Report : Asia Pacific Critical Care Equipment Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product (Ventilators, Patient Monitor Systems, Infusion Pumps, and Others); Application (Cardiology, Pulmonology, Orthopedics, Neurology, and Others); End-User (Hospitals, Ambulatory Care Centers, Home Care, and Others) and Country
Patient Monitoring Systems Segment Held Largest Share of Product inAsia Pacific Critical Care Equipment Market in 2019
According to The Insight Partners market research study of ‘Asia Pacific Critical Care Equipment Forecast to 2027 - COVID-19 Impact and Analysis byproduct, application, and end-user’ the Asia Pacific critical care equipment market is expected to reach US$ 10,552.25 million in 2027 from US$ 4,602.61 in 2019. The market is estimated to grow with a CAGR of 10.2% from 2020-2027. The report provides trends prevailing in the Asia Pacific critical care equipment market and the factors driving market along with those that act as hindrances.
Based on the product, the Asia Pacificthe critical care equipment market, is segmented into ventilators, patient monitor systems, infusion pumps, and others. The patient monitoring systems segment held the largest share of the market in 2019, whereas the ventilators segment is anticipated to register the highest CAGR in the market during the forecast period. The patient care monitor systems enables the medical staff to observe patients without being physically present at their bedside, whether in the hospital or their home. Various types of sensors are used to monitor the patient vitals ranging from heart rate, oxygen saturation, body temperature, ECG, Respiration, Non-invasive blood pressure, etc. However, the ventilators segment is anticipated to have highest CAGR as they provide support for patients who cannot breathe on their own or who require assistance to maintain adequate ventilation. While ventilators are typically used in the critical care units of hospitals, they may be used in other care areas as well. Invasive ventilators type of ventilators gently forces normal air (or a mixture of air and added oxygen) through a breathing tube into a patient’s airways and down into their lungs. Mechanical ventilation not only ensures that a patient receives sufficient oxygen but also helps move carbon dioxide out of the lungs.
The growth of the market is attributed to some key driving factors such as growing prevalence of respiratory illnesses and high growth in diabetes and the aging population are key driving factors. However, the reformed government policies post the covid-19 pandemic is expected to obstruct the growth of the market to a certain extent during the forecast years.
Koninklijke Philips N.V, Asahi Kasei Corporation, Shenzhen Mindray Biomedical Electronics Co., Ltdare among the leading companies operating in the Asia Pacific critical care equipment market.
The report segments Asia Pacific Critical Care Equipment Market as Follows: