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Critical Care Equipment Market 2020: Global Industry Analysis, Demand, Market Size, Trend, Development, Opportunity, Key Players and Forecast Till 2025

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Critical Care Equipment Market 2020: Global Industry Analysis, Demand, Market Size, Trend, Development, Opportunity, Key Players and Forecast Till 2025

April 08
18:25 2020
Critical Care Equipment Market 2020: Global Industry Analysis, Demand, Market Size, Trend, Development, Opportunity, Key Players and Forecast Till 2025
Global Critical Care Equipment Market – Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025

The Global Critical Care Equipment Market is estimated to grow at a CAGR of 5.88% during the forecast period 2019-2025. As per the analysis, the global market was valued at $1,423.12 Million in the year 2018 and estimated to grow to $2,123.12 Million by the end of the year 2025.

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Critical care equipment are used for patient care in critical conditions. Critical care equipment consists of emergency resuscitation and life support devices, equipment for cardiac and respiratory support, pain management devices and patient monitoring devices. It includes emergency resuscitation devices, pain management, respiratory and cardiac support, patient monitoring and other life support equipment that are designed to provide care for patients in critical conditions such as serious injuries, life-threatening illness or in case of major surgical procedure which require 24-hour care and monitoring.

Critical care equipment requires team of health care providers and specialists to operate these equipment in an intensive care unit. The Global Critical Care Equipment Market is driven by various growth factors such as increase in aging population, increasing research and development activities, growth in drug delivery activities, increase in number of health care facilities and technological advancements of various equipment are some responsible growth driving factors that positively impacts the market growth over the forecast period.  

Segmentation Overview of the Global Critical Care Equipment Market

The Global Critical Care Equipment Market is segmented on the basis of various segments such as Product Type and End Users. These market segments are further categorized into various sub-segments to study the market in detail.

The Product Type Segment of the Global Critical Care Equipment Market is Sub-Segmented into:

  • Infusion Pumps
  • Patient Monitors
  • Ventilators

The End-User Type Segment of the Global Critical Care Equipment Market is Sub-Segmented into:

  • Homes
  • Hospitals
  • Medical Centres

Geographical Overview of the Global Critical Care Equipment Market

On the basis of geographical segmentation, the global critical care equipment market was studied across North America (U.S., Canada); Europe (Germany, UK, France); Asia Pacific (China, India, Japan); Latin America (Brazil, Mexico); Middle East & Africa. As per the analysis, the North American market is dominating the global market owing to well-developed healthcare infrastructure that include high share of critical care equipment in the regional hospitals. While, the APAC region is expected to grow at fastest growth at highest CAGR due to increasing investment on healthcare infrastructure by the government organizations due to increasing cases of COVID-19 and large number of population in the region.

Key Players Insights

Koninklijke Philips N.V., General Electric Company, Fresenius Kabi, BPL Medical Technologies Pvt. Ltd., B. Braun Melsungen AG, Smiths Medical, Inc., Skanray Technologies Pvt. Ltd., Nihon Kohden Corporation, Medtronic plc, MAQUET Holding B.V. & Co. KG are some major players included in the research report study of the Global Critical Care Equipment Market.

In the current scenario, the market player are witnessing huge demand of some specific Critical Care Equipment such as those related with respiratory disease management, bedside monitors, Nasogastric Tubes, Endotracheal Tube, Ventilator and Intravenous Infusion Pump among others. Companies are under high pressure to fulfil the sudden boost in demand of these equipment owing to continuously cases of COVID-19 globally.

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