Blood Gas and Electrolyte Analyzers Market Analysis, By Product Type (Electrolyte Analyzers, Blood Gas Analyzers, Combined Analyzers, Consumables), By Modality (Portable, Benchtop, Laboratory), By End User (Point-of-care, Clinical Laboratories) - Global Market Insights 2022 to 2030

Blood Gas and Electrolyte Analyzers Market Outlook (2022-2030)

This new Fact.MR survey projects worldwide blood gas and electrolyte analyzer shipments to increase at a CAGR of 5.6% from 2022 to 2030. Currently, the global blood gas and electrolyte analyzers market accounts for a valuation of US$ 4.2 billion and is projected to surge to US$ 6.5 billion by the end of 2032.

Radiometer blood gas analyzers, Diestro electrolyte analyzers, and Caretium electrolyte analyzers are popular products available in the marketplace. Portable blood gas analyzers are projected to witness an increase in demand at a CAGR of around 5% through 2030.

Blood Gas and Electrolyte Analyzer Sales Analysis (2017-2021) in Comparison to Market Forecasts (2022-2030)

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 analyzers market growth over the years to come. The growing aging population in various countries is also anticipated to uplift the demand for blood gas analyzer equipment through 2030.

Increasing medical tourism is also expected to propel the blood gas and electrolyte analyzers market growth across the forecast period. Increasing R&D activities and supportive government initiatives for healthcare infrastructure development are projected to further bolster blood gas and electrolyte analyzers market growth throughout the forecast period.

However, the complexity in the interpretation of data generated by these blood gas analyzers and their high costs are expected to have a restraining effect on the overall blood gas and electrolyte analyzers market growth.

The blood gas and electrolyte analyzers market is predicted to expand at a CAGR of 5.6% through 2030.

What’s Augmenting Blood Gas and Electrolyte Analyzers Market Growth?

“Rising Incidence of Diabetes & Blood Disorders across the World”

The prevalence of blood disorders and chronic illnesses has increased over the past few years and this trend is projected to be rife across the forecast period as well.

The aforementioned factors have resulted in high demand for blood testing and hence are expected to favor sales of blood gas and electrolyte analyzers over the next eight years.

Diabetes requires continuous blood monitoring and this is also anticipated to drive the blood gas and electrolyte analyzers market potential. The rising number of diagnostic procedures requiring blood analysis and testing are also projected to positively influence blood gas and electrolyte analyzers market potential through 2030.

“Growing Global Geriatric Population”

The aging population is more at risk of contracting infectious diseases and they require continuous monitoring of their vital signs while treatment to avoid any health complications.

Increasing incidence of blood cancers, diabetes, and other blood-related disorders in the aging population is also expected to drive demand for electrolyte machines, blood glucose analyzers, and other blood gas analyzer equipment through 2030.

Which Region Should Blood Gas and Electrolyte Analyzer Companies Invest In?

“North America Leads Global Blood Gas and Electrolyte Analyzers Market Revenue Generation Capacity”

North America is projected to be a highly rewarding market for blood gas and electrolyte analyzers owing to the presence of developed healthcare infrastructure and favorable reimbursement policies. The region is expected to witness high demand for products such as arterial blood gas machines, electrolyte analyzer machines, blood oxygen analyzers, etc.

High healthcare expenditure and rapid adoption of advanced technologies are expected to provide highly rewarding opportunities for blood gas and electrolyte analyzer companies in this region.

Europe blood gas and electrolyte analyzers market is projected to account for a notable market share over the next eight years and this is expected to be driven by the rising aging population in this region along with the growing prevalence of chronic diseases. The rising use of point-of-care diagnostics is also expected to favor blood gas and electrolyte analyzers market growth in this region through 2030.

Germany, Italy, Spain, France, and the United Kingdom are expected to be prime markets that blood gas and electrolyte analyzer manufacturers will focus on over the years to come.

Unmet healthcare needs in the Asia Pacific region are expected to propel the demand for blood gas and electrolyte analyzers in this region across the forecast 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 could drive blood gas and electrolyte analyzers market growth in this region through 2030.

Populous countries of India and China are anticipated to be at the forefront of blood gas and electrolyte analyzers market growth in the APAC region over the next eight years.

The increasing aging population in Japan is expected to make it a lucrative market for blood gas and electrolyte analyzers across the forecast period.

A detailed regional assessment has been provided in this latest blood gas and electrolyte analyzers market survey by analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

What Opportunities Does the U.S. Market Offer?

“Rising Incidence of Diabetes & Aging Population”

Increasing obesity owing to poor lifestyle choices and bad eating habits has resulted in an increased diabetic population in the U.S. which, is expected to drive the demand for blood gas analyzers over the coming years.

The diabetic patient pool and geriatric population are expected to increase over the next few years and this is expected to provide rewarding opportunities for blood gas and electrolyte analyzers market players in this region.

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 blood gas and electrolyte analyzers market growth in the country.

Category-wise Insights

Which Product Type Will Head Revenue Generation Potential?

“Sales of Blood Gas Analyzers to Drive High Market Growth”

The global blood gas and electrolyte analyzers 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 rising scope of application in the healthcare industry is expected to bolster their demand across the forecast period. The blood gas analyzers segment is projected to account for a significant market share over the next eight years.

The combined analyzers segment is also expected to exhibit rewarding growth opportunities for blood gas analyzer manufacturers through 2030.

How Will Sales of Portable Blood Gas Analyzers Fare?

“Portable Blood Gas and Electrolyte Analyzers to Witness Hike in Demand”

The blood gas and electrolyte analyzers market based on modality is bifurcated into portable, benchtop, and laboratory.

Technological advancements have led to the development of advanced medical equipment and this trend is common in the blood gas and electrolyte analyzers market as well. Portable blood gas analyzers are expected to be high in demand owing to their increased efficacy, affordability, and ease of use.

The portable segment is projected to expand at a CAGR of around 5% throughout the forecast period.

An increasing number of companies working on research and development of new portable blood gas and electrolyte analyzers is also expected to favor the growth in the portable segment through 2030.

Competitive Landscape :

Blood gas and electrolyte analyzer manufacturers are expected to focus on the development and launch of new advanced products to gain a competitive edge over other market players and strengthen their market presence.

• In July 2022, EDAN Instruments Inc., an organization dedicated to providing quality medical products, announced the launch of a new blood gas analysis system. i20 is a new POC (Point-of-Care) fluorescence-based CO-OX blood gas and chemistry analysis solution designed to relieve the burden from intensive care units (ICUs), operating rooms, etc.

Blood gas analyzer suppliers are also focusing on obtaining new approvals for the commercialization of their novel offerings.

• In June 2022, Sysmex America Inc., a leading name in the diagnostics solutions marketplace, received FDA clearance for the addition of a new feature to its N-10 Automated Hematology Analyzer with Blood Bank mode. This is the first automated analyzer to be cleared for residual WBC counting.

Key Segments of Blood Gas and Electrolyte Analyzers Industry Research

• By Product Type :

  • Electrolyte Analyzers
  • Combined Analyzers
  • Blood Gas Analyzers
  • Consumables

• By Modality :

  • Portable
  • Benchtop
  • Laboratory

• By End User :

  • Point-of-care
  • Diagnostic Centers
  • Clinical Laboratories
  • Other End Users

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA