POC Blood Gas and Electrolyte Market

• Rise in prevalence of chronic disorders is driving the market growth

Increases in the prevalence of chronic diseases, the geriatric population, the number of patients being treated in intensive care units, neonatal intensive care units, and emergency departments, technological advancements in blood gas and electrolyte analyzers, and an increase in the number of product approvals ly are the main factors driving the growth of the blood gas and electrolyte analyzers market. Additionally, a substantial possibility for market growth exists with the integration of blood gas analyzers with electronic medical records and laboratory information systems. These integrated technologies not only enable precise patient health monitoring but also facilitate workflow.

Additionally, the market for blood gas and electrolyte analyzers is anticipated to be greatly boosted throughout the projected years due to the growth in demand for technology-integrated combination systems and point-of-care devices.

The Global POC Blood Gas and Electrolyte Market Industry is experiencing rapid technological advancements, particularly in the development of portable and user-friendly devices. Innovations such as miniaturized sensors and integrated diagnostic platforms enhance the accuracy and speed of results, making them invaluable in emergency and critical care settings. For instance, the introduction of handheld analyzers allows healthcare professionals to obtain results in real-time, which is crucial for timely decision-making. This trend is expected to drive market growth as the industry anticipates a valuation of 3.03 USD Billion in 2024, reflecting the increasing reliance on advanced diagnostic tools.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America POC Blood Gas and Electrolyte Market dominated this market in 2022 (45.80%). This is due to the fact that chronic diseases like diabetes, kidney disease, and liver disease are quite common as well as the fact that the government now funds more research and development. Furthermore, the market for point-of-care blood gas and electrolyte analysis in this field is dominated by a small number of significant players.

According to the Centres for Disease Control and Prevention (CDC), 30.3 million Americans of all ages were diagnosed with diabetes in 2015. The number of diabetic patients is rising, which boosts hospital traffic and fuels a significant need for POC blood gas and electrolyte equipment. Further, the U.S. POC Blood Gas and Electrolyte market held the largest market share, and the Canada POC Blood Gas and Electrolyte market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. 

Figure 2 POC BLOOD GAS AND ELECTROLYTE MARKET SHARE BY REGION 2023 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe POC Blood Gas and Electrolyte market accounted for the healthy market share in 2022. This is due to both the rising prevalence of chronic diseases including diabetes, renal disease, and liver disease and the increasing funding for research and development by governments worldwide. There are also only a few of major players in the point-of-care blood gas and electrolyte analysis market. In 2015, it was estimated by the Centres for Disease Control and Prevention (CDC) that 30.3% of all Americans were living with diabetes.

As the prevalence of diabetes rises, so does the need for point-of-care (POC) blood gas and electrolyte monitoring systems in hospitals. Further, the German POC Blood Gas and Electrolyte market held the largest market share, and the U.K POC Blood Gas and Electrolyte market was the fastest growing market in the European region

The Asia Pacific POC Blood Gas and Electrolyte market is expected to register significant growth from 2023 to 2032. The population of obese and diabetic people is growing quickly, and healthcare costs are going up. 60% of the world's diabetic population, according to the WHO, is in the Asia Pacific region. Furthermore, the presence of quickly growing economies like China and India is projected to support market expansion throughout the projection period.

Moreover, China’s POC Blood Gas and Electrolyte market held the largest market share, and the Indian POC Blood Gas and Electrolyte market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the POC Blood Gas and Electrolyte market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, POC Blood Gas and Electrolyte Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the POC Blood Gas and Electrolyte Industry to benefit clients and increase the market sector. In recent years, the POC Blood Gas and Electrolyte Industry has offered some of the most significant advantages to medicine. Major players in the POC Blood Gas and Electrolyte market, including Siemens, Abbott, F. Hoffman-La Roche Ltd., Radiometer, Nova medical, Edan Instruments Inc., and Instrumentation Laboratory, are attempting to increase market demand by investing in research and development operations.

Medical equipment distributor Sysmex Corp (Sysmex). It conducts research, develops, produces, and markets equipment, reagents, and software programmes that simplify medical examinations, treatment, and illness management. The business provides clinical laboratories with diagnostic tools, reagents, and lab information systems for testing. The company provides urinalysis analyzers, haemostasis, and haematology products. At its locations in Japan, New Zealand, France, Germany, and the US, it carries out research and development. Together with its subsidiaries, the corporation conducts business across the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Institutions that practise medicine use its products.

The headquarters of Sysmex are in Hyogo, Japan. A well-known brand in the diagnostics solutions sector, Sysmex America Inc., gained FDA approval in June 2022 for the inclusion of a new function to its N-10 Automated Haematology Analyzer with Blood Bank mode. The first automated analyzer approved for residual WBC counting is this one.

A division of Siemens AG, Siemens Healthineers AG (Siemens Healthineers) is a manufacturer and distributor of diagnostic imaging systems, clinical and workflow systems and solutions, and systems for minimally invasive treatments. The company's key products include mobile C-arms, hybrid operating rooms, angiography systems, ultrasound systems, computed tomography systems, magnetic resonance imaging systems, testing systems, and point-of-care (POC) testing systems. Additionally, it provides business and digital services. Physicians, public health organisations, universities, state-run and private health insurance, pharmaceutical firms, and clinical research institutions are among the healthcare providers served by Siemens Healthineers.

The corporation has operations in Asia-Pacific, Europe, the Americas, the Middle East, and Africa. Erlangen, Germany serves as the home base for Siemens Healthineers. The epoc Blood Analysis System was introduced by Siemens Healthineers in April 2021. It is a portable, wireless system that provides patient-side results in under a minute and includes complete blood gas, a basic metabolic panel, hematocrit, and lactate on a single room temperature-stable test card. It helps to support Covid-19 response initiatives, where blood gas analysis is crucial for treating infected individuals.