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.

Get 10% FREE CUSTOMIZATION

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

Download Free Sample

   Buy Now   

• 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

Download Free Sample

   Buy Now   

• 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