Blood Gas and Electrolyte Analyzers Market Size, Share & Trends Analysis Report by Product (Benchtop and Portable), By Application (Blood gas analyzers, Electrolyte analyzers and Combined analyzers), By End-use (Clinical laboratories and Point-of-care) and By Geography (EU, NA, APAC, LATAM, and MEA) – Analysis, Size, Share, Trends, & Forecast from 2021-2027
REPORT HIGHLIGHT
The global blood gas and electrolyte analyzers market was valued at USD 3.91 billion by 2019, growing with 7.6% CAGR during the forecast period, 2021-2027.
Blood gas analyzers and electrolyte analyzers are majorly utilized to measure various parameters of amalgamations of blood gas, pH, metabolites, and electrolytes from whole blood samples. The pH value of serum or plasma and blood is an indicator of the equilibrium between the blood, kidney, and lung. The pCO2 value of arterial blood is usually used to access effective removal of CO2 from the human body. While a by-product of metabolism, the pO2 value is the measure of O2 absorbance by the lungs' human body.
Market Dynamics
The rising incidence of chronic disorders coupled with scientific advancements is the foremost factor for blood gas and electrolyte analyzers market growth. Moreover, the increasing geriatric population will undoubtedly impact the overall growth as geriatrics are generally prone to cardiogenic shock, cardiopulmonary resuscitation, cardiac arrhythmias, and hypoxemia. Such severe conditions heavily rely on rapid analysis, increasing the blood gas and electrolyte analyzers market demand. Besides, the growing adoption of high throughput and integrated systems in central labs, point-of-care (POC) diagnostics will foster industry growth.
Adopting unhealthy diets combined with lifestyle habits such as alcohol and smoking consumption are the chief factors for the greater incidence of chronic diseases, consequently driving the business. The rising focus of industry players on providing advanced consumables and blood gas and electrolyte analyzers will boost development. Such innovative technology and a considerable surge in research and development for new techniques will boost blood gas and electrolyte analysis market growth in the forecast period. Nevertheless, a stringent regulatory landscape and the high cost of advanced analyzers may hinder growth over the analysis period.
Product Takeaway
The global business is classified into benchtop and portable based on product. The portable analyzers segment accounted for the lion's share in the blood gas and electrolyte analyzers market in terms of both volume and value in 2019 and is projected to grow at a notable CAGR during the analysis period as it can render instant results and a quicker turnaround time. Rising demand for POC (point-of-care) blood gas and electrolyte analyzers is one of the foremost reasons for their constant supremacy.
The benchtop is likely to be the fastest-growing segment over the forecast years. Its growth is accredited because genetic evaluation is done for almost every patient in critical care units and emergency departments in hospitals. These analyzers deliver various benefits such as a broad test menu, individual biosensor technology, and lesser cost of operation. Such benefits will boost in mounting the growth.
Application Takeaway
The worldwide industry is categorized into plat blood gas analyzers, electrolyte analyzers, and combined analyzers in terms of application. The blood gas analyzers segment is likely to dominate the blood gas and electrolyte analyzers market growth shortly. A rise in the number of patients being treated in NICUs, ICUs, and emergency divisions would further hasten the growth.
The combination of blood gas analyzers with laboratory information systems and electronic medical records provides excellent potential for business expansion. Such integrated systems not only allow actual monitoring of patient's health but also rationalize the workflow. Similarly, the rising demand for miniaturization of POC blood gas analyzers and technology-integrated combined systems are predictable to deliver growth opportunities in the analysis period.
End-Use Takeaway
The global business is classified into clinical laboratories and point-of-care based on end-use. The point-of-care segment accounted for a remarkable share in the market in terms of both volume and value in 2019 and is expected to grow at a special growth rate by 2027. Factors such as R&D expenditure and new entrants & ventures, a rising number of diagnostic centers contribute to the growth of this segment. Diagnostic centers are equipped with technologically advanced infrastructure and the ICU's equipment, including various analyzers. Moreover, these analyzers' applications in measuring several elements and ailment detection such as pH, sodium, and glucose are expected to propel the blood gas and electrolyte analyzers market growth.
