Sarasota, FL -- (SBWIRE) -- 04/09/2019 -- Zion Market Research has published a new report titled "Blood Gas and Electrolyte Analyzers Market by Product (Portable and Benchtop), by Application (Combined Analyzers, Electrolyte Analyzers, Blood Gas Analyzers, and Others), and by End-User (Clinical Laboratories and Point-of-Care): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025". According to the report, the global blood gas and electrolyte analyzers market was valued at approximately USD 1,449 million in 2018 and is expected to generate around USD 2,127 million by 2025, at a CAGR of around 5.6% between 2019 and 2025.

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Blood gas and electrolyte analyzers monitor blood pH, plasma, electrolytes, and metabolite from the whole blood sample. Blood evaluation is an important step in the critical care and highly accurate blood gas and electrolyte analyzer can streamline the procedure and minimize the probability of errors with minimum maintenance. Some blood gas analyzers also offer auto mixing of blood sample feature with an in-built user interface, which also consists of an automated QC with regulatory and accuracy compliance.

Increasing prevalence of chronic disorders, rising geriatric population, growing demand for integrated systems with high throughput, escalating need for prolonged test menus, growing healthcare expenditure on chronic disease treatment, increasing number of patients requiring critical care facilities, rising trend of undergoing consistent diagnostic investigations, increasing product approval numbers, rapidly growing global population, and accelerating number of cancer cases are major driving factor of the global blood gas and electrolyte analyzers market. However, issues related to the interpretation of blood analysis data, complex governing setup, and lack of advanced healthcare infrastructure in developing regions may restrict the global blood gas and electrolyte analyzers market.

The global blood gas and electrolyte analyzers market has been split into product, application, and end-user. Based on product, the blood gas and electrolyte analyzers market is segmented into portable and benchtop. The portable segment accounted for over 64% of the overall product segment in 2018, due to its capability to deliver instant test results with quick turnaround time. The application segment is divided into combined analyzers, electrolyte analyzers, blood gas analyzers, and others. Combined analyzers dominated the market in 2018 and accounted for over 49% of the overall application segment, due to a wide-ranged set of commercialized products. The end-user segment includes clinical laboratories and point-of-care. Clinical laboratories accounted for over 68% of the overall end-user segment in 2018.

By region, North America accounted for over 37% of the global blood gas and electrolyte analyzers market in 2018. It is also likely to lead in the future as well, owing to the high awareness among the medical practitioners and patients, huge government spending on healthcare, high per capita healthcare expenditure, rising cancer prevalence, the presence of favorable reimbursement scenario, availability of state-of-the-art healthcare setup, and early adoption of latest technologies. Europe will be the second largest blood gas and electrolyte analyzers market globally over the estimated timeframe, owing to the growing geriatric population, high cancer prevalence, huge public funding in healthcare, and governmental efforts to increase awareness regarding blood gas and electrolyte analyzers. The Asia Pacific blood gas and electrolyte analyzers market will grow at a rapid rate over the forecast period due to huge population base, favorable government measures, rise in the per capita healthcare expenditure, increased investment made by major companies in the field of combined analyzers research, and launch of new and innovative blood gas and electrolyte analyzer devices.

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Some key players of the global blood gas and electrolyte analyzers market are Siemens Healthcare GmbH, Radiometer Medical, Instrumentation Laboratory, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Nova Biomedical, Erba Mannheim, OPTI Medical, and Edan Instruments, Inc.

This report segments the global blood gas and electrolyte analyzers market into:

Global Blood Gas and Electrolyte Analyzers Market: By Product

Portable
Benchtop

Global Blood Gas and Electrolyte Analyzers Market: By Application

Combined Analyzers
Electrolyte Analyzers
Blood Gas Analyzers
Others

Global Blood Gas and Electrolyte Analyzers Market: By End-User

Clinical Laboratories
Point-of-Care

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Global Blood Gas and Electrolyte Analyzers Market: By Region

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa