Overview of Critical Care Equipment (CCE) Market 2018-2023 | General Electric Company, Medtronic, Siemens Healthcare Private Limited, Baxter

A new market study, titled “Critical Care Equipment Market Research Report –Forecast till 2023” has been featured on Market Research Future.

Market Scenario
Middle East and Africa critical care equipment market is growing moderately. Critical care also known as intensive care is an essential medical practice to cure severe injuries or life-threatening medical conditions. In critical care unit (CCU), medical professionals monitor and treat patient under controlled conditions with the help of critical care equipment. Critical care equipment are very useful to monitor and get accurate information about patient’s health conditions. These equipment provide life support to patients after they have gone through a major surgery, injury or have faced life threatening injuries. Healthcare expenditure is growing in Middle East and Africa region which comprise about 2% of the global healthcare expenditure. Developing healthcare infrastructure, technological advance facilities, government initiatives to improve the healthcare sector and growing cases of non-communicable diseases are driving the growth of the critical care equipment market in Middle East and Africa. This market was about US$ 681.2 million in 2016 and expected to reach US$ 1061.4 million by 2023 growing at the CAGR of 5.7%.

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Key Players

• Johnson & Johnson Services, Inc. (US),
• General Electric Company (US),
• Medtronic (Republic of Ireland),
• Siemens Healthcare Private Limited (Germany),
• Baxter (US),
• Koninklijke Philips N.V. (Netherlands)

Regional Analysis

Middle East and Africa is one of the prosperous market for healthcare sector and growing by 10% annually. This region comprise about 2% of global healthcare expenditure which is growing continuously. Critical care equipment manufacturers and suppliers are expanding their network in this region and looking positively towards the growth of the market.

Considering the Middle East and Africa critical care equipment market, UAE is believed to be the largest market of Middle East and Africa CCE. Increasing middle class population and per capita income are driving the growth for CCE in above mentioned regions. Due to high expenditure in healthcare infrastructure and technological advancement, UAE is the prominent market for CCE. Moreover Saudi Arabia’s market is also growing and is the second largest market for critical care equipment. Patients from developing countries are travelling to UAE to get top class medical facilities which is boosting medical tourism and related sectors such as airlines, hospitality and local market in these region. Various initiatives by Saudi government to improve healthcare with increasing private investment are driving the growth of the CCE market in Saudi Arabia. The cases of non-communicable diseases such as stroke and heart diseases are rising in this region, due to which need for emergency medical facilities are also increasing. Increasing demand for CCU is leading to the growth of the CCE market in Saudi Arabia. On the other hand, Egypt’s market is expected to grow at a steady pace in the Middle-East and Africa critical care equipment (CCE) market during the forecasted period. Rest of the Middle East and Africa region is expected to have a limited but steady growth in the market. African countries are slow in adopting new technologies. Lack of skilled medical professionals, healthcare infrastructure and facilities as well as high cost are inhibiting the market growth in this rest of Middle East and African region.

Segments:
Middle East and Africa critical care equipment market has been segmented on the basis of type of equipment which includes patient monitor, medical ventilator, dialysis, iv pumps, infusion pump, suction apparatus, and others. On the basis of end user the market is segmented into hospitals, research laboratories and others.

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Detailed Table of Contents:

1 Report Prologue

2 Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

2.4. Market Segmentation

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Mega Trends

4.5 Macroeconomic Indicators

5 Market Factor Analysis

5.1 Value Chain Analysis

5.2 PORTERS Five Forces

5.3 Demand & Supply: Gap Analysis

5.4 Pricing Analysis

5.5 Investment Opportunity Analysis

...Continued!

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