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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 Market Trends

This section covers the major market trends shaping the Medical Gas Analyzer Market according to our research experts:

Hospitals Segment is Expected to Grow with High CAGR During the Forecast Period

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.