Industry Background:
Blood gas and electrolyte analyzers are the most popular diagnostic devices. A blood gas analyzer measures the partial pressure of oxygen in a patient's body. The electrolyte analyzer measures the concentration of vital elements such as sodium, potassium, and calcium. These tests along with others help in accurate diagnosis of various chronic conditions such as asthma, chronic obstructive pulmonary disease (COPD), kidney failure, heart failure, uncontrolled diabetes, severe infections, and drug overdose. The growth of the blood gas and electrolyte analyzers market is majorly driven due to the rise in the prevalence of chronic disorders and the rise in the global geriatric population.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott Laboratories (United States), Convergent Technologies (Germany), Dalko Diagnostic (United States), Edan Instruments, Inc. (China), Erba Mannheim (Germany), F. Hoffmann-La Roche (Germany), Instrumentation Laboratory (United States), Medica Corporation (United States), OPTI Medical Systems Inc. (United States), Radiometer Medical (Danish), Siemens AG (Germany) and TECOM Analytical Systems (Austria) |
This growth is primarily driven by Increasing Incidence of Blood Cancers, Diabetes, and Other Blood-Related Disorders and Growing Elderly Population Base In Developed Countries.
Globally, a noticeable market trend is evident Technological Advancement In Blood Gas And Electrolyte Analyzers Major Players, such as Abbott Laboratories (United States), Convergent Technologies (Germany), Dalko Diagnostic (United States), Edan Instruments, Inc. (China), Erba Mannheim (Germany), F. Hoffmann-La Roche (Germany), Instrumentation Laboratory (United States), Medica Corporation (United States), OPTI Medical Systems Inc. (United States), Radiometer Medical (Danish), Siemens AG (Germany) and TECOM Analytical Systems (Austria), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global blood gas and electrolyte analyzers market is fragmented due to the presence of several manufacturers at the global and regional levels. The level of competition among the companies in the blood gas and electrolyte analyzers market is intense and manufacturers focus on R&D development. Companies are seeking ways to reduce costs and improve product quality, and production efficiency.
Key Developments in the Market:
In April 2020, Accelerate Diagnostics, Inc. partnered with BioCheck, Inc. for the distribution of the BioCheck MS-FAST, a fully-automated chemiluminescence immunoassay analysis in North America, Europe, and the Middle East.
In 2021, Siemens Healthineers launched the epoc Blood Analysis System. It is a handheld, wireless solution to enable comprehensive blood analysis testing at the patient’s side on a single room temperature test card, with results in less than a minute.
Regulatory Insights:
In the European Union, the regulatory body responsible for medical devices is the European Medicines Agency (EMA). However, the conformity assessment for medical devices, including blood gas and electrolyte analyzers, is typically conducted by notified bodies designated by individual EU member states.
Influencing Trend:
Technological Advancement In Blood Gas And Electrolyte Analyzers
Market Growth Drivers:
Increasing Incidence of Blood Cancers, Diabetes, and Other Blood-Related Disorders and Growing Elderly Population Base In Developed Countries
Challenges:
Presence of Complicated Regulatory Framework
Restraints:
High Cost of Blood Gas And Electrolyte Analyzers
Opportunities:
Rising Prevalence Of Chronic Diseases Worldwide and R&D Investments For Novel Procedures In Blood Gas And Electrolyte Analysis
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Blood Gas and Electrolyte Analyzers Market
- Analysis about New Entrants in Blood Gas and Electrolyte Analyzers Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Blood Gas and Electrolyte Analyzers Study Sheds Light on
The Blood Gas and Electrolyte Analyzers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Blood Gas and Electrolyte Analyzers industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Blood Gas and Electrolyte Analyzers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.