Global Blood Gas Analyzers Market 2017-2021

Overview of the global blood gas analyzers market

According to blood gas analyzers market analysis, the global blood gas analyzers market will grow at a CAGR of more than 6% during the forecast period. The growing demand for personalized medicines is identified as one of the key drivers that will stimulate the market’s growth by 2021. The development of whole genome technology, companion diagnostics, and the rising number of retail clinics, will drive the popularity of personalized medicine. This, in turn, will boost the need for the treatment of diseases based on the individual's diagnosis response. Blood gas analyzers are diagnostic instruments that are used to diagnose these diseases. Blood gas analysis offers personalized treatment that is dependent on the diagnosis of blood and lipid. The correct treatment process involves various tests for monitoring cholesterol, blood glucose, and glycated hemoglobin and is managed through real-time and customized blood gas analyzers.

One of the key blood gas analyzers market trends that will gain traction in the market is the improvement of the healthcare industry. The real-time diagnosis of diseases that helps to reduce the number of sudden death cases by speeding up the patient's treatment process. The improvement in healthcare sector requires innovative diagnostic instruments like blood gas analyzers since they offer successful clinical results like point-of-care testing (POC).

Competitive landscape and key vendors

The blood gas analyzers market consists of both the international and regional vendors. Key players are taking efforts to enhance their footprint across different geographical regions. This will make it difficult for the regional vendors to compete against these international vendors in terms of quality, price, market reach, and financial resources. The increase in product innovations and service extensions will strengthen the market’s competitive landscape. To remain competitive in this global market, several vendors are adopting mergers and acquisition strategies.

Key vendors in this market are 

• Radiometer
• Roche Diagnostics
• Abbott Laboratories
• Siemens Healthineers

Other prominent vendors in the market include Accurex Biomedical, Instrumentation Laboratory, Medica, Nova Biomedical, and Samsung Medison.

Segmentation by product type and analysis of the blood gas analyzers market

• Portable
• Benchtop

Based on the blood gas analyzers market report, portable blood gas analyzers are highly preferred because they are easy to use and occupy less space in laboratories. The demand for portable analyzers was high during 2016 due to the significant increase in the shift towards point of care (POC) testing. The introduction of POC instruments results in advancements and upgradations of portable analyzers. Owing to their advantages such as simpler sample collection, simpler pre-analytical process, and the removal of pathology access barriers, the adoption of portable analyzers will continue to increase in the coming years, especially in hospitals.

Segmentation by geography and analysis of the blood gas analyzers market

• Americas
• APAC
• EMEA

The Americas has the presence of several huge pharmaceutical companies. The region accounted for the majority of the market shares during 2016 due to the increasing number of R&D activities carried out to innovate new diagnostic procedures by using blood gas analyzers and other instruments. Countries such as Brazil, Canada, and Mexico are witnessing an improvement in their healthcare infrastructure. This will boost the adoption of advanced diagnostic instruments, which will consequently drive the need for efficient devices for analysis such as blood gas analyzers.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global blood gas analyzers market?
• What are the key market trends impacting the growth of the global blood gas analyzers market?
• What are the challenges to market growth?
• Who are the key vendors in the global blood gas analyzers market?
• What are the market opportunities and threats faced by the vendors in the global blood gas analyzers market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global blood gas analyzers market?

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