The critical care devices market is highly competitive, with a number of key players dominating the industry. Major players in this market are constantly focusing on improving their product offerings to stay ahead of the competition. The market is characterized by intense rivalry, rapid technological advancements, and the need for substantial investments in research and development. The key players in the critical care devices market are continually striving to expand their global presence through strategic partnerships, mergers, acquisitions, and collaborations.
Top Market Players:
1. Medtronic
2. General Electric Company
3. Koninklijke Philips N.V.
4. Becton, Dickinson and Company
5. Smiths Group plc
6. Fresenius SE & Co. KGaA
7. Drägerwerk AG & Co. KGaA
8. Getinge AB
9. Hamilton Medical
10. Nihon Kohden Corporation
Recent Industry Developments:
1. In July 2021, Medtronic announced the acquisition of privately-held Intersect ENT, Inc., a company that provides sinus implants and related medical devices for the treatment of patients with ear, nose, and throat conditions.
2. In May 2021, General Electric Company launched a new version of its CARESCAPE R860 Ventilator, which provides a simplified user experience, advanced tools, and analytics to help clinicians manage patient ventilation.
3. In April 2021, Philips announced a partnership with Masimo Corporation to integrate Masimo's measurement technologies into select Philips patient monitoring devices, providing clinicians with advanced patient monitoring and therapy solutions.