Growing Geriatric Population Likely to Gain Traction in Arterial Blood Gas Kits Market During 2020–2028
According to our new research study on “Arterial Blood Gas Kits Market Forecast to 2028 – COVID-19 Impact and Analysis – by product type, end-user,” the market is expected to reach US$ 773.01 million in 2028 from US$ 455.84 million in 2021 growing at a CAGR of 7.8% from 2021-2028. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.
An arterial blood gas (ABG) is a blood test carried out by taking blood from an artery, rather than a vein. It is performed so that an accurate measurement of oxygen and carbon dioxide levels can be obtained, which then allows the patients oxygen to be delivered appropriately. The kit includes a needle protection sheath that cores the bevel and encapsulates the contaminated needle to prevent blood spatter. The integral safety clips on the syringe allows for audible and visual confirmation that the needle is secure. Syringes are available non-vented or with a rear vented system which automatically evacuates air out the back of the syringe as the blood fills during the draw. Arterial blood gas tests are also performed on patients in respiratory distress, such as an asthma attack
Kidney, respiratory, and metabolic diseases are prevalent in geriatric population. The prevalence of chronic diseases increases with age. As per the United Nations, 46% of people aged 60 years and above have disabilities and ~250 million people suffer from moderate to severe disabilities across the world. Furthermore, the accumulation of health risks across a lifespan of disease, injury, and chronic illness contributes to high disability rates among older people. As per the United Nations World Population Ageing Report, the global population of people aged 60 years and above reached 962 million in 2017 from ~382 million in 1980, which is increased by more than two times. Also, according to the report, the population of elderly people is expected to double and reach ~2.1 billion by 2050. As per the US Census Bureau, there were 54 million US residents with age 65 years and above in July 2019. Further, the Urban Institute estimated that the US population of this age group will reach 80 million by 2040. As per the Population Census 2011, in India, ~104 million people were 60 years old or above, out of them ~53 million were females and ~51 million were males. According to the report by the United Nations Population Fund and HelpAge, elderly population in India is estimated to reach 173 million by 2026. The surging geriatric population across the world would increase the prevalence of chronic disorders in future, which is likely to create lucrative opportunities for the growth of the arterial blood gas kits market.
Becton Dickinson and Company, Radiometer Medical ApS, Smiths Medical, Vyaire Medical, Opti Medical Systems, Inc., Westmed Medical, Siemens Healthineers AG, ITL Biomedical, i-SENS, Inc., and Teleflex Incorporated amongst others are the leading companies operating in the micro catheters and micro guidewires market.
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