Demand for Blood Gas and Electrolyte Analyzer Market to Expand at a Staggering Pace of 9% CAGR Through 2030

Rise in awareness of blood gas and electrolyte analyzers and increasing geriatric population are some of the key drivers for the growth of the blood gas and electrolyte analyzer market. Other factors such as technological advancements in products, thereby increasing efficiency and accuracy, are also crucial aspects that will affect market growth in a positive way. One such advancement is portable blood gas and electrolyte analyzers, which have greatly enhanced convenience and ease of access of the product.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5126

Based on a Fact.MR study, the leading product type in the market is blood gas analyzers owing to their popularity and wide array of applications in the healthcare sector. The market has witnessed increased demand of these analyzers across hospitals, clinics, etc., thereby boosting overall growth. As such, the blood gas and electrolyte analyzer market is projected to expand at an impressive CAGR of around 9% though 2030.

Key Takeaways from Blood Gas and Electrolyte Analyzer Market Study

• North America is the dominant region holding a massive value of over US$ 800 million in the market, as of 2019.
• Population growth and technological advancements of blood gas and electrolyte analyzers will be key driver of the market during the forecast period.
• The segment of combined blood gas and electrolyte analyzers is predicted to expand at a 10.4% CAGR over the forecast period.
• The market in Asia Pacific is predicted to show the fastest growth rate, i.e. 2X, as compared to other regions.
• Key players such as Siemens Healthcare, Abbott Laboratories, and Roche Diagnostics occupy 70% of the total market share.
• The leading product type segment of the market, i.e. blood gas analyzers, occupies 45% of the total market.
• Supply chain issues due to the COVID-19 pandemic will adversely affect the blood gas and electrolyte analyzer market in the short term.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5126

“Developments in technology, accuracy, and cost-effectiveness of products are predicted to be important driving factors for the market over the forecast period,” says a Fact.MR analyst.

Blood Gas and Electrolyte Analyzer Market: Segmentation

Fact.MR has studied the blood gas and electrolyte analyzer market with detailed segmentation on the basis of type and key regions.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5126

Expansion of Product Portfolio to Remain Priority

Key players such as Siemens Healthcare are devoted to market expansion through means of diversifying their blood gas and electrolyte analyzer product portfolio by upgrading it with enhanced technologies – minimal operator support, fully-automated systems, more accurate results, etc. This is a key aspect in the market growth of the product, and has opened doors for more competition among key players.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/08/14/1901821/0/en/Clinical-Trial-Solutions-Account-for-40-of-Global-Spending-on-eCOA-eSource-Clinical-Trials-Finds-Fact-MR.html

Explore Fact.MR’s Comprehensive Coverage on Healthcare Landscape

Bacteriophage Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2020 to 2030: https://www.factmr.com/report/bacteriophage-market

Medical Ceramics Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031: https://www.factmr.com/report/medical-ceramics-market

Cervical Dysplasia Diagnostics Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031: https://www.factmr.com/report/cervical-dysplasia-diagnostics-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

The post Demand for Blood Gas and Electrolyte Analyzer Market to Expand at a Staggering Pace of 9% CAGR Through 2030 appeared first on Latest Market Reports.