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Get more details @ http://bit.ly/2l1txJB <br>Major companies operating in the blood gas and electrolyte analyzers market include Instrumentation Laboratories, Roche Diagnostics, Siemens Healthcare, Alera Medical, Radiometer, and among others.
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Blood Gas and Electrolyte Analyzers Market to grow at 4.5% CAGR from 2016 to 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024
KeyInsights from Blood Gas and Electrolyte Analyzers Market: • Global Market Insights, Inc. says Blood Gas and Electrolyte Analyzers Market size is set to exceed USD 700 million by 2023. • Growing prevalence of chronic diseases has led to significant increase in traffic of emergency cases creating a huge demand for blood gas and electrolyte analyzers. • Combined analyzers are identified as the most lucrative application segment of the blood gas and electrolyte analyzers market, projected to grow at a CAGR of 5.5%, during the forecast timeframe. • The growth in point of care (PoC) devices market is set to push the demand for blood gas and electrolyte analyzers market. Shortage of technical expertise to operate the devices and huge maintenance costs has led to increase in adoption of automated and self-contained devices.
Continued... • The blood gas and electrolyte analyzers market is witnessing introduction of technological advancements in devices such as compact nature, and more sensitive test results, along with growing demand for multi-parameter monitoring equipment with high throughput. • U.S. was the leading blood gas and electrolyte analyzers market with revenue share of over 34% of the overall industry. The region has shifted to patient-centric healthcare approach by adopting PoC diagnostics, leading to huge demand for blood analyzers. • Asia Pacific and Latin America are likely to offer blood gas and electrolyte analyzers market potential growth platform in the coming years, due to huge presence of underserved asthma and COPD patients and tremendous improvement in healthcare infrastructure and facilities. • India was the fastest growing country in APAC in 2015 registering a CAGR of 10.5% during the forecast period.
Germany Blood Gas & Electrolyte Analyzers Market Size, by Product, 2012- 2023 (USD Million)
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Continued... • This is attributed to rise in awareness regarding diagnosis of asthma, and other respiratory disorders. India faces a challenge of air pollution leading to high prevalence rate of respiratory diseases. • The increasing prevalence of COPD in countries such as India increases the cost burden of disease on government and productivity leading to economic losses. • Over 90% of COPD deaths occur in low and middle income countries, since most of the population here is exposed to harmful pollutants, occupational chemicals, and observe high rate of smoking. • Major companies operating in the blood gas and electrolyte analyzers market include Instrumentation Laboratories, Roche Diagnostics, Siemens Healthcare, Alera Medical, Radiometer, and among others.
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