Medical Gas Analyzer Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 239.40 Million |
| Market Size (2029) | USD 285.71 Million |
| CAGR (2024 - 2029) | 3.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Medical Gas Analyzer Market Analysis
The Medical Gas Analyzer Market size is estimated at USD 239.40 million in 2024, and is expected to reach USD 285.71 million by 2029, growing at a CAGR of 3.60% during the forecast period (2024-2029).
The major factors attributing to the growth of the medical gas analyzer market include a rising number of surgical procedures across the globe, advancement in medical gas analyzers, and increasing geriatric population as it increases the health issues.
As the global geriatric and obese population is increasing it is more likely to lead to health consequences, like greater incidences of diseases. Consequently, the geriatric population and population with obesity are at a higher risk of getting multiple disorders and diseases. And each year the aged population is increasing across the globe. For instance, according to the United Nations report in 2017, there were an estimated 962 million people who are of aged 60 or above in the world, comprising 13% of the global population.
The geriatric population who are all aged 60 or above is growing at a rate of about 3% per year. Thus, the rise in the geriatric population is acting as a major driver for the growth of the medical gas analyzers market.
Medical Gas Analyzer Market Trends
This section covers the major market trends shaping the Medical Gas Analyzer Market according to our research experts:
Hospitals Segment is Expected to Grow with High CAGR During the Forecast Period
The medical gas analyzer is more frequently required and used in the hospitals as the ICU, and Operative rooms require the medical gas analyzers. The number of patients hospitalized is increasing every year with the increase in the population.
Developing countries are witnessing rapid growth in the number of hospitals which is the prime factor responsible for the growth of this segment in these countries. As a result, the hospital's segment in the end-user will be having the dominant share in the global medical gas analyzer market.
Another major end-user segment of the medical gas analyzer is the pharma and food industries which are also expected to grow with a promising CAGR over the forecast period. This is majorly attributed to the increased adherence to the practice of modified atmospheric packaging in the pharma industry. The increased number of pharmaceutical and food industries in the emerging Asian countries such as India and China is propelling the demand for medical gas analyzers.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the overall gas analyzer market, throughout the forecast period. This is due to the increasing adoption of new technology and the availability of advanced healthcare infrastructure. In the North America region, the United States holds the largest market share due to factors such as increasing count of geriatrics, along with the growing healthcare industry, which is anticipated to stimulate the demand in this region.]
Furthermore, the Asia-Pacific region is expected to grow with the high growth rate during the forecast period and this is due to factors such as an increasing number of diseases, rising patient hospitalization and the growing air pollution specifically in countries such as India, China, and Japan.
Medical Gas Analyzer Industry Overview
The medical gas analyzers market is moderately competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Ans some prominent players are vigorously making acquisitions with the other companies to consolidate their market positions across the globe.
Medical Gas Analyzer Market Leaders
Fluke Biomedical
Draegerwerk AG & Co. KGaA
Teledyne Technologies Incorporated
Maxtec LLC
Servomex Group Ltd
*Disclaimer: Major Players sorted in no particular order
Medical Gas Analyzer Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rising Number of Surgical Procedures Across the Globe
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4.2.2 Advancement in Medical Gas Analyzers
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4.2.3 Increasing Geriatric Population as it Increases the Health Issues
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4.3 Market Restraints
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4.3.1 Patrial Demand in under Developed Countries
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type of Analyzer
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5.1.1 Single Gas Analyzer
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5.1.2 Multiple Gas Analyzer
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5.2 By Technology
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5.2.1 Electrochemical
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5.2.2 Optical
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5.2.3 Infrared
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5.3 By Modality
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5.3.1 Handheld Analyzer
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5.3.2 Portable Analyzer
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5.3.3 Benchtop Analyzer
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5.4 By End-User
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5.4.1 Hospitals
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5.4.2 Ambulatory Surgery Centers
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5.4.3 Others
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5.5 Geography
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5.5.1 North America
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5.5.1.1 United States
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5.5.1.2 Canada
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5.5.1.3 Mexico
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5.5.2 Europe
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5.5.2.1 Germany
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5.5.2.2 United Kingdom
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5.5.2.3 France
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5.5.2.4 Italy
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5.5.2.5 Spain
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5.5.2.6 Rest of Europe
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5.5.3 Asia-Pacific
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5.5.3.1 China
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5.5.3.2 Japan
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5.5.3.3 India
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5.5.3.4 Australia
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5.5.3.5 South Korea
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5.5.3.6 Rest of Asia-Pacific
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5.5.4 Middle-East and Africa
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5.5.4.1 GCC
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5.5.4.2 South Africa
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5.5.4.3 Rest of Middle-East and Africa
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5.5.5 South America
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5.5.5.1 Brazil
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5.5.5.2 Argentina
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5.5.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Fluke Biomedical
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6.1.2 Draegerwerk AG & Co. KGaA
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6.1.3 Teledyne Technologies Incorporated
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6.1.4 Maxtec LLC
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6.1.5 Servomex Group Ltd
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6.1.6 QED ENVIRONMENTAL SYSTEMS LTD
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6.1.7 WITT-Gasetechnik GmbH & Co KG
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6.1.8 Systech Instruments Ltd and Illinois Instruments, Inc.
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6.1.9 Bruker
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6.1.10 Kimo
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Medical Gas Analyzer Industry Segmentation
As per the scope of the report, medical gas analyzers are the medical devices that are used for the qualitative measuring and the quantitative configuration of pure medical gases or to blend medical gases. The most commonly used gases in hospitals and health care centers are such as oxygen, nitrogen, carbon dioxide, and nitrous oxide.
This gas analyzer will include the instruments and equipment such as vacuum systems, monitoring systems such as alarms and monitors, regulators, fluidics such as valves and pumps, sealing solutions and instruments will help in the examining of medical gases concentration such as oxygen-nitrous oxide along with their purities and impurities and other organic and inorganic impurities, in the medical gases.
| By Type of Analyzer | |
| Single Gas Analyzer | |
| Multiple Gas Analyzer |
| By Technology | |
| Electrochemical | |
| Optical | |
| Infrared |
| By Modality | |
| Handheld Analyzer | |
| Portable Analyzer | |
| Benchtop Analyzer |
| By End-User | |
| Hospitals | |
| Ambulatory Surgery Centers | |
| Others |
| Geography | ||||||||
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Medical Gas Analyzer Market Research FAQs
How big is the Medical Gas Analyzer Market?
The Medical Gas Analyzer Market size is expected to reach USD 239.40 million in 2024 and grow at a CAGR of 3.60% to reach USD 285.71 million by 2029.
What is the current Medical Gas Analyzer Market size?
In 2024, the Medical Gas Analyzer Market size is expected to reach USD 239.40 million.
Who are the key players in Medical Gas Analyzer Market?
Fluke Biomedical, Draegerwerk AG & Co. KGaA, Teledyne Technologies Incorporated, Maxtec LLC and Servomex Group Ltd are the major companies operating in the Medical Gas Analyzer Market.
Which is the fastest growing region in Medical Gas Analyzer Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical Gas Analyzer Market?
In 2024, the North America accounts for the largest market share in Medical Gas Analyzer Market.
What years does this Medical Gas Analyzer Market cover, and what was the market size in 2023?
In 2023, the Medical Gas Analyzer Market size was estimated at USD 231.08 million. The report covers the Medical Gas Analyzer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Gas Analyzer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Medical Gas Analyzer Industry Report
Statistics for the 2024 Medical Gas Analyzer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Medical Gas Analyzer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
