Blood Gas and Electrolyte Analyzer Market
Blood Gas and Electrolyte Analyzer Market Study by Electrolyte Analyzers, Combined Analyzers, Blood Gas Analyzers, and Consumables from 2024 to 2034
Analysis of Blood Gas and Electrolyte Analyzer Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Blood Gas and Electrolyte Analyzer Market Outlook (2024 to 2034)
The global blood gas and electrolyte analyzer market size is forecasted to increase from a valuation of US$ 4.7 billion in 2024 to US$ 7.82 billion by 2034, rising at a CAGR of 5.2% through 2034.
Blood gas and electrolyte analyzers play a crucial role in the treatment and diagnosis of several diseases and hence their demand is projected to increase over the years to come as the prevalence of chronic diseases increases. Rising number of patients being treated in emergency care and intensive care units is expected to prominently favor blood gas and electrolyte analyzer market growth over the years to come. The growing aging population in various countries is also projected to drive the demand for blood gas analyzers through 2034.
Growing medical tourism is also an important driver due to collaborations between healthcare providers and governments. Healthcare facilities that welcome medical tourists focus on advanced diagnostic capabilities to ensure accurate and timely medical diagnosis.
Increasing R&D activities and supportive government initiatives for healthcare infrastructure development are projected to further strengthen the growth of the market through 2034. The complexity in the interpretation of data generated by these blood gas analyzers and their high costs are projected to have a restraining effect on the blood gas and electrolyte analyzer market.
| Report Attributes | Details |
|---|---|
| Blood Gas and Electrolyte Analyzer Market Size (2024E) | US$ 4.7 Billion |
| Projected Market Value (2034F) | US$ 7.82 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.2% CAGR |
| China Market Value (2034F) | US$ 757.9 Million |
| Canada Market Growth Rate (2024 to 2034) | 8% CAGR |
| North America Market Share (2024E) | 32.4% |
| East Asia Market Value (2034F) | US$ 1.42 Billion |
| Key Companies Profiled |
|
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What is Contributing to Expansion of the Blood Gas and Electrolyte Analyzer Market Size?
“Rising Prevalence of Blood Disorders and Chronic Illnesses”
Prevalence of blood disorders and chronic illnesses has increased over the past few years, and this blood gas and electrolyte analyzer market trend is projected to continue across the forecasted period as well. The mentioned factors have resulted in high demand for blood testing and hence are expected to favor sales of blood gas and electrolyte analyzers over the forecasted period.
Diabetes requires continuous blood monitoring, and this is also forecasted to drive market growth. The rising number of diagnostic procedures requiring blood analysis and testing is also projected to positively influence market growth through 2034.
Which Regions are Increasingly Adopting Blood Gas and Electrolyte Analyzers?
“Increasing Healthcare Expenditure in North America and East Asia”
North America is projected to be a highly rewarding market for blood gas and electrolyte analyzer providers owing to the presence of well-developed healthcare infrastructure and favorable reimbursement policies. The region is projected to witness high demand for products such as arterial blood gas machines, electrolyte analyzer machines, and blood oxygen analyzers.
Unmet healthcare needs in the East Asia region are projected to drive the demand for blood gas and electrolyte analyzers in this region across the forecasted period. Increasing investments in healthcare infrastructure development, rising healthcare spending, and the growing availability of portable blood gas and electrolyte analyzers are other factors that are expected to drive the blood gas and electrolyte analyzer market growth in this region through 2034.
China is poised to be at the forefront of market growth in the East Asia region from 2024 to 203. The increasing aging population in Japan is projected to make it a lucrative market for blood gas and electrolyte analyzers across the forecasted period.
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Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that North America is projected to hold 32.4% of the global market share by 2034. Blood gas and electrolyte analyzer manufacturers have expanded their reach to different parts of the world, including Southeast Asia, Central and South America, and Australia. By doing so, they can efficiently meet the increasing global demand while avoiding reliance on a single supply source.
What Opportunities Await Blood Gas and Electrolyte Analyzer Providers in the United States?
“Adoption of Advanced Diagnostic Techniques Driven by Rising Prevalence of Obesity”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.33 billion |
| Growth Rate (2024 to 2034) | 6.3% CAGR |
| Projected Value (2034F) | US$ 2.45 billion |
Increasing obesity owing to poor lifestyle choices and bad eating habits has resulted in an increased diabetic population in the United States, which is expected to drive the demand for blood gas analyzers over the coming years. The diabetic patient pool and geriatric population are projected to increase over the next few years. This is forecasted to provide rewarding opportunities for market players in the country.
Rising adoption of advanced blood gas and electrolyte analyzers in the United States is motivated by the rising awareness of the benefits of these diagnostic devices among healthcare professionals and facilities. Developed healthcare infrastructure, presence of key companies, high healthcare expenditure, and increasing adoption of advanced blood gas and electrolyte analyzers are other factors that govern market growth in the United States.
Which Key Factors are Driving Market Growth in China?
