Blood Gas And Electrolyte Analyzers Market is estimated to reach USD 653.5 million by 2022. An increase in demand for blood gas testing, growing incidence among the patients in emergency departments and critical care, increasing healthcare expenditure, increase in the change of focus towards point-of-care testing and introduction of new expertise are some of the most affecting drivers of this market.
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The key driving factors responsible for the growth of Blood Gas And
Electrolyte Analyzers market :
Increase in the base population
will also contribute towards the growth of the market in the coming years by
resulting in high occurrence rates of diseases which include cancer, respiratory
disorders, diabetes, and heart-related diseases. Furthermore, the appearance of
multi-parameter monitoring device which helps in increasing test menus and rise
in requirement for miniaturized devices which is expected to improve market
growth over the coming period. For example, according to the WHO, the global
geriatric population of 65 years and above will help to rise from 7% in 2000 to
16% in 2050. For cancer and other chronic diseases, aging is one of the risk
factors and therefore, the global aging population will help to increase its
market growth.
Product Insights
Portable analyzers and benchtop
are key product categorization of the electrolyte and blood gas segment.
Benchtop analyzers with a display (LCD) are larger, with a keypad to enter
information and also contains a slot for placing in a sample tube or test
strip, while portable analyzers are movable thus facilitating bedside
examination. In 2016, the portable analyzers market held the major share at
over 62%. Portable analyzers have many advantages which includes automation of
tasks, portability and ease-of-use, decreased manual errors, self-assessing
ability and low maintenance which are estimated to act as key drivers
contributing to increase in the growth of the market share.
Application Insights
In 2016, combined analyzers
conquered the overall market due to the occurrence of broad product portfolio
with large test volumes. The combined analyzer market is anticipated to witness
an increase in growth as a result of increasing need for analyzers which need
less maintenance, further facilitating the test results for electrolyte and
blood count from samples such as whole dialysate, urine, blood, serum, and
plasma.
End-use Insights
The market is divided on the
basis of end-use into central laboratories and point-of-care. The point-of-care
division is identified to be the best growing segment in the coming years. The
key contributing factor is the continuous technological improvements, thus
attracting end-users to move focus towards point-of-care analysers.
Special importance is given to
cardiothoracic surgical departments, followed by emergency transport systems,
and critical care departments as designated by a large volume of systems. The
increase in demand for point-of-care blood gas and electrolyte analysers is
expected to growth over the forecast period. These devices facilitate automated
sample handling which helps to trim down the associated errors along with
providing user variability. The aforementioned factors are expected to help
these devices to achieve high preference matrix among the consumers.
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