United States Blood Gas Monitoring Market 2031 | Growth Drivers, Key Players & Investment Opportunities

Market Size and GRowth

The Global Blood Gas Monitoring Market reached US$ 2.24 billion in 2023 and is expected to reach US$ 3.12 billion by 2031, growing at a CAGR of 4.3% during the forecast period 2024-2031.

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Key Development:

United States: Recent Industry Developments

✅ In June 2025, Sysmex Corporation acquired Cecil Instruments expanding Sysmex's blood‐gas analyzer portfolio and broadening its global diagnostic footprint.

✅ In May 2025, Nova Biomedical launched a new compact blood‐gas analyzer, NovaLite, designed for small to mid‐sized labs and point‐of‐care settings enhancing accessibility and ease-of-use for critical‐care diagnostics.

✅ In April 2025, Siemens Healthineers achieved FDA clearance for its latest critical‐care testing solution, RAPIDPoint 500e Blood Gas Analyzer capable of delivering blood gas, electrolyte, metabolite, and CO-oximetry results for ICU, ER, and OR patients.

✅ In March 2025, Abbott Laboratories entered into a strategic collaboration with Roche Diagnostics to co‐develop integrated point‐of-care blood gas and electrolyte testing workflows aimed at reducing turnaround times and improving critical‐care decision making.

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Global / Asia-Pacific: Recent Industry Developments

✅ In July 2025, Inspira Technologies revealed development of its HYLA blood sensor an AI‐powered system designed to continuously measure oxygen and carbon‐dioxide pressures without repeated blood draws, transforming ICU and critical‐care monitoring.

✅ In the first half of 2025, global reports highlighted a shift toward portable blood gas analyzers and analyzers with improved connectivity and multi‐parameter testing capabilities reflecting broader adoption in Asia-Pacific.

Key Players:

=> Siemens Healthineers AG, F. Hoffmann-La Roche Ltd, Nova Biomedical, Werfen, OPTI Medical Systems, Medica Corporation, Quicklab Services Private Limited, HDC India, Radiometer Medical, and Convergent Technologies among others.

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Key Segments:

By Product

Pulse oximeters lead with 35% share, driven by high adoption in hospitals, diagnostic centers, and ambulatory surgical centers for real-time patient monitoring and non-invasive oxygen saturation measurement. Point-of-care blood gas analyzers account for 20%, supported by demand for rapid and bedside blood gas analysis in critical care and emergency settings. Arterial blood gas sampling kits hold 15%, reflecting routine use in respiratory monitoring, intensive care, and laboratory testing. Laboratory blood gas analyzers represent 10%, fueled by high-throughput testing in hospital laboratories and clinical research. Capnography accounts for 10%, supported by monitoring of CO2 levels during anesthesia and critical care. Other products make up 10%, including integrated monitoring systems, accessories, and emerging blood gas diagnostic tools.

By Type

Portable types dominate with 55% share, driven by demand for bedside monitoring, point-of-care diagnostics, and mobile healthcare units. Desktop types account for 45%, reflecting use in centralized laboratories, high-throughput testing environments, and facilities requiring detailed analytics and calibration capabilities.

By End-User

Hospitals lead with 50% share, driven by intensive care units, surgical departments, and emergency care facilities requiring continuous monitoring and accurate blood gas measurement. Ambulatory surgical centers account for 20%, supported by growing outpatient procedures and perioperative monitoring. Diagnostic centers hold 15%, fueled by rising outpatient testing, preventive care, and specialty labs. Cardiac catheterization laboratories represent 10%, reflecting use during interventional cardiology procedures. Other end-users make up 5%, including homecare services, research institutes, and specialty clinics.

By Region

North America - 35% Share
North America leads with 35%, driven by advanced healthcare infrastructure, widespread adoption of monitoring devices, and high investment in critical care and point-of-care diagnostics in the U.S. and Canada.

Europe - 25% Share
Europe holds 25%, supported by hospital modernization, outpatient diagnostic services, and regulatory focus on patient safety across Germany, France, U.K., Italy, Spain, and other European countries.

Asia Pacific - 25% Share
Asia Pacific accounts for 25%, fueled by growing healthcare access, rising outpatient procedures, increasing surgical interventions, and adoption of portable monitoring devices in China, India, Japan, and Southeast Asia.

Latin America - 8% Share
Latin America holds 8%, driven by expansion of healthcare infrastructure, private diagnostic centers, and increasing adoption of point-of-care devices in Brazil, Mexico, and neighboring countries.

Middle East & Africa - 7% Share
The Middle East & Africa represent 7%, supported by investments in hospitals and surgical centers, adoption of portable diagnostic devices, and growth in private and government healthcare facilities across GCC countries, South Africa, and other emerging regions.

FAQ

What is the current size of the Blood Gas Monitoring Market?

A: In 2023, the Blood Gas Monitoring Market was valued at US$ 2.24 billion , reflecting its strong industry presence.

Q2: How large is the Blood Gas Monitoring Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Blood Gas Monitoring Market will grow to around US$ 3.12 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Blood Gas Monitoring Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2024 to 2031.

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