Global Critical Care Equipment Industry
New Study Reports “Critical Care Equipment Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports.
Global Critical Care Equipment Market was valued at US$ 27,360.0 million in 2019 and is anticipated to witness very high growth in 2020 and would reach a market size of US$ 40,378.7 million by the end of 2020. Further the market is expected to witness a CAGR growth of 6.1% during the 2021-2026 period. Critical Care Equipment is majorly utilized for supporting the patients during surgery or in intensive critical care units. ICUs are created to look after the welfare of patients that need ventilators, blood pressure support and medication. Currently, the demand for critical care equipment such as ventilators is skyrocketed due to the exponential increase in the patients suffering from COVID-19. Patients are individually monitored with a variety of bedside physiologic monitors, and ICU rooms are designed to have redundant gas and electric sources. The world is suffering from a major crisis due to the shortage of ICU beds and other critical care equipment. Hospitals are majorly suffering from the shortage of ventilators and other breathing machines as this equipment helps COVID-19 with breathing. Usually patients need to be sedated and have a breathing tube put into their windpipe or through the neck. Numerous countries are suffering from the ICU shortage. The elderly population is a major risk due to lower immunity and additional medical conditions.
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The rapid escalation in Critical Care Equipment is mainly characterized by the accelerating influx of patients in critical care and rapidly rising cases of COVID-19. Cases of COVID-19 are increasing exponentially from just 580 cases on Jan 22 2020 to more than 5.08 million on May 20th 2020. Rising COVID-19 cases has fueled the adoption of clinical care equipment as it has spread across the world, the ICU community must prepare for the challenges associated with this pandemic. Companies that do not operate in these segments are establishing a manufacturing unit to deal with this war-like situation. For instance, In April 2020, workers at a Ford manufacturing plant set up new production lines. Ford aims at producing 1,500 ventilators by the end of the month. B. Braun Melsungen AG, Mindray Bio-Medical Electronics, Medtronic PLC, Nihon Kohden, General Electric, Getinge AB, Heyer Medical AG, Koninklijke Philips N.V., Drägerwerk AG, Integra LifeSciences Holdings Corporation are some of the prominent players operating in the Global Critical Care Equipment market. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst Product Type, Ventilator is expected to dominate the market in 2020”
Based on product type, the global critical care equipment market is segmented into the electronic patient monitor, volumetric infusion pump, defibrillator, ventilator, oxygen delivery system, anesthetic machine and other equipment. An electronic patient monitor is used for recording the vitals of the patient. Ventilators are in huge demand due to the rise of COVID-19 around the globe. Based on our estimate the ventilator segment is expected to generate revenue of US$ 12,143.7 million in 2020.
“Amongst End-User Industry, Hospitals & Clinics are anticipated to demand more of critical care equipment’s in 2020”. The expected surge in demand is expected due to the sudden outbreak of COVID-19 cases worldwide”
Based on End-User, the global critical care equipment market is segmented into hospitals & clinics, ambulatory care and home setting. Demand for critical care equipment is highest in the hospitals due to the rising COVID-19 cases. Patients suffering from COVID-19 require ventilators and other critical care equipment for supporting them during the treatment. Moreover, these equipment are majorly utilized in the Intensive Critical Unit (ICU). The hospital & clinic segment is expected to demand 80.6% of the overall critical care equipment in terms of value in 2020.
“US would represent the largest market for critical care equipment during 2020, as the US is the most affected country with the most number of +ve cases and deaths due to COVID-19”
For a better understanding of the market dynamics of the global Critical Care Equipment market, a detailed analysis was conducted for different countries including the US, Spain, Italy, Germany, France, UK, Turkey, Iran, Russia, India and the rest of the world. United States has witnessed the highest number of cases and deaths due to COVID-19. As of 20th May 2020, the US has recorded 1.59 million COVIUD-19 cases with 94,936 deaths due to the disease.
Competitive Landscape
Some of the major companies analyzed in the study include B. Braun Melsungen AG, Mindray Bio-Medical Electronics Co., Ltd, Medtronic PLC, Nihon Kohden Inc., GE Healthcare, Getinge AB, Aeonmed, Royal Philips NV, Dragerwerk AG and Integra LifeSciences. Owing to the sudden COVID-19 outbreak these companies have increased their overall production of critical care equipment to fulfill the increased demand for this equipment globally.
Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry
Customization Options:
Critical Care Equipment Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
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Some points from table of content:
1. MARKET INTRODUCTION 14
2. RESEARCH METHODOLOGY OR ASSUMPTION 16
3. INDUSTRY PERFORMANCE 18
4. EXECUTIVE SUMMARY 19
5. MARKET OVERVIEW 22
6. DEMAND AND SUPPLY SIDE ANALYSIS 26
7. CRITICAL CARE EQUIPMENT VALUE CHAIN 37
9. MARKET INSIGHTS BY END-USER 48
10. MARKET INSIGHTS BY COUNTRY 53
11. COMPETITIVE SCENARIO 76
11.1 Competitive Landscape 76
11.1.1 Market Share of Key Players in Critical Care Equipment Market, 2019 76
12. TOP COMPANY PROFILES 78
12.1 B. Braun Melsungen AG 78
12.1.1 Key Facts 78
12.1.2 Business Description 78
12.1.3 Key Product/Services Offerings 79
12.1.4 Growth Strategy 79
12.1.5 SWOT Analysis 80
12.1.6 Key Financials 81
12.1.6.1 Revenue Split 82
12.1.7 Recent Developments 82
12.1.7.1 Product Launches 82
12.1.7.2 Partnerships 83
12.1.7.3 Business Expansions and Investment 83
12.1.7.4 Mergers and Acquisitions 83
12.2 Mindray Bio-Medical Electronics Co., Ltd 85
12.2.1 Key Facts 85
12.2.2 Business Description 85
12.2.3 Key Product/Services Offerings 86
12.2.4 Growth Strategy 86
12.2.5 SWOT Analysis 86
12.2.6 Key Financials 87
12.2.7 Recent Developments 88
12.2.7.1 Product Launches 88
12.2.7.2 Partnerships 88
12.2.7.3 Business Expansions and Investment 89
12.2.7.4 Mergers and Acquisitions 89
12.3 Medtronic PLC 90
12.3.1 Key Facts 90
12.3.2 Business Description 91
12.3.3 Key Product/Services Offerings 91
12.3.4 Growth Strategy 93
12.3.5 SWOT Analysis 94
12.3.6 Key Financials 95
12.3.6.1 Revenue Split 96
12.3.7 Recent Developments 96
12.3.7.1 Product Launches 96
12.3.7.2 Partnerships 100
12.3.7.3 Business Expansions and Investment 100
12.3.7.4 Mergers and Acquisitions 101
12.4 Nihon Kohden Inc. 103
12.4.1 Key Facts 103
12.4.2 Business Description 103
12.4.3 Key Product/Services Offerings 104
12.4.4 Growth Strategy 104
12.4.5 SWOT Analysis 105
12.4.6 Key Financials 106
12.4.6.1 Revenue Split 107
12.4.7 Recent Developments 107
12.4.7.1 Product Launches 107
12.4.7.2 Business Expansions and Investment 108
12.5 GE Healthcare 109
12.5.1 Key Facts 109
12.5.2 Business Description 109
12.5.3 Key Product/Services Offerings 110
12.5.4 Growth Strategy 111
12.5.5 SWOT Analysis 112
12.5.6 Key Financials 113
12.5.6.1 Revenue Split 114
12.5.7 Recent Developments 114
12.5.7.1 Partnerships 114
12.5.7.2 Business Expansions and Investment 115
12.5.7.3 Mergers and Acquisitions 116
12.6 Getinge AB 117
12.6.1 Key Facts 117
12.6.2 Business Description 118
12.6.3 Key Product/Services Offerings 119
12.6.4 Growth Strategy 120
12.6.5 SWOT Analysis 120
12.6.6 Key Financials 121
12.6.6.1 Revenue Split 122
12.6.7 Recent Developments 122
12.6.7.1 Product Launches 122
12.6.7.2 Partnerships 123
12.6.7.3 Business Expansions and Investment 124
12.7 Aeonmed 125
12.7.1 Key Facts 125
12.7.2 Business Description 125
12.7.3 Key Product/Services Offerings 126
12.7.4 Growth Strategy 126
12.7.5 SWOT Analysis 127
12.7.5.1 Business Expansions and Investment 127
12.7.5.2 Mergers and Acquisitions 127
12.8 Royal Philips NV 128
12.8.1 Key Facts 128
12.8.2 Business Description 128
12.8.3 Key Product/Services Offerings 129
12.8.4 Growth Strategy 129
12.8.5 SWOT Analysis 130
12.8.6 Key Financials 131
12.8.6.1 Revenue Split 132
12.8.7 Recent Developments 132
12.8.7.1 Product Launches 132
12.8.7.2 Partnerships 133
12.8.7.3 Business Expansions and Investment 134
12.8.7.4 Mergers and Acquisitions 135
12.9 Dragerwerk AG 136
12.9.1 Key Facts 136
12.9.2 Business Description 137
12.9.3 Key Product/Services Offerings 137
12.9.4 Growth Strategy 138
12.9.5 SWOT Analysis 138
12.9.6 Key Financials 139
12.9.6.1 Revenue Split 140
12.9.7 Recent Developments 140
12.9.7.1 Product Launches 140
12.9.7.2 Partnerships 141
12.9.7.3 Mergers and Acquisitions 141
12.10 Integra LifeSciences 142
12.10.1 Key Facts 142
12.10.2 Business Description 142
12.10.3 Key Product/Services Offerings 142
12.10.4 Growth Strategy 143
12.10.5 SWOT Analysis 144
12.10.6 Key Financials 145
12.10.6.1 Revenue Split 146
12.10.7 Recent Developments 146
12.10.7.1 Partnerships 146
12.10.7.2 Mergers and Acquisitions 146
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