Regional Takeaway
Regionally, the overall industry is divided into Europe, North America, Middle East & Africa, Asia Pacific, and Latin America. North America is a substantial market due to ultra-modern healthcare infrastructure and hi-technology for treatment purposes. Growing patient awareness, established healthcare infrastructure, coupled with supportive government initiatives for research and development are few drivers.
On the flip side, Asia Pacific accounts for the fastest-growing segment for the blood gas and electrolyte analyzers market. Improving healthcare access for treatment and increasing consciousness about chronic disorders among the patient populace will intensify industry growth in this region.
COVID-19 Impact
The emergence of the COVID-19 pandemic brought the world together to a standstill. The vast health crisis due to the virus also brought an unusual impact on numerous businesses across every vertical. However, the blood gas and electrolyte analyzers market has seen constant growth owing to the continuous requirement of different analyzers. Nevertheless, the closure of production sites and the impact on global trade have also affected the other side.
Key Vendor Takeaway
The leading players include Siemens, Medica, Roche Diagnostics, Erba Lachema s.r.o., Nova Biomedical, Radiometer Medical, Bayer Healthcare, Edan Instruments, Samsung Medison, and OPTI Medical systems Inc.
The principal players are actively adopting several strategies such as geographical expansion, acquisition, product development of new and efficient technologies, etc., to maintain their position in the market. In July 2017, Siemens acquired Epocal Inc., a leading manufacturer of clinical point of care (POC) diagnostics. This acquisition assisted Siemens to expand its blood gas portfolio in the POC segment.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2021 to 2027
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET KEY PLAYERS
- Siemens
- Medica
- Roche
- Erba
- Nova stat
- Bayer
- Radiometer Medical
- Samsung Medison
- Edan Instruments
- OPTI Medical systems Inc.
GLOBAL BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET, BY PRODUCT TYPES
- Benchtop
- Portable
GLOBAL BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET, BY APPLICATION TYPE
- Blood gas analyzers
- Electrolyte analyzers
- Combined analyzers
GLOBAL BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET, BY END-USE TYPE
- Clinical laboratories
- Point-of-care
GLOBAL BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by End-use
2.1.4. Market Snippet by Region
2.2. Competitive Insights
3. BLOOD GAS AND ELECTROLYTE ANALYZERS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. BLOOD GAS AND ELECTROLYTE ANALYZERS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET LANDSCAPE
6.1. Market Share Analysis, 2019
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET – BY PRODUCT
7.1. Overview
7.1.1. Segment Share Analysis, By Product, 2020 & 2027 (%)
7.2. Benchtop
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
7.3. Portable
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
8. BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET – BY APPLICATION
8.1. Overview
8.1.1. Segment Share Analysis, By Product, 2020 & 2027 (%)
8.2. Blood gas analyzers
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
8.3. Electrolyte analyzers
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
8.4. Combined analyzers
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9. BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET – BY END-USE
9.1. Overview
9.1.1. Segment Share Analysis, By End-use, 2020 & 2027 (%)
9.2. Clinical laboratories
9.2.1. Overview
9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3. Point-of-care
9.3.1. Overview
9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10. BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET– BY GEOGRAPHY
10.1. Introduction
10.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
10.2. North America
10.2.1. Overview
10.2.2. Key Manufacturers in North America
10.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
10.2.4. North America Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.2.5. North America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.2.6. North America Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.2.7. U.S.
