Deep Analysis of Impact of COVID-19 on “Blood Gas and Electrolyte Analyzers Market 2012-2022” Growth Worldwide….



Global blood gas and electrolyte market is expected to reach USD 653.5 million by 2022, according to a new study by Grand View Research Inc. Rising number of patients in ICU and critical care units and increasing demand for high throughput and integrated systems are some key factors likely to drive the blood gas and electrolyte analyzers market. Growing global geriatric population base is also expected to significantly contribute towards market growth over the forecast period, by triggering the incidence rates of target diseases and widening the base of patients requiring critical care. Furthermore, the emergence of multi-parameter monitoring devices owing to, expanding test menus and growing demand for portable devices is expected to boost usage rates over the forecast period. The availability of blood gas analyzers has helped enhance the care of critically ill patients allowing for frequent diagnosis and monitoring of respiratory problems and ability to guide prognosis and therapy. Rising demand for technically advanced sleek handheld devices involving short turnaround time has resulted in the development of more compact, sleek, handheld point-of-care devices. For instance, the OPTI CCA-TS2 blood gas and electrolyte analyzers use innovative optical technology and provide fast results while requiring minimal maintenance.
With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.
The global blood gas and electrolyte analyzers market size is anticipated to reach USD 653.5 million by 2022. Factors that are driving the growth include increase in number of patients in intensive care units, emergency departments, and operation rooms, rising demand for high throughput and integrated systems, consolidation of diagnostic facilities, awareness about accreditation, and increasing affordability of patients. 
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Key players for this market include Siemens, Medica, Roche, Erba, Nova stat, Bayer, Radiometer Medical, Samsung Medison, Edan Instruments, OPTI Medical systems Inc., Convergent Technologies, Alere Medical, Accurex, and Dalko Diagnostics.
Further key findings from the study suggest:
·         Portable analyzers dominated the market with a share of over 60.0% in 2014 and are also expected to witness lucrative growth over the forecast period. Growing demand for automated, self-monitoring, portable devices, shorter analysis time, and quick accurate results are key factors boosting the growth of this segment.
·         Combined blood gas and electrolyte analyzers are expected to rapidly gain market share over the forecast period. Rising need for analyzers, which can analyze blood and electrolyte samples together are swiftly gaining popularity among users.
·         North America accounted for more than 40% of the blood gas and electrolyte analyzers market in 2014. Presence of sophisticated healthcare infrastructure along with favorable reimbursement plans are some key factors expected to drive regional market growth.
·         Presence of high unmet needs clubbed with rapidly improving healthcare infrastructure in the emerging markets of India and China is expected to help Asia Pacific grow at a lucrative rate throughout the forecast period. Growing demand for decentralized point-of-care diagnostic facilities handling large volumes of diagnostic tests is also expected to drive regional market growth.
·         Key players of the blood gas and electrolyte analyzers market include Siemens, Medica, Roche, Nova Stat, Bayer, Radiometer Medical, Convergent technologies, Dalko Diagnostics, Afford Medical Technologies, and Accurex Biomedical Pvt. Ltd.
In recent years, the geriatric population has been on a rise which has led to an increase in the number of patients in emergency departments, critical care units, and operating rooms receiving critical care. This in turn fuels the market potential for blood gas and electrolyte analyzers. According to WHO the global population of age group 65 years and above is estimated to increase from 7% in 2000 to 16% in 2050. Aging is considered as one of the greatest risk factors for the development of cancer and therefore, the fact that the geriatric population is expected to grow over the next six years is one of the factors that will drive the growth.
Portable blood gas and electrolyte analyzers market is marked by continuous innovations and technology improvements which are amongst key factors attributing to the growth of the market. Innovation and technological advancements has resulted in the development of novel devices from bench-top to more compact, handheld, and sleek point-of-care devices. Point-of-care devices offer rapid analysis at the point of need due to its ease-of-use, accuracy, short turnaround time, and portability.
The need for expanded test menus is additionally integrating the functionalities of both blood gas and electrolyte analysis to offer multiple testing of electrolytes, bilirubin, creatinine, and blood urea nitrogen from a single sample. For instance, Sphere medical Ltd, located in Cambridge, UK designed a blood chemical analyzer which includes a disposable sensor and an application specific integrated circuit (ASIC). The device can measure single or some multiple components in a given blood sample simultaneously.
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https://www.grandviewresearch.com/press-release/global-blood-gas-and-electrolyte-analyzers-market
Grand View Research has segmented the blood gas and electrolyte analyzers market on the basis of products, application, end-use:
Global Blood Gas and Electrolyte Analyzers Market, Product Outlook (Revenue, USD Million, 2012 - 2022)
·         Benchtop
·         Portable
Global Blood Gas and Electrolyte Analyzers Market, Application Outlook (Revenue, USD Million, 2012 - 2022)
·         Blood gas analyzers
·         Electrolyte analyzers
·         Combined analyzers
Global Blood Gas and Electrolyte Analyzers Market, End-use Outlook (Revenue, USD Million, 2012 - 2022)
·         Clinical laboratories
·         Point-of-care
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.





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