Overview:
Blood gas analysis is done for a critically ill individuals suffering from respiratory or metabolic disorders. Blood gas analyzers are medical devices used to measure pH, blood gas, amount of oxygen, and other parameters, such as lactate, hemoglobin, glucose, electrolytes, ascreatinine, among others. These analyzers use electrodes to determine amount of oxygen in the blood and partial pressure of carbon dioxide. An imbalances in carbon dioxide, oxygen, and pH levels in blood may indicate the presence of certain medical conditions, such as heart failure, kidney failure, hemorrhage, uncontrolled diabetes, chemical poisoning, and/or drug overdose.
The global blood gas analyzers market size was valued at US$ 594.6 million in 2021 and is expected to witness a CAGR of 5.5% over the forecast period (2022 – 2028).
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Market Drivers:
Growing demand for point of care (POC) testing across the globe is expected to augment the growth of the global blood gas analyzers market over the forecast period. Blood gas analyzers are used for people suffering from medical conditions, such as Chronic Obstructive Pulmonary Disease (COPD) and asthma. They are also used in emergency and intensive care departments to assess the patient’s clinical status.
Moreover, high prevalence of chronic diseases and growing geriatric population worldwide is expected to boost growth of the global blood gas analyzers market. Geriatric population at high risk of various chronic diseases. For instance, as per the U.S. Census Bureau, the population of people aged 65 years and more is expected to grow by more than 60% between 2015 and 2030. Furthermore, according to the World Health Organization (WHO), in 2015, about 3 million deaths were caused by chronic diseases, which accounts for 5% of all deaths worldwide.
Market Restraints:
High risk of infection and dearth of skilled professionals is expected to hamper the growth of the global blood gas analyzers market. Blood gas analyzers can be difficult to use and therefore, require trained laboratory personnel.
Regional Insights:
Among regions, North America is expected to witness substantial growth in the global blood gas analyzers market owing to the high prevalence of lifestyle-induced diseases and growing geriatric population in the region. For instance, as reported by the Centers of Disease Control and Prevention (CDC), more than 1.7 million people in the United States suffered from chronic and unspecified bronchitis in 2017.
Asia Pacific is expected to witness robust growth in the global blood gas analyzers market due to increasing patient population in the region. For instance, according to WHO, in 2016, more than 90% of deaths were due to COPD in low- and middle-income economies.
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Competitive landscape:
Major players active in the global blood gas analyzers market are Alere, Abbott Laboratories, Bayer AG, GE Healthcare, Dalko Diagnostics, Instrumentation Laboratory, Radiometer, Nova Biomedical, Roche Diagnostics, Sphere Medical, and Siemens Healthcare, among others.
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◘ Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Blood Gas Analyzers Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Blood Gas Analyzers Market are also given.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Blood Gas Analyzers Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Blood Gas Analyzers Industry Impact
Chapter 2 Global Blood Gas Analyzers Competition by Types, Applications, and Top Regions and Countries
2.1 Global Blood Gas Analyzers (Volume and Value) by Type
2.3 Global Blood Gas Analyzers (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Blood Gas Analyzers Sales, Consumption, Export, Import by Regions
Chapter 5 North America Blood Gas Analyzers Market Analysis
Chapter 6 East Asia Blood Gas Analyzers Market Analysis
Chapter 7 Europe Blood Gas Analyzers Market Analysis
Chapter 8 South Asia Blood Gas Analyzers Market Analysis
Chapter 9 Southeast Asia Blood Gas Analyzers Market Analysis
Chapter 10 Middle East Blood Gas Analyzers Market Analysis
Chapter 11 Africa Blood Gas Analyzers Market Analysis
Chapter 12 Oceania Blood Gas Analyzers Market Analysis
Chapter 13 South America Blood Gas Analyzers Market Analysis
Chapter 14 Company Profiles and Key Figures in Blood Gas Analyzers Business
Chapter 15 Global Blood Gas Analyzers Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology….
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