Critical Care Equipment Market Size to Reach USD 68,365.79 Million by 2030
Global Critical Care Equipment Market research report is fragmented in several features which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again elaborated in the report as required to define the topic and give maximum information for better decision making. The statistical and numerical data collected to generate this report is mostly denoted with the graphs, tables and charts as required which make this report more users friendly. To thrive in the global market place, choosing an excellent Global Critical Care Equipment Market report which includes market analysis based on regional and global level is imperative.
Patients admitted to an ICU may be there for varying reasons, but what they all have in common is that they need close attention and monitoring, and they need advanced equipment, often life and respiratory support.
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Data Bridge Market Research analyzes that the global critical care equipment market is expected to reach a value of USD 68,365.79 million by 2030, at a CAGR of 8.7% during the forecast period. Product type accounts for the largest type segment in the market due to the rapid demand for critical care equipment in North America. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Market Overview:
Critical equipment is essential for patient care under normal operating conditions and whose failure could cause imminent serious injury or death to patients or users. Critical care is also referred to as intensive care. It is a type of care that involves treating and managing injuries and illnesses that are very serious and may be life-threatening. Surgical complications, accident injuries, severe infections, and serious respiratory issues are a few examples of conditions that may require critical care.
Patients receiving this level of care may get better, and transition to other types of care, but many people die in critical care. The equipment used for critical care is known as critical care equipment, which includes patient monitoring devices, ICU units & systems, and therapeutic devices among others. The critical care unit or intensive care unit (ICU) is a highly specialized & dedicated unit of the hospital for patients requiring intensive monitoring of medical, surgical & patient care services. Critical care is administered in an intensive care unit, which in some places is called the critical care unit.
Drivers
- Rise in the prevalence of chronic disorders
The change in lifestyle habits, such as smoking tobacco, drinking liquor, stationary way of life, and numerous others, have raised the instances of patients experiencing constant ailment. The rising prevalence of chronic disorders is boosting the market and positively influencing the critical care equipment market.
- Rise in the geriatric population
Expanding illness trouble alongside a quickly developing geriatric populace will significantly affect the critical care equipment market. Besides, the geriatric populace is vulnerable and possesses few irresistible and constant sicknesses. The rise in the geriatric population will positively influence the market and act as a driver in the growth of the critical care equipment market.
Restraint
- Lack of skilled professionals
The lack of capable laboratory professionals is not a new story in diagnosis and healthcare. As with the increased burden of chronic diseases, the aging population and the development of healthcare insurance have increased the demand for healthcare laboratory professionals. Another reason is the lack of training sessions for the professionals.
Factors such as the retention rate, workload, and lack of certification are reasons for the lack of trained laboratory human resources, lack of education, and a relevant degree. These factors hamper the growth of the global critical care equipment market.
Recent Developments
- In September 2021, SensaCore announced the launch of ST-200 CC Blood Gas Analyzer-Ultra Smart, which is the highly advanced blood gas model of Sensacore, and it is a fully automated, microprocessor-controlled electrolyte system that uses current direct measurement with ION selective electrode (ISE), impedance (Hct), and amperometry (pO2) technology to make arterial blood gas analysis and electrolyte measurements.
- In August 2021, Dixion distribution of medical devices GMBH announced that they had successfully completed registration by the FDA. The first series of equipment, namely Operating Tables Surgery and Surgical Lights Convelar had received FDA certifications in addition to the already existing CE certification.
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The Prominent Key Players Operating in the Critical Care Equipment Market Include:
- Koninklijke Philips N.V. (Netherlands)
- General Electric (U.S.)
- Abbott (U.S.)
- Medtronic (Ireland)
- Getinge AB (Sweden)
- heyer medical AG (Germany)
- Drägerwerk AG & Co. KGaA (Germany)
- ICU Medical, Inc. (U.S.)
- Fresenius Medical Care AG & Co. KGaA (Germany)
- Boston Scientific Corporation (U.S.)
- STERIS (U.K.)
- Advin Health Care (India)
- Baxter (U.S.)
- SS TECHNOMED (P) LTD. (India)
- SCHILLER (Germany)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- Nonin (India)
- Masimo (U.S.)
- Compumedics Limited (Australia)
Critical Care Equipment Market Scope
BY PRODUCT TYPE
- Therapeutic devices
- Patient monitoring devices
- Diagnostic devices
- ICU units & systems
- Other devices
On the basis of product type, the global critical care equipment market is segmented into therapeutic devices, patient monitoring devices, diagnostic devices, ICU systems & units, and other devices.
BY PATIENT POPULATION
- Neonatal
- Pediatric
- Adults
- Geriatric
On the basis of the patient population, the global critical care equipment market is segmented into neonatal, pediatric, adults, and geriatric.
BY END USER
- Hospitals
- Specialty clinics
- Ambulatory surgical centers
- Others
On the basis of end user, the global critical care equipment market is segmented into hospitals, specialty clinics, ambulatory surgical centers, and others.
BY DISTRIBUTION CHANNEL
- Direct tender
- Retail sales
- Third party distribution
- Others
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
TOC:
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF THE GLOBAL CRITICAL CARE EQUIPMENT MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATIONS
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 DBMR TRIPOD DATA VALIDATION MODEL
2.5 MULTIVARIATE MODELING
2.6 PRODUCT TYPE LIFELINE CURVE
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.8 DBMR MARKET POSITION GRID
2.9 VENDOR SHARE ANALYSIS
2.1 MARKET END USER COVERAGE GRID
2.11 SECONDARY SOURCES
2.12 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHT
4.1 PESTEL ANALYSIS
4.2 PORTER’S FIVE FORCES
5 INDUSTRY INSIGHTS
5.1 CONCLUSION:
6 GLOBAL CRITICAL CARE EQUIPMENT MARKET: REGULATORY SCENARIO
7 MARKET OVERVIEW
8 IMPACT OF COVID-19 ON THE GLOBAL CRITICAL CARE EQUIPMENT MARKET
9 GLOBAL CRITICAL CARE EQUIPMENT MARKET, BY PRODUCT TYPE
10 GLOBAL CRITICAL CARE EQUIPMENT MARKET, BY PATIENT POPULATION
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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