Global Blood Gas and Electrolyte Analysers Market Trends:
The hospital segment is projected to adhere to market growth and accounted for the largest market share of 61% with a growing CAGR of 7.1% during the forecast period. The growth of the market is attributed to key factors like growing technological advancement and implementation of growth strategies by the market player. Further, the installation and application of the latest medical facilities by the hospital authorities are likely to boost the blood gas testing market in the forecast period. Hospitals are now offering a wide range of treatment options to the consumers, with low budgets and insurance services offered by the hospital authorities.
The Asia Pacific is projected to gain significant market share during the forecast period. Owing to increasing modernization and huge investment in the healthcare sector. Further, the growing disposable income of an individual is estimated to boost the market growth in the forecast period. The countries dominating the region are India, China, Japan, Australia, Singapore. China has gained more attention in the market due to its well-equipped healthcare infrastructure and growing electronic industry.
Despite a huge decline in the sales of End-User during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 6.6 %, during the tenure of 2021 – 2027.
The study is associated based on major segments and further into sub-segments By Product (Benchtop, Portable), By Application (Blood gas analyzers, Electrolyte analyzers, Combined analyzers), By End-use (Clinical laboratories, Point-of-care) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2020, considering 2020 as the base year.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the End-User trends, along with the major key players- Siemens, Medica, Roche, Erba, Nova stat, Bayer, Radiometer Medical, Samsung Medison, Edan Instruments, OPTI Medical systems Inc., Convergent Technologies, Alere Medical, Accurex, and Dalko Diagnostics
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Blood Gas and Electrolyte Analysers Market.”
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