Singapore Intensive Care Unit (ICU) Beds Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0.65 Million |
| Market Size (2030) | USD 0.82 Million |
| Growth Rate (2025 - 2030) | 4.67% CAGR |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Singapore Intensive Care Unit (ICU) Beds Market Analysis by Mordor Intelligence
The Singapore Intensive Care Unit (ICU) Beds Market size is estimated at USD 0.65 million in 2025, and is expected to reach USD 0.82 million by 2030, at a CAGR of 4.67% during the forecast period (2025-2030).
Intensive Care Unit (ICU) beds are critical components of healthcare facilities, ensuring patient safety, comfort, and effective treatment delivery. The Singapore ICU beds market growth is attributed to the increasing demand for advanced healthcare infrastructure and the rising aging population. The market is shaped by government initiatives to enhance hospital capacity and address the growing healthcare needs of the population. With advancements in healthcare technology and infrastructure, the market is poised for substantial growth during the forecast period.
The demographic shift towards an older population increases the demand for healthcare services, particularly in intensive care settings. For instance, according to the Singapore Department of Statistics, 19.9% of the total population was aged 65 and over in 2024, and this figure is projected to rise to 24.1% by 2030. The increasing elderly population is expected to lead to a higher prevalence of chronic diseases and age-related health conditions, necessitating advanced ICU facilities. This demographic shift is creating a sustained demand for ICU beds, as healthcare providers aim to cater to the specific needs of older patients requiring critical care.
Additionally, the growing prevalence of cardiovascular diseases, including heart attacks, often needs critical care, thereby driving demands for the ICU beds market in Singapore. For instance, data from Precision Health Research, Singapore (PRECISE), published in April 2024, indicated that heart attack cases are expected to reach 482 per 100,000 in 2025 and escalate to 1,418 per 100,000 by 2050. This alarming rise in cardiovascular cases underscores the need for well-equipped ICU facilities to manage critical patients effectively. Consequently, the demand for advanced ICU beds is anticipated to grow as healthcare providers prioritize patient outcomes and operational efficiency.
Furthermore, government efforts to enhance healthcare infrastructure are playing a pivotal role in the growth of the ICU beds market. For instance, in May 2024, the Singapore government stated that the 300-bed Alexandra Hospital (AH) in Queenstown, Singapore, is expected to undergo redevelopment starting in 2025. The project, spanning over a decade, will expand the hospital's capacity to approximately 1,300 beds, including the addition of two high-rise buildings and other upgrades. The redevelopment also includes a pandemic-ready emergency department directly connected to the intensive care unit and operating theatre. These initiatives reflect the government’s commitment to addressing the rising healthcare demands, thereby driving the adoption of advanced ICU beds as to support critical care services.
Therefore, the Singapore ICU beds market is poised for significant growth, driven by an aging population, the rising incidence of cardiovascular diseases, and government initiatives to expand healthcare infrastructure.
However, the growth of the Singapore 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.
Singapore Intensive Care Unit (ICU) Beds Market Trends and Insights
Electric ICU Beds Segment is Expected to Have Significant Growth in the Market Over the Forecast Period
The Electric ICU beds segment in the Singapore ICU beds market plays a critical role in the healthcare infrastructure, addressing the growing demand for advanced critical care services. With an increasing focus on enhancing healthcare facilities, the segment is witnessing significant developments to meet the needs of patients requiring intensive care. The market is shaped by the availability of public acute hospitals and their capacity to provide comprehensive critical care services, which are essential for managing both routine and emergency healthcare scenarios.
The expansion of ICU bed capacity in public acute hospitals is anticipated to drive the demand for electric ICU beds in Singapore. For instance, in August 2024, the Senior Minister of State for Health highlighted that nine public acute hospitals in Singapore operate 365 intensive care beds, which account for approximately 4% of the nation’s total acute beds in 2024. This infrastructure supports a wide range of critical care services, ensuring the availability of advanced medical care for patients in need. The consistent operation of these facilities underscores the commitment to maintaining a robust healthcare system, which directly impacts the demand for electric ICU beds.
Furthermore, the growing number of neurological disorders is contributing to the demand for electric ICU beds in Singapore. For instance, according to data published by the National Neuroscience Institute in March 2024, approximately 150 individuals are diagnosed with epilepsy annually in Singapore. This highlights the need for specialized ICU facilities equipped to manage neurological emergencies, thereby driving the market for electric ICU beds.
Therefore, owing to the expansion of electric ICU bed capacity, a higher focus on non-COVID-19 ICU beds, and initiatives for a well-established health infrastructure, the electric ICU beds segment is poised to grow over the forecast period in Singapore.
Competitive Landscape
The competitive landscape of the intensive care unit (ICU) beds market in Singapore is characterized by a mix of established companies and emerging players. 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.
Singapore Intensive Care Unit (ICU) Beds Industry Leaders
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Arjo
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Paramount Bed Co. Ltd
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Stryker
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LINET
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JOSON-CARE ENTERPRISE CO., LTD.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- March 2025: Singapore's National University Hospital (NUH) initiated a significant redevelopment at its Kent Ridge campus. According to Singapore’s Minister for Health, by 2033, NUH plans to replace half of its 1,200 beds and add 100 more. Additionally, the hospital's emergency departments, operating theatres, and specialist outpatient clinics are scheduled for upgrades.
- January 2025: Mount Elizabeth Hospital in Singapore opened several new facilities as part of its ongoing Project Renaissance. These included upgraded back-of-house areas, expanded wards, and critical care units. Additionally, the labor and delivery suites, intensive care unit, and neonatal intensive care unit were also launched.
Singapore Intensive Care Unit (ICU) Beds Market Report Scope
As per the scope of the report, intensive care unit (ICU) beds are specialized hospital beds designed for patients in intensive care units, featuring advanced controls and safety features to support critical care.
The Singapore ICU beds market report provides a comprehensive analysis of the current state and growth potential of the ICU beds market in the country. The Singapore ICU beds market is segmented by product type, which includes electric ICU beds and manual ICU beds. The report offers the market size in terms of both value (in USD) and volume (in units) for the above segments.
| Electric ICU Beds |
| Manual ICU Beds |
| By Product Type | Electric ICU Beds |
| Manual ICU Beds |
Key Questions Answered in the Report
How big is the Singapore ICU Beds Market?
The Singapore ICU Beds Market size is expected to reach USD 0.65 million in 2025 and grow at a CAGR of 4.67% to reach USD 0.82 million by 2030.
What is the current Singapore ICU Beds Market size?
In 2025, the Singapore ICU Beds Market size is expected to reach USD 0.65 million.
Who are the key players in Singapore ICU Beds Market?
Arjo, Paramount Bed Co. Ltd, Stryker, LINET and JOSON-CARE ENTERPRISE CO., LTD. are the major companies operating in the Singapore ICU Beds Market.
What years does this Singapore ICU Beds Market cover, and what was the market size in 2024?
In 2024, the Singapore ICU Beds Market size was estimated at USD 0.63 million. The report covers the Singapore ICU Beds Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Singapore ICU Beds Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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