LONDON--(BUSINESS WIRE)--The future of healthcare is being shaped by both demographic and technological changes. New and advanced technologies, including robotics and wearables, are changing the way that treatment and diagnoses can be conducted, while greater life expectancy and aging baby boomers are presenting unique challenges to healthcare institutions and systems. Medical equipment manufacturers are also evolving in time with these changes in order to ensure their products are effective, up-to-date, and that they meet market standards and patient expectations. According to Infiniti Research, the global market for ICU and operating room equipment, driven by these advancements and innovations, will grow at a CAGR of 7% until 2020.
Infiniti Research has recently completed a market intelligence study on market opportunities for intensive care unit (ICU) and operating room (OR) equipment for a leading medical technology company. The purpose of the study was to forecast the demand from government and private sectors, and to offer the client strategic insights that would help them to gain a comprehensive understanding of the global market for this equipment.
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The large number of baby boomers entering into retirement age and facing age-related health issues is putting a strain on health care systems in several countries across the world, especially in North America. This demographic is more likely to require in-patient surgical procedures and to require emergency care and procedures than other age groups. This is forcing hospitals and other healthcare institutions to upgrade their equipment and adopt technologically-advanced ICU and OR equipment in order to treat, diagnose, and manage patients quickly, effectively, and efficiently, and to deal with a high volume of patients with a variety of ailments requiring serious treatment. As the baby boomer population continues to age, the amount of procedures being performed and the level of care needed will greatly intensify.
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Due to changing medical industry regulations, healthcare concerns, and population-related trends throughout the world, market intelligence has become a key factor in staying ahead of the competition, keeping up with technological advancements, staying ahead of the competition, and increasing product quality and performance. Infiniti Research’s solutions can help you to keep up to date with the latest medical technologies and advancements, monitor patient and healthcare practitioner concerns in your target countries, and stay aware of changing regulations and medical trends throughout the world.
In their latest assessment of the operating room and intensive care unit equipment market, Infiniti Research’s market intelligence analysts were tasked with helping the client gain a better understanding of the market size, landscape, and growth opportunities for various product markets in different regions. In just a few weeks, the client saw numerous benefits in terms of understanding the growth of different product markets and their current prices, and developed a comprehensive understanding of factors that have a significant impact on the number of ICU and OR beds in India.
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About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
With 13 years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.