Intensive Care Unit Equipment Market Size (USD 9.6 billion by 2031) Pioneering Growth to Fulfill Healthcare Requirements

Allied Market Research published a report, titled, “Intensive Care Unit Equipment Market by Product (Beds, Ventilators, Pulse oximeters, Dialysis Equipment, Others), by Application (Cardiology, Respiratory, Oncology, Trauma, Others), by End User (Hospitals, Specialty Clinics): Global Opportunity Analysis and Industry Forecast, 2021-2031″ According to the report, the global ICU Equipment Market generated $6.6 billion in 2021 and is estimated to reach $9.6 billion by 2031, witnessing a CAGR of 3.9% from 2022 to 2031.

The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

Covid-19 Scenario

• During the Covid-19 pandemic, there has been a significant decline in the demand for medical cannabis from key end-users, restricted manufacturing operations in most of the industries, and inadequate funding for research and academic institutes.
• In addition, there have been disrupted supply chains and challenges in terms of essential/post-sales services. Cannabis businesses that offered an e-commerce platform experienced a surge in growth.
• Many governments deemed medical cannabis as essential service. This, in turn, led to growth of the market during the pandemic.

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Drivers, Restraints, and Opportunities-

Rise in the prevalence of neurological diseases drives the growth of the global intensive care unit equipment market. On the other hand, certain stringent regulations impede the growth to some extent. However, launch of various products and several stringent regulations adopted by the key players are expected to create lucrative opportunities in the industry.

Top Intensive Care Unit Equipment Companies

• Baxter International Inc.
• Edward Lifesciences Corporation
• Braun Melsungen AG
• Koninklijke Philips N.V.
• General Electric Company
• Getinge AB
• Nihon Kohden Corporation
• Invacare Corporation
• Medtronic Inc.
• Medline Industries, Inc.

𝐈𝐧𝐭𝐞𝐧𝐬𝐢𝐯𝐞 𝐂𝐚𝐫𝐞 𝐔𝐧𝐢𝐭 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐜𝐚𝐧 𝐛𝐞 𝐝𝐨𝐧𝐞 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠:

The beds segment to maintain its dominance during the forecast period-

By product, the beds segment accounted for more than one-fourth of the global intensive care unit equipment market revenue in 2021, and is expected to rule the roost by 2031. This is due to rise in various chronic diseases and increase in the number of fatal accidents & sports injuries among individuals. The ventilators segment, on the other hand, would cite the fastest CAGR of 4.9% during the forecast period. Rise in respiratory diseases globally coupled with the surge in the geriatric population propel the market growth.

The respiratory segment to rule the roost-

By application, the respiratory segment contributed to the major share in 2021, holding more than one-fourth of the global intensive care unit equipment market revenue. The same segment is also projected to portray the fastest CAGR of 4.6% from 2022 to 2031. This is owing to rise in the number of patient admission for pulmonary diseases in ICU and high adoption of pulse oximeters and ventilators across the world.

The hospitals segment to maintain the lion’s share-

By end-user, the hospitals segment garnered the major share in 2021, accounting for nearly two-thirds of the global intensive care unit equipment market revenue. The same segment is also anticipated to cite the fastest CAGR of 4.1% from 2022 to 2031. This is due to surge in patient admission, increase in the number of ICUs, and the presence of advanced intensive care unit equipment and well-trained nursing staff.

North America garnered the major share in 2021-

By region, North America generated the highest share in 2021, garnering more than two-fifths of the global intensive care unit equipment market revenue. The presence of several major players such as Baxter International Inc., Edward Lifesciences Corporation, Invacare Corporation, and Medline Industries, and advancements in the manufacturing technology of intensive care unit equipment in the region drive the growth of the market. Asia-Pacific, however, would showcase the fastest CAGR of 5.2% throughout the forecast period. This is attributed to the surge in geriatric populations that are more prone to diseases and require critical care, rise in healthcare expenditure, and unmet medical demand in developing countries such as China and India.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook 

• North America
  (U.S., Canada, Mexico)
• Europe
  (Germany, France, UK, Italy, Spain, Rest of Europe)
•  Asia-Pacific
  (Japan, China, India, Rest of Asia-Pacific)
•  LAMEA
  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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