Blood Gas and Electrolyte Analyzers Market

Blood Gas and Electrolyte Analyzers Market (Product Type: Blood Gas Analyzers, Electrolyte Analyzers, Combination Analyzers, and Consumables) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Blood Gas and Electrolyte Analyzers Market Outlook 2031

  • The industry was valued at US$ 2.7 Bn in 2022
  • It is estimated to grow at a CAGR of 6.9% from 2023 to 2031 and reach US$ 5.0 Bn by the end of 2031

Analyst Viewpoint

Increase in prevalence of chronic diseases and technological advancements in analyzers are fueling the blood gas and electrolyte analyzers market size. Blood gas and electrolyte analyzers measure electrolytes, oxygen, carbon dioxide, and the pH of blood.

Rise in demand for early diagnosis of various diseases including diabetes and cancer is driving the demand for blood gas and electrolyte analyzers, thereby fostering market expansion.

Technological advancements in disease diagnosis techniques are offering lucrative blood gas and electrolyte analyzers business opportunities for the companies operating in this sector.

Moreover, key market players are investing in new product launches to enhance their product portfolio and expand their brand presence.

Market Introduction

Blood gas and electrolyte analyzers are medical devices used to measure various parameters in blood, including pH, oxygen, and carbon dioxide levels, and electrolytes, such as sodium, potassium, chloride, and other metabolites.

These analyzers play a crucial role in diagnosing and monitoring a wide range of medical conditions, particularly those related to respiratory, renal, and metabolic disorders.

Accuracy and precision, compact and portable design, automated features, quick results, and multi-parameter analysis are some of the major advantages of blood gas and electrolyte analyzers.

Blood gas and electrolyte analyzers are essential tools for healthcare professionals involved in critical care, emergency medicine, anesthesia, and other medical specialties.

Attribute Detail
Drivers
  • Increase in Prevalence of Chronic Diseases
  • Technological Advancements in Blood Gas and Electrolyte Analyzers

Increase in Prevalence of Chronic Diseases Fostering Blood Gas and Electrolyte Analyzers Market Growth

Blood gas and electrolyte analyzers are used to monitor patient's blood gas levels, electrolyte balance, and acid-base status, essential for managing and treating chronic conditions.

Lack of nutritious diet, physical inactivity, and changing lifestyles are leading to various chronic diseases, such as respiratory disorders, renal diseases, and metabolic disorders.

These conditions require early diagnosis to provide appropriate treatment. Thus, increase in prevalence of chronic diseases is driving the blood gas and electrolyte analyzers market revenue.

According to the World Health Organization, around 41 million fatalities are registered due to Noncommunicable Diseases (NCDs) each year, equivalent to 74% of all deaths globally. Each year, 17 million people die from an NCD before age 70.

Cardiovascular diseases account for most NCD deaths, or 17.9 million people annually, followed by cancers (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million including kidney disease deaths caused by diabetes).

Automated blood gas analyzers in critical care settings are utilized for the diagnosis of these diseases, thereby fueling the blood gas and electrolyte analyzers market statistics.

Technological Advancements in Blood Gas and Electrolyte Analyzers Propelling Market Dynamics

Medical equipment are developed using advanced technologies to ensure accuracy, reliability, and efficiency. Manufacturers are developing innovative analyzers with improved accuracy, speed, and usability, as well as enhanced connectivity and automation features.

These technological advancements enable healthcare providers to perform quicker and more accurate diagnostic tests, streamline workflow processes, and improve patient care outcomes.

Plasma electrolyte analyzers are developed to perform rapid tests and get accurate test results. Thus, technological advancements in these analyzers are propelling the blood gas and electrolyte analyzers market value.

Moreover, advancements in Point-of-Care Testing (POCT) technologies are driving the adoption of compact, portable analyzers that allow for rapid on-site testing in various healthcare settings, including emergency departments, intensive care units, and ambulances.

Hence, increase in demand for electrolyte and blood gas testing equipment is fostering market development.

Regional Outlook

Attribute Detail
Leading Region North America

As per the blood gas and electrolyte analyzers industry analysis, North America dominated the global market in 2022. Rise in prevalence of diabetes and rapid growth in geriatric population are likely to drive the blood gas and electrolyte analyzers market share during the forecast period.

Moreover, well-established healthcare infrastructure and easy availability of medical facilities are boosting market progress.

According to the Centers for Disease Control and Prevention, approximately 38.4 million people have diabetes, which accounts for 11.6% of the U.S. population. Moreover, among these, 29.7 million individuals have been diagnosed with diabetes and around 8.7 million people are undiagnosed.

