Market Overview:
The global critical care system market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in patient monitoring devices. Based on type, the ventilators segment is expected to account for the largest share of the global critical care system market in 2018. This segment is also projected to grow at a CAGR of 5.9% from 2018 to 2030. The growth in this segment can be attributed to increasing demand for advanced ventilators that offer features such as data integration and wireless communication capabilities. Based on application, hospitals are expected to account for the largest share of the global critical care system market in 2018 followed by ICUs .
Product Definition:
A critical care system is a type of medical system that provides intensive care to patients who are critically ill or injured. The importance of a critical care system is that it can provide lifesaving treatment to patients who are in danger of dying.
Ventilators:
Ventilators are respiratory devices that help in providing oxygen to the patient and removing carbon dioxide from the body. The basic function of ventilators is to maintain or restore pulmonary ventilation and provide support for respiration when it is difficult due to conditions such as asthma, COPD, etc.
The global critical care market size was valued at USD 6 billion in 2015 and is expected to grow at a CAGR of XX% during the forecast period.
Patient Monitors:
Patient monitors are electronic devices that display a continuous stream of vital signs such as temperature, blood pressure, and respiratory rate in patients suffering from cardiac arrest or other medical emergencies. The advent of patient monitors has revolutionized critical care by allowing healthcare professionals to continuously monitor the physiological parameters while treating the patient. It also helps them make informed decisions regarding treatment alternatives and facilitates early detection of adverse reactions which may prove fatal if undetected.
Application Insights:
The hospital application segment dominated the global critical care system market in 2017. The segment is expected to witness a CAGR of XX% over the forecast period owing to an increase in ICU admissions and surgeries across hospitals worldwide. According to a study published by NCBI, it was estimated that around 20 million people were admitted with acute coronary syndrome (ACS) across Europe and America in 2015, which was increased from 10 million patients reported in 2010. Therefore, increasing number of patients suffering from ACS is expected to contribute towards segment growth during the forecast period.
The intensive care unit (ICU) application segment held a substantial share of the overall revenue on account of high prevalence of diseases such as respiratory failure.
Regional Analysis:
North America dominated the global critical care system market in 2017. This can be attributed to the presence of well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare expenditure levels in this region. Moreover, increasing initiatives and reforms to improve patient safety and clinical efficiency are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving economic conditions, growing population along with rising demand for quality healthcare services in emerging countries such as China and India are some of the factors driving regional growth.
Growth Factors:
- Increasing incidence of critical care diseases: The global critical care system market is expected to grow at a CAGR of 7.5% during the forecast period due to the increasing incidence of critical care diseases such as sepsis, pneumonia, and heart failure.
- Growing demand for advanced medical devices: The demand for advanced medical devices is growing rapidly due to the technological advancements in the field of critical care medicine. This is expected to drive the growth of the global critical care system market during the forecast period.
- Rising number of ICUs and hospitals: There has been a rise in both, number of ICUs and hospitals across the globe in recent years owing to which there is an increase in demand for Critical Care Systems products & services .This is anticipated to fuel market growth over next few years . 4) Technological advancements: Rapid technological advancements are taking place across all industries including healthcare sector which are resulting into introduction innovative products with better features catering needs specific patient population segments such as critically ill patients , this trend will continue fueling adoption rate Critical Care Systems globally 5) Aging population :The aging population segment represents high-risk patients who are more susceptible towards developing chronic diseases such as heart failure, stroke, and diabetes mellitus etc., This will result into increased demand for Critical Care Systems thereby driving market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Critical Care System Market Research Report
By Type
Ventilators, Patient Monitors, Syringe Pumps, Infusion Pumps
By Application
Hospitals, ICU
By Companies
Abbott, Bayer Healthcare AG, Alere, Inc., General Electric Company, Nihon Kohden Corporation, Koninklijke Philips N.V., Skanray Technologies, B. Braun Melsungen AG, Medtronic, Baxter International Inc, Fresenius Medical Care, Medtronic, Smiths Medical, Akasmedical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Critical Care System Market Report Segments:
The global Critical Care System market is segmented on the basis of:
Types
Ventilators, Patient Monitors, Syringe Pumps, Infusion Pumps
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, ICU
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott
- Bayer Healthcare AG
- Alere, Inc.
- General Electric Company
- Nihon Kohden Corporation
- Koninklijke Philips N.V.
- Skanray Technologies
- B. Braun Melsungen AG
- Medtronic
- Baxter International Inc
- Fresenius Medical Care
- Medtronic
- Smiths Medical
- Akasmedical
Highlights of The Critical Care System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ventilators
- Patient Monitors
- Syringe Pumps
- Infusion Pumps
- By Application:
- Hospitals
- ICU
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Critical Care System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Critical care system is a medical term that refers to the specialized team of doctors, nurses, and other health professionals who provide round-the-clock care for patients in a hospital setting who are considered to be at high risk for serious complications or death.
Some of the major companies in the critical care system market are Abbott, Bayer Healthcare AG, Alere, Inc., General Electric Company, Nihon Kohden Corporation, Koninklijke Philips N.V., Skanray Technologies, B. Braun Melsungen AG, Medtronic, Baxter International Inc, Fresenius Medical Care, Medtronic, Smiths Medical, Akasmedical.
The critical care system market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Critical Care System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Critical Care System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Critical Care System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Critical Care System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Critical Care System Market Size & Forecast, 2020-2028
4.5.1 Critical Care System Market Size and Y-o-Y Growth
4.5.2 Critical Care System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ventilators
5.2.2 Patient Monitors
5.2.3 Syringe Pumps
5.2.4 Infusion Pumps
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 ICU
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Critical Care System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Critical Care System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ventilators
9.6.2 Patient Monitors
9.6.3 Syringe Pumps
9.6.4 Infusion Pumps
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 ICU
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ventilators
10.6.2 Patient Monitors
10.6.3 Syringe Pumps
10.6.4 Infusion Pumps
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 ICU
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ventilators
11.6.2 Patient Monitors
11.6.3 Syringe Pumps
11.6.4 Infusion Pumps
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 ICU
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ventilators
12.6.2 Patient Monitors
12.6.3 Syringe Pumps
12.6.4 Infusion Pumps
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 ICU
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ventilators
13.6.2 Patient Monitors
13.6.3 Syringe Pumps
13.6.4 Infusion Pumps
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 ICU
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Critical Care System Market: Competitive Dashboard
14.2 Global Critical Care System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott
14.3.2 Bayer Healthcare AG
14.3.3 Alere, Inc.
14.3.4 General Electric Company
14.3.5 Nihon Kohden Corporation
14.3.6 Koninklijke Philips N.V.
14.3.7 Skanray Technologies
14.3.8 B. Braun Melsungen AG
14.3.9 Medtronic
14.3.10 Baxter International Inc
14.3.11 Fresenius Medical Care
14.3.12 Medtronic
14.3.13 Smiths Medical
14.3.14 Akasmedical
