Global POC Blood Gas and Electrolyte Market Growth at CAGR of 5.95%, 2017-2021

Global POC Blood Gas and Electrolyte Market Growth at CAGR of 5.95%, 2017-2021

PR Newswire

DUBLIN, September 13, 2017

DUBLIN, September 13, 2017 /PRNewswire/ --

The "Global POC Blood Gas and Electrolyte Market 2017-2021" report has been added to Research and Markets' offering.

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The global POC blood gas and electrolyte market to grow at a CAGR of 5.95% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global POC blood gas and electrolyte market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of various types of analyzers and consumables used for treatment.

The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the major drivers for this market is Rising geriatric population. The rise in older population globally will increase the adoption of POC devices, which impacts the growth of the POC blood gas and electrolyte market positively. The rapid increase in older population worldwide has far-reaching implications on the public health system of the various counties in the Americas, EMEA, and APAC. Also, it will create demand for POC blood gas and electrolyte products mostly in home care settings.

The latest trend gaining momentum in the market is Paradigm shift from benchtop to portable POC blood gas and electrolyte devices. The blood gas and electrolyte testing market is undergoing a radical change with the introduction of compact devices. 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 switchover to the POC variant from the benchtop variant. Other factors such as cost-effectiveness and rapid turnaround times are also encouraging adoption. The global POC blood gas and electrolyte is additionally seeing high adoption of combined analyzers.

Further, the report states that one of the major factors hindering the growth of this market is High cost of replacement and maintenance. The need for replacement of terminals, pump tubes, principle tubing, and valves used in POC blood gas and electrolyte products adds to the cost in clinics and laboratories and also negatively affects round-the-clock operations. If any of the components stop functioning, it renders the product ineffective. Maintenance and sanitation are also important factors to consider keeping the products functional for a long time, which also adds to the costs. Therefore, many of the end-users are opting for low-cost refurbished analyzers, where the cost of replacing components is comparatively low. The shift from new POC blood gas and electrolyte analyzers to a refurbished one minimizes the product's lifecycle and often produces inaccurate result as well. This could affect the sales of original equipment manufacturers and thereby the market growth.

Key vendors

Other prominent vendors

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by products

PART 07: Market segmentation by end-user

PART 08: Geographical segmentation

PART 09: Decision framework

PART 10: Drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

For more information about this report visit https://www.researchandmarkets.com/research/xqnjqf/global_poc_blood

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