EME BLOOD GAS AND ELECTROLYTE ANALYZERS MARKET ANALYSIS

Eme Blood Gas And Electrolyte Analyzers MarketSize and Trends

The EME blood gas and electrolyte analyzer market is estimated to be valued at US$ 159.5 million in 2023 and is expected to exhibit a CAGR of 5.3% during the forecast period (2023-2030).

Figure 1. EME Blood Gas and Electrolyte Analyzer Market Share (%), by Product Type, 2023

EME Blood Gas and Electrolyte Analyzer Market andndash; Driver

Increase prevalence of the geriatric population

Increasing incidence of the geriatric population leads to the use of blood gas and electrolyte analyzer which directly increases the need and is expected to boost the growth of the EME blood gas and electrolyte analyzer market over the forecast period. For instance, on March 10, 2023, according to an article published by Nature in the Journal of Scientific Reports, the percentage of persons aged 65 overreached 2.4% of the total population for the year 2020.

Increase in number of product approval

Increase in the number of product approval by regulatory authorities is expected to dominate the market over the forecast period. For instance, in September 2022, Sysmex Corporation, a manufacturer and distributor of in vitro diagnostic instruments launches the UF-1500 Fully Automated Urine Particle Analyzer (UF-1500), a new product for use in urine sediment testing. The UF-1500 inherits the high levels of functionality and usability of the UF-5000 Fully Automated Urine Particle Analyzer (UF-5000), our flagship model in urine sediment testing while achieving a downsizing of the former model. 

Figure 2. EME Blood Gas and Electrolyte Analyzer Market Value (US$ Million), by Region, 2023