Global Blood Gas and Electrolyte Analyzers market with COVID-19 Impact Analysis by Modality (Bench Top and Portable) By Product (Blood gas Analyzer, Electrolyte analyzer, combined analyzer, others) By End-Use (Centralized laboratories, point of care) By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa): Global Opportunity Analysis and Industry Forecast, 2021–2027.
Global Blood Gas and Electrolyte Analyzers market
The Global Blood Gas and Electrolyte Analyzers Market was worth USD 3.75 Billion in 2020 and is projected to attain USD 6.38 Billion by 2027, developing at a CAGR of 7% from 2021 to 2027. A boom withinside the number of sufferers brought about extra blood sample testing, and therefore Blood Gas and Electrolyte Analyzers activity have increased. Blood Gas, increasing technological improvements, research activities, & the healthcare zone have helped in the market boom. Government funding is likewise promoting the boom of the Blood Gas and Electrolyte Analyzers Market. The market record presents a holistic assessment of the market. Market Drivers
Increasing incidence of chronic sicknesses leading to diabetes and other cardiovascular disease is a major aspect of the boom in the Blood Gas and Electrolyte Analyzer Market at some point of the forecast length 2021-2026. According to the World Health Organization, approx 422 million human beings worldwide have diabetes, especially in low and middle-profit nations, and 1.6 million deaths are immediately attributed to diabetes every year. Similarly, an expected 17.9 million lives are lost every year because of cardiovascular diseases making it the primary purpose of losing life globally. Growing diabetes and cardiovascular sufferers is leading to the growth in diagnosis and thereby propelling the market.
Market Restraints
There are certain limitations & barriers endured that will restrict the market growth. The factors such as under stress & weakening due to dezincification is the potential restraints hampering the overall growth of the global Brass Bars Market. Also, alternative materials used in end use industries may hamper the global brass bars market growth.
Market Segmentation
Global Blood Gas and Electrolyte Analyzers Market is segmented into Based on modality, the market is divided into portable and benchtop. The portable devices are easy to use, handle, and have minimal upkeep requirements, allowing for their better adoption fee. There are several companies which are investing in the improvement and advertising of these products. On the basis of Product, the market is divided into Blood Gas Analyzer, Electrolyte Analyzer, Combined Analyzer and other products. Out of these, the blood gas analyzers section and electrolyte analyzers section is the top section with a majority market share, covering about 45% of the total market. Based on End-User, the market is divided into centralized laboratories, points of care, others. Point-of-Care is expected to witness the largest market share in 2020 and is projected to develop at a CAGR of 5.8% due to the growing demand for speedy diagnostic near-patient bed aspects and decreasing healthcare expenditure by averting lengthy hospital stays.
Regional Analysis
Global Blood Gas and Electrolyte Analyzers Market segmented into five regions such as North America, Latin America, Europe, APAC, and MEA. North America is anticipated to dominate this market in phrases of sales generated over the forecast period. The huge presence of domestic and global medical devices companies from each the developed and emerging markets boost the demand and growth of analyzes in the country. The better network among the multispecialty hospitals with the insurance companies and medical device companies drives the significance of this market in the United States. For instance, in March 2020, Siemens Healthineers RAPIDPoint 500e Blood Gas Analyzer, used in critical care settings, received US Food and Drug Administration approval.
Key Players
The companies in this market have advanced in providing analyzers with display monitors to screen the sufferers earlier than electronically, shifting them for everlasting reports inside statistics control systems. Some of the top gamers lively on this market include Abbott laboratories, F Hoffman La Roche Ltd, Siemens Healthineers, Medica Corporation, and Danaher Corporation.
Market Taxonomy
By Modality Type
By Product Type
By End-User
By Region
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook