Blood Gas and Electrolyte Analyzers Market to grow at 4.5% CAGR from 2016 to 2023

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Blood Gas and Electrolyte Analyzers Market to
grow at 4.5 CAGR from 2016 to 2023 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Blood Gas and Electrolyte
Analyzers Market

• Global Market Insights, Inc. says Blood Gas and
  Electrolyte Analyzers Market size is set to
  exceed USD 700 million by 2023.
• Growing prevalence of chronic diseases has led to
  significant increase in traffic of emergency
  cases creating a huge demand for blood gas and
  electrolyte analyzers.
• Combined analyzers are identified as the most
  lucrative application segment of the blood gas
  and electrolyte analyzers market, projected to
  grow at a CAGR of 5.5, during the forecast
  timeframe.
• The growth in point of care (PoC) devices market
  is set to push the demand for blood gas and
  electrolyte analyzers market. Shortage of
  technical expertise to operate the devices and
  huge maintenance costs has led to increase in
  adoption of automated and self-contained devices.

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Continued...

• The blood gas and electrolyte analyzers market is
  witnessing introduction of technological
  advancements in devices such as compact nature,
  and more sensitive test results, along with
  growing demand for multi-parameter monitoring
  equipment with high throughput.
• U.S. was the leading blood gas and electrolyte
  analyzers market with revenue share of over 34
  of the overall industry. The region has shifted
  to patient-centric healthcare approach by
  adopting PoC diagnostics, leading to huge demand
  for blood analyzers.
• Asia Pacific and Latin America are likely to
  offer blood gas and electrolyte analyzers market
  potential growth platform in the coming years,
  due to huge presence of underserved asthma and
  COPD patients and tremendous improvement in
  healthcare infrastructure and facilities.
• India was the fastest growing country in APAC in
  2015 registering a CAGR of 10.5 during the
  forecast period.

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Germany Blood Gas Electrolyte Analyzers Market
Size, by Product, 2012- 2023 (USD Million)

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Continued...

• This is attributed to rise in awareness regarding
  diagnosis of asthma, and other respiratory
  disorders. India faces a challenge of air
  pollution leading to high prevalence rate of
  respiratory diseases.
• The increasing prevalence of COPD in countries
  such as India increases the cost burden of
  disease on government and productivity leading to
  economic losses.
• Over 90 of COPD deaths occur in low and middle
  income countries, since most of the population
  here is exposed to harmful pollutants,
  occupational chemicals, and observe high rate of
  smoking.
• Major companies operating in the blood gas and
  electrolyte analyzers market include
  Instrumentation Laboratories, Roche Diagnostics,
  Siemens Healthcare, Alera Medical, Radiometer,
  and among others.

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