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Critical Care Equipment - Global Market Trajectory & Analytics

  • ID: 4804613
  • Report
  • April 2021
  • Region: Global
  • 244 Pages
  • Global Industry Analysts, Inc
Global Critical Care Equipment Market to Reach $17.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Critical Care Equipment estimated at US$11.8 Billion in the year 2020, is projected to reach a revised size of US$17.6 Billion by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027. Patient Monitors, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$5.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ventilators segment is readjusted to a revised 6.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 5.5% CAGR

The Critical Care Equipment market in the U.S. is estimated at US$3.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Infusion Pumps Segment to Record 5.4% CAGR

In the global Infusion Pumps segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$2.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2 Billion by the year 2027.

Select Competitors (Total 46 Featured):
  • AKAS Medical
  • B. Braun Melsungen AG
  • BPL Medical Technologies Pvt., Ltd.
  • Dragerwerk AG & Co. KGaA
  • Fresenius Kabi AG
  • General Electric Company
  • Koninklijke Philips NV
  • MAQUET Holding B.V. & Co. KG
  • Medtronic PLC
  • Nihon Kohden Corporation
  • Skanray Technologies Pvt. Ltd.
  • Smiths Medical
Frequently Asked Questions about the Global Market for Critical Care Equipment

What is the estimated value of the Global Market for Critical Care Equipment?

The Global Market for Critical Care Equipment was estimated to be valued at $11.8 Billion in 2020.

What is the growth rate of the Global Market for Critical Care Equipment?

The growth rate of the Global Market for Critical Care Equipment is 5.9%, with an estimated value of $17.6 Billion by 2027.

What is the forecasted size of the Global Market for Critical Care Equipment?

The Global Market for Critical Care Equipment is estimated to be worth $17.6 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
  • Hospitals to Go Through Transformation Post COVID-19 Pandemic
  • Surge in COVID-19 Cases Poses Challenges to Rural Hospitals
  • Balancing Supply Chain of Medical Equipment during COVID-19: The Greatest Challenge
  • An Introduction to Critical Care Equipment
  • Patient Monitors
  • Ventilators
  • Infusion Pumps
  • Sleep Apnea Devices
  • Global Market Prospects & Outlook
  • PorTable Ventilators Gain Popularity
  • Cardiology, the Largest Application Market
  • North America Leads while Asia Grows the Fastest
  • Middle East and Africa Markets: A Brief Overview
  • Competition
  • Key Developments in the Market
  • Increase in Chronic Diseases to Drive Growth
  • Rise in Healthcare Expenditure Propels Demand
  • Challenges in Medical Equipment Manufacturing
  • Challenges in Intensive Care Management of COVID-19

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown