Critical Care Equipment Market
Global Critical Care Equipment Market Size, Share & Trends Analysis Report by Equipment Type (Monitoring Devices, Life Support Equipment, and Others), and by End-Users (Hospitals, Laboratories, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global critical care market is anticipated to grow at a significant CAGR of 9.4% during the forecast period. Critical care equipment includes a large array of equipment used for critical and intensive care of patients. Equipment such as heart monitors, pulse oximeters, infusion pumps, and ventilators are vital for providing better care and treatment to patients. The major driving factor for the growth of the critical care equipment market is an increase in the prevalence of heart disease including cardiovascular disease and the rising geriatric population. According to World Health Organisation, it accounted for one of the top ten causes of death worldwide and more people die from CVDs than any other cause. The risk factor for the cardiovascular disease involves high blood pressure, physical inactivity, a non-healthy diet, high blood lipids, and being overweight. Consumption of alcohol and tobacco is also considered a risk factor for cardiovascular disease. According to the world health organization (WHO), 17.9 million people die from cardiovascular disease every year.
Another major factor contributing to the growth of the critical care equipment market is the growing investment and funding in R&D for technical advancement in equipment to provide critical care to patients of all levels of income. Moreover, the growing number of ICU beds due to the high prevalence of COVID-19 will continue to grow in the market. Initially, the disease did not cause any serious infection to the lungs but the second wave of COVID-19 causes some serious internal infection and effect on overall health which led to the demand for ICU beds. Also, the increased investment by the government to set up hospitals, and equipment in hospitals in emerging economies will contribute to the growth of the market.
Impact of COVID-19 Pandemic on Global Critical Care Equipment Market
The global critical care equipment market is hit by the outbreak of COVID-19 since December 2019. It has a sudden and dramatic impact on healthcare. The pandemic has had an impact on how people function and how different surgical procedures are performed. Many practices are affected due to COVID-19. However, the demand for equipment increased due to COVID-19 as patients with serious conditions were hospitalized and patients having mild symptoms or infections were isolated at home with necessary equipment arrangements. Despite the restrictions on going out and lockdown, the demand for equipment such as ICU beds and supportive equipment to treat severe cases increased in various countries.
Segmental Outlook
The global critical care equipment market is segmented based on basis of equipment type, and end-user. Based on equipment type, the market is segmented into monitoring devices, life support equipment, and others. The monitoring device segment is further bifurcated into heart monitor, pulse oximeter, multi-parameter oximeter, and others. The life support equipment segment is sub-segmented into ventilators (transport ventilator and advanced ventilator), chest tubes, endotracheal tubes, and others (intravenous catheter). The other segment includes ICU pendants, infusion pumps, and crash cards. Based on the end-user, the market is further classified into hospitals, laboratories, and others (research institutes and patients’ homes).
Global critical care equipment Market Share by equipment type, 2021 (%)
The Heart Monitor and Pulse Oximeter Segment Expected to Hold a Significant Share in the Market
Among the critical care equipment market by equipment type, the heart monitor and pulse oximeter segment holds the highest share in 2020 and is also anticipated to grow during the forecast period. Due to COVID-19, there is a restriction on going out and gathering in crowded places and treating patients at home in isolation to avoid the transmission of germs in a hospital, the equipment such as pulse oximeter is brought by many patients to check and monitor the pulse and oxidation saturation at home.
Regional Outlooks
The global critical care equipment market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East and Africa, and Latin America).
Global Critical Care Equipment Market Growth, by Region 2022-2028
The Asia-Pacific is Anticipated to have a Prominent Share in the Global Critical Care Equipment Market
The global critical care equipment market is expected to grow considerably in the Asia-Pacific region. The factors contributing to the growth of the Asia-Pacific region are the increasing number of aging populations and the rising prevalence of rate of cancer. As per the report of WHO, in 2020, in the Asia-pacific region, around 569,186 incidences of colon cancer were recorded, which is 49.6% of total cases across the globe. In addition, the rising prevalence of COVID-19 in India is expected to grow the demand for critical care equipment in the future. In India, according to WHO, there have been 22,662,575 confirmed cases of COVID-19 with 2,46,116 mortality from January 2021 to May 2021.
