We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us
PURITAN MEDICAL

Download Mobile App




Global Critical Care Diagnostics Market to Reach USD 1.3 Billion by 2024

By LabMedica International staff writers
Posted on 19 Jul 2018
Print article
The global critical care diagnostics (CCD) market is estimated to have been valued at USD 837.6 million in 2015 and is expected to reach USD 1.3 billion by 2024, driven by increasing awareness among physicians, patients’ requirements for cost-efficient, rapid, and accurate diagnostic tests, and technological advancements. However, the high costs of these tests and scarcity of skilled labor for handling new platforms pose a challenge to the market growth.

These are the latest findings of Grand View Research, Inc. (San Francisco, CA, USA), a market research and consulting company.

CCD tests deal with the specialized care and diagnosis of life-threatening diseases occurring in patients. Being cost-effective and easy-to-use with rapid and accurate diagnosis, they are used in emergency rooms, operating rooms, and intensive care units (ICUs) around the world. The CCD segment accounts for a share of 2-3% of the in-vitro diagnostic market.

The demand for CCD tests has been increasing due to growing awareness among patients about better healthcare options and increasing knowledge of target therapy among physicians. Based on type, the CCD market is being driven mainly by the clinical chemistry, flow cytometry tests, and coagulation tests segments. The immunoproteins segment is estimated to account for the largest share of the CCD market, in terms of value, due to a rise in the demand for rapid and accurate early diagnosis as well as the ability to reduce the recovery time of patients. However, microbiology and infectious tests along with immunoproteins assays are estimated to drive the CCD market, by type, during the forecast period.

Hospital ancillary locations, such as emergency rooms, operating rooms, and ICUs, among others, are the main end-users of CCDs. The growing adoption of telehealth and increasing awareness of advanced diagnostics tools has also influenced the market growth. The emergency rooms segment is expected to drive the growth of the CCD market, by end-user, during the forecast period.

Geographically, North America is estimated to hold the largest share of the global CCD market, followed by Europe. However, the CCD market in Asia Pacific is expected to register the highest growth during the forecast period, driven by the region’s increasing geriatric population, growing number of intensive care specialized hospitals in India, and improved healthcare infrastructure in the rural areas. Additionally, new health reforms implemented by the government in China have expanded the insurance coverage of patients and improved the country’s primary healthcare system, further aiding the growth of the CCD market in Asia Pacific.

Related Links:
Grand View Research

Platinum Member
COVID-19 Rapid Test
OSOM COVID-19 Antigen Rapid Test
HLX
Anti-Cyclic Citrullinated Peptide Test
GPP-100 Anti-CCP Kit
New
Gold Member
Cancer Mutation Profiling Liquid Kit
OncoScreen Plus

Print article

Channels

Clinical Chemistry

view channel
Image: Reaching speeds up to 6,000 RPM, this centrifuge forms the basis for a new type of inexpensive, POC biomedical test (Photo courtesy of Duke University)

POC Biomedical Test Spins Water Droplet Using Sound Waves for Cancer Detection

Exosomes, tiny cellular bioparticles carrying a specific set of proteins, lipids, and genetic materials, play a crucial role in cell communication and hold promise for non-invasive diagnostics.... Read more

Molecular Diagnostics

view channel
Image: The study showed the blood-based cancer screening test detects 83% of people with colorectal cancer with specificity of 90% (Photo courtesy of Guardant Health)

Blood Test Shows 83% Accuracy for Detecting Colorectal Cancer

Colorectal cancer is the second biggest cause of cancer deaths among adults in the U.S., with forecasts suggesting 53,010 people might die from it in 2024. While fewer older adults are dying from this... Read more

Hematology

view channel
Image: The Gazelle Hb Variant Test (Photo courtesy of Hemex Health)

First Affordable and Rapid Test for Beta Thalassemia Demonstrates 99% Diagnostic Accuracy

Hemoglobin disorders rank as some of the most prevalent monogenic diseases globally. Among various hemoglobin disorders, beta thalassemia, a hereditary blood disorder, affects about 1.5% of the world's... Read more

Microbiology

view channel
Image: The new platform is designed to perform blood-based diagnoses of nontuberculosis mycobacteria (Photo courtesy of 123RF)

New Blood Test Cuts Diagnosis Time for Nontuberculous Mycobacteria Infections from Months to Hours

Breathing in nontuberculous mycobacteria (NTM) is a common experience for many people. These bacteria are present in water systems, soil, and dust all over the world and usually don't cause any problems.... Read more
Copyright © 2000-2024 Globetech Media. All rights reserved.