Blood Gas and Electrolyte Analyzers Market Insights, Trends, Outlook, and Opportunity Analysis, forecast 2018-2026

 

Blood Gas and Electrolyte Analyzers

In whole blood samples, Blood Gas and Electrolyte Analyzers are used to measure parameters such as pH, blood gas, electrolytes, and metabolites. The balance between the renal (kidney), blood, and lung is shown by the pH value of blood and plasma or serum. The pCO2 measurement of arterial blood is used to determine how well carbon dioxide is removed from the body. The pO2 value in arterial blood is a measure of oxygen absorption by the body in the lungs, whereas a by-product of metabolism. Electrolytes and metabolites give further information about metabolism.

Furthermore, the need for Blood Gas and Electrolyte Analyzers is increasing as the number of patients treated in NICUs, ICUs, and emergency departments grows. The market for blood gas and electrolyte analyzers is also growing due to an increase in the number of people suffering from chronic illnesses and cancer. Furthermore, advances in blood gas and electrolyte analyzers, as well as a rising number of product approvals, are important drivers driving the blood gas and electrolyte analyzers market forward. The difficulty of interpreting blood analysis results, on the other hand, is impeding industry expansion.

Growing elderly population, who are more likely to acquire cancer and chronic illnesses, necessitating regular blood gas testing and point-of-care (PoC) diagnostic assessment, is expected to drive the Blood Gas and Electrolyte Analyzers Market forward. Chronic illnesses caused roughly 3 million deaths worldwide in 2015, according to the World Health Organization, accounting for 5% of all fatalities that year. As a result, the number of emergency cases increased significantly, producing a strong need for blood gas and electrolyte analyzers.

The rise in prevalence of chronic disorders, increase in the global geriatric population, increase in the number of patients treated in ICUs, NICUs, and emergency departments, technological advancements in Blood Gas and Electrolyte Analyzers, and increase in the number of product approvals globally are all driving the growth of the blood gas and electrolyte analyzers market.

Integration of blood gas analyzers with electronic medical records and laboratory information systems represents a significant market expansion opportunity. These integrated solutions not only allow for reliable patient monitoring, but they also aid in the streamlining of operations. Furthermore, throughout the forecast period, the need for technology-integrated combination systems and point-of-care devices is likely to considerably drive the blood gas and electrolyte analyzers market.

Furthermore, the availability of various portable, benchtop, easy to use, with higher accuracy and rapid devices, as well as the government's various initiatives and strategies, as well as key market players' pivotal roles in raising awareness for diagnosis, all contribute to the blood gas and electrolyte analyzers market's growth.

The industry has been fuelled even more by a significant increase in global healthcare spending. The expansion in population, particularly among the elderly, and the increased use of medical services are the two key reasons driving up healthcare costs. The market for Blood Gas and Electrolyte Analyzers is projected to be hampered by the high cost of analyzers and the complexity of interpreting blood analysis data.