Australia ICU Beds Market Market Report 2023 to 2030

Australia ICU Beds Market Analysis

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Australia ICU Beds Market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023 - 2030. The market for ICU Beds is expanding as a result of rising healthcare spending, growing geriatric population, and increasing prevalence of chronic diseases. This is boosting the growth of ICU Beds market. Some of the key players in the global ICU Beds Market Hill-Rom Holdings, Inc., Getinge AB, Linet Spol. S. R. O., Stiegelmeyer GmbH & Co. Kg, Stryker Corporation, Medline Industries, Inc., Invacare Corporation, Amico Corporation, Midmark Corporation, LINAK A/S, Melivaara Corp., and Nitrocare.

ID: IN10AUHS063 CATEGORY: Healthcare Services GEOGRAPHY: Australia AUTHOR: Dr. Nensi Savani

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Australia ICU Beds Market Executive Summary

Australia ICU Beds Market is valued at around $19.6 Bn in 2022 and is projected to reach $32.1 Bn by 2030, exhibiting a CAGR of 6.4% during the forecast period 2023-2030.

The market for ICU beds is primarily driven by an increase in surgical procedures, an ageing population, and an increase in the prevalence of chronic disorders including diabetes, asthma, blood pressure, and others. According to the World Health Organization, chronic diseases account for 74% of all deaths worldwide. Other factors that contribute to the market's expansion include an increase in surgical operations, an increase in ambulatory surgery centres and the number of new product launches.

Additionally anticipated to fuel market growth of ICU Beds is the growing demand for electric and motorised ICU beds, which offer patients and medical professionals greater comfort and convenience. These beds contain cutting-edge features including patient monitoring systems, built-in scales, and adjustable heights, making them ideal for usage in ICUs. The demand for electric and motorised ICU beds is anticipated to rise in the coming years as patient comfort and safety become even greater priorities.

Firms like Hill-Rom Holdings, Inc., Getinge AB, and Linet Spol. S. R. O., Stiegelmeyer GmbH & Co. Kg, Stryker Corporation, Medline Industries, Inc., Invacare Corporation, Amico Corporation, Midmark Corporation, LINAK A/S, Melivaara Corp., and Nitrocare, are some of the major players in ICU Beds Market.

It is predicted that the market expansion during the forecast period will be driven by rising technological advances in ICU beds and rising government and private sector investments in healthcare infrastructure. Additionally, the rise of emerging markets and the introduction of new products will present more favourable chances for the growth of the market for hospital ICU Beds.

The main development in the market for ICU Beds is the introduction of smart beds. Patient monitoring is automated and digitalized with the aid of smart beds, increasing overall effectiveness. Because they have monitoring systems, smart beds are made to assist patients to move more easily and return to regular movement more quickly.

Market Dynamics

Drivers of Australia ICU Beds Market:

The rise in Chronic Diseases: The demand for ICU Beds will expand as chronic diseases including diabetes, asthma, blood pressure, and others rise due to changing lifestyles, while the market is being driven by an increase in surgical procedures and the ageing of the population.

Increasing Healthcare Expenditure: Rising healthcare infrastructure development, the rise of private healthcare facilities, and the creation of cutting-edge hospital bed solutions are the main growth factors for the global market for ICU Beds.

Growing Geriatric Population: In the years to come, it is anticipated that the market for ICU Beds will grow as a result of the rising geriatric population who are more prone to chronic diseases and illness.

Restraints of Australia ICU Beds Market:

High Cost of ICU Beds: The rising cost of ICU beds is anticipated to hinder the growth of the ICU Beds Market.

Lack of Reimbursement Scenario: The growth of the ICU Beds market is projected to be hampered by due the improper reimbursement methods of ICU services.

Key players

Arjo Australia Pty Ltd. Linet Australia Pty Ltd. Hill-Rom Australia Pty Ltd. Nexus DMS Pty Ltd. Permobil Australia Pty Ltd. Medline Industries Australia Pty Ltd. Movita Australia Pty Ltd. Invacare Australia Pty Ltd. Smiths Medical Australia Pty Ltd. Med-Electronics Australia Pty Ltd.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Market Segmentations For Australia ICU Beds Market

By Technology:

Electric or Motorized
Semi Electric or Hybrid
Mechanical or Manual

By Control Panel:

Remote
Touch
Switch
Revolving Gear

By Material:

Stainless Steel
Aluminium
Copper
Alloy With Powder Coated
ABS
Others

By Components:

Up To Three Functions
Up To Five Functions
Up To Seven Functions
CPR Functions
Castors
Head and Foot board
Side Railing
Monitors
Cameras
Sensors
Others

By ICU Type:

Traditional Medical ICU
Cardiac Care ICU
Neonatal ICU
Pediatric ICU
Trauma ICU
Psychiatric ICU
Post Anthesia CU
High Dependency Unit
Mobile ICU

By End-user:

General Hospitals
Multi-Speciality Hospitals
Specialized Hospitals
Ambulatory Surgery Centers
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.