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The global medical ventilator market is home to prominent players, including Becton, Dickinson and Company, Koninklijke Philips N.V., GE Healthcare, Smiths Group PLC, ResMed Inc., and Vyaire Medical, among others. Beyond these industry giants, other companies are actively engaging in partnerships with smaller entities, investing in innovative technologies, and introducing new medical ventilators to the market.
In April 2020, Royal Philips collaborated with the US Government to bolster the production of hospital ventilators at its US manufacturing sites. The company aimed to double its production by May 2020 and successfully achieved a four-fold increase by the third quarter of 2020, meeting the growing demand for medical ventilators in the US and global markets.
Similarly, in May 2020, Vyaire Medical and Spirit Aerosystems joined forces to manufacture critical care ventilators, responding to the urgent needs arising from the COVID-19 pandemic.
Further strategic moves include Vyaire Medical's acquisitions in April 2018, where it acquired Acutronic, a developer of neonatal ventilation equipment, and IMT Medical, a mechanical ventilation device provider. These acquisitions, both based in Europe, demonstrated Vyaire Medical's commitment to expanding its capabilities and offerings.
In March 2020, a notable collaboration emerged when Ford and GE Healthcare licensed a ventilator design from Airon Corporation. The companies planned to produce 50,000 ventilators at a Michigan facility by July, contributing to the broader initiative to address the critical medical needs of COVID-19 patients.
Major industry players have recognized the potential for collaboration with innovative smaller entities to enhance the commercialization of their products.
The escalating demand for non-invasive medical ventilation systems is a key driver in the market. These ventilators offer advantages such as faster recovery times, shorter hospital stays, and the elimination of endotracheal tube usage. This makes them suitable for treating both acute and chronic respiratory failure. The increasing adoption of non-invasive ventilators for conditions like chronic obstructive pulmonary disease (COPD), asthma, pneumonia, and acute respiratory disease is expected to fuel substantial growth in the medical ventilator market. This trend not only meets the evolving healthcare needs but also opens up opportunities for manufacturers and emerging players in the market. As the market continues to evolve, these advancements in medical ventilator technology are likely to play a crucial role in shaping the industry landscape.
MEA Critical Care Equipment Market Highlights:
Middle East and Africa Critical Care Equipment Market Overview
Mea Critical Care Equipment Market Size was valued at USD 1.80 Billion in 2023. The Global Mea Critical Care Equipment industry is projected to grow from USD 2.10 Billion in 2024 to USD 2.20 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2024 - 2032). Critical care also known as intensive care is an essential medical practice to cure severe injuries or life-threatening medical conditions.
In critical care unit (CCU), medical professionals monitor and treat patient under controlled conditions with the help of critical care equipment. Critical care equipment are very useful to monitor and get accurate information about patient’s health conditions. These equipment provide life support to patients after they have gone through a major surgery, injury or have faced life threatening injuries. Healthcare expenditure is growing in Middle East and Africa region which comprise about 2% of the global healthcare expenditure. Developing healthcare infrastructure, technological advance facilities, government initiatives to improve the healthcare sector and growing cases of non-communicable diseases are driving the growth of the critical care equipment market in Middle East and Africa.
Key Players for Middle East and Africa Critical Care Equipment Market
Some of the key players in this market are namely Johnson & Johnson Services, Inc. (US), General Electric Company (US), Medtronic (Republic of Ireland), Siemens Healthcare Private Limited (Germany), Baxter (US), Koninklijke Philips N.V. (Netherlands)
Middle East and Africa Critical Care Equipment Market Segmentation
Middle East and Africa critical care equipment market has been segmented on the basis of type of equipment which includes patient monitor, medical ventilator, dialysis, iv pumps, infusion pump, suction apparatus, and others. On the basis of end user the market is segmented into hospitals, research laboratories and others.
Middle East and Africa Critical Care Equipment Market Regional Insights
Considering the scenario of Middle East and Africa critical care equipment market, UAE region is believed to be the largest market for the same in the above mentioned region. Moreover, Saudi Arabia market is also growing and is the second largest market for critical care equipment. On the other hand, Egypt’s market is expected to grow at a steady pace in the Middle-East critical care equipment market in future. Rest of the Middle East and Africa region is likely to have a limited but steady growth in the market.
The report of Middle East and Africa critical care equipment market by Market Research Future comprises extensive primary research along with detail analyses of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size with respect to estimated terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the market’s segments and regions.
Study Objectives of Critical Care Equipment Market:
- To provide detail analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the critical care equipment market.
- To provide insights about factors affecting the market growth.
- To analyze the critical care equipment market based on various analyses –which includes price analysis, supply chain analysis, Porters Five Forces analysis etc.
- To provide past and estimated future revenue of the market’s segments and sub-segments with respect to two main geographies and their countries.
- To provide country level analysis of the market with respect to the current market size and future prospect.
- To provide country level analysis of the market for segments which includes by type, by end user and its sub-segments.
- To provide overview of key players and their strategic profiling in the market; comprehensively analyzing their core competencies and drawing a competitive landscape of the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Middle East and Africa critical care equipment market.
Intended Audience
- Hospitals and clinics
- Critical care equipment devices manufacturers and suppliers
- Government and independent regulatory authorities
- Research laboratories
- Research and development (R&D) companies
- Market research and consulting service providers
- Medical research laboratories
- Potential investors
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