Asia-Pacific to Dominate Medical gas Analyzers Industry by 2025 - Allied Market Research

Wednesday, August 22, 2018 Research News
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PORTLAND, Oregon, August 22, 2018 /PRNewswire/ --

Increasing awareness of medical gas therapy and soaring number

of surgeries, emergencies & ICU patients have been instrumental in driving the growth of the industry in the Asia-Pacific region. 

Allied Market Research

published a report, titled, Medical Gas Analyzers Market by Product Type (Single Gas Analyzer and Multiple Gas Analyzer), and Modality Type (Handheld Analyzer, Portable Analyzer, and Benchtop Analyzer): Global Opportunity Analysis and Industry Forecast, 2018-2025. According to Allied, the global medical gas analyzers market was pegged at $235.32 million in 2017 and is expected to reach $325.53 million by 2025, registering a CAGR of 4.1% from 2018 to 2025. It presents a comprehensive analysis of the medical gas analyzers market by assessing the prevailing market trends, key challenges & opportunities, top investment pockets, key growth strategies, and competitive landscape.

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Increase in demand for low-cost, high-precision products across developing countries is expected to boost the market growth. In addition, upsurge in the geriatric population has significantly boosted the market development. However, concerns about safety standards, stringent regulatory compliances, and high cost of such equipment could hamper the growth of the market. Furthermore, increasing incidence of diseases that require long-term care, or at times even multiple surgeries is expected to boost the growth of the medical gas equipment market.

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Multiple gas analyzers to demonstrate highest growth by 2025 

The report is classified based on product type into multiple gas analyzers and single gas analyzers. The market share of the former is expected to grow 1.5 times through 2025. However, the single gas analyzer would continue to dominate the global market in terms of revenue throughout the forecast period.

Portable analyzers overshadow the market

The modality types discussed in the report include handheld analyzers, portable analyzers, and benchtop analyzers. The portable analyzer segment generated the highest revenue in 2017, contributing more than half of the market share. However, the handheld analyzer could be lucrative in future, as it expected to grow at 5.20% CAGR during the study period.

Asia-Pacific holds lion's share in the industry 

The report offers a country-level analysis of several regions including, North America, Europe, Asia-Pacific, and LAMEA. In 2017, the Asia-Pacific region would be lucrative for leading market players, as it is projected to amass $80.31 million by 2025, registering a CAGR of 5.4% during 2018-2025. It is followed by LAMEA with a market value of $17.77million through the forecast period.

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Torchbearers of the market 

The report profiles the leading players of the global medical gas analyzer industry, which include Fluke Inc., Servomex Group Limited, TSI Incorporated, WITT-GASETECHNIK GmbH & Co KG, Sable Systems International, Illinois Instruments, Inc., VISCIANO S.A.S., Teledyne Technologies Incorporated, Geotechnical Instruments (UK) Ltd., Maxtec LLC., Drägerwerk AG & Co. KGaA., Systech Instruments Ltd., and Critical Environment Technologies Canada Inc. These companies have adopted various strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to sustain their positions in the industry.

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Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas. 

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact: Shriram Dighe 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1?855?550-5975


SOURCE Allied Market Research

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