Global Critical Care Devices Market to Witness a Positive Growth Due to COVID-19 Crisis - Exclusive Reports [225 pages] by Research Dive

The COVID-19 crisis has impacted the global critical care devices market positively. This is owing to increased usage of critical care devices for the treatment of COVID-19 infected patients along with an increase in the geriatric population.

NEW YORK, Aug. 18, 2020 /PRNewswire/ -- The global critical care devices industry is likely to witness an increase in growth rate due to the outbreak of COVID-19. As per a new Research Dive published report, the Global Critical Care Devices Market accounted for $32.1 billion in 2019 and is projected to surpass $41.5 billion by 2027. Comprehensive analysis on drivers, challenges, restraints, lucrative opportunities, and strategies implemented by market players and governments across the globe to sustain in the COVID-19 crisis are further offered in the report.

Request to Download Sample COVID-19 Impact Analysis Report: https://www.researchdive.com/covid-19-insights/340/global-critical-care-devices-market#myQueryForm

Pre Market Forecast and the Current Market Scenario

The global critical care devices industry was likely to grow at a CAGR of 3.0% by 2026 prior to COVID-19 crisis. While due to the COVID-19 pandemic, now the market is predicted to rise at a CAGR of 3.2% during the forecast period. This is majorly due to the rising demand for critical care devices for the treatment of COVID-19 affected patients.

The projected pre COVID-19 market size for critical care devices market was $33.0 billion in 2020 and is expected to witness an impressive growth and reach up to $33.3 billion due to COVID-19 pandemic. The demand for intensive care units have increased due to COVID-19 outbreak, which is expected to boost the critical care devices market growth. In addition, governments of various countries across the globe are taking initiatives for treating numerous chronic patients, which is expected to boost the growth of the market in the forecast period. For instance, the Indian government in July 2020 introduced three production incentive schemes to fight against the corona virus. These schemes are worth Rs. 12,000 crores to boost the local manufacturing of API, bulk drugs, and medical devices.

Top 10 Companies operating in the Global Critical Devices Market:

1.  Cardinal Health

2.  GE Healthcare

3.  Breas Medical

4.  Biometrix

5.  Boston Scientific Corporation

6.  Asahi Kasei Corporation

7.  Air Liquide Medical Systems

8.  Airon Corporation

9.  Avanos Medical

10.  Biometrix.

The report summarizes various aspects of all these key players including financial performance, product portfolio, recent strategic moves & developments, and SWOT analysis. Download Sample Report [75 pages]:  https://www.researchdive.com/download-sample/340 

Post-Pandemic Industry Landscape

As per the report, the global critical care devices market is predicted to sustain its progressive growth even after the pandemic. Technological advancements in various critical care devices is the major factor expected to escalate the growth of the global market after the COVID-19 pandemic. For instance, Novalis has invested in Enzyre to support the development of an advanced hand-held diagnostic and monitoring critical care device, 'Enzypad' that helps in monitoring of haemophilia patient blood coagulation status.

Read More About Critical Care Devices:

The Global Critical Care Devices and How its Market has Been Affected by the COVID-19 Pandemic

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