India Blood Gas Analyzer Market, By Product Type (Instruments and Consumables), Modality (Benchtop, Handheld, and Portable), Medical Condition (Kidney Dysfunction, Cardiovascular Disorder, Diabetes, Haemorrhage, and Others), End Users (Hospitals, Clinical Laboratories, Research/Academic Institutes, Home Settings, and Others) Distribution Channel (Direct Tender, and Retail Sale) - Industry Trends and Forecast to 2030.
India Blood Gas Analyzer Market Analysis and Insights
The adaptation of advanced technologies for blood analysis in the industry has been stimulated by the requirement to improve product quality and reduce manufacturing costs at the same time or, rather, to secure competitiveness. Consequently, the growing demand for blood gas analyzers in healthcare is likely to drive market growth in the projected period.
The rising incidence of chronic disorders such as cardiovascular and neuro are accelerating the market's growth.
India blood gas analyzer market is expected to reach USD 88.51 million by 2030 from USD 51.08 million in 2022, growing at a CAGR of 7.1% in the forecast period of 2023 to 2030.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Product Type (Instruments and Consumables), Modality (Benchtop, Handheld, and Portable), Medical Condition (Kidney Dysfunction, Cardiovascular Disorder, Diabetes, Haemorrhage, and Others), End Users (Hospitals, Clinical Laboratories, Research/Academic Institutes, Home Settings, and Others) Distribution Channel (Direct Tender, and Retail Sale)
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Countries Covered
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India
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Market Players Covered
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Abbott, Techno MedicaCo., Ltd., Nova Biomedical, WERFEN, Sensacore, OPTI Medical Systems, HDC India, AFFORD MEDICAL TECHNOLOGIES PVT. LTD., Radiometer India (a Subsidiary of Danaher), Siemens Healthcare Private Limited (a Subsidiary of Siemens), F. Hoffmann-La Roche Ltd., i-SENS, Inc., EDAN Instruments, Inc., ESCHWEILER GmbH & CO.KG, essential medical, Medica Corporation, and Wondfo among others
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Market Definition
The term "blood gas analysis" (BGA) is used for lab tests that connect with a patient's corrosive base equilibrium and oxygen status. Oxygen status is surveyed utilizing the fractional strain of O2 (pO2) and the hemoglobin oxygen saturation (sO2).
The partial pressure of O2 (pO2) is measured by amperometry, while that of SO2 is measured by co-oximetry. Blood gas analyzers that don't have an incorporated co-oximeter report the SO2 assessed from PO and different boundaries.
Current analyzers measure not only blood gas parameters but also electrolytes (PH, sodium, potassium, chloride, ionized calcium, ionized magnesium) and metabolites (glucose, lactate, bilirubin, and creatinine). Emergency and intensive care departments use BGA as an essential part of an assessment of a patient's clinical status.
India Blood Gas Analyzer Market Dynamics
Drivers
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Rising prevalence of chronic disorders
The change in lifestyle habits, such as smoking tobacco, drinking liquor, having a stationary way of life, and numerous others, has raised the instances of patients experiencing constant ailment. The rising prevalence of chronic disorders is expected to boost market growth and positively influence the blood gas analyzer market.
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Increased number of patients treated in emergency care and intensive care units
The increased number of patients being treated in NICUs, emergency departments, and ICUs is rising with the increase in the number of chronic disorders, which is leading more patients into NICUs, emergency departments, and ICUs. The increased number of patients treated in emergency care and intensive care units will act as one of the major drivers in the growth of the India blood gas analyzer market.
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Increase in the number of product launches
Growing research activities to miniaturize the blood gas analyzer presents a great opportunity and a large number of product approval by market key players. The products perform multiple tests and provide coverage of wide results that will help in the rise of the blood analyzer market. The product portfolio for the companies working in this market is vast, and due to this, the revenue of the companies has increased continuously from the past recent revenue years. An increased number of product approval will act as a driver to boost the growth of the India blood gas analyzer market in the forecast period.
Opportunities
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Rising technological advancement in blood gas analyzer
Technological advancement plays an important role in almost all processes of the healthcare industry, such as the possibility of medication errors, which exist due to an increase in disease burden, patient registration for data management, and laboratory testing for self-care equipment. The reach of these technological innovations can be seen in healthcare with the development of technologies. The commercialization of advanced technology-based blood gas analyzers has increased its demand among consumers due to the increasing prevalence of chronic diseases, raising the need for the India blood gas analyzer market.
- Increasing initiatives by governmental bodies for diagnostic tools
Many governmental agencies and key market players in the blood gas analyzer market are involved in spreading the use and importance of devices among society and across the state. These initiatives by the market players and government are helping the users to reach out to take advantage of the policies made for low-income and developing states that make them aware of preventable diseases if diagnosed earlier. The growth of blood gas analyzer in hospitals and emergency rooms are strongly encouraged due to the increased prevalence of chronic diseases in the nation and rising initiatives by government bodies. Various government bodies are taking initiatives to extend healthcare facilities to remote regions, such as Ayushman Bharat Yojana and National Rural Health Mission among others. Increasing initiatives by the government bodies are acting as an opportunity for the growth of the India blood gas analyzer market.
