Blood Gas And Electrolytes Analyzers Market By Product (Benchtop Analyzers, Portable Analyzers, Consumables), By Application (Blood Gas Analysis, Blood Electrolyte Analysis, Hybrid), By Usage Area (Hospital Laboratories, Point-Of-Care Testing) - Growth, Future Prospects And Competitive Analysis 2017 – 2025

Blood gas analyzers assist in measuring the partial oxygen pressure in patients, and electrolyte analyzers measure the concentration of elements such as potassium, sodium, calcium, and others. The introduction of innovative technologies in combination analyzers has led to a drastic evolution of blood gas and electrolyte measurement and analysis and also allowed the advent of hybrid, portable analyzers. The latest technologies incorporated in these systems also facilitate the introduction of blood analysis with the smallest possible quantity of blood.

The latest technological devices also require a small quantity of blood for analysis. The increasing prevalence of diseases and alarming loss of human capital due to an aging population has raised serious health concerns across all nations. Obesity is also a prime predisposing factor for cardiovascular diseases, arthritis, and diabetes, among others. Hence, governments are encouraging innovation in medical technology to curb this crisis. Blood gas and electrolyte analyzers are a technology-driven market. Large medical device manufacturers can expand their product portfolios to include blood gas and electrolyte analyzers. Furthermore, these companies can also enter the market through mergers and acquisitions. Low competition and faster market growth have made the market attractive.

This report attempts to study the global blood gas and electrolytes analyzers market in terms of product types, applications, usage areas, and regional distribution. Benchtop analyzers, portable analyzers, and consumables are the chief product types considered for the purpose of this study. At the same time, these devices find major applications in blood gas analysis, blood electrolyte analysis, and combined/hybrid applications. In addition, hospital laboratories and point-of-care settings are the largest usage areas for blood gas and electrolyte analyzers. Market size and forecasts for each mentioned segment are provided in this report for the period 2013–2024 (US$ Mn), along with respective CAGRs (value %) for the period2017–20255.

Geographically, the blood gas and electrolytes analyzers market is being researched in the following regions:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • Australia
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of LATAM
  • Middle East and Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East and Africa

The market size and respective forecast for these regional and country-level markets are presented in this study for the period 2015–2025. Market growth rates for the forecast period 2017–2025 are also included in this report, considering 2016 as the base year. This study also includes cross-sectional market size and forecast for each regional market, thus considering product types, applications, and usage areas.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for a better analysis of the overall market scenario and future prospects. Market inclination insights and drivers, challenges, and opportunities help readers understand current trends in the global blood gas and electrolytes analyzers market. Tools such as key player market positioning and an appealing investment proposition provide readers with insights into the competitive landscape of the global blood gas and electrolytes analyzers market. This report concludes with a company profiles section that highlights major information about the key players engaged in the development, manufacture, and sale of blood gas and electrolyte analyzers.

The following segments are being researched in the global blood gas and electrolytes analyzers market:

  • Product Type
  • Benchtop Analyzers
  • Portable Analyzers
  • Consumables

In the global blood gas and electrolytes analyzers market, portable analyzers currently have the highest revenue share. The demand for portable analyzers is primarily driven by the growing adoption of point-of-care diagnostic solutions due to their associated benefits, such as rapid result delivery and cost savings in the long run. Furthermore, the latest generation of portable analyzers is paired with features such as computer-assisted documentation, digital calibration, and multitasking while simultaneously reducing the risk of manual errors. Consumers of blood gas and electrolyte analyzers are gradually shifting their preference to handheld, portable devices as a result of such trends and benefits. This would further drive manufacturers to intensify their R&D efforts towards introducing advanced portable devices with additional abilities and efficiency. However, the particular suitability of devices for the desired type of test or purpose will ensure that conventional benchtop analyzers will still remain in demand through the forecast period.

The global blood gas and electrolytes analyzers market is divided into five regions: North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.

Among the considered regional markets, North America currently dominates the global blood gas and electrolyte analyzers market, followed by Europe. The presence of advanced healthcare infrastructure, increased awareness among patients and caregivers, increased government funding, and a favorable reimbursement system are the key drivers allowing North America to dominate the market. Moreover, during the forecast period, Asia Pacific is expected to be the fastest-growing regional market for blood gas and electrolytes analyzers. The presence of significant unmet needs, rapid improvements in healthcare infrastructure, and rising healthcare expenditures all contribute significantly to the region's growth.

The detailed regional classification of the global biopesticides market is as follows:

  • North America (U.S. and Canada)
  • Europe (Germany, the U.K., and the Rest of Europe)
  • Asia-Pacific (Japan, China, Australia, and the Rest of Asia-Pacific)
  • Middle East and Africa Saudi Arabia, South Africa, and the Rest of the Middle East and Africa
  • Latin America (Brazil, Mexico, and the Rest of Latin America)

 Frequently Asked Questions:

The market for Blood Gas And Electrolytes Analyzers Market is expected to reach US$ 791.7 Mn in 2025.

The Blood Gas And Electrolytes Analyzers Market is expected to see significant CAGR growth over the coming years, at 4.4%.

The report is forecasted to 2017-2025.

The base year of this report is 2016.

Abbott Point of Care Inc.,Alere, Inc.,Bayer AG,Dalko Diagnostics,ERBA Diagnostics Mannheim GmbH are some of the major players in the global market.

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Published Date:  May 2017
Category:  Biotechnology
Report ID:   58477
Report Format:   PDF
Pages:   120
Rating:    4.6 (70)
Delivery Time: 24 Hours to 48 Hours   
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