Blood Gas and Electrolyte Analyzers Market valued $700mn by 2023: Global Market Insights Inc. The new market research report by Global Market Insights Inc. estimates global Blood Gas And Electrolyte Analyzers Market size to grow at 4.8% from 2016 to 2023. Strong product availability has helped improve the care of critically ill patients. Growing demand for highly developed sleek handheld devices with short turnaround time has led to the development of sleek, handy and more compact point-of-care devices. The report encapsulates market trends & issues, market profiling, growth drivers and inhibitors, opportunities and challenges, current industry overview, product innovations.
The report covers:
Current market scenario Market Estimates and Forecasts for 2016-2023 Segmentation on the basis of product, region and competitive landscape Product Segments Analyzed in Volume and Value Terms
Growing geriatric population, prevalence of chronic end-of-life diseases, leading to high number of hospital admissions and increasing demand for health parameter monitoring devices are key factors contributing to blood gas and electrolyte analyzers market growth. A consequent rise in demand for high throughput and integrated systems is also likely to drive the market growth. Growing aging population is another key factor to impel the growth. North America led by the U.S. blood gas and electrolyte analyzers market share dominates the regional market globally. APAC region driven by India and China tops the fastest growing market both in terms of volume and value. The region is projected to exhibit growth over 6.6% during the forecast period. The increase is attributed to rapidly developing healthcare infrastructure and changing dynamics of healthcare consumption. Furthermore, growing awareness about health is likely to influence the market growth positively. LATAM market size is projected to witness a surge in coming years. High impact factors rendering growth are:
Advent of new technology Prevalence of chronic diseases
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