Critical and Chronic care products market in 2017 is estimated at $11,183 million, and it is growing at a CAGR of 5.2% from 2018 to 2023
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 $4977 million in 2017. The critical and chronic care products for North America are expected to grow at a CAGR of 6.9%, to reach a value of $6536.27 million by 2023.
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 $4977 million in 2017. The critical and chronic care products for North America are expected to grow at a CAGR of 6.9%, to reach a value of $6536.27 million by 2023.
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<strong>Cr<strong>it</strong>ical</strong> <strong>and</strong> <strong>Chronic</strong> Care Products Market<br />
Global <strong>Cr<strong>it</strong>ical</strong> <strong>and</strong> <strong>Chronic</strong> Care Products Market anticip<strong>at</strong>ed <strong>to</strong> grow <strong>at</strong> a <strong>CAGR</strong> <strong>of</strong> 5.23% <strong>to</strong> reach value <strong>of</strong> $15064.02 <strong>million</strong><br />
by <strong>2023</strong>
Asia-Pacific dom<strong>in</strong><strong>at</strong><strong>in</strong>g w<strong>it</strong>h major share <strong>in</strong> the <strong>Cr<strong>it</strong>ical</strong><br />
<strong>and</strong> <strong>Chronic</strong> Care Products Market<br />
‣ Geographically, North America accounted for the maximum share <strong>of</strong> 45% <strong>in</strong> 2014 ow<strong>in</strong>g <strong>to</strong> the<br />
high st<strong>and</strong>ard <strong>of</strong> the hosp<strong>it</strong>als <strong>and</strong> devices used. The <strong>market</strong> was valued <strong>at</strong> $4977 <strong>million</strong> <strong>in</strong><br />
<strong>2017</strong>. The cr<strong>it</strong>ical <strong>and</strong> chronic <strong>care</strong> <strong>products</strong> for North America are expected <strong>to</strong> grow <strong>at</strong> a<br />
<strong>CAGR</strong> <strong>of</strong> 6.9%, <strong>to</strong> reach a value <strong>of</strong> $6536.27 <strong>million</strong> by <strong>2023</strong>.<br />
‣ Europe <strong>is</strong> the second lead<strong>in</strong>g <strong>market</strong> <strong>in</strong> the <strong>in</strong>dustry w<strong>it</strong>h a value <strong>of</strong> $3131 <strong>million</strong> by <strong>2017</strong>. The<br />
<strong>market</strong> <strong>is</strong> projected <strong>to</strong> grow <strong>at</strong> a <strong>CAGR</strong> <strong>of</strong> 4.0%, <strong>and</strong> <strong>to</strong> reach a value <strong>of</strong> $3930.5 <strong>million</strong> by<br />
<strong>2023</strong>. Asia-Pacific <strong>is</strong> projected <strong>to</strong> grow <strong>at</strong> the fastest pace <strong>of</strong> a <strong>CAGR</strong> 6.9%, <strong>to</strong> reach a value <strong>of</strong><br />
$3473.86 <strong>million</strong> by <strong>2023</strong>.<br />
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Selected Types <strong>of</strong> foods Analys<strong>is</strong> done <strong>in</strong> the full Report:<br />
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Infusion systems account for the largest share <strong>in</strong> revenue by type <strong>of</strong> device. The <strong>in</strong>fusion systems are<br />
used <strong>to</strong> accur<strong>at</strong>ely deliver <strong>in</strong>fusions. They are used <strong>in</strong> ICU rooms, general wards <strong>and</strong> <strong>care</strong> centers.<br />
Infusion systems <strong>market</strong> accounted for revenue <strong>of</strong> $3836 <strong>million</strong> <strong>in</strong> <strong>2017</strong>.<br />
The <strong>market</strong> for <strong>in</strong>fusion systems <strong>is</strong> expected <strong>to</strong> grow <strong>at</strong> a <strong>CAGR</strong> <strong>of</strong> 3.8% <strong>and</strong> <strong>to</strong> reach a value <strong>of</strong><br />
$4780.13 <strong>million</strong> by <strong>2023</strong>.<br />
Anesthesia airway <strong>is</strong> the second lead<strong>in</strong>g <strong>market</strong> th<strong>at</strong> accounted <strong>to</strong> $2247 <strong>million</strong> <strong>in</strong> <strong>2017</strong>. The <strong>market</strong><br />
