Critical and Chronic Care Products Market- Forecast(2018-2023)
Posted by Venkatesh on October 16th, 2018
In the Report “Critical and Chronic Care Products Market: By Treatment (Surgical, Paediatric, Psychiatric, Others); By Device (Anaesthesia Airways, Infusion Systems, Ventilators, Others); By Temperature Management, Vascular Access, Patient Care; By End-User (Hospitals, Clinics, Others); By Geography - (2018-2023)” published by IndustryARC, the market is driven by the rising number of hospitals andclinics, which cater to the patients suffering from both chronic and critical illness.
Asia-Pacific dominating with major share in the Critical and Chronic Care Products Market
Geographically, North America accounted for the maximum share of 45% in 2014 owing to the high standard of the hospitals and devices used. The market was valued at 77 million in 2017. The Critical and Chronic Care Products Market for North America are expected to grow at a CAGR of 6.9%, to reach a value of 36.27 million by 2023.
Selected Types of foods Analysis done in the Critical and Chronic Care Products Market Report:
Infusion systems account for the largest share in revenue by type of device.The infusion systems are used to accurately deliver infusions.They are used in ICU rooms, general wards and care centers.Infusion systems market accounted for revenue of 36 million in 2017. The market for infusion systems is expected to grow at a CAGR of 3.8% and to reach a value of 80.13 million by 2023.Anesthesia airway is the second leading market that accounted to47 million in 2017. The market is expected to grow at a CAGR of 4.5% and to reach a value of 08.19 million by 2023, followed by patient monitoring leading the market next. Recent findings state that drainage systems and pressure monitoring is expected to grow at the highest CAGR of 8.5% and 8.1% respectively. Drainage systems and Pressure monitoring is expected to reach a value of 21.36 million and 6.33 million by 2023 respectively. Ventilators type is expected to reach an average rate of 5.2%, to reach a value of 23.10 million by 2023.
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Excerpts on Critical and Chronic Care Products Market Growth Factors
• Development in home healthcare segment will mainly be driven by technological advances, enabling improvement of affordable health monitoring devices. The rise in the demand for home health monitoring device will propel the market for chronic care products.
Key players of the Critical and Chronic Care Products Market
Key players in critical and chronic care market are GE Healthcare (U.S.), Philips Healthcare (The Netherlands, Medtronic Plc. (U.S.), and Smiths Medical (U.K.). The companies are making new entry with innovative products, in the fiscal year 2018. Some of the major launch of critical and chronic care products of key players are Philips Healthcare’s launch of VentAssist, GR Healthcare launch of Volume Control Ventilation, and Smith’s Medical launch of Clear-Cluff Pressure Infusor.
Critical and Chronic Care Products Market report is segmented as below
A. Critical and Chronic Care Products - Market By Treatment
B. Critical and Chronic Care Products - Market By Devices
1. Anesthesia Airway
I. Endotracheal Tubes
2. Drainage Systems
I. Chest Drainage Catheters
3. Infusion Systems
I. I.V. Disposables
4. Patient Monitoring
I. Respiratory Monitors
5. Pressure Monitoring
I. Pressure Infusors
1. Non Invasive ventilators
C. Critical and Chronic Care Products - Market Temperature Management
1. Blood & Fluid Warming Systems
D. Critical and Chronic Care Products - Market Vascular Access
1. Implantable Ports
E. Critical and Chronic Care Products - Market By patient care
1. Level 0 - normal wound care
F. Critical and Chronic Care Products - Market Blood Testing devices
1. Blood Glucose Meter
H. Critical and Chronic Care Products Marketby Geography (covers 10+ countries)
1. Amy's Kitchen, Inc
What can you expect from the report?
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
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IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
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About the AuthorVenkatesh
Joined: August 23rd, 2018
Articles Posted: 184
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