Global Intensive Care Unit Equipment Market is valued at approximately USD 6.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.9% over the forecast period 2022-2029.Intensive Care Unit Equipment are special wards in hospitals with sophisticated monitoring equipment and trained professionals in the healthcare sector to treat and manage severe illnesses of patients. The types of equipment included in ICU are ventilators, respiratory and cardiac support, monitors, and other life support equipmentto care for serious patients. The ICU treatment depends on the condition and illness of the patients, they can either be shifted from the emergency room or can be directly sent to ICU. Additionally, increasing incidences of chronic respiratory disorders and the growing geriatric population aredriving the demand for Intensive Care Unit (ICU) Equipment.
The increasing incidences of chronic respiratory diseases among the population are driving the need for Intensive Care Unit (ICU) Equipment. Patients' serious conditions and illnessessurge the demand forthe ICU for proper care. For instance, in 2007 some 300 million people suffered from asthma. These life-threatening illnessesamong the patients lead to ICU care further creating the need forICU equipment. The growing geriatric population is also a major driver for Intensive Care Unit (ICU) equipment. According to a study by World Health Organization (WHO), the world's ageingpopulation is expected to be doubled over 60 years. India's senior population has been increasing consistently since 1961. The prevailing diseases among the aging population boost the demand for ICU equipmentto be saved from death. Moreover, continuous advancements, formulations, and rising number of hospitals fuel the demand for Intensive Care Unit (ICU) Equipments. However, the high cost of Intensive Care Unit Equipment stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Intensive Care Unit Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.North America dominated themarket for Intensive care unit equipmentowing to the COVID-19 impact. The risein production and manufacturing of various ICU equipmentby companies is surging the market demand of this region. However, the growing geriatric population and prevailing chronic disorders were also the major drivers. Asia-Pacific is anticipated to be the fastest-growing region. Due to the prevalence of chronic diseases and the rising number of hospitals in this region the market for Intensive Care Unit (ICU) was boosted.
Major market players included in this report are:
- Medtronic plc
- Baxter International Inc.
- Getinge AB
- B. Braun Melsungen AG
- Edwards Lifesciences Corporation
- General Electric Company
- Invacare Corporation
- Medline Industries, Inc.
- Koninklijke Philips N.V.,
- Nihon Kohden Corporation
Recent Developments in the Market:
- In July 2021, a new product launch was announced by Medtronic Plc, a global leader in the medical sector. A Prevail™ drug-coated balloon (DCB) Catheter to treat coronary arteries in patients suffering coronary artery disease (CAD).
- In December 2021, Baxter acquired Hillromand entered intoan agreement to expand connected care and medical innovation worldwide. This combination is created to accelerate companies expansions in digital solutions to provide hospital facilities to patients at home.
Global Intensive Care Unit Equipment Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Product, Application, End User, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByProduct:
- Ventilators
- Pulse oximeters
- Dialysis Equipment
- Others
- Beds
By Application:
- Cardiology
- Respiratory
- Oncology
- Trauma
- Others
By End User:
- Hospitals
- Specialty Clinics
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Intensive Care Unit Equipment Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Intensive Care Unit Equipment Market, by Product,2019-2029 (USD Billion)
- 1.2.3. Intensive Care Unit Equipment Market, by Application, 2019-2029 (USD Billion)
- 1.2.4. Intensive Care Unit Equipment Market, by End User, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Intensive Care Unit Equipment Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Intensive Care Unit Equipment Market Dynamics
- 3.1. Intensive Care Unit Equipment Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing incidence of chronic respiratory disorders.
- 3.1.1.2. Growing Geriatric Population
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Intensive Care Unit Equipment
- 3.1.3. Market Opportunities
- 3.1.3.1. Advancements in Formulation.
- 3.1.3.2. Rising no. Of Hospitals.
Chapter 4. Global Intensive Care Unit Equipment Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Intensive Care Unit Equipment Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Intensive Care Unit Equipment Market by Product, Performance - Potential Analysis
- 6.3. Global Intensive Care Unit Equipment Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
- 6.4. Intensive Care Unit Equipment Market, Sub Segment Analysis
- 6.4.1. Ventilators
- 6.4.2. Pulse oximeters
- 6.4.3. Dialysis Equipment
- 6.4.4. Others
- 6.4.5. Beds
Chapter 7. Global Intensive Care Unit Equipment Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Intensive Care Unit Equipment Market by Application, Performance - Potential Analysis
- 7.3. Global Intensive Care Unit Equipment Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 7.4. Intensive Care Unit Equipment Market, Sub Segment Analysis
- 7.4.1. Cardiology
- 7.4.2. Respiratory
- 7.4.3. Oncology
- 7.4.4. Trauma
- 7.4.5. Others
Chapter 8. Global Intensive Care Unit Equipment Market, by End User
- 8.1. Market Snapshot
- 8.2. Global Intensive Care Unit Equipment Market by End User, Performance - Potential Analysis
- 8.3. Global Intensive Care Unit Equipment Market Estimates & Forecasts by End User2019-2029 (USD Billion)
- 8.4. Intensive Care Unit Equipment Market, Sub Segment Analysis
- 8.4.1. Hospitals
- 8.4.2. Specialty Clinics
Chapter 9. Global Intensive Care Unit Equipment Market, Regional Analysis
- 9.1. Intensive Care Unit Equipment Market, Regional Market Snapshot
- 9.2. North America Intensive Care Unit Equipment Market
- 9.2.1. U.S. Intensive Care Unit Equipment Market
- 9.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. End User breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Intensive Care Unit Equipment Market
- 9.3. Europe Intensive Care Unit Equipment Market Snapshot
- 9.3.1. U.K. Intensive Care Unit Equipment Market
- 9.3.2. Germany Intensive Care Unit Equipment Market
- 9.3.3. France Intensive Care Unit Equipment Market
- 9.3.4. Spain Intensive Care Unit Equipment Market
- 9.3.5. Italy Intensive Care Unit Equipment Market
- 9.3.6. Rest of Europe Intensive Care Unit Equipment Market
- 9.4. Asia-Pacific Intensive Care Unit Equipment Market Snapshot
- 9.4.1. China Intensive Care Unit Equipment Market
- 9.4.2. India Intensive Care Unit Equipment Market
- 9.4.3. Japan Intensive Care Unit Equipment Market
- 9.4.4. Australia Intensive Care Unit Equipment Market
- 9.4.5. South Korea Intensive Care Unit Equipment Market
- 9.4.6. Rest of Asia Pacific Intensive Care Unit Equipment Market
- 9.5. Latin America Intensive Care Unit Equipment Market Snapshot
- 9.5.1. Brazil Intensive Care Unit Equipment Market
- 9.5.2. Mexico Intensive Care Unit Equipment Market
- 9.6. Rest of The World Intensive Care Unit Equipment Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Medtronic plc
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Baxter International Inc.
- 10.2.3. Getinge AB
- 10.2.4. B. Braun Melsungen AG
- 10.2.5. Edwards Lifesciences Corporation
- 10.2.6. General Electric Company
- 10.2.7. Invacare Corporation
- 10.2.8. Medline Industries, Inc.
- 10.2.9. Koninklijke Philips N.V.,
- 10.2.10. Nihon Kohden Corporation
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption