Thailand Blood Gas Analyzer Market
Consistent growth was recorded within Thailand Blood Gas Analyzer Market owing to multiple factors including higher per capita health expenditure and improving healthcare facilities in the country. Thailand Blood Gas Analyzer market size on the basis of the number of devices installed increased from ~ in 2014 to ~ in the year 2020, at a single-digit CAGR of ~% during 2014-2019 review periods. The market is in a growing stage complemented by the growing elderly population, higher number of insured patients along booming medical tourism sector within the country.
Thailand Cardiac Biomarker Analyzer Market
Thailand Cardiac Biomarker market in terms of Number of Devices installed increased from ~ in 2014 to ~ in 2020P, at a single-digit CAGR of ~% during 2014-2019 review periods. Change in population structure i.e. the transition to the Thai aging society has led to a surge in more heart-related patients in the elderly age group. The market is booming owing to the rising number of heart-related disease patients, increasing government health expenditure, rising expenditure among the elderly population along with their increased spending towards heart-related conditions.
Thailand Blood Gas Analyzer Market Segmentation
By Product: Reagents dominated the Blood Gas Analyzers Market in terms of revenue as Hospitals in Thailand generally don’t purchase the devices, but procure a said amount of reagent as per contract. More than ~% of devices are placed on a Rental Basis in the country.
By Type of Device: Medium to High Workload Devices dominated the blood gas Analyzer market in terms of the Number of Devices installed as major end-users prefer high workload devices. The cost per test on these devices is generally low and lies between THB~ – THB~. Single Test Analyzers on the other hand are generally used by small-sized hospitals that have observed a comparatively less number of tests being conducted.
By Region: In terms of the number of device installations, the Bangkok region dominated the market in 2019, followed by Central Region due to the higher number of devices installed as a result of higher capacity. A higher number of total hospitals distributed in the Northeast region has enabled a high number of devices compared to the remaining four regions in the country.
Thailand Cardiac Biomarker Analyzer Market Segmentation
By Product: Reagent Rental Model dominated the market as they have higher replacements rate & hospitals generally consider placing the devices on rental model owing to the medium to a high number of samples conducted per month.
By Type of Device: Thailand Cardiac Biomarker Analyzer Market is dominated by semi-automated devices that are generally small portable systems. These devices are comparatively low-cost devices that usually lie within the range of THB ~ -THB ~. Fully Automated systems are generally very costly are these systems are majorly benchtop systems hence not preferred by all type of devices.
By Type of Cardiac Biomarker: Troponin dominated the Cardiac Biomarker industry as it is a true diagnostic marker for determining myocardial damage which is easily measured along with high specificity and is also preferred by the majority of the doctors in the country. Troponin I accounted for ~%, the major proportion in terms of revenue in Troponin segment.
CKMB occupied the second biggest revenue share as it is tested frequently for determining the prognosis of cardiac disease followed by NTproBNP which is also tested regularly to comprehend heart valve disease. Other Markers such as D-dimer, CRP, and Procalcitonin occupied the remaining share of the industry as these are used for understanding inflammation in coronary arteries i.e. too specific along with higher costs. Hence, they generally have low test volume.
Competition Scenario In Thailand Blood Gas And Cardiac Biomarker Analyzer Market
Blood Gas Analyzer Market in Thailand is growing with ~ firms competing on the basis of Contractual terms, Warranty, Price of Products and Average Cost per Test & Number of Parameters. The blood gas analyzer industry is a highly concentrated market in terms of the number of devices installed across different end-users in the country. Major players include OPTI Medical, Abbott, Nova Biomedical, Instrumentation Laboratory, Radiometer, Siemens Healthcare, and others. Other players in the industry include i-Sens, Edan, Roche Diagnostics, and Techno Medica which occupy a comparatively lower market share.
