14 March 2019: Global Blood Gas Analyzer Market is anticipated to witness exponential growth in the
forecast period. Blood gas analyzer is used to measure various parameters from
whole blood samples, such as blood gas (pO2 and pCO2), pH, metabolites, and
electrolytes. The factors that propel the growth of the market include
increasing number of patients in intensive care units and operation rooms,
rising demand for integrated systems, and high throughput. Also, factors like
growing consciousness regarding authorization, increasing affordability among patients
and consolidation of diagnostic facilities might contribute greatly to the
market growth. On the other hand, there are factors that may hamper the growth
of the market including difficulties involved in the interpretation of blood
analysis data.
Blood
gas analyzer market is anticipated to grow at a CAGR of 6.6% in the upcoming
period as the scope, product types, and its applications are increasing across
the globe. The new trend for blood gas analyzer is acceptance of
standardization and automation across the In-vitro diagnostics industry. Owing
to the cost-cutting in clinical lab fees, the profit per test is decreasing,
that is eventually compelling the laboratories to concentrate on volume rather
than value. Also, the need for quality and error-free results is growing.
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The
market may be explored by type, application, and geography. Market may be
explored by product type as Benchtop Blood Gas Analyzers and Portable Blood Gas
Analyzers. The “Portable Blood Gas Analyzers” segment led the market in 2016
and will continue to lead in the forecast period.
The
key factors that could be attributed to the growth of the market include
advantages including simpler pre-analytical process, removal of pathology
access barriers, and easy sample collection, and acceptance of portable analyzers
particularly in the hospital sector. The key applications that could be
explored in the market include Anesthesia, Cardiovascular Surgery, ICU and
Others.
Some
of the key players that fuel the growth of the blood gas analyzer market
comprise Medica, Siemens Healthcare, Roche, Instrumentation Laboratory (A
Werfen Company), Bayer, Abbott Laboratories, Ge Healthcare, Opti Medical,
Samsung Madison, Irma Trupoin, Perlong Medical, Edan Instruments, Dalco
Diagnostics, Convergent Technologies, Heska, Nova Biomedical, Sphere Medical
and Meizhou Cornley Hi-Tech and Radiometer Medical (A Subsidiary Of Danaher).
The leading companies are taking up partnerships, mergers and acquisitions, and
joint ventures in order to boost the inorganic growth of the industry.
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