Industry Background:
Acute care diagnostic system is a system used for a branch of secondary health care where a patient receives active but short-term treatment for a severe injury or episode of illness, an urgent medical condition, or during recovery from surgery. From Cardiovascular Operating Rooms and Catheterization Labs, to Intensive Care Units and Emergency Departments, the Acute Care Diagnostic solutions address today’s healthcare challenges by improving efficiency and enhancing patient care.
According to AMA Research, the market for Acute Care Diagnostic System is expected to register a CAGR of 6.9% during the forecast period to 2028. This growth is primarily driven by High Prevalence of Infectious Diseases in Developing Countries
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Equipment sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Siemens (Germany), Werfen (Spain), Radiometer Medical ApS (Denmark), Alere (United States), Roche Diagnostics (Switzerland), Abbott Laboratories (US), Siemens Healthineers (Germany), Becton, Dickinson and Company (US), Johnson & Johnson (US), Danaher Corporation (US), Chembio Diagnostic Systems (US), Quidel Corporation (US), EKF Diagnostics (UK) and Trinity Biotech (Ireland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 7, April 2021, A Next-Generation Point of Care Diagnostics Testing Company, LumiraDx, to Merge with CA Healthcare Acquisition Corp. and List on the Nasdaq. With the use of the LumiraDx Platform, this deal will advance LumiraDx's pipeline of 30+ tests for widespread medical problems like infectious disease, cardiovascular disease, diabetes, and coagulation disorders., and On March 9, 2021, A long-term strategic relationship between Digital Diagnostics and Baxter International Inc. was announced in order to support front-line healthcare practitioners in providing high-quality treatment and enhancing patient outcomes. As part of the cooperation, Welch Allyn® RetinaVue® 700 Imager and the industry-recognized IDx-DR® autonomous AI software from Digital Diagnostics will be made available as diagnostic services.
On July 7, 2022, At AACC 2022, Werfen Unveils New Acute Care Diagnostic Products for CVOR The new ROTEM sigma Thromboelastometry System, which now provides real-time, quick, and actionable data at the point of care (POC), will be unveiled by Werfen at AACC 2022 to help guide the treatment of bleeding., and On July, 9, 2021, a quick, PCR point of care diagnostic system called Q-POCTM has been released by QuantuMDx Group Limited, a UK-based developer of transformative point-of-care diagnostics. The Q-POCTM system from QuantuMDx and its initial test, a SARS-CoV-2 detection assay, will be introduced at ECCMID 2021 and are currently CE-IVD registered in accordance with the In Vitro Diagnostics Directive (98/79/EC), enabling use in Europe.With the changing landscape, more and more companies are going in for non-linear growth models with the help of skilled Nursing care services. The market is also being driven through mergers & acquisitions undertaken by key players, which, when combined with various services, can increase the overall revenue of the market.
Influencing Trend:
Advancement in Medical Sector
Market Growth Drivers:
High Prevalence of Infectious Diseases in Developing Countries and Increasing Incidence of Target Conditions
Challenges:
High Cost of Devices
Restraints:
Lack of Alignment With Definitive Central Lab Methods and Reluctance to Change Existing Diagnostic Practices
Opportunities:
Increasing Awareness Through Conferences and Events
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Acute Care Diagnostic System Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Acute Care Diagnostic System Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Acute Care Diagnostic System players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Acute Care Diagnostic System Study Sheds Light on
The Acute Care Diagnostic System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Acute Care Diagnostic System industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Acute Care Diagnostic System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.