Global Critical Care Equipment Market 2022-2028

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)

The global critical care market is anticipated to grow at a significant CAGR of 9.4% during the forecast period. One of the primary factors driving the growth of the critical care equipment market is the rise in the number of road traffic incidents across the globe. Road traffic accidents are the ninth greatest cause of death across the globe. Further, the increase in cardiovascular disease(CVDs), such as congestive heart failure, coronary artery disease, cardiac arrest, and stroke, among others, is propelling the market forward.

The global critical care equipment market is segmented based on basis of equipment type, and end-user. Based on equipment type, the market is segmented into monitoring devices, life support equipment, and others. The monitoring device segment is further bifurcated into heart monitor, pulse oximeter, multi-parameter oximeter, and others. The life support equipment segment is sub-segmented into ventilators (transport ventilator and advanced ventilator), chest tubes, endotracheal tubes, and others (intravenous catheter). The other segment includes ICU pendants, infusion pumps, and crash cards. Based on the end-user, the market is further classified into hospitals, laboratories, and others (research institutes and patients’ homes). Among these, the hospital segment is expected to contribute considerably to the market growth, as several major surgeries are being conducted in the hospitals to provide patient enhanced care.

The global critical care equipment market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East and Africa, and Latin America). Due to various favorable government laws and quick investments, North America is anticipated to dominate the critical care equipment market. However, the enhanced healthcare infrastructure and rapid expansion in the senior population in Asia-Pacific are predicted to drive considerable growth during the forecast period.

The major companies serving the global critical care equipment market include B. Braun Melsungen AG, Baxter International, Inc., Becton, Dickinson and Co., BeurerGmbh, and GE Healthcare among others. These companies adopt various strategies such as partnerships, collaborations, finding a new market, or product innovations in their core competency to stay competitive in the market. For instance, in April 2020, Medtronic raised the output of its high-performance ventilators by 40%. The company is collaborating with third parties to investigate non-traditional techniques for increasing ventilator production.

Research Methodology

The market study of the global critical care equipment market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
  
• Whitepapers, research papers, and news blogs.
  
• Company websites and their product catalog.
  

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Critical Care Equipment Market Research and Analysis by Equipment Type.
  
• Global Critical Care Equipment Market Research and Analysis by End-User.
  

The Report Covers

• Comprehensive research methodology of the global critical care equipment market.
  
• This report also includes a detailed and extensive market overview with key analyst insights.
  
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  
• Analysis of regional regulations and other government policies impacting the global critical care equipment market.
  
• Insights about market determinants that are stimulating the global critical care equipment market.
  
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
  
• Extensive profiles and recent developments of market players.