Point of Care (POC) Blood Gas and Electrolyte Market by Product and Geography - Forecast and Analysis 2022-2026

The POC blood gas and electrolyte market share is expected to increase by USD 443.92 million from 2021 to 2026, and the market's growth momentum will accelerate 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. Furthermore, this report further entails POC blood gas and electrolyte market segmentation, 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?

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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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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