U.S. Intensive Care Unit (ICU) Equipment Market Size, Share & COVID-19 Impact Analysis, By Product (Beds, Ventilators, Pulse Oximeters, Dialysis Equipment, and Others), By Patient (Adult and Pediatric), By Application (Neurology, Cardiology, Respiratory, Oncology, Trauma, and Others), By End-user (Hospitals, Specialty Clinics, and Others), and Country Forecast, 2023-2030

The U.S.intensive care unit (ICU) equipment market size was worth USD 2.27 billion in 2022 and is projected to grow at a CAGR of 4.3% during the forecast period. 

The intensive care unit is a separate, self-contained area within a medical facility that provides the highest level of patient care and treatment for critically ill patients with potentially recoverable life-threatening conditions. It is equipped with high-tech specialized equipment that aims to provide life-support through various critical care unit equipment list equipment, such as cardiac monitors, mechanical ventilators, infusion pumps, syringe pumps, suction machines, pulse oximeters, dialysis machines, bedside monitors, and others.

The growing prevalence of chronic conditions is presenting a large pool of critically ill patients in the U.S. requiring urgent and critical care. This surge in ICU admission rates is driving the demand for the intensive care unit (ICU) equipment required in these facilities. Moreover, the rising geriatric population suffering from age-related chronic conditions is further augmenting the demand for intensive care unit (ICU) equipment.

• According to the Centers for Disease Control and Prevention 2021 data, more than 55.8 million adults aged 65 and older will be living in the U.S. by 2040, and this number is expected to reach 80.8 million. Aging increases the risk of chronic diseases such as dementia, heart disease, type 2 diabetes, arthritis, and cancer.

Furthermore, new health threats are increasing admission rates in these settings, thus driving the demand for these medical devices. In order to meet this growing demand, market players are focused on introducing novel products with cutting-edge technologies to enhance the treatment outcome and strengthen their market presence.

The U.S. intensive care unit (ICU) equipment market witnessed positive growth during the outbreak of COVID-19 due to a hike in critical care admission rates.

U.S. Intensive Care Unit (ICU) Equipment Market Trends

Technological Advancements in the Intensive Care Unit (ICU) Equipment is a Prominent Trend

One of the most prominent trends witnessed in this market is the integration of artificial intelligence into intensive care unit (ICU) equipment, leading to the delivery of quality care and improvised health outcomes. For example, beds are experiencing novel innovations, including the introduction of wireless beds that offer enhanced service and functionality. These beds incorporate features such as caregiver and patient support, real-time tracking, automated functions and configurations, and data recording.

• In June 2023, Baxter launched the Progressa+ Next Gen ICU Bed through its subsidiary Hillroom in the U.S. market. Progressa+ offers novel technology features designed to support pulmonary needs, protect skin, and support early mobility protocols.

AI integration enables the intensive care unit to intelligently manage space, environment, instruments, and equipment. It will also help in the management of patient services such as diagnostic, therapeutic, and monitoring services, as well as remote consultation and patient visits.

According to the American Hospital Association 2022 data, there are a total of 112,359 intensive care beds in the total community hospitals of the U.S.

According to the Association of American Medical College 2022 publication, more than 6 million people are admitted to an intensive care unit annually in the U.S.

U.S. Intensive Care Unit (ICU) Equipment Market Growth Factors

Increasing Prevalence of Chronic Disease to Spur the Equipment Demand across the Country

Some chronic diseases are more prevalent in the U.S., especially respiratory diseases and their prevalence is on the rise due to various factors. Some of the key factors contributing to the rising disease burden are smoking, obesity, and a sedentary lifestyle. The level of critical care required depends on the severity of these respiratory diseases, with acute respiratory failure often requiring admission to the intensive care unit.

This surge in critical care admissions is driving the demand for equipment needed for delivering required care in these units. The patient population suffering from other chronic diseases such as cardiovascular diseases, cancer, and neurological diseases, has led to an increase in patient admissions to critical care units, which is projected to drive market growth.

• According to an article published by the Frontiers in December 2021, acute respiratory distress syndrome (ARDS) affects approximately 190,600 patients per year in the U.S., with mortality up to 45%. Despite improvements in intensive care over the last fifteen years, ARDS remains a major cause of mortality and morbidity in intensive care.

RESTRAINING FACTORS

High Cost Associated with the Equipment to Limit Market Growth

The growth of the critical care equipment market may be hampered by several factors, one of which is the high cost of the equipment. The cost for per-patient admission rates in critical care units increases, including general medical support services provided to the patient through monitoring devices, critical care nursing, and intensivist charges. These equipment costs are calculated by the purchase price of the equipment along with its annual comprehensive maintenance contract (ACMC) charges. Another major obstacle to market growth is the preference of many healthcare providers to purchase refurbished equipment.

• As per an article published by Heartland Medical Sales & Services, as a consequence of the pandemic, the price of mechanical ventilators increased from an average of USD 25,000 to upwards of USD 50,000. This increase in equipment cost contributed to an overall increase in medical charges, which led to an increase in the economic burden for availing supportive care.

In order to reduce overall costs, some small and mid-sized facilities have been preferring refurbished equipment, which is limiting the demand for new equipment. This is subsequently hampering the U.S. intensive care unit (ICU) equipment market growth during the forecast period.

U.S. Intensive Care Unit (ICU) Equipment Market Segmentation Analysis

By Product Analysis

By product, the market is segmented into beds, ventilators, dialysis equipment, pulse oximeters, and others.

The beds segment dominated the U.S. intensive care unit (ICU) equipment market in 2022. The dominance of this segment is attributed to strategic alliances made by market players to introduce bed management solutions integrated with advanced technology. In order to deliver quality care in these settings certain market players are focusing on integrating nurse call systems with beds to offer a compact solution and manage hospital space smartly. These smart offerings are expected to spur the segment’s growth during the forecast period.

• In October 2021, GE Healthcare partnered with Apprise Health Insights to launch Oregon's first automated statewide hospital bed management solutions.

By Patient Analysis

By patient, the market is divided into adult and pediatric.

In 2022, the adult segment accounted for the majority in the U.S. intensive care unit (ICU) equipment market share. The growing adoption of unhealthy habits and a sedentary lifestyle is increasing the susceptibility of the adult population toward life-threatening diseases. Furthermore, the high prevalence of smoking among adults has had a significant impact on the development of respiratory diseases among adults, resulting in an increased number of admissions to critical care units.

• According to a study published by the American Journal of Preventive Medicine in April 2022, the overall prevalence of chronic obstructive pulmonary disorder was 12.8% among smokers in the U.S.

By Application Analysis

In terms of application, the market is classified into cardiology, neurology, trauma, oncology, respiratory, and others.

The cardiology segment held a dominant share of the U.S. market in 2022. The prevalence of cardiovascular disease is on the rise among the younger generation due to sedentary lifestyles. This has increased the number of patients admitted to critical care units due to heart failures.

• According to the American Heart Association 2023 Report, about 805,000 people in the U.S. have heart attacks yearly. Of these, 650,500 are of first heart attack, and 200,000 people already had a heart attack.

By End-user Analysis

By end-user, the market is segmented into hospitals, specialty clinics, and others.

The hospitals segment accounted for a significant share of the market in 2022. The segment's growth is attributed to the growing healthcare expenditure toward providing quality care with intensive care unit requirements for the patient population suffering from chronic diseases. This growing demand for critical care has led to an increase in the number of hospitals with intensive care units, contributing to the surge in demand for intensive care unit (ICU) equipment in this setting.

Moreover, the presence of skilled professionals in hospitals influences the patient population's preference toward such settings, contributing to the segment’s growth.

• According to a study published by HospitalView, hospitals with 25 beds or fewer spent only about USD 857,000 for IT in 2020, compared to hospitals with more than 250 beds, which spent nearly USD 27 million on average in the U.S.

List of Key U.S. Intensive Care Unit (ICU) Equipment Market Companies

In terms of competitive landscape, the leading players in the intensive care unit (ICU) equipment market in the U.S. are Koninklijke Philips N.V., and General Electric Company. These companies focus on maintaining their market position by initiating strategic alliances with medical institutes and healthcare facilities to increase product awareness.

• For instance, in April 2023, Koninklijke Philips N.V., in collaboration with the Institute for Medical Engineering and Science (IMES) at the Massachusetts Institute of Technology (MIT), developed an enhanced critical care data set. This data set will help researchers and educators understand advancement in the clinical field and the benefits of artificial intelligence integration in healthcare.

Other prominent players in the intensive care unit (ICU) equipment market in the U.S. include B. Braun Melsungen AG, Medtronic, and others. These players have adopted several strategies to maintain their competitive edge, such as introducing new products, expanding product portfolios through both inorganic and organic methods, and expanding research and development activities in this segment.

• In October 2023, B. Braun Melsungen AG launched an Introcan Safety 2 IV catheter with multi-access blood control to reduce needlestick injuries.

Additionally, they have greatly emphasized acquisitions and partnerships to expand their core critical care segment, which is likely to contribute to more rapid intensive care unit (ICU) equipment market growth.

LIST OF KEY COMPANIES PROFILED:

• 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.)


• Invacare Corporation (U.S.)

KEY INDUSTRY DEVELOPMENTS: 

• January 2022: OES Medical launched Gemini-G100, an electrically driven piston ICU ventilator with an integrated oxygen concentrator for use in intensive care.


• February 2021: Hicuity Health collaborated with Covenant Health to establish a strategic regional critical care telehealth collaboration to expand intensive care services. This initiative is aimed to implement a Tele-ICU across the U.S. through their collaborative efforts.


• April 2020: BIOLASE, Inc. partnered with MEKICS Co. Ltd, an intensive care unit (ICU) equipment manufacturer, to facilitate the supply of MEKICS's MTV-1000 ICU-grade portable ventilator. It was conducted through BIOLASE's FDA-registered manufacturing facility in California, responding to the urgent needs arising from the COVID-19 pandemic.

REPORT COVERAGE

The U.S. intensive care unit (ICU) equipment market research report provides a detailed market analysis. It focuses on key aspects such as prevalence of key indications and an overview of regulatory scenario in the U.S. Additionally, it includes key industry developments, new product launches, number of ICU admissions, and the impact of COVID-19 on the market. Besides this, the report also offers insights into the market trends and highlights key industry dynamics. In addition to the aforementioned factors, it encompasses several factors that have contributed to the market growth over recent years.

Report Scope & Segmentation