ICU Medical, Inc. Overview
Pro stress-test →ICU Medical develops, manufactures, and sells medical devices used in infusion therapy, vascular access, and vital care applications worldwide. The company serves acute care hospitals, wholesalers, ambulatory clinics, and alternate site facilities with a comprehensive portfolio of IV therapy products, infusion pumps, medication safety software, and anesthesia systems.
Strategic Profile
Pro stress-test →ICU Medical has demonstrated solid 12.4% annualized revenue growth over the last five years, beating the average healthcare company. However, recent performance shows demand has slowed as revenue was flat over the last two years. Its average operating margin of 2.9% is weak for a healthcare business, reflecting margin compression from a large cost base.
Competitive Landscape
Pro stress-test →ICU Medical is a pure-play infusion therapy company positioned in the medical device sector serving hospitals and healthcare facilities. Competitors include medical device manufacturers focused on infusion systems, vascular access, and vital care applications. The company's established brand portfolio (MicroClave, NanoClave, ChemoLock, Plum infusion pumps) provides competitive differentiation, though pricing pressure and consolidation in healthcare remain industry headwinds.
Industry Context
ICU Medical, Inc. operates in Medical Devices - Infusion Therapy & Vital Care.
Key facts
Founded: 1984 · Headquarters: San Clemente, California · Revenue: $540.7M (Q4 2025) · Market cap: $3.65B