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POC Blood Gas and Electrolyte Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 131
  • SKU: IRTNTR45577
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Based on Technavio's market sizing methodology, the POC blood gas and electrolyte market size is predicted to surge by USD 443.92 million from 2021 to 2026 at a CAGR of 8%.

This POC blood gas and electrolyte market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The POC blood gas and electrolyte market report offers information on several market vendors, including Abbott Laboratories, Bayer AG, Biobase Biodusty (Shandong) Co. Ltd., Convergent Technologies GmbH and Co. KG, Danaher Corp., EDAN Instruments Inc., F. Hoffmann La Roche Ltd., Fortress Diagnostics, Guangzhou MeCan Medical Ltd., Guangzhou Yueshen Medical Equipment Co. Ltd., IDEXX Laboratories Inc., JOKOH CO. LTD., LIFEHEALTH LLC, Medica Corpo., Nova Biomedical Corp., Radiometer Medical ApS, Shinova Medical Co. Ltd., Siemens Healthcare GmbH, TECOM Analytical Systems, and Werfenlife SA among others.

This report further entails POC blood gas and electrolyte market segmentations, including:

  • Product - Consumables and instruments
  • Geography - North America, Europe, Asia, and Rest of World (ROW)

What will the POC Blood Gas and Electrolyte Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the POC Blood Gas and Electrolyte Market Size for the Forecast Period and Other Important Statistics

 

POC Blood Gas and Electrolyte Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising geriatric population is notably driving the POC blood gas and electrolyte market growth, although factors such as stringent government regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the POC blood gas and electrolyte industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key POC Blood Gas and Electrolyte Market Driver

  • The rising geriatric population is one of the key drivers supporting the POC blood gas and electrolyte market growth.
  • According to the World Bank Group, the number of people aged 65 and above is increasing globally at a steady rate. In 2010, the geriatric population contributed to about 7.56% of the total world population, which increased to about 16% of the total population in 2021. 
  • According to the Centers for Disease Control and Prevention (CDC), by 2030, the number of US adults aged 65 or more will more than double to about 71 million in comparison to 2015, which would be about 20% of the country's population.
  • According to Eurostat, the dependency ratio was the highest in Japan and skewed toward the population aged 65 years or more. As a significant share of the world's geriatric population is contributed by this country, the adoption rate of the POC blood gas and electrolyte products is high in Asia. Therefore, the increasing geriatric population will drive the POC blood gas and electrolyte market growth during the forecast period.

Key POC Blood Gas and Electrolyte Market Trend

  • The paradigm shift from benchtop to portable POC blood gas and electrolyte devices is one of the key POC blood gas and electrolyte market trends fueling the market growth.
  • The growing diversity of tests that can be undertaken near the bedside of patients denotes the prevalence of multi-parameter checking POC devices.
  • The accuracy of portable blood gas and electrolyte devices has motivated hospitals and clinics to switch over to the POC variant from the benchtop variant.
  • The clinical laboratories that adopt POC blood gas and electrolyte devices are equipped with PC interfaces and advanced technologies to provide accurate test outcomes. These analyzers include other advantages such as extended test menus, quality control features, adjustment programs, and advanced interfaces such as symbol-enhanced shading touchscreen, which encourage adoption. Such advantages are expected to propel the POC blood gas and electrolyte market growth during the forecast period.

Key POC Blood Gas and Electrolyte Market Challenge

  • Stringent government regulations is one of the limitations challenging the POC blood gas and electrolyte market growth.
  • Testing variability and inaccuracy in results and the risk of infection from the multiple uses of POC blood gas and electrolyte test products have resulted in raising the concerns of regulatory authorities regarding the assurance of safety and efficacy of such products in the commercial market.
  • Manufacturers that perform cross-boundary trade find it challenging to adhere to defined product standards owing to variability in regulations from country to country.
  • Failing to adhere to compliance during post-market monitoring can result in product recalls, greatly influencing the business loss and brand reputation of manufacturers. This, in turn, will drive the POC blood gas and electrolyte market growth during the forecast period.

This POC blood gas and electrolyte market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global point of care (POC) blood gas and electrolyte market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the POC blood gas and electrolyte market during the forecast period.

