Subtitle: The Medical Gas Analyzers Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Medical Gas Analyzers Market: Drivers and Challenges
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
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.
Medical Gas Analyzers Market: Regional Overview
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.
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Medical Gas Analyzers Market: Key Players
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.
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