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The global medical gas blenders market size is estimated to grow by USD 623.37 million at a CAGR of 6.01% between 2022 and 2027.
Medical gases are used during the treatment of several diseases. In order to study the functioning of the cardiovascular system and the lungs, it is used for respiratory and anesthesia applications. They are considered essential tools in the diagnosis and treatment of various acute and chronic diseases. In a variety of health applications, the medical gas blender is proven to be efficient and critical. In ICUs, medicinal oxygen and medical helium and oxygen mixtures provide comfort to critically ill patients. Medical gas blenders are also useful in neurological applications as they offer effective acute treatment for cluster headaches. In obstetrics, oxygen blended with medicinal nitrous oxide delivers fast-acting rapid analgesia without the need for cannulation. Medical gases are used to ensure accurate diagnosis and assessment in the cardiopulmonary test. The use of medical gas blenders improves the quality of life for people with chronic lung diseases.
Technavio has segmented the market into End-user, Product, and Geography segments.
It also includes an in-depth analysis of drivers, trends, and challenges.
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Hospitals
The market share growth by the hospital segment will be significant during the forecast period. Hospitals are witnessing a growing patient population, which leads to a higher demand for medical gas blenders. As the number of patients with hypoxic problems requiring pure oxygen inhalation increases, so does the need for medical gas blenders to facilitate their safe and accurate administration.
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The hospital segment was valued at USD 602.76 million in 2017. Medical gas blenders have a critical role in patient care to control the concentration and flow of oxygen so that patients can be rescued. They help healthcare professionals administer oxygen levels at specific rates and volumes, reducing the risk of medication errors and adverse reactions. Moreover, the hospital's first priority is the safety of patients. Therefore, the high demand for medical gas blenders from hospitals will propel the growth of the market in focus during the forecast period.
Dual flow
Dual-flow medical gas blenders have high-flow and low-flow capabilities. Hence, they're used for therapeutic purposes to carry the finest air, oxygen, and other healthcare gases. In NICUs, most dual-flow blenders are used for bedside use in neonatal care. The increasing prevalence of premature births will increase the demand for dual-flow medical gas blenders. There have also been several technological advances in dual-flow medical gas blenders. This segment is expected to grow due to the increased use of dual-flow medical gas blenders for various treatments. These blenders are used in critical care units (CCUs) and ICUs to administer anesthesia and for issues related to obstetrics, neonatology, analgesia, pulmonology, neurology, and sleep apnea. These factors will drive the growth of the segment in the global medical gas blenders market during the forecast period.
Tube flow
Tube flow blenders combine pure oxygen with medical gas to deliver specific FiO2. These blenders are commonly used in respiratory, heliox, nitric oxide, carbon dioxide, and hypoxic gas therapies. This segment's growth is driven by an increasing number of surgical procedures and a growing prevalence of chronic diseases. The increasing prevalence of bronchiolitis, airway obstruction, post-extubating stridor, and asthma will increase the adoption of tube-flow medical gas blenders. This segment will also be driven by a rising number of emergency room (ER) visits at hospitals and the growing number of surgical procedures. Moreover, the companies are increasing their focus on designing and launching tube flow medical gas blenders.
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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. North America accounted for the largest share in the global medical gas blenders market in 2021, and it is expected to maintain its market leadership during the forecast period owing to the modern healthcare systems, as well as their widespread use. The North American market for medical gas blenders and anesthesia gas blenders is already well established, with the US, Canada, and Mexico being key players.
Moreover, the increasing number of hospital admissions of people involved in motor vehicle accidents will increase the use of medical gas blenders, the prevalence of diseases such as sleep apnea, chronic obstructive pulmonary disease (COPD), asthma, hyperbaric oxygen, and respiratory failure among newborns is increasing, which will increase the demand for medical gas blenders in North America during the forecast period.
