Market Forecast By Product Type (Therapeutic devices, Patient monitoring devices, Diagnostic devices, ICU units & systems, Other), By Patient Population (Neonatal, Pediatric, Adults, Geriatric), By End User (Hospitals, Specialty clinics, Ambulatory surgical centers, Others), By Distribution Channel (Direct tender, Retail sales, Third party distribution, Others) And Competitive Landscape
Product Code: ETC4471165 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The India Critical Care Equipment Market Report thoroughly covers the market by product type, patient population, end user, and distribution channel. The India Critical Care Equipment Market Outlook report provides an unbiased and detailed analysis of the ongoing India Critical Care Equipment Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India critical care equipment market has been growing significantly and offers immense opportunities for domestic and international players to cater to the growing demand for medical equipment and services. The push for domestic manufacturing, government funding, and technological advancements are all working together to make healthcare accessible and affordable to all sections of society.
According to 6Wresearch, the India Critical Care Equipment Market size is anticipated to rise at a CAGR of 5.6% during 2025-2031. One of the significant drivers of the Indian healthcare sector’s growth is the increasing government funding and initiatives to improve access to medical equipment across the country. The government of India has taken several steps to promote domestic manufacturing of medical equipment and to make healthcare affordable and accessible to all. Additionally, the rise in healthcare awareness and the country's growing middle-class population's increased purchasing power is also driving demand for critical care equipment. These factors have been fueling the India Critical Care Equipment Market growth.
The biggest challenge faced by the critical care equipment market in India is the lack of infrastructure and skilled manpower. India still lags far behind in terms of the number of hospital beds and trained medical professionals as compared to developed countries. The high cost of manufacturing, tariffs, and taxes also poses a challenge to domestic manufacturers, making it difficult for them to compete with international players.
There are several domestic and international players operating in the Indian critical care equipment market, catering to the growing demand for medical equipment and services. Companies such as GE Healthcare, Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V., and Skanray Technologies Pvt. Ltd. are some of the significant players operating in the Indian market. These companies are investing heavily in research and development to meet the growing demand for critical care equipment.
The government of India has taken several initiatives to promote domestic manufacturing of critical care equipment and to make healthcare affordable and accessible to all. In the Union Budget 2021-22, the government announced a new scheme, PM Atmanirbhar Swasth Bharat Yojana to develop healthcare infrastructure and improve access to medical equipment. Additionally, the government has also launched the National Health Stack, which aims to create a secure, interoperable, and scalable healthcare platform that promotes data privacy and security.
The future of the India critical care equipment market appears to be bright, driven by factors such as technological advancements, growing patient awareness, the high prevalence of chronic diseases, government initiatives, and a thriving medical tourism industry. The rising demand for critical care equipment will stimulate innovation and competition in the industry, leading to more advanced and affordable products.
According to Abhishek Raj, Senior Research Analyst, 6Wresearch, the Patient Monitoring Devices segment is growing the most in India. This segment includes devices that track and monitor vital signs, such as heart rate, oxygen saturation, and blood pressure.
Hospitals are the largest end user segment of critical care equipment in India. They require a wide range of equipment to cater to different patient needs. From ventilators to defibrillators, resuscitation equipment, and monitors, hospitals need a comprehensive range of equipment to operate effectively.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Critical Care Equipment Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Critical Care Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 India Critical Care Equipment Market - Industry Life Cycle |
3.4 India Critical Care Equipment Market - Porter's Five Forces |
3.5 India Critical Care Equipment Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Critical Care Equipment Market Revenues & Volume Share, By Patient Population, 2021 & 2031F |
3.7 India Critical Care Equipment Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 India Critical Care Equipment Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India Critical Care Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Critical Care Equipment Market Trends |
6 India Critical Care Equipment Market, By Types |
6.1 India Critical Care Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Critical Care Equipment Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 India Critical Care Equipment Market Revenues & Volume, By Therapeutic devices, 2021 - 2031F |
6.1.4 India Critical Care Equipment Market Revenues & Volume, By Patient monitoring devices, 2021 - 2031F |
6.1.5 India Critical Care Equipment Market Revenues & Volume, By Diagnostic devices, 2021 - 2031F |
6.1.6 India Critical Care Equipment Market Revenues & Volume, By ICU units & systems, 2021 - 2031F |
6.1.7 India Critical Care Equipment Market Revenues & Volume, By Other, 2021 - 2031F |
6.2 India Critical Care Equipment Market, By Patient Population |
6.2.1 Overview and Analysis |
6.2.2 India Critical Care Equipment Market Revenues & Volume, By Neonatal, 2021 - 2031F |
6.2.3 India Critical Care Equipment Market Revenues & Volume, By Pediatric, 2021 - 2031F |
6.2.4 India Critical Care Equipment Market Revenues & Volume, By Adults, 2021 - 2031F |
6.2.5 India Critical Care Equipment Market Revenues & Volume, By Geriatric, 2021 - 2031F |
6.3 India Critical Care Equipment Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 India Critical Care Equipment Market Revenues & Volume, By Hospitals, 2021 - 2031F |
6.3.3 India Critical Care Equipment Market Revenues & Volume, By Specialty clinics, 2021 - 2031F |
6.3.4 India Critical Care Equipment Market Revenues & Volume, By Ambulatory surgical centers, 2021 - 2031F |
6.3.5 India Critical Care Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 India Critical Care Equipment Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 India Critical Care Equipment Market Revenues & Volume, By Direct tender, 2021 - 2031F |
6.4.3 India Critical Care Equipment Market Revenues & Volume, By Retail sales, 2021 - 2031F |
6.4.4 India Critical Care Equipment Market Revenues & Volume, By Third party distribution, 2021 - 2031F |
6.4.5 India Critical Care Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
7 India Critical Care Equipment Market Import-Export Trade Statistics |
7.1 India Critical Care Equipment Market Export to Major Countries |
7.2 India Critical Care Equipment Market Imports from Major Countries |
8 India Critical Care Equipment Market Key Performance Indicators |
9 India Critical Care Equipment Market - Opportunity Assessment |
9.1 India Critical Care Equipment Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Critical Care Equipment Market Opportunity Assessment, By Patient Population, 2021 & 2031F |
9.3 India Critical Care Equipment Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 India Critical Care Equipment Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India Critical Care Equipment Market - Competitive Landscape |
10.1 India Critical Care Equipment Market Revenue Share, By Companies, 2024 |
10.2 India Critical Care Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |