The fully automatic electrolyte analyzers market was valued at $439.7 million in 2022 and is estimated to reach $766.5 million by 2032, exhibiting a CAGR of 5.7% from 2023 to 2032. Fully automatic electrolyte analyzers can be defined as the advanced laboratory instruments used to analyze the electrolytes in the human body. These analyzers are majorly used for quantitative analysis of potassium, salt, and chloride levels in the serum, whole blood, or plasma. These analyzers automate the process of electrolyte measurement which helps to reduce human errors, providing rapid and accurate results. Fully automatic electrolyte analyzers are mostly used in medical laboratories, diagnostic centers, and hospitals. These are used to diagnose and monitor electrolyte imbalances, acid-base disturbances, and others.
The fully automatic electrolyte analyzers market growth is driven by increase in need for modern healthcare technology, rise in trend towards decentralized medical care, and surge in prevalence of long-term illnesses such as diabetes, coronary artery disease, and hypertension. Long-term illnesses such as hypertension cause electrolyte imbalances in the body due to loss of sodium and potassium ions. Therefore, fully automated electrolyte analyzers are used to offer convenient methods for healthcare professionals to manage electrolyte balances in patients suffering from hypertension. For instance, in 2020, Pan American Health Organization (PAHO), estimated that hypertension affects more than 30% of the adult population across the globe. As the prevalence of chronic disease is rising, there is a greater need for fully automated electrolyte analyzers which is the key factor driving the growth of the market.
Furthermore, technological advancement in fully automated electrolyte analyzers has significantly improved the accuracy and precision of electrolyte measurements and contributed towards market growth. For instance, Cobas b 221 system is a fully automated benchtop analyzer which offers individually adjustable parameter configurations. In addition, this system can be operated in hospitals and laboratories, as well as in point-of-care testing. Availability of such technologically advanced automated electrolyte analyzers further contribute towards the market growth.
In addition, the medical facilities in India represent a complex scenario as the country has most diverse population in the world with limited healthcare resources. Therefore, the utility of point-of-care diagnostic devices are uplifting the healthcare status in India. Therefore, the increase in demand for point of care testing further propels the market growth of fully automatic electrolyte analyzers.
However, the excessive cost of fully automatic electrolyte analyzers as compared with semi-automated or manual analyzers negatively impacts the market growth. High cost of automatic electrolyte analyzers as well as ongoing maintenance and reagent expenses, raise the overall cost and limit their adoption in healthcare facilities, especially in smaller clinics or laboratories with limited budgets.
On the other hand, increase in demand for portable automatic electrolyte analyzers for preventive care and diverse parameters testing through integrated automatic electrodes are expected to create immense opportunities for the growth of fully automatic electrolyte analyzers market during the forecast period. The fully automatic electrolyte analyzers market is segmented on the basis of type, modality, end user, and region. On the basis of type, the market is classified into standalone and integrated.
On the basis of modality, the market is bifurcated into benchtop and portable. As per end user, the market is divided into hospitals, diagnostic centers, and others. Others segment includes clinics, homecare settings, and ambulatory surgical centers. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global fully automatic electrolyte analyzers market are Accurex Biomedical Pvt. Ltd., Medica Corporation, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Caretium Medical Instruments Co., Diamond Diagnostics, Neomedica, Agappe Diagnostics Ltd, Siemens AG, and HD Consortium India Limited.
The fully automatic electrolyte analyzers market growth is driven by increase in need for modern healthcare technology, rise in trend towards decentralized medical care, and surge in prevalence of long-term illnesses such as diabetes, coronary artery disease, and hypertension. Long-term illnesses such as hypertension cause electrolyte imbalances in the body due to loss of sodium and potassium ions. Therefore, fully automated electrolyte analyzers are used to offer convenient methods for healthcare professionals to manage electrolyte balances in patients suffering from hypertension. For instance, in 2020, Pan American Health Organization (PAHO), estimated that hypertension affects more than 30% of the adult population across the globe. As the prevalence of chronic disease is rising, there is a greater need for fully automated electrolyte analyzers which is the key factor driving the growth of the market.
