What are the latest trending technics of Critical Care Equipment Industry 2020 Analysis

 Global Critical Care Equipment Market was valued at US$ 27,360.0 million in 2019 and is anticipated to witness very high growth in 2020 and would reach a market size of US$ 40,378.7 million by the end of 2020. Further the market is expected to witness a CAGR growth of 6.1% during the 2021-2026 period. Critical Care Equipment is majorly utilized for supporting the patients during surgery or in intensive critical care units.

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 ICUs are created to look after the welfare of patients that need ventilators, blood pressure support and medication. Currently, the demand for critical care equipment such as ventilators is skyrocketed due to the exponential increase in the patients suffering from COVID-19. Patients are individually monitored with a variety of bedside physiologic monitors, and ICU rooms are designed to have redundant gas and electric sources. The world is suffering from a major crisis due to the shortage of ICU beds and other critical care equipment. Hospitals are majorly suffering from the shortage of ventilators and other breathing machines as this equipment helps COVID-19 with breathing. Usually patients need to be sedated and have a breathing tube put into their windpipe or through the neck. Numerous countries are suffering from the ICU shortage. The elderly population is a major risk due to lower immunity and additional medical conditions.

The rapid escalation in Critical Care Equipment is mainly characterized by the accelerating influx of patients in critical care and rapidly rising cases of COVID-19. Cases of COVID-19 are increasing exponentially from just 580 cases on Jan 22 2020 to more than 5.08 million on May 20th 2020. Rising COVID-19 cases has fueled the adoption of clinical care equipment as it has spread across the world, the ICU community must prepare for the challenges associated with this pandemic. Companies that do not operate in these segments are establishing a manufacturing unit to deal with this war-like situation. For instance, In April 2020, workers at a Ford manufacturing plant set up new production lines. Ford aims at producing 1,500 ventilators by the end of the month. B. Braun Melsungen AG, Mindray Bio-Medical Electronics, Medtronic PLC, Nihon Kohden, General Electric, Getinge AB, Heyer Medical AG, Koninklijke Philips N.V., Dr?gerwerk 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.