COVID-19 Impact on Critical Care Equipment Market worth US$ 40,378.7 million by 2020
Critical care equipment such
as a ventilator, volumetric infusion pump and oxygen delivery system is either
utilized during surgery or in Intensive Care Units, known as ICU to support the
patient. This equipment help stabilize the airway, breathing, and circulation
of patients and keep a close check on them. The rising prevalence of chronic
medical conditions was one of the reasons for the boost of the critical care
equipment market. However, in 2020 the scenario changed with the spread of a
new disease known as COVID-19. As of May 20th 2020, more than 5.08 million
people across the globe have been sickened and more than 329,239 have been
decreased due to Coronavirus. The number of COVID-19 cases in the US as of May
20th 2020 has surged to 1.59 million, followed by Russia with 0.308 million and
Brazil with 0.293 million. Rising COVID-19 cases will fuel the adoption of
clinical care equipment as it has spread across the world, the Intensive Care
Unit (ICU) community must prepare for the challenges associated with this
pandemic. COVID-19 is responsible for huge deaths around the world and still no
cure has been found till today. The deteriorating health of the patients leads
to the shift of the COVID-19 patients to the ICU. The affected patients are
outnumbering the availability of the beds in both ICU and hospitals. In
countries such as Italy doctors have to take a tough call to whom ventilator
can be provided due to the utter shortage of it. The world is going through a
crisis.
For
a detailed analysis of the Critical Care Equipment’s demand during COVID-19 and
post the pandemic impact browse through:- https://univdatos.com/report/global-critical-care-equipment-demand-analysis-covid-19-impact-2020-2026
The COVID-19 pandemic is
impacting the global population in drastic ways. In several countries, older
people are facing the most threats and challenges. Although all age groups are
at risk of contracting COVID-19, elder people face a significant risk of
developing severe illness if they contract the disease due to physiological
changes that come with aging and potential underlying health conditions.
Electronic patient monitor volumetric infusion pump, defibrillator, ventilator,
oxygen delivery system and anesthetic machine among others are some of the
major types of equipment that are required for treating the patient and to keep
a close look at them. Ventilators are in huge demand are expected to show the
highest growth in the market revenue in 2020. Several companies are taking
measures to increase their production. Moreover, some of the companies such as
Ford, have already opened a manufacturing site for production. Hospitals and
clinics are the major end-users of this equipment. Other than the hospitals and clinics ambulatory care and home setting
are the other end users. Demand for critical care equipment is highest in the
hospitals due to the rising COVID-19 cases. Patients suffering from COVID-19 require
ventilators and other critical care equipment for supporting them during the
treatment. Hospitals are over-occupied by COVID-19 patients and is
currently an institution where a person is most likely to catch an infection.
To decrease the further infection and spread of the disease algorithms must be
implemented to identify which patients with respiratory symptoms that may be
due to COVID-19 can be managed by telephone and advised to stay home.
Additionally, for better
investigation and penetration of Critical Care Equipment, the report gives an
in-detailed analysis of Critical Care Equipment adoption across the world. The
market is classified into distinct Countries that are adversely affected by
COVID-19 including the US, Spain, Italy, Germany, France, UK, Turkey, Iran,
Russia, India and the rest of the world. In 2019, the United States dominated
the Critical Care Equipment Market due to the highest number of COVID-19
affected people. The situation is going to further worsen in some countries
like India as the number of affected is increasing day by day. The supply of
the ventilator is outnumbering its demand and thus, encouraging manufacturing
companies to increase their production.
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Some of the major companies
profiled in Global Critical Care Equipment Market are B. Braun Melsungen AG, Mindray Bio-Medical
Electronics, Medtronic PLC, Nihon Kohden, General Electric, Getinge AB, Beijing
Aeonmed, Koninklijke Philips N.V., Drägerwerk AG, Integra LifeSciences Holdings
Corporation are some of the prominent players operating in the
Global Critical Care Equipment market. Several M&A’s along with
partnerships have been undertaken by these players to facilitate costumers with
hi-tech and innovative products.
Global Critical
Care Equipment Market Segmentation
Market Insight, by
Product Type
Electronic patient monitor
Volumetric infusion pump
Defibrillator
Ventilator
Oxygen Delivery System
Anesthetic Machine
Others
Market Insight, by
End Users
Hospital & Clinics
Ambulatory Care
Home Setting
Market Insight, by
Country
United States
Italy
Spain
France
Germany
United Kingdom
Turkey
Iran
Netherlands
India
Rest of World
Top Company
Profiled
B. Braun Melsungen AG
Mindray Bio-Medical
Electronics
Medtronic PLC
Nihon Kohden
General Electric
Getinge AB
Beijing Aeonmed
Koninklijke Philips N.V.
Drägerwerk AG
Integra LifeSciences Holdings
Corporation
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Critical
Care Equipment Market can further be customized as per the requirement or
any other market segment. Besides this, UMI understands that you may have your
own business needs, hence feel free to connect with us to get a report that
completely suits your requirements.
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Labels: CCE Market Research, COVID-19, COVID-19 – Pipeline Analysis, COVID-19 Impact, critical care equipment market, Healthcare Market Research, market research, market research report