Global Intensive Care Unit Equipment Market | 2021 Global Healthcare Industry Analysis To 2028, is latest report on Global Intensive Care Unit Equipment Industry, published by Fortune Business Insights. According to this report Global Intensive Care Unit Equipment Market to rise at healthy Compound Annual Growth Rate by 2028. Market for Intensive Care Unit Equipment Industry is segmented By Product Type (Intensive Care Unit Equipment Frames and Spectacle Lenses), By Modality (Prescription and Over-the-counter) By Distribution Channel (Retail Store, Online Store, Ophthalmic Clinics), and Regional Forecast, 2020-2027
Major Intensive Care Unit Equipment Manufacturers covered in the market report include:
- Koninklijke Philips N.V (Netherlands)
- GENERAL ELECTRIC COMPANY (United States)
- Medtronic (Ireland)
- Edwards Lifesciences Corporation (United States)
- Fresenius SE & Co. KGaA (Germany)
- Invacare Corporation. (United States)
- Medline Industries, Inc (United States)
- Braun Melsungen AG (Germany)
- Other Players
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Rising Healthcare Expenditure to Propel Growth in North America
The market in North America generated a revenue of USD 2.03 billion in 2019. The growth in the region is attributed to the increasing prevalence of chronic diseases in the U.S. The increasing geriatric population and developed healthcare infrastructure will influence growth in the region. Asia Pacific is predicted to grow rapidly during the forecast period owing to the developing healthcare infrastructure. The increasing patient pool of chronic disorders will further spur opportunities for the market in the forthcoming years. The increasing geriatric population will create lucrative business opportunities for the market in the region.
Intensive Care Unit Equipment Market Analysis 2021:
The global Intensive Care Unit Equipments market size is projected to rise remarkably on account of the increasing number of chronic and acute diseases and the advent of technologically advanced procedures to diagnose them. Intensive Care Unit Equipment is an imaging scanner intensifier used for intraoperative imaging in surgical, orthopaedic, or emergency diagnostic procedures owing to its radiographic abilities.The increasing number of chronic and acute diseases requiring imaging procedures is a crucial factor propelling the Intensive Care Unit Equipments market growth.
This, coupled with a rise in the demand for minimally invasive procedures, is also expected to aid in the expansion of the market. Also, the advent of artificial intelligence in radiology for assisting the discovery of genomic markers will boost the market growth in the coming years.
On the contrary, factors such as high cost of Intensive Care Unit Equipments instruments may pose a significant hindrance to the market in the coming years. Nevertheless, they have a wide variety of applications such as urology, vascular, neurovascular, spinal surgery, and others. The increasing demand for Intensive Care Unit Equipment imaging system from the applications listed above is likely to create lucrative growth opportunities for the market in the coming years.The world economy is facing rough waters owing to the current pandemic of COVID-19. Most of the import-export businesses are at a halt owing to this pandemic.
However, we hope to pass this phase soon with government support and measures. We, at Fortune Business Insights, are offering analytical reports on various markets affected by COVID-19. These reports will help investors chalk out the strategic plans for revenue generation in the coming years.
Intensive Care Unit Equipment market is likely to rise at a CAGR of 4.6% and reach USD 2,453.3 million by the end of 2027 from a revenue of USD 1,708.1 million generated in the year 2019. The forecast period is set between 2020 to 2027.