According to the recent study the intensive care unit equipment market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 3% to 5% from 2023 to 2028. Growth in this market is primarily driven by surge in elderly population, rise in prevalence of coronary heart-related illness, and growing number of COVID-19 patients with respiratory failure.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in intensive care unit equipment market by product (beds, ventilators, pulse oximeter, dialysis equipment, and others), application (neurology, cardiology, respiratory, oncology, trauma, and others), end use industry (hospitals, specialty clinics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
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“Ventilators market is expected to remain the largest segment during the forecast period.”
Based on product, the intensive care unit equipment market is segmented into beds, ventilators, pulse oximeter, dialysis equipment, and others. Lucintel forecasts that the ventilators market is expected to remain the largest segment due to the surge in the number of patients with severe COVID-19 symptoms requiring ventilation in many countries.
“Within the intensive care unit equipment market, the cardiology segment is expected to remain the largest application”
Based on application the cardiology segment is expected to witness the highest growth over the forecast period due to increasing adoption of a sedentary lifestyle which has led to a striking rise in the cases of cardiovascular diseases in the younger population.
“North America will dominate the intensive care unit equipment market in near future”
North America will remain the largest region due to rising cases of respiratory and chronic disorders in the US, rising geriatric population, and the presence of well-established healthcare infrastructure in the US.
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Major players of intensive care unit equipment market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Baxter, BD Medical, Cardinal Health, Getinge AB, Invacare, Dragerwerk, GE Healthcare, Medtronic, ResMed, and Stryker are among the major intensive care unit equipment providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/intensive-care-unit-equipment-market.aspx or [email protected]