Blood Gas and Electrolyte Analyzer Market Market is Presumed to be Valued at US$3,480.3 million by 2023
The competitive landscape of blood gas and electrolyte analyzer manufacturers is extremely consolidated, with the top three players taking more than three-fourth of the total market value in 2017. Radiometer Medical ApS led the market at the time, followed by Siemens Healthcare and Instrumentation Laboratory. Radiometer Medical ApS has consistently held the top position in blood gas and electrolyte analyzer production and sales through a broad product portfolio and a high rate of market penetration. A common trend shown by all top players in increasing their production and R&D efforts in point-of-care devices, according to Transparency Market Research. While these device types will not entirely replace the conventional tabletop analyzers, they will be used across a much wider application spectrum. Portability of Blood Gas Analyzers Adds Heavily to Their Rate of Use “The introduction of portable blood gas and electrolyte analyzers was one of the bigger steps taken for...