Global ICU Beds Market accounted USD 3.7 Billion in 2019 and is expected to grow with a CAGR of 4.3% during the forecast period - PMI

Covina, CA, July 02, 2020 (GLOBE NEWSWIRE) -- The global ICU beds market accounted for US$ 3.7 billion in 2019 and is estimated to be US$ 5.6 billion by 2029 and is anticipated to register a CAGR of 4.3%.The reportA "GlobalICU Beds Market, By Type (Electric Beds, Semi-Electric Beds, and Manual Beds), By Application (Neonatal Intensive Care Unit, Pediatric Intensive Care Unit, Psychiatric Intensive Care Unit, Cardiac Intensive Care Unit, Neurological Intensive Care Unit, Trauma Intensive Care Unit, Post-Operative Recovery Unit, High Dependency Unit, Surgical Intensive Care Unit, and Mobile Intensive Care Unit), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2027a??. Key Highlights:

In April 2020, Stryker introduced a minimal cost, limited release emergency response bed to help healthcare providers with efficient care during the COVID-19 pandemic. The company aims to produce 10,000 beds per week thereby, propelling the market growth.

In March 2020, Hillrom expanded its production of ICU and med-surg unit smart beds by two-fold. The increase in the production will help hospitals to increase their ICU capacity for the treatment of coronavirus affected people thereby, expanding the market size.

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