Global Critical Care Devices
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The critical care devices market was valued at $5.6 billion in 2022 and is projected to be $ 8.6 billion till 2030 during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Critical Care Devices Market Sales Revenue 2022 | $ 5.6 Billion |
Global Critical Care Devices Market Sales Revenue 2030 | $ 8.6 Billion |
Market Split by Type |
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Market Split by Application |
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Market Split by End-user |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Critical Care Devices Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Critical care is medical attention for patients with illness and injuries that pose a life-threatening threat. Usually, an intensive care unit is the setting. CCU equipment is made to take care of patients who need round the clock monitoring and care. This includes equipment for patient monitoring, pain management and respiratory and cardiac support. It also includes life support and emergency resuscitation tools. Acute care physiologic monitoring system that continuously measures vital signs, pulse oximeter that monitor blood oxygen saturation, intracranial pressure monitors that gauge fluid pressure in the brain and apnea monitors that continuously monitor breathing to detect cessation in infants and adults at risk of respiratory failure all example of patient monitoring equipment. Infusion pumps to administer anaesthesia, medications and blood infusions, crash carts containing emergency resuscitation tools like defibrillators, airway intubation devices and resuscitation mask and intra-aortic balloon pumps used for patient with myocardial infarction, unstable angina and other life-threatening condition are among the equipment used in the CCU for life support and emergency resuscitation.
Obesity and cardiovascular disease are on the rise due to an increasing sedentary lifestyle and linked behaviours including smoking, drinking and using tobacco. The world health organization estimates that cancer will be responsible for almost 10 million deaths worldwide in 2020, making it the second most common cause of death globally. Additionally, a large percentage of cancer deaths nearly 70% occur in low and dietary and behavioural hazards account for one third of cancer mortality in middle income nations. Therefore, it is predicted that such a significant increase in disease incidence will accelerate the expansion of the critical care devices.
Governments all over the world are also launching programmes aimed at treating and preventing conditions including cancer, pneumonia and cardiovascular illness which is further fostering a favourable growth prognosis for the critical care equipment sector. The integrated global action plan for pneumonia and diarrhoea , was launched by UNICEF and WHO with the intention of accelerating pneumonia control and prevention, safeguarding and treating pneumonia in children. By 2025, the goal is to lower the rate of paediatric pneumonia mortality to less than 3 per 1000 people. The integrated programme also aims to expand the accessibility of critical care equipment in underdeveloped nations. Therefore, this results in increasing the critical care device market.
Every area of medicine, including surgery, orthopaedics, chest medicine and other, need equipment. The patient's external breathing support requires mechanical devices like ventilators. Additionally, the equipment maintenance drive-up all-over cost. The cost is intensive in India including highly skilled medical personnel. Is estimated to be roughly USD 67.17 per day by the Supervasi foundation. Additionally, each hospital ICU department should ideally contain 2 to 5 pieces of critical care devices, however due to the expensive cost of the equipment system and high maintenance cost of the units in developing nations or rural regions, the growth of the field is hampered.
Better critical care is made possible by expanding healthcare infrastructure, accelerated recovery and return to regular life. Additionally, as healthcare spending rises, more individuals are becoming aware of desiring and needing modern critical care technology as well as having their health diagnosed for prevention and treatment. Increasing healthcare spending on critical care treatment encourages patients to receive advanced care without trouble for more accurate diagnosis and quick recovery. Self-pay or a combination of government spending on welfare programmes, health insurance and non-government organization activities makeup the majority of health spending. As a result, the market is seeing increased demand as consumers return to their regular lives more quickly. A rise in healthcare spending results in the adoption of cutting edge technologies, goods and equipment and improved critical care of patients that speed up recovery. Faster recovery and return to regular life are therefore anticipated to create opportunities for expanding the need for critical equipment globally.
As the SARS-CoV-2 virus affects the respiratory system, the COVID-19 outbreak is projected to have a favourable effect on the market for critical care unit equipment. A patient's ability to breathe is hampered when they are infected, which increases the demand for different medical services, such as intensive care units (beds and ventilators), as well as personal protective equipment for healthcare. One New York hospital apparently tried to treat two patients per ventilator out of desperation, according to "The New York Times". These news stories demonstrate how quickly the COVID-19 outbreak increases the need for intensive care unit equipment. The COVID-19 infection is linked to respiratory failure and necessitates ventilator assistance in critical care. For very unwell COVID-19 patients, mechanical ventilation has frequently been used to oxygenate the body.
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Piramal Enterprise launched MITIGO:
In order to treat intractable chronic pain, Piramal Enterprises Limited (PEL) introduced MITIGO (Morphine Sulphate Injection, USP - Preservative-free) on the U.S. market in concentrations of 10 mg/mL and 25 mg/mL.
