Critical Care Diagnostics Market Is Projected To Grow Rapidly Due To Increasing Geriatric Population Till 2024: Grand View Research, Inc.
The
global critical care diagnostics market is expected to
reach USD 1.29 billion by 2024, according to a new report by Grand View
Research, Inc. The critical care diagnostics market is expected to grow at a
lucrative rate in the next few years. The key factors supporting the industry’s
growth comprise the rapid awareness and acknowledgment of these tests by
physicians and patients, the rise in geriatric population and chronic health
conditions, the employment of telehealth services in remote areas, and
technological advancements. The increased cost of the molecular diagnostics and
dearth of skilled labor are factors that are expected to hinder the growth of
the industry.
Critical care diagnostics market, by type, 2013 - 2024 (USD Million) |
The
critical care diagnostics market by test type is categorized into routine and
special chemistry, flow cytometry, hematology, immunoproteins, microbial and
infectious diseases, coagulation testing, and others. The microbial and
infectious diseases test diagnostics segment is projected to grow at the
highest rate with a CAGR of over 5% during the forecast period. For example,
healthcare systems spend a substantial amount of resources in the collection
and processing of blood cultures for the identification of pathogens.
Critical
care diagnostic tests, such as the nucleic acid amplification test, allow
clinicians to detect and identify organisms more rapidly and accurately and
provide guidance to clinicians, who aspire to commence the appropriate
antimicrobial therapy as fast as possible and terminate the use of avoidable
drugs. The critical care diagnostic market by the end-user is categorized into
operation rooms, emergency rooms, and ICU’s. The emergency rooms segment in the
industry is anticipated to witness the highest growth rate during the forecast
period.
Browse full
research report on Critical Care Diagnostics Market: www.grandviewresearch.com/industry-analysis/critical-care-diagnostics-market
Further
Key Findings From the Study Suggest:
- The Asia Pacific region is estimated to
dominate the critical care market in terms of the highest growth rate,
with a CAGR of around 9.1% during the forecast period. The large presence
of geriatric population, increasing prevalence of chronic diseases,
increase in the number of specialty hospitals in the Asia Pacific region,
and improving healthcare services and infrastructures in rural areas are
the factors fueling the market growth.
- The immunoproteins diagnostic test segment is
estimated to account for the largest share of the critical care diagnostic
market by type. The rise in demand for rapid and accurate preventive
healthcare services is one of the major factors driving this market
growth.
- On the basis of end-users, approximately 20% of
acute-care patients get admitted into ICU’s, whereas nearly 58% get
admitted into emergency rooms. The emergency rooms are expected to witness
exponential growth with the highest CAGR during the forecast period. The
recent rise in the patient demand for ER services is due to its ability to
provide initial acute care diagnosis and treatment of critically ill
patients.
- Some major players in this industry include
Abbott., Alere, Inc., Beckman-Coulter, Roche Diagnostics, and Becton
Dickinson & Co., among others.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the global critical care diagnostics
market on the basis of test type, end-user, and region:
Global
Critical Care Diagnostics Type Outlook (Revenue, USD Million, 2013 - 2024)
- Routine
and special chemistry
- Flow
cytometry
- Hematology
- Immunoproteins
- Microbial
and infectious diseases
- Coagulation
test
- Others
Global
Critical Care Diagnostics End-user Outlook (Revenue, USD Million, 2013
- 2024)
- Operating
rooms
- Emergency
rooms
- Intensive
care units
- Others
Critical
Care Diagnostics Regional Outlook (Revenue, USD Million, 2013 - 2024)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- China
- India
- Latin
America
- Mexico
- Brazil
- Middle
East and Africa
- South
Africa
- Saudi
Arabia
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-critical-care-diagnostics-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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