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.
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 Size Summary
The medical gas analyzer market is poised for steady growth over the forecast period, driven by several key factors. The increasing number of surgical procedures worldwide, advancements in medical gas analyzer technology, and a rising geriatric population are significant contributors to this expansion. As the global population ages, particularly those over sixty, there is a corresponding rise in health issues, necessitating the use of medical gas analyzers in healthcare settings such as ICUs and operating rooms. This trend is further amplified by the growing incidence of obesity-related health complications, which increases the demand for these analyzers. Developing countries are experiencing a surge in hospital establishments, further boosting the market, with hospitals expected to maintain a dominant share among end-users.
In addition to healthcare, the pharmaceutical and food industries are emerging as significant end-users of medical gas analyzers, driven by the adoption of modified atmospheric packaging practices. The Asia-Pacific region, particularly countries like India and China, is witnessing rapid growth due to rising disease prevalence, increased patient hospitalization, and growing air pollution. North America, led by the United States, is anticipated to dominate the market, supported by advanced healthcare infrastructure and technological adoption. The market is moderately competitive, with major players like Fluke Biomedical and Draegerwerk AG & Co. KGaA leading the charge, often engaging in strategic acquisitions to strengthen their global market positions.
Medical Gas Analyzer Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Number of Surgical Procedures Across the Globe
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1.2.2 Advancement in Medical Gas Analyzers
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1.2.3 Increasing Geriatric Population as it Increases the Health Issues
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1.3 Market Restraints
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1.3.1 Patrial Demand in under Developed Countries
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type of Analyzer
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2.1.1 Single Gas Analyzer
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2.1.2 Multiple Gas Analyzer
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2.2 By Technology
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2.2.1 Electrochemical
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2.2.2 Optical
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2.2.3 Infrared
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2.3 By Modality
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2.3.1 Handheld Analyzer
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2.3.2 Portable Analyzer
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2.3.3 Benchtop Analyzer
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2.4 By End-User
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2.4.1 Hospitals
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2.4.2 Ambulatory Surgery Centers
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2.4.3 Others
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Mexico
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2.5.2 Europe
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2.5.2.1 Germany
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2.5.2.2 United Kingdom
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2.5.2.3 France
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2.5.2.4 Italy
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2.5.2.5 Spain
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2.5.2.6 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 Japan
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2.5.3.3 India
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2.5.3.4 Australia
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2.5.3.5 South Korea
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2.5.3.6 Rest of Asia-Pacific
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2.5.4 Middle-East and Africa
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2.5.4.1 GCC
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2.5.4.2 South Africa
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2.5.4.3 Rest of Middle-East and Africa
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2.5.5 South America
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2.5.5.1 Brazil
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2.5.5.2 Argentina
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2.5.5.3 Rest of South America
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Medical Gas Analyzer Market Size 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.
