Critical Care Diagnostics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The critical care diagnostics market is segmented by Test Type, End-User (Operating Room, Emergency Room, Intensive Care Unit, and Other), and Geography

Market Snapshot

critical care diagnostics market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6 %

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Market Overview

The critical care diagnostics market is primarily driven by increasing global prevalence of chronic and lifestyle-related disorders and advancements in diagnostic technologies. According to the Health Library, it is estimated that about 84 million people in the United States suffer from some form of cardiovascular disease, causing about 2,200 deaths a day, averaging one death every 40 seconds.

Additionally, rising awareness among people for early diagnosis and treatment, rise in the use of data management and connectivity through interoperability to electronic health record (EHR), and rising adoption of telehealth services and remote communications are the other factors which are propelling the growth of Critical Care Diagnostics Market. However, high cost of the diagnostic test and lack of skilled professionals in handling the critical care diagnostics are likely to impede the growth of the market.

Scope of the Report

Critical care refers to meeting the needs of the patients who require immediate attention, due to life-threatening health conditions, where the vital organs of the patient’s body are at the risk of failing. The treatment requires advanced therapeutic, monitoring, and diagnostic technology with the objective of stabilizing the functioning of the organs and improving patient conditions.

By Test Type
Flow Cytometry
Hematology Test
Microbiology and Infectious Test
Coagulation Test
Immunoprotein
Routine and Special Chemistry
Others
By End User
Operating Room
Emergency Room
Intensive Care Unit
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Emergency Rooms are Expected to Lead the Market

The public demand for emergency rooms, where critically ill patients are recommended, is witnessing a steady rise. The survival rate of critically ill patients in the emergency department is directly related to the advancement of early recognition and treatment of diseases. According to the recent article of 2017 published in Science Daily by University of Maryland, the percentage of critical care delivered by the emergency department increased significantly, with nearly half of all the medical care in the United States being delivered by the emergency department.

According to the US Department of Health and Human Services 2018, In 2017, around 18.6 percent of adults in the United States had one or more emergency department visits during the preceding 12 months. Moreover, A similar pattern of the increasing number of emergency rooms can be observed in the European countries, whereas, the numbers vary considerably in the emerging economies, such as India, China, and Japan.

Moreover, the growing burden of injuries due to accidents and chronic diseases owing to an ageing population projected to fuel the critical care diagnostics market growth over forecast period.

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North America is expected to dominate over the Forecast Period

North America has been witnessing stable growth, but with substantial regional variations. The hospitals in the United States have made substantial investments in the physical infrastructure of their operating rooms. More than 60% of the revenue generated from the hospitals in the United States come from the activities in the operating room of an average hospital.

The need for upgrading the technology remains vital for critical care diagnostics and management. This factor is accompanied by the high cost of a long hospital stay, which involves an operating room procedure. The hospital costs by themselves are very high. The high healthcare expenditure, better infrastructure, and additional involvement by the government are expected to drive the growth of the market in North America.

Critical Care Diagnostics Market - Growth Rate by Region - Image

Competitive Landscape

The market players are involving with government initiations, through funding and collaboration which can help the Critical Care Diagnostics market to garner significant growth. Top players are also engaged in new product launches, partnerships, collaborations, etc to enhance their market presence. For instance, in January 2018 GE Healthcare entered into the strategic, long-term partnership with Roche to jointly develop digital clinical decision support solutions for cancer and critical care patients. Key players in the market are Abbott, Beckman-Coulter, and Roche, are among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in the Prevalence of Chronic Diseases and Lifestyle-related Disorders

      2. 4.2.2 Increase in Data Management and Connectivity through Interoperability to Electronic Health Record (EHR)

      3. 4.2.3 Rising Demand for Early Diagnosis and Treatment

      4. 4.2.4 Rising Adoption of Telehealth Services and Remote Communications

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Molecular Diagnostics Tools

      2. 4.3.2 Lack of Skilled Professionals

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Test Type

      1. 5.1.1 Flow Cytometry

      2. 5.1.2 Hematology Test

      3. 5.1.3 Microbiology and Infectious Test

      4. 5.1.4 Coagulation Test

      5. 5.1.5 Immunoprotein

      6. 5.1.6 Routine and Special Chemistry

      7. 5.1.7 Others

    2. 5.2 By End User

      1. 5.2.1 Operating Room

      2. 5.2.2 Emergency Room

      3. 5.2.3 Intensive Care Unit

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott

      2. 6.1.2 Bayer AG

      3. 6.1.3 Becton, Dickinson & Company

      4. 6.1.4 bioMerieux SA

      5. 6.1.5 Bio-Rad Laboratories, Inc.

      6. 6.1.6 Chembio Diagnostic Systems, Inc.

      7. 6.1.7 Danaher Corporation

      8. 6.1.8 F. Hoffmann-La Roche

      9. 6.1.9 Siemens Healthineers

      10. 6.1.10 Sysmex Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Critical Care Diagnostics Market market is studied from 2018 - 2026.

The Critical Care Diagnostics Market is growing at a CAGR of 6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Abbott, Becton, Dickinson & Company, Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche, Siemens Healthineers are the major companies operating in Critical Care Diagnostics Market.

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