- Single Gas Analyzer
- Multiple Gas Analyzer
Medical Gas Analyzer Market size was valued at USD 244.17 million in 2022 and is poised to grow at a CAGR of 3.9% from 2023-2029. Medical gas analysis is becoming an important aspect of patient safety, patient monitoring, diagnosis, and therapy. This application of technology to determine the constituents and quantify physiologic gases is increasing in importance. The report studies global medical gas analyzer market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Various medical gases such as oxygen, carbon dioxide, nitrogen, nitrogen dioxide, nitrous oxide, and medical air etc. have become a fundamental part of hospitals and many other healthcare facilities.
Medical Gas Analyzer Market Key Developments:
In November 2017, Servomex has launched a new multi-gas analyzer offering up to four simultaneous digital gas stream measurements and configurable to a wide range of industrial gas and pharmacopeia applications.
Global Medical Gas Analyzer Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
3.9%
Largest Market
North America
Fastest Growing Market
Europe
Medical Gas Analyzer Market Dynamics
Increase in the advancements of the technology is the key factor attributing the growth of the medical gas analyzer market. Growing count of the hospitals is another factor anticipating the growth of the market. Rising awareness among the healthcare providers regarding patient safety and monitoring is influencing the growth of the medical gas analyzer market. Increase in the incidence of the chronic respiratory diseases is enhancing the growth of the market. However, the stringent government regulations are hampering the growth of the medical gas analyzer market. Poor reimbursement policies are hindering the growth of the market.
North-America Got Significant Share
Medical Gas Analyzer Market Regional Analysis
Geographically, global medical gas analyzer market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North Americamedical gas analyzer market is the dominant market owing to its improved technology. The increasing demand for the improvements in the healthcare is leading to drive the growth of the medical gas analyzer market. Rising need of the gas analyzers in the hospitals is anticipating the growth of the market. As per the Centers for Disease Control and Prevention, 130,000 people in the U.S. die due to stroke each year and every year 795,000 of the population suffers from strokes indicating the need for medical gases for therapy in turn supporting the growth of medical gas analyzers market. Europe medical gas analyzer marketfalls next to North America. The Europe medical gas analyzer marketprojected to grow exponentially over the forecasted period due to the presence of the emerging economies with a focus on the development of the healthcare. The growing support from the government is attributing the growth of the medical gas analyzer market.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Medical Gas Analyzer Market Segmentation
By Analyzer Type
By Technology
- Optical
- Infrared
- Electrochemical
By Equipment
- Valves and Hose Assemblies
- Alarm Systems
- Cylinders
- Flow meters
- Regulators
- Air Compressors
- Masks
- Vacuum Systems
- Manifolds
- Outlets
By End User
- Hospitals
- Ambulatory Surgery Centers
- Others
Frequently Asked Questions
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
- Drägerwerk AG & Co. KGaA (Germany)
- General Electric Co. (U.S.)
- Figaro Engineering Inc. (Japan)
- Honeywell International, Inc. (U.S.)
- ABB Ltd. (Switzerland)
- Emerson Electric Co. (U.S.)