Blood Gas and Electrolyte Analyzer Market - Global Industry Analysis

Blood Gas and Electrolyte Analyzer Market

Global Blood Gas and Electrolyte Analyzers Market: Industry Size, Share, Key Segments, Applications, Growth, Analysis and Forecast, 2018–2025

Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-981 Published Date: May-2019 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 655.95 Million USD 991.72 Million 4.7% 2023

Blood Gas and Electrolyte Analyzer Market

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A blood gas test measures blood gas tension values, which act as indicators of oxygenation, ventilation, and respiration. It is basically used to measure respiratory oxygenation prominence and acid-base balance of patients. There are various tests to analyze and measure the blood gas that depends on blood source including arterial blood gases that come from the arteries. Blood gas analyzers are generally used in serious conditions like diabetes, blood drug overdose, vessel hemorrhage, and shock for testing numerous factors, such as oxygen concentration, electrolytes, partial pressure of oxygen and carbon dioxide, and hydrogen ions.

The rise in chronic disease prevalence and increase in aging population, growth in the demand for POC (point-of-care) analyzers, and decrease in the cost of critical care are expected to drive the global market of blood gas and electrolyte analyzer market in the future. However, unfavorable reimbursement scenario and complex operations and interpretation of data are anticipated to impede the growth of the blood gas and electrolyte analyzer market. Nevertheless, the miniaturization of POC blood gas analyzer and increasing demand for technology-integrated systems are likely to create new market opportunities in the years to come.

Global Blood Gas and Electrolyte Analyzer Market

The blood gas analyzer or blood gas and electrolyte analyzer market is divided into product type, modality, and end-user. On the basis of product type, the blood gas analyzer or blood gas and electrolyte analyzer market is categorized into blood gas analyzers, electrolyte analyzers, combined analyzers. Combined analyzers held the largest market share in 2018, owing to its flexibility for measuring multiple parameters like blood gases, metabolites, and electrolytes. By modality, the blood gas and electrolyte analyzer market includes portable, benchtop, and laboratory. The portable segment held the largest market share in 2018, owing to the accurate results along with the ease of use of blood gas tests for bed-ridden patients. By end-user, the blood gas and electrolyte analyzer market include hospitals and clinics, laboratory and institute, and ambulatory surgical centers. Hospitals and clinics held the largest market share in 2018, owing to the rising number of patients treated in (Neonatal Intensive Care Unit) NICUs, emergency departments, and ICUs, where more blood gas analyzers are used to treat patients in critical conditions.

By region, North America is anticipated to account for the dominant market share of the global blood gas and electrolyte analyzer market, due to the increasing number of product approvals, rising occurrences of lifestyle-related diseases, and a growing number of government initiatives.

Some major manufacturers of the global blood gas and electrolyte analyzer market are Abbott Laboratories, Instrumentation Laboratory, Roche Diagnostics Limited, Siemens Healthcare, Alere, Radiometer Medical, Nova Biomedical, ERBA Diagnostics Mannheim, OPTI Medical Systems, and Medica Corporation.

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