Point Of Care (Poc) Blood Gas And Electrolyte Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, UK, Canada, China - Size and Forecast 2024-2028

Point of Care Blood Gas and Electrolyte Market Size 2024-2028 

The point of care (POC) blood gas and electrolyte market size is estimated to grow by USD 385 million at a CAGR of 7.08% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. The rising geriatric population, with their increased healthcare needs, is a major growth driver. Another trend influencing market growth is the paradigm shift from benchtop to portable POC blood gas and electrolyte devices, which offer convenience and mobility. Stringent government regulations, ensuring the safety and accuracy of these devices, also contribute to market growth. Additionally, technological advancements, such as wireless connectivity and cloud-based data management, are enhancing the functionality and efficiency of PoC blood gas and electrolyte devices. Overall, the market is expected to continue its robust growth trajectory in the coming years.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

The market encompasses the production, sales, and distribution of devices and technologies used for measuring blood gases, pH levels, electrolytes, and metabolites such as lactate at the point of care. These measurements are crucial for diagnosing and managing various conditions including diabetes, chronic bronchitis, and other chronic diseases. Blood gas analyzers, including benchtop and portable devices, play a significant role in this market. Electronic medical records and critical care units in healthcare facilities are major end-users. Blood samples are collected from patients in various settings, including pulmonary units, neonatal intensive care, emergency rooms, and ventilators. PoC testing enables real-time analysis, which is essential for timely intervention in cases of Respiratory acidosis, CO-oximetry, and infectious diseases. Innovations in technology include the use of Photoluminescent biosensors for enhanced accuracy and efficiency. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The rising geriatric population is notably driving market growth. The aging population trend worldwide is driving the demand for Point of Care (POC) blood gas and electrolyte testing devices. According to the World Bank, the global geriatric population, defined as individuals aged 65 and above, has been steadily increasing, contributing to approximately 16% of the total population in 2021, up from 7.56% in 2010. This demographic shift has significant implications for healthcare systems, particularly in adult Intensive Care Units (ICUs) and neonatal intensive care units. In these settings, rapid assessment of blood measures such as electrolytes, blood gases, and CO-oximetry is crucial for effective patient management. Central laboratory testing, though accurate, can be time-consuming and may not provide real-time results. In contrast, POC devices offer quick, on-site assessment, making them indispensable in emergency room care, pulmonary units, and infectious disease management. Furthermore, the growing prevalence of lifestyle disorders like obesity, kidney disease, and liver disease necessitates continuous monitoring and management, which can be facilitated by wireless POC devices. The market for POC blood gas and electrolyte products includes consumables like cartridges, electrodes, test strips, batteries, and instruments. These devices are also gaining popularity in research institutions and home care settings. The market encompasses a wide range of products, from portable devices to benchtop systems, catering to various applications in hospitals, clinics, and mobile C-arms, hybrid operating rooms, and angiography systems. Thus, such factors are driving the growth of the market during the forecast period.

Significant Market Trends

The paradigm shift from benchtop to portable POC blood gas and electrolyte devices is the key trend in the market. The market is experiencing significant growth due to the increasing preference for rapid and accurate electrolyte measurement at the bedside of patients, particularly in adult Intensive Care Units (ICUs). Central laboratory testing is being gradually replaced by PoC testing, which enables faster patient management and reduces the need for human couriers and rapid transit systems for blood samples. PoC devices can measure various blood measures, including electrolytes, in real-time, enabling timely assessment and intervention. These devices come with consumables such as cartridges, electrodes, test strips, batteries, and are increasingly being used in Home Care settings. Research Institutes and hospitals & clinics are investing in wireless PoC devices for the diagnosis and management of lifestyle disorders like obesity, Respiratory acidosis, and metabolic disorders. PoC blood gas and electrolyte devices are also being used in Pulmonary units, Neonatal intensive care, and Emergency room care. Combined analyzers that measure blood gases, CO-oximetry, and electrolytes are gaining popularity due to their cost-effectiveness and ability to provide multiple test results in a single device. Instruments used for PoC blood gas and electrolyte testing are advanced and equipped with PC interfaces for data analysis and interpretation. The market for PoC blood gas and electrolyte devices is expanding to include Instruments used in Mobile C-arms, Hybrid operating rooms, Angiography systems, Ultrasound systems, and Testing systems for the diagnosis and management of Infectious diseases, Kidney disease, and Liver disease. Thus, such trends will shape the growth of the market during the forecast period.

