Point of Care (POC) blood gas testing includes a variety of tests that are used as a small venous blood sample. The test menus include HCO3, PCO2, TCO2, PH, and SO2. It also provides immediate results in a matter of a few minutes. The blood gas measurements are widely used for the evaluation of an individual’s acid/base level and oxygenation. According to AACC (American Association for Clinical Chemistry), most of the physician’s office labs offer nearly five or six POC tests, often for diabetes (glucose and haemoglobin A1C) and pregnancy, said TriCore’s David. Urgent care centres that perform a range of moderate to ciomplex tests typically offer a wide range of tests, like complete blood count, D-dimer tests, and flu testing. 

A 360-DEGREE OVERVIEW OF THE MARKET

In 2020, the Global POC Blood Gas & Electrolyte Market was valued at up to USD 1.95 Bn. It is anticipated to reach a landmark of approximately USD 4.16 Bn by 2030, representing a CAGR value of around 7.89 % throughout the estimated time frame of 2020-2030.

Increased growth of cancer, simultaneously with the rise of other chronic illnesses, are the major reasons that are responsible for the propulsion of this market worldwide. The American Institute of Cancer Research stated that there were almost 18.1 Mn cancer cases around the world in 2020. Out of these, around 9.3 Mn cases were among men & nearly 8.8 Mn cases were found in women.

North America significantly dominated the overall market growth with a total share of around 41.79 percent of the worldwide market in 2020. Owing to the prevalence of a significant patient population along with the rising prevalence of NCDs (like liver diseases, diabetes, & the increasing government support for the conduction of R&D activities, the market in the North American region is expected to cater to significant business opportunities in future. The CDC (Centres for Disease Control & Prevention) stated that diabetes had affected approximately 37.3 million Americans. At least 1 out of 10 people in the United States has diabetes.

The annual turnover for POCT in the field of Vitro diagnostics in Europe was valued at €3bn, out of which Deutschland contributed around €0.9bn of this. The majority of the revenue share in Europe comes from blood-sugar-test strips & devices for home tests for diabetes.

SOME OF THE RECENT DEVELOPMENTS NOTICED IN THE MARKET

• On November 17 2021, Edan Instruments successfully introduced its Next-Generation Blood Gas & Chemistry Analyzer and Patient Monitoring System. The products that Edan introduced were its 3rd Generation patient monitor iX Series, next-gen blood gas and chemistry analysis system i20, & the integrated portable version biofeedback & stimulation system PA4 Pro. “The products presented during this time are indeed a mind-changing experience,” stated Alex You, EDAN’s Senior Director of Global Marketing & Strategic Operations. He also added that “In the healthcare sector, we are clearly witnessing how the variety of technologies make a significant impact on the paramedics’ workflow, & further save time for conducting patient interactions.”
• On June 18, 2021, Roche SARS-CoV-2 molecular test was successfully granted the first FDA Emergency Use Authorization for the conduction of PCR testings of both asymptomatic and symptomatic individuals at the POC (Point of Care). It is such a highly efficient method that it gives results within 20 minutes, thus allowing the health care professionals to take immediate actions confidently and quickly.

• On May 15, 2020, Roche announced the successful launching of its Roche v-TAC, which is a new digital diagnostic solution that provides the clinicians with the privilege to get arterial blood gas values accurately from the patients who are suffering from metabolic or respiratory abnormalities through a simple, and less invasive venous puncture by the implementation of a digital algorithm.

Hence due to the significant developments that are occurring in the POC Blood Gas and Electrolyte Market, it is estimated that its overall growth is likely to get expedited in the upcoming years.