What is Global Medical CO2 Absorbent Market?
The Global Medical CO2 Absorbent Market is a specialized sector within the broader medical industry that focuses on the production and distribution of CO2 absorbents. These absorbents are crucial in medical procedures, particularly in anesthesia, where they are used to absorb the carbon dioxide exhaled by patients. The market is a global one, with key players spread across different regions, each contributing to the overall growth and development of the industry. The market's value was estimated at US$ 69 million in 2022, and it is projected to grow to US$ 88 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.4% from 2023 to 2029.
Soda Lime, Calcium Lime in the Global Medical CO2 Absorbent Market:
The Global Medical CO2 Absorbent Market is primarily divided into two segments based on the type of absorbent: Soda Lime and Calcium Lime. Soda Lime is the more dominant type, accounting for about 50% of the market. It is a mixture of chemicals used in granular form in closed breathing environments, such as general anesthesia, submarines, rebreathers, and recompression chambers, to remove carbon dioxide from breathing gases to mitigate the risks associated with hypercapnia. On the other hand, Calcium Lime is a less common type of CO2 absorbent, but it still plays a significant role in the market. Both types of absorbents have their unique features and uses, which contribute to their demand in the market.
Hospitals, Clinics in the Global Medical CO2 Absorbent Market:
The usage of CO2 absorbents in the Global Medical CO2 Absorbent Market is widespread, with hospitals and clinics being the primary areas of application. In hospitals, these absorbents are used in various departments, including the operating room, intensive care unit, and emergency room. They are crucial in procedures involving anesthesia, where they help maintain a stable environment by absorbing the carbon dioxide exhaled by patients. In clinics, CO2 absorbents are used in similar ways. They are particularly important in clinics that perform surgeries, where maintaining a stable and safe environment is crucial. The usage of CO2 absorbents in these areas is expected to continue in the future, contributing to the growth of the Global Medical CO2 Absorbent Market.
Global Medical CO2 Absorbent Market Outlook:
Looking at the market outlook for the Global Medical CO2 Absorbent Market, it is clear that the industry is on a positive growth trajectory. In 2022, the market was valued at US$ 69 million, and it is expected to grow to US$ 88 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.4% from 2023 to 2029. The main type of CO2 absorbent contributing to this growth is Sodasorb, which accounts for about 50% of the market. This data indicates that the Global Medical CO2 Absorbent Market is a growing industry with a promising future.
| Report Metric | Details |
| Report Name | Medical CO2 Absorbent Market |
| Accounted market size in 2022 | US$ 75 million |
| Forecasted market size in 2029 | US$ 119.3 million |
| CAGR | 6.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Vyaire Medical, Draeger, Armstrong Medical, Allied Healthcare, Micropore, Molecular Products, Intersurgical, Hisern, Flexicare, Atrasorb, Weihai Haigerui Medical, Weihai Shichuang Medical, Strong Medicine, Gome Science and Technology Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
