Global Critical Care Equipment Market is Driven by the Advanced Developments in Multi-Parameter Monitors and Increase in the Number of Health Care Facilities Across the Globe

Global Critical Care Equipment Market is projected to register a substantial CAGR of 7.3% in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

Critical Care Equipment Market

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Drivers: Global Critical Care Equipment Market

  • Advanced development in multi-parameter monitors
  • Increase in number of health care facilities across the globe

Restraints:

  • High cost of equipment
  • Usage of refurbished patient monitors

Opportunity:

  • Rising demand for home-use and remote patient monitoring devices

Challenge:

  • Stringent regulatory policies

Market Trends:

Global critical care equipment market is segmented into six notable segments which are product type, type of monitoring, patient, application, end user and distribution channel.

  • On the basis of product type, the market is segmented into ventilators, patient monitors, infusion pump, sleep apnea devices, blood warmer, anesthesia machine and defibrillator. In 2019, patient monitors segment is expected to dominate the market with the largest market share due to increasing demand of patient monitors devices used in critical conditions of the patient.
  • On the basis of type of monitoring, the market is segmented into brain function monitoring, vital signs monitoring, neurologic monitoring and hemodynamic monitoring
  • On the basis of patient, the market is segmented into pediatric and neonates, adult and geriatric. In 2019, adult segment is expected to dominate the market with the largest market share due to rising chronic diseases among the adults as compare to geriatric, pediatric and neonates.
  • On the basis of application, the market is segmented into deep vein thrombosis, pulmonary embolism, acute coronary syndrome, atrial fibrillation, hemodialysis, coronary angioplasty and surgeries
  • On the basis of end-user, the market is segmented into hospitals, ambulatory surgical centers, clinics, homecare setting, trauma center and others
  • On the basis of distribution channel, the market is segmented into direct tenders and distributor & tender. In 2019, direct tenders segment is expected to dominate the market with the largest market share because direct supply of the devices from manufacturer provides cost benefits to the end user

Major PlayersGlobal Critical Care Equipment Market

Some of the major players operating in the global critical care equipment market are Koninklijke Philips N.V., GENERAL ELECTRIC, Medtronic, B. Braun Melsungen AG, Drägerwerk AG & Co. KGaA, Edwards Lifesciences Corporation, Fresenius SE & Co. KGaA, Getinge AB, HEYER Medical AG, Integra LifeSciences Corporation among others.