“Rise in Prevalence of Diabetes and Blood Malignancies”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 364.1 Million |
| Growth Rate (2024 to 2034) | 7.6% CAGR |
| Projected Value (2034F) | US$ 757.9 Million |
China accounts for 43.5% of the blood gas and electrolyte analyzer market share in East Asia. As China’s population continues to shift toward urban areas, there is an increased demand for healthcare services. Urbanization leads to lifestyle changes such as including unhealthy eating habits, which contribute to health issues. Blood gas and electrolyte analyzers play a crucial role in diagnosing and monitoring patients, thus driving market growth. China’s aging population is a significant driver. The elderly require constant monitoring of crucial signs, leading to a higher demand for blood gas and electrolyte analyzers.
Advancements in blood gas analyzer technology have improved point-of-care testing. These analyzers offer benefits for critical care patients by enabling rapid and accurate measurements of electrolytes, pH, and metabolites. The market is projected to expand as healthcare facilities adopt these innovations. Chronic diseases such as diabetes and blood malignancies are on the rise in China. Blood gas and electrolyte analyzers aid in managing these conditions effectively. Healthcare providers rely on these devices for timely diagnosis and treatment adjustments.
Category-wise Insights
Which Product Type is Finding Increased Application in the Healthcare Sector?
“Market Benefitting from Rising Use of Blood Gas Analyzers”
| Attribute | Blood Gas Analyzers |
|---|---|
| Segment Value (2024E) | US$ 1.44 Billion |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 2.38 Billion |
The global market, based on product type, is segmented into electrolyte analyzers, combined analyzers, blood gas analyzers, and consumables. Blood gas analyzers have been crucial in the diagnosis and treatment of several diseases, and their expanding scope of application in the healthcare sector is projected to drive their demand across the forecasted period. Blood gas analyzers are projected to account for a significant market share by 2034. The combined analyzers segment is also projected to generate rewarding growth opportunities for blood gas analyzer manufacturers through 2034.
Why Do Diagnostic Centers Account for a Leading Market Share?
“High Need for Early Diagnosis in Treating Chronic Diseases”
| Attribute | Diagnostic Centers |
|---|---|
| Segment Value (2024E) | US$ 2.27 Billion |
| Growth Rate (2024 to 2034) | 5.3% CAGR |
| Projected Value (2034F) | US$ 3.8 Billion |
In the rapidly evolving healthcare sector, diagnostic centers have emerged as the leading end-users in the blood gas and electrolyte analyzer market. These centers are equipped with advanced medical devices such as blood gas and electrolyte analyzers to provide accurate and timely results. The increasing prevalence of chronic diseases, coupled with the growing need for early diagnosis and treatment has significantly contributed to the high market share of diagnostic centers.
Rising demand for integrated systems and point-of-care testing in these centers has further propelled their dominance in the market. This is the reason why diagnostic centers account for a leading share of the blood gas & electrolyte analyzer market.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
Market growth is being driven by several factors, including rising awareness about advanced diagnostic procedures, technological advancements, and global economic conditions. Key players in the blood gas and electrolyte analyzer market are Siemens Healthcare, Werfen, Erba Mannheim, Sensa Core, Roche Diagnostics, Nova Biomedical, Medica Corporation, and Alere Inc.
- In 2022, a significant milestone was achieved by Sysmex America Inc., a prominent player in the field of diagnostic solutions. The United States FDA granted clearance for a new feature to be added to the company’s N-10 Automated Hematology Analyzer with Blood Bank mode. This marked the first instance of an automated analyzer receiving clearance for counting residual WBCs.
Key Segments of Blood Gas & Electrolyte Market Research
-
By Product Type :
- Electrolyte Analyzers
- Combined Analyzers
- Blood Gas Analyzers
- Consumables
-
By Modality :
- Portable
- Benchtop
- Laboratory
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By End User :
- Point-of-Care
- Diagnostic Centers
- Clinical laboratories
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By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
How big is the blood gas and electrolyte analyzer market in 2024?
The global blood gas and electrolyte analyzer market is estimated at US$ 4.7 billion in 2024.
Which end user accounts for a leading market share?
Diagnostic centers enjoy a leading market share of 48.3% in 2024.
What is the projected market value for blood gas and electrolyte analyzers by 2034?
Projected sales value of blood gas and electrolyte analyzers by 2034 is US$ 7.82 billion.
What is the forecasted market growth rate through 2034?
The market has been projected to expand at 5.2% CAGR through 2034.
What are the projections for the market in North America?
The market in North America has been forecasted to expand at 6.6% CAGR.
At what rate is the market estimated to expand in East Asia?
The market in East Asia is estimated to advance at a CAGR of 5.4% from 2024 to 2034.
What are the forecasts for blood gas and electrolyte analyzers in South Korea?
The market in South Korea is estimated to progress at 5.8% CAGR through 2034.
Blood Gas and Electrolyte Analyzer Market
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