Furthermore, technological advancement in fully automated electrolyte analyzers has significantly improved the accuracy and precision of electrolyte measurements and contributed towards market growth. For instance, Cobas b 221 system is a fully automated benchtop analyzer which offers individually adjustable parameter configurations. In addition, this system can be operated in hospitals and laboratories, as well as in point-of-care testing. Availability of such technologically advanced automated electrolyte analyzers further contribute towards the market growth.
In addition, the medical facilities in India represent a complex scenario as the country has most diverse population in the world with limited healthcare resources. Therefore, the utility of point-of-care diagnostic devices are uplifting the healthcare status in India. Therefore, the increase in demand for point of care testing further propels the market growth of fully automatic electrolyte analyzers.
However, the excessive cost of fully automatic electrolyte analyzers as compared with semi-automated or manual analyzers negatively impacts the market growth. High cost of automatic electrolyte analyzers as well as ongoing maintenance and reagent expenses, raise the overall cost and limit their adoption in healthcare facilities, especially in smaller clinics or laboratories with limited budgets.
On the other hand, increase in demand for portable automatic electrolyte analyzers for preventive care and diverse parameters testing through integrated automatic electrodes are expected to create immense opportunities for the growth of fully automatic electrolyte analyzers market during the forecast period. The fully automatic electrolyte analyzers market is segmented on the basis of type, modality, end user, and region. On the basis of type, the market is classified into standalone and integrated.
On the basis of modality, the market is bifurcated into benchtop and portable. As per end user, the market is divided into hospitals, diagnostic centers, and others. Others segment includes clinics, homecare settings, and ambulatory surgical centers. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global fully automatic electrolyte analyzers market are Accurex Biomedical Pvt. Ltd., Medica Corporation, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Caretium Medical Instruments Co., Diamond Diagnostics, Neomedica, Agappe Diagnostics Ltd, Siemens AG, and HD Consortium India Limited.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fully automatic electrolyte analyzers market analysis from 2022 to 2032 to identify the prevailing fully automatic electrolyte analyzers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the fully automatic electrolyte analyzers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global fully automatic electrolyte analyzers market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Standalone
- Integrated
By Modality
- Portable
- Benchtop
By End User
- Hospitals
- Diagnostic Centers
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Diamond Diagnostics
- Medica Corporation
- Abbott Laboratories
- Agappe Diagnostics Ltd
- HD Consortium India Limited
- Neomedica
- Caretium Medical Instruments Co.
- F. Hoffmann-La Roche Ltd.
- Siemens AG
- Accurex Biomedical Pvt. Ltd.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FULLY AUTOMATIC ELECTROLYTE ANALYZERS MARKET, BY TYPE
CHAPTER 5: FULLY AUTOMATIC ELECTROLYTE ANALYZERS MARKET, BY MODALITY
CHAPTER 6: FULLY AUTOMATIC ELECTROLYTE ANALYZERS MARKET, BY END USER
CHAPTER 7: FULLY AUTOMATIC ELECTROLYTE ANALYZERS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The fully automatic electrolyte analyzers market is likely to experience a significant growth rate of 5.7% from 2023-2032 owing to rise in demand from medical device industryFully automatic electrolyte analyzers are used to measure the electrolyte levels in the serum, blood, or plasma. These devices work on the principle of ion-selective electrodes (ISE) or indirect potentiometry to measure the concentration of electrolytes in a sample. These analyzers are employed in clinical laboratories, point-of-care testing (POCT) settings, critical care, and intensive care units (ICUs), for continuous monitoring of electrolyte levels in patients. They also help to monitor electrolyte imbalances that can occur in kidney disorders such as acute kidney injury, chronic kidney disease, and electrolyte-related complications in dialysis patients. Fully automatic electrolyte analyzers are available in different forms such as portable fully automatic electrolyte analyzers and benchtop fully automatic electrolyte analyzers.
