COVID-19 Impact on Critical Care Device Market

Market Leader - Critical Care Devices Market

The global critical care devices market size is projected to reach USD 27,285.4 million by 2021 from USD 37,965.9 million in 2020. The critical care devices market is expected to witness a growth of 44.1% from 2019 to 2020. The ventilators segment is dominated by Philips Healthcare (Netherlands), ResMed Inc. (US), Medtronic plc (Ireland), Becton, Dickinson and Company (US), Getinge Group (Sweden), Dräger Group (Germany), Smiths Group plc (UK), Teleflex Incorporated (US), Hamilton Medical AG (Switzerland), and GE Healthcare (US) are the leading players in the critical care devices industry.

The top 5 players in this segment account for approximately 50% of the market share. In view of the pandemic outbreak, companies are looking at achieving short term goals. The short term strategy of key players in the critical care devices market includes increasing manufacturing capabilities, designing and developing new emergency products to meet the demand of the continuously rising COVID-19 patients, and partnering with governments and other private players to boost production capacities.

The global critical care devices market is consolidated at the top, with six players—Becton, Dickinson and Company (US), Baxter International (US), B. Braun (Germany), ICU Medical (US), Fresenius Kabi (Germany), and Smiths Medical (US)—dominating the market in 2019.

To know about the assumptions considered for the study download the pdf brochure

Becton, Dickinson and Company (US) was the leading player in the infusion pumps segment and accounted for the largest share in 2019. BD is known for its diversified product offerings in the field of infusion pumps. The company’s comprehensive product portfolio includes volumetric pumps, syringe pumps, ambulatory pumps, enteral pumps, and PCA pumps, under its market-leading brand—Alaris. The company also provides dedicated disposables for its infusion products. Over the years, the company has maintained its leading position in the market through continuous innovation and the launch of advanced products. BD continuously focuses on product offerings by enabling its infusion products to be ready for data integration with other allied products. In addition to this, BD focuses on expanding its product portfolio and geographic presence by mergers and acquisitions. In line with this, in April 2017, BD acquired Caesarea Medical Electronics (Israel).

In 2019, the respiratory care monitoring devices segment was dominated by Medtronic, Masimo Corporation, Philips, and Nonin. These companies together dominated the global respiratory care monitoring devices market in 2019. The other players include small and medium-sized local and multinational players providing respiratory monitoring devices. FDA-clearance for the expanded use of non-invasive, vital signs-measuring devices helps market players to aid their revenue growth.

In 2019, the sleep apnea devices segment was dominated by ResMed (US), Koninklijke Philips (Netherlands), and Fisher & Paykel Healthcare (New Zealand). These companies together dominated the global sleep apnea devices market in 2019. The other players include SomnoMed (US), Oventus Medical (Australia), Compumedics (Australia), Löwenstein Medical (Germany), Drive DeVilbiss Healthcare (US), BMC Medical (China), Braebon Medical (Canada), and Panthera Dental (Canada). Inclusion of CPAP/BPAP machines as possible alternatives to ventilators during the shortage of ventilators, at least until the demand of ventilators is fulfilled, can aid the revenue growth of market players under this segment.

Related Reports:

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 (Anesthesia Machines, Defibrillators and Blood Warmers)) and Region - Global Forecast to 2021

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

COVID-19 Impact on Critical Care Device Market Size,  Share & Growth Report
Report Code
MD 7606
RI Published ON
5/1/2020
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status