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Asia and North Africa Critical Care Equipment Market by Product - Competitive Analysis & Forecasts to 2021 | ||
By: PR Newswire Association LLC. - 24 May 2016 | Back to overview list |
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NEW YORK, May 24, 2016 /PRNewswire/ -- The critical care devices market is expected to reach USD 2.61 billion by 2021, at a CAGR of 8.0% from 2016 to 2021. The growth of the overall critical care devices market is driven by factors such as technological advancements in critical care products, rising use of home use and remote monitoring devices, and growing patient population base in the emerging regions. In addition, increasing medical tourism in various countries across Asia are offering new growth opportunities for players in the critical care devices market. On the other hand, high cost of these devices and lack of regulatory policies are the key challenges faced by the market players. Geographically, Asia (excluding India) is expected to command the largest share of the critical care devices market in 2016, followed by Middle East and North Africa. A number of factors such as rising demand for low-cost critical care devices offered by Chinese manufacturers, growing focus of players on the Asian patient monitors market, rising geriatric population, increasing incidence and prevalence of chronic and respiratory diseases, and availability of the universal healthcare reimbursement policy in Japan are contributing to the growth of the Asian critical care devices market. The critical care devices market consists of a large number of big, medium, and small-sized companies. As of 2015, the Indian patient monitors, ventilators, and infusion pumps market was dominated by Koninklijke Philips N.V. (Netherlands), Drägerwerk AG & Co. KGaA (Germany), and B. Braun Melsungen AG (Germany), respectively. New product launches and product approvals; partnerships, agreements, and collaborations; acquisitions; and geographic expansions were the major strategies adopted by most of the market players between 2013 and 2015 to achieve growth in the critical care devices market. The report provides insights on the following pointers: http://www.reportlinker.com SOURCE Reportlinker |
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Copyright 2016 PR Newswire Association LLC. | Back to overview list |