Analysis of Key Players in Blood Gas and Electrolyte Analyzers Industry

As per the latest blood gas and electrolyte analyzers market trends, advancements in medical facilities and automation in diagnosis technologies generate multiple opportunities for medical equipment manufacturers.

Leading players in the market are forming partnerships and alliances to increase their production capacities and meet consumer demands. Moreover, they are investing to launch new analyzers and ensure result accuracy and reduce diagnosis time.

Some of the players in the industry are Radiometer Medical ApS, F. Hoffmann-La Roche Ltd., Nova Biomedical, Siemens Healthineers AG, ERBA Group, Medica Corporation, Abbott, and Werfen, S.A.

These companies have been profiled in the blood gas and electrolyte analyzers market report based on various parameters including company overview, business segments, product portfolio, recent developments, business strategies, and financial overview.

Key Developments

  • In September 2023, The Indian Institute of Technology Kanpur (IITK) signed a Memorandum of Understanding (MoU) with Sensa Core Medical Instrumentation Pvt. Ltd., a leading medical diagnostic equipment manufacturer, for mass manufacturing and sale of a novel point-of-care technology developed at the institute for rapid analysis of bilirubin in human blood/serum along with its three variants.
  • In July 2023, Siemens Healthineers AG, a leading medtech company, announced the launch of the new Atellica CI Analyzer for clinical chemistry and immunoassay testing. The Atellica CI Analyzer enables both standalone labs and satellite labs within larger health networks to access the same reagents, consumables and intelligent software found in the company’s Atellica Solution.

Blood Gas and Electrolyte Analyzers Market Snapshot

Attribute Detail
Market Size in 2022 US$ 2.7 Bn
Market Forecast (Value) in 2031 US$ 5.0 Bn
Growth Rate (CAGR) 6.9%
Forecast Period 2023-2031
Historical Data Available for 2017-2021
Quantitative Units US$ Bn for Value
Market Analysis It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis.
Competition Landscape
  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials
Format Electronic (PDF) + Excel
Market Segmentation
  • Product Type
    • Blood Gas Analyzers
    • Electrolyte Analyzers
    • Combination Analyzers
    • Consumables
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Countries Covered
  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Japan
  • China
  • India
  • Australia & New Zealand
  • Brazil
  • Mexico
  • South Africa
  • GCC countries
Companies Profiled
  • Radiometer Medical ApS
  • F. Hoffmann-La Roche Ltd.
  • Nova Biomedical
  • Siemens Healthineers AG
  • ERBA Group
  • Medica Corporation
  • Abbott
  • Werfen, S.A.
Customization Scope Available upon request
Pricing Available upon request

Frequently Asked Questions

How big was the global blood gas and electrolyte analyzers market in 2022?

It was valued at US$ 2.7 Bn in 2022

How is the blood gas and electrolyte analyzers sector expected to grow by 2031?

It is projected to register a CAGR of 6.9% from 2023 to 2031

What are the key factors driving the demand for blood gas and electrolyte analyzers?

Increase in prevalence of chronic diseases and technological advancements in blood gas and electrolyte analyzers

Which was the most lucrative region in the blood gas and electrolyte analyzers industry in 2022?

North America was the most lucrative region in 2022

Who are the prominent blood gas and electrolyte analyzer manufacturers?

Radiometer Medical ApS, F. Hoffmann-La Roche Ltd., Nova Biomedical, Siemens Healthineers AG, ERBA Group, Medica Corporation, Abbott, and Werfen, S.A.

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions and Research Methodology

