Next Generation Blood Gas Monitors System Market Prophesied to Grow at a Faster Pace by 2027
VALLEY COTTAGE, N.Y. – Next Generation Blood Gas Monitors are the devices used for monitoring the level of arterial oxygen tension (pO2), carbon dioxide tension (pCO2), and acidity (pH), these parameters assist in disease diagnosis such as shock, overdose of a particular drug, pulmonary disorder etc. The Next Generation Blood Gas Monitors are vital devices for CCU and ICU rooms in the hospital. The Next Generation Blood Gas Monitors market has evolved gradually from single parameter table-top devices to technologically advanced compact hand held devices. Currently, Next Generation Blood Gas Monitors system market comprises of handheld Blood Gas Monitors and bench-top Monitors, depending upon their size and portability. Apart from the normal blood gas monitors the next generation monitors have the ability to monitor glucose and calculate factors, such as P/F ratio and temperature corrected gases. This ability to measure blood glucose and monitor blood gases directly, frequently and easily by the patient, can allow closer patient management and earlier interventions.
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Next Generation Blood Gas Monitors System Market: Drivers & Restraints
The primary factor for the growth of global blood gas Monitors market is the increasing number of hospital admissions attributed to increasing geriatric population and rising incidence of chronic diseases. Secondly growing healthcare expenditure levels and the introduction of advanced technologiesdrives the market growth for Next Generation Blood Gas Monitors systems over the forecast period. However stringent regulatory norms in some countries and high cost of point of care (POC) devices are the factoring restraining the market growth of Next Generation Blood Gas Monitors system market over the forecast period.
Next Generation Blood Gas Monitors System Market: Segmentation
This market is segmented on the basis of product type, distribution channel and drug class
Segmentation based by product type
- Bench Top
Segmentation based by end user
- Cardiac Centers
- Clinical Laboratories
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Segmentation based by application
- Next Generation Blood Gas Monitors
- Combined Next Generation Blood Gas Monitors
Next Generation Blood Gas Monitors system market is mainly dominated by trends such as introduction of technically advanced sleek hand held devices having short turnaround time. Also the trends such as, increasing inclination to adopt combined Next Generation Blood Gas Monitors, which analyzes electrolyte parameters along with blood gas and manufacturers consistently focusing on developing user friendly and automated devices, which provides accurate results in short time are changing the market scenario, however there are many such trends expected to dominate the market over the forecast period.
Next Generation Blood Gas Monitors System Market: Overview
There are different varieties of Next Generation Blood Gas Monitors devices available in the market. Depending on geographic region, the Next Generation Blood Gas Monitors system market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
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Globally, Next Generation Blood Gas Monitors market is expected to witness healthy growth in the near future due to increasing number of product innovations and the rise in per capita expenditure on healthcare in the developing nations. Next Generation Blood Gas Monitors system market is anticipated to show highest share is of North America followed by Europe owing to technological advancement, sophisticated technologically advanced healthcare infrastructure and more number of market players in these regions. Also it has been analyzed that most of the Next Generation Blood Gas Monitors available in North America and Western Europe have ability to integrate with the EMR system of the hospital, thus improving and streamlining the work flow at the healthcare facilities. Asia-Pacific market is expected to register fastest growth owing to the rise in geriatric population and also the rise in incidence of chronic diseases over the forecast period.
Next Generation Blood Gas Monitors System Market: Key Players
Some of the key market players in global Next Generation Blood Gas Monitors market includes –
- Radiometer Medical
- Convergent technologies
- Abbott Point of Care Inc.
- Alere, Inc.
- Nova Biomedical
- Roche Diagnostics
- Siemens Healthcare
- Samsung Medison
- Nova Stat
- Edan Instruments
- Dalko Diagnostics
These players are entering into mergers & acquisitions, strategic collaborations, and product portfolio expansions, which are their key sustainability strategies. Secondly many local players have started entering in this lucrative market.
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