Who are the Major POC Blood Gas and Electrolyte Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • Bayer AG
  • Biobase Biodusty (Shandong) Co. Ltd.
  • Convergent Technologies GmbH and Co. KG
  • Danaher Corp.
  • EDAN Instruments Inc.
  • F. Hoffmann La Roche Ltd.
  • Fortress Diagnostics
  • Guangzhou MeCan Medical Ltd.
  • Guangzhou Yueshen Medical Equipment Co. Ltd.
  • IDEXX Laboratories Inc.
  • JOKOH CO. LTD.
  • LIFEHEALTH LLC
  • Medica Corpo.
  • Nova Biomedical Corp.
  • Radiometer Medical ApS
  • Shinova Medical Co. Ltd.
  • Siemens Healthcare GmbH
  • TECOM Analytical Systems
  • Werfenlife SA

 

This statistical study of the POC blood gas and electrolyte market encompasses successful business strategies deployed by the key vendors. The POC blood gas and electrolyte market is fragmented and the vendors are deploying growth strategies such as product launches to compete in the market.

Product Insights and News

  • Abbott.com - The company offers POC blood gas and electrolyte that includes a variety of tests that use a small venous blood sample such as PCO2, TCO2, HCO3, PH, and sO2.
  • Convergent-technologies.de - The company offers POC blood gas and electrolyte that includes ISE and Blood Gas Analyzer which measures the partial pressures of oxygen and carbon dioxide in the blood as well as its pH.
  • Danaher.com - The company offers POC blood gas and electrolyte that includes blood gas analysis, transcutaneous monitoring, and immunoassay testing for cardiac, coagulation, infection and pregnancy markers.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The POC blood gas and electrolyte market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

POC Blood Gas and Electrolyte Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the POC blood gas and electrolyte market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for POC Blood Gas and Electrolyte Market?

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42% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the POC blood gas and electrolyte market in North America. Market growth in this region will be faster than the growth of the market in Rest of World (ROW).

The increase in the prevalence of chronic disease and increasing US FDA approval for the commercialization of new blood gas analyzers and electrolyte analyzers will facilitate the POC blood gas and electrolyte market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 outbreak had a positive impact on the growth of the North American blood gas and electrolyte market in 2020. Moreover, due to the possibility of a third wave of COVID-19, the demand for POC blood gas and electrolyte is expected to increase, which is anticipated to drive the adoption of POC blood gas and electrolyte products in the region. Hence, this will boost the growth of the POC blood gas and electrolyte market in the region during the forecast period.

What are the Revenue-generating Product Segments in the POC Blood Gas and Electrolyte Market?

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The POC blood gas and electrolyte market share growth by the consumables segment will be significant during the forecast period. The consumables segment is the leading revenue generator in the POC blood gas and electrolyte market. The increasing incidences of chronic diseases such as cardiovascular diseases (CVDs) and diabetes owing to a sedentary lifestyle and the rise in the geriatric population across the world have resulted in an increase in the number of blood gas and electrolyte tests, which has resulted in a surge in demand for appropriate consumables. Such increasing demand for consumables will boost the POC blood gas and electrolyte market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the POC blood gas and electrolyte market size and actionable market insights on post COVID-19 impact on each segment.

 

POC Blood Gas and Electrolyte Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2022-2026

$ 443.92 million

Market structure

Fragmented

YoY growth (%)

