Global Medical Purity Analyzer Market, By Type (Laser Analyzer, Infrared Analyzer, Zirconia Analyzer, Paramagnetic Analyzer, Thermal Conductivity Analyzer, Flame Ionization 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, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 344.0 million in 2020 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 Market Insights.

The increasing prevalence of diseases is expected to lead to adoption of high purity oxygen cylinders or generators in hospitals due increasing number of patient admissions in hospitals. Additionally, the increasing number of healthcare facilities in emerging economies is driving demand for high purity oxygen and medical purity analyzers for the treatment of patients.

According to The World Health Organization (WHO), in 2018, 55-60% of elderly patients admitted in hospitals across the globe were administered medical gases.

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Global Medical Purity Analyzer Market – Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic has impacted the global economy and therefore, affect growth of the global medical purity analyzer market. Quarantine, traveling constraints, and social distancing measures are likely to lead to a steep decline in business operations and consumer spending until the end of the second quarter of 2020. Moreover, medical purity analyzers are used in hospitals for monitoring and analyzing gases used in hospitals and healthcare facilities. Due to the increasing patient population suffering from COVID-19, as well as the increasing hospital admission of patient is expected to drive demand for gases such as oxygen in intensive care units. These factors are expected to facilitate demand for medical purity analyzers for monitoring the quality of medical air and/or oxygen injected in the hospital medical gas piping network.

Browse 37 Market Data Tables and 35 Figures spread through 180 Pages and in-depth TOC on “Medical Purity Analyzers Market”- Global Forecast to 2027, By Type (Laser Analyzer, Infrared Analyzer, Zirconia Analyzer, Paramagnetic Analyzer, Thermal Conductivity Analyzer, Flame Ionization 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, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).

Key players operating in market are focusing on launching novel products which is expected to drive the market growth over the forecast period. For instance, in November 2017, Servomex, a global leader in gas analysis, launched SERVOPRO MultiExact 4100, a high-performance multi-gas analyzer offering up to four simultaneous digital gas stream measurements and configurable to a wide range of industrial gas and pharmacopeia applications.

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Key Takeaways of the Global Medical Purity Analyzer Market:

The global medical purity analyzer market is expected to expand at a CAGR of 5.4% during the forecast period owing to an increasing number of surgical procedures. According to the Center for Health Statistics report, in 2018, 48 million surgical procedures were performed in the U.S. and out of which cardiovascular disease surgeries accounted for 7.3 million.

Among type, laser analyzer segment is expected to holds a dominant position in the medical purity analyzer market in 2020, owing to increase in adoption rate and growing demand for integrated solutions

Key players operating in the global medical purity analyzer market are AMETEK, California Analytical Instruments, 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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