Asia Critical Care Equipment Market – Industry Trends, Growth Analysis and Forecast

Asia Critical Care Equipment Market

Pune, India, 2020-Feb-20 — /EPR Network/ —

The Research Report Consist of 159 pages, which covers Asia Critical Care Equipment Market overview, Major Key Players detailed Analysis, market opportunities, market risk, forecast for the next five years, major driving factors for the market as well as detailed analysis for CAGR, scope, research findings, leading key players marketing strategy to acquire major market in the form of revenue.

Continuous technological advancements in critical care devices, increasing government support, growing private sector investments in the healthcare industry, and increasing patient population base are key factors fueling the growth of the North Africa Critical Care Equipment Market in the emerging nations. The high replacement rate of critical care devices, growing medical tourism in Asia, and the development of multiparameter monitors are some other prime factors offering growth opportunities for players in the critical care equipment market. However, the high cost of these devices is restraining the growth of this market.

The Asia Critical Care Equipment Market is expected to reach $2.61 billion, at a CAGR of 8.0%

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Asia Critical Care Equipment Market Segmentation:

On the basis of products, the market is divided into three segments, namely, patient monitors, ventilators, and infusion pumps. The patient monitors segment is expected to grow at the highest CAGR in the next five years, owing to the increasing patient population base and the high adoption of advanced patient monitoring devices by big hospitals and clinics in the emerging nations.

The ventilators market segment is further categorized on the basis of products into adult ventilators and neonatal/infant ventilators. Increasing the geriatric population, rising number of ICU patients in India, growing use of home care ventilation devices, and increasing prevalence of respiratory devices are key factors driving the market for adult ventilators in the emerging nations.

The infusion pumps market, on the other hand, is driven by factors such as rising geriatric and obese population resulting in the growing prevalence of chronic diseases in India, increasing the number of hospital beds, and introduction of smart infusion pumps which are propelling the growth of the infusion pumps market in emerging nations.

The Major Players Operating in the Asia Critical Care Equipment Market:

Geographic expansion is the primary growth strategy adopted by major players to increase their presence in the Critical Care Equipment Market.

Koninklijke Philips N.V. (Netherlands), General Electric Company (U.S.), Medtronic plc (U.S.), Drägerwerk AG & Co. KGaA (Germany), Skanray Technologies Pvt. Ltd. (India), Maquet Holding B.V. & Co. KG. (Germany), BPL Medical Technologies Ltd (India), B. Braun Melsungen AG (Germany), Akas Medical (India), Smiths Medical (U.S.), Nihon Kohden Corporation (Japan), and Fresenius Kabi (Germany) are some of the key players operating in the Indian critical care equipment market.

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Geographical Detailed Analysis for Asia Critical Care Equipment Market:

Geographically, the global market is classified into Asia (excluding India), India, and the Middle East and North Africa. The critical care equipment market is estimated to be dominated by Asia. Rising demand for remote patient monitoring, the high adoption rate of technologically advanced critical care devices and increasing patient population base are contributing to the large share of the Asian critical care equipment market. The Indian market is expected to grow at the highest CAGR during the forecast period.

Geographic expansion is the primary growth strategy adopted by major players to increase their presence in the Indian critical care equipment market.