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Blood Gas and Electrolyte Analyzer Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (Blood Gas Analyzer, Electrolyte Analyzer, Combined Analyzer, and Others), End User (Hospitals and Clinics, Clinical and Diagnostic Laboratories, Homecare, and Others), and Geography

May 2024 | 146 pages | ID: BA1611D26999EN
The Insight Partners

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The global Blood gas and electrolyte analyzer market is expected to reach US$ 3.22 billion in 2031 from US$ 2.09 billion in 2023. The market is estimated to grow with a CAGR of 5.6% from 2023 to 2031.

The blood gas and electrolyte analyzer market forecast presented in this report can help stakeholders in this marketplace plan their growth strategies. The surging prevalence of infectious diseases and preference for rapid diagnostic solutions are the key driving factors behind the market development. However, inadequate reimbursement scenario is hampering the market growth. Key factors that are driving the market are increasing number of patients in emergency units of hospitals and rising adoption of point-of-care diagnostics. However, high costs of analyzers restrict the market growth during the forecast period, to a noticeable extent.

Market Opportunities of Blood Gas And Electrolyte Analyzer Market-

The development of the healthcare industry has led to a rise in the demand for blood gas and electrolyte analyzers among healthcare providers across the world. This increased demand contributes to new product developments, product launches, and approvals on a global level. In addition, major market players are involved in research and development activities to ensure the innovation and development of efficient products. Following are a few of the recent product launches and developments:

• In July 2023, Siemens Healthineers launched the new Atellica CI Analyser for clinical chemistry and immunoassay testing. The US Food and Drug Administration (FDA) permitted the analyzer before its debut. It is currently accessible in several international locations.

• In July 2022, at the 74th American Association for Clinical Chemistry Annual Scientific Meeting and Clinical Laboratory Exposition (2022 AACC), EDAN Instruments, Inc. announced the launch of the first-ever point-of-care (POC) fluorescence-based CO-OX blood gas and chemistry analysis system, i20. The system has over 45 parameters, ranging from blood gases to electrolytes to CO-oximetry.

• In April 2021, Siemens Healthiness launched the epoc Blood Analysis System, a wireless, portable device that provides patient-side results in less than a minute. It measures hematocrit and lactate on a single room temperature-stable test card, complete blood gas, and a basic metabolic panel. It is aided by its support of COVID-19 response efforts, as blood gas testing is essential for managing infected individuals.

Thus, an increase in product developments, launches, and strategic collaborations among market players is likely to create ample opportunities for the blood gas and electrolyte analyzers market in the coming years.

Factor Hampering Blood Gas and Electrolyte Analyzer Market

The substantial financial investments required for acquiring, maintaining, and operating blood gas and electrolyte analyzers can strain the budgets of healthcare facilities, particularly smaller clinics, rural hospitals, and resource-constrained regions. Numerous blood gas analyzers such as handheld, point-of-care, and conventional laboratory-based models are available. Although traditional laboratory-based analyzers show the most accurate results, they are the slowest and most expensive. The instruments' cost is high; depending on the type and features, they can cost from US$ 25,000 to US$ 200,000 or more. Also, a budget is required for routine maintenance, calibration services, technique validator kits, consumables, electrodes and cartridges, and quality assurance. The extra costs are included in long-term operating expenses and the total cost of ownership. The elevated costs of analyzers limit the affordability of these critical diagnostic tools and impact healthcare providers' ability to offer comprehensive diagnostic services, especially in settings with constrained financial resources.

• Based on product, the blood gas and electrolyte analyzer market is divided into blood gas analyzer, electrolyte analyzer, combined analyzer, and others. The combined analyzer segment held the largest market share in 2023.

• By end user, the market is segmented into hospitals and clinics, clinical and diagnostics laboratories, homecare settings, and others. The clinical and diagnostic laboratories segment held the largest share of the market in 2023.

Blood Gas and Electrolyte Analyzer Market: Regional Overview

The US is projected to be the largest market for blood gas and electrolyte analyzers due to factors such as the increase in cardiovascular diseases and respiratory diseases, comprehensive clinical research, and contract research. Moreover, the nation is well ahead of other countries in terms of technology. Technological advancement have resulted in the development of various blood gas and electrolyte analyzers and technologies used for their applications. For Instance: On August 2023 Radiometer launched a new virtual learning platform, MyLearning. On MyLearning, patient can access e-learning modules, videos, quizzes and augmented reality exercises on Radiometer products and clinical applications.

