Critical Care Equipment market rising at 9.5 % CAGR to 2027

The proposed Critical Care Equipment market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.

The critical care equipment 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 9.5% during 2020-2027.

An ICU bed is equipped and staffed to be capable of ICU level care and provides mechanical ventilation along with invasive monitoring. According to the National Center for Biotechnology Information, in May 2020, Canada being at the peak of COVID-19 outbreak, the need for ICU beds has exceeded at a significant level, even with 40% self-isolation. The number of existing ICU beds in each region ranged from 0.63 to 1.85 per 10,000 people. Assuming a current occupancy rate of 80% is estimated, unoccupied ICU beds available for COVID-19 patients would vary across the region from 0.13 to 0.37 per 10,000 people.

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Furthermore, the Critical Care Equipment market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.

The structure of the Critical Care Equipment market report can be categorized into following sections:

Section 1: scope of the report & research methodology

Section 2: key takeaways                                                                    

Section 3: market variables & their impact on growth and analytical tools providing high level insights into the market dynamics and growth pattern

Section 4: market estimates and forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2021 to 2027). Regional and country level estimates and forecasts for each category which are summed up to form the global market.

Section 5: competitive landscape. Attributes such as strategy framework, competitor categorization are included to provide elaborate details on the market structure & strategic undertakings as well as their impact.

Products Insights

In terms of product, the patient monitor systems segment held the largest share of the market in 2019 and it is expected to continue to be a leading shareholder during the forecast period. However, the ventilators segment is expected to register a higher CAGR in the market during the forecast period.

Application Insights

Based on application, the global critical care equipment market is segmented into cardiology, pulmonology, neurology, orthopedic, and others. The cardiology segment held the largest share of the market in 2019, and the pulmonology segment is expected to register the highest CAGR during the forecast period. Cardiovascular intensive care is the systemic management of patients with severe cardiovascular disease (CVD), including vascular disease and heart disease. CVD is among the top causes of deaths worldwide. For instance, according to the World Health Organization, in 2016, an estimated 17.9 million people died from CVDs, representing 31% of deaths worldwide. Similarly, according to the Centers for Diseases Control and Prevention, about 655,000 Americans die from heart disease every year. To prevent death due to CVDs, an intensive care unit for severe CVD patients, namely, cardiovascular intensive care unit (CICU), is available in general hospitals. The technological developments of clinical cardiology, such as intracoronary interventional procedures and devices and invasive hemodynamic monitoring, are the major evolutions of intensive care for CVDs. Subsequently, the number of severe CVD patients admitted to CICU is growing every year. The patients in the CICU have many complications such as respiratory failure and renal failure. Therefore, trained medical staff is required to practice systemic intensive care.

The prominent/emerging players in the Critical Care Equipment market research include:

·         General Electric Company

·         Medtronic

·         B. Braun Melsungen AG

·         Baxter International Inc.

·         Koninklijke Philips N.V.

·         Getinge AB

·         Hamilton Medical

·         Löwenstein Medical UK Ltd.

·         Dragerwerk AG & Co. KGaA

·         Nihon Kohden Corporation

·         Fisher & Paykel Healthcare Limited.

·         Shenzhen Mindray Biomedical Electronics Co., Ltd.

·         BPL

·         Trivitron Healthcare

·         SKANRAY TECHNOLOGIES PVT LTD

·         Asahi Kasei Corporation

The Critical Care Equipment market company profiles are individually represented for all major participants and indices such as financial performance, strategic initiatives, product portfolio & company overview.

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 Company overview:

Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title "financial performance" (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (sbus) and others.

Product benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.

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The Critical Care Equipment market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

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The insight partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as semiconductor and electronics, aerospace and defense, automotive and transportation, Critical Care Equipment, healthcare it, manufacturing and construction, medical device, technology, media and telecommunications, chemicals and materials.

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This release was published on openPR.