The Global Market for Blood Gas & Electrolyte Analyzers is Projected to Reach 32 Thousand Units Worth US$568 Million by 2020

Increasing Demand in Critical Care Drives the Global Blood Gas and Electrolyte Analyzers Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Blood Gas & Electrolyte Analyzers market. The global market for Blood Gas & Electrolyte Analyzers is projected to reach 32 thousand units worth US$568 million by 2020, driven by technological advancements in point-of-care devices and integrated, multi-parameter measuring devices for use in ICU and ER applications.

Blood Gas and Electrolyte or Blood Gas Analyzers (BGA) measure the concentration of oxygen, CO2,   electrolytes, pH of blood, and other parameters which are crucial indicators of shock, hemorrhage, drug overdose, or pulmonary disorders. Blood gas & electrolyte analyzers are thus vital for Emergency Room and ICU applications. The market is mainly characterized by a paradigm shift from central laboratory based devices to point-of-care devices. BGA manufacturers are increasingly focused on developing user-friendly, automated devices that save time and provide highly accurate results and measurements which are vital in critical care applications. Innovations coupled with smart engineering are helping redefine opportunities in the market. Miniaturization is an important technology trend with manufacturers focusing on the development of compact, advanced, sleek, handheld instruments. Newer features of POC analyzers include integrated quality controls, extended menus, programmable settings, and symbols and touchscreens to ensure user friendliness. Devices with automated testing abilities are sought after in high-volume applications in critical care.

The market is also driven by the growing geriatric population and its susceptibility to chronic end-of-life diseases. These factors result in increased hospital admissions and demand for health parameter-monitoring devices. Despite the opportunities for growth, penetration of POC devices in critical care is restrained by high costs of devices and a complicated regulatory framework for medical devices. Combined blood gas and electrolyte analyzers are gaining prominence over standalone electrolyte analyzers, due to their ability to measure blood gases as well as electrolytes from a single sample of blood, plasma, serum, or urine. While blood gas analysis remains one of the most preferred patient monitoring systems, a trend of combining blood gas analysis and pulse oximetry, is gaining popularity. Most of the current instrumentations are coming with the ability to integrate with EMRs, vastly improving workflow at medical and healthcare facilities.

As stated by the new market research report on Blood Gas and Electrolyte Analyzers, the United States represents the single largest market worldwide, supported by the high number of patients treated annually at hospitals. Asia-Pacific ranks as the fastest growing market both in terms of value and volume with estimated compounded annual growth rates of 7.2% and 6.5% respectively over the analysis period. Blood Gas Analyzers represent the leading segment, led by benchtop analyzers with a 66.3% share of value sales in 2015. Point-of-care analyzers, accounting for 31.3%, represent the fastest growing segment with a projected CAGR of 5.9%.

Major players covered in the report include Abaxis Inc., Abbott Point-of-Care Inc., Alere Inc., Beckman Coulter Inc., Hemagen Diagnostics Inc., IDEXX Laboratories Inc., OPTI Medical Systems, Inc., Instrumentation Laboratory, Medica Corporation, Nova Biomedical Corporation, Radiometer A/S, Roche Diagnostics Ltd., and Siemens Healthcare GmbH, among others.

The research report titled “Blood Gas & Electrolyte Analyzers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market trends, market issues, growth drivers, and strategic industry activity of global companies.  The report provides market estimates and projections for major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. Product types analyzed include Blood Gas Analyzers (Benchtop Analyzers and Point-of-Care Analyzers) and Electrolyte Analyzers.

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