Publication Month: Oct 2020 | Report Code: TIPHE100001218 | No. of Pages: 213 | Category: Medical Device | Status: Published
An ICU bed is equipped and staffed to be capable of ICU level care and provides mechanical ventilation along with invasive monitoring. According to the National Center for Biotechnology Information, in May 2020, Canada being at the peak of COVID-19 outbreak, the need for ICU beds has exceeded at a significant level, even with 40% self-isolation. The number of existing ICU beds in each region ranged from 0.63 to 1.85 per 10,000 people. Assuming a current occupancy rate of 80% is estimated, unoccupied ICU beds available for COVID-19 patients would vary across the region from 0.13 to 0.37 per 10,000 people.
Patients with the infection are spending an average of 15 days in ICU. According to the European Society of Anaesthesiology, the number of intensive care beds in Italy continues to grow. In Lombardy, before coronavirus spread, there were 140 private ICU beds and 500 public intensive care (ICU) beds, which increased to more than 900 by the end of March 2020.
COVID-19 has been declared a global pandemic by the World Health Organization on March 11, 2020. This novel disease is characterized by a lower number of initial cases followed by an infection explosion in various countries. Despite the implementation of lockdowns to reduce the spread of COVID-19, the healthcare systems in various countries have been overwhelmed by demand for equipment, such as ICU beds and supportive equipment to treat severe disease cases.
In terms of product, the patient monitor systems segment held the largest share of the market in 2019 and it is expected to continue to be a leading shareholder during the forecast period. However, the ventilators segment is expected to register a higher CAGR in the market during the forecast period.
Based on application, the global critical care equipment market is segmented into cardiology, pulmonology, neurology, orthopedic, and others. The cardiology segment held the largest share of the market in 2019, and the pulmonology segment is expected to register the highest CAGR during the forecast period. Cardiovascular intensive care is the systemic management of patients with severe cardiovascular disease (CVD), including vascular disease and heart disease. CVD is among the top causes of deaths worldwide. For instance, according to the World Health Organization, in 2016, an estimated 17.9 million people died from CVDs, representing 31% of deaths worldwide. Similarly, according to the Centers for Diseases Control and Prevention, about 655,000 Americans die from heart disease every year. To prevent death due to CVDs, an intensive care unit for severe CVD patients, namely, cardiovascular intensive care unit (CICU), is available in general hospitals. The technological developments of clinical cardiology, such as intracoronary interventional procedures and devices and invasive hemodynamic monitoring, are the major evolutions of intensive care for CVDs. Subsequently, the number of severe CVD patients admitted to CICU is growing every year. The patients in the CICU have many complications such as respiratory failure and renal failure. Therefore, trained medical staff is required to practice systemic intensive care.
|Market Size Value in||US$ 21,682.65 Million in 2019|
|Market Size Value by||US$ 47,171.42 Million by 2027|
|Growth rate||CAGR of 9.5% from 2020-2027|
|No. of Pages||213|
|No. of Tables||73|
|No. of Charts & Figures||94|
|Historical data available||Yes|
|Segments covered||Product , Application , and End User and Geography|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
Collaborations and technology partnerships by the players in the critical care equipment market to bridge the demand-supply gap are anticipated to play a significant role in the growth of the market during the forecast period.
The List of Companies - Critical Care Equipment Market