Market Overview:
The global blood gas monitoring systems market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of respiratory diseases, rising geriatric population, and technological advancements in blood gas monitoring systems. Based on type, the global blood gas monitoring systems market is segmented into portable type and desktop type. The portable type segment is expected to grow at a higher CAGR than the desktop type segment during the forecast period. This can be attributed to its advantages such as easy portability and low maintenance cost. Based on application, the global blood gas monitoring systems market is divided into hospitals, ambulatory surgical centers (ASCs), cardiac catheterization laboratory (CCL), diagnostic centers, and other applications. The hospitals segment accounted for majority of share in 2017 and is projected to maintain its dominance during the forecast period owing to increasing number of hospital admissions for respiratory diseases diagnosis & treatment purposes across globe .Geographically, North America dominates the global blood gas monitoring systems market followed by Europe due States owing high prevalence rate respiratory diseases along with well-established healthcare infrastructure in these regions .
Product Definition:
Blood gas monitoring systems are used to measure the levels of oxygen and carbon dioxide in the blood. This information can be used to help diagnose and treat medical conditions.
Portable Type:
Portable type blood gas monitoring systems are designed to meet the requirements of point-of-care or remote patient care settings. These devices are used for measuring and analyzing a wide range of parameters, such as pH, pCO2, bicarbonate (HCO3), base excess (BE), and lactate levels in patients suffering from respiratory diseases. The increasing prevalence of chronic respiratory diseases is expected to be one of the major factors driving market growth over the forecast period.
Desktop Type:
Desktop type is a device that helps in collecting and processing blood gas and other sample parameters. It is used in the process of blood gas/electrolyte analysis, coagulation, hematology, clinical chemistry, immunochemistry & urinalysis. The desktop types are classified into manual and automatic based on their operation. In manual desktop type there is no electronic component involved while in automatic it has an electronic component for signal processing as well as data acquisition system (DAS).
Application Insights:
The market is segmented into hospitals, ambulatory surgical centers, cardiac catheterization laboratories, diagnostic centers and others. The hospitals segment dominated the global blood gas monitoring systems market in 2017 owing to factors such as increasing prevalence of chronic diseases and an aging population. This application segment is also expected to be fastest-growing over the forecast period due to factors such as government initiatives for improving healthcare infrastructure and rising awareness about point-of-care testing.
For instance, according to a study published by NCBI in 2018, it was found that around 1 billion people across the world have some form of diabetes which includes prediabetes conditions or high risk group for developing type 2 diabetes. With growing number of patients suffering from chronic diseases or exhibiting symptoms like fatigue and thirst; governments are taking initiatives for building new hospital facilities thereby driving demand over the forecast period.
Regional Analysis:
North America dominated the global blood gas monitoring systems market in 2017. This can be attributed to factors such as favorable reimbursement scenario, high healthcare expenditure, and presence of sophisticated healthcare infrastructure. Moreover, increasing prevalence of chronic diseases is also expected to drive the demand for portable BGMs in North America during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to rising patient awareness levels coupled with government initiatives pertaining toward cost-control measures within hospitals & other medical institutions. In addition, a large number of private players are investing huge amounts in order expand their business operations across this region which further drives its growth prospects during the forecast period.
Growth Factors:
- Increasing incidence of respiratory diseases: The increasing incidence of respiratory diseases is one of the key growth drivers for the blood gas monitoring systems market. Respiratory diseases are caused due to various factors such as air pollution, smoking, and occupational exposure. According to the World Health Organization (WHO), around 3 million people die every year due to respiratory problems. This number is expected to increase in the coming years owing to the rising pollution levels across the globe. This will create a high demand for blood gas monitoring systems, which will help drive market growth during the forecast period.
