Libya Diagnostic Medical Devices Market Overview:
The Diagnostic Medical Device Market in Libya has seen a comprehensive and significant growth over the last few years owing to Libya’s expanding healthcare infrastructure and improving quality of the healthcare services. The majority of Blood Gas Analyzers and Immunoassay Analyzers in Libya are imported from the European countries. Rise in disease prevalence has driven the country’s need to adopt new generation diagnostic devices, resulting in increasing the demand for the Blood Gas and POC Immunoassay Analyzers in the country. The rising incidence of chronic diseases such as cardiovascular, Immunological and Neonatal diseases with addition to Covid-19 have led to an increase in emphasis on early diagnosis in Libya.
In Libya most of the healthcare expenditure and supply of healthcare services are accounted by Public Sector as these facilities are free for all of the country’s citizen. Libya offers a variety of opportunities in terms of advancements in the healthcare sector, as the government is keen on expanding the healthcare industry, especially relating to medical devices. Libya is expected to see increase in the role pf private sector in terms of diagnostics and treatments. Quality, safety improvement and sustainment assurance has become a priority for most of the end users. The market was significantly influenced by political situation in the country. Better political situation will not only help to lead the medical devices demand but also the entry of new emergent players in the market.
An increasing number of patients suffering from cancer and chronic diseases is a major factor expected to fuel demand for Blood Gas Analyzers in Libya. Slow and steady rise in the adoption rate is expected to fuel the future of the market which is majorly due to the increased demand in the private sector in the POC IAA market. Libya’s healthcare sector has solid foundations, exciting growth opportunities and promising talent, making it the future of the healthcare industry.
Libya Blood Gas Analyzer Market Segmentations:
Market Size: The Blood Gas Analyzer market size is on the basis of installed base. There has been a rise in the POC devices over the years though, the use of central lab blood gas analyzers dominates the market.
By Type of Device: The Blood Gas Analyzer are segmented by type of product category into Central Lab Devices and POC installed in Libya. Further POC devices have been segmented as POC Benchtop devices and POC Handheld.
By Type of Sales Model: Blood Gas Analyzer are further segmented into Consumable Sales Model and Outright sales Model. Where Consumable sales model is the reagent model and Outright Sale model is a direct sale device.
By Type of End Users: Blood Gas Analyzer are segmented on the basis of sector of Entity Type which are the Hospitals, government and private hospitals as well as the Clinics and Independent Labs.
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Libya POC Immunoassay Analyzer Market Segmentations:
Market Size: The POC Immunoassay Analyzer market size is segmented on the basis of installed base. There has been a rise in the POC devices over the years.
By Type of Sales Model: POC Immunoassay Analyzer are further segmented into Consumable Sales Model and Outright sales Model. Where Consumable sales model is the reagent model and Outright Sale model is a direct sale device.
By Type of Test Conducted: The POC Immunoassay Analyzer market is segmented on the basis of major types of tests conducted in a year
By Type of End Users: POC Immunoassay Analyzer are segmented on the basis of sector of Entity Type which are the Hospitals, government and private hospitals
Comparative Landscape in Libya Blood Gas Analyzer and POC Immunoassay Analyzer Market
In the majority of the product segments, the competition was observed to be concentrated with global players such as Opti Medical, Radiometer, and Others. Nevertheless, the global market leaders for manufacturing Blood Gas Analyzer and POC Immunoassay Analyzer are dominating the market in Libya.
Libya Blood Gas Analyzer and POC Immunoassay Analyzer Market Future Outlook and Projections
An increasing number of patients suffering from cancer and chronic diseases along with technological advancement, increased research and healthcare activities, rise in the number of diagnostic centers, private clinics and hospitals are major factors expected to fuel demand for Libya’s BGA and IAA market. Public-private partnerships will also ease the economic burden of non-communicable diseases on the government. Over the near term, both BGA and IAA markets are expected to grow at a double-digit CAGR of 10.5% and 13.7% respectively owing to investment in facilities is forthcoming from both the government and the private sector, helping to meet rising demand from a growing population, a factor which will likewise create a greater need for medical devices.
Key Factors Considered in the Report
- Comprehensive analysis of Blood Gas Analyzer, POC Immunoassay Analyzer and Transcutaneous Monitoring Devices Market in Libya
- Market Size on the basis of Installed unit, 2021
- Listed major players and their installed base, strengths and weaknesses.
- Cross Comparison of Major players in the Libya Blood Gas, POC Immunoassay and Transcutaneous Monitoring Devices Market on the basis of Qualitative and Quantitate Parameters
- Listed future technologies in each product segment
- Identified major trends and developments in the market and assessed the future growth of the market.
- Future pipelined healthcare projects in Libya
- Future Projections for each product category
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