Critical Care Device Market to Witness Huge Growth by 2021 | Key Players are Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), Baxter International Inc. (US), Fresenius Kabi (Germany) etc.

COVID-19 Impact on Critical Care Device Market by Device (High-Impact Products (Ventilators, Patient Monitors, Infusion Pumps, Hyperbaric Oxygen Therapy Devices and Sleep Apnea Devices) and Low-Impact Products (Anesthesia Machines, Defibrillators and Blood Warmers)) and Region - Global Forecast to 2021

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"The global critical care devices market is projected to grow at a CAGR of 44.6% from 2019 to 2020."

The leading players in the critical care devices market include Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), Baxter International Inc. (US), Fresenius Kabi (Germany), Medtronic plc (Ireland), ResMed (US), Koninklijke Philips (Netherlands), and Fisher & Paykel Healthcare (New Zealand), among others.

The global critical care devices market size is projected to reach USD 27.29 billion by 2021 from USD 37.97 billion in 2020. The market for critical care devices is driven primarily by the increasing number of ICU beds owing to the continuously rising COVID-19 cases, increasing demand for ventilators for effective management of critical COVID 19 patients, and ease of regulatory requirements to facilitate the production of critical care devices.

"In 2019, the infusion pumps product segment accounted for the largest share of the market."

Based on the product, the infusion pump segment accounted for the largest share of the critical care devices market in 2019. The large share of this segment can be attributed to the growing COVID-19 patient pool, increasing availability of ambulatory infusion pumps, research on plasma therapy for the treatment of COVID-19 patients, and the introduction of technologically advanced products in the market.

"In 2019, the hospitals and clinics segment accounted for the largest share of the market."

Based on end-users, the hospital segment accounted for the largest share of the critical care devices market in 2019. The large share of this segment is attributed to the strong financial capabilities of hospitals for purchasing high-priced critical care devices, the large patient pool treated at hospitals, the increase in the number of make-shift hospitals, and the availability of trained professionals to operate these critical care devices.

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"North America is projected to witness the highest growth during the forecast period."

The North American market is estimated to register the highest CAGR during the forecast period. Factors such as the highest number of COVID-19 cases globally, the presence of a large number of key local players that can ramp up the production of these devices, increased accessibility to advanced healthcare facilities are fueling the demand for critical care devices in the APAC region.

Research Coverage:

The report analyzes the various critical care devices and their adoption patterns. It aims at estimating the market size and future growth potential of the critical care devices market for different segments such as product, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market, and recent developments and key short-term strategies.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market.

List Of Tables

Table 1 Critical Care Devices Market, By Product, 2018-2021 (Usd Million)
Table 2 Critical Care Devices Market, By Country, 2018-2021 (Usd Million)
Table 3 Most-Attractive Critical Care Devices Market, By Type, 2018-2021 (Usd Million)
Table 4 Most-Attractive Critical Care Devices Market, By Country, 2018-2021 (Usd Million)
Table 5 Ventilators Market, By Country, 2018-2021 (Usd Million)
Table 6 Sleep Apnea Devices Market, By Country, 2018-2021 (Usd Million)
Table 7 Respiratory Monitoring Devices Market, By Country, 2018-2021 (Usd Million)
Table 8 Hyperbaric Oxygen Therapy Devices Market, By Country, 2018-2021 (Usd Million)
Table 9 Infusion Pump Devices Market, By Country, 2018-2021 (Usd Million)
Table 10 Less-Affected Critical Care Devices Market, By Type, 2018-2021 (Usd Million)
Table 11 Less-Affected Critical Care Devices Market, By Country, 2018-2021 (Usd Million)
Table 12 Defibrillators Market, By Country, 2018-2021 (Usd Million)
Table 13 Anesthesia Monitors & Machines Market, By Country, 2018-2021 (Usd Million)
Table 14 Blood Warmer Devices Market, By Country, 2018-2021 (Usd Million)
Table 15 Critical Care Devices Market, By End User, 2018-2021 (Usd Million)
Table 16 Critical Care Devices Market For Hospitals & Clinics, By Country, 2018-2021 (Usd Million)
Table 17 Critical Care Devices Market For Ambulatory Care Centers, By Country, 2018-2021 (Usd Million)
Table 18 Critical Care Devices Market For Emergency Medical Services, By Country, 2018-2021 (Usd Million)
Table 19 Critical Care Devices Market For Home Care Settings, By Country, 2018-2021 (Usd Million)
Table 20 Us: Critical Care Devices Market, By Type, 2018-2021 (Usd Million)
Table 21 Us: Most-Attractive Critical Care Devices Market, By Type, 2018-2021 (Usd Million)
Table 22 Us: Less-Affected Critical Care Devices Market, By Type, 2018-2021 (Usd Million)

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In the end, the Global Critical Care Device Market report's conclusion part notes the estimation of the industry veterans.

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