A few of the major primary and secondary sources referred to while preparing the report on the Blood gas and electrolyte analyzer market are the World Bank Data, National Health Service (NHS), US Department of Health and Human Services (HHS), and WHO (World Health Organization).
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. BLOOD GAS AND ELECTROLYTE ANALYZER MARKET LANDSCAPE

4.1 Overview
4.2 PEST Analysis

5. BLOOD GAS AND ELECTROLYTE ANALYZER MARKET – KEY MARKET DYNAMICS

5.1 Blood Gas and Electrolyte Analyzer Market – Key Market Dynamics
5.2 Market Drivers
  5.2.1 Increasing Number of Patients in Emergency Units of Hospitals
  5.2.2 Rising Adoption of Point-of-Care Diagnostics
5.3 Market Restraints
  5.3.1 High Costs of Analyzers
5.4 Market Opportunities
  5.4.1 New Product Launches and Approvals
5.5 Future Trends
  5.5.1 Automation and Artificial Intelligence in Blood Gas and Electrolyte Analyzer
5.6 Impact of Drivers and Restraints:

6. BLOOD GAS AND ELECTROLYTE ANALYZER MARKET – GLOBAL MARKET ANALYSIS

6.1 Blood Gas and Electrolyte Analyzer Market Revenue (US$ Million), 2023–2031
6.2 Blood Gas and Electrolyte Analyzer Market Forecast Analysis

7. BLOOD GAS AND ELECTROLYTE ANALYZER MARKET ANALYSIS – BY PRODUCT

7.1 Blood Gas Analyzer
  7.1.1 Overview
  7.1.2 Blood Gas Analyzer: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Electrolyte Analyzer
  7.2.1 Overview
  7.2.2 Electrolyte Analyzer: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Combined Analyzer
  7.3.1 Overview
  7.3.2 Combined Analyzer: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Others
  7.4.1 Overview
  7.4.2 Others: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)

8. BLOOD GAS AND ELECTROLYTE ANALYZER MARKET ANALYSIS – BY END USER

8.1 Hospitals and Clinics
  8.1.1 Overview
  8.1.2 Hospitals and Clinics: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Clinical and Diagnostic Laboratories
  8.2.1 Overview
  8.2.2 Clinical and Diagnostic Laboratories: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Homecare
  8.3.1 Overview
  8.3.2 Homecare: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Others
  8.4.1 Overview
  8.4.2 Others: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)

9. BLOOD GAS AND ELECTROLYTE ANALYZER MARKET – GEOGRAPHICAL ANALYSIS

9.1 Overview
9.2 North America
  9.2.1 North America Blood Gas and Electrolyte Analyzer Market Overview
  9.2.2 North America: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
  9.2.3 North America: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
    9.2.3.1 North America: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Product
  9.2.4 North America: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.2.4.1 North America: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by End User
  9.2.5 North America: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Country
    9.2.5.1 North America: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Country
    9.2.5.2 United States: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.2.5.2.1 United States: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.2.5.2.2 United States: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.2.5.3 Canada: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.2.5.3.1 Canada: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.2.5.3.2 Canada: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.2.5.4 Mexico: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.2.5.4.1 Mexico: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.2.5.4.2 Mexico: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
9.3 Europe
  9.3.1 Europe Blood Gas and Electrolyte Analyzer Market Overview
  9.3.2 Europe: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
  9.3.3 Europe: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
    9.3.3.1 Europe: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Product
  9.3.4 Europe: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.3.4.1 Europe: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by End User
  9.3.5 Europe: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Country
    9.3.5.1 Europe: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Country
    9.3.5.2 Germany: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.5.2.1 Germany: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.3.5.2.2 Germany: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.3.5.3 United Kingdom: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.5.3.1 United Kingdom: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.3.5.3.2 United Kingdom: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.3.5.4 France: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.5.4.1 France: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.3.5.4.2 France: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.3.5.5 Spain: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.5.5.1 Spain: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.3.5.5.2 Spain: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.3.5.6 Italy: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.5.6.1 Italy: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.3.5.6.2 Italy: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.3.5.7 Rest of Europe: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.3.5.7.1 Rest of Europe: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.3.5.7.2 Rest of Europe: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
9.4 Asia Pacific
  9.4.1 Asia Pacific Blood Gas and Electrolyte Analyzer Market Overview
  9.4.2 Asia Pacific: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
  9.4.3 Asia Pacific: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
    9.4.3.1 Asia Pacific: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Product
  9.4.4 Asia Pacific: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.4.4.1 Asia Pacific: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by End User
  9.4.5 Asia Pacific: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Country
    9.4.5.1 Asia Pacific: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Country
    9.4.5.2 China: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.4.5.2.1 China: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.4.5.2.2 China: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.4.5.3 Japan: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.4.5.3.1 Japan: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.4.5.3.2 Japan: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.4.5.4 India: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.4.5.4.1 India: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.4.5.4.2 India: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.4.5.5 Australia: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.4.5.5.1 Australia: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.4.5.5.2 Australia: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.4.5.6 South Korea: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.4.5.6.1 South Korea: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.4.5.6.2 South Korea: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.4.5.7 Rest of APAC: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.4.5.7.1 Rest of APAC: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.4.5.7.2 Rest of APAC: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
9.5 Middle East and Africa
  9.5.1 Middle East and Africa Blood Gas and Electrolyte Analyzer Market Overview
  9.5.2 Middle East and Africa: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
  9.5.3 Middle East and Africa: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
    9.5.3.1 Middle East and Africa: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Product
  9.5.4 Middle East and Africa: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.5.4.1 Middle East and Africa: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by End User
  9.5.5 Middle East and Africa: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Country
    9.5.5.1 Middle East and Africa: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Country
    9.5.5.2 Saudi Arabia: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.5.5.2.1 Saudi Arabia: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.5.5.2.2 Saudi Arabia: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.5.5.3 South Africa: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.5.5.3.1 South Africa: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.5.5.3.2 South Africa: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.5.5.4 United Arab Emirates: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.5.5.4.1 United Arab Emirates: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product
      9.5.5.4.2 United Arab Emirates: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User
    9.5.5.5 Rest of Middle East and Africa: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)
      9.5.5.5.1 Rest of Middle East and Africa: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product0
      9.5.5.5.2 Rest of Middle East and Africa: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User0
9.6 South and Central America1
  9.6.1 South and Central America Blood Gas and Electrolyte Analyzer Market Overview1
  9.6.2 South and Central America: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)2
  9.6.3 South and Central America: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product2
    9.6.3.1 South and Central America: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Product3
  9.6.4 South and Central America: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User3
    9.6.4.1 South and Central America: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by End User4
  9.6.5 South and Central America: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Country4
    9.6.5.1 South and Central America: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast Analysis – by Country5
    9.6.5.2 Brazil: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)6
      9.6.5.2.1 Brazil: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product7
      9.6.5.2.2 Brazil: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User7
    9.6.5.3 Argentina: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)8
      9.6.5.3.1 Argentina: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product8
      9.6.5.3.2 Argentina: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User9
    9.6.5.4 Rest of South and Central America: Blood Gas and Electrolyte Analyzer Market – Revenue and Forecast to 2031 (US$ Million)0
      9.6.5.4.1 Rest of South and Central America: Blood Gas and Electrolyte Analyzer Market Breakdown, by Product1
      9.6.5.4.2 Rest of South and Central America: Blood Gas and Electrolyte Analyzer Market Breakdown, by End User1

