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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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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