The report on the global Medical gas analyzer market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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According to the report, “Medical Gas Analyzer Market, by Analyzer Type (Single Gas Analyzer, Electrochemical, Optical, Infrared, Multiple Gas Analyzer), End-user (Hospitals, Ambulatory Surgery Centers, Pharma and Food) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022”, the market for medical gas analyzer is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.
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The device used for measurement, detection and quantitative as well as qualitative analysis of medical gases or its mixture is referred as medical gas analyzer. There are five types of medical gases that are commonly used in hospitals and healthcare industry such as carbon dioxide, nitrous oxide, oxygen, nitrogen, and medical air.
Single and multiple medical gas analyzers are mainly used for medical gases analysis.
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Monitoring and analysis of medical gases in healthcare industry or hospitals plays an important and integral part in patient monitoring, diagnosis and therapeutics.
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KEY PREMIUM INDUSTRY INSIGHTS
- Growing no. of healthcare reforms and hospitals in developing countries for safety standards around the world projected to compel the market growth for medical gas analyzer. Several new technologies such as paramagnetic, electrochemical, and infrared sensor enable quicker and safer medical gases measurement.
- For developing products, companies are now doing more expenditure on Research and Development activities for measuring gases’ trace levels in the industry of healthcare. In one single device, companies are using various technologies for measuring multiple gases through which they can target specific areas where there is a need of accuracy.
- This implementation hinders the market growth of medical gas analyzer. Also lack of consistency in order to meet precise and specific requirement of healthcare facilities in under developed as well as developing markets are major restraints of medical gas analyzer market globally.
Regionally, the global market for medical gas analyzers is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Among these, North America region is dominating the global market for medical gas analyzer and is anticipated to remain dominant during the forecast period.
Huge expenditure on infrastructure of healthcare, standard implementation of safety policies in various facilities of healthcare & pharma industry are certain factors that are estimated to boost the market demand for medical gas analyzers in this region. Also, the Asia Pacific region is projected to witness promising growth during the forecast period due to growing no.
of ambulatory surgery centers & hospitals as well as huge investments by overseas companies in the healthcare industry.
KEY MARKET PLAYERS
Key players in the medical gas analyzer market include:
- Fluke Inc.
- Teledyne Technologies Incorporated
- TSI Incorporated
- Maxtec LLC
- Servomex Group Limited.
- GEOTECHNICAL INSTRUMENTS (UK) LTD.
- WITT-GASETECHNIK GmbH & Co KG
- Drägerwerk AG & Co. KGaA
- Sable Systems International
- Systech Instruments Ltd.
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