Blood Gas and Electrolyte Analyzer Market
The Global Blood Gas and Electrolyte Analyser Market size is estimated to be USD 3.57 Billion in 2019 and is predicted to reach USD 6.24 Billion by 2030 with a CAGR of 5.2% from 2020-2030.
The blood gas and electrolyte analysers are used to measure blood gas and some metabolites in whole blood specimens. The analysers are also used to determine the abnormal electrolyte levels in the blood, levels of oxygen/carbon dioxide exchange, and the patient's acid-base balance. Moreover, blood gas analysers are utilized to test several other parameters including O2 concentration, hydrogen ion and others in cases such as diabetes, blood vessel haemorrhage, drug overdose and shock.
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Top Companies: Radiometer Medical Aps (A Subsidiary of Danaher Corporation), Instrumentation Laboratory (A Werfen Company), Siemens AG, Roche Diagnostics Limited, Abbott Laboratories, Inc., Nova Biomedical, OPTI Medical Systems, Inc. (A Subsidiary of Idexx Laboratories, Inc.), ERBA Diagnostics Mannheim GmbH, Medica Corporation and Alere, Inc. and others.
There have been various developments taking place in the market that further enhance the blood gas and electrolyte analyser market growth at a large scale. For instance, in March 2020, U.S.FDA approved critical care testing solution, the RAPID Point 500e blood gas analyser by Siemens Healthineers, one of the leading med-tech companies. Moreover, In May 2020, Rochehad announced the CE mark availability of Roche v-TAC, a new digital diagnostic solution that allows clinicians to obtain results for arterial blood gas values from patients with respiratory or metabolic abnormalities via a simpler, less invasive venous puncture through the use of a digital algorithm.
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Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW. North America represents higher adoption of blood gas and electrolyte analyzer market because of its advanced healthcare industry and increasing number of patient’s treatment in the ICUs, NICUs, and emergency wards. The market of Asia-Pacific is estimated to hold the maximum share due to rising investment by the government in healthcare infrastructure and the upsurge in number of patients suffering from chronic diseases.
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