Blood Gas Analyzers Market Was Valued at USD 765.5 million in 2021, Growing Demand for PoC Analyzers

According to Precision Business Insights (PBI) latest report The Global Blood Gas Analyzers market is accounted for USD 765.5 million in 2021, growing at 5.2% CAGR from 2022 to 2028. Global Blood Gas Analyzers Market segmented into following types: By Product (Portable Blood Gas Analyzers and Desktop Blood Gas Analyzers), By Application (Hospitals & Clinics, Ambulatory Surgical Centers (ASC) and Others) and Geography (North America, Europe, Asia-Pacific, and Rest of the World) Forecast to 2028. Key player's profiles in the Abbott Laboratories, Danaher Corporation (Radiometer, F.Hoffmann-La Roche AG, IDEXX Laboratories,Inc.(OptiMedicalSystems,Inc.), Medica Corporation, Nova Biomedical, Sensa Core Medical Instrumentation Pvt.Ltd., Siemens AG(Siemens Healthineers), Transasia Bio-Medicals Ltd.(Erba Diagnostics Mannheim Gmbh) and Werfen Science SA.

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Portable Blood Gas Analyzers Dominate the Blood Gas Analyzers Market
Based on product, portable blood gas analyzers segment registered a significant market share and it is expected to grow with a CAGR x% from 2022 to 2028. The portable devices are simple to use, handle, and maintain, which contributes to their higher acceptance rate. Though portable devices have an advantage over traditional devices.

North America leads Blood Gas Analyzers Market:
North America accounted for significant market share in the blood gas analyzers market during the forecast period and it is expected to continue the growth over the forecast period owing to an increase in the usage of technologically advanced portable analyzers and combination blood gas and electrolyte analyzers in hospitals, clinics, and emergency rooms. Moreover, presence of major players and increased healthcare spending is expected to offer lucrative opportunities over the forecast period. India Blood Gas Analyzers market is projected to expand at a CAGR of x% from 2022 to 2028. Increased medical tourism due to affordability coupled with increasing healthcare expenditure is expected to boost the market.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players
Launch of newer products, frequent product approvals, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region are few strategies adopted by market players. For instance,
In May 2018, OPTI Medical Systems announced the release of the E-Lyte CCA cassette for use with the TS2 blood gas analyzers as well as the OPTI CCA-TS. The company was able to expand its blood gas analyzers product line and support business with the new product introduction.

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The blood gas analyzers market detailed segmentation:
Based on the Product, the market is segmented into the following:
• Portable Blood Gas Analyzers
• Desktop Blood Gas Analyzers

Based on the Application, the market is segmented into the following:
• Hospitals & Clinics
• Ambulatory Surgical Centers (ASC)
• Others

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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