Blood Volume Analyzer Market Trends

Growth Drivers

• Rising obesity level - According to a report published by the Centers for Disease Control and Prevention on Adult Obesity Facts, the medical cost of obesity is USD 173 billion annually in the USA. Moreover, there are many factors affecting the obesity rates such as males and females with college degrees being less obese in comparison to the less or uneducated ones. Obesity causes many diseases such as stroke, heart disorders, and cancer. Thus, with the rise of obesity and the associated risk of diseases such as CVD, blood volume analyzer market demand will also surge.
• Increase in cardiovascular diseases and blood disorders - Rapid changes in lifestyle behavior are increasing numerous serious medical conditions. In China, cardiovascular diseases are one of the leading causes of death. About 5 million people died in the year 2020 due to the increasing prevalence of high systolic blood pressure.
  
  However, these diseases can be early diagnosed with the help of blood tests. Further, the blood volume analyzer measures blood volume in few minutes with accuracy. Due to systematic dysfunctions, the rate of blood volume changes and thus, it becomes crucial to regularly analyze blood volume to maintain an appropriate rate.
• Technological advancements in healthcare - Advanced technology in healthcare has provided access to top-notch treatments. Additionally, the decrease in the cost value of new medical products is making appropriate medical care accessible to every patient.
  
  Moreover, breakthrough analyzers such as blood gas analyzer that helps in determining the pH, carbon dioxide, oxygen and electrolytes, are best used for patients with serious conditions. Simultaneously, a blood volume analyzer helps in finding out red blood cells, plasma volume, and total blood volume which further helps in decreasing the risk factors associated with various diseases.

Challenges

• Lack of awareness - The new advanced medical devices require a proper understanding of the functions and benefits of the device. Unawareness about such devices due to unaffordability or unprofessionalism hinders the growth of the market.
• Unskilled labour - It is a major challenge to the blood volume analyzer market. Since, for proper utilization, appropriate training is required. The high cost of blood volume analyzers is a restraining factor in developing areas where the healthcare budget is limited.