As per the recently published report by MarketsandMarket™, The report "Medical Nitrous Oxide Market by Product (Gas, Liquid), Application (Anaesthesia, Pain, Cryosurgery, Surgical Insufflation), End User (Hospital, Home Healthcare, Academic, Research Institution), Key Stakeholder & Buying Criteria - Global Forecast to 2029", size is estimated to be USD 2.8 billion by 2029 from USD 1.8 billion in 2023, at a CAGR of 6.6%.
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- 110 Market Data Tables
- 55 Figures
- 220 Pages and in-depth TOC on "Medical
Nitrous Oxide Market - Global Forecast to 2029”
Some of the prominent key players are:
- Messer SE & CO. KGAA (Germany),
- SOL SpA (Italy),
- Ellenbarrie Industrial Gases (India),
- Norco Inc. (US),
- Carbide and Chemicals (India), and many
more......
Mergers & acquisitions, investments & expansions,
partnerships & collaborations, and new product developments are some of the
major strategies adopted by these key players to enhance their positions in the
Medical Nitrous Oxide Market.
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- By product, the global medical nitrous
oxide market is categorized into liquid state and gaseous state. The
gaseous segment is expected to register the highest growth of the medical
nitrous oxide market in 2023.
- By application, the global medical
nitrous oxide market is categorized into anaesthesia and pain relief,
cryosurgery, and surgical insufflation. The anaesthesia and pain relief
segment held the largest share of the market in 2023. Primarily attributed
to the factors such as synergistic effects as nitrous oxide, when used
alongside traditional anesthetics, amplifies their pain-relieving and
anxiety-reducing properties.
- Based on end user, the medical nitrous
oxide market is categorized into hospitals, home healthcare, and academic
and research institutions. The hospitals segment held the largest share of
the medical nitrous oxide market in 2023.
- Based on the region, the global medical
nitrous oxide market is divided into North America, Europe, the Asia
Pacific, Latin America, and Middle East & Africa. North America held
the largest share of the global medical nitrous oxide market in 2023, while
the Asia Pacific is projected to be the fastest-growing region in the
forecast period.
The primary impetus behind the medical nitrous oxide market
stems from various factors, including the expanding elderly population,
improvements in healthcare infrastructure, the desire for non-invasive pain
relief methods, and the presence of supportive regulations and standards
governing the utilization of medical gases. Furthermore, the escalating volume
of surgical procedures, observed in both developed and developing nations,
creates a favorable prospect for the heightened adoption of medical nitrous
oxide in anesthesia and analgesia, presenting additional avenues for industry
expansion.
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