Medical Nitrous Oxide Market Size & Share Will Reach USD 3.11 Billion By 2032, at 6.4% CAGR: Report by Polaris Market Research

The global medical nitrous oxide market size and share are currently valued at USD 1.79 billion in 2023. It is anticipated to generate an estimated revenue of USD 3.11 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024-2032. The global key market players include Air Liquide, American Welding & Gas, CalOx, Carbide and Chemicals, Chengdu Taiyu Industrial Gases Co., Ltd., Earlbeck Gases & Technology and others.

New York, NY, Feb. 23, 2024 (GLOBE NEWSWIRE) — The latest research report [115+] pages with 360-degree visibility, titled “Medical Nitrous Oxide Market Share, Size, Trends, Industry Analysis Report, By Product (Liquid State, Gaseous State); By Application; By End User; By Region; Segment Forecast, 2024- 2032″ published by Polaris Market Research in its research repository.

The global medical nitrous oxide market size and share are currently valued at USD 1.79 billion in 2023. It is anticipated to generate an estimated revenue of USD 3.11 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024-2032.

Market Definition

  • What is Medical Nitrous Oxide? How Big is Medical Nitrous Oxide Market Size & Share?

Medical nitrous oxide, normally acknowledged as laughing gas, is a temporary-acting sedative. It is devoid of color and is a somewhat sweet-smelling gas that the patient inhales through a mask or noseband. Physicians and dentists have been utilizing nitrous oxide since the mid-nineteenth century, and it is yet one of the most common gasping sedatives utilized presently. The rapidly rising demand for medical nitrous oxide market can be attributed to the fact that it is speedy acting and disappears rapidly rendering as a perfect sedation alternative for short or unimportant procedures.

The medical nitrous oxide market growth can be attributed to the enhanced consciousness among persons concerning medical nitrous oxide, causing an approving market. With maturing arrives an escalating prospect of constraining surgical conflicts for several situations, such as cancer cures, orthopedic problems, cardiovascular illnesses, and more. The majority of these surgeries need anesthesia, and medical nitrous oxide is often engaged as an accompanying agent to produce and sustain anesthesia in the course of procedures.

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Medical Nitrous Oxide Market Key Companies

  • Air Liquide
  • American Welding & Gas
  • CalOx
  • Carbide and Chemicals
  • Chengdu Taiyu Industrial Gases Co., Ltd.
  • Earlbeck Gases & Technology
  • Ellenbarrie Industrial Gases
  • Gulf Cryo
  • Jiangsu Huazhong Gas Co., Ltd.
  • Linde plc
  • Matheson Tri-Gas Inc.
  • Messer SE & CO. KGAA
  • nexAir
  • Norco Inc.
  • Oxygen & Argon Works Ltd
  • SOL SpA
  • Southern Gas Limited
  • Steelman Gases Pvt. Ltd.

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Key Highlights

  • Escalating the prospect of constraining surgical conflicts for several situations, such as cancer cures, orthopedic problems, and cardiovascular illnesses, is pushing the market towards expansion.
  • The medical nitrous oxide market segmentation is primarily segmented based on application, product, end user, and region.
  • North America dominated the market in 2023.

Medical Nitrous Oxide Market Developments

  • Growth Drivers:

Enhanced healthcare framework: The continuing progression in healthcare spaces plays an important part in the rising undertaking of medical nitrous oxide. It is because of the growing potential of enhanced healthcare frameworks to ease progressive processes such as affliction handling and surgeries where nitrous oxide dispenses an important operation. The medical nitrous oxide market size is expanding as healthcare frameworks encounter alterations and reforms. By bearing in mind the market trend, it is anticipated to spread in combination, encountering the progressing requirements and gauge of progressive healthcare delivery.

Technological innovations: The advancement of healthcare framework is influential in adapting the growing intricacy of medical cures guaranteeing that prerequisites are tooled up to encounter the escalating demands of encountering the growing demands of manifold healthcare requirements. The medical nitrous oxide market sales are soaring as the developing topography of healthcare favors propelled by technological innovations and concentration on client-focused care highlights the crucial role of enhanced healthcare framework in stimulating the usage and evolution of medical nitrous oxide.

