Arterial Blood Gas Kits Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (1mL (Syringe Volume), 3mL (Syringe Volume), and Others); End User (Hospitals, Clinics, and Others), and Geography
Publication Month: Aug 2021 | Report Code: TIPRE00012482 | No. of Pages: 145 | Category: Medical Device | Status: Published
The arterial blood gas kits market is expected to reach US$ 773.01 million in 2028 from US$ 455.84 million in 2021 growing at a CAGR of 7.8% from 2021-2028.
The scope of the arterial blood gas kits market includes product type, end user, and region. Based on region, the arterial blood gas kits market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the arterial blood gas kits market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID–19 impact analysis across the regions.
Lucrative Regions for Arterial Blood Gas Kits Market
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Market Insights
Increasing Prevalence of Respiratory Diseases
Huge population suffers from the various types of respiratory diseases across the world. Smoking, infections, and genetic factors can cause respiratory diseases. Chronic obstructive pulmonary disease (COPD), asthma, and pneumonia are a few medical conditions exerting a huge burden on the public healthcare system in various countries worldwide. The American Lung Association reported that COPD is the third leading cause of death in the US, where over 16.4 million people are diagnosed with the condition. Further, according to the US Department of Health and Human Services, around 25 million people in the US had asthma in 2019, which is one of the most common respiratory diseases in the world. Further, as per the World Health Organization (WHO), globally pneumonia accounted for 15% of the total deaths of children below the age of 5 years in 2017, which reported the deaths of 808,694 children. Patients suffering from the respiratory disorders usually experience trouble in breathing and oxygen shortage. Arterial blood gas (ABG) test is carried out to measure the amount of oxygen and carbon dioxide dissolved in arterial blood. The test helps in delivering care to patients suffering from acute and chronic respiratory disease. Thus, the growing prevalence of acute and chronic respiratory diseases propels the demand for arterial blood gas kits.
Product Type-Based Insights
Based on product type, the arterial blood gas kits market is segmented into 1ml (syringe volume), 3ml (syringe volume), and others. The 3ml (syringe volume) segment is likely to hold largest share of the market in 2021, also the same segment is anticipated to register the highest CAGR of 8.2% in the market during the forecast period.
Global Arterial Blood Gas Kits Market, by Product Type– 2021 & 2028
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End-User-Based Insights
Based on the end user, the arterial blood gas kits market is segmented into hospitals, clinics, and others. In 2021, hospitals segment is likely to hold largest share of the market whereas clinics segment is estimated to register the highest CAGR of 8.4% in the market during the forecast period.
Strategic Insights
Inorganic strategies such as partnerships, and mergers and acquisitions are commonly adopted by companies to cater to changing customer demand and maintain their brand name across the world. Market players operating in the arterial blood gas kits market also adopt organic strategies such as product launch and expansion to outstretch their footprint and product portfolio worldwide as well as to meet the growing demand.
By Product Type
- 1mL (Syringe Volume)
- 3mL (Syringe Volume)
By End User
- Hospitals
- Clinics
- Others
By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- Becton Dickinson and Company
- Radiometer Company
- Smiths Medical
- Vyaire Medical
- OPTI Medical
- Westmed Medical
- CareFusion(Cardinal Health)
- Fisher Scientific
- ITL BioMedical
- Typenex Medical, LLC
Frequently Asked Questions
The List of Companies - Arterial Blood Gas Kits Market
- Becton Dickinson and Company
- Radiometer Company
- Smiths Medical
- Vyaire Medical
- OPTI Medical
- Westmed Medical
- CareFusion(Cardinal Health)
- Fisher Scientific
- ITL BioMedical
- Typenex Medical, LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Arterial Blood Gas Kits market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global Arterial Blood Gas Kits market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution
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