Latest News- Medical Gas Blenders Market: Hospitals is expected to lead the End-user segment during 2024-2028

The Medical Gas Blenders Market is being driven by Growing geriatric population and rising prevalence of chronic diseases

The Medical Gas Blenders Market is expected to grow at a CAGR of 5.42% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 582 million. In the medical field, the necessity for precise respiratory gas blending is paramount, particularly in surgical settings and neonatal intensive care units (NICUs). Preterm births increase the demand for such equipment, as newborns often require more oxygen than what was supplied in the womb. Insufficient oxygen intake can lead to severe consequences, including brain damage or even death. To address this requirement, vendors offer advanced gas blenders, such as Ohio Medical's NEO2 blend and low-flow models, which come equipped with on/off bleed knobs, ensuring accurate gas mixtures for neonatal care. These devices play a crucial role in maintaining optimal oxygen levels for newborns, thereby contributing to their overall health and survival. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Hospitals
  • Ambulatory surgical centers
  • Pharmaceuticals
  • Homecare settings
  • Academic and research institutions
• Product
  • Dual flow
  • Tube flow
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
  • Asia
    • China
    • India
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing geriatric population and rising prevalence of chronic diseases
• Increasing popularity of respiratory gas blenders
• Rising demand for medical gases for therapeutic and diagnostic applications

However, the market also witnesses some limitations, which are as follows:

• Stringent regulations on design and manufacturing of medical gas blenders
• Concerns about maintenance of medical gas blenders
• Competition between vendors and competitive pricing pressures

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Market Scope in Medical Gas Blenders Market Research Report

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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.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/