(EMAILWIRE.COM, December 23, 2019 ) Market Overview
The global medical gas analyzers market is expected to reach USD 315.84 million by 2026, at a CAGR of 3.9% during the forecast period 2019-2026.

Medical gas analyzers are used for the analysis, detection, and measurement of pure or mixture of medical gases in hospitals and healthcare industries. Medical gases consist of medical air, oxygen, carbon dioxide, nitrogen, and nitrous oxide. Medical gases enable easy penetration through natural physiological barriers. After administration in the system, the concentration of these gases is measured and analyzed so that patients’ condition can be stabilized after surgery. According to OECD, in 2016, around 491,604 surgical procedures were carried out in the UK. Rise in surgical procedures globally; medical gas analyzers are prominently used in surgeries.

Medical gas analyzers are classified as manual or automatic, and they function on different technologies such as optical, infrared, and electrochemical. Medical gas analyzers include instruments like vacuum systems, regulators, flow meters, monitoring systems, and concentrators. These instruments analyze the concentration of medical gases and their mixtures and detect the presence of any impurities such as water vapors and other organic and inorganic impurities in the medical gases.

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Market Dynamics
The major market drivers are growing number of hospitals and healthcare centers, 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. According to the Centers for Disease Control and Prevention, in 2018, one out of two adults in the U.S. was suffering from a chronic disease.

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.

Poor awareness about medical gas analyzers, changing guidelines regarding standards of analyzers, and the high cost of new technologies are some major factors restricting the market.

Market Segmentation
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 National Center for Health Statistics, in the year 2018, 48 million surgical procedures were performed in the U.S. in 2009, and cardiovascular disease surgeries accounted for 7.3 million thus increasing medical gas analyzers market.

Portable Analyzer holds a dominant position in 2018 and would continue to maintain the lead in 2026. The portable gas analyzers provide online measurements from one gas stream. This system is pre-configured to save time on installation, and it can easily be moved from one location to another depending on operational requirements. The portable analyzer offers ease of handling, portability, cost-affectivity, and test convenience. Some of the major companies manufacturing portable gas analyzers are ThermoFisher, AMETEK, Horiba, and Nova Gas.

Geographical Share
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.

Market Trends
In February 2019, Dragerwerk AG & Co. KGaA launched HI-Flow Star, a non-invasive breathing support.

In January 2019, QED Environmental Systems announced a partnership with Germany based, Siegrist GmbH.

In September 2018, Matheson Tri-Gas acquired Weld Specialty Gas & Equipment, Inc., and made the strategic expansion of its medical gas analyzers portfolio.

In November 2017, Servomex launched a multi-gas analyzer offering up to four simultaneous digital gas stream measurements and configurable to a wide range of industrial gas.

Key Companies
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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