Global Blood Gas and Electrolyte Analyzer Market – By Application, By Product Type, By End-Use, By Region, By Country: Opportunities and Forecast (2017-2022)

Date: 23 September 2017

Global Blood Gas & Electrolyte Analyzer market is projected to display significant growth represented by a CAGR of 5.11% during 2017 – 2022, chiefly driven by increasing number of patients suffering with chronic diseases due to changing lifestyle, rising geriatric population, increasing healthcare expenditure and recent technological advancement of the blood gas & electrolyte analyzers as per the report titled “Global Blood Gas and Electrolyte Analyzer Market – By Application, By Product Type, By End-Use, By Region, By Country: Opportunities and Forecast (2017-2022) - By Application (Blood Gas Analyzers, Electrolyte Analyzers, Combined Analyzers), By Product (Benchtop, Portable), By End-Use (Central Laboratories, Point of Care)”, published by Azoth Analytics. 

Amongst the regions, North America holds the majority market share of the overall Blood Gas & Electrolyte Analyzer Market. The region also anticipated to advance at higher pace during the forecast period owing to the recent technological advancement in the devices resulting in a significant reduction in size and weight of the analyzers, better analytical capabilities, lower maintenance in conjunction with high per capita expenditure on healthcare, high prevalence of chronic diseases are the key factors backing the massive market share of North America. Further, Asia-Pacific region expected to grow at higher ace due to ongoing medical infrastructural developments, particularly in emerging markets such as India and China which is anticipated to boost the global market in the forecast period.

Amongst the segments, Combined Blood Gas & Electrolyte Analyzers accounts for majority market share, followed by Electrolyte Analyzers and this trend is anticipated to continue in the forecast period. Expanded test menus in line with the miniaturization of the combined blood gas & electrolyte analyzers is leading the segment to grow in terms of revenue. The Portable (handheld) blood gas & electrolyte analyzers are at very nascent stage of development in the industry and gaining major traction owing to the growing point of care testing market particularly in advanced countries. The portable blood gas & electrolyte analyser are expected to gain significant market share during the forecast period. 

However, certain factors such as high vulnerability of the sensor technology towards ambient conditions, frequent maintenance and stringent government regulations have been restraining the growth in the global blood gas & electrolyte analyser market. 
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