Future Outlook of Kuwait Blood Gas and POC Immunoassay Analyzer Market: Ken Research

1. Kuwait Blood Gas and POC Immunoassay Analyzer Market is growing steadily owing to the government's initiatives and funding.

Kuwait's Blood Gas and POC Immunoassay Analyzer Market is currently in its growing phase. In 2010, Kuwaiti Parliament approved a USD 110 Bn NDI, stretching to 2035, which aims to convert Kuwait into a trade and financial hub of the region by introducing laws to fund the development of a stronger healthcare system. The Public Healthcare system is the largest provider and provides primary, secondary and tertiary services while the private sector only focuses on the primary and secondary services in Kuwait. Increase in the number of patients, advances in blood and gas technology, increased research and healthcare activities contribute to market growth. Many players are successfully operating in BGA segment while there are limited number of players in both POC IAA and TCM segment. These players are competing on the basis of cost per test, testing parameters, design and portability of the product and friendly user interface.

2. The Blood Gas Analysis devices are installed in the government hospitals, having the scope for expansion in the private sector.

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BGA devices are more popular in Kuwait with the high preference for medium to high workload devices via consumable sales model. Majority of the devices are installed in the hospitals. Since, the public hospital is dominating the healthcare facility in Kuwait therefore the maximum number of devices are installed in the government hospitals. Private hospitals may become the new potential market for the installation of new BGA devices as this market is yet to be explored. Increase in the number of patients has led to further analysis of the blood samples and therefore to an increase in the activity of the electrolyte and blood gas analyzers. Advances in blood and gas technology, increased research and healthcare activities contribute to market growth. Government funding also stimulates the Kuwait's market for blood gas analysis.

3. The POC Immunoassay Analyzer Market is expected to grow in Kuwait.

POC IAA are popularly sold via consumable sales model and a high number of these devices are handheld devices. Product specifications is a high determining factor for the device sales. Replacement is around 2-3 devices per year. One of the major reason for high testing was COVID-19. This led to a great demand for the D-Dimer test in Kuwait. But there are certain challenges as well. Misinterpretation of results and dearth of skilled professionals in the clinical diagnostics domain have posed challenges. Still the market in Kuwait for the Healthcare and Medical sector is strong and increasing steadily, particularly buoyed up by the surplus funds coming out of the oil profits in Kuwait.

For more insights on market intelligence, refer to the link below: -
https://www.kenresearch.com/healthcare/medical-devices/kuwait-blood-gas-and-poc-immunoassay-analyzer-market/574432-91.html

SECTOR 49 GURGAON

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.