Understanding the Blood Gas and Electrolyte Analyzers Market’s Growth Prospects from 2024 to 2033
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
2024-2033 Forecast: What is the Projected Growth Rate for the Blood Gas and Electrolyte Analyzers Market?
The market for blood gas and electrolyte analyzers has experienced robust expansion in the past couple of years. The market is set to grow from $3.26 billion in 2023 to $3.52 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this growth during the historic period include rapid urbanization, the rising number of patients in emergency units of hospitals, enhancements in diagnostic center infrastructure, elevated income and living standards, increased spending on healthcare, an ageing population, and the growing prevalence of obesity.
Expectations for the blood gas and electrolyte analyzers market predict considerable expansion in the forthcoming years. The market is projected to attain $4.86 billion by 2028, correlating to a compound annual growth rate (CAGR) of 8.4%. Factors such as increasing government interventions, rising population of patients in critical care units and intensive care units (ICU), enhanced medical tourism, and the escalation in chronic diseases contribute to this expected growth. Key trends within this forecast period encompass technological progression, product evolution, digital blood gas analyzers, automated blood gas analyzers, the incorporation of venous blood gas values, and complete blood count (CBC) diagnostic technology.
Claim Your Free Sample of the Global Blood Gas and Electrolyte Analyzers Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=6098&type=smp
What Are the Main Drivers Behind the Growth of the blood gas and electrolyte analyzers Market?
The growth of the blood gas and electrolyte analyzers market is attributed to the rise in patient numbers demanding more blood sample testing. Blood testing plays a crucial role in a range of diagnostic procedures such as checking cholesterol and blood glucose levels. These tests are instrumental in maintaining a keen watch on diseases such as heart disease, vascular disease, and diabetes, and also, in monitoring the treatment’s effectiveness. Data from 2021 indicates that 40% of the 118.5 million blood donations made globally were collected in high-income countries, which comprise only 16% of the world’s population. In lower-income countries, children under the age of five are the primary recipients of blood transfusions, making up to 54% of them, while in high-income countries, over 60% of all transfusions go to patients over 60 years old, contributing up to 75%. Therefore, the escalation in the number of patients is enhancing the demand for blood sample testing, fueling the blood gas and electrolyte analyzers market’s growth.
What Are the Primary Segments of the Blood Gas and Electrolyte Analyzers Market?
1) By Product: Blood Gas Analyzers, Electrolyte Analyzers, Combined Analyzers, Consumables
2) By Modality: Portable, Laboratory, Benchtop
3) By End User: Central Laboratories, Point Of Care, Diagnostic Centers, Hospitals, Other End Users
Which Trends Are Revolutionizing the Blood Gas and Electrolyte Analyzers Market?
The rise of technology is a prominent trend gaining traction in the blood gas and electrolyte analyzers market. Companies at the forefront of the market are concentrating on cultivating new technological solutions to reinforce their standing. For example, an India-based firm named Sensa Core, which specializes in blood gas and electrolyte analyzers, launched the ST-200 CC Blood Gas Analyzer-Ultra Smart in September 2021. This advanced model was released to hospitals, clinics, and diagnostic centers throughout the company’s Indian network. The ST-200 CC Ultra Smart ABGEM blood gas analyzer from Sensa Core is a state-of-the-art, fully automated electrolyte system with ION selective electrode (ISE), Impedance (Hct), and Amperometry (pO2) technology. It excels in arterial blood gas analysis and electrolyte measurements. The analyzer can measure a diverse range of parameters such as Sodium, Potassium, Ionized Calcium, Lithium, Potential of Hydrogen, Chloride, Partial Pressure of Carbon Dioxide, Partial Pressure of Oxygen, Hematocrit Test, and other calculated parameters. The ultra-smart ABGEM blood gas analyzer model provides 27 different results. Additionally, it is equipped with an internal barcode scanner and an external interface that can connect with a keyboard and mouse.
Order Now for Fast Delivery of Your Blood Gas and Electrolyte Analyzers Market Report!
Which Geographical Regions Are Pioneering Growth in the Blood Gas and Electrolyte Analyzers Market?
North America was the largest region in the blood gas and electrolyte analyzers market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the blood gas and electrolyte analyzers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Blood Gas and Electrolyte Analyzers Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the blood gas and electrolyte analyzers market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Blood Gas and Electrolyte Analyzers Market Include
1. Blood Gas and Electrolyte Analyzers Market Executive Summary
2. Blood Gas and Electrolyte Analyzers Market Segments
3. Blood Gas and Electrolyte Analyzers Market Size And Template Market Growth Rate
4. Key Blood Gas and Electrolyte Analyzers Market Trends
5. Major Blood Gas and Electrolyte Analyzers Market Drivers
……
25. Key Mergers And Acquisitions In The Blood Gas and Electrolyte Analyzers Market
26. Top Blood Gas and Electrolyte Analyzers Companies
27. Blood Gas and Electrolyte Analyzers Market Opportunities And Strategies
28. Blood Gas and Electrolyte Analyzers Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Banking, Financial Services and Insurance (BFSI) Security Global Market Report 2024
Non-fungible Token Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/non-fungible-token-global-market-report
Insurtech Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/insurtech-global-market-report
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
