Overview

ICU Equipment Market Introduction:

The Intensive Care Unit (ICU) equipment is important for patient care in emergency conditions and failure of these equipment may lead to severe injuries or even death. Therefore, the healthcare professionals need to pay special attention in ICUs. Furthermore, an increased geriatric population, rising drug delivery activities, growing research activities, technological advancements are some of the crucial parameters contributing to the ICU equipment market growth.

The global market is categorised into product type, patient type, monitoring type, end user, application and region. Based on the type of product, the market is fragmented into patient monitors, ventilators, sleep apnea devices, infusion pump, anaesthesia machine, defibrillator and blood warmers. The ventilator segment is predicted to hold the largest ICU equipment market share, and this is owing to the sudden rise in the demand for ventilators with COVID-19 patients with severe symptoms needed to be treated using ventilators.

The ‘Spiro Wave’, is an automated resuscitator, recently received FDA approval, thereby initiating the production and delivery of these machines. These machines replicate the functionality of a resuscitator that is manually operated, to provide ventilation to patients with severe symptoms. But this machine has automated the entire process which shall not require any human intervention and it uses the same type of bags utilized with the manual resuscitator. Such an advanced product shall propel the growth of the market.

Based on the type of patient, the market is bifurcated into neonates, paediatrics and geriatrics. The geriatrics are expected to lead the market owing to the massive requirement of ventilators for COVID-19 patients aged 60 and above and especially in countries like Italy and Germany, where most COVID-19 patients are geriatrics. Furthermore, Koninklijke Philips N.V in May 2016 announced the launch of Children’s Respiration Monitor, Air Purifier Series 6000 and the Air Purifier Series 3000.

The application segment is fragmented into pulmonary embolism, deep vein thrombosis, atrial fibrillation, acute coronary syndrome, coronary angioplasty and haemodialysis. Super Resolution Microscope, a GE product, was launched in September 2019 and it is used for facilitating deeper, faster and clearer images over a wide application range for a prolonged time period.

Key market players associated are GE Healthcare, Philips, Baxter, Dragerwerk, Medtronic, Fresenius, Nihon Kohden, Stryker, BD, Mindray, Resmed, Siemens, ICU Medical, Terumo, OSI (Spacelabs), B. Braun and Yuwell.

ICU Equipment Market

ICU Equipment Market Segmentation:

By Product Type

Ventilators
Infusion Pumps
Blood Warmers
Anaesthesia Machine
Defibrillators
Patient Monitors
Sleep Apnea Devices

By Patient Type

Neonates
Paediatrics
Geriatrics

By Application

Pulmonary Embolism
Deep Vein Thrombosis
Atrial Fibrillation
Acute Coronary Syndrome
Coronary Angioplasty
Haemodialysis

By Monitoring Type

Vital Signs Monitoring
Brain Function Monitoring
Haemodynamic Monitoring
Neurologic Monitoring

By End User

Ambulatory Surgical Centres
Hospitals
Clinics
Trauma Centres
Homecare Settings
Others

By Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global ICU equipment market by product type, by patient type, by application, by monitoring type, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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