Egypt Blood Gas and Electrolyte Analyzers Market Analysis

Egypt Blood Gas and Electrolyte Analyzers Market Executive Summary

Egypt Blood Gas and Electrolyte Analyzers Market is valued at around $5.2 Bn in 2022 and is projected to reach $8.2 Bn by 2030, exhibiting a CAGR of 5.9% during the forecast period 2023-2030.

The use of blood gas and electrolyte analyzers allows for the measurement of electrolytes, pH, and certain metabolites in whole blood specimens. The primary drivers propelling the Blood Gas and Electrolyte Analyzer market are rapid urbanisation, changing lifestyles, unhealthy eating habits, blood vessel haemorrhage, chronic illnesses, and technological breakthroughs in blood gas analyzers. These analyzers excel in the point-of-care testing market and provide a number of benefits for patients in critical care.

The elderly population is more susceptible to infectious infections and needs constant monitoring of their vital signs throughout therapy to prevent any health issues. According to the World Population Ageing Highlight, there will be approximately 1.5 Bn people who are 65 years of age or older by 2050, making up approximately 16% of the world's population. Similarly to this, the percentage of persons over 60 in the world's population will rise from 12% in 2015 to 22% by 2050, according to the World Health Organization's October 2021 update. As a result, it is anticipated that demand for electrolyte machines, blood glucose analyzers, and other blood gas analyzers will increase due to the rising incidence of blood malignancies, diabetes, and other blood-related ailments in the ageing population.

Pharmaceutical and biotechnology firms like Abbott Laboratories, Danaher Corporation, F. Hoffmann-La Roche AG, Convergent Technologies GmbH & Co. KG, Radiometer Medical, Medica Corporation, Siemens AG, Nova Biomedical, Sensa Core Medical Instrumentation Pvt. Ltd., Transasia Bio-Medicals Ltd., and Werfen Science SA, are some of the major players in the Blood Gas and Electrolyte Analyzers.

Increasing expenditures on health care and the expanding availability of portable blood gas and electrolyte analyzers could propel the expansion of the Blood Gas and Electrolyte Analyzers market. Rising healthcare costs for the treatment of chronic diseases including diabetes and cancer are anticipated to fuel market expansion.

This growth in demand for Blood Gas and Electrolyte analyzers unmistakably points to an increase in the number of patients in emergency rooms and critical care units. By encouraging patients to undergo routine diagnostic exams, pertinent organisations and governments are continually implementing programmes to lower the costs associated with healthcare.

Market Dynamics

Drivers of Egypt Blood Gas and Electrolyte Analyzers Market:

Rising Geriatric Population:  The main factor propelling the Blood Gas and Electrolyte Analyzers market is the steady increase in the elderly population, which causes an increase in the number of patients getting critical care in emergency rooms, critical care units, and operating rooms.

Increased Number of Patients in Emergency Rooms and ICU: The rise in the prevalence of chronic illnesses, which is pushing more patients into NICUs, emergency rooms, and ICUs, is contributing to the rise in the number of patients receiving care there. One of the key factors influencing the growth of the Blood Gas and Electrolyte Analyzer market would be the rise in the number of patients receiving treatment in intensive care and emergency rooms.

Technological Advancements: Due to the rising frequency of chronic diseases, the requirement for the blood gas analyzer market has expanded with the commercialization of modern technology-based Blood Gas and Electrolyte Analyzers.

Increasing Government Initiatives: Many government organisations are interested in promoting the usage and significance of Blood Gas and Electrolyte Analyzers. Governmental initiatives like these are assisting the public in connecting with the programmes that educate them about diseases that, if detected early enough, are avoidable. Due to increasing initiatives by governmental entities, the use of blood gas analyzers in hospitals and emergency rooms is highly encouraged. The market for blood gas analyzers is expanding as a result of the increasing government initiatives.

Developments in Blood Gas and Electrolyte Analyzers Market:

In 2022, EDAN Instruments Inc., an organization dedicated to providing quality medical products, announced the launch of a new blood gas analysis system. i20 is a new POC (Point-of-Care) fluorescence-based CO-OX blood gas and chemistry analysis solution designed to relieve the burden from intensive care units (ICUs), operating rooms, etc.

In 2022, Sysmex America Inc., a diagnostics solutions firm, received FDA clearance for the addition of a new feature to its N-10 Automated Hematology Analyzer with Blood Bank mode. This is the first automated analyzer to be cleared for residual WBC counting.