The Asia and North Africa Critical Care Equipment Market is expected to reach USD 2.61 Billion by 2021 from USD 1.78 Billion in 2016, at a 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.
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Asia and North Africa Critical Care Equipment Market
Asia and the Middle East and North Africa (MENA) region offer high-growth potential for companies engaged in the development and marketing of critical care devices to hospitals and clinics. Growing geriatric population, increasing cases of chronic and respiratory diseases, growing number of local manufacturers, and increasing number of super-speciality hospitals are the key factors propelling the growth of the critical care devices market in the emerging countries.
Asia and North Africa Critical Care Devices Market by Region;
- India
- Asia (Excluding India)
- The Middle East and North Africa (MENA)
Rising demand for remote patient monitoring, high adoption rate of technologically advanced critical care devices, and increasing patient population base are contributing to the large share of the Asian critical care devices market.
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The patient monitors segment is expected to grow at the highest CAGR in the next five years, owing to the increasing patient population base and the high adoption of advanced patient monitoring devices by big hospitals and clinics in the emerging nations.
The patient monitor’s segment holds the largest share of the critical care devices market in emerging nations. The increased private sector investments and expansions, premium cost of devices, high replacement rates, and the development of multiparameter monitors are the key factors contributing to the growth of this market segment. Moreover, development of patient monitors with wireless and sensor technology and rising adoption of home-use and remote patient monitoring devices are other factors contributing to the growth of the patient monitors market in emerging nations.
key players in the Asia and North Africa Critical Care Equipment Market;
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).
