Blood Gas and Electrolyte Analyzers Market drivers of growth analyzed in a new research report

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Growing adoption of point-of-care devices to
foster blood gas electrolyte analyzers market
size
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Blood Gas and Electrolyte
Analyzers Market

• Growing geriatric population base coupled with
  the burden of chronic diseases worldwide is
  poised to drive blood gas and electrolyte
  analyzers market outlook. In 2019, the
  International Diabetes Federation claimed that
  around 463 million patients across the globe had
  diabetes and the number is forecast to reach up
  to 700 million by 2045.
• Also, the European Heart Network approximated
  that cardiovascular diseases lead to more than
  1.8 million deaths in the European Union alone
  and over 3.9 million deaths in overall Europe.
  The number of patients that are treated in
  emergency departments, ICUs and NICUs are
  gradually increasing. The integration of blood
  gas analyzer with laboratory information systems
  and electronic medical records aid in monitoring
  patients health and streamline workflow in
  hospitals.

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Continued...

• Large-scale utilization of these analyzers to
  obtain quick and accurate results for blood
  gases, electrolytes, acid-base balance, ionized
  calcium, lactate and glucose, among others may
  fuel product demand. Moreover, analyzer
  manufacturers are focusing on development and
  rolling out of advanced products. For instance,
  Radiometer developed an ABL9 blood gas analyzer
  that gives accurate results on 70 microliters of
  blood in as less as 77 seconds.
• Rising innovation in the product line is likely
  to compliment business growth in the coming
  years. Globally, blood gas electrolyte
  analyzers market size is forecast to surpass USD
  5.7 billion in annual value by 2026. Growing
  inclination towards portable analyzers to
  eliminate the pre-analytical errors related to
  centralized testing will bolster product demand.
  In 2019, portable blood gas and electrolyte
  analyzers segment contributed around 60 to the
  overall revenue share.

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Continued...

• Dual functioning ability of the combined
  analyzers to test blood gas and analyze nitrogen,
  blood urea, electrolytes and creatinine is
  resulting in robust adoption of these equipment.
  These analyzers also provide reliable, quick and
  accurate results for electrolytes, acid-base
  balance, ionized calcium, lactate, glucose and
  blood gas. Combined analyzers segment is expected
  to showcase growth rate of 7.5 over 2020-2026.
• In 2019, the point-of-care segment accounted for
  over USD 1.5 billion in value and is likely to
  exhibit significant growth through 2026.
  Point-of-care devices offer quick analysis due to
  its ease-of-use, portability and short
  turn-around time. POC glucose meters have proven
  to be significantly useful in managing glycemic
  level in diabetic patients, claims the American
  Diabetes Association. Growing utilization of
  blood gas analyzers in operation rooms and
  emergency departments to monitor mechanically
  ventilated patients will supplement the industry
  share.

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Continued...

• North America blood gas and electrolyte analyzers
  market size is forecast to reach USD 2 billion in
  revenues by 2026. Presence of well-developed
  infrastructure along with growing healthcare
  spending in the region are the key contributors
  to this growth. The healthcare facilities in
  North America are increasingly integrating POC
  devices and wireless connectivity to ensure
  better outcomes. A large scale adoption of
  handheld, portable, and advanced blood gas
  electrolyte analyzers will construe to the
  regional product trends.

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