How Has the Critical Care Equipment Market Performed Historically and What is its Future Trajectory?
The critical care equipment market size has witnessed a significant growth, rising from $5.73 billion in 2024 to $6.16 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. This growth was majorly driven by factors such as developments in healthcare infrastructure, regulatory environment changes, certain disease patterns, economic factors, and varying patient preferences.
As per future forecasts, the critical care equipment market is expected to continue its upward trajectory, projected to reach $8.71 billion in 2029 with a robust CAGR of 9.1%. This window of growth opens up due to investment in innovation, R&D, the handling of global health threats, adoption of value-based healthcare, the development of emerging markets, and considerations for climate and environmental impact. The scope of growth during this future period will also be shaped by major trends such as technological advancements, remote patient monitoring, personalized medicine and customization, preparation for global health events, and the ensuring of data security and privacy.
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What is Driving the Critical Care Equipment Market Growth?
Increased occurrences of chronic diseases are set to drive the growth of the critical care equipment market. Chronic diseases necessitate constant medical attention and have a significant impact on daily activities, thereby increasing the need for critical care equipment. As key components providing life support in the intensive care unit for managing complications from chronic diseases, surgical complications, severe infections, and serious respiratory issues, critical care equipment play a significant role in healthcare. World Health Organization reports suggest that chronic diseases accounted for 74 percent of deaths globally in 2022, with 17 million people dying from chronic diseases before reaching the age of 70. By 2025, these diseases are projected to affect an estimated 164 million people, underlining the need for advanced critical care equipment.
What Are the Key Segments of the Global Critical Care Equipment Market?
The critical care equipment market can be segmented as –
1) By Product Type: Patient Monitors, Ventilators, Infusion Pumps, Sleep Apnea Devices, Other Products
2) By Monitoring Type: Hemodynamic Monitoring, Vital Signs Monitoring, Neurologic Monitoring, Brain Function Monitoring, Monitoring Types
3) By Patient Type: Adult, Geriatric, Pediatric, Neonates
4) By Distribution Channel: Direct Tender, Retail Sales, Third Party Distribution, Other Distribution Channels
5) By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Other End Users
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Who Are the Major Players in the Critical Care Equipment Market?
Prominent companies operating in the critical care equipment market include AKAS Medical, B. Braun Melsungen AG, BPL Medical Technologies Pvt. Ltd., Drägerwerk AG & Co. KGaA, General Electric Company, Koninklijke Philips N.V., MAQUET Holding B.V. & Co. KG, Medtronic plc, Nihon Kohden Corporation, Skanray Technologies Ltd., Smiths Medical Inc., and Getinge AB among others.
What Are the Emerging Trends in the Critical Care Equipment Market?
Product innovation ranks as a key trend in the critical care equipment market. For example, Getinge AB, a Sweden-based medical technology company, launched a new product ‘Servo-C mechanical ventilator’ in January 2023. This new addition, offering lung-protective therapeutic tools for treating both pediatric and adult patients, has unique features such as CO2 monitoring, high flow therapy, and personalized lung protection.
Which Region Dominates the Critical Care Equipment Market?
In 2024, North America had the largest share in the critical care equipment market. Other regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
What Does The Critical Care Equipment Market Report 2025 Offer?
Critical care equipment refers to medical devices used to treat patients with life-threatening illnesses or injuries, typically applied in an intensive care unit for managing surgical complications, accident injuries, severe infections, and serious respiratory issues. The Critical Care Equipment Market research report from The Business Research Company offers a detailed analysis of the market, presenting global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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