Medical Gas Analyzer Market Forecasts to 2028 – Global Analysis By Product (Single Gas Analyzer, Multiple Gas Analyzer), Modality (Portable Analyzer, Handheld Analyzer, Benchtop Analyzer) and By Geography
According to Stratistics MRC, the Global Medical Gas Analyzer Market is accounted for $265.35 million in 2020 and is expected to reach $426.13 million by 2028 growing at a CAGR of 6.1% during the forecast period. Factors such as rise in number of medical gas therapy, increasing prevalence of chronic diseases, and growing number of surgeries and emergencies are driving the growth of the market. However, changing guidelines regarding calibration standards of analyzers is hampering the growth of the market.
Medical gas analyzers are used in hospital settings to keep track of a variety of gases that are used in different medical applications. These gases include oxygen, carbon dioxide, nitrogen dioxide and medical air.
Based on the end user, the hospitals segment is anticipated to expand at a rapid pace during the forecast period due to the increasing number of medical procedures. By geography, North America is going to have high growth during the forecast period which can be attributed to the implementation of standard safety policies in general healthcare services and rising investments in healthcare infrastructure.
Some of the key players profiled in the Medical Gas Analyzer Market include The Linde Group, Air Products and Chemicals, Inc, Taiyo Nippon Sanso Corp., Air Liquide, Messer Group Gmbh, Matheson Tri-Gas, Systech Illinois Ltd, Novair Medical, GCE Holding AB, QED Environmental Systems, Praxair, Inc., Servomex, WITT-Gasetechnik GmbH & Co KG, Graco Inc., and Meeco.
Estimated Market Size in 2020:
USD 265.35 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 426.13 million
Tables, Graphs & Figures
Product, Equipment, Modality, Technology, Application, End User, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Single Gas Analyzer
• Multiple Gas Analyzer
• Vacuum Systems
• Flow Meters
• Monitoring Systems
• Portable Analyzer
• Handheld Analyzer
• Benchtop Analyzer
• Cardiovascular Diseases
• Respiratory Diseases
• Medical Imaging
• Laboratory Use
End Users Covered:
• Pharmaceutical Industry
• Ambulatory Surgery Center
• Research Institutes and Laboratories
• Diagnostic Centers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Medical Gas Analyzer Market is majorly driven by rise in number of medical gas therapy, increasing prevalence of chronic diseases, and growing number of surgeries and emergencies.
The cardiovascular diseases segment is growing at a highest CAGR owing to the growing number of geriatric population.
North America dominated with a significant market share due to rising investments in healthcare infrastructure.
Asia Pacific market is growing at a highest CAGR owing to the rising numbers of hospitals and ambulatory surgery centers in the region
Key players in Medical Gas Analyzer Market include The Linde Group, Air Products and Chemicals, Inc, Taiyo Nippon Sanso Corp., Air Liquide, Messer Group Gmbh, Matheson Tri-Gas, Systech Illinois Ltd, Novair Medical, GCE Holding AB, QED Environmental Systems, Praxair, Inc., Servomex, WITT-Gasetechnik GmbH & Co KG, Graco Inc., and Meeco.
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