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Blood Gas And Electrolyte Analyzers Market Worth 2,625.23 Million By 2030
(MENAFN- EIN Presswire)
The global blood gas and electrolyte analyzers market size was valued at was valued at $1,698.7 Million in 2020, and is estimated to reach $2,625.23 Million by 2030, growing at a CAGR of 4.4% from 2021 to 2030.
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A blood gas test is performed on the blood gas and electrolyte to measure pH and blood gas that is concentration of hydrogen ions (pH), partial pressure of carbon dioxide (pCO2), and partial pressure of oxygen (pO2), in whole blood. It also measures electrolytes and metabolites. Imbalance in the oxygen, carbon dioxide, and pH levels in the blood of an individual can indicate the presence of certain medical conditions. These may include kidney failure, heart failure, uncontrolled diabetes, hemorrhage, chemical poisoning, a drug overdose, shock, asthma, and COPD.
The growth of the blood gas and electrolyte analyzers market is majorly driven due to the rise in prevalence of chronic diseases, rise in global geriatric population, and increase in awareness for early diagnosis. In addition, growing number of patients being treated in NICUs, ICUs, and emergency departments, rapid urbanization, and consumption of unhealthy food significantly boost the blood gas and electrolyte analyzers market growth.
Furthermore, according to World Health Organization (WHO) report from 2021, 1 in every 6 person globally will be 60 or older by 2030. At this point, the proportion of the population aged 60 and beyond s expected to rise from 1 billion in 2020 to 1.4 billion by 2050. The global population of adults aged 60 and above is predicted to have doubled that is about 2.1 billion. The number of people aged 80 and more is predicted to triple between 2020 and 2050, reaching 426 million. It is believed the aging population will generate more demand for blood gas and electrolyte analyzers as diagnostic testing use tends to increase as a person ages.
Moreover, in March 2020, Siemens Healthineers announced that the USFDA gave clearance for RAPIDPoint 500e Blood Gas Analyzer. The analyzer provides blood gas, electrolyte, metabolite, CO-oximetry, and neonatal bilirubin results, which are used to diagnose and monitor critically ill patients in the intensive care unit, operating room, or emergency room It delivers fast, accurate results and increases workflow efficiencies. Thus, such approvals increase the availability and significantly boost the growth of the market.
However, high cost of the analyzers and issues regarding regulation and reimbursement are expected to impede the market growth. Conversely, high market potential in the untapped emerging economies, rise in various product launch, partnerships, collaborations among the government and key players, and development of pipeline products are expected to provide many opportunities for blood gas and electrolyte analyzers market growth during the forecast period.
North America accounted for a majority of the global blood gas and electrolyte analyzers market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to increase in adoption of technologically advanced portable analyzers and combined blood gas and electrolyte analyzers in the hospitals, clinics, and emergency departments, presence of key players, and rise healthcare expenditure in the region. However, Asia-Pacific is anticipated to witness notable growth, owing to increase in geriatric population, unmet medical demands, and increase in investments in the healthcare sector in the region. Moreover, India and China are expected to grow at high CAGR in Asia-Pacific blood gas and electrolyte analyzers market.
For Purchase Related Queries/Inquiry -
Key Findings Of The Study:
The study provides an in-depth analysis of the blood gas and electrolyte analyzers market, current trends, and future estimations to elucidate the imminent investment pockets.
It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing blood gas and electrolyte analyzers market opportunities.
Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the blood gas and electrolyte analyzers market.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
blood-gas-and-electrolyte-analyzers-market2024
PORTLAND, IA, UNITED STATES, November 27, 2024 /EINPresswire / -- The blood gas and electrolyte analyzers market consist of sales of blood oxygen analyzer, full-automatic blood gas analyzer, tissue oxygen content measuring instrument, handheld blood gas analyzer, blood gas collector, semi-automatic electrolyte analyzer, potassium analyzer and fully automatic electrolyte analyzer. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.The global blood gas and electrolyte analyzers market size was valued at was valued at $1,698.7 Million in 2020, and is estimated to reach $2,625.23 Million by 2030, growing at a CAGR of 4.4% from 2021 to 2030.
Request Sample of the Report on:
A blood gas test is performed on the blood gas and electrolyte to measure pH and blood gas that is concentration of hydrogen ions (pH), partial pressure of carbon dioxide (pCO2), and partial pressure of oxygen (pO2), in whole blood. It also measures electrolytes and metabolites. Imbalance in the oxygen, carbon dioxide, and pH levels in the blood of an individual can indicate the presence of certain medical conditions. These may include kidney failure, heart failure, uncontrolled diabetes, hemorrhage, chemical poisoning, a drug overdose, shock, asthma, and COPD.
The growth of the blood gas and electrolyte analyzers market is majorly driven due to the rise in prevalence of chronic diseases, rise in global geriatric population, and increase in awareness for early diagnosis. In addition, growing number of patients being treated in NICUs, ICUs, and emergency departments, rapid urbanization, and consumption of unhealthy food significantly boost the blood gas and electrolyte analyzers market growth.
Furthermore, according to World Health Organization (WHO) report from 2021, 1 in every 6 person globally will be 60 or older by 2030. At this point, the proportion of the population aged 60 and beyond s expected to rise from 1 billion in 2020 to 1.4 billion by 2050. The global population of adults aged 60 and above is predicted to have doubled that is about 2.1 billion. The number of people aged 80 and more is predicted to triple between 2020 and 2050, reaching 426 million. It is believed the aging population will generate more demand for blood gas and electrolyte analyzers as diagnostic testing use tends to increase as a person ages.
Moreover, in March 2020, Siemens Healthineers announced that the USFDA gave clearance for RAPIDPoint 500e Blood Gas Analyzer. The analyzer provides blood gas, electrolyte, metabolite, CO-oximetry, and neonatal bilirubin results, which are used to diagnose and monitor critically ill patients in the intensive care unit, operating room, or emergency room It delivers fast, accurate results and increases workflow efficiencies. Thus, such approvals increase the availability and significantly boost the growth of the market.
However, high cost of the analyzers and issues regarding regulation and reimbursement are expected to impede the market growth. Conversely, high market potential in the untapped emerging economies, rise in various product launch, partnerships, collaborations among the government and key players, and development of pipeline products are expected to provide many opportunities for blood gas and electrolyte analyzers market growth during the forecast period.
North America accounted for a majority of the global blood gas and electrolyte analyzers market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to increase in adoption of technologically advanced portable analyzers and combined blood gas and electrolyte analyzers in the hospitals, clinics, and emergency departments, presence of key players, and rise healthcare expenditure in the region. However, Asia-Pacific is anticipated to witness notable growth, owing to increase in geriatric population, unmet medical demands, and increase in investments in the healthcare sector in the region. Moreover, India and China are expected to grow at high CAGR in Asia-Pacific blood gas and electrolyte analyzers market.
For Purchase Related Queries/Inquiry -
Key Findings Of The Study:
The study provides an in-depth analysis of the blood gas and electrolyte analyzers market, current trends, and future estimations to elucidate the imminent investment pockets.
It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing blood gas and electrolyte analyzers market opportunities.
Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the blood gas and electrolyte analyzers market.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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