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Blood Gas and Electrolyte Analyzers Market Analysis

Report ID: GMI428
Published Date: Jan 2022
Report Format: PDF

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Blood Gas and Electrolyte Analyzers Market Analysis

The portable analyzer segment dominated more than 64% of the blood gas and electrolyte analyzers market share in 2021 led by the growing adoption of portable devices coupled with rising demand for point-of-care blood gas and electrolyte analyzers. These devices are handy, cost-effective, easy to use, and give rapid results. Also, they do not require any skilled physician to work. Furthermore, technological advancement in blood gas and electrolyte analysis devices will also drive the industry progression during the forecast period.

Blood Gas and Electrolyte Analyzers Market Size

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The consumables segment in the blood gas and electrolyte analyzers market valued at USD 874 million in 2021. Consumables include components like reagent, cartridges, electrodes, test strips, batteries, etc. These components are required in analyzers on daily basis to carry out test. This increases the demand of consumables within the suppliers. Also rising innovative product launch and growing demand for solutions and quality control reagents will upsurge the industry value.

The blood gas and electrolyte analyzers market for hospitals segment captured 12% of revenue share in 2021 owing to the increasing healthcare expenditure to provide improved patient care along with large number of treatment procedures conducted in hospitals. Hospitals are equipped with ICUs, and emergency departments, where blood gas and electrolyte analyzers are used to detect various health parameter in patients’ body.

North America Blood Gas and Electrolyte Analyzers Market

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North America blood gas and electrolyte analyzers market accounted for 37% of revenue share in 2021. High regional growth in the U.S. and Canada is attributed to well-developed healthcare facilities and availability of several treatment options and presence of major market player in this region. The increasing demand for point-of-care devices with wireless connectivity that are easy to carry is also poised to propel the market in the coming years. Moreover, rising prevalence of lifestyle diseases such as obesity, diabetes also calls for regular checkup which increases the use of analyzers.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of blood gas and electrolyte analyzers crossed a valuation of over USD 1.5 billion in 2021 and will strike a CAGR of more than 5.1% up to 2028 owing to the expanding patient population in critical care units.

Blood gas as well as electrolyte analyzers are used for measuring different parameters from whole blood samples, including electrolytes, metabolites, pH, and blood gas, such as SpCO2 and SpO2.

Demand for portable analyzers held over 64% of the market share in 2021 and will rise with the increasing adoption of portable devices along with the growing need for handy, cost-effective, and easy to use devices.

Hospitals accounted for more than 12% of revenue share in 2021 and will witness expansion with the escalating number of treatment procedures and the burgeoning healthcare expenditure to provide improved patient care.

North America held close to 37% of industry share in 2021 and will expand with the strong presence of major market players and well-developed healthcare facilities in Canada and the U.S.