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MEA Critical Care Equipment Market Share

ID: MRFR//2035-HCR | 65 Pages | Author: Kinjoll Dey| December 2024

Technological advancements have been a crucial catalyst for the growth of respiratory care devices, playing a pivotal role in the expansion of the medical ventilator market. The market has witnessed a surge in the development of patient-friendly, cost-effective, and portable medical ventilator devices, further driving its growth trajectory. Notably, innovation in medical ventilators has gained prominence, particularly during the COVID-19 pandemic, where these devices play a vital role in saving lives.
In April 2020, significant technological innovations emerged:

India's Ventilator Invention: In India, scientists and neurosurgeons collaborated to create a compact ventilator, the size of a toaster, designed to combat the challenges posed by the coronavirus. Priced at USD 2000, this ventilator efficiently delivers breathable air to patients, contributing to the fight against COVID-19.

Xerox's Disposable Ventilators: Xerox Holdings Corporation announced its commitment to rapidly scale up the production of affordable, disposable ventilators. These ventilators serve as a critical solution to address the shortage of hospital-grade ventilators during the COVID-19 pandemic.

Tesla's Ventilator Initiative: Tesla, the electric vehicle manufacturer, outlined plans to repurpose its extensive inventory of auto parts for the production of ventilators. This initiative aimed to bolster the nation's supply of essential breathing machines during the ongoing health crisis.

RCF's Low-Cost Ventilator Prototype: The Rail Coach Factory (RCF) in Kapurthala, India, a public sector undertaking under the Indian Railway, developed a low-cost ventilator prototype. Designed for use in isolation wards and quarantine facilities set up in train coaches by Indian Railways, this innovation showcased the adaptability of technology in addressing urgent healthcare needs.

As part of market strategies, several key players are focusing on obtaining regulatory approvals and launching new products to fortify their market positions. These initiatives contribute to the overall growth of the medical ventilator market.

In June 2019, the Hamad Medical Corporation (HMC) collaborated with specialists from seven international centers to introduce a revolutionary mechanical ventilation technique named Evone. This technique was implemented for patients undergoing surgery at the hospital, marking a significant milestone in respiratory care.

In May 2020, Indian companies, including Alpha Design Technologies Pvt Ltd, Bharat Forge Ltd, and Medha Servo Drives Pvt Ltd, secured a license from NASA to manufacture indigenously developed ventilators. This licensing agreement aimed to address the critical needs of COVID-19 patients.

On March 31, 2020, Medtronic unveiled the Puritan Bennett (PB) 560 portable ventilator hardware. To meet the surging demand for ventilators during the pandemic, the complete specifications and product manuals were made accessible to the public, facilitating broader access to this vital medical equipment.

Covered Aspects:

Report Attribute/Metric	Details
Growth Rate	6.60%

MEA Critical Care Equipment Market Highlights:

MEA Critical Care Equipment Market Trends

MEA Critical Care Equipment Market Analysis

MEA Critical Care Equipment Market Share

MEA Critical Care Equipment Companies

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

MEA Critical Care Equipment Companies

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