Blood Gas Analyzers (BGA) Market, By Product type (Bench Top and Portable), By Application (Anaesthesia, Cardiovascular Surgery, ICU, Diabetes, Blood Vessel Haemorrhage, Drug Overdose, Shock and Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centres, Educational Institutes, Central Laboratories, Point-of-Care, and Diagnostic Centres), and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

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%.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. 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.

Market Segmentation:

On the basis of product type, the global blood gas analyzers market is bifurcated into bench Top and Portable. Base on the application, the global blood gas analyzer market is segmented into anaesthesia, cardiovascular surgery, ICU, diabetes, blood vessel haemorrhage, drug overdose, shock and others. On the basis of End User, this market is categorized into hospitals, clinics, ambulatory surgical centres, educational institutes, central laboratories, point-of-care, and diagnostic centres. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

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.

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.

Blood Gas Analyzers (BGA) Market Report Scope