Medical Gas Analyzers Market: Rise in Geriatric Population Increase the Market Demand

The market report titled ‘Global Medical Gas Analyzers Market - Size, Share and Forecast (2019 - 2026)’ produced by DataM Intelligence analyses the industry dynamics in this competitive space to provide a comprehensive analysis of the market opportunities.

Global Medical Gas Analyzers Market Drivers

The major market drivers are growing number of hospitals and healthcare centres, rise in a number of medical gas based therapies across the globe, growth in geriatric population worldwide and surge in prevalence of chronic diseases such as cancer, strokes, and respiratory diseases.

According to the American Public Health Association, about 70% of the deaths in the U.S. in the year 2017, was due to chronic diseases. Medical gases are used in the treatment of chronic diseases such as cardiovascular, neurobiology, and respiratory inflammation.

Old age heightens respiratory disorders, World Health Organizations (WHO) statistics suggest that 55% - 60% of old people admitted in hospitals in 2018 were administered with medical gases. Hence, with the rise in geriatric population across the world, the demand for medical gases increases.

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Global Medical Gas Analyzers Market Size

The global medical gas analyzers market is segmented on the basis of product type as single gas analyzer and multiple gas analyzer, by equipment as monitoring systems, vacuum systems, flow meters, regulators and concentrators, by modality type as handheld analyzer, portable analyzer, and benchtop analyzer, by technology as electrochemical analyzer, infrared analyzer and optical analyzer, by application, and by geography.

According to the American Heart Association, in 2018, cardiovascular disease was the leading global cause of deaths, with around 19.2 million deaths across the globe. Cardiovascular surgeries require medical gases, according to the National Center for Health Statistics, in the year 2018, 48 million surgical procedures were performed in the U.S. Portable Analyzer holds a dominant position in 2018 and would continue to maintain the lead in 2026.

Global Medical Gas Analyzers Market Regional Analysis

Based on geography, the global medical gas analyzers market is segmented into five regions, North America, Europe, South America, Asia Pacific, and the Middle East and Africa.

North America is expected to lead the global medical gas analyzers market due to advanced healthcare infrastructure, high investment by major market players, implementation of standard safety policies in general healthcare services and higher adoption of technologies as competitors are constantly striving to improve the technology. According to the National Center for Health Statistics, 54 million surgical procedures were performed in the U.S. in 2018, and cardiovascular disease surgeries accounted for 11.7 million. Cardiovascular surgeries require medical gas analyzers to ensure proper breathing environment for the patient.

Global Medical Gas Analyzers Market Company Trends

The key players in the market are Air Products and Chemicals, Inc., Air Liquide, Dragerwerk AG & Co. KGaA, MEECO Inc., Matheson Tri-Gas, Novair Medical, Roscid Technologies, The Linde Group, Praxair, Inc. and Fluke Corporation.

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Table of contents overview - 1. Global Medical Gas Analyzers Market Methodology and Scope2. Global Medical Gas Analyzers Market – Market Definition and Overview3. Global Medical Gas Analyzers Market – Executive Summary4. Global Medical Gas Analyzers Market – Market Dynamics5. Global Medical Gas Analyzers Market – Industry Analysis 6. Global Medical Gas Analyzers Market – By Product Type7. Global Medical Gas Analyzers Market – By Equipment8. Global Medical Gas Analyzers Market – By Modality Type9. Global Medical Gas Analyzers Market – By Technology10. Global Medical Gas Analyzers Market – By Region11. Medical Gas Analyzers Market – Competitive Landscape12. Medical Gas Analyzers Market – Company Profiles13.Global Medical Gas Analyzers Market – Premium Insights14. Global Medical Gas Analyzers Market – DataM

The author of this article is a content marketer for DataM Intelligence.