Blood Gas And Electrolyte Analyzer Market To Reach $3.71 Billion By 2030

July 2024 | Report Format: Electronic (PDF)

Blood Gas And Electrolyte Analyzer Market Growth & Trends

The global blood gas and electrolyte analyzer market size is expected to reach USD 3.71 billion by 2030, registering a CAGR of 4.5%, according to a new study by Grand View Research Inc. Rising number of patients in ICU and critical care units and increasing demand for high throughput and integrated systems are some key factors likely to drive the blood gas and electrolyte analyzers market. Growing global geriatric population base is also expected to significantly contribute towards market growth over the forecast period, by triggering the incidence rates of target diseases and widening the base of patients requiring critical care. Furthermore, the emergence of multi-parameter monitoring devices owing to, expanding test menus and growing demand for portable devices is expected to boost usage rates over the forecast period. The availability of blood gas analyzers has helped enhance the care of critically ill patients allowing for frequent diagnosis and monitoring of respiratory problems and ability to guide prognosis and therapy. Rising demand for technically advanced sleek handheld devices involving short turnaround time has resulted in the development of more compact, sleek, handheld point-of-care devices. For instance, the OPTI CCA-TS2 blood gas and electrolyte analyzers use innovative optical technology and provide fast results while requiring minimal maintenance.


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Blood Gas And Electrolyte Analyzer Market Report Highlights

  • Consumables dominated the market with a revenue share of 66.28% in 2023 and is anticipated to grow at the fastest growth rate over the forecast period, driven by their increasing demand.

  • Clinical laboratory dominated the market with a revenue market share of 46.98% in 2023. In the rapidly advancing landscape of healthcare technology, Blood Gas Analyzers (BGAs) have become indispensable for clinical laboratories, offering real-time insights into a patient's respiratory and metabolic status.

  • North America accounted for 42.22% of the blood gas and electrolyte analyzers market in 2023. Presence of sophisticated healthcare infrastructure along with favorable reimbursement plans are some key factors expected to drive regional market growth.

  • Presence of high unmet needs clubbed with rapidly improving healthcare infrastructure in the emerging markets of India and China is expected to help Asia Pacific grow at a lucrative rate throughout the forecast period. Growing demand for decentralized point-of-care diagnostic facilities handling large volumes of diagnostic tests is also expected to drive regional market growth.

Blood Gas And Electrolyte Analyzer Market Segmentation

Grand View Research has segmented the global blood gas and electrolyte analyzer market based on product, end-use, and region:

Blood Gas And Electrolyte Analyzer  Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Instruments

    • Instrument, by Type

      • Bench Top

      • Portable

    • Instrument, by Brand

      • I-STAT

      • epoc

      • GEM Premier (3500& 5000)

      • ABL Flex (90 and 800)

      • Cobas

      • RAPID Series

      • Others

  • Consumables

Blood Gas And Electrolyte Analyzer  End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Clinical Laboratory

  • Point-of-care

  • Diagnostic Centers

  • Others

Blood Gas And Electrolyte Analyzer  Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • South Korea

    • Australia

    • Singapore

    • Malaysia

    • Indonesia

    • Thailand

    • Vietnam

    • Philippines

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait

List of Key Players in Blood Gas And Electrolyte Analyzer Market

  • Abbott

  • Meizhou Cornley High-Tech Co., Ltd.

  • Radiometer Medical ApS

  • EDAN Instruments, Inc.

  • Erba Mannheim

  • F. Hoffmann-La Roche Ltd

  • Fortress Diagnostics

  • Werfen

  • LifeHealth

  • Medica Corporation

  • OPTI Medical Systems, Inc.

  • Sensa Core

  • Siemens Healthineers AG

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