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    Electrolyte Analyzers Market Report

    Electrolyte Analyzers Market Report
    Report code - SR1163 Delivery - 2 Weeks
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    Electrolyte Analyzers Market, Trends, Dynamics, Market Analysis
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    Market Insights

    The Electrolyte Analyzers Market is estimated to grow from USD 205.2 million in 2020 to USD 269.6 million by 2026 at a healthy CAGR of 4.7% during the forecast period.

    Figure: Electrolyte Analyzers Market Size, 2020-2026 (USD Million)

    Electrolyte-Analyzers-Market-Forecast

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    What are Electrolyte analyzers?

    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

    Key players operating in the electrolyte analyzers market are

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

    Market Dynamics

    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.

    Segment's Analysis

    Application Trends

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

    • The diagnostic centers segment held a healthy share in 2020 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 Trends

    By region, the Asia Pacific market accounted for the largest share in 2020 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.

    COVID-19 Impact on Electrolyte Analyzers Market

    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 electrolyte analyzers 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 electrolyte analyzers market?
    • What are the key strategies adopted by the major vendors to lead in the electrolyte analyzers market?
    • What is the market share of the top vendors?

    Target Audience

    The following is a list of the customers that the Electrolyte Analyzer market aims to convert the most:

    • Electrolyte analyzers vendors
    • Electrolyte analyzers retailers
    • Hospitals
    • Clinics

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    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.

    Frequently Asked Questions (FAQs)

    The electrolyte analyzers market size is expected to reach USD 269.6 million in the coming years.

    Convergent Technologies (The U.S), Meizhou Cornley Hi-Tech (China), JS Medicina Electronica (Argentina), Meril Life Sciences (India), HANNA Instruments (The U.S), BPC BioSed (Italy), Caretium Medical Instruments (China), URIT Medical Electronic (China), Erba diagnostics Mannheim (Germany) and IDEXX LABORATORIES (The U.S) are among the key players in the electrolyte analyzers market.

    The electrolyte analyzers market is expected to witness an impressive growth of 4.7% CAGR in the foreseeable future.

    The diagnostic centers segment is expected to grow at robust CAGR in the electrolyte analyzers market in the coming years.

    Asia Pacific market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR.

    Electrolyte analyzers vendors, Electrolyte analyzers retailers, Hospitals, Clinics are the target audience in the electrolyte analyzers market.

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