Global Blood Gas And Electrolyte Analyzers Market Size 2024, Forecast To 2033
11 Mar, 2024
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.
Global Blood Gas and Electrolyte Analyzers Market Key Driver
The growth of the blood gas and electrolyte analyzers market is influenced by the increase in the number of patients requiring blood sample testing. Blood tests, crucial for assessing cholesterol and blood glucose levels, aid in monitoring risks related to heart disease, vascular disease, and diabetes, as well as tracking treatment efficacy. In 2021, 40% of the 118.5 million blood donations worldwide were collected in high-income countries, which constitute only 16% of the global population. Notably, children under five years old receive up to 54% of blood transfusions in low-income countries, while those over 60 years old account for 75% of transfusions in high-income countries. The surge in patient numbers and subsequent blood sample testing contribute to the growth of the blood gas and electrolyte analyzers market. Regularly tracking market sizes in 2023, 2024, and 2028 is essential for understanding its ongoing expansion.
Get A Free Sample Of The Global Blood Gas and Electrolyte Analyzers Market ReportGlobal Blood Gas and Electrolyte Analyzers Market Segments
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
By Geography:The regions covered in the blood gas and electrolyte analyzers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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.
Major Blood Gas and Electrolyte Analyzers Industry Players
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.
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Blood Gas and Electrolyte Analyzers Market Overview
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.
Blood Gas and Electrolyte Analyzers Global Market Report 2023 provides data on the global blood gas and electrolyte analyzers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The blood gas and electrolyte analyzers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.