South & Central America Critical Care Equipment Market Developments and Forecast by 2027

The South & Central Americacritical care equipment market is expected to reach US$ 3,721.83 million in 2027 from US$ 1,822.27 million in 2019. The market is estimated to grow with a CAGR of 8.6% from 2020-2027.

Critical care equipment includes cardiac support, patient monitoring, respiratory support, emergency resuscitation devices, pain management

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and other life support equipment designed to care for critically ill patients or have undergone a major surgical procedure, thereby requiring 24-hour care monitoring. These devices help in preventing any serious injury or death of the patient. They are essential in all healthcare facilities like hospitals, clinics, and others. The scope of the South & Central America Critical Care Equipmentt market includes product, application, end-user, and region.

Brazil Critical Care Equipment Market Revenue and Forecasts to 2027 (US$ MN)

Market Insights

Growing Geriatric Population in South & Central America

The healthcare sector has been booming and has expanded vastly over the years. There has been a rise in the population in the South & Central America region, especially that of the elderly population. In Brazil, the aging population is at a rapid pace and in a context of regional and historical socioeconomic inequalities. According to the study conducted in Brazil, the community of women estimated at the vast majority was 16.9 million (56%) of elderly persons, whereas older adults estimated are 13.3 million (44%).  The growing aging population leads to several chronic infectious respiratory disease, heart disease, COPD, and others are the primary causes of years of healthy life lost owing to disability. As per the Brazil Statistical Institute in 2017, in Brazil, people aged 65 and above are expected to reach 36% by 2050, and a significant percentage of asthma and COPD patients are of the geriatric population. As per the National Health Survey in 2018, asthma affected more than 6 million adults in Brazil. Similarly, as per the World Health Organization and the Brazilian Institute of Geography and Statistics reported, the geriatric population in Brazil (aged more than 60 years) is expected to reach by about 55 million, which will yield in a high prevalence of chronic heart diseases in the coming years. Therefore, the growing geriatric population in South & Central America is likely to propel the critical care equipment market growth.

Product- Based Market Insights

Based on product,thecritical care equipment marketis segmented into patient monitor systems, ventilators, infusion pumps, and others. The patient monitor 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.

South & Central AmericaCritical Care Equipment Market, by Product – 2019 and 2027

Application- Based Market Insights

Based on application, the 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, whereas the pulmonology segment is anticipated to register the highest CAGR in the market during the forecast period.

End-User - Based Market Insights

Based on end-user, the critical care equipment market, is segmented into hospitals, ambulatory care centers, home care, and others. The hospitals segment held the largest share of the market in 2019, also the same segment is anticipated to register the highest CAGR in the market during the forecast period.

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South & Central America Critical Care Equipment Market: Strategic Insights

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Product launches and approvals are commonly adopted strategies by companies to expand their footprint worldwide and meet the growing demand. The players operating in the critical care equipment market adopt the expansion, collaboration, and product launch strategies to enlarge customer base across the world. These strategies allow the players to maintain their brand name globally. For instance, Mindray launched its new generation infusion system, BeneFusion n Series. The system is developed to provide features such as patient safety, operational simplicity, interoperability, data synergy, and other features.

SOUTH & CENTRAL AMERICACRITICAL CARE EQUIPMENT MARKET SEGMENTATION

By Product

• Patient Monitor Systems
• Ventilators
  • Invasive Ventilators
  • Non-invasive Ventilators
• Infusion Pumps
• Others

By Application

• Cardiology
• Pulmonology
• Neurology
• Orthopaedic
• Others

By End-User

• Hospitals
• Ambulatory Care Centers
• Home Care
• Others

By Country

• South & Central America
  • Brazil
  • Argentina

Company Profiles

• General Electric Company
• Medtronic
• Braun Melsungen AG
• Baxter International Inc

Report Scope

South & Central America Critical Care Equipment Market Regional Insights

The regional trends and factors influencing the South & Central America Critical Care Equipment Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses South & Central America Critical Care Equipment Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

South & Central America Critical Care Equipment Market Report Scope

South & Central America Critical Care Equipment Market Players Density: Understanding Its Impact on Business Dynamics

The South & Central America Critical Care Equipment Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the South & Central America Critical Care Equipment Market are:

1. General Electric Company
2. Medtronic
3. Braun Melsungen AG
4. Baxter International Inc

Disclaimer: The companies listed above are not ranked in any particular order.