Fully Automatic Electrolyte Analyzers Market Expected to Reach $766.5 Million by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Fully Automatic Electrolyte Analyzers Market," The fully automatic electrolyte analyzers market size was valued at $439.7 million in 2022, and is estimated to reach $766.5 million by 2032, growing at a CAGR of 5.7% from 2023 to 2032. Fully automatic electrolyte analyzers are the in-vitro diagnostic medical devices used for the quantitative analysis of electrolytes in the human body. They automate the process of measuring potassium, sodium, and chloride levels in the body.

These analyzers are equipped with microprocessor-controlled electrolyte system that uses current ion selective electrode (ISE) technology for electrolyte measurements. These analyzers are used in clinical and diagnostic laboratories for the diagnosis of electrolyte imbalances in kidney disorders, cardiovascular diseases, and other diseases. These analyzers are available the benchtop and portable forms. Fully automated electrolyte analyzers provide rapid and accurate results, and these analyzers are also employed in the point-of-care testing platforms, which increases its demand in the market and hence contributes to the fully automatic electrolyte analyzers market share. 

Fully automatic electrolyte analyzers market trends that drive the growth of the market include increase in demand for point-of-care testing globally, rise in adoption of advanced analyzers, and increase in import of fully automatic electrolyte analyzers in developing countries such as India. Surge in demand for Point-of-care testing platforms as it provides rapid and accurate results at the patient's location is also contributing to growth of the market.

For instance, various companies offer electrolyte analyzers for point-of-care testing such as I-SENS. Inc. (i-SmartCare 10) and Abbott Laboratories (i-STAT). This has led to an increase in demand for portable analyzers that can be operated in point-of-care settings. Furthermore, increase in admission of patients in intensive care unit (ICU) which needs continuous monitoring of electrolyte levels further boost adoption of automatic electrolyte analyzers, and boost the fully automatic electrolyte analyzers market size.

For instance, according to Society of Critical Care Medicine (SSCM), more than 5 million patients are admitted annually to the U.S. intensive care units (ICUs) for intensive and invasive monitoring. Thus, the increase in patient admissions fuels the demand for fully automatic electrolyte analyzers and drives market growth. In addition, the rise in adoption of integrated automatic electrolyte analyzers in diagnostic centers for the analysis of integrated parameters also drives the growth of the market. The integrated analyzers are offered by various key players such as F. Hoffmann-La Roche AG, Agappe Diagnostics Ltd, and Chengdu Seamaty Technology Co., Ltd.

However, the high cost of electrolyte analyzers and inadequate laboratory facilities in underdeveloped countries negatively impact the market growth. For instance, the cost of BIOBASE R Auto Electrolyte Analyzer is $450 to $1,100. In addition, the price of Medica Corporation’s EasyLyte is about $3,000 to $3,500. Thus, the high cost of fully automatic electrolyte analyzers restrains the market growth.

The fully automatic electrolyte analyzers market analysis is done 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 type, the integrated segment dominated the fully automatic electrolyte analyzers industry and is anticipated to be the fastest growing segment during the forecast period. As the integrated electrolyte analyzers allow for comprehensive analysis and measurement of multiple parameters beyond electrolytes. These analyzers are used to perform additional tests such as pH measurements, lithium testing, and blood gas analysis. In addition, integrated electrolyte analyzers are majorly employed in laboratory settings as they perform a wide range of diagnostic testing.

On the basis of modality, the benchtop segment dominated the fully automatic electrolyte analyzers industry in 2022. This is attributed to technological advancement in benchtop analyzers such as touchscreen interfaces, improved accuracy, automated sample handling, and integrated sample handling capabilities drives the segment growth. However, portable is the fastest growing segment during the forecast period owing to increase in demand for point-of-care testing and portable electrolyte analyzers facilitate real-time monitoring of patient’s electrolyte levels.

As per end user, the diagnostic centers segment dominated the market in 2022 owing to, presence of well-equipped diagnostic centers with advanced diagnostic instruments, rise in awareness for preventive testing, and increase in healthcare spending. On the other hand, hospitals are the fastest growing segment during the fully automatic electrolyte analyzers market forecast period, owing to surge in adoption of point-of-care testing and increase in hospitalization of patients in ICUs.

Region wise, North America had the highest market share in 2022, and is expected to maintain its lead during the forecast period, owing to rise in adoption of advanced electrolyte analyzers, increase in prevalence of chronic diseases, and surge in awareness about importance of preventive care. However, Asia-Pacific is expected to exhibit fastest growth during the forecast period, owing to major presence of domestic players, development of healthcare systems, surge in chronic disease population, and development in fully automatic electrolyte analyzers industry.

Key findings of the study

• By type, integrated segment owned the highest fully automatic electrolyte analyzers market share in 2022.
• By modality, benchtop segment dominated the market in 2022
• On the basis of end user, diagnostic centers segment dominated the market in 2022.
• By region, North America dominated the fully automatic electrolyte analyzers industry in 2022. However, Asia-Pacific is the fastest growing segment during the forecast period.