10.2.7.1. Overview
10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.2.7.3. U.S. Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.2.7.4. U.S. Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.2.7.5. U.S. Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.2.8. Canada
10.2.8.1. Overview
10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.2.8.3. Canada Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.2.8.4. Canada Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.2.8.5. Canada Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.3. Europe
10.3.1. Overview
10.3.2. Key Manufacturers in North America
10.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
10.3.4. Europe Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.3.5. Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.3.6. Europe Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.3.7. Germany
10.3.7.1. Overview
10.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.3.7.3. Germany Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.3.7.4. Germany Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.3.7.5. Germany Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.3.8. Italy
10.3.8.1. Overview
10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.3.8.3. Italy Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.3.8.4. Italy Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.3.8.5. Italy Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.3.9. United Kingdom
10.3.9.1. Overview
10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.3.9.3. United Kingdom Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.3.9.4. United Kingdom Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.3.9.5. United Kingdom Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.3.10. France
10.3.10.1. Overview
10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.3.10.3. France Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.3.10.4. France Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.3.10.5. France Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.3.11. Rest of Europe
10.3.11.1. Overview
10.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.3.11.3. Rest of the Europe Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.3.11.4. Rest of the Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.3.11.5. Rest of the Europe Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.4. Asia Pacific (APAC)
10.4.1. Overview
10.4.2. Key Manufacturers in Asia Pacific
10.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
10.4.4. Asia Pacific Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.4.6. Asia Pacific Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.4.7. India
10.4.7.1. Overview
10.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.4.7.3. India Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.4.7.4. India Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.4.7.5. India Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.4.8. China
10.4.8.1. Overview
10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.4.8.3. China Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.4.8.4. China Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.4.8.5. China Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.4.9. Japan
10.4.9.1. Overview
10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.4.9.3. Japan Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.4.9.4. Japan Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.4.9.5. Japan Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.4.10. South Korea
10.4.10.1. Overview
10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.4.10.3. South Korea Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.4.10.4. South Korea Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.4.10.5. South Korea Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.4.11. Rest of APAC
10.4.11.1. Overview
10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.4.11.3. Rest of APAC Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.4.11.4. Rest of APAC Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.4.11.5. Rest of APAC Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.5. Latin America
10.5.1. Overview
10.5.2. Key Manufacturers in Latin America
10.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
10.5.4. Latin America Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.5.5. Latin America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.5.6. Latin America Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.5.7. Brazil
10.5.7.1. Overview
10.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.5.7.3. Brazil Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.5.7.4. Brazil Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.5.7.5. Brazil Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.5.8. Mexico
10.5.8.1. Overview
10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.5.8.3. Mexico Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.5.8.4. Mexico Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.5.8.5. Mexico Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.5.9. Argentina
10.5.9.1. Overview
10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.5.9.3. Argentina Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.5.9.4. Argentina Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.5.9.5. Argentina Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
1.1.1. Rest of LATAM
10.5.9.6. Overview
10.5.9.7. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.5.9.8. Rest of LATAM Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.5.9.9. Rest of LATAM Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.5.9.10. Rest of LATAM Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.6. Middle East and Africa
10.6.1. Overview
10.6.2. Key Manufacturers in Middle East and Africa
10.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
10.6.4. Middle East and Africa Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.6.6. Middle East and Africa Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.6.7. Saudi Arabia
10.6.7.1. Overview
10.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.6.7.3. Saudi Arabia Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.6.7.4. Saudi Arabia Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.6.7.5. Saudi Arabia Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
10.6.8. United Arab Emirates
10.6.8.1. Overview
10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
10.6.8.3. United Arab Emirates Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
10.6.8.4. United Arab Emirates Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10.6.8.5. United Arab Emirates Market Size and Forecast, By End-use, 2016 - 2027 (US$ Million)
11. KEY VENDOR ANALYSIS
11.1. Competitive Dashboard
11.2. Company Profiles
11.2.1. Siemens
11.2.1.1. Company Snapshot
11.2.1.2. Financial Performance
11.2.1.3. Product Benchmarking
11.2.1.4. Strategic Initiatives
11.2.2. Medica
11.2.3. Roche
11.2.4. Erba
11.2.5. Nova stat
11.2.6. Bayer
11.2.7. Radiometer Medical
11.2.8. Samsung Medison
11.2.9. Edan Instruments
11.2.10. OPTI Medical systems Inc.
12. 360 DEGREE ANALYSTVIEW
13. APPENDIX
13.1. Research Methodology
13.2. References
13.3. Abbreviations
13.4. Disclaimer
13.5. Contact Us