    3. Executive Summary: Global Blood Gas and Electrolyte Analyzers Market

    4. Market Overview

        4.1. Introduction

            4.1.1. Product Definition

            4.1.2. Industry Evolution/Developments

        4.2. Overview

        4.3. Market Dynamics

            4.3.1. Drivers

            4.3.2. Restraints

            4.3.3. Opportunities

        4.4. Global Blood Gas and Electrolyte Analyzers Market Analysis and Forecast, 2017–2031

    5. Key Insights

        5.1. Pipeline Analysis

        5.2. Key Product/Brand Analysis

        5.3. Key Mergers & Acquisitions

        5.4. COVID-19 Pandemic Impact on Industry

    6. Global Blood Gas and Electrolyte Analyzers Market Analysis and Forecast, by Product Type

        6.1. Introduction & Definition

        6.2. Key Findings/Developments

        6.3. Market Value Forecast, by Product Type, 2017–2031

            6.3.1. Blood Gas Analyzers

            6.3.2. Electrolyte Analyzers

            6.3.3. Combination Analyzers

            6.3.4. Consumables

        6.4. Market Attractiveness Analysis, by Product Type

    7. Global Blood Gas and Electrolyte Analyzers Market Analysis and Forecast, by Region

        7.1. Key Findings

        7.2. Market Value Forecast, by Region, 2017–2031

            7.2.1. North America

            7.2.2. Europe

            7.2.3. Asia Pacific

            7.2.4. Latin America

            7.2.5. Middle East & Africa

        7.3. Market Attractiveness Analysis, by Region

    8. North America Blood Gas and Electrolyte Analyzers Market Analysis and Forecast

        8.1. Introduction

        8.2. Key Findings

        8.3. Market Value Forecast, by Product Type, 2017–2031

            8.3.1. Blood Gas Analyzers

            8.3.2. Electrolyte Analyzers

            8.3.3. Combination Analyzers

            8.3.4. Consumables

        8.4. Market Value Forecast, by Country, 2017–2031

            8.4.1. U.S.

            8.4.2. Canada

        8.5. Market Attractiveness Analysis

            8.5.1. By Product Type

            8.5.2. By Country

    9. Europe Blood Gas and Electrolyte Analyzers Market Analysis and Forecast

        9.1. Introduction

        9.2. Key Findings

        9.3. Market Value Forecast, by Product Type, 2017–2031

            9.3.1. Blood Gas Analyzers

            9.3.2. Electrolyte Analyzers

            9.3.3. Combination Analyzers

            9.3.4. Consumables

        9.4. Market Value Forecast, by Country/Sub-region, 2017–2031

            9.4.1. Germany

            9.4.2. U.K.

            9.4.3. France

            9.4.4. Italy

            9.4.5. Spain

            9.4.6. Rest of Europe

        9.5. Market Attractiveness Analysis

            9.5.1. By Product Type

            9.5.2. By Country/Sub-region

    10. Asia Pacific Blood Gas and Electrolyte Analyzers Market Analysis and Forecast

        10.1. Introduction

        10.2. Key Findings

        10.3. Market Value Forecast, by Product Type, 2017–2031

            10.3.1. Blood Gas Analyzers

            10.3.2. Electrolyte Analyzers

            10.3.3. Combination Analyzers

            10.3.4. Consumables

        10.4. Market Value Forecast, by Country/Sub-region, 2017–2031

            10.4.1. China

            10.4.2. Japan

            10.4.3. India

            10.4.4. Australia & New Zealand

            10.4.5. Rest of Asia Pacific

        10.5. Market Attractiveness Analysis

            10.5.1. By Product Type

            10.5.2. By Country/Sub-region

    11. Latin America Blood Gas and Electrolyte Analyzers Market Analysis and Forecast

        11.1. Introduction

        11.2. Key Findings

        11.3. Market Value Forecast, by Product Type, 2017–2031

            11.3.1. Blood Gas Analyzers

            11.3.2. Electrolyte Analyzers

            11.3.3. Combination Analyzers

            11.3.4. Consumables

        11.4. Market Value Forecast, by Country/Sub-region, 2017–2031

            11.4.1. Brazil

            11.4.2. Mexico

            11.4.3. Rest of Latin America

        11.5. Market Attractiveness Analysis

            11.5.1. By Product Type

            11.5.2. By Country/Sub-region

    12. Middle East & Africa Blood Gas and Electrolyte Analyzers Market Analysis and Forecast

        12.1. Introduction

        12.2. Key Findings

        12.3. Market Value Forecast, by Product Type, 2017–2031

            12.3.1. Blood Gas Analyzers

            12.3.2. Electrolyte Analyzers

            12.3.3. Combination Analyzers

            12.3.4. Consumables

        12.4. Market Value Forecast, by Country/Sub-region, 2017–2031

            12.4.1. GCC Countries

            12.4.2. South Africa

            12.4.3. Rest of Middle East & Africa

        12.5. Market Attractiveness Analysis

            12.5.1. By Product Type

            12.5.2. By Country/Sub-region

    13. Competition Landscape

        13.1. Market Player - Competitive Matrix (by Tier and Size of Companies)

        13.2. Market Share Analysis, by Company (2022)

        13.3. Company Profiles

            13.3.1. Radiometer Medical ApS

                13.3.1.1. Company Overview

                13.3.1.2. Product Portfolio

                13.3.1.3. SWOT Analysis

                13.3.1.4. Financial Overview

                13.3.1.5. Strategic Overview

            13.3.2. F. Hoffmann-La Roche Ltd.

                13.3.2.1. Company Overview

                13.3.2.2. Product Portfolio

                13.3.2.3. SWOT Analysis

                13.3.2.4. Financial Overview

                13.3.2.5. Strategic Overview

            13.3.3. Nova Biomedical

                13.3.3.1. Company Overview

                13.3.3.2. Product Portfolio

                13.3.3.3. SWOT Analysis

                13.3.3.4. Financial Overview

                13.3.3.5. Strategic Overview

            13.3.4. Siemens Healthineers AG

                13.3.4.1. Company Overview

                13.3.4.2. Product Portfolio

                13.3.4.3. SWOT Analysis

