Critical Care Diagnostics Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR43701

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The critical care diagnostics market size will grow up to USD 1.83 billion at a CAGR of 17.40% during 2021-2025.

The critical care diagnostics market report extensively covers market segmentation by application (microbial and infectious disease testing, hematology testing, cardiac and lipid testing, coagulation testing, and others) and geography (North America, Europe, Asia, and ROW) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Critical Care Diagnostics Market Size be in 2021?

Critical Care Diagnostics Market Size

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Critical Care Diagnostics Market: Key Drivers and Trends

According to our research output, there has been a positive impact on the market growth post COVID-19 era. Key drivers such as the growing focus on the diagnosis of chronic conditions and infectious diseases are notably supporting the critical care diagnostics market growth. On the other hand, factors such as lack of skilled professionals have been identified as market challenges that limit the growth of market vendors. This report offers detailed insights on the challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic critical care diagnostics market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Critical Care Diagnostics Market Vendors?

The critical care diagnostics market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • Abbott Laboratories
  • Becton, Dickinson and Co.
  • bioMerieux SA
  • Bio Rad Laboratories Inc.
  • Chembio Diagnostics Inc.
  • Danaher Corp.
  • EKF Diagnostics Holdings Plc
  • F. Hoffmann La Roche Ltd.
  • Quidel Corp.
  • Siemens AG

 

The critical care diagnostics market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The critical care diagnostics market is fragmented and is expected to provide a favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post-pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the critical care diagnostics market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Critical Care Diagnostics Market?

Critical Care Diagnostics Market Share by Geography

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The critical care diagnostics market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 43% of the market’s growth will originate from North America during the forecast period. The US is a key market for critical care diagnostics in North America.

North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing number of M&A has been identified as one of the chief factors that will drive the critical care diagnostics market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Critical Care Diagnostics Market?

Critical Care Diagnostics Market Share by Application

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The critical care diagnostics market report provides a comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The critical care diagnostics market share growth by the microbial and infectious disease testing segment has been significant and is expected to provide significant growth opportunities to market vendors.

This report provides an accurate prediction of the contribution of all the segments to the growth of the critical care diagnostics market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Critical Care Diagnostics Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive critical care diagnostics market growth during the next five years
  • Precise estimation of the critical care diagnostics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the critical care diagnostics market across North America, Europe, Asia, and ROW 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of critical care diagnostics market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The critical care diagnostics market growth will increase by $1724.94 million during 2019-2024.
The critical care diagnostics market is expected to grow at a CAGR of 17.34% during 2019-2024.
Technavio has segmented the critical care diagnostics market by application (Microbial and infectious disease testing, Hematology testing, Cardiac and lipid testing, Coagulation testing, and Others) and geographic (North America, Europe, Asia, and ROW).
Abbott Laboratories, Becton, Dickinson and Co., bioMérieux SA, Bio-Rad Laboratories Inc., Chembio Diagnostics Inc., Danaher Corp., EKF Diagnostics Holdings Plc, F. Hoffmann-La Roche Ltd., Quidel Corp., Siemens Healthineers AG are a few of the key vendors in the critical care diagnostics market.
North America will register the highest growth rate of 32.71% among the other regions. Therefore, the critical care diagnostics market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the critical care diagnostics market growth are:
  • Growing focus on diagnosis of chronic conditions and infectious diseases
  • Data management and connectivity to EHRs through interoperability
The critical care diagnostics market vendors should focus on grabbing business opportunities from the microbial and infectious disease testing segment as it accounted for the largest market share in the base year.
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