Overview and Scope
The blood gas and electrolyte analyzers are used to measure combinations of pH, blood gas, electrolytes, and metabolite parameters from whole blood samples. Electrolytes are measured in the clinical laboratories in both serum and whole blood samples received for arterial blood gas (ABG) analysis.
Sizing and Forecast
The blood gas and electrolyte analyzers market size has grown strongly in recent years. It will grow from $3.26 billion in 2023 to $3.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to rapid urbanization, growing number of patients in emergency units of hospitals, improving infrastructure in diagnostic centers, increasing earnings and standard of living, increased healthcare expenditure, increased geriatric population and increasing obesity.
The blood gas and electrolyte analyzers market size is expected to see strong growth in the next few years. It will grow to $4.86 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to increasing government initiatives, rising number of patients in critical care units and intensive care units (icu), increasing medical tourism and increase in chronic diseases. Major trends in the forecast period include technological advancements, product innovations, digital blood gas analyzers, automated blood gas analyzers, use of venous blood gas values and complete blood count (cbc) diagnostics technology.
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Segmentation & Regional Insights
The blood gas and electrolyte analyzers market covered in this report is segmented –
1) By Product: Blood Gas Analyzers, Electrolyte Analyzers, Combined Analyzers, Consumables
2) By Modality: Portable, Laboratory, Benchtop
3) By End User: Central Laboratories, Point Of Care, Diagnostic Centres, Hospitals, Other End Users
North America was the largest region in the blood gas and electrolyte analyzers market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the blood gas and electrolyte analyzers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in the number of patients led to more blood sample testing, contributing to the growth of the blood gas and electrolyte analyzers market. Blood tests are used for a variety of purposes, including determining cholesterol and blood glucose levels. These can help keep track of the risk of heart disease, vascular disease, and diabetes, as well as how well the problem is treated. For instance, in 2021, of the 118.5 million blood donations received worldwide, 40% were collected in high-income countries, which account for 16% of the global population. Children under the age of five years old receive up to 54% of blood transfusions in low-income nations, but in high-income countries, the most frequently transfused patient group is over 60 years old, accounting for up to 75% of all transfusions. Thus, the increase in the number of patients led to more blood sample testing contributing to the growth of the blood gas and electrolyte analyzers market.
Key Industry Players
Major companies operating in the blood gas and electrolyte analyzers market report are F. Hoffmann-La Roche Ltd, Danaher Corporation, Siemens Healthineers AG, Werfen, Abbott Laboratories, Medica Corporation, EDAN Instruments Inc, Radiometer Medical, Nova Biomedical, OPTI Medical systems Inc, I Sens Inc, JOKOH CO. LTD, Prolong Medical Equipment Co. Ltd, Sensa Core Medical Instrumentation Pvt. Ltd, Hunan Rainbow Technology Co. Ltd, ERBA Mannheim, EKF Diagnostics, Roche Diagnostics, Grifols, Vygon SAS, Biofidus, KwertyMed, Instrumentation Laboratory Company, Becton Dickinson and Co, Microbiology E.A Ltd.
The blood gas and electrolyte analyzers market report table of contents includes:
1. Executive Summary
2. Blood Gas and Electrolyte Analyzers Market Characteristics
3. Blood Gas and Electrolyte Analyzers Market Trends And Strategies
4. Blood Gas and Electrolyte Analyzers Market – Macro Economic Scenario
5. Global Blood Gas and Electrolyte Analyzers Market Size and Growth
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32. Global Blood Gas and Electrolyte Analyzers Market Competitive Benchmarking
33. Global Blood Gas and Electrolyte Analyzers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Blood Gas and Electrolyte Analyzers Market
35. Blood Gas and Electrolyte Analyzers Market Future Outlook and Potential Analysis
36. Appendix
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