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The market is competitive, featuring both major global companies and numerous smaller firms. A key strategy for participants is investing in the development of advanced critical care devices technologies, such as AI-enabled devices, remote patient monitoring, smart ventilators, and wearable critical care devices, to enhance accuracy and efficiency. Strategic partnerships with research institutions and healthcare providers are crucial for integrating new technologies and expanding distribution, enabling companies to address the rising demand for critical care devices. Regulatory support and streamlined approval processes further drive innovation and market entry, solidifying the position of firms within the growing market.
Some of the eminent market participants operating in the critical care devices industry include:
The U.S. critical care devices market is projected to reach USD 34.4 billion by 2034, fueled by the significant presence of market players and continuous innovation in the sector.
The defibrillators segment dominated the market with a 22.6% revenue share in 2024, primarily due to the rising incidence of cardiac issues among the aging population.
The global critical care devices industry was valued at approximately USD 60.1 billion in 2024 and is estimated to grow at a 5.5% CAGR from 2025 to 2034, driven by the increasing elderly population susceptible to critical health conditions.
GE HealthCare’s acquisition of Intelligent Ultrasound Group’s AI software enhances its ultrasound portfolio, improving workflow efficiency and usability, thereby driving market growth.
Key players in the market include Air Liquide Medical Systems India, Asahi Kasei Corporation, B. Braun Melsungen, Baxter, Becton, Dickinson and Company, Boston Scientific Corporation, Cardinal Health, Drägerwerk, Fresenius Medical Care, GE Healthcare, Getinge, and Hamilton Medical.