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Intensive Care Unit (ICU) Equipment Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 245 Pages
SKU # FOB19260672

Description

Intensive Care Unit (ICU) Equipment Market



Growth Factors of Intensive Care Unit Equipment Market

The intensive care unit equipment market size was valued at USD 6.84 billion in 2022, and the market is now projected to grow from USD 6.98 billion in 2023 to USD 9.13 billion by 2030, exhibiting a CAGR of 3.9% during the forecast period of 2023-2030.

The COVID-19 pandemic led to the utilization of more medical equipment including beds and ventilators that formed the intensive care unit equipment market growth. The healthcare system was developed considerably over the years, mainly in the regions that needed more attention, such as Lombardy. After the reduction during the pandemic, the demand is starting to level out, while future advancements and a significantly increasing population of geriatric patients will remain the driving forces of further market growth, particularly in emergent markets.

An increased incidence of chronic diseases including cardiovascular and respiratory diseases is also putting pressure on the number of ICU admissions in hospitals and thus fueling the intensive care unit equipment market share. Lifestyle changes, obesity and smoking are making respiratory diseases worse resulting in increasing demands for ICU. With the increasing incidence of chronic disease worldwide, the need for ICU equipment will also increase and, boost the overall market, particularly in developed and developing nations.

Furthermore, new technologies include artificial intelligence, such as ventilators or wireless smart beds with real-time control with automatic functions in ICUs. These innovations advance care and productivity in situations that require critical care. Moreover, the high demand for advanced technologies to incorporate in ICU equipment positively impacts the market during the forecast period.

Comprehensive Analysis of Intensive Care Unit Equipment Market

The intensive care unit equipment market and the healthcare industry are experiencing tremendous growth due to its segmentation. This market expansion essentially affords a detailed regional outlook given the supply side and demand side forces that shape the healthcare market. These segmentations are methodically segregated by products, by patients, by applications and by end user. The products include, Beds, Ventilators, Pulse Oximeters, Dialysis Equipment and Others. The patient includes, Adult and Pediatric. The application include, Neurology, Cardiology, Respiratory, Oncology, Trauma and Others. The end user includes, Hospitals, Specialty Clinics and Others.

North America became the biggest market with 36.69% in the year 2022 owing to aspects such as the increasing prevalence of diseases in the region and the growing population of geriatrics. Additional factors that boosted its expansion are increased ICU requirements because of COVID-19 and developed healthcare systems in the area. An increase in the demand for ventilators and other ICU equipment was observed, so U.S. manufacturers increased production of these devices.

The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), Getinge AB (Sweden), Medtronic (Ireland), Fresenius SE & Co. KGaA (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), HILL-ROM HOLDINGS, INC. (U.S.), Medline Industries, Inc. (U.S.), B. Braun Melsungen AG (Germany), Edwards Lifesciences Corporation (U.S.) and Invacare Corporation (U.S.). These market players provide a level-playing competitive landscape.

In March 2023, SAMRIDH Healthcare offered funding support to Critical Care Hope to set up tele-ICUs across the country with the vision of providing critical care at a distance.

Segmentation Table

Global Intensive Care Unit Equipment Market Scope

Study Period 2019-2030

Base Year 2022

Forecast Period 2023-2030

Growth Rate CAGR of 3.9% from 2023 to 2030

Historical Period 2019-2021

Unit Value (USD Billion)

Segmentation By Product, Patient, Application, End User, and Region

By Product Beds

Ventilators

Pulse Oximeters

Dialysis Equipment

Others

By Patient Adult

Pediatric

By Application Neurology

Cardiology

Respiratory

Oncology

Trauma

Others

By End User Hospitals

Specialty Clinics

Others

By Region North America (By Product, By Patient, By Application, By End User, and By country)
  • U.S. (By Product)
  • Canada (By Product)
Europe (By Product, By Patient, By Application, By End User, and By Country/Sub-region)
  • The U.K. (By Product)
  • Germany (By Product)
  • France (By Product)
  • Italy (By Product)
  • Spain (By Product)
  • Scandinavia (By Product)
  • Rest of Europe (By Product)
Asia Pacific (By Product, By Patient, By Application, By End User, and By Country/Sub-region)
  • China (By Product)
  • Japan (By Product)
  • India (By Product)
  • Australia (By Product)
  • Southeast Asia (By Product)
  • Rest of Asia Pacific (By Product)
Latin America (By Product, By Patient, By Application, By End User, and By Country/Sub-region)
  • Brazil
  • Mexico
  • Rest of Latin America
The Middle East & Africa (By Product, By Patient, By Application, By End User, and By Country/Sub-region)
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