Cardiac Biomarker Analyzer industry is a concentrated space with ~ players competing on the basis of parameters including new Product Launches, Exclusive Features, Parameters of Tests, Size of the Devices, Price of Devices, cost per test, major clients, and distributors. The market is highly Concentrated by ~ players accounting for >~% share in the Number of Cardiac Biomarker Installations. Major players include Roche, Abbott, LSI Medience Corporation, Osang Healthcare, and Biomerieux.
Thailand Blood Gas and Cardiac Biomarker Analyzer Market Future Outlook And Projections
The Blood Gas and Cardiac Biomarker Analyzer industry are expected to witness a single-digit growth rate of ~% and ~% in the forecast period 2020-2025. Rapid growth in healthcare expenditure, increase in the number of hospitals, shift towards automated systems for managing higher workload, adoption of high sensitivity prognostic and diagnostic markers, increasing elderly population, and rising prevalence of cardiovascular diseases are expected to bring positive growth in the market in the coming years.
Key Segments Covered: –
Blood Gas Analyzer Market:
By Type of Device (Number of Devices Installed)
Medium to High Workload Device
Single Test Analyzer Device
By Type of Product (Revenue)
By Region (Number of Devices Installed)
North Eastern Region
Cardiac Biomarker Analyzer Market:
By Type of Product (Number of Devices Installed)
By Type of Device (Number of Devices Installed)
Semi-Automated Small Portable System
Fully-Automated High-End System
By Type of Cardiac Biomarker (Revenue)
Major Manufacturing Brands:
SE Supply Group
Key Target Audience: –
Blood Gas Analyzer Manufacturers, Importers, and Distributors
Cardiac Biomarker Manufacturers, Importers, and Distributors
Government and Regulatory Bodies
Heart Hospitals & Research Institutions
Medical Device Consultant Firms
Time Period Captured in the Report:-
Historical Period: 2014-2020
Forecast Period: 2021-2025
Key Topics Covered in the Report: –
Overview of Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Thailand Blood Gas and Cardiac Biomarker Analyzer Market Value Chain Analysis
Thailand Blood Gas Analyzers& Cardiac Biomarker Market Size
Thailand Blood Gas and Cardiac Biomarker Analyzer Market Ecosystem
Thailand Blood Gas and Cardiac Biomarker Analyzer Market Segmentation
Government Role and Regulation in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Trends and Developments in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Issues and Challenges in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Competitive Landscape in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Market Share of Blood Gas & Cardiac Biomarker Players in Thailand basis Number of Devices Installed
Strength and Weakness of Major Players in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
End-User Perception in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
SWOT Analysis Thailand Blood Gas and Cardiac Biomarker Analyzer Market
Thailand Blood Gas and Cardiac Biomarker Analyzer Market Future Projections, 2020P-2025F
For More Information on the research report, refer to the below link: –
Related Reports by Ken Research: –
Europe POCT Devices Market Outlook to 2022 – by Geography (Western Europe & Eastern Europe), by Product (Blood Glucose POCT, Infectious POCT, Cardiac POCT, Rapid Coagulation POCT, Blood Gas & Electrolytes POCT, Hematology POCT, Pregnancy POCT, Urinalysis POCT, Cholesterol POCT, Fecal Occult POCT, Hb1Ac POCT & Drugs of Abuse POCT), by Customer Segments (Hospitals & Clinics, Diagnostics Labs & Primary Care Units and Homecare & Patients)
India POCT Market Outlook to 2023 – By Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy, and Fertility Testing Kits, Cardio-Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits, and Others), By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others), By Distribution Channel (Distributors and Direct Sales), By Consumables and Instruments and By Region
India Blood Gas and Cardiac Biomarker POC Analyzer Market Outlook to FY’2025-By Product (Device and Reagent), By Device Type (Medium to High Workload and Single Test Analyzer Device), By Region (Tier 1, Tier 2 and Tier 3) and By End User (Hospital, Clinics, and Small Health Setup and Diagnostic Labs)
Contact Us: –
Ankur Gupta, Head Marketing & Communications