Blood Gas and Electrolyte Analyzer Market Strategies, Top Players, Growth Opportunities, Analysis, and Forecast by 2031

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

  • Report Code : TIPMD00002187
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 150
Buy Now

The blood gas and electrolyte analyzer market size is projected to reach US$ 3.22 billion by 2031 from US$ 2.09 billion in 2023. The market is expected to register a CAGR of 5.6% during 2023–2031. Automation and artificial intelligence in blood gas and electrolyte analyzer are likely to remain key trends in the market.

Blood Gas and Electrolyte Analyzer Market Analysis

One of the key drivers for the blood gas and electrolyte analyzer market growth is the rising prevalence of chronic diseases such as respiratory disorders, kidney diseases, and diabetes. These conditions often require frequent monitoring of electrolyte balance and blood gas levels to ensure proper management and treatment. The rising geriatric population increases the prevalence of these chronic diseases, which propels the demand for blood gas and electrolyte analyzers to support patient care and improve clinical outcomes. In addition, technological advancements in these analyzers, including faster results, integration with electronic medical records, and improved accuracy, drive the growth of the blood gas and electrolyte analyzer market.

Blood Gas and Electrolyte Analyzer Market Overview

Automation in blood gas and electrolyte analyzer entails the use of robotic systems, sample handling mechanisms, and automated workflows to streamline testing processes, reduce manual intervention, and enhance result turnaround times. The automation improves laboratory productivity and minimizes the risk of human error, ensuring consistent and reliable diagnostic outcomes for healthcare providers. Automated sample processing, intelligent result interpretation, and predictive analytics will empower healthcare providers with comprehensive insights into a patient's metabolic status, electrolyte balance, and acid-base equilibrium, fostering informed clinical decisions and personalized treatment strategies. Additionally, integrating connectivity and digital health solutions will allow for seamless data transfer, remote monitoring, and real-time collaboration between healthcare teams, optimizing efficient patient care delivery and treatment outcomes.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Blood Gas and Electrolyte Analyzer Market: Strategic Insights

Blood Gas and Electrolyte Analyzer Market

  • CAGR (2023 - 2031)
    5.6%
  • Market Size 2023
    US$ 2.09 Billion
  • Market Size 2031
    US$ 3.22 Billion

Market Dynamics

GROWTH DRIVERS
  • Increasing Number of Patients in Emergency Units of Hospitals
FUTURE TRENDS
  • Rising Adoption of Point-of-Care Diagnostics
OPPORTUNITIES
  • New Product Launches and Approvals

Key Players

  • Abbott Laboratories
  • Dalko Diagnostics Pvt Ltd
  • Erba Diagnostic Mannheim GmbH
  • F.Hoffmann-La Roche Ltd
  • Medica Corporation
  • Nova Biomedical Corporation
  • Siemens Healthineers AG
  • Werfen SA
  • Radiometer Medical ApS
  • Sensa Core Medical Instrumentation Pvt Ltd

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Product
  • Blood Gas Analyzer
  • Electrolyte Analyzer
  • Combined Analyzer
  • Others
End User
  • Hospitals and Clinics
  • Clinical and Diagnostic Laboratories
  • Homecare
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Blood Gas and Electrolyte Analyzer Market Drivers and Opportunities

Increasing Number of Patients in Emergency Units of Hospitals to Favor Market

The increasing number of patients seeking care in emergency hospital emergency units positively impacts the demand for blood gas and electrolyte analyzers. According to the World Health Organization (WHO), around 150 million patients visit hospital emergency rooms across the world annually. The US records about 139.8 million ER visits per year, according to data released by the CDC in 2023. In addition, there was a 7.4% rise in ED visits in California between 2011 and 2021. As emergency departments face mounting pressure to deliver rapid and accurate assessments of critically ill patients, timely diagnostic information on blood gas values, electrolyte levels, and acid-base balance becomes paramount. Blood gas and electrolyte analyzers provide on-the-spot diagnostic data for evaluating and managing patients affected by respiratory distress, metabolic abnormalities, or critical conditions. The ability of these analyzers to provide real-time insights into a patient's oxygenation status, acid-base equilibrium, and electrolyte levels is crucial for guiding resuscitative measures and optimizing clinical outcomes in emergency settings. As hospitals prioritize enhancing emergency care services to meet the needs of a rising patient population, the blood gas and electrolyte analyzers market is witnessing increased adoption of technologically advanced solutions tailored to the urgent and critical care setting.

New Product Launches and Approvals to Offer Opportunity for 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.

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.

Blood Gas and Electrolyte Analyzer Market Report Segmentation Analysis

Key segments that contributed to the derivation of the blood gas and electrolyte analyzer market analysis are product and end user.

  • 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 Share Analysis by Geography

The geographic scope of the blood gas and electrolyte analyzer market report is mainly divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.

