Critical Care Equipment Market Outlook (2024 to 2033)

The new report published by The Business Research Company, titled ""Critical Care Equipment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the critical care equipment market size has grown strongly in recent years. It will grow from $5.43 billion in 2023 to $5.88 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The critical care equipment market size is expected to see strong growth in the next few years. It will grow to $8.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.

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Surge In Chronic Diseases Drives Growth In The Critical Care Equipment Market
An increasing number of chronic diseases is expected to propel the growth of the critical care equipment market going forward. Chronic diseases are defined broadly as conditions that last one year or longer and necessitate ongoing medical attention, and limit daily activities. Critical care equipment is used in chronic diseases to monitor patients and treat their illnesses that are operated in the intensive care unit for surgical complications, severe infections, and serious respiratory issues. Critical care equipment gives life support to the different organs in the body. For instance, according to the World Health Organization, a Switzerland-based government agency, due to chronic diseases, 41 million people died in 2022, which is equivalent to 74 percent of all deaths globally. Each year, 17 million people die from chronic diseases before age 70. By 2025, chronic diseases will affect an estimated 164 million people. Therefore, an increase in chronic diseases is driving the growth of the critical care equipment market.

Innovative Solutions Propel Growth In The Critical Care Equipment Market
Product innovation is a key trend for gaining popularity in the critical care equipment market. Major companies operating in critical care equipment are focused on developing innovative solutions to strengthen their position in the market. For instance, in January 2023, Getinge AB., a Sweden-based medical technology company launched its new product 'Servo-C mechanical ventilator'. This ventilator provides lung-protective therapeutic tools to treat both pediatric and adult patients. Its design simplifies respiratory support. The main unique features are CO2 monitoring and helps to visualize volume and pressure targets. It also offers 360-degree alarm visibility, high flow therapy, and personalized lung protection with better monitoring.

The critical care equipment market covered in this report is segmented -

1) By Product Type: Patient Monitors, Ventilators, Infusion Pumps, Sleep Apina Devices, Other Products
2) By Monitoring Type: Hemodynamic Monitoring, Vital Signs Monitoring, Neurologic Monitoring, Brain Function Monitoring, Monitoring Types
3) By Patient Type: Adult, Geriatric, Pediatric, Neonates
4) By Distribution Channel: Direct Tender, Retail Sales, Third Party Distribution, Other Distribution Channels
5) By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Other End Users

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Major companies operating in the critical care equipment market report are AKAS Medical, B. Braun Melsungen AG, BPL Medical Technologies Pvt. Ltd., Drägerwerk AG & Co. KGaA, General Electric Company, Koninklijke Philips N.V., MAQUET Holding B.V. & Co. KG, Medtronic plc, Nihon Kohden Corporation, Skanray Technologies Ltd., Smiths Medical Inc., Getinge AB, Fresenius Kabi AG, Baxter International Inc., Hamilton Medical AG, Fisher & Paykel Healthcare Limited, Abbott Laboratories, Edwards Lifesciences Corporation, ResMed Inc., Teleflex Incorporated, Becton Dickinson and Company, ICU Medical Inc., Masimo Corporation, Mindray Medical International Limited, ZOLL Medical Corporation, Hill-Rom Holdings Inc., Stryker Corporation, Terumo Corporation, Boston Scientific Corporation, Cardinal Health Inc., Johnson & Johnson Services Inc., Siemens Healthineers AG .

Contents of the report:
1. Executive Summary
2. Critical Care Equipment Market Report Structure
3. Critical Care Equipment Market Trends And Strategies
4. Critical Care Equipment Market - Macro Economic Scenario
5. Critical Care Equipment Market Size And Growth
…..
27. Critical Care Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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