Global Blood Gas and Electrolyte Analyzers Market to Surpass USD 2.1 Billion by 2025
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By LabMedica International staff writers Posted on 06 Nov 2019 |
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Image: The Bench Top segment is the biggest driver to the global blood gas and electrolyte analyzers market (Photo courtesy of Market Research Business).
The global blood gas and electrolyte analyzers market is projected to grow at a CAGR of 6.5% during the forecast period, 2018-2025 to reach a value of over USD 2.1 billion by 2025, driven mainly by the Bench Top segment which is anticipated to bring in healthy gains and add significant momentum to the market growth. The Bench Top segment is projected to grow at a CAGR of over 6.4% during the forecast period.
Geographically, several macroeconomic factors and internal market forces will shape the growth and development of demand patterns in the emerging countries in Asia-Pacific, Latin America and the Middle East. In North America, the US blood gas and electrolyte analyzers market is expected to grow at a CAGR of 5.5% during the forecast period. Within Europe, Germany is projected to add sales of over USD 64.4 million to the region’s blood gas and electrolyte analyzers market over the next 5 to 6 years. Over USD 55.9 million worth of demand in the region is projected to come from the Rest of Europe markets. In Japan, the Bench Top segment is expected to reach a market size of USD 97.6 million by the end of the forecast period.
The blood gas and electrolyte analyzers market in China, which is the world's second largest-economy and the new game changer in the global markets, is projected to grow at the rate of 9.6% over the next couple of years and add approximately USD 498.3 million in terms of addressable opportunity.
Geographically, several macroeconomic factors and internal market forces will shape the growth and development of demand patterns in the emerging countries in Asia-Pacific, Latin America and the Middle East. In North America, the US blood gas and electrolyte analyzers market is expected to grow at a CAGR of 5.5% during the forecast period. Within Europe, Germany is projected to add sales of over USD 64.4 million to the region’s blood gas and electrolyte analyzers market over the next 5 to 6 years. Over USD 55.9 million worth of demand in the region is projected to come from the Rest of Europe markets. In Japan, the Bench Top segment is expected to reach a market size of USD 97.6 million by the end of the forecast period.
The blood gas and electrolyte analyzers market in China, which is the world's second largest-economy and the new game changer in the global markets, is projected to grow at the rate of 9.6% over the next couple of years and add approximately USD 498.3 million in terms of addressable opportunity.
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