Blood Gas Analyzers Market, By Product Type (Instruments and Consumables), By Modality (Benchtop and Portable), By Application (Anesthesia Management, Critical Care, Cardiovascular Procedures, and Others), By End User (Hospitals and Clinics, Diagnostic Laboratories, Homecare Settings, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jan 2024

Code : CMI2603

Pages :180

Formats :

Excel and PDF

Industry : Medical Devices

Regional Analysis

North America has dominated the global blood gas analyzers market gaining a market share of 44.3%. The region is home to some of the largest medical device companies as well as the presence of advanced healthcare infrastructure and facilities. Additionally, growing prevalence of chronic respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and asthma, along with high healthcare spending have been driving the sales of blood gas analyzers in the region. Many leading global players including Abbott Laboratories, Siemens Healthcare, and Radiometer Medical have their home base in the U.S., which gives them an added advantage in serving the North America market. The awareness regarding critical care testing is also higher among physicians as well as patients in this region.

Blood Gas Analyzers Market Regional Insights

Europe is also a significant market for blood gas analyzers market owing to the rising demand for advanced analyzers capable of rapid multi-parameter testing from large, medium, and small hospitals across major European countries. Increasing healthcare infrastructure and accessibility have resulted in greater volumes of diagnostic tests being performed. This is driving the need for high-throughput blood gas analyzers to efficiently handle workloads. Most modern instruments can perform up to 120 tests per hour with high accuracy.

The Asia Pacific region, on the other hand, has emerged as the fastest growing market for blood gas analyzers globally. Countries like China, India, and Japan are witnessing rapid economic development along with growing investments in the healthcare sector. This has improved access to advanced diagnostic technologies. Also, the rising geriatric population and increasing healthcare expenditures are supporting the market growth. Many global players are focusing on establishing their manufacturing facilities in countries like China and India to serve locals as well as other emerging markets. This is significantly improving the affordability of products. Furthermore, growing incidence of lifestyle diseases and improving patient awareness for critical care diagnostics are boosting the sales of blood gas analyzers. The region is also witnessing increasing exports of cost-effective blood gas analyzers to other parts of the world. This is positively impacting the overall revenue.

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East