The [FURL=https://www.industryarc.com/Report/16942/blood-gaselectrolyte-analyzers-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease] Blood Gas and Electrolyte Analyzers Market[/FURL] size was estimated at $2.68 billion in 2020, projected to grow at a CAGR of 6.7% during the forecast period 2021-2026. Blood gas analyzers are used to measure blood gas, electrolyte, pH and some metabolites in the whole blood specimen. Rapid urbanization, changing lifestyle, wrong eating habits, blood vessel hemorrhage, chronic disorders and technological advancements in blood gas analyzer are the major factors driving the blood gas analyzer market for the period. These analyzers offers various advantages in critical care patients and ideal in point-of-care testing segment. According to the National Heart, Lung and Blood Institute Atherosclerotic Risk in Communities (ARIC) study and Cardiovascular Health Study (CHS) there are 1,260,000 new and recurrent coronary attacks per year- about 37% people experience coronary attack in a given year die from it. The use of these analyzer in medical diagnosis is used to determine a patient disease and help in preventing such critical conditions is contributing to market growth.Key Takeaways
Geographically, the North America region held 40.2% of the total market share in 2020 owing to the rising geriatric population, growing cardiopulmonary resuscitation cases and increasing health concerns.
Increasing incidence of chronic diseases leading to diabetes and other cardiovascular diseases is a major driving force for the Blood Gas and Electrolyte Analyzer Market during the forecast period 2021-2026.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Blood Gas and Electrolyte Analyzers Market.
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Blood Gas and Electrolyte Analyzers Market Drivers
Increasing incidence of chronic diseases
Increasing incidence of chronic diseases leading to diabetes and other cardiovascular disease is a major factor driving the Blood Gas and Electrolyte Analyzer Market during the forecast period 2021-2026.
Technological Advancement in Blood Gas and Electrolyte Analyzer
Technological Advancements in Blood Gas and Electrolyte Analyzer is a major factor driving its market during the forecast period 2021-2025.
Blood Gas and Electrolyte Analyzers Market. Key companies of this market are Abbott Laboratories, Roche Diagnostics, Instrumentation Laboratory, Siemens Healthcare, RadioMeter Medical, Medica Corporation, Edan Instruments, Bayer, Accurex, and Alere, Inc.
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