Global Critical Care Equipment Market is expected to grow at a CAGR of 7.25% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Critical Care Equipment Market By Type (Infusion Pumps, Patient Monitors, Ventilators, Blood Warmer, Infusion Pump, Anaesthesia Machine, Other), By End User (Hospitals, Clinics, home, Medical Centres, Others) By Application (Surgeries, Atrial Fibrillation, Coronary Angioplasty, Pulmonary, Embolism, Acute Coronary Syndrome, Others), Regions And Global Forecast 2020-2027.
The global critical care equipment market is expected to grow from USD 3.75 billion in 2019 to USD 6.56 billion by 2027, at a CAGR of 7.25% during the forecast period 2020-2027. The market is segregated into North America, Europe, Asia Pacific and Rest of the World. The North America region holds the influential market share due to its rapid increase in ageing population and advanced healthcare infrastructure, further the area also has huge predominance rate of coronary artery diseases. The Asia pacific market is foreseen to grow at fast rate in determined period due to supportive government policies, rapid investments and development of large number of hospitals in the region. Europe region follows North America in market share because of its healthcare foundations and rising number of ageing population. The MEA region expected to rise as emerging market of the critical care equipments as the massive investments has been done in infrastructure and in research and development.
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The most proficient players of the critical care equipment are Skanray Technologies, BPL Medical Technologies Pvt Ltd, Smith’s Medical, Fresenius Kabi, B. Braun Melsungen AG, MAQUET Holding B.V. & Co. KG.
Canada demands manufacturers to shift production into critical medical equipments for pandemic disease: The Government is in consultations with Canadian manufacturers on how they could step in to fill critical lacks of medical critical equipments supplies required to resist the coronavirus, including the feasibility of shifting over their production lines from goods such as auto parts.
The critical care equipment segmented based on product type, which includes infusion pumps, patient monitors, ventilators, blood warmer, infusion pump, anaesthesia machine, other. The patient monitor has the largest share in product type as it demanded in the emerging economies of the Asia-Pacific region. Ventilators and infusion pump are the growing at higher rate among the segment. Based on end users, the critical care equipment market includes hospitals, clinics, home and others. The hospitals have the most substantial share in this segment; however, the home sub segment is rising with higher CAGR; as disposable income of the people is increasing. The applications segment includes surgeries, atrial fibrillation, coronary angioplasty, pulmonary, embolism, acute coronary syndrome, others. The surgery is the widely used application of these equipments having the largest share of the market. The atrial fibrillation is expected to grow in the forecasted years as number of heart patients are rising day by day.
About the report:
The global Critical Care Equipment market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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