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Medical Gas Analyzers Market Expected to Reach $325 Million by 2025 Medical Gas Analyzers Market Expected to Reach $325 Million by 2025 with key players Dragerwerk AG & Co. KGaA, Graco Inc. (Geotechnical Instruments (UK) LTD.), Maxtec LLC, MEECO Inc., Nov
According to a new report published by Allied Market Research, titled, Medical Gas Analyzers Market, by Product, Modality Type, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025," the 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.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.
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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.
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.
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By end user, the market is classified into hospitals, ambulatory surgery centers, pharmaceutical industry, and others. The hospitals segment occupied the largest share in 2017, and is anticipated to continue its dominance during the forecast period, due to rise in need for medical gas piping and surge in usage of medical gas therapies among the hospitals. However, the ambulatory surgery centers segment is anticipated to show fastest growth, owing to increase in number of surgery centers and rise in awareness of these centers among the developing countries.
Key players:
• 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)
• WITT-Gasetechnik GmbH & Co KG.
Table of content:
Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.3.1. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
Chapter: 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.1.1. CXO perspective
Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top player positioning
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. Increase in number of surgical procedures across the globe
3.3.1.2. Advancement in medical gas analyzers
3.3.1.3. Rise in number of patients being treated in ICUs, NICUs, and emergency departments
3.3.1.4. Surge in global geriatric population
3.3.1.5. Surge in healthcare expenditure worldwide
3.3.2. Restraints
3.3.2.1. Poor demand in under developed countries
3.3.3. Opportunities
3.3.3.1. Growth opportunities in emerging markets
3.3.3.2. Upsurge in adoption of medical gas analyzers
3.3.4. Impact analyses
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About Us:
Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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