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Data Bridge Market research has a newly released expansive study titled “Global Critical Care Equipment Market ” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and success in the market.
Critical Care Equipment Market refers to a specialized care that is given to patients who face life-threatening conditions. This type of care is given to patients who need constant monitoring and comprehensive care. The increase in the cardiovascular diseases is escalating the growth of critical care equipment market.
Critical care equipment includes a large array of equipment utilized for intensive care of the patients. Global critical care equipment market was valued at USD 4.76 billion in 2021 and is expected to reach USD 9.07 billion by 2029, registering a CAGR of 7.80% during the forecast period of 2022-2029.
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Critical care is given to patients in trauma centers or intensive care units, who are facing life-threatening conditions. These patients need constant monitoring along with comprehensive care. Major critical care equipment used in Intensive care units are pain management equipment, emergency resuscitation equipment, and patient monitoring equipment, among others.
Critical care equipment market Dynamics
Drivers
Road Traffic Accidents
The increase in the number of road traffic accidents across the globe acts as one of the major factors driving the growth of critical care equipment market. Road traffic accidents are known to be the 9th leading cause of death worldwide.
Prevalence of Cardiovascular Diseases (CVDs)
The rise in the cardiovascular diseases (CVDs), including congestive heart failure, coronary artery disease, cardiac arrest, and stroke, among others accelerate the market growth.
Geriatric Population
The presence of a large population pool over 60 years will assist in the expansion of the critical care equipment market as they have a lower immunity level. The geriatric population is prone to cardiac problems, spinal injuries, neurological diseases and cancer.
Medical Tourism
Medical tourism is growing because of the developments in healthcare infrastructure and advanced reimbursement policies.
Opportunities
Furthermore, development in the modern medical treatments facilities for patients with critical healthcare conditions extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
Medtronic increased up the production of its high-performance ventilators by 40% in April’2020. The company is pairing up with third-parties to explore other non-traditional mechanisms to escalate the production of ventilators.
Some of the major players operating in the critical care equipment market are Koninklijke Philips N.V (Netherlands), General Electric (US), Integra Life Sciences Corporation (US), Edwards Lifesciences Corporation (US), Getinge AB (Sweden), HEYER Medical AG (Germany), B. Braun Melsungen AG (Germany), Drägerwerk AG and Co. KGaA (Germany), Medtronic (Ireland), Fresenius SE and Co. KGaA (Germany), Smiths Medical, Inc. (US), NIHON KOHDEN CORPORATION. (Japan), MAQUET Holding B.V. and Co. KG (Germany), Aeonmed (China), Shenzhen Mindray Bio-Medical Electronics Co. (China), Asahi Kasei Corporation. (Japan), Fisher and Paykel Healthcare Limited (New Zealand), Löwenstein Medical UK Ltd. (UK), Hamilton Medical (Switzerland), Baxter (US) among others.
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Global critical care equipment market Scope and Market Size
Product Type
Monitoring
Patient
Application
End User
Distribution Channel
Browse the complete table of contents at – https://www.databridgemarketresearch.com/toc/?dbmr=global-critical-care-equipment-market&Shri
Critical care equipment market Regional Analysis/Insights
The critical care equipment market is analysed and market size insights and trends are provided by country, product type, type of monitoring, patient, application, end user, distribution channel as referenced above.
The countries covered in the critical care equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the critical care equipment market because of the supportive government regulations and rapid investments within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the advanced healthcare infrastructure and rapid increase in geriatric population in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The critical care equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for critical care equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the critical care equipment market. The data is available for historic period 2010-2020.
Competitive Landscape and critical care equipment market Share Analysis
The critical care equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to critical care equipment market.
FREQUENTLY ASKED QUESTIONS
Key Pointers Covered in the Critical Care Equipment Market Industry Trends and Forecast to 2026
Related Reports:
Asia-Pacific Critical Care Equipment Market Size, Shares, Trends and Industry Growth Outlook: https://www.databridgemarketresearch.com/reports/asia-pacific-critical-care-equipment-market
Europe Critical Care Equipment Market Size, Shares, Trends and Industry Growth Outlook: https://www.databridgemarketresearch.com/reports/europe-critical-care-equipment-market
Middle East and Africa Critical Care Equipment Market Size, Shares, Trends and Industry Growth Outlook: https://www.databridgemarketresearch.com/reports/middle-east-and-africa-critical-care-equipment-market
North America Critical Care Equipment Market Size, Shares, Trends and Industry Growth Outlook: https://www.databridgemarketresearch.com/reports/north-america-critical-care-equipment-market
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