DUBLIN--(BUSINESS WIRE)--The "COVID-19 Impact on Critical Care Device Market by Device (High-Impact Products (Ventilators, Patient Monitors, Infusion Pumps, Hyperbaric Oxygen Therapy Devices and Sleep Apnea Devices) and Low-Impact Products) and Region - Global Forecast to 2021" report has been added to ResearchAndMarkets.com's offering.
The global critical care devices market is projected to grow at a CAGR of 44.6% from 2019 to 2020.
The market for critical care devices is driven primarily by the increasing number of ICU beds owing to the continuously rising COVID-19 cases, increasing demand for ventilators for effective management of critical COVID 19 patients, and ease of regulatory requirements to facilitate the production of critical care devices.
In 2019, the infusion pumps product segment accounted for the largest share of the market.
Based on the product, the infusion pump segment accounted for the largest share of the critical care devices market in 2019. The large share of this segment can be attributed to the growing COVID-19 patient pool, increasing availability of ambulatory infusion pumps, research on plasma therapy for the treatment of COVID-19 patients, and the introduction of technologically advanced products in the market.
In 2019, the hospitals and clinics segment accounted for the largest share of the market.
Based on end-users, the hospital segment accounted for the largest share of the critical care devices market in 2019. The large share of this segment is attributed to the strong financial capabilities of hospitals for purchasing high-priced critical care devices, the large patient pool treated at hospitals, the increase in the number of make-shift hospitals, and the availability of trained professionals to operate these critical care devices.
North America is projected to witness the highest growth during the forecast period.
The North American market is estimated to register the highest CAGR during the forecast period. Factors such as the highest number of COVID-19 cases globally, the presence of a large number of key local players that can ramp up the production of these devices, increased accessibility to advanced healthcare facilities are fueling the demand for critical care devices in the APAC region.
The report analyzes the various critical care devices and their adoption patterns. It aims at estimating the market size and future growth potential of the critical care devices market for different segments such as product, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market, and recent developments and key short-term strategies.
The leading players in the critical care devices market include Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), Baxter International Inc. (US), Fresenius Kabi (Germany), Medtronic plc (Ireland), ResMed (US), Koninklijke Philips (Netherlands), and Fisher & Paykel Healthcare (New Zealand), among others.
Key Topics Covered
1.1 COVID-19 Health Assessment
1.2 COVID-19 Economic Assessment
1.2.1 COVID-19 Impact on the Economy - Scenario Assessment
2 Research Methodology
2.1 Research Approach
2.1.1 Secondary Data
18.104.22.168 Key Data from Secondary Sources
2.1.2 Primary Data
2.2 Market Size Estimation
2.3 Market Ranking Analysis
2.4 Assumptions for the Study
3 Impact of COVID-19 Outbreak on the Critical Care Devices Market Overview
3.2.1 Increase in the Number of ICU Beds in Countries With a High Prevalence of COVID-19
3.2.2 Increasing Demand for Ventilators for the Effective Management of Critical COVID-19 Patients
3.2.3 Less-Stringent Regulatory Requirements to Facilitate the Production of Critical Care Devices
3.3.1 Impact on Supply Chain and Logistics
3.4.1 Expected Increase in Public Healthcare Investments Globally
3.4.2 Development of Low-Cost Ventilators
3.5 Burning Issues
3.5.1 Revenue Shift from Other Medical Devices
4 Impact of COVID-19 Outbreak on the Critical Care Devices Market
4.1.1 Most-Attractive Markets
22.214.171.124 Sleep Apnea Devices
126.96.36.199 Respiratory Monitoring Devices
188.8.131.52 Hyperbaric Oxygen Therapy Devices
184.108.40.206 Infusion Pumps
4.1.2 Less-Affected Markets
220.127.116.11 Anesthesia Monitors & Machines
18.104.22.168 Blood Warmer Devices
5 Impact of COVID-19 Outbreak on the Critical Care Devices Market, by End User
5.2 Hospitals & Clinics
5.3 Ambulatory Care Centers
5.4 Emergency Medical Services
5.5 Home Care Settings
6 Critical Care Equipment Market, by Region
6.4 Asia Pacific
6.4.4 Rest of Asia Pacific
6.5 Latin America
6.6 Middle East and Africa
7 Competitive Landscape
7.2.1 Key Companies
7.2.2 Key Developments
7.2.3 Short-Term Strategies
7.3 Sleep Apnea Devices
7.3.1 Key Companies
7.3.2 Key Developments
7.3.3 Short-Term Strategies
7.4 Respiratory Care Monitoring Devices
7.4.1 Key Companies
7.4.2 Key Developments
7.4.3 Short-Term Strategies
7.5 Infusion Pumps
7.5.1 Key Companies
7.5.2 Key Developments
7.5.3 Short-Term Strategies
- B. Braun Melsungen AG
- Baxter International Inc.
- Becton, Dickinson and Company
- Fisher & Paykel Healthcare
- Fresenius Kabi
- Koninklijke Philips
- Medtronic plc
For more information about this report visit https://www.researchandmarkets.com/r/gy3pgy