Table of Contents

245 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Prevalence of Key Indications, By Key Regions/Countries, 2022
4.2. Recent Industry Developments - Mergers, Acquisitions, and Partnerships
4.3. Regulatory Scenario, By Key Regions/Countries
4.4. Number of ICU Admissions, By Key Countries, 2019-2022
4.5. Impact of COVID-19 on the Market
5. Global Intensive Care Unit (ICU) Equipment Market Analysis, Insights and Forecast, 2019-2030
5.1. Market Analysis, Insights and Forecast – By Product
5.1.1. Beds
5.1.2. Ventilators
5.1.3. Pulse Oximeters
5.1.4. Dialysis Equipment
5.1.5. Others
5.2. Market Analysis, Insights and Forecast – By Patient
5.2.1. Adult
5.2.2. Pediatric
5.3. Market Analysis, Insights and Forecast – By Application
5.3.1. Neurology
5.3.2. Cardiology
5.3.3. Respiratory
5.3.4. Oncology
5.3.5. Trauma
5.3.6. Others
5.4. Market Analysis, Insights and Forecast – By End User
5.4.1. Hospitals
5.4.2. Specialty Clinics
5.4.3. Others
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East and Africa
6. North America Intensive Care Unit (ICU) Equipment Market Analysis, Insights and Forecast, 2019-2030
6.1. Market Analysis, Insights and Forecast – By Product
6.1.1. Beds
6.1.2. Ventilators
6.1.3. Pulse Oximeters
6.1.4. Dialysis Equipment
6.1.5. Others
6.2. Market Analysis, Insights and Forecast – By Patient
6.2.1. Adult
6.2.2. Pediatric
6.3. Market Analysis, Insights and Forecast – By Application
6.3.1. Neurology
6.3.2. Cardiology
6.3.3. Respiratory
6.3.4. Oncology
6.3.5. Trauma
6.3.6. Others
6.4. Market Analysis, Insights and Forecast – By End User
6.4.1. Hospitals
6.4.2. Specialty Clinics
6.4.3. Others
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.1.1. By Product
6.5.2. Canada
6.5.2.1. By Product
7. Europe Intensive Care Unit (ICU) Equipment Market Analysis, Insights and Forecast, 2019-2030
7.1. Market Analysis, Insights and Forecast – By Product
7.1.1. Beds
7.1.2. Ventilators
7.1.3. Pulse Oximeters
7.1.4. Dialysis Equipment
7.1.5. Others
7.2. Market Analysis, Insights and Forecast – By Patient
7.2.1. Adult
7.2.2. Pediatric
7.3. Market Analysis, Insights and Forecast – By Application
7.3.1. Neurology
7.3.2. Cardiology
7.3.3. Respiratory
7.3.4. Oncology
7.3.5. Trauma
7.3.6. Others
7.4. Market Analysis, Insights and Forecast – By End User
7.4.1. Hospitals
7.4.2. Specialty Clinics
7.4.3. Others
7.5. Market Analysis, Insights and Forecast – By County/ Sub-region
7.5.1. U.K
7.5.1.1. By Product
7.5.2. Germany
7.5.2.1. By Product
7.5.3. France
7.5.3.1. By Product
7.5.4. Spain
7.5.4.1. By Product
7.5.5. Italy
7.5.5.1. By Product
7.5.6. Scandinavia
7.5.6.1. By Product
7.5.7. Rest of Europe
7.5.7.1. By Product
8. Asia Pacific Intensive Care Unit (ICU) Equipment Market Analysis, Insights and Forecast, 2019-2030
8.1. Market Analysis, Insights and Forecast – By Product
8.1.1. Beds
8.1.2. Ventilators
8.1.3. Pulse Oximeters
8.1.4. Dialysis Equipment
8.1.5. Others
8.2. Market Analysis, Insights and Forecast – By Patient
8.2.1. Adult
8.2.2. Pediatric
8.3. Market Analysis, Insights and Forecast – By Application
8.3.1. Neurology
8.3.2. Cardiology
8.3.3. Respiratory
8.3.4. Oncology
8.3.5. Trauma
8.3.6. Others
8.4. Market Analysis, Insights and Forecast – By End User
8.4.1. Hospitals
8.4.2. Specialty Clinics
8.4.3. Others
8.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
8.5.1. Japan
8.5.1.1. By Product
8.5.2. China
8.5.2.1. By Product
8.5.3. India
8.5.3.1. By Product
8.5.4. Australia
8.5.4.1. By Product
8.5.5. Southeast Asia
8.5.5.1. By Product
8.5.6. Rest of Asia Pacific
8.5.6.1. By Product
9. Latin America Intensive Care Unit (ICU) Equipment Market Analysis, Insights and Forecast, 2019-2030
9.1. Market Analysis, Insights and Forecast – By Product