The COVID-19 pandemic in 2020 had a negative impact on the global medical gas blender market in North America. However, in 2021, due to the vaccination drives implemented in the region, the demand for growth of the medical gas blenders rebounded, as manufacturing units for medical gas blenders reopened and resumed their normal operations. Also, the number of hospitals and surgical centers in the region is expected to increase; owing to the aftereffects of COVID-19, the US, and Canadian governments are investing to set up more medical centers so that they can focus on public health during the forecast period. This, in turn, will create the need for medical gas blenders in the North American region during the forecast period, which will drive the growth of the regional medical gas blenders market during the forecast period.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
BioMed Devices- The company offers medical gas blenders such as 2003F, 2003FF, 2003FL, and 2003FFH Low Flow.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
The increasing popularity of respiratory gas blenders is driving growth in the market. A respiratory gas blender is a device designed to combine pure oxygen with medical air and allow the delivery of specific volumes of air. They are used in NICU, ERs, and operating rooms (ORs) and during computed tomography (CT) and magnetic resonance imaging (MRI) scans. Medical gas blenders are equipped with an on/off knob to control bleed flow. They also have high-flow and low-flow capabilities.
Moreover, Medical offers Air-Oxygen Blender is unique, durable, versatile, modular, and user-friendly and offers high performance. It controls bleed flow for the user. It's quiet and makes it appropriate for the neonatal intensive care unit. In order to prevent accidental damage to the unit, the durability of the device is important. It can also be used in high-flow and low-flow models. The increasing number of preterm births has increased the popularity of respiratory gas blenders, which is driving the growth of the global medical gas blenders market during the forecast period.
The increasing use of respiratory gas blenders in NICUs is a key trend in the market. The demand for respiratory gas blenders for use in surgeries and neonates is increasing, especially for apnea due to premature births as infants cannot breathe properly. After preterm birth, the baby requires more oxygen than what was available in the mother's uterus. If the oxygen intake is low, brain damage could be caused, or the baby may not survive. Hence, respiratory gas blenders are used to provide oxygen to neonates.
However, the companies offer reliable novel gas blenders that can mix the gases as indicated without error. Space needed for NICU is reduced by the built-in-flow meters. The on/off knob allows you to turn off low-flow gas bleed without disconnecting connections from the blender. In addition to respiratory use for neonates, these blenders can also be used to deliver other medical gases to treat chronic diseases in infants. Hence, the increasing use of respiratory gas blenders in NICUs drives the growth of the global medical gas blenders market during the forecast period.
The intense competition between companies and competitive pricing pressures is a major challenge faced by the medical gas blender market. There is a strong presence of global, regional, and local companies in the global market for medical gas blenders. Competition in terms of pricing is intense among companies, which has resulted in low-profit margins. The competition is mostly based on design and manufacturing costs. New products and low purchasing power are not widely known to end users in developing countries. They prefer local companies due to better after-sales support, which forces the global company to reduce the cost of their products.
However, intense competition between global and local companies has led to price wars. As a result, global suppliers are forced to lower the average selling prices of their products. the company also offers discounts, which increases competition. Hence, the key companies are operating on low-net margins. This intense competition between companies and competitive pricing pressures could affect the growth of the global medical gas blender market during the forecast period.
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The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Medical Gas Blenders Market Customer Landscape
The medical gas blenders market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Medical Gas Blenders Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.01% |
Market growth 2023-2027 |
USD 623.37 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.87 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
North America at 38% |
Key countries |
US, Canada, Germany, China, and India |
Competitive landscape |
Leading company, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
BioMed Devices, DEHAS Medical Systems GmbH, EKU Elektronik GmbH, ESAB Corp., Genstar Technologies Co. Inc., Guangdong Pigeon Medical Apparatus Co. Ltd., HVS Oliver Hornla GmbH and Co. KG, Inspiration Healthcare Group Plc., MCQ Instruments, medin Medical Innovations GmbH, Ningbo David Medical Device Co. Ltd., Precision Medical Inc., S S Technomed P Ltd., SHANGHAI AMCAREMED TECHNOLOGY Co. Ltd., TG Eakin Ltd., Weyer GmbH, WITT Gasetechnik GmbH and Co KG, Halma Plc, Scanatron Technics AG, and Zhengzhou Dison Instrument And Meter Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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