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(Medical-NewsWire.com, June 11, 2018 ) Global blood gas analyzers market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024
Market Outline: Blood Gas Analyzers Market
Blood gas analyzers are the analytical instruments that are used in measuring the blood gas (pCO2 and pO2), electrolytes, metabolites, and the combinations of pH from the blood samples. The conservation of blood is the major initiative in the clinical diagnostic lab, which need an accurate blood gas analyzer that can streamline the process of work and help in reduction of the errors with minimal maintenance. Blood gas analyzers are available in a lightweight and in small footprint design. Most models offer simple replacement of the solutions for the analysis such as solution packs and sensor cassettes. There are certain unique features to some of the blood gas analyzers such as liquid calibration which replaces previously required regulators, humidifiers, tubing lines and gas tanks.
Market Dynamics: Blood Gas Analyzers Market
Increase in the prevalence of chronic diseases is the key factor driving the growth of the blood gas analyzers market. The increasing geriatric population, improving healthcare infrastructure are driving the growth of the blood gas analyzers market. The real-time diagnosis of the disease helps in speeding up the treatment of the patient, which would help in reduction of the death rate in severe cases. The innovative techniques are helping in the development of the instrument which has resulted in the development of the novel devices such as bench-top devices to compact and handheld devices, which is boosting the growth of the blood gas analyzers market.
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Market Scope: Blood Gas Analyzers Market
Blood gas analyzers market is segmented on the basis of modality, product, and end user.
Based on the modality, the market is segmented into the following:
• Portable
• Benchtop
• Laboratory
Based on the product type, the market is segmented into the following:
• Blood Gas Analyzers
• Combined Analyzers
• Electrolyte Analyzers
Based on the end user, the market is segmented into the following:
• Hospitals
• Clinics
• Ambulatory Surgical Centers (ASC)
• Others
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Regional Analysis: Blood Gas Analyzers Market
Geographically, global blood gas analyzers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America blood gas analyzers market is growing due to its deep-rooted healthcare infrastructure. The advancements in the technology is also a factor influencing the growth of the blood gas analyzers market in this region. The increasing awareness among the patient population is also driving the growth of the market in this region. The presence of the leading manufacturers of the blood gas analyzers and adoption of the modern treatment procedures are responsible for the growth of the market in this region. The Asia Pacific region is expected to grow at significant rate over the forecast period owing to its rising patient pool and advances in healthcare infrastructure.
Competition Assessment: Blood Gas Analyzers Market
Some of the players in the global blood gas analyzers market include:
• Siemens AG (Germany)
• Alere, Inc. (U.S)
• Medica Corporation (U.S)
• Radiometer Medical Aps (A Subsidiary of Danaher Corporation) (Denmark)
• ERBA Diagnostics Mannheim GmbH (Germany)
• Instrumentation Laboratory (A Werfen Company) (U.S)
Notable Market Developments: Blood Gas Analyzers Market
• In April 2017, Radiometer launched the advanced ABL90 FLEX PLUS blood gas analyzer in Canada
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Key Features of the Report:
• The report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)
• The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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