Market Size of Medical Gas Analyzer Industry
| 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.
