Critical and Chronic Care Products Market Expects Asia-Pacific to be Fastest Growing Market Till 2022
Critical care products are primarily concerned with situations where a patient suffering from life-threatening conditions requires urgent diagnosis and treatment. Critical care medicine almost always provides complex support to various organs as well as invasive corrective measures. On the other hand, chronic care solutions are only concerned with diseases which either pre-exist or are long-term in nature. The necessity for quality critical wound care solutions and supporting critical care products is rising every year due to the growing prevalence of accidents. Chronic care solutions are also witnessing a dramatic rise in demand due to dynamic lifestyle changes, increasing consumption of chemical products and a rise in the population of the elderly. Thus, the Critical and Chronic Care Products Market is well positioned to register a strong amount of growth during the forecast period of 2017-2022.
Scope & Regional Forecast of the Critical and Chronic Care Products Market
The Critical and Chronic Care Products Market has witnessed a growing need for the distribution of a quality life support system as chronic conditions result in lower life expectancy, reduced productivity at work, and a dramatic rise in the expenses necessary for leading a stable and healthy life. The major growth drivers for effective critical care policy are: a rise in the number of healthcare facilities being installed across the globe; growing prevalence of the practice of a sedentary lifestyle resulting cardiovascular issues; and a spike in public purchasing power which has resulted in greater access to critical care as well as critical care supplments.
Currently, the advanced nature of the healthcare infrastructure in North America has led to it grabbing the highest share in the Critical and Chronic Care Products Market. Until now, the exorbitant cost of a critical care unit has discouraged people in emerging countries from utilizing it. In recent years, the purchasing power of people of Asia-Pacific has increased along with the economy and they are not too hindered by rising healthcare expenses anymore.
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Segmentations & Key Players Involved in the Critical and Chronic Care Products Market
The Critical and Chronic Care Products Market can be broken down into various segmentations on the basis of –
Treatment: Surgical, Medical, Pediatric, Psychiatric, Intermediate, Burn care, Trauma care, Myocardial infarction (Pulmonary, Heart transplant, Intermediate CCU, Other coronary care) and Other intensive care treatment.
Devices: Anaesthesia Airway, Drainage Systems, Infusion Systems, Patient Monitoring, Pressure Monitoring and Ventilators (Non Invasive ventilators, Invasive ventilators).
Temperature Management: Blood & Fluid Warming Systems, Convective Warming Systems and Hyperthermia and Hypothermia Management Devices.
Vascular Access: Implantable Ports and Peripheral lntra Venous Catheters.
Patient Care: Level 0 – normal wound care, Level 1 – patients with deteriorating conditions who need additional care, Level 2 – patients with single failing organ system or post- operative care and Level 3 – patients requiring additional advanced support systems.
Blood Testing Devices: Blood Glucose Meter (Test Strips, Lancing Devices).
End Users: Hospitals, Ambulatory Surgical Centres/Clinics and Rehabilitation centres.
Geographical Location: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Critical and Chronic Care Products Market are as follows:
Alaris Medical Systems, Inc.
Becton, Dickinson And Company
Plunkett’s Health Care
C.R. Bard, Inc.
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* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
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