Hong Kong Intensive Care Unit (ICU) Beds Market Size and Share

Hong Kong Intensive Care Unit (ICU) Beds Market (2025 - 2030)
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Hong Kong Intensive Care Unit (ICU) Beds Market Analysis by Mordor Intelligence

The Hong Kong Intensive Care Unit Beds Market size is estimated at USD 0.13 million in 2025, and is expected to reach USD 0.17 million by 2030, at a CAGR of 4.91% during the forecast period (2025-2030).

ICU beds in Hong Kong are critical components of healthcare facilities, designed to provide optimal care and comfort for critically ill patients. The Hong Kong ICU beds market is growing, driven by increasing demand for advanced healthcare infrastructure and a rising geriatric population. The market is influenced by factors such as government healthcare spending and the prevalence of chronic diseases.

The growing elderly population in Hong Kong is prone to chronic diseases and needs critical care, which is anticipated to drive the demand for ICU beds. For instance, according to data from Hong Kong's Census and Statistics Department, as of October 2024, 1.64 million people in Hong Kong were aged 65 or older. This number is projected to increase to 2.75 million by 2046, representing over one-third of the city's total population. The aging demographic is more susceptible to chronic illnesses and critical health conditions, necessitating advanced ICU facilities. This trend is expected to drive demand for ICU beds as healthcare providers strive to meet the specific needs of this population segment.

Additionally, the rising incidence of chronic and critical health conditions, such as heart failure (HF), is further propelling the demand for ICU beds. For instance, a September 2024 report by the Hospital Authority of Hong Kong revealed that among patients aged 85 and above, the hospitalization rate for new-onset heart failure (HF) was as high as 9.07 per 1,000 population per year. Heart failure is one of the top five causes of hospitalization under the Hospital Authority and the leading cause of admissions and readmissions at Queen Elizabeth Hospital of Hong Kong. These statistics highlight the growing need for specialized ICU facilities equipped with advanced beds to manage critical care effectively.

Furthermore, the Hong Kong government's commitment to enhancing healthcare infrastructure is another significant factor driving the market. For instance, in the 2022/2023 budget, USD 11.8 billion was allocated to the Hospital Authority (HA) by the Hong Kong government, reflecting an increase of USD 1.15 billion from the previous year. This substantial investment underscores the government's focus on improving healthcare services, including ICU facilities. The increased funding is likely to support the procurement of advanced ICU beds contributing to market growth.

Therefore, the Hong Kong ICU beds market is poised for substantial growth, driven by the aging population, increased government healthcare spending, and the prevalence of chronic and critical health conditions. As healthcare providers and policymakers continue to prioritize critical care services, the ICU beds market in Hong Kong is expected to witness sustained development in the coming years. However, the growth of the Hong Kong ICU beds market faces several restraints, including insufficient ICU capacity, high costs associated with advanced equipment, and a lack of expertise in manufacturing specialized beds.

Competitive Landscape

A mix of established companies and emerging players characterizes the competitive landscape of the ICU beds market in Hong Kong. The market is semi-consolidated yet dynamically competitive. Additionally, many companies offer specialized solutions, contributing to a vibrant and evolving ecosystem. Some of the major players in the market include LINET, Stryker, Arjo, Paramount Bed Co. Ltd, and JOSON-CARE ENTERPRISE CO., LTD., among others.

Hong Kong Intensive Care Unit (ICU) Beds Industry Leaders

  1. JOSON-CARE ENTERPRISE CO., LTD.

  2. LINET

  3. Stryker

  4. Paramount Bed Co. Ltd

  5. Arjo

  6. *Disclaimer: Major Players sorted in no particular order
Hong Kong ICU Beds Market
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Recent Industry Developments

  • February 2025: The Hong Kong University of Science and Technology (HKUST) established strategic partnerships with leading mainland hospitals and institutions to expand its medical education network in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
  • May 2024: Leighton Asia, part of CIMIC Group, awarded the AUD 4.3 billion (USD 1.51 billion) for the North District Hospital (NDH) expansion project in Hong Kong. The Hong Kong Hospital Authority selected Leighton Asia, which is expected to generate revenue of up to AUD 2.4 billion (USD 1.51 billion) from the project. This expansion aims to enhance the health infrastructure in Hong Kong's North District, adding approximately 1,500 hospital beds.

Table of Contents for Hong Kong Intensive Care Unit (ICU) Beds Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Force Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 PESTLE Analysis
  • 4.6 Industry Trends: By Product Type
    • 4.6.1 Number of End Users
    • 4.6.2 Average Product Usage per End User
    • 4.6.3 Product Replacement Cycle
  • 4.7 Regulatory Framework

5. PRICING ANALYSIS

  • 5.1 Average Selling Prices of ICU Beds
  • 5.2 Average Selling Price of Key Players By ICU Beds

6. MARKET SEGMENTATION (Market Size by Value in USD and Volume in Units)

  • 6.1 By Product Type
    • 6.1.1 Electric ICU Beds
    • 6.1.2 Manual ICU Beds

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Arjo
    • 7.1.2 Paramount Bed Co. Ltd
    • 7.1.3 Stryker
    • 7.1.4 LINET
    • 7.1.5 JOSON-CARE ENTERPRISE CO., LTD.
    • 7.1.6 Bewatec (Zhejiang) Medical Device Co., Ltd.
    • 7.1.7 Hengshui Zhukang Medical Instrument Co., Ltd
    • 7.1.8 Hebei Pukang Medical Instruments Co., Ltd.
    • 7.1.9 Baxter
    • 7.1.10 Ningbo Shuaner Medical Equipment Co., Ltd.
  • *List Not Exhaustive
  • 7.2 Company Ranking Analysis: Top 5 Leaders

8. ANALYST RECOMMENDATIONS: EMERGING TRENDS AND OPPORTUNITIES

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Hong Kong Intensive Care Unit (ICU) Beds Market Report Scope

As per the scope of the report, ICU beds are specialized hospital beds designed for patients in intensive care units. They feature advanced controls and safety features to support critical care. 

The Hong Kong ICU beds market report provides a comprehensive analysis of the current state and growth potential of the ICU beds market in the country. The Hong Kong ICU beds market is segmented by product type, which includes ICU electronic and manual beds. The report offers the market size in terms of both value (in USD) and volume (in units) for the above segments.

By Product Type
Electric ICU Beds
Manual ICU Beds
By Product Type Electric ICU Beds
Manual ICU Beds
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Key Questions Answered in the Report

How big is the Hong Kong ICU Beds Market?

The Hong Kong ICU Beds Market size is expected to reach USD 0.7 million in 2025 and grow at a CAGR of 4.14% to reach USD 0.86 million by 2030.

What is the current Hong Kong ICU Beds Market size?

In 2025, the Hong Kong ICU Beds Market size is expected to reach USD 0.7 million.

Who are the key players in Hong Kong ICU Beds Market?

JOSON-CARE ENTERPRISE CO., LTD., LINET, Stryker, Paramount Bed Co. Ltd and Arjo are the major companies operating in the Hong Kong Intensive Care Unit Beds Market.

What years does this Hong Kong ICU Beds Market cover, and what was the market size in 2024?

In 2024, the Hong Kong ICU Beds Market size was estimated at USD 0.67 million. The report covers the Hong Kong Intensive Care Unit Beds Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Hong Kong Intensive Care Unit Beds Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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