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Nitrous Oxide Market worth US$ 962 Million in 2022 to US$ 1,924 Million 2032 with a CAGR of 6.8%
Nitrous Oxide Market
๐ง๐ผ ๐ฎ๐ฐ๐ฐ๐ฒ๐๐ ๐๐ต๐ฒ ๐ณ๐๐น๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐, ๐ฐ๐น๐ถ๐ฐ๐ธ ๐ต๐ฒ๐ฟ๐ฒ:
https://www.prophecymarketinsights.com/market_insight/Global-Nitrous-Oxide-Market-By-348
Key Market Insights from the report:
The global market accounted for US$ 962 Million in 2022 and is projected to register a moderate CAGR of 6.8% over the forecast period. The market report has been segmented on the basis of product, application, and region.
By product, medical grade segment accounted for major revenue share in 2019. Nitrous oxide gas used an anesthetics agent as well as pain reducing agents are some factors expected to support growth of this segment over the forecast period.
By application, the application segment holds for major revenue share in 2019, and expected to register a CAGR of 6.8% over the forecast period. Increasing end-use applications of nitrous oxide gas in clinics, hospitals and dental clinics for various procedures is in turn expected to boost growth of the segment over the forecast period.
By region, North America nitrous oxide market accounted for major revenue share of the global nitrous oxide market and is further anticipated to maintain its dominance over the forecast period. Presence of key manufacturers, coupled with increasing use of nitrous oxide in medical as well as non-medical sector. The Europe market is expected to account for second highest revenue share in the global market in 2019.
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Key players operating the global nitrous oxide market includes-
Praxair Technology, Inc.
Oxygen & Argon Works Ltd
Linde Group
Matheson Tri-Gas, Inc.
SOL S.p.A.
MERCK Kommanditgesellschaft auf Aktien
Air Liquide International S.A.
Airgas, Inc.,
Ellenbarrie Industrial Gases Ltd.
Promas Engineers Pvt. Ltd.
S S Gas Lab Asia Pvt Ltd
KVK Corporation
Carbide Chemical Limited.
Nitrous Oxide market trend:
Medical and Dental Applications:
Nitrous oxide continues to be widely used as a mild anesthetic in medical and dental procedures. The trend includes ongoing research and advancements in the administration and monitoring of nitrous oxide for patient comfort and pain management.
Medical Nitrous Oxide Systems:
Advancements in medical nitrous oxide delivery systems aim to improve safety, efficiency, and precision in medical settings. This includes innovations in equipment design, flow control, and integrated monitoring technologies.
Nitrous Oxide in Obstetrics:
Nitrous oxide remains a popular option for pain relief during labor in some regions. The trend involves ongoing studies and discussions about the safety and efficacy of nitrous oxide in obstetric care.
Dental Sedation:
In the field of dentistry, nitrous oxide sedation continues to be a preferred method for managing anxiety and discomfort during dental procedures. Trends focus on optimizing sedation protocols and patient experience.
Related Reports:
https://www.prophecymarketinsights.com/market_insight/Hydrochloric-Acid-Market-5196
https://www.prophecymarketinsights.com/market_insight/Butyl-Glycol-Market-5189
https://www.prophecymarketinsights.com/market_insight/White-Oil-Market-5155
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