Global Life Support Equipment Market By Type (Continuous Positive Airways Pressure Devices, Enteral Feeding Pump, External Heart Pump, Hemodialysis Machine, Intermittent Peritoneal Dialysis Machine, Nebulizer, Oxygen Concentrators, Phototherapy Equipment, Power Wheelchairs For Quadriplegics, Total Parental Nutrition, Ventilators), Patient (Pediatric And Neonates, Adult, Geriatric), End- User (Hospitals, Clinics, Trauma Center, Ambulatory Surgical Centers, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Life Support Equipment Market
Global life support equipment market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing healthcare expenditure and technological advancement in healthcare industry are the factor for the market growth.
Market Definition: Global Life Support Equipment Market
Life support equipment is a machine which is used in the healthcare industry supporting the functioning of different body organs and systems. There main function is to measure vital signs, brain fluid pressure, blood oxygen saturation, and track patients respiration under critical circumstances. They are used to provide support and manage the health of the patient. There are different life support equipment such as continuous positive airway pressure devices, hemodialysis machine, nebulizer, ventilators, phototherapy equipment and other.
- Increasing government support to the healthcare system will drive the market growth
- Rising aging population will also enhance the market growth
- Increasing investment in the healthcare sector acts as a market driver
- Growing income among population will also contribute as a factor for the market growth
- Increasing cases of heart diseases will also uplift the market growth in the forecast period
- High cost of the equipment will hamper the market growth
- Availability of cheaper critical care equipment in the market will also restrain the growth of the market
- Dearth of ambulatory services acts as a restricting factor for this market growth
Segmentation: Global Life Support Equipment Market
- Continuous Positive Airways Pressure Devices
- Enteral Feeding Pump
- External Heart Pump
- Hemodialysis Machine
- Intermittent Peritoneal Dialysis Machine
- Oxygen Concentrators
- Phototherapy Equipment
- Power Wheelchairs For Quadriplegics
- Total Parental Nutrition
- Pediatric And Neonates
By End- User
- Trauma Center
- Ambulatory Surgical Centers
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In October 2018, Royal Philip announced the launch of their InnoSpire Go which is the new and portable nebulizer system. This specially designed to decrease the treatment time. The main aim of the launch is to provide the patient with respiratory disease with fast and effective therapy
- In August 2017, Hamilton Medical announced the launch of their new HAMILTON-C6 which is a ventilator specially designed for the critical care. It is an integration of ease of use, mobility, compactness, and sophisticated characteristics which enables clinicians to provide the entire patient with individual, lung-protective ventilation treatment. It also have new technology IntelliSync+ which has the ability to avoid patient-ventilator asynchronies and their impact on the patients
Global life support equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of life support equipment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global life support equipment market are Patten co., Inc., Skf Motion Technologies, Life Support Systems., Medicop, BD, Baxter., BPL Medical Technologies, Getinge AB, Drägerwerk AG & Co. KGaA, GENERAL ELECTRIC COMPANY, Hamilton Medical, Koninklijke Philips N.V., Medtronic, Nihon Kohden Corporation, Skanray Technologies Pvt. Ltd, Narang Medical Limited, DEMCON Macawi Medical Systems B.V., Teleflex Incorporated among others.
Research Methodology: Global Life Support Equipment Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global life support equipment market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)