Breath of Fresh Sales: Nitrous Oxide Market Analysis
SkyQuest Technology Consulting Pvt. Ltd.
4 min read
SkyQuest Technology Consulting Pvt. Ltd.
SkyQuest's Nitrous Oxide market report provides actionable insights for individuals interested in valuable data, trends, and opportunities in a rapidly growing industry. Additionally, the report is produced and published concisely, making it accessible to various audiences, from industry experts to market readers. Finally, one can gain an in-depth understanding of the primary and secondary market drivers, providing them with a comprehensive outlook of the current market situation and future projections.
Westford, USA, June 14, 2023 (GLOBE NEWSWIRE) -- The global Nitrous Oxide market size is expected to reach USD 2 billion by 2030 and exhibit a CAGR of 7.1% in the forecast period (2023−2030), according to Skyquest's latest research report. The growing demand from various end-use industries such as healthcare, automotive, and food and beverage, the increasing popularity of recreational use, and technological advancement in the production process are fueling the Market's growth.
Government Subsidies and Trends to Promote the Use of Nitrous Oxide
At a global scale, various trends in the nitrous oxide market are promoting growth, such as rising demand for nitrous oxide from the electronic industry for its use as a specialty gas, increasing adoption of nitrous oxide as a greenhouse gas to increase the crop yield, and growing popularity of nitrous oxide in the recreational industry for its euphoric effects.
Several government initiatives are promoting the growth of Nitrous Oxide. The governments of various countries are implementing initiatives to reduce greenhouse gas emissions, the increasing use of nitrous oxide in the medical industry for anesthesia and pain management, governments are also promoting the use of nitrous oxide in the food and beverages industry for whipped cream production and as a propellant for aerosols.
Nitrous Oxide-Oxygen Mixture Type Demand to Grow Substantially in the Forecast Period
Nitrous Oxide-Oxygen Mixture dominated the global market owing to its widespread use. It is used in various medical applications, including dental surgeries, obstetrics, and emergency medicine. Nitrous oxide-oxygen mixtures are also used for anesthesia, pain management, and analgesia due to their fast-acting properties and ease of administration.
Medical and Healthcare is the Leading Application Segment
In terms of application, the medical and healthcare segment is the leading segment due to the demand for nitrous oxide as an anesthetic agent in surgical procedures and pain management. In addition, the increasing number of surgeries, the growing prevalence of chronic diseases, and the rising demand for pain management have helped the market to grow.
Asia-Pacific and North America are the leading Markets Due to the Increasing Demand for Nitrous Oxide in the Healthcare Industry
Region-wise, North America is one of the largest growing markets due to the increasing demand for nitrous oxide in the healthcare industry, particularly in the United States.
Moreover, Asia Pacific is the fastest-growing region for nitrous oxide due to the rising prevalence of chronic diseases, increasing geriatric population and growing demand for dental procedures in the region.
Browse summary of the report and Complete Table of Contents (ToC):
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In terms of application, the medical and healthcare segment dominates due to the demand for nitrous oxide.
In terms of type, the nitrous oxide-oxygen mixture type segment is projected to gain more popularity due to its widespread use.
North America and Asia Pacific are leading markets and will continue to exhibit dominance in the global market mainly due presence of major market players
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