North America dominated the blood gas and electrolyte analyzer market in 2023. The regional market growth is driven by increasing public awareness regarding cardiovascular diseases and growing research and collaboration to explore innovative therapeutic applications in the market. The blood gas and electrolyte analyzer market in North America is projected to spur with the presence of various key players in the market. In addition, the adoption of medical devices in healthcare operations for improving quality and reducing costs augments the market growth in the region. Asia Pacific is anticipated to register the highest CAGR during the forecast period.

Blood Gas and Electrolyte Analyzer Market Report Scope

Report Attribute Details
Market size in 2023 US$ 2.09 Billion
Market Size by 2031 US$ 3.22 Billion
Global CAGR (2023 - 2031) 5.6%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Product
  • Blood Gas Analyzer
  • Electrolyte Analyzer
  • Combined Analyzer
  • Others
By End User
  • Hospitals and Clinics
  • Clinical and Diagnostic Laboratories
  • Homecare
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Abbott Laboratories
  • Dalko Diagnostics Pvt Ltd
  • Erba Diagnostic Mannheim GmbH
  • F.Hoffmann-La Roche Ltd
  • Medica Corporation
  • Nova Biomedical Corporation
  • Siemens Healthineers AG
  • Werfen SA
  • Radiometer Medical ApS
  • Sensa Core Medical Instrumentation Pvt Ltd
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Blood Gas and Electrolyte Analyzer Market News and Recent Developments

    The blood gas and electrolyte analyzer market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market are listed below:

    • Sysmex America, Inc. received the FDA approval for Blood Bank mode for the XN-10 Automated Hematology Analyzer to include residual white blood cell counting. The company revealed that the new analyzer could increase blood processing centers' efficiency, consistency, and accuracy by supporting residual white blood cell counts, red blood cell (RBC), and platelet (PLT) component testing in a single sample aspiration. (Source: Sysmex America, Company Website, June 2022)
    • Sensa Core Medical Instrumentation launched ST-200 CC Blood Gas Analyzers – Ultra Smart for use in clinics, hospitals, and diagnostic centers. The highly advanced blood gas model from the company is the ST-200 CC Ultra Smart ABGEM blood gas analyzer. It is a fully automated, microprocessor-controlled electrolyte system that performs arterial blood gas analysis and electrolyte measurements using current direct measurement with ION selective electrode (ISE), impedance (Hct), and amperometry (pO2) technologies. (Source: Sensa Core Medical Instrumentation, Company Website, September 2021)

    Blood Gas and Electrolyte Analyzer Market Report Coverage and Deliverables

    The “Blood Gas and Electrolyte Analyzer Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Blood gas and electrolyte analyzer market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Blood gas and electrolyte analyzer market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Blood gas and electrolyte analyzer market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the blood gas and electrolyte analyzer market
    • Detailed company profiles
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    What are the driving and restraining factors for the blood gas and electrolyte analyzers market?

    Answer: The increasing number of patients in emergency units of hospitals and the rising adoption of point-of-care diagnostics propel the blood gas and electrolyte analyzer market growth. However, the high costs of analyzers hamper the market growth. Automation and artificial intelligence in blood gas and electrolyte analyzers would bring new blood gas and electrolyte analyzer market trends in the coming years.

    What is blood gas and electrolyte analyzers?

    Answer: Blood gas analyzers are used to measure combinations of pH, blood gas (i.e. pCO2 and pO2), electrolytes, and metabolite parameters from whole blood samples. Blood conservation is an important initiative in every clinical diagnostic lab or critical care facility. Therefore, a highly accurate blood gas analyzer can streamline work processes and reduce errors with minimum maintenance. Most blood gas analyzers offer automatic sample mixing and easy sample aspiration with intuitive user interface built-in and automatic QC for accuracy and regulatory compliance.

    Which segment is dominating the blood gas and electrolyte analyzers market?

    Answer: - 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.

    Who are the major players in market the blood gas and electrolyte analyzers market?

    Answer: - The blood gas and electrolyte analyzers market majorly consists of the players such as Abbott Laboratories, Dalko Diagnostics Pvt Ltd, Erba Diagnostic Mannheim GmbH, F.Hoffmann-La Roche Ltd, Medica Corporation, Nova Biomedical Corporation, Siemens Healthineers AG, Werfen SA, Radiometer Medical ApS, and Sensa Core Medical Instrumentation Pvt Ltd.

    The List of Companies - Blood Gas and Electrolyte Analyzer Market

    1. Abbott Laboratories
    2. Dalko Diagnostics Pvt Ltd
    3. Erba Diagnostic Mannheim GmbH
    4. F.Hoffmann-La Roche Ltd
    5. Medica Corporation
    6. Nova Biomedical Corporation
    7. Siemens Healthineers AG
    8. Werfen SA
    9. Radiometer Medical ApS
    10. Sensa Core Medical Instrumentation Pvt Ltd

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

    Trends and growth analysis reports related to Blood Gas and Electrolyte Analyzer Market