According to the research report titled ‘Asia Pacific Intensive Care Beds Market Size By End-use, Application, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, Asia Pacific intensive care beds market is expected to witness remunerative growth and cross USD 1 billion by the year 2026.
 

As per the report findings, presence of a large geriatric populace with chronic diseases such as respiratory infections, diabetes, and CVDs, along with expanding obese population and increasing healthcare investments are fueling the growth of Asia Pacific intensive care beds market. Furthermore, 84,000 COVID-19 cases were reported in China in April 2020, whereas India reported about 40,000 cases as of 1^st of May, cite credible sources. Hence, increasing hospital admissions on account of escalating cases of Covid-19 are bolstering the demand for intensive care beds in the region. However, high product cost may hamper the industry growth in the coming years.
 

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Based on product type, electric beds segment accounted for a considerable share of APAC intensive care beds industry in 2019 and is projected to record a y-o-y growth rate of 8.3% through 2026. Growing procurement of advanced electric beds that support healthcare personnel in providing optimal care to patients with chronic diseases is driving the segment growth. Rising awareness regarding the various advantages of electric beds have further propelled the product demand.
 

Speaking of the application spectrum, specialized intensive care units segment was appraised at USD 185 million in 2019. Surging demand for intensive care beds in ICUs owing to their antibacterial and anti-microbial properties is fueling the segment growth. Moreover, availability of trained physicians, nurse, and advanced healthcare facilities, coupled with expanding elderly population base with chronic diseases are augmenting the need for enhanced capacity ICUs.
 

Considering the end-user spectrum, Asia Pacific intensive care beds market from hospital segment attained a valuation of USD 195 million in 2019 and is anticipated to follow through with strong CAGR in the coming years. The growth is attributable to escalating number of hospital admissions due to the COVID-19 pandemic, resulting in lack of intensive care beds.
 

Geographically, China intensive care beds market is estimated to record a CAGR of 7% over the projected timeline. As per the Chinese Society of Critical Care Medicine, in comparison to general hospital beds, the percentage of intensive care beds stands at only 1.65%, indicating a scarcity of ICU beds amid the surging number of COVID-19 cases in the nation. Further, increasing aging population with various long term diseases and higher risk of infection is enhancing the regional market growth.
 

Leading organizations in Asia Pacific intensive care beds market are Hill-Rom Services Inc., Stryker Corp., Invacare Corp., Malvestio Spa, Medline Industries Inc., Merivaara Corp., Caretek Medical, Arjo, Medi Waves Inc., Ankitech, and Paramount Bed.