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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:
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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
Key POC Blood Gas and Electrolyte Market Trend
Key POC Blood Gas and Electrolyte Market Challenge
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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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