Healthcare Industry Blood Gas and Electrolyte Analyzers Market Report

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Blood Gas and Electrolyte Analyzers Market Analysis, Size, Share,
Growth, Regional Outlook and Forecasts to 2024: Hexa Research
" The global blood gas and electrolyte analyzers
market is expected to grow at a CAGR of 4.7% during
the forecast period (2016-2024). It is estimated to
reach around USD 715 million by 2024."
The worldwide global Blood Gas and Electrolyte Analyzers Market size is anticipated to reach nearly USD 715
million by 2024. Rise in diseases such as cancer, obesity, diabetes, and respiratory disorders can drive the
market during the forecast period (2016 to 2024). These devices help in the diagnosis of diseases, such as
chronic obstructive pulmonary disease (COPD), drug overdose, and asthma among others. Demand for portable
devices, introduction of newer technologies, and rising healthcare expenditure can impel the industry.
Moreover, multi-parameter monitoring devices could favor industry growth.
Increasing geriatric population will also propel market growth. As per the World Health Organization (WHO),
the population belonging to the age group of 65 years & above may rise to 16% by 2050 from 7% in 2000. This
in turn can increase the demand for point-of-care diagnostic testing which can positively impact the global
market in the long run. Lack of trained professionals is a major restraint in the global industry. Additionally,
unfavorable reimbursement scenarios and complexities in the interpretation of test results are the other
market challenges.
The blood gas and electrolyte analyzers market is fragmented into products, applications, end-users, and
geographies. On the basis of applications, the industry is segmented into electrolyte analyzers and com bined
analyzers . Combined analyzers may continue dominating the overall market in the forecast period. This
segment is projected to grow at a CAGR nearly 5.5%. They provide results for both electrolyte & blood count in
samples of blood, serum, creatinine, and dialysate or plasma. Also, these devices can analyze urine, nitrogen,
and electrolytes in a single test sample.
Browse Details of Report @ https://www.hexaresearch.com/research-report/blood-gas-electrolyte-
analyzers-market
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