Los Angeles, December 24, 2019 - A new report titled, “Global Intensive Care Unit (ICU) Equipment Market Research Report 2019,” has recently added to the archive of QY Research under the Medical Devices & Consumables domain. The Global Intensive Care Unit (ICU) Equipment market was valued US$ 4.8 Bn in 2018 and is projected to obtain the value of US$ 7.0 Bn in 2025, registering a moderate CAGR of 5.4% from 2019 to 2025.
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Global Intensive Care Unit (ICU) Equipment Market: Growth Drivers
● The increasing demand for specialized and comprehensive care for patients with a critical illness, accidents, and emergencies
● Adoption of Technological advancements in medicine and science such as real-time monitoring of patients
● Increasing government support and initiatives and increasing investment in the health- care sector
Ventilators Offer Portability and Flexibility to Boost the Growth of the Product Segment
Kidney Machines, Monitors, Ventilators, and Others are prominent segments of the product segment of the Global Intensive Care Unit (ICU) Equipment market. Ventilators are used in cases of emergencies for sustaining life support to patients. An increasing importance of ventilators due to its portability and flexibility has created a substantial demand for ventilators and this factor has augmented the growth of ventilator segment in perticular. Based on application segment the market is segmented into Neonatal ICU and Adult ICU segments.
North America Region to Benefit from Highly Developed Healthcare System
Presence of a well-established healthcare system with health insurance plans and collaborative efforts of the medical consumables industry, health-care facility management, and medical devices sector in North America is likely to benefit the Global Intensive Care Unit (ICU) Equipment market.
On the other hand, the Asia-Pacific region is likely to witness significant growth due to rapidly growing health-care infrastructure and improving the quality of medical treatment along with booming medical tourism. This is likely to positively impact the growth of the regional Intensive Care Unit (ICU) Equipment market.
Improvement in Patient Outcome – A Key Competitive Strategy of Market Players
The report offers in depth analysis of key players operating in the Intensive Care Unit (ICU) Equipment market, which includes Baxter, Philips, Medtronic, Dragerwerk, Fresenius, Stryker, Nihon Kohden, Mindray, Siemens, Resmed, Terumo, Yuwell, B. Braun, and OSI (Spacelabs). Major players are collaborating to improve patient outcomes and reduce the cost of patient care. For instance, ChristianaCare and Medtronic announced a collaboration in 2019 to develop and deploy health-care initiatives to benefit patients and to improve patient outcomes while reducing the cost of patient care.
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