POC Blood Gas and Electrolyte Market: Advancements, Key Players, Strategies to Boost Industry Growth 2022

Market Scenario:

Point of care blood gas and electrolyte analyzers helps to measure different parameters of whole blood samples, such as blood gas (pCO2 and pO2), pH, and electrolytes. It is one of the innovative concepts that is introduced in the field of critical care settings to deliver decentralized, patient-centric health care to the patients. These devices are playing an important role in the field of healthcare and help in reducing therapeutic turnaround time, enhance patient satisfaction, accuracy, and quick test, and help to improve hospital operations. This new technology provides smaller handheld devices with advancements in diagnostic sensors.

Point of care blood gas and electrolyte devices are used majorly in the area of hospitals where patients are being ventilated. Increase in the treatments in NICUs, ICUs, Cardiovascular Operating Room (CVOR), and emergency department has boosted the point of care blood gas and electrolyte devices market growth. Additionally, rising prevalence of chronic diseases and cancer fuels the market growth.

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According to the Centers for Disease Control and Prevention, in 2015, the number of adults with diagnosed chronic bronchitis and emphysema were 9.3 million and 3.5 million respectively. Additionally, according to WHO in 2016, over 1.9 billion adults aged 18 years and older were obese, which was approximately 650 million. Overall 13% of world’s adult population (11% of men and 15% of women) were obese. These diseases are the main cause of the immense growth of treatment in NICUs, ICUs, Cardiovascular Operating Room (CVOR), and emergency department. Point of care blood gas developers is now focusing on developing automated and user-friendly devices, which may lead the market of this product in the coming future. Healthcare expenditure across the world is rapidly increasing. From the last decade, healthcare expenditure in regions like the Americas and Europe has been growing rapidly. According to the Centers for Medicare & Medicaid Services, in 2015, the U.S. healthcare spending was increased by 5.8% and reached USD 3.2 trillion.

The market is expected to grow at a CAGR of 7.8% during the forecast period and is estimated to cross USD 2,543.1 million by 2023.

Intended Audience:

• POC blood gas & electrolyte devices manufacturers
• POC blood gas & electrolyte devices suppliers
• Medical research laboratories
• Research and development (R&D) companies
• Market research and consulting service providers
• Potential investors

Segments:                                                                                                                                           

The global POC blood gas and electrolyte devices market has been segmented on the basis of types and end users.

On the basis of the types, the market is segmented into consumables and Instruments. Furthermore, the instrument is segmented into benchtop and portable devices. The consumable devices are further segmented into reagents, cartridges, and others.

On the basis of end users, the market is segmented into hospitals & clinics, home care, research institutions, and others. 

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Detailed Table of Contents:

1  REPORT PROLOGUE

2  MARKET INTRODUCTION

2.1 Scope Of Study 12

2.2 Research Objective 12

2.3 Assumptions & Limitations 13

2.3.1 Assumptions 13

2.3.2 Limitations 13

2.4 Market Structure 13

3  RESEARCH METHODOLOGY

3.1 Research Process 14

3.2 Primary Research 15

3.3 Secondary Research 15

3.4 Market Size Estimation 15

3.5 Forecast Model 16

4  MARKET DYNAMICS

4.1 Drivers 17

4.1.1 Increasing Prevalence Of Respiratory Acidosis (Weightage 40%) 17

4.1.2 Increasing Prevalence Of Various Disorders (Weightage 60%) 18

4.2 Restraints 19

4.2.1 Analyser Inaccuracy, Imprecision, And Performance (Impact Weightage 55%) 19

4.2.2 High Cost Of Devices And Regulatory Framework (Impact Weightage 45%) 20

4.3 Opportunity 21

4.4 Mega Trends 21

4.5 Macroeconomic Indicators 21

4.6 Technological Trends 22

5  MARKET FACTOR ANALYSIS

5.1 Value Chain Analysis 23

5.1.1 Research & Product Development 23

5.1.2 Component Manufacturing 23

5.1.3 Assembly 24

5.1.4 Distribution & Sales 24

...Continued

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Key players:                                                                                                         

Some of the major players in this market are Siemens, Abbott, F. Hoffman-La Roche Ltd., Radiometer, Nova medical, Edan Instruments Inc., and Instrumentation Laboratory.

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