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ICU Equipment Market to Hit USD 8.42 Billion in 2028 with 3.2% CAGR; Implementation of Artificial Intelligence to Boost Growth: Fortune Business Insights™

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Pune, India, Aug. 04, 2021 (GLOBE NEWSWIRE) — The global ICU Equipment Market is set to gain momentum from the increasing technological developments in the field of critical care. Nowadays, artificial intelligence (AI) is being used extensively to develop novel equipment. In August 2020, for instance, LEVEN Medical introduced smart ventilators equipped with machine learning and AI amid the COVID-19 pandemic. This information is given by Fortune Business Insights™ in a report titled, “ICU Equipment Market, 2021-2028.” As per the report, the market size stood at USD 10.12 billion in 2020. It is projected to grow from USD 6.75 billion in 2021 to USD 8.42 billion in 2028 at a CAGR of 3.2% during the forecast period.

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https://www.fortunebusinessinsights.com/enquiry/sample/intensive-care-unit-icu-equipment-market-103058

COVID-19 Pandemic Affects Growth Positively Backed by Increased Hospitalization

The outbreak of the COVID-19 pandemic affected this intensive care unit equipment industry positively worldwide. UpToDate, Inc., for instance, published in its article that up to 20% of people infected with the SARS-CoV-2 virus developed severity and required immediate hospitalization. Additionally, among those hospitalized, one-quarter of patients needed admission to the ICU. We are offering elaborate research reports to help you generate more sales by implementing unique marketing strategies.

Segments-

Ventilators Segment Held 33.8% Share in 2020: Fortune Business Insights™

Based on the product, the ICU Equipment Market is segregated into beds, ventilators, pulse oximeters, dialysis equipment, and others. Amongst these, the ventilators segment generated 33.8% in terms of the critical care equipment market share in 2020. It remained at the forefront the same year because of the growing number of patients suffering from COVID-19 symptoms.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:

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

Report Coverage-

Our in-depth research reports offer comprehensive coverage of the focus industry, ensuring a deep and holistic understanding of the ICU equipment industry. It also offers granular and actionable data. We strive to ensure that you receive the best strategies for increasing the sales of your products. Our key mission is service orientation. We also conduct primary and secondary research to track the latest innovations, regulatory developments, and competitive landscape.

Drivers & Restraints-

Rising Incidence of Cancer and Cardiovascular Diseases to Boost Growth

The surging prevalence of various chronic diseases, such as cancer, respiratory illness, neurological, and cardiovascular diseases worldwide is anticipated to propel the ICU Equipment Market growth in the near future.

The Centers for Disease Control and Prevention, for instance, stated that 133 Americans suffer from at least one of these chronic diseases. Hence, they require intensive care, long-term hospitalization, and constant monitoring. However, as the equipment is very expensive, healthcare providers, especially in developing nations, often purchase refurbished equipment for their hospitals. It may hamper growth.

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Regional Insights-

Availability of Advanced Healthcare Infrastructure to Help North America Dominate

Geographically, in 2020, the global ICU Equipment Market share of North America stood at USD 3.65 billion in terms of revenue and would retain its dominant position throughout the forthcoming years.

It is currently experiencing high growth because of the sudden outbreak of the COVID-19 pandemic. Also, the U.S. possesses a well-established healthcare infrastructure, which would aid the demand for the product. On the other hand, Europe is likely to show steady growth stoked by the surging awareness regarding the benefits of the equipment among patients.

Competitive Landscape-

Key Players Focus on Launching Novel Equipment to Tackle COVID-19 Cases

Many companies present in the market are striving to keep up with the immense pressure that the healthcare sector faces because of the COVID-19 pandemic. With the shortage of hospital beds and ICU, these players are constantly developing new products to cater to the high demand. Below are the two vital developments of the intensive care unit equipment industry:

  • August 2020: Royal Philips introduced Rapid Equipment Deployment Kit meant for ICU ramp-ups. It would help hospital staff, doctors, technicians, and nurses rapidly support patient monitoring capabilities amid the COVID-19 pandemic.
  • July 2020: Royal Philips unveiled its new mobile Intensive Care Units (ICUs) in India for meeting patients’ critical-care requirements. Each unit is capable of serving nine beds. With the spike in COVID-19 cases, the company wanted to bring the country’s healthcare system under control.

