POC Blood Gas and Electrolyte Market Growing Popularity and Demand by 2023

The Global Point of Care Blood Gas And Electrolyte Market is expected to grow at a CAGR of 7.8% during the forecast period 2017-2023.

Point of care blood gas and electrolyte analyzers is the new technology, which helps in reducing therapeutic turnaround time, enhancing patient satisfaction, accuracy, and help to improve hospital operations. Rising prevalence of chronic diseases and cancer across the globe, increasing the treatment of NICUs, ICUs, Cardiovascular Operating Room (CVOR), and emergency department, which drives the global point of care blood gas and electrolyte devices market growth.

In 2017, due to changes in the regulatory policies of the U.S., R&D investment is affected to some extent. In 2016, R&D spending of the US was 527.5 billion, which grew by 1.6% in 2017. Currently, the major shares of the global market are dominated by few leading players, and they can fluctuate the costs of the products. In developing regions such as Asia Pacific the suppliers are trying to provide their products at affordable price.

Key players:

Some of the major players in this market are Siemens, Abbott, F. Hoffman-La Roche Ltd., Radiometer, Nova medical, Edan Instruments Inc., and Instrumentation Laboratory.

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Regional analysis:

Considering the global scenario of the market, the Americas dominates the global point of care blood gas and electrolyte market owing to the presence of a huge patient population with a chronic diseases like diabetes, kidney and liver disease and increasing government support for research & development.

Additionally, concentration of leading players in this region accounts for the major share of the global market. According to Centers for Disease Control and Prevention (CDC), 30.3 million people of all age group of the U. S. population diagnosed with diabetes in 2015. Rapidly rising diabetic patient population increases the footfall in hospitals, and create the immense demands for POC blood gas and electrolyte devices.

Europe is the second largest market, which is followed by Asia Pacific owing to the presence of well-developed healthcare sector, strong government support for research & development and high healthcare expenditure. Regionally, Europe is divided into Germany, France, the U.K, Italy, Spain, and Rest of Western Europe. Germany and the U.K are the major contributors to the European market growth.

Brief TOC

1 Report Prologue

2 Market Introduction

2.1 Definition

2.2 Scope of Study

2.3 Research Objective

2.4 Assumptions & Limitations

2.4.1 Assumptions

2.4.2 Limitations

2.5 Market Structure

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3 Research Methodology

3.1 Primary Research Methodology

3.2 Secondary Research Methodology

3.3 Market Share Analysis

3.4 Market Pricing Approach

4 Market Factor Analysis

…TOC Continued

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