<strong>is</strong> expected <strong>to</strong> grow <strong>at</strong> a <strong>CAGR</strong> <strong>of</strong> 4.5% <strong>and</strong> <strong>to</strong> reach a value <strong>of</strong> $2908.19 <strong>million</strong> by <strong>2023</strong>, followed by<br />
p<strong>at</strong>ient mon<strong>it</strong>or<strong>in</strong>g lead<strong>in</strong>g the <strong>market</strong> next. Recent f<strong>in</strong>d<strong>in</strong>gs st<strong>at</strong>e th<strong>at</strong> dra<strong>in</strong>age systems <strong>and</strong><br />
pressure mon<strong>it</strong>or<strong>in</strong>g <strong>is</strong> expected <strong>to</strong> grow <strong>at</strong> the highest <strong>CAGR</strong> <strong>of</strong> 8.5% <strong>and</strong> 8.1% respectively.<br />
Dra<strong>in</strong>age systems <strong>and</strong> Pressure mon<strong>it</strong>or<strong>in</strong>g <strong>is</strong> expected <strong>to</strong> reach a value <strong>of</strong> $2821.36 <strong>million</strong> <strong>and</strong><br />
$436.33 <strong>million</strong> by <strong>2023</strong> respectively. Ventil<strong>at</strong>ors type <strong>is</strong> expected <strong>to</strong> reach an average r<strong>at</strong>e <strong>of</strong> <strong>5.2%</strong>,<br />
<strong>to</strong> reach a value <strong>of</strong> $1323.10 <strong>million</strong> by <strong>2023</strong>.<br />
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Excerpts on Market Growth Fac<strong>to</strong>rs<br />
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Development <strong>in</strong> home health<strong>care</strong> segment will ma<strong>in</strong>ly be driven by technological advances, enabl<strong>in</strong>g<br />
improvement <strong>of</strong> affordable health mon<strong>it</strong>or<strong>in</strong>g devices. The r<strong>is</strong>e <strong>in</strong> the dem<strong>and</strong> for home health<br />
mon<strong>it</strong>or<strong>in</strong>g device will propel the <strong>market</strong> for chronic <strong>care</strong> <strong>products</strong>.<br />
3-D pr<strong>in</strong>t<strong>in</strong>g will help <strong>in</strong> cus<strong>to</strong>miz<strong>in</strong>g <strong>in</strong>terventional tre<strong>at</strong>ments as per <strong>in</strong>dividual p<strong>at</strong>ient needs, as<br />
cl<strong>in</strong>icians will be able <strong>to</strong> manufacture devices <strong>to</strong> specific sizes <strong>and</strong> shapes. Th<strong>is</strong> launch <strong>of</strong> technology<br />
will propel the cr<strong>it</strong>ical <strong>and</strong> chronic <strong>care</strong> <strong>products</strong> <strong>market</strong>.<br />
The number <strong>of</strong> de<strong>at</strong>hs due <strong>to</strong> chronic d<strong>is</strong>eases <strong>is</strong> very high <strong>in</strong> emerg<strong>in</strong>g countries such as India, Ch<strong>in</strong>a<br />
<strong>and</strong> Brazil. To comb<strong>at</strong> the s<strong>it</strong>u<strong>at</strong>ion health author<strong>it</strong>ies are bound <strong>to</strong> <strong>in</strong>vest <strong>in</strong> chronic health<br />
mon<strong>it</strong>or<strong>in</strong>g <strong>and</strong> tre<strong>at</strong>ment devices which will propel the <strong>market</strong> for <strong>Chronic</strong> <strong>care</strong> <strong>products</strong>.<br />
Compet<strong>it</strong>ors are work<strong>in</strong>g on the development <strong>in</strong> home health<strong>care</strong> segment, which will ma<strong>in</strong>ly be<br />
driven by technological advances enabl<strong>in</strong>g improvement <strong>of</strong> affordable health mon<strong>it</strong>or<strong>in</strong>g devices. The<br />
r<strong>is</strong>e <strong>in</strong> dem<strong>and</strong> for home health mon<strong>it</strong>or<strong>in</strong>g device will propel the <strong>market</strong> for chronic <strong>care</strong> <strong>products</strong>.<br />
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Key players <strong>of</strong> the <strong>Cr<strong>it</strong>ical</strong> <strong>and</strong> <strong>Chronic</strong> Care Products Market<br />
‣ Piramal<br />
‣ Mylan<br />
‣ Conv<strong>at</strong>ec<br />
‣ Novart<strong>is</strong><br />
‣ GE Health<strong>care</strong><br />
‣ Abbott<br />
‣ Plunkett’s Health Care<br />
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