand for new intensive care beds, further propelling the market outlook. On the other hand, strict standardization in North America and hefty cost of ICU beds are projected to hinder the industry expansion.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/2759496/
Elaborating product terrain:
North America intensive care beds market is divided into manual beds, electric beds, and others. The electric bed segment held major market share in the year 2019 and is expected to expand with a CAGR of 3.3% over the study period. Electric beds provide various benefits such as enhanced assistance in shifting patients and better blood circulation. Technological advancement like adjustment by remote control facilitates in determining suitable position for patients.
Analyzing the application spectrum:
As per the report, the industry is categorized into pediatric & neonatal ICUs, specialized ICUs, and general ICUs. The specialized ICU segment was worth USD 250 billion in the year 2019, credited to large patient pool affected by chronic respiratory disorder. Expert physician convenience, experienced nurses, and low risk of infections are few factors enhancing the popularity of specialized ICUs, hence bolstering the demand for intensive care beds in North America.
Overview of end-use industries:
Elaborating on end-use scope, North America intensive care beds industry share from hospital segment was worth USD 268 million in 2019. Drastic rise in hospital admissions on account of increasing COVID-19 patients is responsible for escalating product demand from hospital segment.
Analyzing the regional landscape:
Considering the geographical hierarchy, U.S. intensive care beds industry is expected to expand with a CAGR of 2.4% in the ensuing years. Rising COVID-19 cases has increased number of hospital admissions, thereby boosting the demand for intensive care beds. As per a survey conducted by the U.S. government, 100,000 ICU beds were recorded in the year 2018. With rapid spread of coronavirus, healthcare providers are concentrating on increasing the capacity of ICU to tackle this situation.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
https://www.marketstudyreport.com/reports/north-america-intensive-care-beds-market-statistics
North America Intensive Care Beds Market by Product Type (Revenue, USD Million, 2015-2026)
- Manual Beds
- Electric Beds
- Others
North America Intensive Care Beds Market by Application Spectrum (Revenue, USD Million, 2015-2026)
- Pediatric & Neonatal ICUs
- Specialized ICUs
- General ICUs
North America Intensive Care Beds Market by End-Use Scope (Revenue, USD Million, 2015-2026)
- Ambulatory Surgical Centers
- Hospitals
- Others
North America Intensive Care Beds Market Regional Landscape (Revenue, USD Million, 2015-2026)
- Canada
- United States
North America Intensive Care Beds Market Competitive Hierarchy (Revenue, USD Million, 2015-2026)
- Narang Medical Limited·HARD Manufacturing
- Arjo
- Span-America Medical Systems Inc.
- Malvestio S.p.A.
- LINET Group SE
- Medline Industries Inc.
- Invacare Corporation
- Getinge AB
- Hill-Rom Holdings Inc.
- Stryker Corporation
Table of Content:
Chapter 1. Methodology
1.1. Definition and forecast parameters
1.1.1. Definitions
1.1.2. Methodology and forecast parameters
1.2. Data sources
1.3. References & sources
1.3.1. Secondary
1.3.2. Primary
Chapter 2. Executive Summary
2.1. North America intensive care beds industry summary, 2015 a?? 2026
2.1.1. Country trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End-use trends
Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Industry outlook, 2015 - 2026
3.3. Major factor analysis
3.4. COVID-19 impact analysis
3.5. Regulatory landscape
3.6. Porter’s analysis
3.7. Competitive review, 2019
3.8. PEST analysis
Chapter 4. North America Intensive Care Beds Market Value, By Product
4.1. Key trends in North America intensive care beds, by Product
4.2. Electric Beds
4.3. Manual Beds
4.4. Other Beds
Chapter 5. North America Intensive Care Beds Market Growth, By Application
5.1. Key trends in North America intensive care beds, by application
5.2. General ICUs
5.3. Specialized ICUs
5.4. Pediatric and Neonatal ICUs
Chapter 6. North America Intensive Care Beds Market Size, By End-use
6.1. Key trends in North America intensive care beds, by end-use
6.2. Hospitals
6.2.1. Market estimates and forecast, by country, 2015 a?? 2026 (USD Million)
6.2.2. Market estimates and forecast, by country, 2015 a?? 2026 (Units)
6.3. Ambulatory Surgical Centers
6.3.1. Market estimates and forecast, by country, 2015 a?? 2026 (USD Million)
6.3.2. Market estimates and forecast, by country, 2015 a?? 2026 (Units)
6.4. Others
Chapter 7. North America Intensive Care Beds Market Share, By Country
Related Report:
Intensive Care Beds Market Size, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Global Intensive Care Beds Market size grow at a CAGR of over 4% between 2020 and 2026, as per new research report. Increase in number of COVID-19 cases across the world is one of the significant factors enhancing the market growth. The industry is forecast to show around 100% growth from the year 2019 to 2020. The high incidence rate of coronavirus disease has generated a potential market for intensive care beds (ICU) across the globe.
From a regional reference frame, the Latin America intensive care beds market was valued at more than USD 152 million in 2019 and is projected to grow at more than 8.5% through the forecast timeframe. The Middle East & Africa intensive care beds market was valued at more than USD 108 million in 2019 and is estimated to expand at an impressive CAGR of more than 6% over the projected timeframe.
About US:
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.