Blood Gas and Electrolyte Analyzer Market to Surge at 9.66% 2015-2023 as Innovation Takes Lead
The main purpose of blood gas analyzers is to measure the partial pressure of oxygen and carbon dioxide in a patient’s body. This is done by drawing out a small amount of blood from the radial artery close to the wrist. On the other hand, electrolyte analyzers measure the concentration of elements in such as potassium, calcium, and sodium among others. When these instruments are used in combination with a few other diagnostic tools, they help in the accurate diagnosis of dangerous conditions such as severe infections, uncontrolled diabetes, heart failure, kidney failure, chronic obstructive pulmonary disease (COPD), and drug overdose.
The global blood gas and electrolyte analyzer market is segmented on the basis of type of device and geography. The types of devices available in this market are electrolyte analyzer, blood gas analyzer, combination analyzer, and consumables such as electrolytes and electrodes and cartridges. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.
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Players are trying to integrate wireless connectivity features in new-age blood gas and electrolyte analyzers with hospital management software to minimize the risk of human error and to save time. Analysts state that the increasing investment in the discovery of novel biomarkers will fuel the sales of blood gas analyzers by opening up new opportunities for their applications. Furthermore, the global blood gas and electrolyte market will also thrive on the fact that these devices enable laypersons to perform diagnosis in the quickest way possible.
The real growth of this market is perched on the fulcrum of innovation. For instance, the U.S. FDA approved i-STAT Total β-HCG test designed by Abbott Point of Care, Inc. that determines the presence of the human chorionic gonadotropin (hCG) hormone signifying pregnancy within few minutes. An improved version of the ABL90 FLEX PLUS blood gas analyzer was launched by Radiometer; it tests exceptionally small amount of blood samples. Constant improvements and advancements to these diagnostics techniques and products are likely to change the game for this market in the coming years.
Some of the key players in the global blood gas and electrolyte analyzer market are Roche Diagnostics, Abbott Point of Care Inc., Erba Mannheim, Alere, Inc., Instrumentation Laboratory, Nova Biomedical, Radiometer Medical ApS, Siemens Healthcare, and Medica Corporation. The research provides a competitive profiling of these players to explain the vendor landscape. Additionally, the report also includes an assessment of the research and development strategies, financial overview, investment outlook, and expansion plans of these companies.
Global Blood gas and electrolyte analyzer market has been segmented as below:
Global Blood Gas and Electrolyte Analyzer Market Revenue, by Device Type
Blood Gas Analyzer
Consumables (Cartridges, Electrolytes and Electrodes)
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