Blood Gas and Electrolyte Analyzers Market, By Type (Blood Gas Analyzers, Electrolyte Analyzers, Com

Published Date: April 2020 | Report Code : HC2067156

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Blood Gas and Electrolyte Analyzers Market, By Type (Blood Gas Analyzers, Electrolyte Analyzers, Combined Analyzers, Consumables), End User (Central Laboratories, Point-of-Care, Diagnostic Centers), And By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2028

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Domain : Healthcare

Report Code : HC2067156

Status : Published April 2020

The Global Blood Gas and Electrolyte Analyzers Market size was valued at USD 3.75 billion in 2019 and is anticipated to grow at a CAGR of 7.4% during the forecast period. Blood gas and electrolyte analyzers are used to detect and analyze the blood sample which includes metabolites, blood gas, pH, and electrolytes in the blood. There are various product types of blood gas and electrolyte analyzers which include blood gas analyzers, electrolyte analyzers, combined analyzers, and consumables.      

Increase in research and development in blood taste treatment, rising government spending towards new machine development of blood, increase in growth of healthcare industry, rising prevalence of the chronic disease, rising demand for a daily and monthly check of patients, and increase in a number of high age population is further expected to drive the growth of blood gas and electrolyte analyzers market. Furthermore, various organizations and government associations are working on the development of advanced analyzing and testing of blood, increase in a number of hospitals and clinic centers, and growing production and consumption of blood gas and electrolyte analyzers are factors that will propel the global blood gas and electrolyte analyzers market during the forecast period. Furthermore, complex operation method and government regulations towards reimbursement are some of the major factors which hamper the growth of blood gas and electrolyte analyzers market.

Increase in research and development in point of care analyzers, growing adoption of blood gas and electrolyte analyzers in neurological applications, and rising adoption of combined analyzers. Therefore, the effect of this factor on blood gas and electrolyte analyzers market is expected to increase soon with continuously evolving technologies.

Key Factors Impacting the Growth of Blood Gas and Electrolyte Analyzers Market:

  • Growing production and consumption of blood gas and electrolyte analyzers
  • Increase in number of hospitals and clinic centers
  • Rising prevalence of chronic disease
  • Increase in number of high age population

The blood gas and electrolyte analyzers market segmentation is based on type, end users, and region.

Type Outlook:

On the basis of type, the market has been segmented into blood gas analyzers, electrolyte analyzers, combined analyzers, consumables. The combined analyzers segment is predicted to account for the largest share in blood gas and electrolyte analyzers market. This can be due to an increase in demand for fast results and fast turnaround time, the combined analyzers offers limited maintenance and less service, increase in demand for combined test results.

End User Outlook:

Based on end user, the blood gas and electrolyte analyzers market has been segmented into central laboratories, point-of-care, and diagnostic centers. As per the current market scenario, the central laboratories segment has covered the largest blood gas and electrolyte analyzers market share and is projected to register a higher CAGR during the forecast period. In, central laboratories providers now use blood gas and electrolyte analyzers to treat the cancer patients; an increase in demand for fast and safe treatment carries out in clinics. In addition, a growing number of clinic centres, increase in development of analyzers in clinics with all in one specialty treatment, and government spending on clinics.

Regional Outlook:

Based on the region, the global blood gas and electrolyte analyzers market has been segmented by North America, Europe, Asia Pacific, Middle East & Africa, South America. North America is expected to dominate the market due to an increase in innovation and development of blood gas and electrolyte analyzers, increase in demand for fast test results, increase in number of high age populations, and an increase in prevalence of chronic disease. In Europe, increase in a number of research centers, increase in presence of key players, increase in demand for quality blood analyzers, and rising awareness of blood cancers is expected to increase the demand for blood gas and electrolyte analyzers in the region.

Furthermore, Asia-Pacific is estimated to project the fastest growth rate in the global blood gas and electrolyte analyzers market during the forecast period. This growth can be accredited to several factors, such as the increase in prevalence of chronic disease, increase in number of clinics, growth in Poc analyzers, and increase in patient population base.

The report analyzes factors affecting the blood gas and electrolyte analyzers market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the blood gas and electrolyte analyzers market for all six regions namely; North America, Europe, Asia-Pacific, Middle East & Africa, South America.

Competitive Landscape:

Major companies are investing in research and development for new blood gas and electrolyte analyzers. Key market players are also adopting inorganic development strategies like as acquisition of local brands. Similarly, other business models such as joint venture and market entry strategies are helping prominent vendors to make their presence felt in the Blood gas and electrolyte analyzers market and increase their product portfolio. The key leading players in the market include Instrumentation Laboratory, Abbott Laboratories, Inc., Nova Biomedical, ERBA Diagnostics Mannheim GmbH, Radiometer Medical Aps, Siemens AG, Roche Diagnostics Limited, OPTI Medical Systems, Inc., Medica Corporation, and Tecom Analytical System.

This report also includes the profiles of key blood gas and electrolyte analyzers market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Blood Gas and Electrolyte Analyzers Market:

  • In May 2018, OPTI Medical Systems, Inc. launched new E-Lyte CCA cassette. This new product can be used TS2 Blood Gas and Electrolyte Analyzers. This new product development helps the company to enhance its product portfolio in blood gas and electrolyte analyzers and enhance its brand name.
  • In July 2017, Siemens AG acquired Epocal Inc. the acquisition focuses on a new product portfolio in blood gas and electrolyte analyzers and focuses on market development.

 What Does This Report Provide?

This report provides a detailed understanding of the global blood gas and electrolyte analyzers market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

 Market Segmentation:

By Type:

  • Blood Gas Analyzers
  • Electrolyte Analyzers
  • Combined Analyzers
  • Consumables

By End User:

  • Central Laboratories
  • Point-of-Care
  • Diagnostic Centers

By Region:

  • North America Blood Gas and Electrolyte Analyzers Market
    • By Country (US, Canada, Mexico)
    • By Type
    • By End User
  • Europe Blood Gas and Electrolyte Analyzers Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Type
    • By End User
  • Asia Pacific Blood Gas and Electrolyte Analyzers Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End User
  • Middle East & Africa Blood Gas and Electrolyte Analyzers Market
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East & Africa)
    • By Type
    • By End User
  • South America Blood Gas and Electrolyte Analyzers Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Type
    • By End User

 Reasons to Buy This Report:

  • Market size estimation of the blood gas and electrolyte analyzers market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

 Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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