Electrolyte Analyzers Market Report

Market Insights

"The global electrolyte analyzers market size was estimated at USD 226.01 million in 2022 and is likely to grow at a CAGR of 4.49% during 2023-2028 to reach USD 295.17 million by 2028."

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Electrolyte analyzers measure electrolyte levels in the human body to detect metabolic imbalances and measure renal and cardiac function. The electrolytes measured includes potassium (K+), sodium (Na+), chloride (Cl-), and bicarbonate (HCO3- or CO2). These analyzers are widely used in hospital and reference laboratories, among others.

Key Players

The following are the key players in the electrolyte analyzers market (arranged alphabetically).

• BPC BioSed (Italy),
• Caretium Medical Instruments (China),
• Convergent Technologies (The U.S),
• Erba diagnostics Mannheim (Germany),
• HANNA Instruments (The U.S),
• IDEXX LABORATORIES (The U.S).
• JS Medicina Electronica (Argentina),
• Meizhou Cornley Hi-Tech (China),
• Meril Life Sciences (India), and
• URIT Medical Electronic (China).

Note: The above list does not necessarily include all the top players in the market.

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Market Dynamics

Market Drivers

The increasing prevalence of chronic disorders along with technological developments are expected to boost the industry's growth.

• Also, the adoption of an unhealthy diet coupled with bad lifestyle habits such as alcohol consumption and smoking are further anticipated to augment the market growth during the review period.
• However, the high cost associated with advanced electrolyte analyzers as well as stringent regulatory scenarios is likely to hamper the product demand.

COVID-19 Impact

The COVID-19 outbreak has moderately affected the electrolyte analyzers industry due to supply chain disruptions amid lockdowns. Also, increasing chronic cases after being infected by COVID-19 created a surge in the demand for electrolyte analyzers during the pandemic.

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Segment's Analysis

Application Trends

Based on application, the market is classified into experimental use, central laboratories, point-of-care, and diagnostic centers.

• The diagnostic centers segment held a healthy share in 2022 and is projected to grow at the robust CAGR during the assessment period.
• This is mainly attributed to rising number of diagnostic centers, R&D expenditure and new entrants & ventures, which further bolsters the segment growth.

Regional Analysis

By region, the Asia Pacific market accounted for the largest share in 2022 and is expected to grow at a substantial CAGR in the following years.

• This is mainly ascribed to growing incidences of chronic diseases such as diabetes, blood pressure, and hypertension.
• Also, increasing awareness regarding chronic diseases among the patient population and improving healthcare access for treatment, further proliferates the regional market growth.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s electrolyte analyzers market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market

What Deliverables Will You Get in this Report?

The market is segmented into the following categories.

By Type

• Fully-automatic
• Semi-automatic

By Application Type

• Experimental use
• Central Laboratories
• Point-of-Care
• Diagnostic Centers

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.