Key factors driving the growth of the fully automatic electrolyte analyzers market include rise in number of individuals suffering from various chronic diseases such as kidney diseases or hypertension which require regular monitoring of electrolyte levels and technological advancement in fully automatic electrolyte analyzers. For instance, people suffering from kidney diseases require routine monitoring of calcium, potassium, and sodium levels. According to Commonwealth Nephrology Associates 2023, reported that people with chronic kidney diseases are susceptible to hyperkalemia and hyponatremia. This has increased the demand for fully automatic electrolyte analyzers, which drives market growth.
The technological advancements in fully automatic electrolyte analyzers such as advancement in sensor technology and integration of software have enabled these analyzers to produce accurate and rapid results. For instance, the development of ion-selective electrode (ISE) technology improves the accuracy of electrolyte measurements. In addition, Jokoh EX-D Electrolyte Analyzer is a highly sensitive electrolyte analyzer developed by the technology of ion selective electrode (ISE) and flame emission photometry (FEP). It is used to measure sodium, potassium, and chloride in whole blood, serum, or plasma.
Furthermore, fully automatic electrolyte analyzers have high operational efficiency which reduces the possibility of human errors and can process large number of samples in minimum time. This has increased the adoption of fully automatic electrolyte analyzers in laboratory settings, which, in turn, boost the market growth.
In addition, the development of portable electrolyte analyzers which provide results within a few minutes and require less space also boosts the market growth. For instance, SG1 Blood Gas and Electrolyte Analyzer is an easy-to-use handheld portable blood gas and electrolyte analyzer that provides accurate blood gas, electrolyte and critical care biochemistry results in just a few minutes. In addition, it allows you to do the diagnosis anywhere and anytime. Thus, these products are majorly used in point of care testing and boost market growth.
Moreover, the surge in adoption of preventive healthcare and the increase in demand for point-of-care testing are expected to create lucrative opportunities for the growth of fully automatic electrolyte analyzers. For instance, regular health screening includes tests that measure electrolyte balance as a part of preventive measures. As the number of people seeking preventive care increases the demand for fully automatic electrolyte analyzers also rises. In addition, adoption of point-of-care testing for chronic diseases management has increased in the developed countries such as U. S. This is expected to create new opportunity for the adoption of portable analyzes as these are easy to use and provide accurate results within few minutes.
The fully automatic electrolyte analyzers market is segmented on the basis of type, modality, end user, and region. On the basis of type, the market is classified into standalone and integrated. On the basis of modality, the market is bifurcated into benchtop and portable. As per end user, the market is divided into hospitals, diagnostic centers, and others. On the basis of region, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players that operate in the global fully automatic electrolyte analyzers market include Accurex Biomedical Pvt. Ltd., Medica Corporation, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Caretium Medical Instruments Co., Diamond Diagnostics, Neomedica, Agappe Diagnostics Ltd, Siemens AG, and HD Consortium India Limited.
Key Market Insights
By type, the integrated segment was the highest revenue contributor to the market in 2022 and is estimated to reach $517.0 million by 2032.On the basis of modality, the benchtop segment dominated the global market. However, the portable segment is expected to register the fastest CAGR during the forecast period.
By end user, the diagnostic centers segment dominated the global market in 2022.
Based on region, North America garnered the largest revenue share in 2022. However, Asia-Pacific is anticipated to grow at the highest CAGR of 6.5% during the forecast period.
Companies Mentioned
- Diamond Diagnostics
- Medica Corporation
- Abbott Laboratories
- Agappe Diagnostics Ltd
- HD Consortium India Limited
- Neomedica
- Caretium Medical Instruments Co.
- F. Hoffmann-La Roche Ltd.
- Siemens AG
- Accurex Biomedical Pvt. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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