Restraints/Challenges
- Lack of skilled professionals
The lack of capable laboratory professionals is not a new story in diagnosis and healthcare. As with the increase in the burden of chronic diseases, the increase in the aged population and the development of healthcare insurance have increased the demand for healthcare laboratory professionals. Another reason is the lack of training sessions for the professionals. Factors such as the retention rate and workload lack of certification are reasons for the lack of trained laboratory manpower, lack of education, and relevant degrees. These factors are hampering the growth of the India blood gas analyzer market.
- Lack of reimbursement policies for blood gas analyzer
Reimbursement for blood gas analyzer tests and services has been under downward pressure for several years. The blood gas analyzer also faces major roadblocks in its growth due to the lack of reimbursement for these services.
The reimbursement of a device can significantly affect the ability of a provider to access a particular technology, as well as the willingness of a manufacturer to deliver it. If coverage is uncertain, the manufacturer has difficulty predicting whether an investment in new technology will yield enough returns. This lack of predictability is an apparent barrier to obtaining funding for the company. It further compromises innovation and restricts patient access to advanced technology and solutions.
Thus, inadequate reimbursement coverage may act as a restraint to the growth of the market in the forecast period.
- High cost associated with parts of analyzers
The rise in the cost of the blood gas analyzers components is due to robust research and effectiveness. However, the price of the material used and the developments incurred in the therapeutics and services would increase the number of manufacturing units and more workforce and human resources required to diagnose and screen pathogen viability. The rise in the cost of blood gas analyzers is due to technological development and increased demand for non-invasive in hospitals, clinics, nursing facilities, and ambulatory surgical centers. Therefore, the present high cost is expected to show a descending trend in the future.
Post-COVID-19 Impact on India Blood Gas Analyzer Market
COVID-19 has positively affected the India blood gas analyzers market. Lockdowns and isolation during pandemics complicate disease management and medication adherence. The lack of access to healthcare facilities for routine treatment and medication administration will further affect the market.
Recent Development
- In September 2021, Sensacore announced the launch of ST-200 CC Blood Gas Analyzer-Ultra Smart is the highly advanced blood gas model of Sensacore. It is a completely automated, microprocessor-controlled electrolyte system that uses direct current measurement with ION selective electrode (ISE), Impedance (Hct), and Amperometry (pO2) technology to make arterial blood gas analysis and electrolyte measurements
- In September 2020, Agappe diagnostics Ltd. launched a new hematology analyzer- Mispa Count X. Mispa Count X with Smart Impedance Technology is an advanced 3-part differential cell counter which offers quality CBC testing to deliver safe patient care
The India Blood Gas Analyzer Market Scope
India blood gas analyzer market is categorized into five notable segments such as product type, modality, medical condition, end user, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
BY PRODUCT TYPE
- Instruments
- Consumables
On the basis of product type, the India blood gas analyzer market is segmented into instruments and consumables.
BY MODALITY
- Benchtop
- Portable
- Handheld
On the basis of modality, the India blood gas analyzers market is segmented into handheld, benchtop, and portable.
BY MEDICAL CONDITION
- Kidney dysfunction
- Cardiovascular disorder
- Diabetes
- Hemorrhage
- Others
On the basis of medical condition, the India blood gas analyzers market is segmented into kidney dysfunction, cardiovascular disorder, diabetes, hemorrhage, and others.
BY DISTRIBUTION CHANNEL
- Direct tender
- Retail sale
On the basis of distribution channel, the India blood gas analyzers market is segmented into direct tender and retail sale distributors.
BY END USERS
- Hospital
- Clinical laboratories
- Research/Academic institute
- Home setting
- Others
On the basis of end-users, the India blood gas analyzers market is segmented into hospitals, clinical laboratories, research/academic institute, home setting, and others.
India Blood Gas Analyzer Market Regional Analysis/Insights
India blood gas analyzer market is analyzed, and product type, modality, medical condition, end user, and distribution channel provide market size insights and trends.
The country section of the report also provides individual market-impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Asia-Pacific brands and the challenges faced due to high competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Blood Gas Analyzer Market Share Analysis
The India blood gas analyzer market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, India presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies focus on the India blood gas analyzer market.
Some of the major companies which are dealing in the market are Abbott, Techno MedicaCo., Ltd., Nova Biomedical, WERFEN, Sensacore, OPTI Medical Systems, HDC India, AFFORD MEDICAL TECHNOLOGIES PVT. LTD., Radiometer India (a Subsidiary of Danaher), Siemens Healthcare Private Limited (a Subsidiary of Siemens), F. Hoffmann-La Roche Ltd., i-SENS, Inc., EDAN Instruments, Inc., ESCHWEILER GmbH & CO.KG, essential medical, Medica Corporation, and Wondfo among others.
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