10. INDUSTRY LANDSCAPE2

10.1 Overview2
10.2 Organic Growth Strategies2
  10.2.1 Overview2

11. COMPANY PROFILES3

11.1 Abbott Laboratories3
  11.1.1 Key Facts3
  11.1.2 Business Description3
  11.1.3 Products and Services4
  11.1.4 Financial Overview4
  11.1.5 SWOT Analysis6
  11.1.6 Key Developments6
11.2 Dalko Diagnostics Private Limited7
  11.2.1 Key Facts7
  11.2.2 Business Description7
  11.2.3 Products and Services7
  11.2.4 Financial Overview7
  11.2.5 SWOT Analysis8
  11.2.6 Key Developments8
11.3 Erba Diagnostics Mannheim GmbH9
  11.3.1 Key Facts9
  11.3.2 Business Description9
  11.3.3 Products and Services9
  11.3.4 Financial Overview9
  11.3.5 SWOT Analysis0
  11.3.6 Key Developments0
11.4 Hoffmann-La Roche Ltd1
  11.4.1 Key Facts1
  11.4.2 Business Description1
  11.4.3 Products and Services2
  11.4.4 Financial Overview2
  11.4.5 SWOT Analysis4
  11.4.6 Key Developments4
11.5 Medica Corporation5
  11.5.1 Key Facts5
  11.5.2 Business Description5
  11.5.3 Products and Services5
  11.5.4 Financial Overview6
  11.5.5 SWOT Analysis6
  11.5.6 Key Developments6
11.6 Nova Biomedical Corporation7
  11.6.1 Key Facts7
  11.6.2 Business Description7
  11.6.3 Products and Services7
  11.6.4 Financial Overview8
  11.6.5 SWOT Analysis8
  11.6.6 Key Developments8
11.7 Siemens Healthineers AG9
  11.7.1 Key Facts9
  11.7.2 Business Description9
  11.7.3 Products and Services0
  11.7.4 Financial Overview0
  11.7.5 SWOT Analysis2
  11.7.6 Key Developments2
11.8 Werfen SA3
  11.8.1 Key Facts3
  11.8.2 Business Description3
  11.8.3 Products and Services3
  11.8.4 Financial Overview4
  11.8.5 SWOT Analysis5
  11.8.6 Key Developments5
11.9 Radiometer Medical ApS6
  11.9.1 Key Facts6
  11.9.2 Business Description6
  11.9.3 Products and Services6
  11.9.4 Financial Overview7
  11.9.5 SWOT Analysis9
  11.9.6 Key Developments9
11.10 Sensa Core Medical Instrumentation Pvt Ltd0
  11.10.1 Key Facts0
  11.10.2 Business Description0
  11.10.3 Products and Services0
  11.10.4 Financial Overview0
  11.10.5 SWOT Analysis1
  11.10.6 Key Developments1

12. APPENDIX2

12.1 About The Insight Partners2
12.2 Glossary of Terms3


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