Medical Gas Analyzer Market Growth, Trends and Forecast up to 2024
The global medical gas analyzer market is characterized by a largely consolidated vendor landscape and dominance of a handful of large manufacturers that have operations in key regional markets, says a new report by Transparency Market Research (TMR).The Global Market For Medical Gas Analyzers is experiencing immense growth opportunities in developing and less developed economies. However, low-cost products from new market participants in emerging economies is expected to affect the market presence of dominant players. In this scenario, investments in research and development, innovation, and mergers and acquisitions are the key growth strategies that key market players have resorted to. For example, Servomex, a leading company for medical gas analyzer, introduced the next-gen multi-gas analyzer variant SERVOPRO MULTIEXACT 5400 in 2016, with features of paramagnetic, thermal conductivity, and zirconia. Another example is Teledyne Technologies that acquired Frontline Test Equipment Inc., and Quantum Data Inc. This enabled the former to incorporate data communication features into its products.
Request to View Brochure of Report -
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15335
As per estimates presented in a report by Transparency Market Research, the global medical gas analyzer market is projected to be worth US$179.24 mn by the end of 2024 from US$136.91 mn in 2015, expanding at a CAGR of 3.1% between 2016 and 2024.
The single gas analyzer product segment led the medical gas analyzer market with a share of nearly 84% vis-à-vis revenue and a share of over 97% in terms of volume in 2015. The segment is expected to rise at a CAGR of 3.2% between 2016 and 2024, mainly because of the low price factor and easy availability of the product segment.
Geography-wise, North America held the leading share of the medical gas analyzer market in 2015. The presence of an ultramodern healthcare infrastructure and stringent regulations in place to avoid medical gas accidents are accounted to be the leading drivers of the North America medical gas analyzer market.
Request to View Sample of Report -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15335
Stringent Regulations in Place to Remain Key Driver
Some of the key growth drivers of the global medical gas analyzer market include easy adoption of new variants of medical equipment, rapid pace of technological advancement, and the increasing number of hospitals and healthcare centers worldwide. The inclusion of gas sensing technologies such as paramagnetic, infrared, and zirconia that enable safer and speedier measurement of medical gases is also acting in favor of the medical gas analyzer market. Further, data communication and interactive features such as touch screen, alarm system, barcode reader, and data recording and storage that make the handling of medical devices easier is benefitting sales of medical gas analyzer.
The continuous emergence of stringent safety compliances and statutes for healthcare providers to adhere to them is also anticipated to display an increased demand for gas analyzers in the forthcoming years. Increasing number of hospitals, diagnostic centers, and healthcare centers, especially in emerging economies is expected to present growth opportunities to the medical gas analyzer market.
High Cost Challenges Growth but Rental Business Opens Opportunities
On the flip side, high cost of new technologies that make them uneconomical for many end-users is acting as a significant restraint for the market’s growth. Nevertheless, several end-users are procuring them on rental basis, especially in regional markets where cost is a concern.
Purchase this Report @
https://www.transparencymarketresearch.com/checkout.php?rep_id=15335<ype=S
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Medical Gas Analyzer Market Growth, Trends and Forecast up to 2024 here
News-ID: 877378 • Views: …
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the…
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key players…
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expected…
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bn…
More Releases for Medical
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of…
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.…
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The…
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924
Global Medical Casting & Splinting market 2019 research provides a basic overview of…
Global Embolization Particle Industry 2018 - Sirtex Medical, Merit Medical, Cook …
The Global Embolization Particle Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Embolization Particle industry.
Firstly, Embolization Particle Market report provides a basic overview of the Embolization Particle industry including definitions, classifications, applications and Embolization Particle industry chain structure. Global Embolization Particle Market analysis is provided for the international market including development history, Embolization Particle industry competitive landscape analysis, and major regions…
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator
A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis.
Get Free…