Global Blood Gas And Electrolyte Analyzers Market Is Estimated To Witness High Growth Owing To The Growing Geriatric Population And Rising Healthcare Expenditure

 

Blood Gas and Electrolyte Analyzers Market

Overview:

Blood gas and electrolyte analyzers are clinical diagnostic instruments used to detect blood gases and electrolytes. They can be found in clinical laboratories, hospitals and other medical facilities. Various blood and electrolyte analyzers are available in the market with different features and accuracy. The rising geriatric population is expected to drive the market growth. The increasing number of patients treated in crisis units will also boost the market. Moreover, technological advancements and increased investment in healthcare infrastructure will lead to a larger market base. Moreover, the integration of blood gas and electrolyte analyzers with laboratory information systems is expected to provide a positive outlook for the global market.

Market Dynamics:

Increasing product launches is estimated to augment growth of the global blood gas and electrolyte analyzers market during the forecast period. For instance, the epoc Blood Analysis System was launched by Siemens healthiness in April 2021. This is a wireless, handheld solution that enables comprehensive blood analysis testing. This supports COVID-19 response efforts as blood testing plays an important role in managing patients.  Moreover, lack of skilled healthcare professionals is anticipated to restrain growth of the global blood gas and electrolyte analyzers market during the forecast period.

 

Impact of COVID-19:

 

The pandemic impacted many sectors including the healthcare sector. The pandemic led to imposition of strict restriction by governments for preventing t eh spread of the virus. Many surgeries and treatments were postponed owing to the pandemic.  Hospitals were running on full capacity and they were prioritizing COVID-19 patients. There was a shortage f skilled professionals, drugs, medical equipment and medical consumables. This shortage affected the ongoing treatments of patients. Increasing cases of COVID-19 led to rise in demand for blood gas and electrolyte analyzers in several clinics and hospitals.  The pandemic impacted the global blood gas and electrolyte analyzers market in a positive manner.

 

Key Takeaways:

 

The global blood gas and electrolyte analyzers market is expected to witness high growth, exhibiting CAGR of XX% over the forecast period, due to increasing product approvals. For instance, a leading diagnostics solutions marketplace Sysmex America Inc., gained clearance for their N-10 Automated Hematology Analyzer with Blood Bank mode in June 2022. This is the first automated analyzer that has been cleared for residual WBC counting.

North America is anticipated to witness significant growth in the global blood gas and electrolyte analyzers market over the forecast period, owing to increasing government support and presence of well-developed healthcare infrastructure.

Major players operating in the global blood gas and electrolyte analyzers market are Erba, OPTI Medical Systems Inc., Dalko Diagnostics, EDAN Instruments Inc., Alere Inc., The Samsung Group, Instrumentation Laboratory, Radiometer Medical ApS, Roche Diagnostics, Novastat, and Erba Mannheim.