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.
On the basis of region, the critical care devices market report covers an in depth analysis of the Indian market and an overview of the Asian and Middle East & North African market. A number of factors such as technological advancements, rising development of home use and remote patient monitoring devices, huge patient base in India, increasing number of pre-term births, rising prevalence of respiratory and chronic diseases, growing number of ICU patients and surgical procedures, and growing government initiatives for promoting indigenous manufacturing of medical products are fueling the demand for critical care devices in emerging nations. Additionally, rising medical tourism in India, improving healthcare infrastructure, and development of multiparameter monitors are some other factors contributing to the growth of the critical care devices market. On the other hand, high cost of critical care devices and increasing use of refurbished systems are the key factors hampering the growth of the critical care devices market in emerging nations.
As of 2016, Asia is estimated to hold the largest share of the critical care devices market, followed by Middle East and North Africa. The Indian critical care devices market is expected to grow at the highest CAGR from 2016 to 2021. Presence of a large geriatric population, increasing prevalence of chronic and respiratory diseases, improving healthcare infrastructure in rural areas, and increasing number of super-specialty hospitals in India are propelling the growth of the Indian critical care devices 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), B. Braun Melsungen AG (Germany), and Fresenius Kabi (Germany) are some of the key players operating in the critical care devices market.
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