Medical Nitrous Oxide Market Report on Size, Share, Scope and Forecast 2024-2031

Medical Nitrous Oxide Market worth $3.03 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Medical Nitrous Oxide Market - (By Product (Gaseous State, Liquid State), By Application (Anesthesia and Pain Relief, Cryosurgery, Surgical Insufflation), By End User (Hospitals, Home Healthcare, Academic & Research Institutions)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Medical Nitrous Oxide Market is valued at US$ 1.76 Bn in 2023, and it is expected to reach US$ 3.03 Bn by 2031, with a CAGR of 7.22% during the forecast period of 2024-2031.

Nitrous oxide, which is also called as called laughing gas, is commonly used in medical and non-medical settings. It's a colourless, non-flammable gas with a somewhat pleasant aroma. Non-medical end uses include the electronics sector, food processing, and racing automobiles. It is commonly used as an analgesic and anaesthetic in surgical and dental procedures in the medical industry. It has pleasant euphoric effects when inhaled, and as a result, it is occasionally used recreationally as a dissociative anaesthetic. In addition, The increasing demand for nitrous oxide in the automotive industry is expected to drive market expansion. Nitrous oxide is widely used in the automotive sector to improve performance. It is blended with the engine's intake air to boost the oxygen content, which increases power output.

However, the market for nitrous oxide is coping with a number of other difficulties that may hamper market progress throughout the predicted time frame. One of the most pressing issues confronting the market today is the negative impact of nitrous oxide on the environment. Nitrous oxide also contributes to global warming. Furthermore, the high cost of nitric oxide production and storage is expected to limit market growth throughout the forecast period.

The medical industry has developed a major end-use market for nitrous oxide. It is preferred over other anaesthetic medications in medical procedures due to its non-flammability and rapid onset of action. Furthermore, the rising prevalence of chronic illnesses such as cancer and respiratory disorders has increased the number of surgeries performed worldwide, driving up demand for nitrous oxide in the medical industry. Nitrous oxide is expected to fuel market expansion in the food and beverage industry as a whipping ingredient for cream and other desserts.

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List of Prominent Players in the Medical Nitrous Oxide Market:
• Air Liquide (Airgas)
• Air Products
• American Welding & Gas.
• Calox
• Carbide And Chemicals
• Chengdu Taiyu Industrial Gases Co., Ltd.
• Earlbeck Gases & Technologies
• Ellenbarrie Industrial Gases.
• Gulf Cryo
• Jiangsu Huazhong Gas Co., Ltd.
• Linde Plc
• Matheson Tri-Gas,Inc
• Messer Se & Co. Kgaa
• Nexair
• Norco Inc.
• Oxygen & Argon Works Ltd
• Sol Spa
• Southern Gas Limited
• Steelman Gases Pvt. Ltd.
• Taiyo Nippon Sanso Corporation

Market Dynamics:

Drivers-
One of the key market drivers is technological advancements, which are increasing demand for portable and compact nitrous oxide delivery devices, particularly in outpatient settings and dental offices. Manufacturers have created lightweight, portable gadgets that provide flexibility and convenience without compromising performance or safety. Another factor, Increasing Awareness and Acceptance, involves healthcare providers prioritizing patient comfort and pleasure during medical treatments. Nitrous oxide, with its rapid start and offset of action, effectively relieves pain and anxiety without the need for invasive methods or lengthy recovery times. As patients become more aware of the availability and benefits of nitrous oxide, they may seek it for pain relief and anaesthesia, increasing demand.

Challenges:
One of the market's hurdles is safety concerns. A significant safety hazard with nitrous oxide use is the risk of hypoxia, which occurs when the body's tissues are deprived of sufficient oxygen. High dosages of nitrous oxide can replace oxygen in the lungs, leading to hypoxemia and potential repercussions if oxygen levels are not adequately restored. Environmental issues pose a limitation on the market due to the presence of nitrogen oxide, a strong greenhouse gas that exacerbates global warming and climate change. It has a significantly greater impact per molecule than carbon dioxide (CO2) during 100 years. Nitrous oxide emissions from medical sources, such as anaesthetic operations and medical gas production, contribute to global greenhouse gas emissions.

Regional Trends:
North America had the largest revenue share in the global nitrous oxide market in 2023. The increasing demand for nitrous oxide across a variety of industries, like automotive, food & beverage, and healthcare, is driving market growth. As the prevalence of chronic diseases in the region has increased, so has the demand for medical-grade nitrous oxide, which is used for anaesthesia and pain treatment. Additionally, The Asia Pacific market is predicted to have the greatest revenue CAGR over the forecast period due to the region's rapid development and urbanization. The rise of the food and beverage sectors in countries such as China and India is driving regional demand for nitrous oxide. The increasing use of nitrous oxide in the automotive industry to increase engine efficiency and reduce emissions is boosting the regional market's growth.

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Recent Developments:

• In Aug 2022, Linde Thailand increased its production of Ultra High Purity Nitrous Oxide (UHP N2O) to enhance its service to customers in South-East Asia. They prioritized upholding high-quality standards and mitigating supply chain risks, drawing on their 50 years of experience in the Thailand market.

• In Oct 2020, nexAir purchased Atlanta Medical Gases' business operations and clientele. Atlanta Medical Gases' healthcare customers enhanced nexAir's medical gas position in the greater Atlanta area as part of the acquisition. The acquisition allowed Atlanta Medical Gases customers to take advantage of nexAir's product range.

Segmentation of Medical Nitrous Oxide Market-
By Product
• Gaseous State
• Liquid State
By Application
• Anesthesia and Pain Relief
• Cryosurgery
• Surgical Insufflation
By End User
• Hospitals
• Home Healthcare
• Academic & Research Institutions
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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