(PharmaNewsWire.Com, November 28, 2019 ) The Research Report on North Africa Critical Care Equipment Market provides a detailed overview of the market; Continuous technological advancement 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.
High replacement rate of critical care devices, growing medical tourism in Asia, and development of multiparameter monitors are some other prime factors offering growth opportunities for players in the critical care equipment market. However, high cost of these devices is restraining the growth of this North Africa Critical Care Equipment Market.
This research report segments this Asia Critical Care Equipment Market based on product, and regions.
North Africa Critical Care Equipment Market Based on Product;
On the basis of product, the critical care devices market is divided into three major segments, namely, patient monitors, ventilators, and infusion pumps. The patient monitors segment is estimated to hold the largest share of the critical care devices market in emerging nations in 2016. Increasing patient population base, development of new patient monitors with wireless and sensor technology and increasing private sector investments are driving the growth of this market segment. Critical Care Equipment Market Based on Region;
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, high adoption rate of technologically advanced critical care devices, and increasing patient population base are contributing to the large share of the Asia critical care equipment market.
The Indian market is expected to grow at the highest CAGR. Factors such as growing government support, increasing private sector investment, rising geriatric population, growing incidence and prevalence of respiratory and chronic diseases, and developing healthcare infrastructure are propelling the growth of the Indian critical care equipment market.
In the critical care devices market, leading players are adopting the strategies of new product launches and product enhancements; geographic expansions; agreements, partnerships, and collaborations; and acquisitions in order to increase their market shares.
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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