The research report “Blood Gas and
Electrolyte Analyzers Market Size By Product
(Benchtop, Portable), By Application (Blood Gas Analyzers, Electrolyte
Analyzers, Combined), By End-User (Central Laboratories, Point-of-care)
Industry Analysis Report, Regional Outlook (U.S., Germany, France, Spain,
India, China, Japan, Brazil, Mexico, South Africa), Growth Potential, Price
Trend, Competitive Market Share & Forecast, 2016 - 2023”, by Global Market
Insights, Inc., says Blood Gas and Electrolyte Analyzers Market is estimated to
witness a CAGR of 4.5% over the period of 2016-2023.
Increase in geriatric population and rising
prevalence of chronic diseases is accelerating blood gas and electrolyte
analyzers industry. The growing trend (Point of Care) technology will further
stimulate the demand for blood gas and electrolyte analyzers worldwide. Diagnostic
outcomes gained with the help of these analyzers have led to accurate diagnosis
of various chronic diseases, which in turn is fueling the blood gas and
electrolyte analyzers industry growth.
Blood gas and electrolyte analyzers market will
significantly expand, owing to its end-use in Central Laboratories and
Point-of-care (PoC). PoC setting is racing ahead of the central laboratories
application due to its functioning in less time and minimum error. Furthermore,
Combined Analyzers is the most lucrative application segment gaining
significant popularity due to its ability to perform dual functions of
electrolyte analyzing and blood gas testing. It is projected to witness a CAGR
of 5.5% over 2016-2023.
On the product front, portable and benchtop are
the two types of blood gas and electrolyte analyzers. The portable analyzers
are the dominant product type which is driven by its beneficial features such
as quick turnaround time and faster results. Moreover, the product performs
accurate analysis and calibration thereby reducing the manual errors.
Browse
key industry insights spread across 95 pages with 53 market data tables & 9
figures & charts from this 2017 report Blood
Gas & Electrolyte Analyzers Market in detail along with the table of
contents at:
U.S. blood gas and electrolyte analyzers market
led the overall regional landscape and is projected to surpass USD 200 million
by 2023, having had 34% share in 2015. Rising frequency of patients into
emergency wards & CCU due to growing prevalence of chronic diseases will
stimulate the product demand.
China, India, and South Korea are the leading
countries in the Asia Pacific region driving the blood gas and electrolyte
analyzers industry. High prevalence of cancer, hypertension, and diabetes with
increasing unmet medical needs will generate heavy adoption rate. Shifting
patients’ demographics and improving healthcare facilities will propel the
blood gas and electrolyte analyzers market size.
The market is
witnessing immense growth with the rising presence of local participants, and
market giants with strong financial muscle. This will create a strong
competition among the manufactures in the blood gas and electrolyte analyzers
industry in terms of product portfolio and geographic reach. Notable industry
participants include Instrumentation Laboratories, Radiometer, Roche
Diagnostics, Siemens Healthcare, and Alera Medical.
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Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
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