The Asia and North Africa Critical Care Equipment Market expected to reach USD 2.61 Billion by 2021, at CAGR of 8.0%.
Continuous technological advancements in critical care devices, increasing government support, growing private sector investments in the healthcare industry, and increasing patient population base are key factors fuelling the growth of the critical care devices market in the emerging nations. The high replacement rate of critical care devices, growing medical tourism in Asia, and the development of multiparameter monitors are some other prime factors offering growth opportunities for players in the critical care devices market. However, the high cost of these devices is restraining the growth of this market.
Asia and North Africa Critical Care Equipment Market
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Geographic Analysis For Asia and North Africa Critical Care Equipment Market:
- A further breakdown of the Middle East and North Africa and Asia market on the basis of price range (covering low, moderate, and high price ranges
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In the critical care devices market, leading players are adopting the strategies of new product launches and product enhancements; geographic expansions; agreements, partnerships, and collaborations; and acquisitions in order to increase their market shares. Market players adopted these strategies to access new technologies, develop novel products, expand their product portfolios and distribution networks, and enter into emerging markets. Leading players are also focusing towards increasing their market visibility and strengthening their research and development capabilities to maintain their shares in the critical care devices market in emerging nations.
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Asia and North Africa Critical Care Equipment Market Major Key Players:
Koninklijke Philips N.V. (Netherlands), General Electric Company (U.S.), Medtronic plc (U.S.), Drägerwerk AG & Co. KGaA (Germany), Skanray Technologies Pvt. Ltd (India), Maquet Holding B.V. & Co. KG. (Germany), B. Braun Melsungen AG (Germany), and Fresenius Kabi (Germany) are some of the key players operating in the critical care devices market.
Drägerwerk AG & Co. KGaA (Germany) held the leadership position in the Indian ventilators market in 2015. The company has a wide product portfolio of ventilator systems, such as neonatal ICU ventilation, subacute care ventilation, and emergency & transport ventilation. Over the past three years, the company adopted new product launches and expansions as its key business strategies to sustain its leading position in the Indian ventilators market.
