Critical Care Devices Market Size, Status, and Precise Outlook – Fisher & Paykel, Airon, Philips Respironics, GE Healthcare, Smiths Medical

The Critical Care Devices market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of the global Critical Care Devices Market with its specific geographical regions.

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The Critical Care Devices Market was valued at US$ 21,682.65 million in 2019 and is projected to reach US$ 47,171.42 million by 2027; it is expected to grow at a CAGR of 9.10% during 2020–2027.

Top leading Manufacturers Profiled in Critical Care Devices Market Report are:

Fisher & Paykel, Airon Corporation, Draegerwerk, Maquet Holding, OSI Systems, ICU Medical, ResMed, Medtronic plc, Philips Respironics, NP Medical, CareFusion Corporation, Smiths Medical, GE Healthcare, Fresenius Kabi

Recent Industry Update-

Aug 13, 2020, Philips launches Rapid Equipment Deployment Kit to COVID-19 response

Jun 30, 2020, Philips introduces mobile ICUs for India to tackle pandemics like COVID-19

Fisher & Paykel shares rose as high as 3.7% on the New Zealand market, their highest since September 29, and are ranked among the top percentage gainers on its SciTex Index and S&P NZX 50 Capital Index.  Shares on the Australian market rose as much as 3%, its highest since Sept 28.

22 May 2017 Fisher & Paykel Healthcare Launches New CPAP Device

March 31, 2020, Ford, GE Healthcare to produce ventilators in Michigan, boost production in Florida

Jan 28, 2020, Trivitron Healthcare launches advanced Medtech Devices at Arab Health 2020, Dubai

11 May 2021 Medtronic launches SonarMed airway monitoring system in the U.S.

Medtronic has announced the U.S. commercial launch of the SonarMed airway monitoring system. The system utilizes acoustic technology to check for endotracheal tube (ETT) obstruction and verify position in real-time.

Globally, 415,000 neonates and infants require invasive mechanical ventilation per year and are intubated for greater than 24 hours. Despite recommendations and reduction efforts, 75,000, or about one in five, of these neonates and infants will experience at least one unplanned extubation (UE). In the NICU, UEs are a significant safety concern for neonates and newborns and are the most common adverse event during mechanical ventilation. These events can lead to increased length of stay and hospital costs. Adoption of the SonarMed airway monitoring system can help reduce the frequency of these events, which in turn can help improve outcomes and reduce healthcare costs.

10 December 2020 Medtronic launches pediatric dialysis machine in the U.S

December 11, 2020, Medtronic launches first continuous dialysis machine for infants, small children in the US

Medtronic Inc. has announced the commercial launch of its pediatric emergency dialysis device, which is indicated for use in patients weighing between 5.5 and 22 pounds who experience AKI or fluid overload.

Healio Nephrology reported on the device, known as the Carpediem System, in April 2020 when Medtronic received marketing authorization from the FDA after data showed pediatric patients had a 97% survival rate when treated with the system vs. a 48% survival rate when treated with devices marketed for adults. As part of the authorization, Medtronic was required to conduct a post-approval study to monitor patients. According to a press release, the system was subsequently installed at Cincinnati Children’s Hospital Medical Center.

Global Critical Care Devices Market Split by Product Type and Applications:

Market Research Study Focus on these Types:

Patient monitoring
Life support and emergency resuscitation devices
Diagnostic devices

Market Research Study Focus on these Applications:

Hospitals
Clinics

Regional Analysis for Critical Care Devices Market:

For a comprehensive understanding of market dynamics, the global Critical Care Devices market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

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Critical Care Devices Market Scenario:

The Middle East and Africa's 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 the critical care unit (CCU), medical professionals monitor and treat patients under controlled conditions with the help of critical care equipment. Critical care equipment is very useful to monitor and get accurate information about a patient’s health conditions.

In the near future, technological advancements in these devices are expected to generate further investment opportunities. Individuals rely heavily on critical care health devices to help them monitor their health. The shortage of skilled labor to operate various critical care devices is expected to hamper the growth of the market during the analysis period.

Critical care or intensive care is required for patients in life-threatening conditions. Critical care units require to be staffed, designed, and equipped in order to treat and monitor patients. Critical care devices are geared towards providing constant medical attention and support to the patients. Critical care devices help in providing better treatment facilities due to their constant reliability, efficiency, and 24 hours support facility.

New opportunities have opened up due to constantly improving healthcare infrastructure, technological advancements, rising disposable incomes, and increasing developments in the healthcare system. These factors are foreseen to act as an opportunity in the upcoming period. Moreover, growing medical tourism requires critical care devices for providing improved and better services to treat their patients. Eventually, high healthcare expenses will result in market growth and provide numerous opportunities.

Table of Contents:

-Critical Care Devices Market Overview

-Economic Impact on Industry

-Market Competition by Manufacturers

-Production, Revenue (Value) by Region

-Supply (Production), Consumption, Export, Import by Regions

-Production, Revenue (Value), Price Trend by Type

-Market Analysis by Application

-Manufacturing Cost Analysis

-Industrial Chain, Sourcing Strategy, and Downstream Buyers

-Marketing Strategy Analysis, Distributors/Traders

-Market Effect Factors Analysis

-Critical Care Devices Market Forecast

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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