Home » Business, Europe, Health & Medicine, Pharmaceuticals & Biotech » Blood Gas and Electrolyte Analyzers Market to hit $700mn by 2023

“Germany blood gas and electrolyte analyzers industry is well established, with market size estimates to reach over USD 50 million by 2023. The high penetration of these devices in the region is attributed to adoption of advanced technology, and high preva”
Blood Gas and Electrolyte Analyzers Market Size By Product (Benchtop, Portable), By Application (Blood Gas Analyzers, Electrolyte Analyzers, Combined), By End-User (Central Laboratories, Point-of-care) Industry Analysis Report, Regional Outlook (U.S., Germany, France, Spain, India, China, Japan, Brazil, Mexico, South Africa), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023

Increase in geriatric population and rising prevalence of chronic diseases is accelerating blood gas and electrolyte analyzers industry. The growing trend (Point of Care) technology will further stimulate the demand for blood gas and electrolyte analyzers worldwide.

According to Global Market Insights, Inc. “Blood Gas and Electrolyte Analyzers Market is estimated to witness a CAGR of 4.5% over the period of 2016-2023.” Diagnostic outcomes gained with the help of these analyzers have led to accurate diagnosis of various chronic diseases, which in turn is fueling the blood gas and electrolyte analyzers industry growth.

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Blood gas and electrolyte analyzers market will significantly expand, owing to its end-use in Central Laboratories and Point-of-care (PoC). PoC setting is racing ahead of the central laboratories application due to its functioning in less time and minimum error. Furthermore, Combined Analyzers is the most lucrative application segment gaining significant popularity due to its ability to perform dual functions of electrolyte analyzing and blood gas testing. It is projected to witness a CAGR of 5.5% over 2016-2023.

On the product front, portable and benchtop are the two types of blood gas and electrolyte analyzers. The portable analyzers are the dominant product type which is driven by its beneficial features such as quick turnaround time and faster results. Moreover, the product performs accurate analysis and calibration thereby reducing the manual errors.

U.S. blood gas and electrolyte analyzers market led the overall regional landscape and is projected to surpass USD 200 million by 2023, having had 34% share in 2015. Rising frequency of patients into emergency wards & CCU due to growing prevalence of chronic diseases will stimulate the product demand.

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China, India, and South Korea are the leading countries in the Asia Pacific region driving the blood gas and electrolyte analyzers industry. High prevalence of cancer, hypertension, and diabetes with increasing unmet medical needs will generate heavy adoption rate. Shifting patients’ demographics and improving healthcare facilities will propel the blood gas and electrolyte analyzers market size.

The market is witnessing immense growth with the rising presence of local participants, and market giants with strong financial muscle. This will create a strong competition among the manufactures in the blood gas and electrolyte analyzers industry in terms of product portfolio and geographic reach. Notable industry participants include Instrumentation Laboratories, Radiometer, Roche Diagnostics, Siemens Healthcare, and Alera Medical.

Browse key industry insights spread across 95 pages with 53 market data tables & 9 figures & charts from the report Blood Gas and Electrolyte Analyzers Market in detail along with the table of contents:

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Blood gas and electrolyte analyzers market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2012 to 2023, for the following segments:

Blood Gas and Electrolyte Analyzers Market By Product

  • Benchtop
  • Portable

Blood Gas and Electrolyte Analyzers Market By Application

  • Blood Gas Analyzers
  • Electrolyte Analyzers
  • Combined

Blood Gas and Electrolyte Analyzers Market By End-user

  • Central Laboratories
  • Point-of-care

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
  • EU
    • Germany
    • France
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America (LATAM)Middle East
    • Brazil
    • Mexico
    • South Africa

 

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