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A list of renowned ICU equipment providers present in this market:

  • General Electric Company (Chicago, U.S.)
  • Koninklijke Philips N.V. (Amsterdam, Netherlands)
  • Getinge AB (Sweden, Europe)
  • Medtronic (Dublin, Ireland)
  • Fresenius SE & Co. KGaA (Bad Homburg, Germany)
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Shenzhen, China)
  • HILL-ROM HOLDINGS, INC. (Indiana, U.S.)
  • Medline Industries, Inc. (Illinois, U.S.)
  • B. Braun Melsungen AG (Melsungen, Germany)
  • Edwards Lifesciences Corporation (California, U.S.)
  • Invacare Corporation (Ohio, U.S.)
  • Other Prominent Players

Table of Content

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Prevalence of Key Indications, By Country
    • Recent Industry Developments (Mergers, Acquisitions, and Partnerships)
    • Key Industry Trends
    • Regulatory Scenario by Key Countries
    • Impact of COVID-19 on ICU Equipment Market
  • Global Intensive Care Unit  Equipment Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Beds
      • Ventilators
      • Pulse Oximeters
      • Dialysis Equipment
      • Others
    • Market Analysis, Insights and Forecast – By Patient
      • Adult
      • Pediatric
    • Market Analysis, Insights and Forecast – By Application
      • Neurology
      • Cardiology
      • Respiratory
      • Oncology
      • Trauma
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals
      • Specialty Clinics
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

ToC Continue…

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.

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Artificial Intelligence

Aetina Accelerates Embedded AI with High-performance, Small Form-factor Aetina IA380E-QUFL Graphics Card

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TAIPEI, April 25, 2024 /PRNewswire/ — Aetina, a leading Edge AI solution provider, announced the launch of the Aetina IA380E-QUFL at Embedded World 2024 in Nuremberg, Germany. This groundbreaking product is a small form factor PCIe graphics card powered by the high-performance Intel Arc A380E GPU. 

Unmatched Power in a Compact Design
The Aetina IA380E-QUFL delivers workstation-level performance packed into a low-profile, single-slot form factor. This innovative solution consumes only 50W, making it ideal for space and power-constrained edge computing environments. Embedded system manufacturers and integrators can leverage the power of 4.096 TFLOPs peak FP32 performance delivered by the Intel Arc A380E GPU[1].
Beyond Small Size: Big Capabilities
Despite its compact size, the IA380E-QUFL offers native support for 4 mini-DisplayPort outputs and 6GB of GDDR6 memory, enabling the connection of multiple high-resolution displays (UHD). This makes the IA380E-QUFL an excellent choice for a wide range of applications, including commercial gaming, video walls, medical imaging, and visual inference for smart cities.
“The demand for slim and energy-efficient AI systems is rapidly escalating,” said Jackal Chen, Senior Product Manager at Aetina. “The Aetina IA380E-QUFL addresses this need head-on, offering a powerful GPU solution in a compact, single-slot form factor with minimal power consumption. This empowers developers to create powerful and efficient edge systems for a wide range of applications.”.
Unparalleled Commitment: 5-Year Product Supply
Acknowledging the critical need for long-term product stability in industrial applications, Aetina ensures a 5-year product supply for the Aetina IA380E-QUFL, which streamlines system roadmaps and reduces the need for costly redesign. Our commitment is aligned with Intel’s announced product plans for the Intel Arc A380E GPU.[1]
[1]https://www.intel.com/content/www/us/en/content-details/820389/intel-arc-gpu-for-the-edge-public-30-3-30.html?wapkw=Intel%20Arc%20GPU%2030-3-30&DocID=820389 Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.
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Artificial Intelligence

IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

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Artificial Intelligence

Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

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This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
 
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
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