Intensive Care Unit (ICU) Equipment Market accounted for US$ 6.5 billion in 2020 and is estimated to be US$ 9.8 billion by 2030 and is anticipated to register a CAGR of 4.3%. An medical care unit (ICU), also referred to as an intensive therapy unit or intensive treatment unit (ITU) or critical care unit (CCU), may be a special department of a hospital or health care facility that gives medical care medicine. Intensive care units cater to patients with severe or life-threatening illnesses and injuries, which require constant care, close supervision from life support equipment and drugs so as to make sure normal bodily functions. They’re staffed by highly trained physicians, nurses and respiratory therapists who concentrate on caring for critically ill patients. ICUs also are distinguished from general hospital wards by a better staff-to-patient ratio and access to advanced medical resources and equipment that's not routinely available elsewhere. Common conditions that are treated within ICUs include acute respiratory distress syndrome, septic shock, and other life-threatening conditions.
The report “Global Intensive Care Unit (ICU) Equipment Market, By Type (Mechanical Ventilators, Cardiac Monitors, Equipment for Constant Monitoring, Feeding Tubes, Nasogastric Tubes, Suction Pumps, and Drains & Catheters), By Application (Hospitals and Ambulatory Surgical Center), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”
Key Highlights:
· In 2021, Medikabazaar COVID ICU package to augment critical care facilities pan India. The package has designed emergency paediatric ICU and COVID ICU packages, which is said to help the nation’s healthcare infrastructure to easily and conveniently prepare for future health epidemics and pandemics. The Paediatric ICU Package includes a BiPAP machine, Nebulizer, Patient monitor, Portable suction machine and Ventilator. The Adult COVID ICU Package includes a BiPAP machine, ICU bed, Oxygen concentrator, Patient monitor, Pulse oximeter and Ventilator.
Analyst View:
Rise in the number of intensive care units globally and incessant technological advancements in remote patient monitoring technologies are anticipated to drive the intensive care unit market during the coming years. Increase in the number of chronic disease cases and the need to reduce hospital stay times are expected to promote growth of the Tele-ICU market during the forecast period.
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Key Market Insights from the report:
Global Intensive Care Unit (ICU) Equipment Market accounted for US$ 6.5 billion in 2020 and is estimated to be US$ 9.8 billion by 2030 and is anticipated to register a CAGR of 4.3%. The Global Intensive Care Unit (ICU) Equipment Market report segments the market on the basis of type, application, and region.
· By Type, the Global Intensive Care Unit (ICU) Equipment Market is segmented into Mechanical Ventilators, Cardiac Monitors, Equipment for Constant Monitoring, Feeding Tubes, Nasogastric Tubes, Suction Pumps, and Drains & Catheters.
· By application, the Global Intensive Care Unit (ICU) Equipment Market is segmented into hospitals, Ambulatory surgical centers.
· By region, the Global Intensive Care Unit (ICU) Equipment Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market dominates the Global Intensive Care Unit (ICU) Equipment Market with higher market share.
Competitive Landscape:
The Key players in the Global Intensive Care Unit (ICU) Equipment Market include, Johnson and Johnson, GE Healthcare, Inc., Siemens AG, Bayer AG, Medtronic, Inc., Baxter International, Inc., Fresenius Medical Care, Covidien plc, Novartis AG and Cardinal Health, Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
