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Blood Gas and Electrolyte Analyzers Market Size

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

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Blood Gas and Electrolyte Analyzers Market Size

Blood Gas and Electrolyte Analyzers Market Size exceeded USD 1.5 billion in 2021 and is anticipated to grow at a CAGR of over 5.1% from 2022 to 2028. Rising demand for point of care and automated blood gas analyzers coupled with the integration of blood gas analyzers with laboratory information systems and electronic medical records will positively impact the market growth. Furthermore, increasing patient population in critical care units and collaboration between the public and private sectors with healthcare facilities are some of the major factors that are expected to facilitate the market expansion.

Blood Gas and Electrolyte Analyzers Market Overview

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COVID-19 pandemic positively impacted the blood gas and electrolyte analyzers market. As amid pandemic several surgeries were postponed, and non-emergency hospitalization were cancelled it impacted the market moderately. However, there was rise witnessed in hospitalization rate of people suffering with COVID-19. Surging cases of COVID-19 pandemic has increased demand for blood gas and electrolyte analyzers in hospitals, clinics, point of care centers will positively influence the industry growth.

Blood gas and electrolyte analyzers are used to measure different parameters from whole blood samples, such as electrolytes, metabolites, pH, and blood gas including SpCO2 and SpO2. These analyzers also measure partial pressure of oxygen, carbon dioxide, and concentrations of many ions including potassium, sodium, bicarbonate, chloride, calcium, glucose, lactate, magnesium. These analyzers are easy-to-use, effective and give assured results in less time.

Blood Gas and Electrolyte Analyzers Market Report Attributes
Report Attribute	Details
Base Year:	2021
Blood Gas and Electrolyte Analyzers Market Size in 2021 :	1.5 Billion USD
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	5.1%
2028 Value Projection:	2.2 Billion USD
Historical Data for:	2017 to 2021
No. of Pages:	128
Tables, Charts & Figures:	168
Segments covered:	Modality, Product, End-use and Region
Growth Drivers:	Rising prevalence of chronic disease worldwide Technological advancements Increasing demand for integrated system Growing elderly population base in developed countries
Pitfalls & Challenges:	High cost associated with product Complex regulatory scenario

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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.