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Medical Gas Analyzers Market Expected to Reach $325 Million by 2025

Medical Gas Analyzers Market, by Product, Modality Type, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025," the market was valued at $235 million in 2017, and is expected to reach $325 million by 2025, growing at a CAGR of 4.1% from 2018 to 2025.<br>Read more : http://bit.ly/2AbpofJ

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Medical Gas Analyzers Market Expected to Reach $325 Million by 2025

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  1. Medical Gas Analyzers Market Global Opportunity Analysis and Industry Forecast, 2018-2025

  2. The global medical gas analyzers market generated $235 million in 2017, and is projected to reach $325 million by 2025, growing at a CAGR of 4.1% from 2018 to 2025. Medical gas analyzers are used for the detection, measurement, and analysis of medical gases in hospitals and healthcare industries. Rise in number of medical gas therapy across geographies with increase in number of surgeries and emergencies & ICU patients drive the growth the market. Furthermore, surge in prevalence of chronic diseases and technological advancements in medical gas analyzers are expected to boost the market growth during the forecast period. However, poor awareness about medical gas analyzers in some underdeveloped countries impedes the medical gas analyzers market growth.

  3. According to modality, the market is categorized into handheld, portable, and benchtop. Presently, portable analyzers segment generates the highest revenue, and is anticipated to show dominance during the forecast period, due to ease of handling, cost-effectivity, and test convenience. However, the handheld segment is anticipated to exhibit the highest growth rate, owing to the technological advancements and surge in adoption of handheld analyzers. • By end user, the market is classified into hospitals, ambulatory surgery centers, pharmaceutical industry, and others. The hospitals segment occupied the largest share in 2017, and is anticipated to continue its dominance during the forecast period, due to rise in need for medical gas piping and surge in usage of medical gas therapies among the hospitals. However, the ambulatory surgery centers segment is anticipated to show fastest growth, owing to increase in number of surgery centers and rise in awareness of these centers among the developing countries.

  4. Key Findings of the Medical Gas Analyzers Market: • Based on product, the multiple gas analyzers segment is expected grow at a CAGR of 4.5% from 2018 to 2025. • Depending on modality type, the portable analyzers held more than half of global market share in 2017, and is expected to remain dominant throughout the forecast period. • By end user, the ambulatory surgery centers exhibited fastest growth, registering a CAGR of 5.6%. • Region wise, Asia-Pacific is expected to experience growth at the highest CAGR of 5.4% during the forecast period.

  5. Key players in the market: • Dragerwerk AG & Co. KGaA • Graco Inc. (Geotechnical Instruments (UK) LTD.) • Maxtec LLC • MEECO Inc. • Novair Medical • Roscid Technologies • Sable Systems International • Systech Illinois • Tenex Capital Management (Ohio Medical) • WITT-Gasetechnik GmbH & Co KG.

  6. Medical Gas Analyzers Market by Product (Single Gas Analyzer and Multiple Gas Analyzer), Modality Type (Handheld Analyzer, Portable Analyzer, and Benchtop Analyzer), and End User (Hospitals, Ambulatory Surgery Centers, Pharmaceutical Industry, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2025

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