Blood Gas and Electrolyte Analyzer Market Global Strategies and Top Players, Outlook 2021-2030

The Global Blood Gas and Electrolyte Analyzer Market size is estimated to be USD 3.57 Billion in 2019 and is predicted to reach USD 6.24 Billion by 2030 with a CAGR of 5.2% from 2020-2030.

The blood gas and electrolyte analyzers are used to measure blood gas and some metabolites in whole blood specimens. The analyzers are also used to determine the abnormal electrolyte levels in the blood, levels of oxygen/carbon dioxide exchange, and the patient's acid-base balance. Moreover, blood gas analyzers are utilized to test several other parameters including O2 concentration, hydrogen ion and others in cases such as diabetes, blood vessel hemorrhage, drug overdose and shock.

Top Companies: Radiometer Medical Aps (A Subsidiary of Danaher Corporation), Instrumentation Laboratory (A Werfen Company), Siemens AG, Roche Diagnostics Limited, Abbott Laboratories, Inc., Nova Biomedical, OPTI Medical Systems, Inc. (A Subsidiary of Idexx Laboratories, Inc.) ,ERBA Diagnostics Mannheim GmbH, Medica Corporation and Alere, Inc.

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Market Dynamics and Trends

The constant rise in the geriatric population that leads to the upsurge in the number of patients in emergency departments, critical care units and operating rooms receiving critical care is the prime factor driving the blood gas and electrolyte analyzer market. According to WHO, the global population with age 60 years and above is estimated to increase from 12% in 2015 to 22% in 2050.This burgeoning population group is expected to become a significant consumer of blood gas and electrolyte analyzers. Also, other factors such as implementation of technological advancements and launch of new approved products are estimated to boost the growth of the market.

However, complexity in blood analysis data interpretation may hamper the market growth. Moreover, increasing investments and growth of healthcare industry are expected to create numerous opportunities for the blood gas and electrolyte analyzer market players.

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Market Segmentations and Scope of the Study:

The global blood gas and electrolyte analyzer market share has been analyzed based on type, product/ brand, end user and geography. Based on type, the market is segmented into analyzers/ instruments, and consumables. Based on product/ brand, the market is segmented into i-STAT, GEM Premier, ABL Flex, RAPID Series, Cobas, and others. Based on end users, the market is segmented into hospitals, clinics, ambulatory surgical centers, and others.

Geographical Analysis

Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW. North America represents higher adoption of blood gas and electrolyte analyzer market because of its advanced healthcare industry and increasing number of patient’s treatment in the ICUs, NICUs, and emergency wards. The market of Asia-Pacific is estimated to hold the maximum share due to rising investment by the government in healthcare infrastructure and the upsurge in number of patients suffering from chronic diseases.

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