Blood Gas Analyzer Market report is structured with the meticulous efforts of innovative, enthusiastic, knowledgeable, and experienced team of analysts, researchers, industry experts, and forecasters. This market analysis report also offers an in-depth overview of product specification, technology, and product type and production analysis considering major factors such as revenue, cost, and gross margin. Two of these major tools of market analysis are SWOT analysis and Porter's Five Forces Analysis. The first class Global Blood Gas Analyzer Market report is generated with a nice combination of advanced industry insights, practical solutions, talent solutions and the use of latest technology which gives an excellent user experience.
Data Bridge Market Research analyses that the blood gas analyzer market was valued at USD 668.4 million in 2022 and is expected to reach USD 995.08 million by 2030, growing at a CAGR of 5.10% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The blood gas analyzers are widely utilized to measure electrolyte, pH, blood gas, and some metabolites in the whole blood specimen. Some of the common blood gas analyzers will measure lactate, glucose, and bilirubin. These measurements show the build-up or breakdown of chemical components in the body, representing pulmonary status or disease condition.
Recent Developments
- In 2022, Sysmex America Inc. received FDA clearance for the development of a new feature to its N-10 Automated Hematology Analyzer with Blood Bank mode. This is the first automated analyzer that is approved for residual WBC counting.
- In 2021, Siemens healthiness launched the epoc Blood Analysis System. It is a handheld, wireless solution having complete blood gas, hematocrit and lactate on a single room temperature-stable test card, a basic metabolic panel, delivering patient-side results in less than 1 minute. It helps in supporting COVID-19 response efforts, where blood gas testing plays a serious role in managing infected patients.
Some of the major players operating in the Blood Gas Analyzer market are:
- Abbott (U.S.)
- Dalko diagnostics (India)
- EDAN Instruments, Inc.(China)
- Hoffmann-La Roche Ltd (Switzerland)
- Instrumentation laboratory (U.S.)
- Radiometer (Denmark)
- Siemens Healthcare GmbH (U.S.)
- Thermo Fisher Scientific Inc. (U.S.)
- TECOM Analytical Systems (Austria)
- OPTI MEDICAL SYSTEMS (U.S.)
- Erba Mannheim (Germany)
- Medica Corporation (U.S.)
- Alere Inc (U.S.)
Drivers
Growing Elderly Population
The elderly population is at more risk of contracting infectious diseases; thus, they require uninterrupted monitoring of their vital signs while treatment to prevent critical health complications. For instance, as per the World Population Ageing Highlight 2020, the global elderly population is growing rapidly worldwide and in 2020, around 727 million people of age 65 years or more were living all over the world which was around 9.3% of the total global population and also, the same source anticipated that the population of people of aged 65 years or more will be around 1.5 billion people by the end of 2050 which will be a total of 16% of global population. Likewise, as per the October 2021 update of WHO, the total percentage of people of age more than 60 years in the global population will rise from 12% in 2015 to 22% by 2050, of which, around 80% of the older people in 2050 will be living in the low-and middle-income countries.
Global Blood Gas Analyzer Market Scope
The blood gas analyzer market is segmented on the basis of product type, modality and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- i-Stat
- ePOC
- GEM Premier
- ABL Flex
- Cobas,
- RAPID Series
- Others
Modality
- Portable
- Bench-top
Distribution Channel
- Hospital, Diagnostics Centers
- Clinics
- Ambulatory Surgical Centers
- Educational Institutes
- Others
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Important Facts about Blood Gas Analyzer Market Report:
- The Global Blood Gas Analyzer research report reveals this business overview, product overview, market share, demand and supply ratio, supply chain analysis, and import/export details
- The Industry report captivates different approaches and procedures endorsed by the market key players to make crucial business decisions
- This research presents some parameters such as production value, marketing strategy analysis, Distributors/Traders and effect factors are also mentioned
- The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed
- The import and export details along with consumption value and production capability of every region is mentioned in the report
- Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth
- The report provides the clients with the facts and figures about the market on the basis of evaluation of the industry through primary and secondary research methodologies
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