Blood Gas and Electrolyte Analyzer Market

Blood Gas and Electrolyte Analyzer Market
- Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2015 - 2023
The competitive landscape of blood gas and electrolyte analyzer
manufacturers is extremely consolidated, with the top three
players taking up 75% of the total market value in 2014.
Radiometer Medical ApS led the market at the time with over
41% of the market, followed by Siemens Healthcare and
Instrumentation Laboratory. Radiometer Medical ApS has
consistently held the top position in blood gas and electrolyte
analyzer production and sales through a broad product portfolio
and a high rate of market penetration.
A common trend shown by all top players in increasing their
production and R&D efforts in point-of-care devices, according
to Transparency Market Research. While these device types will
not entirely replace the conventional tabletop analyzers, they
will be used across a much wider application spectrum.
Portability of Blood Gas Analyzers Adds Heavily to Their
Rate of Use
“The introduction of portable blood gas and electrolyte
analyzers was one of the bigger steps taken for this market,”
explains a TMR analyst. “It means that healthcare organizations

can use them in ambulatory and other emergency care
applications, rather than conventional use in high priority
hospital care.”
Browse Full Research Report on Blood Gas and Electrolyte
Analyzer Market:
http://www.transparencymarketresearch.com/blood-gas-electrolyteanalyzers.html
It is only one of the major changes that have occurred in blood
gas and electrolyte analyzer technology recent times. The
adoption of point-of-case diagnosis in healthcare, for instance,
has allowed these devices to attain an important position next to
patient beds. Additionally, blood gas analyzers are becoming
increasingly smarter and more synchronized, allowing them to
help maintain patient record management a lot easier.
Inaccurate Calibration and Misdiagnosis Still a Problem
with Blood Gas and Electrolyte Analyzers
One of the key restraints to the growth of blood gas and
electrolyte analyzers still remains to be the use of badly
calibrated blood gas analyzers, especially the portable ones.
Their use by inexperienced non-laboratory personnel
significantly increases the changes of the devices going without
regular maintenance and recalibration, creating a large scope for
error in diagnosis.

Another issue that blood gas and electrolyte analyzer companies
are struggling with is to resolve the issue of personnel using
faulty samples. The two leading causes of misdiagnosis through
blood gas and electrolyte analyzers is to use arterial blood with
air bubbles or the use of mixed venous blood or even venous
blood.
North America Will Continue Leading Blood Gas and
Electrolyte Analyzer Sales
North America held the leading revenue collection in 2014 and
2015. By the end of 2016, it is expected to cross US$605 mn,
and is expected to progress at a CAGR of 9.86% between 2014
and 2023. This is the top growth rate among all geographical
segments for blood gas and electrolyte analyzers and will
therefore maintain its leading position till 2023.
Combination analyzers and consumables are expected to
contribute a huge chunk of revenue of blood gas and electrolyte
analyzer players by being propelled at high CAGRs. Revenue
generation of consumables such as electrolytes and electrodes is
expanding at a strong CAGR of 13.02% from 2015 to 2013.

The global blood gas and electrolyte analyzer revenue
generation is expected to expand at a CAGR of 9.66% between
2015 and 2023. The total revenue expected by the end of 2016 is
around US$1.8 bn. By the end of 2023, this market is expected
to reach US$3.4 bn.
The information presented in this review is based on a
Transparency Market Research report, titled, “Blood Gas and
Electrolyte Analyzer Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2015 - 2023.”
Browse Full Press Release on Blood Gas and Electrolyte Analyzer
Market:
Press Release
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