Critical Care Diagnostics Market Trends

Growth Drivers

• Rising Geriatric Population – A rising percentage of severely ill patients admitted to intensive care units are adult individuals who have complex medical and social needs, and who survive serious illnesses such as sepsis or respiratory failure. For instance, just between 2000 and 2050, the percentage of adults 80 and older worldwide will rise to over 4%.
• Growing Prevalence of Cardiovascular Disorders- The level of risk can be ascertained by undergoing a cardiovascular risk assessment which usually takes a combination of imaging, cardiac monitoring, and blood testing to diagnose a heart condition. As per the World Health Organization (WHO), globally, cardiovascular diseases (CVDs) account for 17.9 million deaths annually, making them the leading cause of death.
• Surging Incidence of Lifestyle-related Disorders- Type 2 diabetes and high blood pressure are a few lifestyle diseases that share risk factors with extended exposure to three modifiable lifestyle factors and involve enhanced diagnostics and medication, as well as intense disability management and extended care.

Challenges

• Exorbitant Cost of Critical Care Diagnostics- Intensive care units, or ICUs, are expensive facilities owing to the admission of patients with complex and life-threatening illnesses, the utilization of costly instruments and equipment, and the increased staffing ratio per patient.
• It's common to characterize critical care as costly treatment since these treatments are labor-intensive, and they have an overabundance of patients, owing to their extended hospital stays, survivors of critical care may incur higher hospital costs. As ICU survivors depart the hospital, their experience in intensive care may leave them with ongoing, long-term health issues, and in lower-income nations, patients typically pay out-of-pocket for their visits since critical care costs are also frequently not fully covered by health insurance systems.
• Resource Constraints in many low-income regions such as a lack of skilled professionals
• Inadequate infrastructure in remote areas can impact the delivery of critical care diagnostics