Major Market Challenge

The stringent government regulations is the major challenge that affects the growth of the market. The Point of Care (PoC) blood gas and electrolyte market plays a crucial role in electrolyte assessment for effective patient management, particularly in adult Intensive Care Units (ICUs) and neonatal intensive care units. Central laboratory testing, though comprehensive, has limitations due to the delay in results and the need for human couriers and rapid transit systems. PoC testing offers rapid and accurate measurement of blood measures, including electrolytes, CO-oximetry, and blood gases. Manufacturers supply various consumables, such as cartridges, electrodes, test strips, batteries, and wireless point-of-care devices for home care and research institutes. Regulatory concerns regarding testing variability and infection risk have led to stringent regulations, with the US Food and Drug Administration (FDA) granting market approval through 510(k) clearance. The market caters to various applications, including pulmonary units, infectious diseases, emergency room care, kidney and liver disease, and research institutions. Portable and benchtop devices are used in hospitals and clinics, as well as in mobile C-arms, hybrid operating rooms, angiography systems, and ultrasound systems. The market is also expanding to address lifestyle disorders, such as obesity and respiratory acidosis. Despite the challenges of cross-border trade due to varying regulations, the PoC blood gas and electrolyte market continues to grow, driven by technological advancements and increasing demand for accurate, real-time patient care. Hence, the above factors will impede the growth of the market during the forecast period.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

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.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, 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 Healthineers AG
• TECOM Analytical Systems
• Werfenlife SA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

By Product 

The consumables segment is estimated to witness significant growth during the forecast period. The market encompasses the use of blood gas analysis technology to determine pH levels, electrolytes, and metabolites in blood samples at the point of care. This market caters to various healthcare facilities, including Intensive Care Units (ICUs), emergency departments, hospitals and clinics, and ambulances.

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The consumables segment accounted for USD 552.9 million in 2018. Chronic diseases such as diabetes, chronic bronchitis, and cancer necessitate frequent monitoring of blood gas and electrolyte levels, leading to a high demand for these testing solutions. The consumables segment, comprising products like syringes, cartridges, test tubes, test strips, electrodes, controls, and kits, holds the largest market share. The increasing prevalence of chronic illnesses and the growing geriatric population fuel the demand for these consumables in the analysis of blood samples for pH, electrolytes, and biochemical markers. Additionally, the adoption of POC blood gas and electrolyte testing in outpatient settings, such as chest pain units, stroke units, operating rooms, burn units, trauma units, and ventilators, further boosts the revenue growth in this segment.

Regional Analysis

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Europe is estimated to contribute 37% to the growth of the global market during the market forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Blood gas analysis plays a crucial role in diagnosing and monitoring various chronic diseases, including diabetes, chronic bronchitis, and cancer, in Intensive Care Units (ICUs), emergency departments, and critical care units of hospitals and clinics. This process measures the pH level, electrolytes, and metabolites in a blood sample to identify electrolyte imbalances and biochemical markers related to heart rate, rhythm, respiration rate, blood pressure, and oxygenation. Point-of-care (PoC) blood gas and electrolyte testing has gained significant importance due to its convenience and quick results. PoC blood gas analyzers use terminals, pump tubes, and valves for the analysis, enabling healthcare facilities to provide timely therapeutic interventions. The consumables segment and instruments segment are the major markets for PoC blood gas and electrolyte testing, with the former accounting for a larger share due to the high frequency of testing. Blood samples can be obtained from various sources, such as arterial, venous, or capillary, and analyzed using portable blood gas analyzers. PoC testing is beneficial in various healthcare settings, including ICUs, burn units, trauma units, chest pain units, stroke units, operating rooms, and ambulances. Electronic medical records facilitate seamless data sharing and monitoring of therapeutic outcomes. Ventilators and other medical devices are integrated with blood gas analyzers for real-time monitoring and therapy adjustment.

Segment Overview

The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Product Outlook
  • Consumables
  • Instruments

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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Market Analyst Overview

The Point of Care (PoC) Blood Gas and Electrolyte Market refers to the segment of the healthcare industry that deals with the analysis of blood gases, pH levels, electrolytes, and metabolites at the patient's bedside or in emergency situations. This market caters to various chronic diseases such as Diabetes, Chronic bronchitis, and Cancer, as well as Intensive Care Units (ICUs), Emergency departments, and Critical Care Units in hospitals and clinics. Blood gas analysis is crucial for monitoring therapeutic outcomes in ICUs, burn units, trauma units, chest pain units, stroke units, operating rooms, and ambulances. PoC blood gas analyzers are compact devices that provide quick and accurate results, enabling healthcare professionals to make timely decisions. The market comprises two major segments: Consumables and Instruments. The Consumables segment includes terminals, pump tubes, and valves, while the Instruments segment consists of blood gas analyzers. PoC blood gas analyzers are integrated with electronic medical records, critical care units, and healthcare facilities to streamline workflows and improve patient care. Point-of-care testing plays a significant role in detecting biochemical markers, blood pressure, heart rate, rhythm, respiration rate, and electrolyte imbalances. These tests are essential for therapeutic therapy in various clinical settings, including ICUs, emergency departments, and ambulances. Ventilators are often used in conjunction with PoC blood gas analyzers to monitor patient conditions and optimize treatment plans. In conclusion, the PoC Blood Gas and Electrolyte Market is a vital component of the healthcare industry, providing quick and accurate analysis of blood gases, pH levels, electrolytes, and metabolites to improve patient outcomes in various clinical settings.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies