Overcoming restraining factors such as price, the use of blood gas analysers and monitors is increasing across Europe's hospitals. The ability to deliver vital parameters instantaneously has driven the market, while creating extremely lucrative growth opportunities.
"The growing need for immediate bedside results, coupled with the rising patient population, has led to the enhanced penetration of blood gas monitors and analysers," says Frost & Sullivan Research Analyst C.R.Hema Varshika. "Laboratory tests that used to take around 30 minutes for the result to be obtained are now a thing of the past; currently manufactured point of care devices yield immediate answers."
Regulatory problems and competition from local participants constitute the main challenges in the market. Each country has a distinct system of purchasing equipment and this disparity can only be overcome once countries adopt uniform laws. At the same time, high levels of brand consciousness among hospitals and intense competition from local participants will deter prospective market entrants.
"Increased penetration in this mature market can be achieved only through innovative products and effective marketing strategies," advises Ms. Varshika. "Proactive marketing of technologically advanced and user-friendly products will lead to a rise in market share."
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the European Blood Gas Analysers and Monitors Market (M00B - 56) then send an e-mail to Radhika Menon Theodore - Corporate Communications at rmtheodore[.]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.
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Keywords in this release: blood gas analyzers and monitors, Europe, hospitals, blood gas analyzers, blood gas monitors, bedside results, point of care devices, laboratory tests