Growth Analysis, Trends, Size, Share, and Outlook Report for Blood Gas and Electrolyte Analyzers Market 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Blood Gas and Electrolyte Analyzers Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $4.86 billion In 2028 At A CAGR Of 8.4% :

The blood gas and electrolyte analyzers market size has grown strongly in recent years. It will grow from $3.26 billion in 2023 to $3.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to rapid urbanization, growing number of patients in emergency units of hospitals, improving infrastructure in diagnostic centers, increasing earnings and standard of living, increased healthcare expenditure, increased geriatric population and increasing obesity.

The blood gas and electrolyte analyzers market size is expected to see strong growth in the next few years. It will grow to $4.86 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to increasing government initiatives, rising number of patients in critical care units and intensive care units (icu), increasing medical tourism and increase in chronic diseases. Major trends in the forecast period include technological advancements, product innovations, digital blood gas analyzers, automated blood gas analyzers, use of venous blood gas values and complete blood count (cbc) diagnostics technology.

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Blood Gas and Electrolyte Analyzers Market Major Segments
The blood gas and electrolyte analyzers market covered in this report is segmented -

1) By Product: Blood Gas Analyzers, Electrolyte Analyzers, Combined Analyzers, Consumables
2) By Modality: Portable, Laboratory, Benchtop
3) By End User: Central Laboratories, Point Of Care, Diagnostic Centres, Hospitals, Other End Users

Key Driver - Rising Patient Numbers Drive Growth In The Blood Gas And Electrolyte Analyzers Market

The increase in the number of patients led to more blood sample testing, contributing to the growth of the blood gas and electrolyte analyzers market. Blood tests are used for a variety of purposes, including determining cholesterol and blood glucose levels. These can help keep track of the risk of heart disease, vascular disease, and diabetes, as well as how well the problem is treated. For instance, in 2021, of the 118.5 million blood donations received worldwide, 40% were collected in high-income countries, which account for 16% of the global population. Children under the age of five years old receive up to 54% of blood transfusions in low-income nations, but in high-income countries, the most frequently transfused patient group is over 60 years old, accounting for up to 75% of all transfusions. Thus, the increase in the number of patients led to more blood sample testing contributing to the growth of the blood gas and electrolyte analyzers market.

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Prominent Trend - Innovative Technological Solutions Transform The Blood Gas And Electrolyte Analyzers Market

Technological advancements are a key trend gaining popularity in the blood gas and electrolyte analyzers market. Major companies operating in the blood gas and electrolyte analyzers market are focused on developing new technological solutions to strengthen their position in the market. For instance, in September 2021, Sensa Core, an India-based company operating in blood gas and electrolyte analyzers, launched the ST-200 CC Blood Gas Analyzer-Ultra Smart for hospitals, clinics and diagnostics centers through its network in India. Sensacore's ST-200 CC Ultra Smart ABGEM blood gas analyzer is the highly advanced blood gas model of Sensacore which is a completely automated, microprocessor-controlled electrolyte system that uses current direct measurement with an ION selective electrode (ISE), Impedance (Hct) and Amperometry (pO2) technology to make arterial blood gas analysis and electrolyte measurements. The ST-200 CC ultra-smart ABGEM blood gas analyzer measures various combinations of Sodium, Potassium, Ionized Calcium, Lithium, Potential of Hydrogen, Chloride, Partial Pressure of Carbon Dioxide, Partial Pressure of Oxygen, Hematocrit Test and calculated parameters like Hemoglobin, Bicarbonate, Barium Enema, Benign Essential Blepharospasm, the clinical significance of base excess (BEB) and base excess in the extracellular fluid compartment, i-STAT System test for total carbon dioxide, Albumin/Globulin, Oxygen saturation, Oxygen content, Straw blood cell count, Macro Economic Scenario, Tricyclic antidepressant (TCA) screen, Partial Pressure of Oxygen Percentage, First alveolar-arterial oxygen gradient with one sample of whole blood, serum or plasma the new ultra-smart model acquires 27 different results. It has an Internal barcode scanner and an external interface with a keyboard and mouse.

Blood Gas and Electrolyte Analyzers Market Players
Major companies operating in the blood gas and electrolyte analyzers market report are F. Hoffmann-La Roche Ltd, Danaher Corporation, Siemens Healthineers AG, Werfen, Abbott Laboratories, Medica Corporation, EDAN Instruments Inc, Radiometer Medical, Nova Biomedical, OPTI Medical systems Inc, I Sens Inc, JOKOH CO. LTD, Prolong Medical Equipment Co. Ltd, Sensa Core Medical Instrumentation Pvt. Ltd, Hunan Rainbow Technology Co. Ltd, ERBA Mannheim, EKF Diagnostics, Roche Diagnostics, Grifols, Vygon SAS, Biofidus, KwertyMed, Instrumentation Laboratory Company, Becton Dickinson and Co, Microbiology E.A Ltd.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the blood gas and electrolyte analyzers market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the blood gas and electrolyte analyzers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Blood Gas and Electrolyte Analyzers Market Report Structure
3. Blood Gas and Electrolyte Analyzers Market Trends And Strategies
4. Blood Gas and Electrolyte Analyzers Market - Macro Economic Scenario
5. Blood Gas and Electrolyte Analyzers Market Size And Growth
…..
27. Blood Gas and Electrolyte Analyzers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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