Baxter International acquired Hillstrom:
Hillstrom offers an exceptionally complementary product line and innovation pipeline that will allow Baxter to offer a wider range of medical products and services to patients and clinicians globally and across the care continuum, enabling the delivery of patient- and customer-centered healthcare that is geared towards enhancing clinical outcomes.
Top Companies Market Share in Critical Care Devices Industry: (In no particular order of Rank)
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North America dominates the critical care device market. This is mostly related to an increase in cases of illnesses such as chronic kidney disease, cancer, hypertension, and hypoxia, which in more severe circumstances also call for intensive care in the ICU. The market is expanding as a result of factors including the growing elderly population, who are particularly vulnerable to cancer and chronic cardiac illnesses, as well as a complex reimbursement system that attempts to contain costs. As a result, these elements fuel market expansion. Additionally, the U.S. is likely to contribute a sizable portion of the regional market and to fuel the expansion of the market for critical care equipment throughout the course of the forecast period. Market expansion is anticipated to be fuelled by the existence of a well-established healthcare infrastructure, strong purchasing power, and an increase in the adoption rate of critical care unit equipment. The leading competitors in this region also use product launches, mergers, acquisitions, and other business strategies to accelerate the market's expansion.
The current report Scope analyzes Critical Care Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Critical Care Devices Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Critical Care Devices Industry growth. Critical Care Devices market has been segmented with the help of its Type, Application End-user, and others. Critical Care Devices market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By type, the critical care device market is segmented into CCU, NICU and others. The Paediatric division has attracted a lot of interest, and the Paediatric ICU is being employed extensively in the industry. The primary growth factors in this industry are safety, reduced health risks to children, and improved therapy. The rise in the incidence of chronic illnesses and infectious diseases in children, such as leukaemia, diphtheria, mumps, measles, asthma, anaemia, tuberculosis, chickenpox, Lyme disease, whooping cough, and pneumonia, is one of the main factors contributing to the expansion of paediatric intensive care units. The rise of the paediatric intensive care unit (ICU) is fuelled by the government's higher investment in research and development programmes to create the paediatric medical infrastructure as well as the rising demand for devices largely utilised in cardiology, newborn intensive care unit (ICU), and monitoring.
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Based on application the critical care device market is segmented into cardiology, respiratory, oncology, trauma and others. Respiratory segment has the highest market growth. Due to the increase in the number of patients being admitted with pulmonary disease to intensive care units and the widespread use of pulse oximeters and ventilators, the respiratory segment generates the most revenue. Growth of the respiratory segment is further boosted by an increase in the number of serious instances of respiratory diseases like asthma, bronchitis, pneumonia, hypoxia and lung cancer.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Critical Care Devices market report 2024 Edition by contacting our team.
Based on the end user the critical care device market is segmented into hospital, ambulatory surgical centres and speciality clinics. Due to increase in patient admission, an increase in the number of intensive care units, the presence of cutting-edge intensive care unit equipment and a well-trained nursing staff, the hospital segment contributes most of the revenue to the market. and is predicted to experience the highest CAGR during the forecast period. The expansion of the hospital segment in the market for critical care devices is also aided by the increase in healthcare spending and the occurrence of premature birth.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Critical Care Devices Market is witnessing significant growth in the near future.
In 2023, the CCU segment accounted for noticeable share of global Critical Care Devices Market and is projected to experience significant growth in the near future.
The Cardiology segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies B.Barun Melsungen AG , Edward Lifescience corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | CCU, NICU, Others |
Application | Cardiology, Respiratory, Oncology, Trauma, Others |
End-user | Hospital, Ambulatory care centre, Speciality clinics |
List of Competitors | B.Barun Melsungen AG, Baxter International Inc, Edward Lifescience corporation, getting ab, Medtronic, Bio Product Laboratory |
This chapter will help you gain GLOBAL Market Analysis of Critical Care Devices. Further deep in this chapter, you will be able to review Global Critical Care Devices Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Critical Care Devices Market Trends North America Critical Care Devices Technological Road Map North America Critical Care Devices Market Drivers North America Critical Care Devices Market Restraints North America Critical Care Devices Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End-user Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Critical Care Devices market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why CCU have a significant impact on Critical Care Devices market? |
What are the key factors affecting the CCU and NICU of Critical Care Devices Market? |
What is the CAGR/Growth Rate of Cardiology during the forecast period? |
By type, which segment accounted for largest share of the global Critical Care Devices Market? |
Which region is expected to dominate the global Critical Care Devices Market within the forecast period? |
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