- Technological advancements: The technological advancements in blood gas monitoring systems are another key factor driving market growth during the forecast period. These advancements have led to development of new and innovative products that offer better performance and accuracy than traditional devices. For instance, manufacturers are now offering portable devices that can be used by patients at home or on-the-go for self-monitoring purposes. This is helping expand adoption of these devices among consumers, thereby propelling market growth further during the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Blood Gas Monitoring Systems Market Research Report
By Type
Portable Type, Desktop Type
By Application
Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Laboratory, Diagnostic Centers, Other
By Companies
Siemens Healthcare, Abbott Laboratories, Alere, Inc, Instrumentation Laboratory, Roche Diagnostics, Radiometer, Medicacorp, Optimedical, SenTec AG, Sphere Medical, Siemens Healthcare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Blood Gas Monitoring Systems Market Report Segments:
The global Blood Gas Monitoring Systems market is segmented on the basis of:
Types
Portable Type, Desktop Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Laboratory, Diagnostic Centers, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens Healthcare
- Abbott Laboratories
- Alere, Inc
- Instrumentation Laboratory
- Roche Diagnostics
- Radiometer
- Medicacorp
- Optimedical
- SenTec AG
- Sphere Medical
- Siemens Healthcare
Highlights of The Blood Gas Monitoring Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Type
- Desktop Type
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Cardiac Catheterization Laboratory
- Diagnostic Centers
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blood Gas Monitoring Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Blood gas monitoring systems are used to measure the levels of oxygen, carbon dioxide, and other gases in a person's blood. These systems can be used to diagnose medical conditions or monitor treatment.
Some of the key players operating in the blood gas monitoring systems market are Siemens Healthcare, Abbott Laboratories, Alere, Inc, Instrumentation Laboratory, Roche Diagnostics, Radiometer, Medicacorp, Optimedical, SenTec AG, Sphere Medical, Siemens Healthcare.
The blood gas monitoring systems market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blood Gas Monitoring Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blood Gas Monitoring Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blood Gas Monitoring Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blood Gas Monitoring Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blood Gas Monitoring Systems Market Size & Forecast, 2018-2028
4.5.1 Blood Gas Monitoring Systems Market Size and Y-o-Y Growth
4.5.2 Blood Gas Monitoring Systems Market Absolute $ Opportunity
Chapter 5 Global Blood Gas Monitoring Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Blood Gas Monitoring Systems Market Size Forecast by Type
5.2.1 Portable Type
5.2.2 Desktop Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Blood Gas Monitoring Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Blood Gas Monitoring Systems Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Cardiac Catheterization Laboratory
6.2.4 Diagnostic Centers
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blood Gas Monitoring Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blood Gas Monitoring Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Blood Gas Monitoring Systems Analysis and Forecast
9.1 Introduction
9.2 North America Blood Gas Monitoring Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Blood Gas Monitoring Systems Market Size Forecast by Type
9.6.1 Portable Type
9.6.2 Desktop Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Blood Gas Monitoring Systems Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Cardiac Catheterization Laboratory
9.10.4 Diagnostic Centers
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Blood Gas Monitoring Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Blood Gas Monitoring Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Blood Gas Monitoring Systems Market Size Forecast by Type
10.6.1 Portable Type
10.6.2 Desktop Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Blood Gas Monitoring Systems Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Cardiac Catheterization Laboratory
10.10.4 Diagnostic Centers
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Blood Gas Monitoring Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Blood Gas Monitoring Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Blood Gas Monitoring Systems Market Size Forecast by Type
11.6.1 Portable Type
11.6.2 Desktop Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Blood Gas Monitoring Systems Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Cardiac Catheterization Laboratory
11.10.4 Diagnostic Centers
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Blood Gas Monitoring Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Blood Gas Monitoring Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Blood Gas Monitoring Systems Market Size Forecast by Type
12.6.1 Portable Type
12.6.2 Desktop Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Blood Gas Monitoring Systems Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Cardiac Catheterization Laboratory
12.10.4 Diagnostic Centers
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Blood Gas Monitoring Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Blood Gas Monitoring Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Blood Gas Monitoring Systems Market Size Forecast by Type
13.6.1 Portable Type
13.6.2 Desktop Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Blood Gas Monitoring Systems Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Cardiac Catheterization Laboratory
13.10.4 Diagnostic Centers
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blood Gas Monitoring Systems Market: Competitive Dashboard
14.2 Global Blood Gas Monitoring Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens Healthcare
14.3.2 Abbott Laboratories
14.3.3 Alere, Inc
14.3.4 Instrumentation Laboratory
14.3.5 Roche Diagnostics
14.3.6 Radiometer
14.3.7 Medicacorp
14.3.8 Optimedical
14.3.9 SenTec AG
14.3.10 Sphere Medical
14.3.11 Siemens Healthcare
