Blood Gas & Electrolyte Analyzer Market to Grow at 5.2% CAGR by 2030

Consistent growth in the demand for Global Blood Gas and Electrolyte Analyzer due to surge in the number of patients, coupled with technological advancements and growth in healthcare industry are expected to drive the industry during the forecast period.

Global Blood Gas and Electrolyte Analyzer Market is expected to grow at a CAGR of 5.2% from 2020-2030, according to a new research report by Next Move Strategy Consulting.

The blood gas and electrolyte analyzer is used to test patients suffering from diabetes, blood vessel hemorrhage, drug overdose and shock. It also determines the abnormal metabolite and/or electrolyte levels in blood and the patient's acid-base balance along with the levels of oxygen/carbon dioxide exchange. Additionally, blood gas analyzers are utilized to test several parameters including O2 concentration, hydrogen ion and others.

According to the report, there has been a constant growth in blood gas and electrolyte analyzer market owing to the rise in the geriatric population that leads to increase in patient base. WHO forecasts the rise of geriatric population by 22% till the end of 2050, which further assures the market growth. Other factors such as technological development and launch of new approved products are expected to drive the market growth. For instance in February 2020, Erba Mannheim (London, UK) launched its new electrolyte analyzer, EC 90 with maintenance-free electrodes in an all-in-one sensor cartridge, at MEDLAB 2020. However, complexity in blood analysis data interpretation may undermine the market growth. Moreover, increasing investments and growth of healthcare industry are estimated to boost the market.

Based on type, the market is segmented into analyzers/ instruments and consumables. The consumables segment dominates the blood gas and electrolyte analyzer market due to upsurge in demand for electrodes, solutions, quality control reagents, and blood gas & electrolyte tests.

Based on product/ brand, the market is segmented into i-STAT, GEM Premier, ABL Flex, RAPID Series, Cobas, and others. The ABL Flex segment dominates the market as it offers a variety of products.

Based on end users, the market is segmented into hospitals, clinics, ambulatory surgical centers, and others. The hospital segment dominates the market due to rise in number of patients.

The growth of healthcare industry & increasing number of patients suffering from chronic diseases are the factors owing to the largest market size & share of North America. Asia-Pacific market is estimated to grow due to the surge in number of patients suffering from chronic diseases and increasing government investments.

According to the report, some the key players in the global blood gas and electrolyte analyzer market are Radiometer Medica 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.

Browse key industry insights from the report, “Global Blood Gas and Electrolyte Analyzer Market by Type [Analyzers/Instruments by Product Type (Blood Gas Analyzers, Electrolyte Analyzers, and Combined Analyzers), and Modality (Portable, Benchtop, and Laboratory) and Consumables], Product/Brand (i-STAT, GEM Premier, ABL Flex, RAPID Series, Cobas, and Others), and End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2030” in detail along with the table of contents:

Key Insights from the Blood Gas and Electrolyte Analyzer Market Report:

• North America is the fastest growing region in global blood gas and electrolyte analyzer market.
• Consumables segment dominates the market growth in terms of industry vertical and is expected to grow at a significant CAGR to maintain the lead till 2030.
• Some of the major players in the market are 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.
• The report global blood gas and electrolyte analyzer market – Segmented by type, product/ brand, end userand geography.

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