Blood Gas and Electrolyte Analyzer Market Global Outlook 2020 to 2030
The Global Blood Gas and Electrolyte Analyzer Market size is estimated to be USD 1.69 billion in 2019 and is predicted to reach USD 2.91 billion by 2030 with a CAGR of 5.1% from 2020-2030.
Blood gas analyzer are used to measure pH and the
partial pressures of oxygen and carbon dioxide and electrolyte analyzer are
used to measure electrolytes in body fluids such as serum, plasma and urine.
Traditionally, blood gas and electrolyte analysis was
performed in the clinical laboratory using a bench-top analyzer. Bench-top
critical care analyzers feature individual biosensor technology, broadest test
menu and lowest cost of operation. However, with advancements in technology,
blood gas analyzers have become progressive and enable patient record
management more easily. With current advancements, analyzers have become
smaller in size and easier to use. These products have gradually migrated into
point of care (POC) areas. Point of care analyzers are designed to provide
acid-base measurements at the bedside. These advanced products are easy to use
in emergency departments where these analyzers help to monitor mechanically
ventilated patients. Modern analyzers have computer interfaces and internal
algorithms to calculate pertinent parameters such as correction for body
temperature, and calculations of oxygen saturation. These advancements make the
use of blood gas and electrolyte analyzers easy and safe and opens new avenues
in the market.
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Market
Dynamics and Trends:
Since
past few years, there has been a gradual rise in geriatric population which has
led in increase in the number of patients suffering with various chronic
diseases such as cardiac disorders, renal diseases and so on. This has
amplified the patient population in hospitals, emergency departments and critical
care units and in turn has fuelled the demand for blood gas and electrolyte
analysers. Also, factors such as reduction in critical care cost, increasing
demand for POC analysers, and technological advancements are some additional
factors driving the growth of the blood gas and electrolyte analyzer market.
However, concerns with the accuracy of results and interpretation of data, and
government regulations regarding quality control of the analyzers can limit the
market growth during the forecast period.
Market Segmentations and
Scope of the Study:
The
blood gas and electrolyte analyser market share is analysed on the basis of
product, portability, end user and geography. The product segment covers the
market for blood gas analysers, electrolyte analysers, combined analysers, and
consumables. On the basis of portability the market is divided into bench-top
analysers and portable analysers. The end user segment comprises of hospitals,
diagnostic laboratories, emergency departments, and other end users. Geographic
breakdown and deep analysis of each of the aforesaid segments is included for
North America, Europe, Asia-Pacific, and Rest of the World.
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Competitive Landscape:
Comprehensive
competitive analysis and profiles of major market players such as Siemens,
Medica, Roche, Alere Medical, Nova stat, Bayer, Radiometer Medical, Samsung
Medison, Abbott, and OPTI Medical systems Inc. is also provided in this report.
Key Benefits:
The
blood gas and electrolyte analyser market report provides a quantitative
analysis of the current market and estimations through 2020-2030 that assists
in identifying the prevailing market opportunities to capitalize on.
The
study comprises a deep dive analysis of the blood gas and electrolyte analyser
market trend including current and future trends for depicting the prevalent
investment pockets in the market.
The
report provides detailed information related to key drivers, restraints,
opportunities and their impact on the blood gas and electrolyte analyser
market.
The
report incorporates a competitive analysis of the market players along with
their market share in the global blood gas and electrolyte analyser market.
The
study elaborates SWOT analysis and Porters Five Forces model for the blood gas
and electrolyte analyser market.
Value
chain analysis in the blood gas and electrolyte analyser market study provides
a clear picture of the stakeholders’ roles.
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