Blood Gas and Electrolyte Analyzers Market-Global Industry Analysis and Opportunity Assessment : Key Players are: Siemens, Medica, Roche, Nova Stat

The Blood Gas and Electrolyte Analyzers Market to exceed USD 700 million by 2023 as per a new research report.

Increasing number of patients in emergency departments, NICUs, and ICUs is the major factor driving blood gas and electrolyte analyzers market growth. Development will correspondingly be determined by the growing implementation of innovative biosensors and software for data analysis to develop electrolyte analyzer for next-generation.

Increasing susceptibility towards chronic conditions such as, cardiovascular diseases, respiratory disorders and cancer should increase demand for blood gas and electrolyte. Changing lifestyle, unhealthy food consumption and reduced physical exercise leads to cardiovascular diseases, which should increase the adoption of blood gas and electrolyte analyzers. Increased need for technology incorporation of combined systems as well as low cost of miniaturized point of care blood gas analyzers is anticipated to deliver future growth opportunities.

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Blood gas and electrolyte analyzers market share will be hindered by complexities regarding interpretation of data, complex operation and need for data understanding of these analyzers.
The blood gas benchtop analyzers should witness lucrative growth as they are mostly used in academic facilities as well as large institutions. These uses identified concentration of gas, that is provided in conventional form of gas containers that severely bound their portability thereby, driving blood gas and electrolyte analyzers market.

Blood gas analyzers is the fastest growing segment due to increased application in chronic conditions. Moreover, demand for blood gas analyzers is increasing owing to the advantages such as, cost effective, portability, accuracy and easy to use features that propel blood gas and electrolyte analyzers market share.

Point-of-care segment is experiencing significant growth rate, the growth is attributed due to the benefits such as, shorter therapeutic reversal time for sample test of patients, decrease in preanalytical and post analytic errors as the traditional procedures of laboratory test involves several preliminary steps, and provides convenience for clinicians. Other benefits include fast diagnosis as well as treatment, portability of devices, efficiency in work flow process, expansion in testing capabilities, stability of specimen and ease of handling and improvement in patient outcomes.

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U.S. will observe robust progress over the forecast period owing to rising incidence of lifestyle related diseases, increasing government initiatives and increased product endorsements. Moreover, increase in the number of patients, specifically in the intensive care unit, emergency department and the occurrence of supportive healthcare organization are some factors which will drive blood gas and electrolyte analyzers industry growth.

China and India offer immense growth opportunities as the prevalence of diabetes is high in India and chronic disease incidence rates are higher over these countries that will boost demand for blood gas and electrolyte analyzers.

Companies operating in blood gas and analyzers includes Roche Diagnostics, Radiometer, Alera Medical, Instrumentation Laboratories, Siemens Healthcare and Cerner Corporation. Industry participants are consolidating their market position by increasing their focus on R&D to develop novel profitable technologies.

Chapter 3 Blood Gas and Electrolyte Analyzers Industry Insights

3.1 Industry segmentation

3.2 Industry size & forecast, 2012 - 2023

3.3 Industry impact forces

3.3.1 Growth drivers

3.3.1.1 Technological innovation

3.3.1.2 Growing elderly population base

3.3.1.3 Increasing integrated system demand

3.3.1.4 Increasing prevalence of chronic diseases

3.3.2 Industry pitfall & challenges

3.3.2.1 High product cost

3.3.2.2 Complex regulatory scenario

3.4 Growth potential analysis

3.5 Industry ecosystem

3.6 Regulatory landscape

3.6.1 U.S.

3.6.2 Europe

3.6.3 China

3.7 Company market share analysis, 2015

3.7.1 Strategy dashboard

3.8 Porter’s analysis

3.9 PESTEL analysis

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