Blood Gas and Electrolyte Analyzer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The blood gas and electrolyte analyzer market is segmented by modality (benchtop and portable), product, end-user, and geography

Blood Gas and Electrolyte Analyzer Market Snapshot

Blood Gas and Electrolyte Analyzer Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.0 %

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Market Overview

The analyzers are important in the critical care units to determine the blood gas, pH, electrolytes, and some metabolites in the whole blood specimen. The technological advancement in the past decade has significantly improved the method of diagnosis and treatment in the healthcare facilities. The recent advances have enabled clinicians to direct therapy and improve patient outcomes. 

A large number of basic and complicated parameters are now being carried out for patients suffering from life-threatening respiratory disturbances and acid-base imbalances. For example, the epic Blood Analysis System wireless solution for testing by Alere, Inc (Abbott Laboratories) which features smartcard technology offers 11 tests from a very small sample of blood (92 µL, about 1/10th of a CC, sample). 

Other factors such as the growing patient population in the critical care units and government and private sectors collaboration with healthcare facilities, all drive the demand of the blood gas electrolyte analyzer. Some of the major restraining factors in the market include the cost of the analyser, reimbursement issues, and complicated regulations.

Scope of the Report

As per the scope of the report, blood gas and electrolyte analyzers are useful medical devices for the detection of metabolic imbalances, and measurement of renal and cardiac functions. It is traditionally performed in the clinical chemistry laboratory, but, now becoming popular and common in the point-of-care testing. 

By Modality
Benchtop
Portable
By Product
Blood Gas Analyzer
Electrolyte Analyzer
Combined Analyzer
Other products
By End User
Centralized Laboratories
Point of Care
Others
Geography
North America
United States
Canada
Mexico
Europe
France
Germany
United Kingdom
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Portable Blood gas and Electrolyte Analyzers is Expected to Grow at Better Rate than Other, Over the Forecast Period

The portable devices are easy to use, handle, and with minimum maintenance requirements which helps in its better adoption rate. There are several companies that are investing in the development and marketing of these products. Though there is the edge for the portable devices over the conventional devices, the concerns and challenges arise when there are being operated by the non-laboratory staff such as nurses and physicians, which sometimes restricts the extent of results being obtained.

With that, in the emergency and critical care settings, it is important for the doctors/physicians and laboratorians to build upon the synergistic efforts towards using portable devices in POCT and conventional laboratory settings. With that, the positives and benefits of using such devices are more, which drives the adoption rate of these products in the market, over the forecast period.

Blood gas and Electrolyte Analyzer market

North America is Expected to Dominate the Market Among Other Regions, over the Forecast Period

North America is expected to dominate this market in terms of revenue generation, over the forecast period. The large presence of domestic and international medical devices companies from both the developed and emerging markets boost the demand and growth of analyzes in the country. 

The better network between the multispecialty hospitals with the insurance companies and medical device companies drives the importance of this market in the United States. For instance, in March 2020, Siemens Healthineers RAPIDPoint 500e Blood Gas Analyzer, used in critical care settings has received U.S. Food and Drug Administration approval.

Furthermore, medical tourism also attracts many patients from many countries to get better healthcare facilities in the region. The growing preference towards the point of care testing by both the companies and hospitals fuel the growth of the studied market in the region. Europe is expected to follow next by market size because of the significant presence of medical device companies and the old age population across the region.

Blood Gas and Electrolyte Analyzer Market - Growth Rate by Region - Image

Competitive Landscape

The companies in this market have advanced in providing analyzer with display monitors to monitor the patients before electronically transferring them for permanent record within information management systems. Some of the major players active in this market include Abbott laboratories, F Hoffman La Roche Ltd, Siemens Healthineers, Medica Corporation, Danaher Corporation, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Number of Patients in Emergency Units of Hospitals

      2. 4.2.2 Technological Advacements in Blood Gas and Electrolyte Analyzers

      3. 4.2.3 Increasing Government and Private Sector Participation in Improving Healthcare Facilities

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Analyzers

      2. 4.3.2 Issues Regarding Regulation and Reimbursement

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Modality

      1. 5.1.1 Benchtop

      2. 5.1.2 Portable

    2. 5.2 By Product

      1. 5.2.1 Blood Gas Analyzer

      2. 5.2.2 Electrolyte Analyzer

      3. 5.2.3 Combined Analyzer

      4. 5.2.4 Other products

    3. 5.3 By End User

      1. 5.3.1 Centralized Laboratories

      2. 5.3.2 Point of Care

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 France

        2. 5.4.2.2 Germany

        3. 5.4.2.3 United Kingdom

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Dalko Diagnostics

      3. 6.1.3 Erba Diagnostics

      4. 6.1.4 F Hoffman La Roche Ltd.

      5. 6.1.5 Medica Corporation

      6. 6.1.6 Nova Biomedical

      7. 6.1.7 Siemens Healthineers AG

      8. 6.1.8 Werfen

      9. 6.1.9 Danaher Corporation (Radiometer)

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Blood Gas and Electrolyte Analyzer Market market is studied from 2018 - 2026.

The Blood Gas and Electrolyte Analyzer Market is growing at a CAGR of 5.0% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Abbott Laboratories, Siemens Healthineers, F Hoffman La Roche, Medica Corporation, Danaher Corporation (Radiometer) are the major companies operating in Blood Gas and Electrolyte Analyzer Market.

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