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Symbol ICUI
Name ICU Medical, Inc.
Currency USD
Sector Health Care
IndustryGroup Health Care Equipment & Services
Industry Health Care Equipment & Supplies
Market NASDAQ Global Select
Country United States
State CA
City San Clemente
Zipcode 92673
Website http://www.icumed.com
The tele-intensive care market is projected to grow from $5.49 billion in 2023 to $13.9 billion by 2028, driven by the rising prevalence of chronic diseases and advancements in technology. Key trends include AI integration, telehealth solutions, and mobile applications, enhancing remote patient monitoring and care. Major players in the market are focusing on innovative technologies to improve healthcare delivery.
Otsuka has partnered with ICU Medical to enter the U.S. IV products market, leveraging ICU's Austin plant and aiming to enhance supply chain redundancy following disruptions from Hurricane Helene. The joint venture will focus on innovative PVC-free technologies and seeks FDA approval for overseas manufacturing sites. Investors reacted positively, with ICU Medical's shares rising over 1% amid a mixed financial report for Q3 2024.
Pfizer is considering selling its hospital drugs unit, formed after the $17 billion acquisition of Hospira in 2015, amid pressure from activist investor Starboard Value. The unit, which includes various sterile injectables, generates around $500 million in annual EBITDA and could be valued at several billion dollars. This move follows a significant decline in Pfizer's market value and ongoing debt reduction efforts, exacerbated by supply disruptions from a tornado that damaged a key manufacturing facility.
ICU Medical will present at the UBS Global Healthcare Conference in Rancho Palos Verdes, California, on November 13, 2024, at 4:15 p.m. PT (7:15 p.m. ET). The presentation will be available via live webcast on the company's website, with a replay option. Management will also hold one-on-one meetings on the same day.

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