The critical care equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Critical Care Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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, .
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Scope Of Critical Care Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Critical Care Equipment Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
North America was the largest region in the critical care equipment market in 2023. The regions covered in the critical care equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the critical care equipment market report are AKAS Medical, B. Braun Melsungen AG, BPL Medical Technologies Pvt. Ltd., Drägerwerk AG & Co. KGaA, General Electric Company, Koninklijke Philips N.V., MAQUET Holding B.V. & Co. KG, Medtronic plc, Nihon Kohden Corporation, Skanray Technologies Ltd., Smiths Medical Inc., Getinge AB, Fresenius Kabi AG, Baxter International Inc., Hamilton Medical AG, Fisher & Paykel Healthcare Limited, Abbott Laboratories, Edwards Lifesciences Corporation, ResMed Inc., Teleflex Incorporated, Becton Dickinson and Company, ICU Medical Inc., Masimo Corporation, Mindray Medical International Limited, ZOLL Medical Corporation, Hill-Rom Holdings Inc., Stryker Corporation, Terumo Corporation, Boston Scientific Corporation, Cardinal Health Inc., Johnson & Johnson Services Inc., Siemens Healthineers AG .
Table of Contents
1. Executive Summary
2. Critical Care Equipment Market Report Structure
3. Critical Care Equipment Market Trends And Strategies
4. Critical Care Equipment Market – Macro Economic Scenario
5. Critical Care Equipment Market Size And Growth
…..
27. Critical Care Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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