The global critical care equipment market is anticipated to grow at a considerable CAGR of 9.4% during the forecast period. The factor contributing to the growth of the critical care equipment market is a rise in the prevalence of COVID-19 patients and the number of diabetic patients and smokers. Moreover, due to COVID-19, there is an increase in the number of viral infections and bacteria which is the main cause of heart disease. In addition, companies are strategically increasing their product portfolios and production facility to meet the demand during the pandemic and to grow in the market through acquisition and partnership. For instance, in May 2021, Medtronic launched the largest R&D center outside of the U.S in India. The Medtronic Engineering and Innovation Centre (MEIC) is launched in Hyderabad. In 2020, Medtronic invested $160 million to expand the MEIC, which first opened in 2011. Additionally, in July 2020, Nihon Kohden announced that the company reached the targeted production capacity expansion at the Tomioka Production Centre. The company is planning to increase the production of ventilators and patient monitors to meet increased demand due to the COVID-19 pandemic, at the request of the Japanese government.
Browse the full report description of “Global Critical Care Equipment Market Size, Share & Trends Analysis Report by Equipment Type (Monitoring Devices, Life Support Equipment, and Others), and by End-Users (Hospitals, Laboratories, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/critical-care-equipment-market
Furthermore, in November 2020, Tandem Diabetes Crae, Inc. received approval for a t: slim X2 insulin pump with Control-IQ technology from Health Canada. In May 2021, Smiths Medical partnered with Ivenix, Inc. to offer a comprehensive suite of infusion management solutions to meet healthcare needs. In May 2020, Baxter International Inc. received CE marking and regulatory approval from Australia’s Therapeutic Goods Administration (TGA) for the Evo IQ Syringe Infusion System. Furthermore, in April 2021, Getinge made its heart-lung machine HL 40 available for European Hospitals. The machine is designed to increase safety and ensure maximum uptime in cardiac surgery.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Equipment Type
o By End-users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Critical Care Equipment Market Report Segment
By Equipment Type
• Monitoring Devices
o Heart Monitor
o Pulse Oximeter
o Multi-Parameter Oximeter
o Others (Arterial Line)
• Life Monitoring Devices
o Ventilator
o Transport Ventilator
o Advanced Ventilator
o Chest Tubes
o Endotracheal Tubes
o Others (Intravenous Catheter)
• Others (ICU Pendants, Infusion Pumps, Crash Cards)
By End-Users
• Hospitals
• Laboratories
• Others (Research Institutes, Patient’s Home)
Global Critical Care Equipment Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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