Medical Gas Analyzers Market: Based on Type (Optical Gas Analyzer, Infrared Gas Analyzer, Electrochemical Gas Analyzer, Single Gas Analyzer, Multiple Gas Analyzer), Based on End User (Hospitals, Pharmaceutical and Food Industries, Ambulatory Surgical Centers, Others) and Geography  

Medical Gas Analyzers Market was valued at USD 423.8 million in 2022 and is anticipated to grow at a CAGR of 5.3 % over 2023-2029. The medical gas analyzers market is an integral part of the healthcare industry, providing essential equipment for the measurement and monitoring of various gases used in medical settings. These analyzers play a crucial role in ensuring the safety, accuracy, and quality of medical gases, which are vital for patient care and treatment. Medical gas analyzers are specialized devices designed to measure and analyze the concentration, purity, and flow rate of gases such as oxygen, carbon dioxide, nitrous oxide, and anesthetic gases. They are used in a variety of healthcare settings, including hospitals, clinics, diagnostic centers, and research laboratories. The medical gas analyzers market is primarily driven by the increasing prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, occupational lung diseases and pulmonary hypertension, and obstructive sleep apnea.

According to World Health Organization, Chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide, caused 3.23 million deaths in 2019. This contributes to the rising demand for medical gases and the need for accurate analysis and monitoring. Additionally, rising aging population susceptible to chronic diseases requires specialized medical care, including the administration of medical gases, which ultimately accelerates the growth of the medical gas analyzer market. The continuous advancements in technology have led to the development of more sophisticated and user-friendly medical gas analyzers, which creates opportunities for further expansion of the medical gas analyzers market. However, high cost associated with the advanced analyzers can be a significant barrier to the medical gas analyzers market. Manufacturers and researchers are exploring new avenues and developing advanced medical gas analyzers to meet the evolving needs of healthcare professionals. For instance, in January 2021, ENVEA launched its new portable multi-gas analyzer.

Medical Gas Analyzers Market Key Developments:   

• In February 2021, Sensirion acquired micro gas-analyzer specialist Qmicro to strengthen its portfolio