  • Industry Trends:

Analgesic agent: Chronic illnesses such as neuropathy, arthritis, and fibromyalgia frequently cause continual agony that involves management. Medical nitrous oxide is used as an analgesic agent to provide solace from detrimental and dire pain, particularly in the outpatient backdrop and for insignificant processes.

Demand for dental care: As the population matures, there is an escalating demand for dental care among older grownups. In the medical nitrous oxide market, medical nitrous oxide is normally engaged in geriatric dentistry to tackle the apprehension and agony in the course of dental processes such as periodontal cures, root canals, and extraction.

  • Restraints

Prevalence of replacements: The options in the market indicate the prevalence of replacement for nitrous oxide in medical requests, especially pain management, and anesthesia. Healthcare donors possess diverse possibilities past nitrous oxide regarding these particular medical motivations. These options can involve varied anesthetic agents or agony management procedures that give out the same justification. The existence of these optional solutions generates contests within the market as healthcare distributors might opt for replacements depending on specific needs, patient inclinations, or other deliberations.

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Segmentation Overview

  • The Gaseous State Segment Witnessed a Steep Surge

Based on the product, the gaseous state segment witnessed a steep surge. The medical nitrous oxide market demand is on the rise due to its flexibility covering several applications, especially its productiveness in offering analgesia and anesthesia in the course of surgical intrusion. This configuration of nitrous oxide is approved for its capacity to instigate a situation of unawareness and relieve pain, indispensable elements in guaranteeing patient solace and security in the course of medical processes.

  • The Home Healthcare Segment Dominated the Market

Based on application, the home healthcare segment dominated the market. Home healthcare with medical nitrous oxide includes the dispensing of nitrous oxide therapy in a home ambiance supervised by healthcare donors. The medical nitrous oxide market trends include nitrous oxide remedies being usually carried out in clinical setups such as outpatient provisions, hospitals, and dental clinics; there are circumstances where home-established nitrous oxide cure becomes an acceptable option.

Medical Nitrous Oxide Market: Report Scope & Dynamics

Report Attribute Details
Revenue Forecast in 2032 USD 3.11 Billion
Market size value in 2024 USD 1.89 Billion
Expected CAGR Growth 6.4% from 2024 – 2032
Base Year 2023
Forecast Year 2024 – 2032
Top Market Players Air Liquide, American Welding & Gas, CalOx, Carbide and Chemicals, Chengdu Taiyu Industrial Gases Co., Ltd., Earlbeck Gases & Technology, Ellenbarrie Industrial Gases, and Wallbox
Segments Covered By Application, By Product, By End User, By Region
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

Regional Insights

North America: This region held the largest medical nitrous oxide market share due to elements such as progressive healthcare framework, extensive utilization, robust market demand, and sizeable existence of important players in the market in the region. The substantial allocation highlights the region’s crucial significance and impactful part in modeling trends and agitation of the market in the course of the set-out period.

Asia Pacific: This region is poised for speedy growth due to escalation in developing comprehension of the benefits of nitrous oxide, zestful progression in healthcare framework, and surgical processes.

Browse the Detail Report “Medical Nitrous Oxide Market Share, Size, Trends, Industry Analysis Report, By Product (Liquid State, Gaseous State); By Application; By End User; By Region; Segment Forecast, 2024- 2032” with in-depth TOC:  https://www.polarismarketresearch.com/industry-analysis/medical-nitrous-oxide-market     

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Key Questions Addressed in the Report:

  • What are the key segments in the medical nitrous oxide market?

Ans: The key segments in the market are application, product, end user, and region.

  • How much is the market worth?

Ans: The market will be worth USD 3.11 million by 20232.

  • At what CAGR is the market predicted to grow?

Ans: The medical nitrous oxide market is predicted to grow at a CAGR of 6.4%

  • Which region is leading the global market?

Ans: The North American region is leading the global market.

Polaris Market Research has segmented the Medical Nitrous Oxide market report based on application, product, end user, and region:

By Application Outlook

  • Cryosurgery
  • Surgical Insufflation
  • Anesthesia and Pain Relief

By Product Outlook

  • Liquid State
  • Gaseous State

By End User Outlook

  • Academic & Research Institutions
  • Hospitals
  • Home Healthcare

By Region Outlook

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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About Polaris Market Research:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

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