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Blood Gas And Electrolytes Analyzers Market To Reach Worth US$ 791.7 Mn By 2025

The purpose of the report is to illustrate the state of the market of Blood Gas And Electrolytes Analyzers, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

The blood gas and electrolytes analyzers market is characterized by perpetual product improvements and innovations, which has become a key factor contributing to the growth of this market. Technological advancements in the nature of analyzers has led to development of innovative devices such as evolution from benchtop analyzers to the current availability of portable point-of-care devices. The modern point-of-care devices offer rapid arterial blood gas analysis at the patient location at the shortest turnaround time. The requirement for augmented test menus is further integrating functionalities of both blood electrolyte and blood gas analysis in order to offer multiple testing of creatinine, electrolytes, bilirubin, nitrogen, etc. from a single sample.

Growing number of patients in need of critical care and high demand for blood gas testing, and increasing demand for point-of-care testing in the light of containing healthcare expenditure are some of the key driving factors allowing growth of the blood gas and electrolytes analyzers market. Between benchtop and portable analyzers, the later segment is observed to be the fastest growing segment due to augmented demand for portable multi-parameter monitoring systems, rise in geriatric population, miniaturization of devices and convenience in use are the key growth facilitators to this segment.

Between hospitals laboratories and point-of-care locations, hospitals currently have the largest market share in the global blood gas and electrolytes analyzers market. Need for performing large volume of diagnostics being performed in central laboratories and is the key growth driver for this segment. On the other hand, point-of-care testing is anticipated to progress at the fastest growth rate during the forecast period on the ground of growing urge to minimize hospital stays in order to attain optimum treatment cost containment and reduce overall healthcare expenditure. In addition, among the application types, hybrid blood gas and electrolytes analyzes experience the highest demand across all usage areas and regions. The segment is also expected to experience faster growth rate that solo blood gas analyzers and blood electrolytes analyzers.

Based on geographical distribution, North America (comprising the U.S. and Canada) is the largest regional market for blood gas and electrolytes analyzers. Presence of evolved healthcare infrastructure, better awareness in both patients and care givers, high government funding and favorable reimbursement system are the key drivers allowing the dominance of North America in the market. Additionally, Asia Pacific is observed to the fastest progressing regional market for blood gas and electrolytes analyzers during the forecast period. Presence of high unmet needs, rapid improvement of healthcare infrastructure and rising healthcare expenditure majorly support the growth of this region.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Blood Gas And Electrolytes Analyzers buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Blood Gas And Electrolytes Analyzers contains:

Analysis and forecast of Blood Gas And Electrolytes Analyzers market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Blood Gas And Electrolytes Analyzers market;

Assessment and forecast of Blood Gas And Electrolytes Analyzers market development;

Financial and business profiles of the leading companies in the Blood Gas And Electrolytes Analyzers industry.

Scope

– Up to date working Blood Gas And Electrolytes Analyzers data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Blood Gas And Electrolytes Analyzers for the period 2018 to 2026

– Planned Blood Gas And Electrolytes Analyzers additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Blood Gas And Electrolytes Analyzers projects by region, key countries, and companies

– Details of major planned Blood Gas And Electrolytes Analyzers projects in the world up to 2026

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