The Business Research Company’s ICU Beds Global Market Report 2021: COVID-19 Implications And Growth To 2030
LONDON, GREATER LONDON, UK, July 30, 2021 /EINPresswire.com/ — According to the new market research report ‘ICU Beds Global Market Report 2021: COVID-19 Implications And Growth To 2030’ published by The Business Research Company, the global ICU beds market is expected to decline from $3.38 billion in 2020 to $2.44 billion in 2021 at a compound annual growth rate (CAGR) of -27.8%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The Intensive Care Unit beds market is expected to reach $2.52 billion in 2025 at a CAGR of 8%. Increasing COVID-19 cases across the globe is pressurizing governments of emerging and developed countries to increase their intensive care capacities.
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The Intensive Care Unit beds market consists of sales of special hospital beds designed for ICUs to take care of critical patients. The market consists of revenues generated by…