7.49

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 42%

Key consumer countries

US, Canada, Germany, UK, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Abbott Laboratories, Bayer AG, Biobase Biodusty (Shandong) Co. Ltd., Convergent Technologies GmbH and Co. KG, Danaher Corp., EDAN Instruments Inc., F. Hoffmann La Roche Ltd., Fortress Diagnostics, Guangzhou MeCan Medical Ltd., Guangzhou Yueshen Medical Equipment Co. Ltd., IDEXX Laboratories Inc., JOKOH CO. LTD., LIFEHEALTH LLC, Medica Corpo., Nova Biomedical Corp., Radiometer Medical ApS, Shinova Medical Co. Ltd., Siemens Healthcare GmbH, TECOM Analytical Systems, and Werfenlife SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this POC Blood Gas and Electrolyte Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive POC blood gas and electrolyte market growth during the next five years
  • Precise estimation of the POC blood gas and electrolyte market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the POC blood gas and electrolyte industry across North America, Europe, Asia, and Rest of World (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 POC blood gas and electrolyte market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Consumables - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Consumables - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Consumables - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Consumables - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Consumables - Year-over-year growth 2021-2026 (%)
    • 5.4 Instruments - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Instruments - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Instruments - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Instruments - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Instruments - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 Asia - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 US - Market size and forecast 2021-2026
      • Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.8 Germany - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 78: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 79: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 81: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 82: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 83: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 84: Matrix on vendor position and classification
            • 10.3 Abbott Laboratories
              • Exhibit 85: Abbott Laboratories - Overview
              • Exhibit 86: Abbott Laboratories - Business segments
              • Exhibit 87: Abbott Laboratories - Key news
              • Exhibit 88: Abbott Laboratories - Key offerings
              • Exhibit 89: Abbott Laboratories - Segment focus
            • 10.4 Convergent Technologies GmbH and Co. KG
              • Exhibit 90: Convergent Technologies GmbH and Co. KG - Overview
              • Exhibit 91: Convergent Technologies GmbH and Co. KG - Product / Service
              • Exhibit 92: Convergent Technologies GmbH and Co. KG - Key offerings
            • 10.5 Danaher Corp.
              • Exhibit 93: Danaher Corp. - Overview
              • Exhibit 94: Danaher Corp. - Business segments
              • Exhibit 95: Danaher Corp. - Key news
              • Exhibit 96: Danaher Corp. - Key offerings
              • Exhibit 97: Danaher Corp. - Segment focus
            • 10.6 EDAN Instruments Inc.
              • Exhibit 98: EDAN Instruments Inc. - Overview
              • Exhibit 99: EDAN Instruments Inc. - Product / Service
              • Exhibit 100: EDAN Instruments Inc. - Key offerings
            • 10.7 F. Hoffmann La Roche Ltd.
              • Exhibit 101: F. Hoffmann La Roche Ltd. - Overview
              • Exhibit 102: F. Hoffmann La Roche Ltd. - Business segments
              • Exhibit 103: F. Hoffmann La Roche Ltd. - Key news
              • Exhibit 104: F. Hoffmann La Roche Ltd. - Key offerings
              • Exhibit 105: F. Hoffmann La Roche Ltd. - Segment focus
            • 10.8 Medica Corpo.
              • Exhibit 106: Medica Corpo. - Overview
              • Exhibit 107: Medica Corpo. - Product / Service
              • Exhibit 108: Medica Corpo. - Key offerings
            • 10.9 Nova Biomedical Corp.
              • Exhibit 109: Nova Biomedical Corp. - Overview
              • Exhibit 110: Nova Biomedical Corp. - Product / Service
              • Exhibit 111: Nova Biomedical Corp. - Key offerings
            • 10.10 Radiometer Medical ApS
              • Exhibit 112: Radiometer Medical ApS - Overview
              • Exhibit 113: Radiometer Medical ApS - Product / Service
              • Exhibit 114: Radiometer Medical ApS - Key offerings
            • 10.11 Siemens Healthcare GmbH
              • Exhibit 115: Siemens Healthcare GmbH - Overview
              • Exhibit 116: Siemens Healthcare GmbH - Business segments
              • Exhibit 117: Siemens Healthcare GmbH - Key news
              • Exhibit 118: Siemens Healthcare GmbH - Key offerings
              • Exhibit 119: Siemens Healthcare GmbH - Segment focus
            • 10.12 Werfenlife SA
              • Exhibit 120: Werfenlife SA - Overview
              • Exhibit 121: Werfenlife SA - Product / Service
              • Exhibit 122: Werfenlife SA - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 123: Inclusions checklist
                • Exhibit 124: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 125: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 126: Research methodology
                • Exhibit 127: Validation techniques employed for market sizing
                • Exhibit 128: Information sources
              • 11.5 List of abbreviations
                • Exhibit 129: List of abbreviations

              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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT 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 poc blood gas and electrolyte market market growth will increase by $$ 443.92 mn during 2023-2026.
              The poc blood gas and electrolyte market market is expected to grow at a CAGR of 8% during 2023-2026.
              Technavio has segmented the poc blood gas and electrolyte market market by product (Consumables and Instruments) and geography (North America, Europe, Asia, and Rest of World (ROW)).
              Abbott Laboratories, Bayer AG, Biobase Biodusty (Shandong) Co. Ltd., Convergent Technologies GmbH and Co. KG, Danaher Corp., EDAN Instruments Inc., F. Hoffmann La Roche Ltd., Fortress Diagnostics, Guangzhou MeCan Medical Ltd., Guangzhou Yueshen Medical Equipment Co. Ltd., IDEXX Laboratories Inc., JOKOH CO. LTD., LIFEHEALTH LLC, Medica Corpo., Nova Biomedical Corp., Radiometer Medical ApS, Shinova Medical Co. Ltd., Siemens Healthcare GmbH, TECOM Analytical Systems, Werfenlife SA are a few of the key vendors in the poc blood gas and electrolyte market market.
              North America will register the highest growth rate of 42% among the other regions. Therefore, the poc blood gas and electrolyte market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the poc blood gas and electrolyte market market growth are:
              • rising geriatric population
              • Paradigm shift from benchtop to portable POC blood gas and electrolyte devices
              The poc blood gas and electrolyte market market vendors should focus on grabbing business opportunities from the consumables segment as it accounted for the largest market share in the base year.
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