North America 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
Critical care equipment includes cardiac support, patient monitoring, respiratory support, emergency resuscitation devices, pain management, 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.
Market Overview and Dynamics
The North America critical care equipment market is expected to reach US$ 18,212.89 million in 2027 from US$ 8,128.83 million in 2019. The market is estimated to grow with a CAGR of 9.9% from 2020-2027. The growth of the market is attributed to some key driving factors such as growing prevalence of respiratory diseases and increasing contracts for manufacturing of critical care equipment are key driving factors. However, stringent government rules and regulations due to the covid-19 pandemic are expected to obstruct the growth of the market to a certain extent during the forecast years.
Key Market Segments
Based on product, the critical care equipment market is segmented into ventilators, patient monitor systems, infusion pumps, and others. Based on application, the critical care equipment market, is segmented into cardiology, pulmonology, orthopedics, neurology, and others. Based on end-user, the critical care equipment market, is segmented into hospitals, ambulatory care centers, home care, and others.
Major Sources and Companies Listed
Some of the major primary and secondary sources for critical care equipment market included in the report are American Journal of Tropical Medicine and Hygiene, The US Food and Drug Administration, Canadian Chronic Disease Surveillance System, and others.
NORTH AMERICA CRITICAL CARE EQUIPMENT MARKET SEGMENTATION
Patient Monitor Systems
Ambulatory Care Centers
General Electric Company
Braun Melsungen AG
Baxter International Inc
Dragerwerk AG & Co. KGaA
Koninklijke Philips N.V.
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