This report provides exclusive insights into the COVID-19 impact on the Critical Care Equipment Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Critical Care Equipment Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Critical Care Equipment Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on critical care equipment market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
critical care equipment market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional critical
care equipment market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
critical care equipment market. According to the report, the global critical
care equipment market is projected to grow at a CAGR of 8.7% over the forecast
period of 2019-2025.
Critical care is a specialized care given to those patients
in intensive care units or trauma centers, who are facing life-threatening
conditions and need constant monitoring as well as comprehensive care. The
critical care equipment used in intensive care units is meant for providing
care as well as monitoring round the clock. Emergency resuscitation equipment,
life support, pain management equipment, patient monitoring equipment, respiratory
as well as cardiac support equipment is the major critical care equipment used
in Intensive care units.
An aging population is a major factor driving the growth of
the global critical care equipment market. Moreover, an increase in coronary
heart-related illness owing to modern lifestyles is anticipated to further
drive demand for critical care equipment for intensive care units in hospitals.
The heavy investments in the healthcare sector provide modern medical
treatments facilities for patients with critical healthcare conditions and it
is expected to boost the growth of the market. Rising income among the
population in the emerging nations is expected to provide more healthcare
access to the people. Rising government support to the healthcare systems in
matured economies is expected to help in sustaining the growth of the critical
care equipment market. On the other hand, the higher cost of critical care
equipment is expected to restrain the growth in the global critical care
equipment market during the forecast period. However, the presence of cheaper
critical care equipment manufacturers in the market augurs well for the future
expansion of the market during the forecast period. Furthermore, technological
advancements in the healthcare industry are an important factor which is
anticipated to provides growth opportunities to the growth of the critical care
An increasing number of super-specialty and multi-specialty
hospitals to aid the increasing occurrences of chronic, as well as respiratory diseases, is expected to drive the growth of the Asia-Pacific market. Increasing
old age population, tremendous government support, and innovations in the
technology are expected to drive the growth of the market further. In Europe,
the cuts in the healthcare sector and a shortage of trained staff might affect
the growth of the market in some regions. However, due to the presence of
larger geriatric population and increasing instances of critical healthcare
conditions, the demand from the European market is expected to remain stable.
In North America, increased insurance coverage in America is expected to
provide more access for more people to the healthcare system and it is expected
to have a positive impact on the market. The emerging nations in Latin America
are expected to provide growth opportunities for major players in the global
critical care equipment market. North African countries provide opportunities
for growth for major players in the global critical care equipment market. The
availability of cheaper critical care equipment is anticipated to provide
greater accessibility to a wider population in the region during the forecast
The report on global critical care
equipment market covers segments such as product type, and end user. On the
basis of product type, the sub-markets include infusion pumps, patient
monitors, ventilators, and Other product types. On the basis of end user, the sub-markets
include hospitals, homes, and medical centers.
The report provides profiles of
the companies in the market such as Smiths Medical, Inc., Skanray Technologies Pvt.
Kohden Corporation, Medtronic plc, MAQUET Holding B.V. & Co. KG.,
Koninklijke Philips N.V., General Electric Company, Fresenius Kabi, B. Braun Melsungen
AG, and BPL Medical Technologies Pvt Ltd.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of critical care equipment market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.