POC Blood Gas and Electrolyte Market Trend by Product Type and Major Vendors | Incredible Growth of 7.8% by 2023

The Global Point of Care Blood Gas And Electrolyte Market is expected to grow at a CAGR of 7.8% during the forecast period 2017-2023.

Key players:

Some of the major players in this market are

• Siemens,
• Abbott,
• F. Hoffman-La Roche Ltd.,
• Radiometer,
• Nova medical,
• Edan Instruments Inc.,
• Instrumentation Laboratory

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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Market Overview:

Point of Care Blood Gas and Electrolyte Analyzer is the new innovation, which helps in diminishing remedial turnaround time, upgrading understanding fulfillment, precision, and help to enhance doctor's facility tasks. Rising commonness of constant sicknesses and disease over the globe, expanding the treatment of NICUs, ICUs, Cardiovascular Operating Room (CVOR), and crisis office, which drives the worldwide Point of Care Blood Gas and Electrolyte Device Market development.

In 2017, because of changes in the administrative strategies of the U.S., R&D venture is influenced to some degree. In 2016, R&D spending of the US was 527.5 billion, which developed by 1.6% of every 2017. At present, the significant offers of the worldwide market are commanded by few driving players, and they can vary the expenses of the items. In creating locales, for example, Asia Pacific the providers are attempting to give their items at moderate cost.

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.

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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.

Regional Analysis:

The Americas dominate the global market owing to a huge population with chronic diseases such as diabetes, kidney, and liver disease, increasing government support for research & development, and high health care expenditure. According to the WHO, in 2014, 9.7% of the total America population is having diabetes. Thus, increasing prevalence of diabetes has boosted the market growth. Additionally, changing lifestyle and the presence of major players in the market have fuelled the growth of the market.

Europe is the second largest point of care devices market across the globe, which is followed by Asia Pacific. Asia Pacific is the fastest growing market and majorly driven by India and China owing to a huge number patients with chronic diseases and rapidly growing economy. According to the WHO, 60% of the global diabetic population lives in Asia Pacific region. The healthcare expenditure of Asia Pacific has increased over the last few years, which has contributed to the growth of the market.

The Middle East and Africa region account for the least share of the global market. Whereas, Africa holds the least share of the global market due to limited availability of medical facilities and poor economic condition of the region.

…Continued

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