Critical Care Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
The critical care devices market is projected to register notable growth owing to rising cases of chronic diseases like cancer and cardiovascular disorders. Increasing number of admissions in emergency units or intensive care units (ICU) could boost the demand for these devices.
People suffering from critical diseases like cancer require hospitalization and advanced diagnostic equipment to treat their illness. The World Health Organization (WHO) reports that cancer is one of the leading causes of death globally, recording more than 9.6 million deaths in 2018. In fact, almost 70% of cancer deaths occur in mid-and low-income nations, while one-third of cancer deaths are usually due to behavioral and dietary risks.
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The rapid spread of COVID-19 has skyrocketed the demand for healthcare devices like ventilators across several countries. Growing prevalence of chronic diseases could stimulate the need for high-quality critical care devices. According to a study conducted by GMI, the critical care devices market might surpass USD 51 billion by the year 2026.
Europe has a rich presence of prominent healthcare companies along with the state-of-the-art medical facilities. Reports suggest that the Europe critical care devices market had previously accounted for more than USD 9 billion and is predicted to observe significant growth over the forecast timeframe.
Italy alone spends almost 9.3% of its GDP on the development of healthcare infrastructure and services. Factors like advancements in the regional healthcare sector, growing prevalence of chronic diseases and increasing availability of well-equipped facilities could positively impact business outlook.
Prominent industry players like GE Healthcare, Cardinal Health, Air Liquide Medical Systems, Medtronic, Asahi Kasei Corporation, Koninklijke Philips, Becton Dickinson and Company, Fresenius Medical Care, Boston Scientific, Baxter, Dragerwerk, B. Braun, ResMed, and Getinge are mainly emphasizing on developing and launching novel instruments that provide improved patient comfort.
Adoption of such strategies would help companies to advance their global presence and geographical reach. Taking April 2020, B. Braun gained an Emergency Use Authorization (EUA) for its infusion pumps from the FDA to treat COVID-19. This authorization enabled the company to broaden its product portfolio.
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Partial Chapter of the Table of Content
Chapter 5. Critical Care Devices Market, By Application Field
5.1. Key segment trends
5.2. Renal Care
5.2.1. Market size by region, 2015 - 2026 (USD Million)
5.3.1. Market size by region, 2015 - 2026 (USD Million)
5.4.1. Market size by region, 2015 - 2026 (USD Million)
5.5.1. Market size by region, 2015 - 2026 (USD Million)
Chapter 6. Critical Care Devices Market, By End-use
6.1. Key segment trends
6.2.1. Market size by region, 2015 - 2026 (USD Million)
6.3. Ambulatory surgical centers
6.3.1. Market size by region, 2015 - 2026 (USD Million)
6.4. Specialty clinics
6.4.1. Market size by region, 2015 - 2026 (USD Million)
6.5.1. Market size by region, 2015 - 2026 (USD Million)