Title: Blood Gas and Electrolyte Analyzers Market size to exceed $700mn by 2023
1Blood Gas and Electrolyte Analyzers Market Size
worth over 700mn by 2023 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
2 Key Insights from Blood Gas and Electrolyte
Analyzers Market
- Global blood gas and electrolyte analyzers market
size estimates were USD 484.5 million in 2015,
with over 4.5 CAGR growth expectations by 2023. - North America dominated the overall market,
accounting for a share of 40 in 2015, followed
by Europe, Asia Pacific, LATAM and MEA. U.S.
blood gas and electrolyte analyzers market should
exceed USD 230 million by 2023. - Portable blood gas electrolyte analyzers market
dominated industry share in 2015 with revenue
exceeding USD 300 million. - New entrant threat is expected to remain
moderately high, due to lack of a rigidly defined
regulatory scenario. With optimistic growth
expectations, new players may be attracted to
enter the market over the forecast period.
3Continued...
- Portable blood gas analyzers and electrolyte
market is marked by constant innovation and
technology improvements which are amongst key
factors for demand evolution. - Innovation and technological advancements have
resulted in the development of novel devices from
bench-top to more compact, handheld, and sleek
point-of-care devices. Sleek point-of-care
devices offer portable, rapid arterial blood gas
analysis at the point of need due to its
portability, accuracy, ease-of-use, and short
turnaround time. - Presence of high unmet medical needs and rapidly
improving healthcare infrastructure in the APAC
region should act as a catalyst for the market
growth.
4U.S. blood gas and electrolyte analyzers market
size, by product, 2012 - 2023 (USD Million)
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6360 Analysis
- Application Analysis
- Portable analyzers dominated the overall blood
gas electrolyte analyzers market share in 2015,
with over USD 300 million. Growing demand for
point of care blood gas electrolyte analyzers
due to its ability to provide instant test
results and faster turnaround time is one of the
major factors driving the growth of this segment. - Regional Analysis
- North America, driven by U.S. blood gas
electrolyte analyzers market size is forecast to
exceed USD 270 million by 2023, still remaining
the largest regional industry. Increasing number
of patient admissions in the emergency wards, and
intensive care units, due to growing prevalence
of chronic diseases, along with an evolved
healthcare infrastructure and reimbursement
framework are key driving factors. - Competitive Market Share
- Global blood gas electrolyte analyzers market
share is dominated by multiple players with large
revenue bases, and presence of a number of
domestic participants. Roche Diagnostics, Cerner
Corporation, Siemens Healthcare, Alera Medical,
and Instrumentation Laboratories, Inc. are
predominant industry players.
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