Blood Gas and Electrolyte Analyzers Market Size

Blood Gas and Electrolyte Analyzers Market Size

Blood Gas and Electrolyte Analyzers Market Size exceeded USD 1.5 billion in 2021 and is anticipated to grow at a CAGR of over 5.1% from 2022 to 2028. Rising demand for point of care and automated blood gas analyzers coupled with the integration of blood gas analyzers with laboratory information systems and electronic medical records will positively impact the market growth. Furthermore, increasing patient population in critical care units and collaboration between the public and private sectors with healthcare facilities are some of the major factors that are expected to facilitate the market expansion.

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COVID-19 pandemic positively impacted the blood gas and electrolyte analyzers market. As amid pandemic several surgeries were postponed, and non-emergency hospitalization were cancelled it impacted the market moderately. However, there was rise witnessed in hospitalization rate of people suffering with COVID-19. Surging cases of COVID-19 pandemic has increased demand for blood gas and electrolyte analyzers in hospitals, clinics, point of care centers will positively influence the industry growth.

Blood gas and electrolyte analyzers are used to measure different parameters from whole blood samples, such as electrolytes, metabolites, pH, and blood gas including SpCO2 and SpO2. These analyzers also measure partial pressure of oxygen, carbon dioxide, and concentrations of many ions including potassium, sodium, bicarbonate, chloride, calcium, glucose, lactate, magnesium. These analyzers are easy-to-use, effective and give assured results in less time.