Pune, India, Nov. 02, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, worldwide blood gas and electrolyte analyzers market is anticipated to grow at a strong pace during the analysis period 2021-2027. Rising number of patients in ICUs (Intensive Care Units), operation theatres, and emergency departments, along with expanding geriatric serves as a major growth propeller for the industry.
The research literature highlights all the factors driving the profitability graph, followed by a delineation of the restraints and countermeasures for the same. Apart from this, it also elaborates on the opportunities and associated challenges. Proceeding further, the report individually assesses each sub-market for identifying key business expansion avenues. Besides, the study hosts a comprehensive analysis of the competitive landscape with respect to the leading companies, emerging contenders, and newcomers in the industry.
Moreover, United Nations' Department of Economic and Social Affairs claims that total number of people aged 65 years or above is expected to spike from 703 million in 2019 to 1.5 billion in 2050, subsequently enhancing the market remuneration prospects.
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For the uninitiated, blood gas, pH, minerals, and certain molecules are measured in whole blood collections utilizing special detectors. Capacitors are generally utilized in blood gas/pH analyzers to assess important parameters like co2 pressure gradient, acidity, and partial vapor pressure in the bloodstream. This helps healthcare workers understand how well the lungs and kidneys are functioning.
Speaking of the challenges, high healthcare costs and frequent government interference in healthcare & medical sector are negatively impacting global gas and electrolyte analyzers industry outlook. However, technological innovations and breakthroughs together with escalating demand for integrated systems and offloads are anticipated to present new opportunities in the upcoming years.
Regional analysis overview:
Asia Pacific, North America, Latin America, and Europe are the key regions considered in the report for evaluating the market size and scope. Among these, Asia Pacific is anticipated to emerge as a major growth avenue during the forecast period, creditable to growing number of trained professionals and increasing expenditure in the healthcare sector.
Competitive landscape summary:
OPTI Medical Systems Inc., EDAN Instruments Inc., The Samsung Group, Radiometer Medical ApS, Bayer Crop Science LLC, Novastat, Erba Mannheim, Roche Holding AG, Medica Corp, and Siemens AG are the major players influencing global blood gas and electrolyte analyzers market trends.
Experts cite that R&D investments along with partnerships between device manufacturers and end-users for better development and delivery of products and solutions will help businesses and other stakeholders in amplifying their profits. Besides, mergers and acquisitions will continue to play a major role in shaping competitive trends.
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Global Blood Gas and Electrolyte Analyzers Market, by Product (Revenue, USD Billion, 2018-2027)
- Benchtop Blood Gas and Electrolyte Analyzers
- Portable Blood gas and Electrolyte Analyzers
Global Blood Gas and Electrolyte Analyzers Market, by End Use (Revenue, USD Billion, 2018-2027)
- Point of Care
- Clinical Laboratories
Global Blood Gas and Electrolyte Analyzers Market, by Geography (Revenue, USD Billion, 2018-2027)
North America
- United States
- Canada
Europe
- Germany
- France
- Spain
- United Kingdom
- Italy
- Rest of Europe
Asia Pacific
- India
- China
- Australia
- Japan
- South Korea
- Rest of Asia Pacific
Latin America
- Mexico
- Brazil
Rest of the World
Global Blood Gas and Electrolyte Analyzers Market Competitive Dashboard (Revenue, USD Billion, 2018-2027)
- OPTI Medical Systems Inc.
- EDAN Instruments Inc.
- The Samsung Group
- Radiometer Medical ApS
- Bayer Crop Science LLC
- Novastat
- Erba Mannheim
- Roche Holding AG
- Medica Corp
- Siemens AG
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Blood gas and electrolyte analyzers Market, by region, 2019-2027 (USD Billion)
1.2.2. Blood gas and electrolyte analyzers Market, by Product, 2019-2027 (USD Billion)
1.2.3. Blood gas and electrolyte analyzers Market, by End Use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Blood gas and electrolyte analyzers Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Blood gas and electrolyte analyzers Market Dynamics
3.1. Blood gas and electrolyte analyzers Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing number of patients in the operation theatres, ICU's (Intensive Care Units), emergency departments and many more
3.1.1.2. Increase in the number of aged people worldwide
3.1.2. Market Challenges
3.1.2.1. huge involvement of costs in the healthcare expenditure
3.1.2.2. Constant government interventions in the healthcare and medical sector
3.1.3. Market Opportunities
3.1.3.1. Increasing technological breakthroughs and innovations
3.1.3.2. Increasing demand for integrated systems and offloads in the market.
Chapter 4. Global Blood gas and electrolyte analyzers Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Blood gas and electrolyte analyzers Market, by Product
5.1. Market Snapshot
5.2. Global Blood gas and electrolyte analyzers Market by Product, Performance - Potential Analysis
5.3. Global Blood gas and electrolyte analyzers Market Estimates & Forecasts by Product 2018-2027 (USD Billion)
5.4. Blood gas and electrolyte analyzers Market, Sub Segment Analysis
5.4.1. Benchtop Blood gas and electrolyte analyzers
5.4.2. Portable Blood gas and electrolyte analyzers
Chapter 6. Global Blood gas and electrolyte analyzers Market, by End Use
6.1. Market Snapshot
6.2. Global Blood gas and electrolyte analyzers Market by End Use, Performance - Potential Analysis
6.3. Global Blood gas and electrolyte analyzers Market Estimates & Forecasts by End Use 2018-2027 (USD Billion)
6.4. Blood gas and electrolyte analyzers Market, Sub Segment Analysis
6.4.1. Clinical Laboratories
6.4.2. Point of Care
Chapter 7. Global Blood gas and electrolyte analyzers Market, Regional Analysis
Related Report:
Blood Gas and Electrolyte Analyzers Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026
Global Blood gas and electrolyte analyzers market will see immense growth opportunities in coming years due to technological advancements and growing prevalence of chronic diseases across the globe. Blood gas analyzers are basically used to measure combinations of blood gas, electrolytes, metabolites parameters, and pH from whole blood samples. They are also used to discover any abnormal electrolyte and/or metabolite levels in blood as well as the acid-base balance in patient along with the oxygen/carbon dioxide exchange level. The conservation of blood is an essential initiative in critical care facility or diagnostic lab. An accurate blood gas analyzer could make the work processes smooth and also reduce errors with minimal maintenance. With respect to end-use, the market is bifurcated into diagnostic centers, central laboratories, and point-of-care. Among these, the diagnostic centers are likely to witness a CAGR of around 6.5% over the forecast timeframe as these centers are equipped with equipment needed in ICU, including different types of blood gas and electrolyte analyzers.
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