Global Critical Care Devices Market Size to Record

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Pune, India, July 28, 2022 (GLOBE NEWSWIRE) — According to MarketStudyReport, global critical care device market the size should accumulate substantial gains through the forecast duration. Improving healthcare infrastructure, availability of technologically advanced facilities, and growing demand for intensive care critical care devices are fueling the overall market size.

The research outlines the major driving forces, restraints, and opportunities to give a brief understanding of the performance behavior of the market over the study period. The report also offers a detailed competitive analysis of this business space. It also includes product portfolios, financials, distribution networks and multiple strategies of major market players.

Intensive care, often referred to as critical care, is frequently provided to patients who have been admitted to a hospital’s intensive care unit. When critical organs of the system are in danger of failing, especially in patients with life-threatening acute conditions, intensive care units successfully meet their needs.

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The goal of critical care devices is to maintain the functioning of organ systems and significantly improve the condition of the patient so that the underlying disease or injury can be effectively treated. This is done using sophisticated monitoring devices and therapeutic and diagnostic equipment.

Impact of the COVID-19 pandemic

Critical care resources are under enormous pressure as the current COVID-19 pandemic spreads around the world. The need for critical care equipment is expected to skyrocket owing to the exponential growth in the number of coronavirus patients requiring critical care, which in turn will fuel the overall market expansion.

Development of market segmentations

Based on product type, the global critical care devices market share of the hemodialysis machine segment is expected to witness a CAGR of 4.5% over the projected period owing to the increase in the geriatric population suffering from end-stage renal failure (ESRD).

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Regarding scope, the neurology segment held 14% market share in 2019 and is expected to generate modest gains on study analysis due to technological advancements.

In terms of end-use scope, the specialty clinic segment is poised to register a CAGR of 3.5% over the forecast period owing to the availability of technologically advanced products in these clinics.

Overview of the regional landscape

Geographically, the Latin America market was valued at USD 2 billion in 2019 and is expected to register a considerable growth rate throughout the study timeline owing to the growing demand for critical care devices in intensive care units in the region. The COVID-19 outbreak, improved healthcare infrastructure, and growing demand for ventilators and hospital beds are also boosting the regional market outlook.

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Global Critical Care Devices Market by Product Type (Revenue, USD Million, 2015 – 2026)

  • Infusion pumps
  • Fans
  • ECG devices
  • Multi-parameter monitoring devices
  • CRRT machines
  • Feeding probes
  • Hemodialysis machines
  • Feeding probes
  • Others

Global Critical Care Devices Market by Scope (Revenue, USD Million, 2015-2026)

  • Neurology
  • Cardiology
  • Kidney care
  • Others

Global Critical Care Devices Market by End-User Model (Revenue, USD Million, 2015-2026)

  • Ambulatory surgery centers
  • Specialized clinics
  • Hospitals
  • Others

Global Critical Care Devices Market by Regional Analysis (Revenue, USD Million, 2015-2026)

North America

Asia Pacific

Latin America

  • Mexico
  • Brazil
  • Europe
  • Spain
  • Germany
  • France
  • Italy
  • UK

Middle East and Africa

Global Critical Care Devices Market by Competitive Landscape (Revenue, USD Million, 2015 – 2026)

  • B. Braun Melsungen AG
  • Baxter International Inc.
  • Cardinal Health Inc.
  • Breas Medical AB
  • Air Liquide Medical Systems India
  • Asahi Kasei Society
  • Incorporated Teleflex
  • Ventec Life Systems
  • Q-core Medical Ltd.
  • Vyaire Medical
  • Hamilton Medical
  • Getinge AB
  • Boston Scientific Society
  • Skanray Technologies Pvt. ltd.
  • Avanos Medical Inc.
  • OSI Systems Inc.
  • Airon Company
  • Biometrix Ltd.
  • Smith’s Medical Inc.
  • Fresenius Medical Care AG & Co. KGaA
  • ICU Medical Inc.
  • Drägerwerk AG & Co. KGaA
  • Koninklijke Philips NV
  • ResMed Inc.
  • Becton, Dickinson and Co.
  • Bunnell Incorporated
  • Medtronic plc
  • General Electricity Company.

Contents:

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast Parameters

1.4. Information source

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. 360 Degree Synopsis of Critical Care Devices Industry, 2015-2026

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application area trends

2.1.4. End-Use Trends

2.1.5. Regional trends

Chapter 3. Critical Care Devices Industry Overview

3.1. Industry segmentation

3.2. Industry Landscape, 2015 – 2026

3.3. Industry impact forces

3.3.1. Growth engines

3.3.1.1. Increased demand for intensive care units due to the COVID-19 outbreak

3.3.1.2. Increase in the incidence of chronic diseases worldwide

3.3.1.3. Technological advances in intensive care

3.3.1.4. Growing demand for ventilators for better management of COVID-19

3.3.2. Industry pitfalls and challenges

3.3.2.1. Lack of qualified professionals

3.4. Analysis of growth potential

3.4.1. By product

3.4.2. By area of ​​application

3.4.3. By end use

3.5. COVID-19 impact analysis

Chapter 4. Critical Care Devices Market, By Product

4.1. Key segment trends

4.2. Infusion pumps

4.2.1. Market Size by Region, 2015 – 2026 (USD Million)

4.3. Fans

4.3.1. Market Size by Region, 2015 – 2026 (USD Million)

4.4. ECG devices

4.4.1. Market Size by Region, 2015 – 2026 (USD Million)

4.5. Multi-parameter monitoring devices

4.5.1. Market Size by Region, 2015 – 2026 (USD Million)

Chapter 5. Critical Care Devices Market, By Application Area

5.1. Key segment trends

5.2. Kidney care

5.2.1. Market Size by Region, 2015 – 2026 (USD Million)

5.3. Cardiology

5.3.1. Market Size by Region, 2015 – 2026 (USD Million)

5.4. Neurology

5.4.1. Market Size by Region, 2015 – 2026 (USD Million)

Chapter 6. Critical Care Devices Market, By End Use

6.1. Key segment trends

6.2. Hospitals

6.2.1. Market Size by Region, 2015 – 2026 (USD Million)

6.3. Ambulatory surgery centers

6.3.1. Market Size by Region, 2015 – 2026 (USD Million)

6.4. Specialized clinics

6.4.1. Market Size by Region, 2015 – 2026 (USD Million)

6.5. Others

6.5.1. Market Size by Region, 2015 – 2026 (USD Million)

Chapter 7. Critical Care Devices Market, By Region

Related report:

Critical Care Devices Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020-2026

The critical care device market is likely to register significant gains in the coming years due to evolving healthcare infrastructure, technologically advanced facilities and growing demand for intensive care critical care devices. Intensive care is also called intensive care, which is usually given to patients admitted to intensive care in a hospital. Intensive care units effectively respond to the needs of patients suffering from serious life-threatening conditions, particularly when vital system organs are at risk of failure. In a regional frame of reference, the critical care device market in Latin America was valued at over $2 billion in 2019 owing to the growing demand for critical care devices in intensive care units. It is further expected to register considerable gains due to the coronavirus epidemic, as the regional health infrastructure expands its capacity and strengthens its capacities to cope with an upsurge in the epidemic.

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