Koninklijke Philips N.V., GENERAL ELECTRIC and Medtronic are Dominating the Global Critical Care Equipment Market in 2018

Global Critical Care Equipment Market is expected to grow at a substantial CAGR of 7.3% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:

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Global critical care equipment market is a fragmented market which includes key players and local players. The market is growing owing to the favorable market scenario. The market has a prominent growth in upcoming years due to rise in the ageing population and an increase in rate of chronic diseases and increase in number of health care facilities across the globe.

The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand. For instance, In May 2019, Koninklijke Philips N.V. and the U.S. based Emory Healthcare announced to launch a new monitoring program for remote Intensive Care Unit (eICU). This new monitoring program focuses on improving outcomes of the critical patients and proceeding the globalization of critical care.

Koninklijke Philips N.V. has dominated the global critical care equipment market. The other key players existing in the market includes 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.

Koninklijke Philips N.V.

Koninklijke Philips N.V. is headquartered in Amsterdam, The Netherlands and was founded in 1891. The company is engaged in offering diagnostic imaging, patient monitoring, image-guided therapy and health informatics and also solutions in consumer health and home care. The company operates through four business segments which include diagnosis & treatment businesses, personal health businesses, connected care & health, other in which connected care & health is the market focused segment. The product categories of the company include for consumers, for professionals in which for professionals is market focused category. The company has approx. 77,400 employees as of December 31, 2018.

  • In May 2016, Koninklijke Philips N.V. launched products that include the Children’s Respiration Monitor, the Air Purifier Series 3000 and Air Purifier Series 6000. After the launch of new product the company enhances their product portfolio.

The company has global networks through direct sales representatives and distributors in Europe, America, Asia-Pacific, Middle East and Africa. Its subsidiaries are Philips GmbH (Germany), Philips Consumer Lifestyle B.V. (Netherlands), Philips Medical Systems Nederland B.V. (Netherlands), Philips Ultrasound, Inc. (U.S.), Philips Oral Healthcare, LLC (U.S.) among others.

GENERAL ELECTRIC

General Electric is headquartered in Massachusetts, U.S. was founded in 1892. The company is focused on combining world-class engineering with software, manufacturing, materials science and data analytics to deliver high value to customers. The company operates through eight business segments which are power, renewable energy, aviation, oil & gas, healthcare, transportation, lightings and capital. Healthcare is the market focused segment. The product categories of the company include GE Additive, GE Aviation, GE Capital, GE Digital, GE Healthcare, GE Lighting, GE Power, GE Renewable Energy, GE Research in which GE Healthcare is the market focused category. The company has approx. 283,000 employees as of December 2018.

  • In September 2019, Super Resolution Microscope was launched by GENERAL ELECTRIC to facilitate fast, deep and clear images over a larger range of applications for a long period of time. The launch of microscope facilitated the ever increasing need to see minute details in cells. The edge was enhanced and focused to measure the out-of-focus-light in line scanning confrontable traditional images.

The company has global networks through direct sales representatives and distributors in Europe, Americas, Asia-Pacific, Middle East and Africa. Its subsidiaries are GE Capital or Financial Services (U.S.), GE Healthcare (U.S.), General Electric Capital Corporation or GECC (U.S.), GE Industrial (U.S.), GE Capital Global Holdings, LLC (U.S.), Baker Hughes (U.S.) among others.

Medtronic

Medtronic is headquartered in Dublin, Ireland was founded in 1949. The company is engage in providing medical technology at global level. The company operates through four business segments which are cardiac and vascular group, minimally invasive therapies group, restorative therapies group, diabetes group. Minimally invasive therapies group is the market focused segment. The product categories of the company include advanced surgical technology, cardiac rhythm, cardiovascular, diabetes, digestive & gastrointestinal, ear, nose & throat, general surgery, neurological, oral maxillofacial & dental, patient monitoring, renal care, respiratory, spinal & orthopedic, tumor management, urological & women’s health in which patient monitoring and general surgery are the market focused categories. The company has approx. 86,000 employees as of 27 April 2018.

  • In September 2016, Medtronic announced the clinical data from Onyx Globe Data to represent the multi centre, randomized clinical outcomes in nearly 2000 high bleeding patients. The study provides advances for physicians to determine DAT followed by PCI among high bleeding patients. The evidence for the approval of the product was to help clinicians respond to the needs of better clinical practice. By this approval the company enhances their product portfolio.

The company has global networks through direct sales representatives and distributors in North America, Asia-Pacific, Europe, Middle East and Africa. Its subsidiaries are Covidien (Dublin), Titan Spine, Inc. (U.S.), Given Imaging (Israel), Nutrino Health Ltd (Israel), TyRx Pharma Inc. (U.S.) among others.