The Blood Gas and Electrolyte Analyzers by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Blood Gas and Electrolyte Analyzers, 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.
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.
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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
Technological advancements are a key trend gaining popularity in the blood gas and electrolyte analyzers market. Major companies operating in the blood gas and electrolyte analyzers market are focused on developing new technological solutions to strengthen their position in the market. For instance, in September 2021, Sensa Core, an India-based company operating in blood gas and electrolyte analyzers, launched the ST-200 CC Blood Gas Analyzer-Ultra Smart for hospitals, clinics and diagnostics centers through its network in India. Sensacore’s ST-200 CC Ultra Smart ABGEM blood gas analyzer is the highly advanced blood gas model of Sensacore which is a completely automated, microprocessor-controlled electrolyte system that uses current direct measurement with an ION selective electrode (ISE), Impedance (Hct) and Amperometry (pO2) technology to make arterial blood gas analysis and electrolyte measurements. The ST-200 CC ultra-smart ABGEM blood gas analyzer measures various combinations of Sodium, Potassium, Ionized Calcium, Lithium, Potential of Hydrogen, Chloride, Partial Pressure of Carbon Dioxide, Partial Pressure of Oxygen, Hematocrit Test and calculated parameters like Hemoglobin, Bicarbonate, Barium Enema, Benign Essential Blepharospasm, the clinical significance of base excess (BEB) and base excess in the extracellular fluid compartment, i-STAT System test for total carbon dioxide, Albumin/Globulin, Oxygen saturation, Oxygen content, Straw blood cell count, Macro Economic Scenario, Tricyclic antidepressant (TCA) screen, Partial Pressure of Oxygen Percentage, First alveolar-arterial oxygen gradient with one sample of whole blood, serum or plasma the new ultra-smart model acquires 27 different results. It has an Internal barcode scanner and an external interface with a keyboard and mouse.
The blood gas and electrolyte analyzers market report table of contents includes:
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