                13.3.4.4. Financial Overview

                13.3.4.5. Strategic Overview

            13.3.5. ERBA Group

                13.3.5.1. Company Overview

                13.3.5.2. Product Portfolio

                13.3.5.3. SWOT Analysis

                13.3.5.4. Financial Overview

                13.3.5.5. Strategic Overview

            13.3.6. Medica Corporation

                13.3.6.1. Company Overview

                13.3.6.2. Product Portfolio

                13.3.6.3. SWOT Analysis

                13.3.6.4. Financial Overview

                13.3.6.5. Strategic Overview

            13.3.7. Abbott

                13.3.7.1. Company Overview

                13.3.7.2. Product Portfolio

                13.3.7.3. SWOT Analysis

                13.3.7.4. Financial Overview

                13.3.7.5. Strategic Overview

            13.3.8. Werfen, S.A.

                13.3.8.1. Company Overview

                13.3.8.2. Product Portfolio

                13.3.8.3. SWOT Analysis

                13.3.8.4. Financial Overview

                13.3.8.5. Strategic Overview

    List of Tables

    Table 01: Global Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Product Type, 2017–2031

    Table 02: Global Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Region, 2017–2031

    Table 03: North America Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Country, 2017–2031

    Table 04: North America Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Product Type, 2017–2031

    Table 05: Europe Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

    Table 06: Europe Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Product Type, 2017–2031

    Table 07: Asia Pacific Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

    Table 08: Asia Pacific Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Product Type, 2017–2031

    Table 09: Latin America Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

    Table 10: Latin America Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Product Type, 2017–2031

    Table 11: Middle East & Africa Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

    Table 12: Middle East & Africa Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast, by Product Type, 2017–2031

    List of Figures

    Figure 01: Global Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) and Distribution (%), by Region, 2022–2031

    Figure 02: Global Blood Gas and Electrolyte Analyzers Market Revenue (US$ Mn), by Product Type, 2022

    Figure 03: Global Blood Gas and Electrolyte Analyzers Market Value Share, by Product Type, 2022

    Figure 04: Global Blood Gas and Electrolyte Analyzers Market Value Share, by Region, 2022

    Figure 05: Global Blood Gas and Electrolyte Analyzers Market Value (US$ Mn) Forecast, 2017–2031

    Figure 06: Global Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Product Type, 2022–2031

    Figure 07: Global Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Product Type, 2023–2031

    Figure 08: Global Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Region, 2022–2031

    Figure 09: Global Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Region, 2023–2031

    Figure 10: North America Blood Gas and Electrolyte Analyzers Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031

    Figure 11: North America Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Country, 2023–2031

    Figure 12: North America Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Country, 2022–2031

    Figure 13: North America Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Product Type, 2022–2031

    Figure 14: North America Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Product Type, 2023–2031

    Figure 15: Europe Blood Gas and Electrolyte Analyzers Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031

    Figure 16: Europe Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Country/Sub-region, 2023–2031

    Figure 17: Europe Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Country/Sub-region, 2022–2031

    Figure 18: Europe Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Product Type, 2022–2031

    Figure 19: Europe Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Product Type, 2023–2031

    Figure 20: Asia Pacific Blood Gas and Electrolyte Analyzers Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031

    Figure 21: Asia Pacific Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Country/Sub-region, 2023–2031

    Figure 22: Asia Pacific Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Country/Sub-region, 2022–2031

    Figure 23: Asia Pacific Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Product Type, 2022–2031

    Figure 24: Asia Pacific Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Product Type, 2023–2031

    Figure 25: Latin America Blood Gas and Electrolyte Analyzers Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031

    Figure 26: Latin America Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Country/Sub-region, 2023–2031

    Figure 27: Latin America Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Country/Sub-region, 2022–2031

    Figure 28: Latin America Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Product Type, 2022–2031

    Figure 29: Latin America Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Product Type, 2023–2031

    Figure 30: Middle East & Africa Blood Gas and Electrolyte Analyzers Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031

    Figure 31: Middle East & Africa Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Country/Sub-region, 2023–2031

    Figure 32: Middle East & Africa Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Country/Sub-region, 2022–2031

    Figure 33: Middle East & Africa Blood Gas and Electrolyte Analyzers Market Value Share Analysis, by Product Type, 2022–2031

    Figure 34: Middle East & Africa Blood Gas and Electrolyte Analyzers Market Attractiveness Analysis, by Product Type, 2023–2031

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