9.1.1. Beds
9.1.2. Ventilators
9.1.3. Pulse Oximeters
9.1.4. Dialysis Equipment
9.1.5. Others
9.2. Market Analysis, Insights and Forecast – By Patient
9.2.1. Adult
9.2.2. Pediatric
9.3. Market Analysis, Insights and Forecast – By Application
9.3.1. Neurology
9.3.2. Cardiology
9.3.3. Respiratory
9.3.4. Oncology
9.3.5. Trauma
9.3.6. Others
9.4. Market Analysis, Insights and Forecast – By End User
9.4.1. Hospitals
9.4.2. Specialty Clinics
9.4.3. Others
9.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
9.5.1. Brazil
9.5.1.1. By Product
9.5.2. Mexico
9.5.2.1. By Product
9.5.3. Rest of Latin America
9.5.3.1. By Product
10. Middle East and Africa Intensive Care Unit (ICU) Equipment Market Analysis, Insights and Forecast, 2019-2030
10.1. Market Analysis, Insights and Forecast – By Product
10.1.1. Beds
10.1.2. Ventilators
10.1.3. Pulse Oximeters
10.1.4. Dialysis Equipment
10.1.5. Others
10.2. Market Analysis, Insights and Forecast – By Patient
10.2.1. Adult
10.2.2. Pediatric
10.3. Market Analysis, Insights and Forecast – By Application
10.3.1. Neurology
10.3.2. Cardiology
10.3.3. Respiratory
10.3.4. Oncology
10.3.5. Trauma
10.3.6. Others
10.4. Market Analysis, Insights and Forecast – By End User
10.4.1. Hospitals
10.4.2. Specialty Clinics
10.4.3. Others
10.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
10.5.1. GCC
10.5.1.1. By Product
10.5.2. South Africa
10.5.2.1. By Product
10.5.3. Rest of Middle East and Africa
10.5.3.1. By Product
11. Competitive Analysis
11.1. Global Market Share Analysis (2022)
11.2. Company Profiles
11.2.1. Koninklijke Philips N.V
11.2.1.1. Overview
11.2.1.2. Products
11.2.1.3. SWOT Analysis
11.2.1.4. Recent Developments
11.2.1.5. Strategies
11.2.1.6. financials (Based on Availability)
11.2.2. GENERAL ELECTRIC COMPANY
11.2.2.1. Overview
11.2.2.2. Products
11.2.2.3. SWOT Analysis
11.2.2.4. Recent Developments
11.2.2.5. Strategies
11.2.2.6. financials (Based on Availability)
11.2.3. Medtronic
11.2.3.1. Overview
11.2.3.2. Products
11.2.3.3. SWOT Analysis
11.2.3.4. Recent Developments
11.2.3.5. Strategies
11.2.3.6. financials (Based on Availability)
11.2.4. Edwards Lifesciences Corporation
11.2.4.1. Overview
11.2.4.2. Products
11.2.4.3. SWOT Analysis
11.2.4.4. Recent Developments
11.2.4.5. Strategies
11.2.4.6. financials (Based on Availability)
11.2.5. Fresenius SE & Co. KGaA
11.2.5.1. Overview
11.2.5.2. Products
11.2.5.3. SWOT Analysis
11.2.5.4. Recent Developments
11.2.5.5. Strategies
11.2.5.6. financials (Based on Availability)
11.2.6. Invacare Corporation.
11.2.6.1. Overview
11.2.6.2. Products
11.2.6.3. SWOT Analysis
11.2.6.4. Recent Developments
11.2.6.5. Strategies
11.2.6.6. financials (Based on Availability)
11.2.7. Medline Industries, Inc
11.2.7.1. Overview
11.2.7.2. Products
11.2.7.3. SWOT Analysis
11.2.7.4. Recent Developments
11.2.7.5. Strategies
11.2.7.6. financials (Based on Availability)
11.2.8. B. Braun Melsungen AG
11.2.8.1. Overview
11.2.8.2. Products
11.2.8.3. SWOT Analysis
11.2.8.4. Recent Developments
11.2.8.5. Strategies
11.2.8.6. financials (Based on Availability)
11.2.9. HILL-ROM HOLDINGS, INC.
11.2.9.1. Overview
11.2.9.2. Products
11.2.9.3. SWOT Analysis
11.2.9.4. Recent Developments
11.2.9.5. Strategies
11.2.9.6. financials (Based on Availability)
11.2.10. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
11.2.10.1. Overview
11.2.10.2. Products
11.2.10.3. SWOT Analysis
11.2.10.4. Recent Developments
11.2.10.5. Strategies
11.2.10.6. financials (Based on Availability)
11.2.11. Getinge AB
11.2.11.1. Overview
11.2.11.2. Products
11.2.11.3. SWOT Analysis
11.2.11.4. Recent Developments
11.2.11.5. Strategies
11.2.11.6. financials (Based on Availability)

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