Global life support equipment market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing healthcare expenditure and technological advancement in healthcare industry are the factor for the market growth.
Life support equipment market report is a particular investigation of the medical device business which clarifies what the market definition, arrangements, applications, commitment, and worldwide industry patterns are. life support equipment market research report serves to be an exceptionally huge segment of business system. Excellent practice models and method of research utilized while generating this report reveals the best opportunities to thrive in the market. With the market data of this life support equipment report, emerging trends along with major drivers, challenges and opportunities in the market for medical device industry can be identified and analysed. The life support equipment report presents market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios.
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Key Market Competitors:
Few of the major competitors currently working in the global life support equipment market are Patten co., Inc., Skf Motion Technologies, Life Support Systems., Medicop, BD, Baxter., BPL Medical Technologies, Getinge AB, Drägerwerk AG & Co. KGaA, GENERAL ELECTRIC COMPANY, Hamilton Medical, Koninklijke Philips N.V., Medtronic, Nihon Kohden Corporation, Skanray Technologies Pvt. Ltd, Narang Medical Limited, DEMCON Macawi Medical Systems B.V., Teleflex Incorporated among others.
Key Developments in the Market:
- In October 2018, Royal Philip announced the launch of their InnoSpire Go which is the new and portable nebulizer system. This specially designed to decrease the treatment time. The main aim of the launch is to provide the patient with respiratory disease with fast and effective therapy
- In August 2017, Hamilton Medical announced the launch of their new HAMILTON-C6 which is a ventilator specially designed for the critical care. It is an integration of ease of use, mobility, compactness, and sophisticated characteristics which enables clinicians to provide the entire patient with individual, lung-protective ventilation treatment. It also have new technology IntelliSync+ which has the ability to avoid patient-ventilator asynchronies and their impact on the patients
Global life support equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of life support equipment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa
- Increasing government support to the healthcare system will drive the market growth
- Rising aging population will also enhance the market growth
- Increasing investment in the healthcare sector acts as a market driver
- Growing income among population will also contribute as a factor for the market growth
- Increasing cases of heart diseases will also uplift the market growth in the forecast period
- High cost of the equipment will hamper the market growth
- Availability of cheaper critical care equipment in the market will also restrain the growth of the market
- Dearth of ambulatory services acts as a restricting factor for this market growth
Segmentation: Global Life Support Equipment Market
- Continuous Positive Airways Pressure Devices
- Enteral Feeding Pump
- External Heart Pump
- Hemodialysis Machine
- Intermittent Peritoneal Dialysis Machine
- Oxygen Concentrators
- Phototherapy Equipment
- Power Wheelchairs For Quadriplegics
- Total Parental Nutrition
- Pediatric And Neonates
By End- User
- Trauma Center
- Ambulatory Surgical Centers
- North America
- South America
- Middle East and Africa
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