Medical Nitrous Oxide Market to Grow with a CAGR of 6.76% through 2029
Increasing Aging Population and Prevalence of Chronic Diseases are the
major drivers for the Global Medical Nitrous Oxide Market.
According to TechSci Research report, “Medical
Nitrous Oxide Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the Global Medical Nitrous Oxide Market was valued at USD 1.92
billion in 2023 and will see an impressive growth in the forecast period at a
CAGR of 6.76% to 2029. This can be attributed to the awareness among
individuals regarding Medical Nitrous Oxide which has led to a favorable market.
With aging
comes a higher likelihood of requiring surgical interventions for various
conditions, including orthopedic issues, cardiovascular diseases, cancer
treatments, and more. Many of these surgeries require anesthesia, and medical
nitrous oxide is often used as an adjunctive agent to induce and maintain
anesthesia during procedures.
Chronic diseases such as arthritis, fibromyalgia, and
neuropathy often result in chronic pain that requires management. Medical
nitrous oxide is used as an analgesic agent to provide relief from acute and
chronic pain, particularly in outpatient settings and for minor procedures. As
the population ages, there is an increased demand for dental care among older
adults. Medical nitrous oxide is commonly used in geriatric dentistry to manage
anxiety and pain during dental procedures, such as extractions, root canals,
and periodontal treatments.
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Nitrous oxide is sometimes abused for
recreational purposes, particularly in the form of inhalants. This misuse can
lead to harmful effects such as dizziness, loss of consciousness, and even
death. The association of nitrous oxide with recreational use can contribute to
negative perceptions and stigma surrounding its medical applications. Nitrous
oxide has a history of recreational and non-medical use, which has contributed
to misconceptions and stigma surrounding its safety and efficacy in medical
settings. Despite its long-standing use as an anesthetic and analgesic agent,
some individuals may still associate nitrous oxide with its recreational use
and perceive it as unsafe or ineffective for medical purposes. There may be a
lack of awareness among the public about the medical uses and benefits of
nitrous oxide. Many people may not be familiar with its role in pain
management, anaesthesia, and dental procedures, leading to misconceptions and
misunderstanding about its safety and efficacy in clinical settings.
The Global Medical Nitrous Oxide Market is segmented
into Type, Application, regional distribution, and company.
Based on its Application, Global Medical Nitrous Oxide
Market is segmented into Hospitals (Labs and Clinics), Home Healthcare,
Universities/Research Institutions. Home healthcare involving medical nitrous
oxide refers to the provision of nitrous oxide therapy in a home setting under
the supervision of healthcare professionals. While nitrous oxide therapy is
more commonly administered in clinical settings such as hospitals, dental
offices, and outpatient clinics, there are certain situations where home-based
nitrous oxide therapy may be considered appropriate. Home healthcare
involving medical nitrous oxide may be prescribed for individuals with certain
medical conditions that necessitate nitrous oxide therapy for pain management
or symptom relief. These conditions may include chronic pain syndromes, certain
respiratory conditions, and palliative care needs. Individuals with chronic
pain conditions, such as neuropathic pain, fibromyalgia, or certain types of
cancer pain, may benefit from nitrous oxide therapy to alleviate pain and
improve quality of life. Home-based nitrous oxide therapy can provide convenient
access to pain relief without the need for frequent visits to healthcare
facilities.
Based on region, North America is dominating the
market. Many leading manufacturers and suppliers of medical nitrous oxide are
headquartered or have a significant presence in North America. This proximity
facilitates easier access to the market and enables companies to respond
quickly to changing demand and regulatory requirements. The region invests
heavily in research and development initiatives aimed at advancing medical
technology and improving patient care. This focus on innovation drives the
development of new and improved nitrous oxide delivery systems and enhances the
overall competitiveness of the market. There is growing awareness and
acceptance of the benefits of medical nitrous oxide among healthcare
professionals and patients in North America. As more evidence supports its
safety and efficacy, nitrous oxide is increasingly integrated into medical practice
as a valuable tool for pain management and anesthesia.
Major companies operating in Global Medical
Nitrous Oxide Market are:
- Air Liquide(Airgas) AB
- Linde Plc.
- Taiyo Nippon Sanso Corporation
- Messer SE & Co KGaA
- SOL SpA
- Air Water Inc.
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“The increasing demand for Medical Nitrous Oxide Market
stems from its efficacy as both an analgesic and anesthetic agent in various
medical specialties and procedures. Nitrous oxide's quick onset and offset,
ease of use, and low incidence of side effects render it highly valuable for
pain management and anesthesia across a broad spectrum of clinical applications.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Medical Nitrous Oxide Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast,
2019-2029 Segmented by Type (Type I, Type II, Type
III, Type IV), By Application (Hospitals (Labs and Clinics), Home Healthcare, Universities/Research
Institutions), By Region, and By Competition”, has evaluated
the future growth potential of Global Medical Nitrous Oxide Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Medical Nitrous
Oxide Market.
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