Lucintel's latest market report analyzed that intensive care unit equipment provides attractive opportunities in the hospitals and specialty clinicst. The intensive care unit equipment market is expected to reach $XX billion by 2028 with a CAGR of 3% to 5%. In this market, ventilators is the largest segment by product, whereas cardiology is largest by application.

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Based on product, the intensive care unit equipment market is segmented into beds, ventilators, pulse oximeter, dialysis equipment, and others. The ventilators segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the surge in the number of patients with severe COVID-19 symptoms requiring ventilation in many countries.

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The Intensive Care Unit Equipment Market is marked by the presence of several big and small players. Some of the prominent players offering intensive care unit equipment include Baxter, BD Medical, Cardinal Health, Getinge AB, Invacare, Dragerwerk, GE Healthcare, Medtronic, ResMed, and Stryker.

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