COVID-19 Impact on Critical Care Device Market By Product Type (Most-Attractive Markets (Ventilators, Sleep Apnea Devices, Respiratory Monitoring Devices, Hyperbaric Oxygen Therapy Devices, and Infusion Pumps) and Less-Affected Markets (Defibrillators, Anesthesia Monitors & Machines, and Blood Warmer Devices)), By End-user (Hospitals & Clinics, Ambulatory Care, and Home Setting), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2020

The outbreak of the COVID-19 pandemic is affecting the global population in drastic ways. In numerous countries, older people are facing the most challenges and threats. 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, ventilator, defibrillator, oxygen delivery system, and anesthetic machine among others are some of the foremost types of devices that are needed for treating and monitoring the patient. Ventilators are in vast demand are projected to register the highest growth in the market revenue in 2020. Several companies are taking action to expand their production. The COVID-19 Impact on Critical Care Device Market accounted for US$ 26.21 billion in 2019 and is estimated to register a CAGR of 45.8% in 2019-2020.

Increasing cases of COVID-19 has driven the adoption of clinical care device as it has spread across the world. In May 2020, the number of COVID-19 cases in the U.S. has surged to 1.59 million, followed by Russia with 0.308 million and Brazil with 0.293 million. Companies that are not involved in these segments are also establishing a manufacturing unit to deal with this war-like situation. For instance, In April 2020, workers at a Ford manufacturing plant started up new production lines. Ford partnered with Thermo Fisher to produce critical medical equipment and supplies, including face masks and reusable gowns from airbag materials to ramp up production of COVID-19 collection kits to test for the virus. This wider plan highlights the latest effort by automakers and medical device manufacturers to meet the growing demands of equipment and supplies such as face masks, face shields, protective gowns, and ventilators, a medical device that is used in the treatment of COVID-19. Further, in March 2020, Ford announced a partnership with 3M to build Powered Air-Purifying Respirators (PAPRs).

The global COVID-19 impact on critical care device market is segmented based on product type, end-user, and region.

On the basis of the product type, the global COVID-19 impact on critical care device market is segmented into most-attractive markets (ventilators, sleep apnea devices, respiratory monitoring devices, hyperbaric oxygen therapy devices, and infusion pumps) and less-affected markets (defibrillators, anesthesia monitors & machines, and blood warmer devices). Based on the end-user, the target market is segmented into hospitals & clinics, ambulatory care, and home settings.

In the region, the global COVID-19 impact on critical care device market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is expected to account for the highest CAGR in the coming years. Factors such as the highest number of COVID-19 cases, increased availability to advanced healthcare facilities, and the presence of a large number of companies that can ramp up the production of these devices are boosting the demand for critical care devices.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029.  For the purpose of this study, has segmented the global COVID-19 Impact on critical care device market report based on product type, end-user, and region.

 Global COVID-19 Impact on Critical Care Device Market, By Product Type:

• Most-Attractive Markets

• Ventilators
• Sleep Apnea Devices
• Respiratory Monitoring Devices
• Hyperbaric Oxygen Therapy Devices
• Infusion Pumps

• Less-Affected Markets

• Defibrillators
• Anesthesia Monitors & Machines
• Blood Warmer Devices

Global COVID-19 Impact on Critical Care Device Market, By End-user:

• Hospitals & Clinics
• Ambulatory Care
• Home Setting

Global COVID-19 Impact on Critical Care Device Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • U.S.
  • Canada

The key players operating in the global COVID-19 impact on critical care device market include B. Braun Melsungen AG, Medtronic PLC, Mindray Bio-Medical Electronics Co., Ltd, Nihon Kohden Inc., GE Healthcare, Dragerwerk AG, Getinge AB, Aeonmed, Royal Philips NV, and Integra LifeSciences. These companies have increased their overall production of critical care equipment due to the sudden COVID-19 outbreak in order to fulfill the increased demand for this equipment globally.

• B. Braun Melsungen AG
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Medtronic PLC
• Mindray Bio-Medical Electronics Co., Ltd.
• Nihon Kohden, Inc.
• GE Healthcare
• Dragerwerk AG
• Getinge AB
• Aeonmed
• Royal Philips NV
• Integra LifeSciences

 “*” marked represents similar segmentation in other categories in the respective section