Blood Gas and Electrolyte Analyzer Market: Technological Growth Map over Time to Understand the Industry Growth Rate
A recent report by Transparency Market Research states that global blood gas and electrolyte market is projected to witness a substantial growth in the tenure of 2017 to 2023. This growth of the market is attributed to the developing and improving healthcare infrastructure across the globe. This growth of the global blood gas and electrolyte market is attributed to the growing developments in healthcare sector. These developments are resulting in implementation of technologies that can help the care providers and patients in treating the diseases.
For instance, hospitals are implementing technologies like AR and VR that can provide real-time simulation of human body that can help them understand the anomaly of the patient. Due to these growing developments, the global blood gas and electrolyte market shall witness a considerable growth in the projected tenure.
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The Market to Witness a 8.6% CAGR During the Tenure
Based on the lucrative opportunities that the players of global blood gas and electrolyte market can leverage, the market shall witness a substantial 8.6% CAGR during the projected tenure. This is also means that the global blood gas and electrolyte market has ample of opportunities that can help the players to grow exponentially between 2017 and 2023.
With this growth rate the global blood gas and electrolyte market is projected to reach to the value of US$ 3.48 bn by the end of 2023. This allows the market players to grow rapidly during the duration. The experts also suggests that the global blood gas and electrolyte market stood strong at the value of US$ 2.11 bn during 2016.
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Benefits Such as Mobility Drives the Growth
As the developments advances in healthcare sector. The mobility is one of the facility that every healthcare apparatus must have these days. This allow the devices to be effective while they are on the move. With technological developments the blood gas and electrolyte device can now have mobility. This allow the device to be used in certain emergency.
With these technological developments, the blood gas and electrolyte devices are in much demand. Due to this demand the global blood gas and electrolyte market is growing rapidly from 2017 to 2023.
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North America Emerges as Dominant Region
North America dominated the global blood gas and electrolyte market in previous duration i.e 2016. The region accounted for US$ 683 mn during this period. The region is projected to continue its domination in the present forecast period. The dominance of North America is the result of the growing healthcare infrastructure in U.S. and Canada. Additionally, the presence of technology pioneers developing innovative solutions for healthcare sector is also a major factor that supports the domination of North America in global blood gas and electrolyte market from 2017 to 2023.
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