Blood Gas Analyzers Market Technological Advancements & Competitive Insights to 2026
Blood
gas analyzer is a standard clinical diagnostic test machine
used to measures a patient’s blood gases including oxygen and
carbon dioxide and pH level. Arterial blood is the sample type
required for correct assessment of gas exchange and function of
lungs, specifically oxygenation status. Arterial blood pH is included
in these measurements as dissolved carbon dioxide balances the
acidity or alkalinity in the respiratory system.
Market Dynamics
Increasing number of
patients being treated in ICUs, NICUs, and emergency departments is
propelling demand for blood gas analyzers. According to a NCBI report
of 2017, in England, emergency services demand has increased by 125%,
from around 4 million calls in 1994 and 1995 to 9 million ambulance
calls in 2014 and 2015. Moreover, increasing number of patients
suffering from chronic diseases such as cancer, cardiovascular
disease, and lung disease also require blood gas testing. According
to American Heart Association 2016 report, cardiovascular diseases
are the leading cause of death worldwide, accounting for around 17.3
million deaths annually and is expected to reach over 23.6 million by
2030.
Increasing demand
for point of care testing is expected to drive the blood gas
analyzers market revenue
Blood gas analyzers
are used for patients suffering from certain medical conditions,
including asthma and Chronic Obstructive Pulmonary Disease (COPD).
Emergency and intensive care departments also use blood gas analyzers
as crucial part for assessment of patient’s clinical status.
Increasing geriatric
population at high risk of various chronic diseases, which require
frequent testing of blood gas and Point-of-Care (PoC) diagnostic
evaluation is expected to drive growth of the global blood gas
analyzer market. According to the U.S. Census Bureau, 2015,
population of age 65 years and above is expected to increase over 60%
during 2015 – 2030. Moreover, increasing number of patients being
treated in ICUs and emergency departments is also expected to fuel
the market growth. According to the WHO, in 2015, around three
million deaths were caused by chronic diseases, which accounted for
5% of all the deaths worldwide. This in turn led to significant
increase in emergency cases demanding for blood gas analyzers.
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Blood Gas
Analyzers Market Restraints
High probability of
infections through use of blood gas analyzers that are affected with
patient acquired infections such as blood-borne pathogens during
testing procedures is expected to hinder growth of the market. Blood
gas analyzers can be difficult to use and therefore, require trained
laboratory personnel. Moreover, collection of arterial blood is more
difficult than venous or capillary blood sample. It is more painful
for the patient and can be potentially dangerous, in case the correct
procedure is not followed. All these factors are expected to
negatively impact adoption of blood gas analyzers during the forecast
period.
Blood Gas
Analyzers Market - Regional Insights
On the basis of
region, the global blood gas analyzers market is segmented into North
America, Latin America, Europe, Asia Pacific, Middle East, and
Africa. North America blood gas analyzers market is expected to
generate significant revenue share during the forecast period, owing
to increasing prevalence of lifestyle-induced diseases and emergency
department visits. According to the Centers of Disease Control and
Prevention (CDC) report in 2017, around 1.7 million emergency
department visits with chronic and unspecified bronchitis were
recorded in the U.S.
Blood Gas
Analyzers Market - Competitive Landscape
Key players
operating in the global blood gas analyzers market include, Abbott
Laboratories, Alere, Inc., Bayer AG, Dalko Diagnostics, GE
Healthcare, Instrumentation Laboratory, Nova Biomedical, Radiometer,
Roche Diagnostics, Siemens Healthcare, and Sphere Medical.
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