Libya Blood Gas Analyzer Market Analysis — Ken Research
1. Apart from the deaths caused by Conflicts and Terror in the country, Hypertensive Heart Disease is a major cause of death in Libya
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Libya is an upper middle-income country which is politically and economically unstable. Libya is characterized with the highest number of well written health strategies and policies, different health guidelines based on ongoing decentralization of the country but with no compliance or approval.
Major causes or factors that affect the Libyan’s Health includes the Dietary risks, consumption of Tobacco and High Body mass index. Major Death Causes after the conflicts & terror in the country are the rising risks by Diabetes and Ischemic heart disease. Libya is focused on upgrading its facilities and diagnostic capabilities. Rise in the number of Diagnostic Centers, private clinics and hospitals will lead the future growth of the Blood Gas Analyzer, Immunoassay Analyzer Market in Libya.
2. Future market growth drivers and way forward for the Libyan BGA market
- Rise in number of patient visits in hospitals coupled with surge in the number of treatments needing testing for appropriate diagnosis will boost the market growth in Libya
- The relatively stable growth rate of the segment can be ascribed to high replacement rate.
- Upcoming projects; development of medical cities and teaching hospitals in both East and West Libya, can lead to a huge demand in the devices.
- Advances in blood and gas technology, increased research and healthcare activities contribute to market growth.
3. The market is expected to increase for the Benchtop POC IAA devices via Outright sales model with the high installation in the Hospitals
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The market is expected to increase for the Benchtop POC IAA devices via Outright sales model with the high installation in the hospitals by 2026F.
There would be a high need for rapid daily testing especially for the cardiac parameter in the future, which will result in the high demand for POC IAA in hospitals. Emerging economy offer significant growth opportunities for the players operating in this market.
4. Libya reported acute shortages of health care facilities, staff, medicines and supplies across the country which could be addressed to reap benefits
Despite the purchase of large amounts of equipment and test kits by the Libyan government there seems to be an issue with clearance, distribution and putting in place the supplies received. There are shortcomings regarding comprehensive surveillance and testing strategy and that there are chronic shortages of equipment and test kits. In-country logistics in Libya is very difficult to finance.
Absence of quality local suppliers, tender processes are not followed as per organizations rules. Available national funds are allocated to reconstruction, rehabilitation and procurement of branded equipment supplies. Many newly constructed and “functional” standard health facility buildings are available/intact but there is lack of skilled staff. There is huge lack of skilled human resources compounded by their unequal distribution at all levels of care and geographic coverage in Libya. Addressing these areas can give competitive edge to the manufacturer.
For more insights on the market intelligence, refer to the link below:
Blood Gas analyzer Market Libya
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