Blood Gas and Electrolyte Analyzer Market : larger menus and new features
According to a new
market report published by Transparency Market Research “Blood
Gas and Electrolyte Analyzer Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2015 - 2023”, global blood gas and
electrolyte analyzer market was valued at US$1.44 Bn in 2014 and is projected
to reach US$3.48 Bn in 2023 at a CAGR of 9.66 % from 2015 to 2023
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Blood gas and electrolyte analyzers are gaining popularity as the most versatile diagnostic devices globally. Diagnosis results from these devices, in combination with other tests have helped in accurate diagnosis of various chronic conditions such as asthma, chronic obstructive pulmonary disease (COPD), kidney failure, heart failure, uncontrolled diabetes, severe infections, and drug overdose.
Currently,
the market for analyzers with narrow analysis profile is in early maturity
phase, and is being gradually replaced by devices with wider analyte profile.
Although demand for handheld blood gas and electrolyte analyzers is increasing
rapidly, these devices would not completely replace traditional table-top
analyzers. Combination blood gas and electrolyte analyzer market was estimated
to be the fastest growing market segment, and also accounted for largest market
share in 2014.
Leading players are trying to expand the scope
of application of blood gas and electrolyte analyzers through constant
innovation. In April 2015, Abbott Point of Care, Inc. received the U.S. FDA
clearance for i-STAT Total β-HCG test. The blood analyzer helps detection of
human chorionic gonadotropin (hCG) hormone that helps determine pregnancy
within 10 minutes. Nova Biomedical’s blood gas analyzer Stat Profile Prime
received the U.S. FDA clearance in June 2015. Radiometer also launched advanced
ABL90 FLEX PLUS blood gas analyzer, capable of testing extremely small volume
blood samples. Consistent product developments has kept the market in constant
flux. However, this has also led to shorter life cycles of older products.
New
technology blood gas and electrolyte analyzers are also armed with wireless
connectivity for integration with other hospital management software. This has
helped in minimizing errors and save time and efforts. Discovery of novel
biomarkers is expected to further expand the scope of application of blood gas
analyzers in the near future. Simplified operation enabling non-medical
personnel to perform critical diagnosis in shortest possible time is another
factor driving the global blood gas and electrolyte market.
Key
players in the market include Abbott Point of Care Inc., Alere, Inc., Erba
Mannheim, Instrumentation Laboratory, Medica Corporation, Nova Biomedical,
Radiometer Medical ApS, Roche Diagnostics, and Siemens Healthcare.
Global Blood gas and electrolyte analyzer market has been segmented as below:
•Global
Blood Gas and Electrolyte Analyzer Market Revenue, by Device Type,
oBlood
Gas Analyzer
oElectrolyte
Analyzer
oCombination
Analyzer
oConsumables
(Cartridges, Electrolytes and Electrodes)
•Global
Blood Gas and Electrolyte Analyzer Market Revenue, by Geography,
oNorth
America
North
America Market, by Device Type
Blood
Gas Analyzer
Electrolyte
Analyzer
Combination
Analyzer
Consumables
(Electrolytes and Electrodes)
North
America Market, by Country
U.S.
Canada
oEurope
Europe
Market, by Device Type
Blood
Gas Analyzer
Electrolyte
Analyzer
Combination
Analyzer
Consumables
(Cartridges, Electrolytes and Electrodes)
Europe
Market, by Country
U.K.
Germany
Rest
of Europe
oAsia
Pacific
Asia
Pacific Market, by Device Type
Blood
Gas Analyzer
Electrolyte
Analyzer
Combination
Analyzer
Consumables
(Cartridges, Electrolytes and Electrodes)
Asia
Pacific Market, by Country
Japan
China
Rest
of Asia Pacific
oRest
of the World
Rest
of the World Market, by Device Type
Blood
Gas Analyzer
Electrolyte
Analyzer
Combination
Analyzer
Consumables
(Cartridges, Electrolytes and Electrodes)
Rest
of the World Market, by Geography, 2013 – 2023 (USD Million)
Middle
East
Africa
Latin
America
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