Global Blood Gas Analyzers (BGA) Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

Blood gas analyzer is a blood testing instrument in clinical laboratory which measures hydrogen ions to determine the pressure of carbon dioxide & oxygen present and the amount of acidity in the blood. The body’s oxygen absorption and carrying efficiency is ascertained by the oxygen pressure, while acid elimination efficiency of a body is analysed by the carbon dioxide pressure measurement. In many cases, blood pH level is also determined by BGA. The wide usage of blood gas analyzers in the healthcare sector such as operation rooms, critical care services and emergency department etc. are due to its efficiency in providing with time saving and quick results. The Global Blood Gas Analyzers Market is expected to rise from USD 634.9 million in 2020 to USD 1177.4 million by 2030 at an approx. CAGR of 3.8%. Increasing demand high throughput and integrated systems along with rising old age population in emergency departments and critical care units has made the effect on the widespread usage of BGA across the world. Inclusion of Blood Tests with the provision of blood gas testing can improvise clinical decision-making and patient outcomes in critical care and emergency units.
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Market Dynamics and Factors:
Escalating number of chronic diseases (such as cancer, cardiovascular diseases, lung disease) in intensive care units, rising health expenditure for treatment of chronic diseases, increment in demand for integrated combined systems and point-of-care BGA miniaturization are the key factors for the blood gas analyzer market growth. Less skilled laboratory professionals for the complex and difficult-to-use operation of blood gas analyser, high probability of infections owing to the usage of BG Analyser, incorrect procedure for collection of blood from difficult parts of body such as arterial blood are the key factors hampering the market growth in this market. Increment in initiatives of reduction of hospital stays and control & reduction in healthcare spending are the factors which bring in opportunities for market growth/ expansion in this market. Unavailability of skilled laboratory professionals, complex operation of blood gas analyzer and lack of addressal of integrated combined systems are the challenges for the blood gas analyzer market growth.
Market Segmentation:
Global Blood Gas Analyzers Market – By Product Type
Bench Top
Portable
Global Blood Gas Analyzers Market – By Application
Anaesthesia
Cardiovascular Surgery
ICU
Diabetes
Blood Vessel Haemorrhage
Drug Overdose
Shock
Others
Global Blood Gas Analyzers Market – By End-User
Hospitals
Clinics
Ambulatory Surgical Centres
Educational Institutes
Central Laboratories
Point-of-Care
Diagnostic Centres
Global Blood Gas Analyzers Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Geographically, North America is the dominant region in this market and having large share in the blood gas analyzer market owing to factors such as rising number of product approvals, government initiatives and prevalence of lifestyle diseases. Asia-Pacific is anticipated to be the fastest-growing region in the world with highest CAGR due to factors such as improving healthcare facilities, increasing initiatives of market players, growing patient population base and number of partnerships & joint ventures. Japan, China & India are the largest contributors to the APAC BGA market. European market has been growing significantly with steady market share due to well-developed healthcare infrastructure with increase in the healthcare expenditure in the region.
Competitive Scenario:
The major players operating in the blood gas analyzers market are Siemens AG, Roche Diagnostics Limited, Instrumentation Laboratory of A Werfen Company, Radiometer Medical Aps, Abbott Laboratories Inc., OPTI Medical Systems Inc., Nova Biomedical Inc., Medica Corporation, ERBA Diagnostics Mannheim GmbH, Alere Inc., Samsung Medison, Edan Instruments, Accurex Biomedical Pvt. Ltd.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Blood Gas Analyzers (BGA) industry, although key threats, opportunities and disruptive technologies that could shape the Global Blood Gas Analyzers (BGA) Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Blood Gas Analyzers (BGA) Market most.
The data analysis present in the Global Blood Gas Analyzers (BGA) Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Blood Gas Analyzers (BGA) Market business.
The 2021 Annual Global Blood Gas Analyzers (BGA) Market offers:
100+ charts exploring and analysing the Global Blood Gas Analyzers (BGA) Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Blood Gas Analyzers (BGA) Market type
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