What is Critical Care Devices Market?
Critical care devices are devices that are helpful for airway management, vascular access, IV infusions, medical delivery, vital sign monitors and much more. These devices help people with life-threatening injuries and illnesses. Rising the aging population worldwide and increasing research and development activities are the driving factors of the critical care devices market.
The market study is being classified by Type (Infusion Pump, Ventilator, Patient Monitor and Other), by Application (Hemodynamic Monitoring, Vital Signs Monitoring, Neurologic Monitoring and Brain Function Monitoring) and major geographies with country level break-up.
ResMed (United States), Respironics, Inc. (United States), Drägerwerk AG (Germany), CareFusion Corporation (United States), GE Healthcare (United States), Medtronic plc (Ireland), Skanray Technologies (India), Maquet Holding (Germany), ICU Medical, Inc. (United States), Fresenius Kabi (Germany), Smiths Medical, Inc. (United States), NP Medical Inc. (United States), Fisher & Paykel (New Zealand), Biometrix Ltd (Netherlands), Airon Corporation (India) and OSI Systems, Inc. (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Critical Care Devices market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Critical Care Devices market by Type, Application and Region.
On the basis of geography, the market of Critical Care Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Prevalence of Life-Threatening Diseases
- High Demand for Critical Care Devices
- Increased Number of Hospitals and Clinics
Market Trend
- Growing Demand for Critical Care Devices with Advanced Technologies
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growth in the Healthcare Industry
- Increased Research and Development Activities
Challenges
- Stringent Government Rules and Regulations
Market Leaders and some development strategies
In September 2018, ResMed, a leader in cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS) business solutions, has announced it has completed its acquisition of Minnesota-based MatrixCare, a leader in software solutions for more than 15,000 providers across skilled nursing, life plan communities, senior living and private duty.
Key Target Audience
Critical Care Devices Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users