Blood Gas and Electrolyte Analyzer Market 2023-2028: Trends, Industry Growth, Analysis and Forecast

According to the latest report by IMARC Group, "Global Blood Gas and Electrolyte Analyzer Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028", the global blood gas and electrolyte analyzer market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.41% during 2023-2028.

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Blood gas and electrolyte analyzers represent the medical devices customized for determining several parameters in a whole blood sample, including potential hydrogen (pH), blood gas (partial pressure of carbon dioxide and oxygen), metabolites, and electrolytes. In terms of modality, they are available in benchtop and portable models. Blood gas and electrolyte analyzer products are effective in detecting metabolic imbalances and the measurement of renal and cardiac functions. They aid in measuring the acid-base balance of a patient, diabetes, drug consumption, etc. Blood gas and electrolyte analyzer instruments are cost-effective and provide accurate and fast results. Consequently, they find extensive applications across various establishments, such as hospitals, clinics, ambulatory surgical centers, etc.

Market Trends:

The escalating number of patients in operating rooms, intensive care units (ICUs), and emergency departments is primarily driving the blood gas and electrolyte analyzer market. Furthermore, the increasing prevalence of chronic diseases among the geriatric population and the elevating demand for high throughput, integrated, and automated systems are acting as significant growth-inducing factors.

Additionally, the growing product usage with laboratory information systems and electronic medical records for streamlining the workflow and enabling effective monitoring of patient health is also positively influencing the market growth. Besides this, the inflating investments by key market players to develop portable product variants with easy-to-use features and minimum maintenance requirements and the shifting preferences toward point-of-care testing (POCT) are expected to propel the blood gas and electrolyte analyzer market over the forecasted period.

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Blood Gas and Electrolyte Analyzer Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global blood gas and electrolyte analyzer market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Medica Corporation, Nova Biomedical Corporation, OPTI Medical Systems Inc. (IDEXX Laboratories), Abbott Laboratories Inc., Dalko Diagnostics, Erba Group (Transasia Bio-Medicals Ltd.), Radiometer Medical ApS (Danaher Corporation), Roche Holding AG, Siemens AG, and WerfenLife S.A.

Key Market Segmentation:

The report has segmented the global blood gas and electrolyte analyzer market based on product type, modality, end user and region.

Breakup by Product Type:
• Analyzers
• Consumables

Breakup by Modality:
• Benchtop
• Portable

Breakup by End User:
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others

Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.