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

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Critical and Chronic Care Products Market

• Global Critical and Chronic Care Products Market
  anticipated to grow at a CAGR of 5.23 to reach
  value of 15064.02 million by 2023

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Asia-Pacific dominating with major share in the
Critical and Chronic Care Products Market

• 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.
• Europe is the second leading market in the
  industry with a value of 3131 million by 2017.
  The market is projected to grow at a CAGR of
  4.0, and to reach a value of 3930.5 million by
  2023. Asia-Pacific is projected to grow at the
  fastest pace of a CAGR 6.9, to reach a value of
  3473.86 million by 2023.

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Selected Types of foods Analysis done in the full
Report

• Infusion systems account for the largest share in
  revenue by type of device. The infusion systems
  are used to accurately deliver infusions. They
  are used in ICU rooms, general wards and care
  centers. Infusion systems market accounted for
  revenue of 3836 million in 2017.
• The market for infusion systems is expected to
  grow at a CAGR of 3.8 and to reach a value of
  4780.13 million by 2023.
• Anesthesia airway is the second leading market
  that accounted to 2247 million in 2017. The
  market is expected to grow at a CAGR of 4.5 and
  to reach a value of 2908.19 million by 2023,
  followed by patient monitoring leading the market
  next. Recent findings state that drainage systems
  and pressure monitoring is expected to grow at
  the highest CAGR of 8.5 and 8.1 respectively.
• Drainage systems and Pressure monitoring is
  expected to reach a value of 2821.36 million and
  436.33 million by 2023 respectively. Ventilators
  type is expected to reach an average rate of
  5.2, to reach a value of 1323.10 million by
  2023.

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Excerpts on Market Growth Factors

• Development in home healthcare segment will
  mainly be driven by technological advances,
  enabling improvement of affordable health
  monitoring devices. The rise in the demand for
  home health monitoring device will propel the
  market for chronic care products.
• 3-D printing will help in customizing
  interventional treatments as per individual
  patient needs, as clinicians will be able to
  manufacture devices to specific sizes and shapes.
  This launch of technology will propel the
  critical and chronic care products market.
• The number of deaths due to chronic diseases is
  very high in emerging countries such as India,
  China and Brazil. To combat the situation health
  authorities are bound to invest in chronic health
  monitoring and treatment devices which will
  propel the market for Chronic care products.
• Competitors are working on the development in
  home healthcare segment, which will mainly be
  driven by technological advances enabling
  improvement of affordable health monitoring
  devices. The rise in demand for home health
  monitoring device will propel the market for
  chronic care products.

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Key players of the Critical and Chronic Care
Products Market

• Piramal
• Mylan
• Convatec
• Novartis
• GE Healthcare
• Abbott
• Plunketts Health Care

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