Blood Gas Analyzer Market - Some Major Factors Expected To Support Market Growth in the Coming Years

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According to the new market research Blood Gas Analyzer Market is expected to reach USD 636.0 Million by 2021, at a CAGR of 4.6% during the forecast period of 2016 to 2021.
A number of factors, such as the growing number of patients being treated in ICUs, NICUs, and emergency departments, and the increasing adoption of technologically advanced biosensors and data analysis software for developing next-generation blood gas analyzers are expected to drive the growth of this market in the coming years.  
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The rising demand for point-of-care analyzers is another major factor driving the growth of the blood gas analyzer market. Products such as epoc, ABL90, cobas b 123, and GEM 4000 are expected to grow at high CAGRs during the forecast period (2016-2021) owing to advantages such as portability and faster turnaround times offered by them. In the near future, the commercialization of innovative POC blood gas analyzers based on miniaturized sensors will emerge as a significant opportunity, since the use of next-generation blood gas analyzers will reduce both cost and time involved in processes. Also, in the coming years, there will be a significant demand for blood gas analyzers with wired or wireless connectivity options, advanced calculation algorithms, enhanced user-friendly features (such as color touchscreens and graphical guidance systems), advanced sensor technologies, and auto-calibration features.
The introduction of new-generation blood gas analyzers based on advanced sensors and the growing need for blood gas analyzers that are compatible with electronic medical record systems are some of the major factors expected to support market growth in the coming years. Such technologically advanced blood gas analyzers allow clinicians to use devices near patients’ bedsides, where blood gases, pH, co-oximetry, electrolytes, and metabolites can be easily tested within a very short turnaround time.
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In the coming five years, growth in the blood gas analyzer market is expected to be centered at the APAC region. Factors such as growing initiatives by market players, increasing patient population base, and rising number of partnerships and joint ventures are driving the growth of the blood gas analyzer market in the Asia-Pacific region.

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