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Medical Gas Analyzers Industry Poised to Achieve Significant Growth in the coming Years

global medical gas analyzers market generated $235 million in 2017, and is projected to reach $325 million by 2025, growing at a CAGR of 4.1% from 2018 to 2025.

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Medical Gas Analyzers Industry Poised to Achieve Significant Growth in the coming Years

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  1. Medical Gas Analyzers Market

  2. Increase in number of medical gas therapy plays a major role in the growth of the medical gas analyzers market. Furthermore, increase in adoption of medical gas analyzers in the developing countries is expected to boost the demand for medical gas analyzers in the coming years. Medical Gas Analyzers Market was valued at $235 million in 2017, and is expected to reach $325 million by 2025, growing at a CAGR of 4.1% from 2018 to 2025. Get Sample Report

  3. Medical gas analyzers are used for the measurement of concentration and purity of medical gas such as oxygen, carbon dioxide, nitrogen, or nitrous oxide. These gases are widely used in hospitals, ambulatory surgery centers, and pharmaceutical & biotech companies for gas therapy, sterilization, and insulation. The medical gas analyzers market is anticipated to show significant growth during the forecast period, due to upsurge in adoption of medical gas analyzers, stringent regulation for medical gas system, and increase in demand for advanced medical gas analyzing systems.

  4. Depending on product, the market is bifurcated into single gas analyzer and multiple gas analyzer. At present, single gas analyzer is major revenue generator, due to lower cost, convenience, and accuracy it offers. However, the demand for multiple gas analyzers is expected to be highest during the forecast period, owing to technological advancements in multi-gas analysis systems. According to modality, the market is categorized into handheld, portable, and benchtop. Presently, portable analyzers segment generates the highest revenue, and is anticipated to show dominance during the forecast period, due to ease of handling, cost-effectivity, and test convenience.

  5. Key Findings of the Medical Gas Analyzers Market: • Based on product, the multiple gas analyzers segment is expected grow at a CAGR of 4.5% from 2018 to 2025. • Depending on modality type, the portable analyzers held more than half of global market share in 2017, and is expected to remain dominant throughout the forecast period. • By end user, the ambulatory surgery centers exhibited fastest growth, registering a CAGR of 5.6%. • Region wise, Asia-Pacific is expected to experience growth at the highest CAGR of 5.4% during the forecast period.

  6. The key players profiled in this report include Dragerwerk AG & Co. KGaA, Graco Inc. (Geotechnical Instruments (UK) LTD.), Maxtec LLC, MEECO Inc., Novair Medical, Roscid Technologies, Sable Systems International, Systech Illinois, Tenex Capital Management (Ohio Medical), and WITT-Gasetechnik GmbH & Co KG.

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