World Blood Gas and Electrolyte Analyzers Market to Reach US$284.68 Million by 2010, According to New Report by Global Industry Analysts, Inc.
Driven by the aging world population, and the rise in critical care treatments, and surgeries, the world market for blood gas and electrolyte analyzers is projected to reach US$284.68 million by the year 2010. Unit sales, on the other hand, are expected to rise by 55 units between the period 2007 to 2010. The ongoing shift in the use of traditional central laboratory blood gas analyzers in near-patient sites, and the expanding popularity of multi-parameter test menus, among others, are expected to offer a rich mixture of market opportunities and challenges.
San Jose, CA (PRWEB) July 26, 2007 -- The rapidly world aging population is leading to a rise in the number of patients receiving critical care in intensive care units (ICU), emergency departments (ED), and operation rooms (OR). This demographics induced trend is translating into increased market opportunities for blood gas testing, given its indispensability in evaluating pulmonary and respiratory functioning, which are both essential in determining follow-up treatment strategies. Another distinct trend is the emergence of blood gas analyzers from beyond just central laboratory applications to respiratory therapy and point-of-care diagnostic applications. This is resulting in a shift in demand away from traditional blood gas testing equipments and towards point-of care testing devices for use in near-patient sites.
Technology continues to remain the cornerstone for the success in this marketplace. Technology effervesce in this market manifests itself in the form of device miniaturization and sophistication, which together are leading to the development of sleek, and compact, handheld blood gas analyzers. Expanded test menus are additionally integrating the functionalities of both blood gas and electrolyte analysis to offer multiple testing of electrolytes, blood urea nitrogen, creatinine, among others, from a single sample. This, thereby, is leading to a downturn in the demand for standalone electrolyte analyzers. The prohibitive cost of portable, hand-held blood gas analyzers is a major bottleneck, frustrating optimum market penetration. Central laboratory bench top analyzers, on the other hand, are experiencing tapering demand, largely due to the lethargy in replacement demand.
As stated by the recent report published by Global Industry Analysts, Inc., world bench top blood gas analyzers market is expected to rise by US$2.34 million between the period 2007 to 2010, with the market in Asia-Pacific slated to reach 565 units by the year 2010. Point-of-care blood gas analyzers market is expected to post a relatively higher growth rate, with the world market reaching 6,555 units by the year 2010. Asia-Pacific represents the fastest growing market for point-of-care blood gas analyzers, with dollar growth forecast at 5.14% over the analysis period of 2000 through 2010. In the United States, the largest market, sales of the same are expected to rise by US$1.7 million between the period 2007 to 2010. Electrolyte analyzers market, on the other hand, is expected to witness deterioration in both volume and value sales. Market for dedicated, standalone electrolyte analyzers is rapidly shrinking, given the cannibalizing popularity of multi-functional blood gas analyzers, which also offer electrolyte analysis, and testing. The trend is expected to shave off close to US$1.04 million from global market value between the period 2007 to 2010.
Leading global and regional players operating in the industry include Radiometer Medical A/S, Siemens Medical Solutions Diagnostics, Roche Diagnostics, Instrumentation Laboratory, Abbott Point-of-Care, Nova Biomedical Corporation, International Technidyne Corporation, IDEXX Laboratories Inc., Beckman Coulter Inc., and Abaxis Inc., among others.
The report titled "Blood Gas and Electrolyte Analyzers: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of product trends, technology developments, market drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key product segments. Product markets analyzed in the report include Blood Gas Analyzers (Benchtop Analyzers, and Point-of-Care Analyzers), and Electrolyte Analyzers. Latent demand patterns in product markets are quantified across major geographic market verticals including United States, Canada, Japan, France, Germany, Italy, United Kingdom, Asia-Pacific, and Latin America, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit http://www.strategyr.com/MCP-3505.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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