Medical gas analyzers are instruments used for determining and measuring qualitative and quantitative composition of pure medical gases, or mixtures of medical gases. Medical gases used in hospitals and other healthcare settings mainly comprise of medical air, oxygen, carbon di-oxide, nitrogen and nitrous oxide. Medical gas analyzers include equipment and instruments such as vacuum systems, regulators, flow meters, monitoring systems (such as alarms and monitors), fluidics (valves, pumps, tubing), sealing solutions, and concentrators. These instruments analyze the concentration of medical gases and their mixtures, such as oxygen-nitrous oxide, etc., along with their purities, and presence of any impurities such as water vapors, and other organic and inorganic impurities, in the medical gases. Medical gas analysis is becoming an important and integral part of patient monitoring, safety, and diagnosis along with patient treatment. The application of medical gas analysis is gaining momentum and is being implemented in various healthcare facilities worldwide.
Technological advancements in the medical gas analyzers market, with new and advanced products coming through the pipeline of major players, along with growing awareness of patient safety and monitoring among the healthcare service providers around the world, especially in the emerging economies, are some of the key drivers that are fuelling the growth of medical gas analyzers market. However, changing guidelines regarding calibration standards of analyzers, increasing burden of reimbursements on governments resulting in various organizations declining reimbursements for respiratory therapies, are some factors that are restraining the growth of medical gas analyzers in the global market
The global market for medical gas analyzers is segmented on basis of equipment, applications, end user and geography:
Based on equipment, vacuum systems contributed the largest share of the medical gas analyzers market in 2015, followed by monitoring systems .Based on application type, cardiovascular diseases segment dominated the global medical gas analyzers market. According to the American Heart Association, in 2015, cardiovascular disease is the leading global cause of deaths, with around 17.3 Mn deaths per year globally, followed by respiratory diseases. In 2013, according to World Health Organization (WHO), Chronic Obstructive Pulmonary Disorders (COPD) resulted in around 3 Mn deaths worldwide. Growing number of geriatric population, has resulted in an increase in cardiovascular diseases, respiratory disorders, and other age related diseases. Also, increasing air pollution and number of smokers, are some factors responsible for the growth of the global medical gas analyzers market.
On the basis of regional presence, global medical gas analyzers market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead the global medical gas analyzers market for due to advanced healthcare infrastructure, higher adoption of technologies, and availability of reimbursement policies. Asia Pacific market is anticipated to grow at the fastest growth rate during the forecast period, owing to factors such as increasing air pollution especially in countries such as China, Japan, and India. Growing medical tourism industry in these countries, is likely to attract patients from across the world.
Some of the major players in global medical gas analyzers market are Air Products and Chemicals, Inc., The Linde Group, Air Liquide, Matheson Tri-Gas, Airgas, GCE Holding AB, Messer Group Gmbh, Praxair, Inc., Taiyo Nippon Sanso Corp., Novair Medical, among others. New technologically advanced products and systems being launched in the global market, along with expansion in the emerging markets, and greater focus on patient care and monitoring, have been the major strategies adopted by major players in the global medical gas analyzers market.
The report covers exhaustive analysis on:
Regional analysis includes
The medical gas analyzers are highly demanded across different health care institutions such as hospitals to get accurate measurements of different medical gases in terms of quality and quantity. The wide spectrum of these analyzers that include vacuum systems, flow meters, fluidics, concentrators, monitoring systems, and regulators enhance the overall revenue in the market with their widespread application.
Patient Monitoring Systems Escalate Demand
These analyzers are used to determine the purity and quality of different medical gases such as carbon-di-oxide, nitrous oxide, oxygen, and nitrogen in a mix with various types of impurities that may comprise of water vapor, organic impurities, and inorganic impurities. Different systems used in the medical sector including patient monitoring and analytics are escalating the demand for medical gas analyzers. The growth in awareness regarding these analyzers amongst the healthcare providers is augmenting the adoption rate of these products.
The global market faces many challenges in its course of progress. The absence of defined and standard guidelines for calibration of these analyzers is a major setback for the manufacturers of medical gas analyzers. The decline in the reimbursement policies supporting the use of medical gas analyzers is another factor restraining the adoption rate of these products.
The global medical gas analyzer market can be broadly segmented based on application into respiratory diseases, anesthesia, cryotherapy, cardiovascular diseases, medical imaging, and laboratory use. The cardiovascular disease is estimated to create new revenue pockets for the manufacturers as one of the fatal health ailments. Leading end-users in the market generating significant revenue include hospitals, diagnostic centers, ambulatory surgery centers, and academic research institutes.
Advancements in Medical Infrastructure Determine Regional Growth
The regional market across the globe are estimated to be driven by the developments in the healthcare infrastructure. Advanced healthcare infrastructure backed by high technological advancements is projected to impart a high growth rate to the market in North America during the forecast period. Led by the rapid growth in the medical tourism across the scaling economies such as China and India, the medical gas analyzer market in the Asia Pacific is poised to witness a steep hike in the demand for these gas analyzers, which in turn will propel the regional market ahead. The growing level of air pollution is also in a way contributing to the expansion of the size of the landscape. It hikes the number of ailments which in turn scale the adoption of medical gas analyzers in the healthcare sector.
The market players are using advanced technologies to create effective medical gas analyzers. They are competing in the market with new products launches in a bit to stay ahead in the market competition. The market competitors are expanding their market in the growing economies. They are focusing on the products that contribute to enhanced patient care and monitoring services.
Leading players profiled in the global medical gas analyzer market include Matheson Tri-Gas, Messer Group Gmbh,, Messer Group Gmbh, Air Products and Chemicals, Inc., Novair Medical, and The Linde Group.