Medical Gas Analyzers Market Scope
Medical gas analyzers are specifically designed for highly accurate measurement and verification of the quality of piped medical gases in hospitals. It can measure gases such as N2O, O2, CO2, CO and quickly verify gas quality. Its applications involve hospital pipe gases and checking the purity of O2 and N2O and verifying medical air contaminants (CO2). The factors such as the Increased Number of Medical Gas Therapies, Rise in the Number of Hospitals and Increasing Incidences of Life-Threatening Diseases are driving the global medical gas analyzers market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Fluke Corporation (United States), Teledyne Technologies (United States), Linde plc (Ireland), TSI Incorporated (United States), Maxtec LLC (United States), Servomex Group Limited (United Kingdom), WITT-Gasetechnik GmbH & Co KG (Germany), Dragerwerk AG (Germany), Sable Systems International (United States), Systech Illinois Ltd. (United Kingdom) and MEECO Inc. (United States) |
CAGR | 3.6% |
There are various companies that are operating in the new geographical regions by adopting various market growth initiatives such as mergers & acquisitions, expansions, investments, and others. There are various new market players are entering the market to capture market growth opportunities. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Medical Gas Analyzers market throughout the predicted period.
Fluke Corporation (United States), Teledyne Technologies (United States), Linde plc (Ireland), TSI Incorporated (United States), Maxtec LLC (United States), Servomex Group Limited (United Kingdom), WITT-Gasetechnik GmbH & Co KG (Germany), Dragerwerk AG (Germany), Sable Systems International (United States), Systech Illinois Ltd. (United Kingdom) and MEECO Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Visiomed Group Sv (France) and Critical Environment Technologies (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medical Gas Analyzers market by Type , by Application (Hospitals, Clinics, Ambulatory Surgery Centers, Academic Research Institutes and Other) and Region with country level break-up.
On the basis of geography, the market of Medical Gas Analyzers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2021, Sensirion Holding AG completed the acquisition of Qmicro B.V., an innovative OEM supplier of miniaturized gas-analysis technologies. With this acquisition, Sensirion expands its gas sensing portfolio from components and modules to stand-alone micro gas analyzers for industrial applications.
In March 2023, HORIBA developed a new MICROPOLE System QL Series Quadrupole Mass Analyzer model ideal for monitoring gas components in vacuum chambers used in semiconductor manufacturing processes. This system improves the yield rate and contributes to the production efficiency of semiconductors.
Influencing Trend:
Technological Advancements in the Medical Gas Analyzers
Market Growth Drivers:
Increased Number of Medical Gas Therapies, Rise in the Number of Hospitals and Increasing Incidences of Life-Threatening Diseases
Challenges:
Stringent Government Rules and Regulations
Restraints:
Changing Guidelines Regarding Calibration Standards for Analyzers
Opportunities:
Growth in the Healthcare Industry and Robust Increase in the Research and Development Activities
Key Target Audience
Medical Gas Analyzers Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users