Intensive Care Unit Equipment Market to Exhibit a CAGR of 4.8% by 2027; Rising Geriatric Population to Influence Market Growth, states Fortune Business Insights™

The global “intensive care unit” equipment market size is predicted to reach USD 9.03 billion by 2027, exhibiting a CAGR of 4.8% during the forecast period. The emergence of novel viruses such as coronavirus will spur demand for life support, patient monitoring, and emergency resuscitation devices, which in turn, will boost the market growth during the forecast period, states Fortune Business Insights in a report, titled “Intensive Care Unit Equipment Market Size, Share and Industry Analysis By Product (Beds, Ventilators, Pulse Oximeters, Dialysis Equipment, and Others), By Patient (Adult and Pediatric), By Application (Neurology, Cardiology, Respiratory, Renal, Oncology, Trauma, and Others), By End-User (Hospitals, Specialty Clinics, and Others and Regional Forecast, 2020-2027” the market size stood at USD 6.16 billion in 2019.

Request a Sample Copy of the Research Report

The Report Lists the Main Companies in the Market:

Please visit: https://www.fortunebusinessinsights.com/intensive-care-unit-icu-equipment-market-103058

Market Driver:

Surge in Chronic Diseases to Augment Growth

The growing cases of cancer, neurologic disorders, and cardiovascular diseases will fuel demand for the market in the foreseeable future. As per the World Health Organization’s statistics, Cancer is the second leading cause of death globally, and is responsible for an estimated 9.6 million deaths in 2018. Globally, about 1 in 6 deaths is due to cancer. Approximately 70% of deaths from cancer occur in low- and middle-income countries. The increasing hospitalization and need for intensive care will have a positive impact on the market. The rising incidence of chronic diseases has led to the utilization of intensive care among patients. As per the Centers for Disease Control and Prevention, approximately 133 million Americans (45% population) have at least one chronic disease. Similarly, the growing number of patient admissions in the ICU will subsequently enable speedy expansion of the market.

Related Report:

Intensive Care Unit Equipment Market Growth Analysis

Intensive Care Unit Equipment Market Revenue

Intensive Care Unit Equipment Market Manufacturers

Intensive Care Unit Equipment Market Drivers

Intensive Care Unit Equipment Market Research Methodology

Intensive Care Unit Equipment Market Future Growth

Intensive Care Unit Equipment Market Devlopment Strategy

Intensive Care Unit Equipment Market Industry

Intensive Care Unit Equipment Market Overview

Intensive Care Unit Equipment Market Segments

Intensive Care Unit Equipment Market Competitive Landscape

Intensive Care Unit Equipment Market Demand

Intensive Care Unit Equipment Market Key Players

Intensive Care Unit Equipment Market Business Opportunities

Intensive Care Unit Equipment Market Analysis

Intensive Care Unit Equipment Market Growth

Intensive Care Unit Equipment Market Trends

Intensive Care Unit Equipment Market Share

Intensive Care Unit Equipment Market Size

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email:[email protected]

LinkedIn | Twitter | Blogs

https://newswinters.com/