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RANDOX LABORATORIES

Global Medical Gas Analyzers Market to Reach USD 325 Million by 2025

By Labmedica International staff writers
Posted on 01 Oct 2018
The global medical gas analyzers market was valued at USD 235 million in 2017 and is expected to grow at a CAGR of 4.1% from 2018 to 2025 to reach USD 325 million by 2025, driven by an upsurge in the adoption of medical gas analyzers, stringent regulations for medical gas systems, and increase in demand for advanced medical gas analyzing systems. An increase in the number of medical gas therapies due to a surge in the number of patients treated in intensive care units (ICUs), neonatal intensive care units (NICUs), and emergency departments, as well as a surge in number of hospitals & surgery centers will further support the market growth.

These are the latest findings of Research and Markets, (Dublin, Ireland), a global market research company.

Image: The global medical gas analyzers market is being driven by upsurge in the adoption of medical gas analyzers, stringent regulations for medical gas systems, and increase in demand for advanced medical gas analyzing systems (Photo courtesy of Getty Images).
Image: The global medical gas analyzers market is being driven by upsurge in the adoption of medical gas analyzers, stringent regulations for medical gas systems, and increase in demand for advanced medical gas analyzing systems (Photo courtesy of Getty Images).

Based on product, the multiple gas analyzers segment is expected to grow at a CAGR of 4.5% during the forecast period. On the basis of modality type, the portable analyzers segment held more than half the share of the medical gas analyzers market in 2017 and is expected to continue dominating the market throughout the forecast period. Based on end user, the ambulatory surgery centers segment is expected to register the fastest CAGR of 5.6% during the forecast period. Geographically, the medical gas analyzers market in Asia-Pacific is expected to register the highest CAGR of 5.4% during the forecast period.

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