Medical Gas Blenders Market Size to grow by USD 623.37 million between 2023-2027
The Medical Gas Blenders Market is segmented by End-user (Hospitals, Ambulatory surgical centers, Pharmaceuticals, Homecare settings, and Academic and research institutions ), Product (Dual flow and Tube flow ), and Geography (North America, Europe, Asia, and Rest of World (ROW)). As per the Global Forecast research report 2023-2027 published by Technavio, the market size is estimated to grow by USD 623.37 million, at a CAGR of 6.01% during the forecast period. There are several companies that are contributing to the market as per this report. Increasing use of respiratory gas blenders in NICUs .
By End-user, the Hospitals segment is projected to dominate the market size in 2024
In the medical industry, hospitals represent the primary consumer base for medical gas blenders in the foreseeable future. The escalating patient population in hospitals necessitates a higher demand for these devices, as an increasing number of patients suffering from hypoxic conditions require pure oxygen therapy. Medical gas blenders are indispensable tools in healthcare facilities, enabling precise control over oxygen concentration and flow rates. By facilitating the safe and accurate administration of oxygen, medical gas blenders reduce the risk of medication errors and adverse reactions, ultimately contributing to enhanced patient care.
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By Product, Dual flow segment is expected to hold the largest market size for the year 2024
Dual-flow medical gas blenders are essential equipment in healthcare facilities, offering high-flow and low-flow capabilities for delivering precise mixtures of air, oxygen, and other medical gases. These blenders are particularly valuable in neonatal intensive care units (NICUs), where they support critical therapies for premature infants. According to the Centers for Disease Control and Prevention (CDC), in the United States, approximately 10% of births in 2020 were preterm. Premature infants are susceptible to various health complications, including respiratory distress, swallowing difficulties, vision and hearing impairments, and cerebral palsy. As the prevalence of premature births continues to rise, so too will the demand for dual-flow medical gas blenders. Additionally, the growing incidence of chronic diseases, increasing demand for respiratory and anesthesia blenders, and the rising number of surgeries will further fuel market growth.
Why is North America forecasted to hold the largest regional market size in 2024?
The North American region dominated the global medical gas blenders market in 2021, accounting for the largest share, and is anticipated to continue leading the market throughout the forecast period. This market dominance can be attributed to the advanced healthcare systems and the extensive utilization of medical gas blenders in the region. Key players in this market include the US, Canada, and Mexico. The increasing geriatric population and the high volume of surgeries performed annually are significant growth drivers for the medical gas blenders market in North America. For instance, the geriatric population in North America grew from 15.18% to 17% of the total population between 2017 and 2020, according to the World Bank.
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Research Analysis Overview
The Medical Gas Blenders Market refers to the production and supply of devices used for blending and delivering anesthesia gases in controlled proportions for surgical procedures. Self-inspection and patient control are crucial aspects of these systems, ensuring the safety and accuracy of respiratory monitoring, gas monitoring, and ventilating systems. Electronic gas mixing and data systems enable automated handling and electronic control, while manual handling with knobs allows for precise flow adjustments of gases like nitrous oxide and oxygen. Anesthetic devices and anesthesia gases are essential components, with gas sources including cylinders and wall outlets. Gas exhaust systems are necessary for removing waste gases, maintaining optimal room conditions. The gas blending system plays a vital role in ensuring controlled anesthesia during surgery, contributing significantly to the success of surgical procedures and the treatment of various diseases.
Market Research Overview
According to Technavio, the global medical gas blenders market is a significant segment of the expansive global healthcare equipment industry. This sector encompasses organizations involved in the research and development (R&D) of various product categories, such as capital equipment, instruments, implants, accessories, and consumables. These products are utilized for the diagnosis, monitoring, and treatment of diverse medical conditions. Technavio determines the size of the global healthcare equipment market by aggregating the revenues generated by manufacturers of diagnostic equipment and devices spanning various therapy areas. The healthcare equipment sector is divided into the following segments: Devices, which encompasses advanced, differentiated, and clinically validated data-driven devices. - The Medical Gas Blenders Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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