Medical Gas Analyzers Market 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

The market for Medical Gas Analyzers is estimated at $ 235 million in 2017 and is expected to grow at a CAGR of 4.1% from 2018 to 2025, reaching $ 325 million by 2025.

Medical gas analyzers are used to measure the concentration and purity of medical gases such as oxygen, carbon dioxide, nitrogen or nitrous oxide. This gas is widely used in hospitals, ambulatory surgery centers and pharmaceutical and biotechnology companies as gas therapy, sterilization and insulation. The market for medical gas analyzers is expected to grow considerably over the forecast period due to the surge in the adoption of medical gas analyzers, the stringent regulation of medical gas systems and the growing demand for advanced medical gas analysis systems.

Depending on the product, the market branches to a single gas analyzer and a multi-gas analyzer. Single gas analyzers are now a major source of revenue due to their low cost, convenience and accuracy. However, due to technological advances in multi-gas analysis systems, the demand for multiple gas analyzers is expected to be highest during the forecast period.

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Depending on the form, markets are classified as portable, portable and benchtop. The Portable Analyzer segment is currently the most profitable and is expected to outperform during the forecast period due to ease of handling, cost effectiveness and ease of testing. However, the handheld market is expected to grow at the fastest pace with technological advances and the surge in adoption of handheld analyzers.

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.

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North America held the largest market share in 2017, and is expected to remain dominant throughout the forecast period. This is attributed to higher demand for medical gas analyzers, stringent regulation for medical gas systems, developed healthcare infrastructure, and higher number of hospitals & healthcare systems. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period majorly due to upsurge in number of medical gas therapies and rise in number of surgeries & emergency room patient population.

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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