The Critical Care Equipment by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033)
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According to The Business Research Company’s Critical Care Equipment, 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 growth in the historic period can be attributed to healthcare infrastructure, regulatory environment, disease patterns, economic factors, patient preferences
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%. The growth in the forecast period can be attributed to innovation and r&d, global health threats, value-based healthcare, emerging markets growth, climate and environmental impact. Major trends in the forecast period include technological advancements, remote patient monitoring, personalized medicine and customization, global health events preparedness, data security and privacy,
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Critical Care Equipment Market Characteristics
3. Critical Care Equipment Market Trends And Strategies
4. Critical Care Equipment Market – Macro Economic Scenario
5. Global Critical Care Equipment Market Size and Growth
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26. South America Critical Care Equipment Market
27. Brazil Critical Care Equipment Market
28. Middle East Critical Care Equipment Market
29. Africa Critical Care Equipment Market
30. Critical Care Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- AKAS Medical
- B. Braun Melsungen AG
- BPL Medical Technologies Pvt. Ltd
- Drägerwerk AG & Co. KGaA
- General Electric Company
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