According to a report by Grand View Research,
Inc., the blood gas andelectrolyte analyzers market is estimated to achieve USD 653.5
million by 2022. High demand for advanced diagnostic techniques from hospitals
and clinical centers owing to rising cases of cancer and other chronic diseases
can propel market growth. Such equipment can offer multi diagnostic features to
expedite the process and can reduce chances of complexity. In addition, rising
demand for high turnaround time in diagnosis to deliver accurate and quick
results can also impel growth over the forecast period (2012 to 2022).
Rising number of patients in emergency
departments, advanced care sections, and operation theatres are anticipated to
propel market growth in the coming years. High demand for integrated and high
throughput systems is likely to stimulate growth of the blood gas and
electrolyte analyzers market. Increasing adoption of advanced diagnostic
solutions can foster market growth during next few years. Favorable government
initiatives to reduce healthcare expenses by spreading awareness among patients
for regular diagnosis can further impel market growth.
Capability of advanced analyzers to integrate
with electronic health records (EHRs) and electronic medical records (EMRs)
systems to reduce errors and to improve workflow may influence market growth in
near future. Rising cases of chronic disease owing to increasing number of
geriatric population is presumed to impel expansion of the market. Emergence of
multi-parameter and portable diagnostic devices owing to increasing number of
tests can bode well for the market during the forecast period. Steady
technological improvements and rising R&D investments from key players can
create lucrative opportunities.
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of Blood Gas and Electrolyte Analyzers Market@ www.grandviewresearch.com/industry-analysis/blood-gas-and-electrolyte-analyzers
The global blood gas and
electrolyte analyzers market can be segregated on the basis of product type,
application, end-use, and region. Based on product type, the market can be
divided into benchtop electrolyte and blood gas analyzers and portable
electrolyte and blood gas analyzers. In the coming years, portable analyzers
are expected to witness significant growth owing to provision of instantaneous
test results and continuous innovations. Such technological improvements and
innovations are likely to offer shift in novel devices from benchtop to highly
compact and point-of-care (POC) devices. POC devices can deliver rapid analysis
when required owing to their portability and accuracy.
Based on application, the market for blood gas
and electrolyte analyzers can be classified into blood gas analyzers,
electrolyte analyzers, and combined analyzers. In the coming years, combined
analyzers are expected to generate maximum revenue owing to high demand and
less expenses on maintenance and service. In 2015, combined analyzers dominated
the market as compared to other segments owing to wide portfolio of
commercialized products and rising number of tests. Blood gas analyzers segment
accounted for around 15.3% market share owing to the fact that genetic testing is
carried out in critical care units and emergency departments of hospitals.
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Based on end-use, the market can be segmented
into clinical laboratories and point-of-care. In 2015, clinical laboratories
segment dominated the market owing to high prevalence of diagnostic tests.
However, the point-of-care segment is expected to witness significant growth in
the coming years owing to rising demand for quick diagnosis and growing
initiatives to reduce hospital staying. In addition, such devices can offer
accuracy, short turnaround time, ease-of-use, and portability.
Regional segmentation includes Europe, North
America, Asia Pacific, Latin America, and Middle East & Africa. In 2015,
North America dominated the market by generating revenue equal to USD 190.5
million. High prevalence of practitioners and growing awareness among patients
are expected to fuel market growth. In addition, favorable government
initiatives and well-established healthcare facilities can further impel
demand.
In Asia Pacific, the market is expected to
witness maximum growth during the forecast period owing to rising demand for
advanced clinical needs and healthcare expenditures in India and China.
Some of the leading companies operating in the
global blood gas and electrolyte analyzers market are Siemens, Edan
Instruments, Radiometer Medical, Medica, and Samsung Medison. To expand product
portfolio and market share in different regions, most leading companies are
focusing on mergers and acquisitions activities to gain greater market share.
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Blood Gas and Electrolyte Analyzers Market @: www.grandviewresearch.com/press-release/global-blood-gas-and-electrolyte-analyzers-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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More Information: www.grandviewresearch.com
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