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The medical ventilator market is driven by several key factors, including the growing prevalence of acute and chronic illnesses, technological innovations in medical ventilators, an increasing number of approvals and product launches, and government support for medical ventilators. However, stringent regulations and associated risks act as hindrances to the market's growth.
The global medical ventilators market is categorized based on ventilation into combined mode ventilation, volume-mode ventilation, and pressure-mode ventilation. The rising demand for ventilation in the medical device industry is expected to fuel the growth of this segment. In particular, combined mode ventilation is projected to experience a high compound annual growth rate (CAGR) in 2020. This can be attributed to its advantages over traditional pressure-mode and volume-mode ventilation. Combined-mode ventilation offers both modes, making it a desirable product in the market.
The portability segment of the global medical ventilator market is divided into stationary and portable ventilators. Stationary ventilators held the majority share in 2019 due to their widespread use. Conversely, the portable ventilators segment is anticipated to be the fastest-growing, driven by technological advancements and increased preference for this model.
Segmented by interface, the market includes invasive and non-invasive medical ventilators. The growing demand for ventilation in healthcare settings, particularly for life-saving interventions, is expected to drive the growth of this segment. Ventilators are crucial for patients with permanent respiratory issues or preterm births. The non-invasive ventilators segment is poised for the fastest growth, primarily owing to technological advancements in medical ventilators.
In terms of technology, the market is categorized into automated ventilators and mechanical ventilators. The increasing adoption of new technologies by manufacturers and the presence of numerous medical manufacturers contribute to the growth of this segment.
Applications of medical ventilators encompass critical care, neonatal care, emergency care, and others. The market has witnessed a significant boost due to the sudden global outbreak of COVID-19, the rising elderly population, and an increase in the incidence of chronic obstructive pulmonary disease (COPD). These factors collectively contribute to the expanding demand for ventilators across various healthcare settings.
While the medical ventilator market experiences growth drivers, the challenges of strict regulations and associated risks underscore the need for a balanced approach to ensure the safety and efficacy of these critical medical devices.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â Â 6.60% |
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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