Blood Gas And Electrolyte Analyzers Market Is Projected To Be Around $0.66 Billion By 2022
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A research study titled, “Blood Gas and Electrolyte Analyzers Market by product Type - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the blood gas and electrolyte analyzers market is projected to be around $0.66 billion by 2022.
In 2012, the global blood gas and electrolyte analyzers market was worth around USD 0.14 billion and is predicted to reach around USD 0.66 billion by 2022, with a compound annual growth rate (CAGR) of 4.38% during the projected period. Blood gas analyzers help in measuring the partial oxygen pressure in patients, whereas electrolyte analyzers analyze the density of elements like sodium, potassium, calcium, and others. Blood gas and electrolyte analyzers are point-of-care diagnostic tools used for blood tests. The advent of advanced technologies in combine analyzers has contributed to the radical progression of blood gas and electrolyte analysis and measurement and also permitted the introduction of portable and hybrid analyzers. Most recent technologies integrated into these systems also assist the advent of blood analysis with the least possible amount of blood sample. Outcomes of these tests assist in the correct diagnosis of several conditions like chronic obstructive pulmonary disease (COPD), asthma, heart failure, uncontrolled diabetes, kidney failure, drug overdose, and severe infections.
The global blood gas and electrolyte analyzers market is anticipated to demonstrate lucrative growth while maintaining a significant compound annual growth rate over the projected period of 2012 to 2022. The rise in innovation and demand for the healthcare devices technology have contributed to the development of devices into multi-component, compact analyzer equipment. This development in technology has fueled the industry for devices, measuring minute parameters like electrolytes and blood gas. The blood gas analyzers industry is continuously evolving owing to technological innovations in medical equipment. Miniaturized, modern blood gas analyzers are skilled to analyzing a range of parameters and rendering results in a smaller span of time. Quick diagnosis assists to recommend exact treatment at an early stage of disease, which aids in avoiding complications. The combination analyzers section of the global market is anticipated to develop at the utmost growth rate over the projected period. Portable gas analyzers are used in ambulatory and emergency care. The point-of-care diagnosis has a major importance in the healthcare industry owing to its benefit of bedside care. Moreover, sync of blood gas analyzers has established the management of patient record more conveniently.
The major industry players for the blood gas and electrolyte analyzers market are; OPTI medical systems Inc., Erba, Siemens, Abbott, Accurex Biomedical Pvt. Ltd., Radiometer Medical, E Samsung Medison, Afford Medical, dan Instruments, Medica,Convergent Technologies, Alere Medical, Nova Stat, Bayer, Dalko Diagnostics and Roche. According to the product type, the global market is classified as; Portable and Benchtop. On the basis of the application, the industry is divided into; Electrolyte Analyzers, Blood Gas Analyzers and Combined. By end-user, the market is split as; Point Of Care and Central Laboratories. Geographically, the global blood gas and electrolyte analyzers market is segmented into regions which are; Europe (Germany, Spain, Italy, France, UK and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific), North America (the United States, Mexico and Canada)and Rest of the World (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Others).
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Key findings of the blood gas and electrolyte analyzers market
- In 2014, Portable analyzers ruled the global market with over 60.0% market share and are also estimated to witness productive growth during the forecast years.
- Together electrolyte and blood gas analyzers are projected to quickly achieve market share during the forecast years. Growing requirement of analyzers that can examine electrolyte and blood samples combined are rapidly gaining recognition among consumers.
- In 2014, the North American region reported for over 40% of the global blood gas and electrolyte analyzers market. Existence of advanced medical infrastructure combined with encouraging reimbursement policies are some major factors anticipated to fuel the growth of regional market.
- Key players of this industry include Roche, Siemens, Abbott, Bayer, Medica, Accurex Biomedical Pvt. Ltd., Samsung Medison.