Blood Gas Analyzer Market to Observe Prominent CAGR Growth of 5.10% by 2030, Demand, Challenges and Competitive Outlook
The significant Blood Gas Analyzer Market research report takes into consideration key market dynamics of the sector. The current market scenario and future prospects of the sector have also been examined here. Further, it presents the company profile, product specifications, production value, and contact information of manufacturer and market shares for company. All the numerical data included in the report is backed up by excellent tools such as SWOT analysis, Porter's Five Forces Analysis and others. The statistics are signified in graphical and tabular format for a clear understanding on facts and figures. The large scale Global Blood Gas Analyzer marketing report also analyzes the emerging trends along with major drivers, challenges and opportunities in the market.
Data Bridge Market Research analyses that the blood gas analyzer market was valued at USD 668.4 million in 2022 and is expected to reach USD 995.08 million by 2030, growing at a CAGR of 5.10% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The blood gas analyzers are widely utilized to measure electrolyte, pH, blood gas, and some metabolites in the whole blood specimen. Some of the common blood gas analyzers will measure lactate, glucose, and bilirubin. These measurements show the build-up or breakdown of chemical components in the body, representing pulmonary status or disease condition.
Some of the major players operating in the Blood Gas Analyzer market are:
· Abbott (U.S.)
· Dalko diagnostics (India)
· EDAN Instruments, Inc.(China)
· F. Hoffmann-La Roche Ltd (Switzerland)
· Instrumentation laboratory (U.S.)
· Radiometer (Denmark)
· Siemens Healthcare GmbH (U.S.)
· Thermo Fisher Scientific Inc. (U.S.)
· TECOM Analytical Systems (Austria)
· OPTI MEDICAL SYSTEMS (U.S.)
· Erba Mannheim (Germany)
· Medica Corporation (U.S.)
· Alere Inc (U.S.)
Opportunities
· Increasing Advantages of Blood Gas Analyzers
As per the National Heart, Lung and Blood Institute Atherosclerotic Risk in Communities (ARIC) study and Cardiovascular Health Study (CHS) in 2021, there are around 1,260,000 new and recurrent coronary attacks every yearabout 37% of people experience a coronary attack in a year and eventually die from it. Using these blood gas analyzers will help determine a patient's disease and help avoid such critical conditions leading to market growth.
· Growing Product Launches
The growing product launches and collaborations are boosting the growth of the market. For instance, ENVEA launched its new portable multi-gas monitor MIR 9000P in January 2021 designed to meet the precise needs of regulatory and periodic MIR 9000P and is compliant with international directives such as United States Environmental Protection Agency and EN 15267-4. It guarantees increased accuracy and prolonged measuring ranges for 8 parameters namely NOx, N2O, CO, CO2, SO2, CH4, O2 and residual H2O. Thus, these kind of launches are driving the market growth.
Global Blood Gas Analyzer Market Scope
The blood gas analyzer market is segmented on the basis of product type, modality and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
· i-Stat
· ePOC
· GEM Premier
· ABL Flex
· Cobas,
· RAPID Series
· Others
Modality
· Portable
· Bench-top
Distribution Channel
· Hospital, Diagnostics Centers
· Clinics
· Ambulatory Surgical Centers
· Educational Institutes
· Others
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Important Facts about Blood Gas Analyzer Market Report:
· The Global Blood Gas Analyzer research report reveals this business overview, product overview, market share, demand and supply ratio, supply chain analysis, and import/export details
· The Industry report captivates different approaches and procedures endorsed by the market key players to make crucial business decisions
· This research presents some parameters such as production value, marketing strategy analysis, Distributors/Traders and effect factors are also mentioned
· The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed
· The import and export details along with consumption value and production capability of every region is mentioned in the report
· Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth
· The report provides the clients with the facts and figures about the market on the basis of evaluation of the industry through primary and secondary research methodologies
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