Blood Gas and Electrolyte Analyzers Market Report 2025

The blood gas and electrolyte analyzers market size has grown strongly in recent years. It will grow from $3.43 billion in 2024 to $3.68 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to rapid urbanization, a growing number of patients in emergency units of hospitals, improving infrastructure in diagnostic centers, increasing earnings and standard of living, increased healthcare expenditure, increased geriatric population, and increasing obesity.

The blood gas and electrolyte analyzers market size is expected to see strong growth in the next few years. It will grow to $5.28 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing government initiatives, rising numbers of patients in critical care units and intensive care units (ICU), increasing medical tourism, and an increase in chronic diseases. Major trends in the forecast period include technological advancements, product innovations, digital blood gas analyzers, automated blood gas analyzers, the use of venous blood gas values, and complete blood count (CBC) diagnostics technology.

The rise in the number of patients has resulted in increased blood sample testing, which is driving the growth of the blood gas and electrolyte analyzers market. Blood tests serve various purposes, including assessing cholesterol and blood glucose levels. These tests can help monitor the risk of heart disease, vascular disease, and diabetes, as well as evaluate the effectiveness of treatments. For example, in June 2024, the Royal College of General Practitioners, a UK-based professional membership organization, reported that the average number of patients per GP rose from 2,222 in 2022 to 2,294 in April 2024, indicating a growing demand for general practitioner services. Consequently, the increase in patient numbers has led to more blood sample testing, thereby contributing to the expansion of the blood gas and electrolyte analyzer market.

The blood gas and electrolyte analyzers market is anticipated to experience growth due to the increasing trend of medical tourism. Medical tourism involves individuals crossing international borders to seek medical treatment. For instance, in 2022, the Medical Tourism Association, a provider of educational training, certification, and brand development programs for hospitals and healthcare providers, estimated that approximately 14 million people globally travel abroad annually for medical treatment. The annual expenditure on medical tourism ranges between $50 billion and $70 billion. Thailand stands out as the most preferred destination for medical tourism, hosting 1.2 million tourists seeking medical care each year, while Mexico follows closely with a million annual visitors for medical purposes. This escalating demand for medical tourism serves as a driving force behind the projected growth of the blood gas and electrolyte analyzers market in the forecast period.

Technological advancements are a significant trend gaining traction in the blood gas and electrolyte analyzers market. Major companies in this sector are concentrating on developing new technological solutions to enhance their market position. For example, in June 2024, Sensa Core, an India-based company involved in blood gas and electrolyte analyzers, introduced the ST-200 CC Ultra Smart Blood Gas Analyzer for hospitals and diagnostic centers. This advanced, fully automated system utilizes ion-selective electrode (ISE), impedance (Hct), and amperometry (pO2) technology to analyze arterial blood gases and electrolytes. The analyzer measures various parameters, including sodium, potassium, ionized calcium, pH, hematocrit, oxygen, and carbon dioxide, providing 27 results from a single blood sample. It also features an internal barcode scanner and external interfaces for user convenience.

Leading companies in the blood gas and electrolyte analyzer market are focused on creating innovative products like handheld blood gas electrolyte analyzers to maintain their market position. A handheld blood gas electrolyte analyzer is a portable device designed to quickly assess blood gas and electrolyte levels in point-of-care environments such as hospitals or clinics. For instance, in June 2023, B&E Biotechnology Co., Ltd., a China-based biotechnology company specializing in diagnostic product development and manufacturing, launched the i-Check handheld blood gas electrolyte analyzer. This groundbreaking analyzer is the company's first handheld dry blood gas device, incorporating advanced technologies such as microfluidic control, integrated electrodes, and standard liquid microencapsulation. The i-Check is intended for use in various environments, including ambulances, field hospitals, and bedside applications.

In May 2022, Sysmex Corporation, a Japanese medical electronics company, acquired Astrego to enhance collaborative efforts in advancing diagnostic technologies. The acquisition aims to address medical challenges, including reducing antimicrobial resistance and promoting proper use of antimicrobial drugs for better patient care. Astrego Diagnostics AB, based in Sweden, specializes in rapid diagnostic tools.

Major companies operating in the blood gas and electrolyte analyzers market include F. Hoffmann-La Roche Ltd, Danaher Corporation, Siemens Healthineers AG, Werfen, Abbott Laboratories, Medica Corporation, EDAN Instruments Inc, Radiometer Medical, Nova Biomedical, OPTI Medical systems Inc, I Sens Inc, JOKOH CO. LTD, Prolong Medical Equipment Co. Ltd, Sensa Core Medical Instrumentation Pvt. Ltd, Hunan Rainbow Technology Co. Ltd, ERBA Mannheim, EKF Diagnostics, Grifols, Vygon SAS, Biofidus, KwertyMed, Instrumentation Laboratory Company, Becton Dickinson and Co, Microbiology E.A Ltd.

North America was the largest region in the blood gas and electrolyte analyzers market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the blood gas and electrolyte analyzers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the blood gas and electrolyte analyzers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Blood gas and electrolyte analyzers are instrumental in measuring pH, blood gas levels, electrolytes, and metabolites from whole blood samples. Electrolytes are assessed in clinical laboratories using serum and whole blood samples typically obtained for arterial blood gas (ABG) analysis.

Key products in this category include blood gas analyzers, electrolyte analyzers, combined analyzers, and consumables. Blood gas analyzers gauge parameters such as blood gas, pH, electrolytes, and certain metabolites within whole blood samples. These devices calculate pH levels, carbon dioxide and oxygen partial pressures, as well as concentrations of various ions and metabolites. These analyzers come in diverse modalities such as portable, laboratory-based, and benchtop models. They find application in central laboratories, point-of-care settings, diagnostic centers, hospitals, and other relevant end-user facilities.

The blood gas and electrolyte analyzers market research report is one of a series of new reports that provides blood gas and electrolyte analyzers market statistics, including blood gas and electrolyte analyzers industry global market size, regional shares, competitors with a blood gas and electrolyte analyzers market share, detailed blood gas and electrolyte analyzers market segments, market trends and opportunities, and any further data you may need to thrive in the blood gas and electrolyte analyzers industry. This blood gas and electrolyte analyzers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The blood gas and electrolyte analyzers market consist of sales of blood oxygen analyzer, full-automatic blood gas analyzer, tissue oxygen content measuring instrument, handheld blood gas analyzer, blood gas collector, semi-automatic electrolyte analyzer, potassium analyzer and fully automatic electrolyte analyzer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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