Global MedicalPurity Analyzer Market, By Type (Laser Analyzer, Infrared Analyzer,Zirconia Analyzer, Paramagnetic Analyzer, Thermal Conductivity Analyzer, FlameIonization Analyzer, Gas Chromatography Analyzer, and Others), By Application(Medical Gas Production, Medical Gas Verification and Others), By End User(Hospitals, Academic and Research Institutes, Biopharmaceutical Companies, andOthers), and By Region (North America, Latin America, Europe, Asia Pacific,Middle East, and Africa), is estimated to be valued at US$ 344.0 million in2020 and is expected to exhibit a CAGR of 5.4% over the forecast period(2020-2027), as highlighted in a new report published by Coherent MarketInsights.
The increasing prevalence ofdiseases is expected to lead to adoption of high purity oxygen cylinders orgenerators in hospitals due increasing number of patient admissions inhospitals. Additionally, the increasing number of healthcare facilities inemerging economies is driving demand for high purity oxygen and medical purityanalyzers for the treatment of patients.
According to The World HealthOrganization (WHO), in 2018, 55-60% of elderly patients admitted in hospitalsacross the globe were administered medical gases.
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Global Medical Purity AnalyzerMarket – Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic hasimpacted the global economy and therefore, affect growth of the global medicalpurity analyzer market. Quarantine, traveling constraints, and socialdistancing measures are likely to lead to a steep decline in businessoperations and consumer spending until the end of the second quarter of 2020.Moreover, medical purity analyzers are used in hospitals for monitoring andanalyzing gases used in hospitals and healthcare facilities. Due to the increasingpatient population suffering from COVID-19, as well as the increasing hospitaladmission of patient is expected to drive demand for gases such as oxygen inintensive care units. These factors are expected to facilitate demand formedical purity analyzers for monitoring the quality of medical air and/oroxygen injected in the hospital medical gas piping network.
Browse 37 Market Data Tables and35 Figures spread through 180 Pages and in-depth TOC on “Medical PurityAnalyzers Market”- Global Forecast to 2027, By Type (Laser Analyzer, InfraredAnalyzer, Zirconia Analyzer, Paramagnetic Analyzer, Thermal Conductivity Analyzer,Flame Ionization Analyzer, Gas Chromatography Analyzer, and Others), ByApplication (Medical Gas Production, Medical Gas Verification and Others), ByEnd User (Hospitals, Academic and Research Institutes, BiopharmaceuticalCompanies, and Others), and By Region (North America, Latin America, Europe,Asia Pacific, Middle East, and Africa).
Key players operating in marketare focusing on launching novel products which is expected to drive the marketgrowth over the forecast period. For instance, in November 2017, Servomex, aglobal leader in gas analysis, launched SERVOPRO MultiExact 4100, ahigh-performance multi-gas analyzer offering up to four simultaneous digitalgas stream measurements and configurable to a wide range of industrial gas andpharmacopeia applications.
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Key Takeaways of the Global MedicalPurity Analyzer Market:
The global medical purityanalyzer market is expected to expand at a CAGR of 5.4% during the forecastperiod owing to an increasing number of surgical procedures. According to theCenter for Health Statistics report, in 2018, 48 million surgical procedureswere performed in the U.S. and out of which cardiovascular disease surgeriesaccounted for 7.3 million.
Among type, laser analyzersegment is expected to holds a dominant position in the medical purity analyzermarket in 2020, owing to increase in adoption rate and growing demand forintegrated solutions
Key players operating in theglobal medical purity analyzer market are AMETEK, California AnalyticalInstruments, Drägerwerk AG, Eaton Corporation PLC, Emerson Electric Co.,Honeywell International Inc., Spectris PLC, Teledyne Analytical Instruments,Vasthi Engineers Pvt Ltd, Novair Medical, Roscid Technologies, The Linde Group,Praxair, Inc., Fluke Corporation, MEECO Inc. and Matheson Tri-Gas
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