The latest report on Medical Gas Analyzer Market (by type (multiple, and single gas analyzer), equipment (monitoring, vacuum systems, regulators, and concentrators), application (laboratory use, respiratory diseases, cryotherapy, and anesthesia), end users (academic research institutes, ambulatory surgery centers, hospitals, and diagnostic centers), technology (electrochemical, infrared, and optical)) provides complete and deep insights into the market dynamics and growth of medical gas analyzer industry. The latest information on market risks, industry chain structure medical gas analyzer cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential medical gas analyzer growth factors. According to the report, the global medical gas analyzer market is projected to grow at a CAGR of 4.31% over the forecast period of 2018-2024.
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Medical gas analyzers are devices used for determining, measuring qualitative and quantitative configuration of pure medical gases or to blend medical gases. The most widely used gases in hospitals and health care industries are oxygen, nitrogen, carbon dioxide, and nitrous oxide. This analyzer includes instruments and equipment such as vacuum systems, monitoring systems such as alarms and monitors, regulators, fluidics such as valves and pumps, sealing solutions. These instruments examine the concentration of medical gases such as oxygen-nitrous oxide along with their purities and impurities and other organic and inorganic impurities, in the medical gases. There are two types of medical gas analyzers used to analyses medical gases; they are multiple gas analyzers and Single gas analyzers.
Presences of Ambulatory Surgical Centers that are Essentially Prepared with Medical Gas Analyzers are Fueling the Market Growth
Factors such as the increasing prevalence of chronic diseases such as asthma, diabetes, cancer, and respiratory diseases, and a growing number of patients treated in ICUs are driving the growth of the medical gas analyzers market. Furthermore, the growing number of hospitals and healthcare reforms and new technological development such as infrared sensor technology, paramagnetic, and electrochemical are also some of the boosting factors for this market. Besides, companies are spending more on R&D activities in order to measure trace levels of gases in the health care industry.
Additionally, the presence of ambulatory surgical centers that are essentially prepared with medical gas analyzers are fueling the market growth. However, the rising incidence of respiratory diseases due to the growing geriatric population is creating an opportunity for the upcoming year. On the other side, lack of standardization to meet accurate and specific needs in the healthcare sector is limiting the growth of the medical gas analyzers market.
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North America is Expected to Lead the Global Medical Gas Analyzers Market
In terms of geographies, North America is expected to lead the global medical gas analyzers. Factors such as the adoption of new technology and advanced healthcare infrastructure are driving the growth of this market in the North America region. Further, Asia Pacific region is expected to grow at the fastest growth rate during the forecast period due to growing air pollution specifically in countries such as India, China, and Japan.
Segments in the Medical Gas Analyzer Industry
The report on the global medical gas analyzer market covers segments such as type, equipment, application, end-user, and technology. On the basis of type, the sub-markets include multiple gas analyzer and single gas analyzer. On the basis of equipment, the sub-markets include monitoring systems, vacuum systems, flow meters, regulators, and concentrators. On the basis of application, the sub-markets include laboratory use, respiratory diseases, cryotherapy, cardiovascular diseases, and anesthesia. On the basis of the end-user, the sub-markets include academic research institutes, ambulatory surgery centers, hospitals, and diagnostic centers. On the basis of technology, the sub-markets include electrochemical, infrared, and optical.
Major Key Players of the Medical Gas Analyzer Industry
The report provides profiles of the companies in the medical gas analyzer market such as Fluke Inc, TSI Incorporated, Servomex Group Limited, WITT-GASETECHNIK GmbH & Co KG, Sable Systems International, Critical Environment Technologies Canada Inc., Teledyne Technologies Incorporated, Maxtec LLC, GEOTECHNICAL INSTRUMENTS (UK) LTD., and Drägerwerk AG & Co. KGaA.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the medical gas analyzer.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.