Market Players Outlook
Major market players operating in the global critical care equipment market include B. Braun Melsungen AG, Baxter International, Inc., Becton, Dickinson And Co., Beurer Gmbh, and GE Healthcare among others. These companies adopt various strategies such as partnerships, collaborations, finding a new market, or product innovations in their core competency to stay competitive in the market. For instance, in April 2021, Smiths Medical announced that Parkview Health has integrated its PharmGuard Infusion management System with its electronic health record system. The integration will provide smart pump programming and auto-documentation to improve patient safety.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global critical care equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Critical Care Equipment Market
• Recovery Scenario of Global Critical Care Equipment Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Critical Care Equipment Market by Equipment Type
5.1.1. Monitoring Devices
5.1.1.1. Heart Monitor
5.1.1.2. Pulse Oximeter
5.1.1.3. Multi-Parameter Oximeter
5.1.1.4. Others (Arterial line)
5.1.2. Life Support Equipment
5.1.2.1. Ventilator
5.1.2.1. Transport Ventilator
5.1.2.2. Advanced Ventilator
5.1.2.3. Chest Tubes
5.1.2.4. Endotracheal Tubes
5.1.2.5. Others (Intravenous Catheter)
5.1.3. Others (ICU Pendants, Infusion Pumps, Crash Cards)
5.2. Global Critical Care Equipment Market by End-Users
5.2.1 Hospitals
5.2.2 Laboratories
5.2.3 Others (Research Institutes, Patient’s Home)
6. Regional Analysis
6.1. North America
6.1.2. United States
6.1.3. Canada
6.2. Europe
6.2.2. UK
6.2.3. Germany
6.2.4. Italy
6.2.5. Spain
6.2.6. France
6.2.7. Rest of Europe
6.3. Asia-Pacific
6.3.2. China
6.3.3. India
6.3.4. Japan
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. B. Braun Melsungen AG
7.2. Baxter International, Inc.
7.3. Becton, Dickinson and Co.
7.4. Beurer GmbH
7.5. BPL MEDICAL TECHNOLOGIES PVT. LTD.
7.6. Drägerwerk AG & Co. KGaA
7.7. Getinge AB
7.8. Hamilton Medical AG
7.9. Johnson & Johnson Services, Inc.
7.10. KONIKLIJKE PHILIPS N.V
7.11. Medtronic PLC
7.12. Morepen Laboratories Ltd.
7.13. Nihon Kohden
7.14. Nonin Medical, Inc.
7.15. Skanray Technologies Ltd.
7.16. Smiths Medical
7.17. Tandem Diabetes Care, Inc.
7.18. The General Electric Co. (GE Healthcare)
1. GLOBAL CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL CRITICAL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY CARE MONITORING DEVICES, 2021-2028 ($ MILLION)
3. GLOBAL CRITICAL CARE HEART MONITOR EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PULSE OXIMETER IN CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL MULTI-PARAMETER OXIMETER IN CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL OTHER CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY LIFE MONITORING SYSTEM, 2021-2028 ($ MILLION)
8. GLOBAL VENTILATORS IN CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL TRANSPORT VENTILATORS IN INFLAMMATORY HEART DISEASE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL ADVANCED VENTILATORS CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL CHEST TUBES IN CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL ENDOTRACHEAL TUBES IN CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL OTHER CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY OTHERS (ICU PENDANTS, INFUSION PUMPS, CRASH CARDS), 2021-2028 ($ MILLION)
15. GLOBAL CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
16. GLOBAL CRITICAL CARE EQUIPMENT IN HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL CRITICAL CARE EQUIPMENT IN LABORATORIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL CRITICAL CARE EQUIPMENT IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. NORTH AMERICAN CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2021-2028 ($ MILLION)
22. NORTH AMERICAN CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
23. EUROPEAN CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. EUROPEAN CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2021-2028 ($ MILLION)
25. EUROPEAN CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
29. REST OF THE WORLD CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD CRITICAL CARE EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL CRITICAL CARE EQUIPMENT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL CRITICAL CARE EQUIPMENT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL CRITICAL CARE EQUIPMENT MARKET, 2022-2028 (%)
4. GLOBAL CRITICAL CARE EQUIPMENT MARKET SHARE BY EQUIPMENT TYPE, 2021 VS 2028 (%)
5. GLOBAL CRITICAL CARE MONITORING DEVICES/ EQUIPMENT MARKET SHARE BY REGION, 2020 VS 2027(%)
6. GLOBAL HEART MONITOR CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2020 VS 2027(%)
7. GLOBAL PULSE OXIMETER CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL MULTI-PARAMETER OXIMETER CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL OTHER CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL LIFE SUPPORT CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL VENTILATORS IN CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL TRANSPORT VENTILATORS IN CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL ADVANCED VENTILATORS IN CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL CHEST TUBES IN CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL ENDOTRACHEAL TUBES IN CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL OTHERS IN CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL OTHER (ICU PENDANTS, INFUSION PUMPS, CRASH CARDS) CRITICAL CARE EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL CRITICAL CARE EQUIPMENT MARKET SHARE BY END-USERS, 2021 VS 2028 (%)
19. GLOBAL CRITICAL CARE EQUIPMENT IN HOSPITALS MARKET SHARE BY REGION, 2021 VS 2028 (%)
20. GLOBAL CRITICAL CARE EQUIPMENT IN LABORATORIES MARKET SHARE BY REGION, 2021 VS 2028 (%)
21. GLOBAL CRITICAL CARE EQUIPMENT IN OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
22. GLOBAL CRITICAL CARE EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23. US CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
24. CANADA CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
25. UK CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
26. FRANCE CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
27. GERMANY CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
28. ITALY CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
29. SPAIN CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF EUROPE CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
31. INDIA CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
32. CHINA CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
33. JAPAN CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
34. SOUTH KOREA CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
35. REST OF ASIA-PACIFIC CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD CRITICAL CARE EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
