Technology
Web Hosting Services Market to Grow by USD 124.2 Billion (2024-2028), Driven by E-Commerce Expansion, with AI Redefining Market Landscape – Technavio
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NEW YORK, Nov. 18, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global web hosting services market size is estimated to grow by USD 124.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.8% during the forecast period. Growth of e-commerce industry is driving market growth, with a trend towards implementation of ai in web hosting. However, data privacy and security concerns regarding web hosting services poses a challenge.Key market players include Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Equinix Inc., GoDaddy Inc., GreenGeeks LLC., Hetzner Online GmbH, Hostinger International Ltd., INMOTION HOSTING Inc., Liquid Web LLC, Newfold Digital Inc., Ocom B.V., OVH Groupe SA, Phoenix Web Development, Rackspace Technology Inc., Shinjiru Technology Sdn Bhd, SiteGround Hosting Ltd., Techfly Solutions, Unitied Internet AG, and WPEngine Inc..
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Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
Service (Shared hosting, Dedicated hosting, VPS
hosting, and Website builder), Deployment
(Public, Private, and Hybrid), and Geography
(North America, Europe, APAC, Middle East and
Africa, and South America)
Region Covered
North America, Europe, APAC, Middle East and
Africa, and South America
Key companies profiled
Alibaba Group Holding Ltd., Alphabet Inc.,
Amazon.com Inc., Equinix Inc., GoDaddy Inc.,
GreenGeeks LLC., Hetzner Online GmbH,
Hostinger International Ltd., INMOTION
HOSTING Inc., Liquid Web LLC, Newfold Digital
Inc., Ocom B.V., OVH Groupe SA, Phoenix Web
Development, Rackspace Technology Inc.,
Shinjiru Technology Sdn Bhd, SiteGround
Hosting Ltd., Techfly Solutions, Unitied Internet
AG, and WPEngine Inc.
Key Market Trends Fueling Growth
Web hosting services have evolved with the integration of Artificial Intelligence (AI) technology. AI enhances website performance by offering advanced security features, including domain name protection and self-repairing systems. It safeguards websites against cyberattacks by detecting and analyzing potential threats in real-time. AI applications use predictive analytics and machine learning to identify malware and provide early warnings. Organizations invest significantly in implementing innovative digital solutions to optimize web pages. AI adoption streamlines these processes, reducing labor costs and ensuring optimal website functionality.
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In today’s digital world, businesses and individuals require reliable web hosting solutions to establish their online presence. The web hosting market caters to various segments including enterprises, individuals, and startup companies. Shared hosting, colocation hosting, and dedicated hosting are common options, but the trend is shifting towards cloud-based solutions like public, private, and hybrid cloud. MSMEs, e-commerce businesses, and mobile application owners benefit from web hosting services for their internet facilities. Consumer behavior and the digitalization trend have made online platforms essential for operations and digital presence. Intranet websites, IoT, and e-commerce solutions require infrastructure for security and technical support. Web hosting services offer dedicated server hosting and cloud hosting to accommodate different needs. Company data and customer data are protected through network protection and firewall technology. Modern technologies like AI, IIoT, Cloud, AR & VR, and automated messages are integrated into web hosting services to enhance user experience. However, challenges like virus attacks and the need for technologically advanced infrastructure persist. Web hosting providers must offer secure and reliable services to meet the evolving needs of their clients. Payments and e-commerce solutions are also critical aspects of web hosting services for businesses.The web hosting services market faces significant challenges due to data privacy and security concerns in cloud environments. With the increasing interconnectivity of numerous devices through the internet, establishing a secure network connection is crucial. The adoption of cloud solutions has led to an uptick in cyberattacks, such as business email compromise (BEC), malware, SQL injection attacks, and virus attacks. Hackers often target high-level executives, tricking them into money transfers to steal confidential data. The root cause of these breaches is often the lack of proper security protocol implementation in cloud-based systems. Organizations must prioritize security measures to safeguard their data and maintain trust with their clients.
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Segment Overview
This web hosting services market report extensively covers market segmentation by
Service 1.1 Shared hosting1.2 Dedicated hosting1.3 VPS hosting1.4 Website builderDeployment 2.1 Public2.2 Private2.3 HybridGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America
1.1 Shared hosting- Shared hosting is a cost-effective solution for businesses, blogs, and personal websites. Multiple companies share the same web server, utilizing a standard framework with additional features like customized domain names, web statistics, email services, website building tools, and access to PHP, SQL, and auto script languages. The benefits include lower operational costs, enhanced performance, simplified setup and maintenance, and increased efficiency and security. SMEs, in particular, are driving the growth of shared hosting due to their moderate website traffic, less customization, storage, and CPU requirements. The rise of cloud computing and the proliferation of startups and e-commerce businesses are also contributing to the expansion of the shared hosting market.
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The Web Hosting Services Market encompasses various types of hosting solutions designed to accommodate the diverse needs of enterprises, individuals, and startup companies. These solutions include Shared Hosting, Colocation Hosting, Dedicated Hosting, and Cloud Hosting. With the increasing reliance on the Internet for business and personal use, the demand for reliable and efficient web hosting services continues to grow. Modern technologies such as AI, IIoT, Cloud, AR & VR are transforming the web hosting landscape, offering advanced features and enhanced customer experience. Website owners, from individuals to large enterprises, benefit from the flexibility and scalability of these solutions. However, with the increasing use of the Internet, consumer behavior and security concerns have become crucial factors. Virus attacks and cyber threats necessitate Firewall technology and automated messages to keep websites secure. IoT and server integration further expand the possibilities for businesses and individuals alike. Overall, the Web Hosting Services Market continues to evolve, meeting the ever-changing needs of its diverse clientele.
Market Research Overview
The Web Hosting Services Market is a dynamic and ever-evolving industry that caters to the digital needs of individuals, enterprises, startups, and MSMEs. The market offers various hosting solutions such as Shared hosting, Colocation hosting, and Dedicated hosting, to name a few. With the increasing digitalization trend, the demand for cloud-based solutions like Public cloud, Private cloud, and Hybrid cloud is on the rise. Web hosting plays a crucial role in providing internet facilities for Intranet websites, E-commerce businesses, Mobile applications, and IoT devices. Modern technologies like AI, IIoT, Cloud, AR & VR, and Virtualization are transforming the way businesses operate and establish their digital presence. Customer experience is a key factor driving the market’s growth, with companies focusing on providing technologically advanced infrastructure, security, technical support, and network protection for their clients’ company data and customer data. The market also offers e-commerce solutions, payments, and infrastructure for small businesses. However, with the increasing use of online platforms, consumer behavior, and the digitalization trend, website owners face challenges like virus attacks, Firewall technology, and automated messages. The market responds by offering advanced security features, including dedicated server hosting and cloud hosting solutions. Overall, the Web Hosting Services Market is an essential component of the digital economy, enabling businesses to thrive in the digital world.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ServiceShared HostingDedicated HostingVPS HostingWebsite BuilderDeploymentPublicPrivateHybridGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Technology
Panitch Schwarze Hires Executive Technology Attorney
Published
54 minutes agoon
November 18, 2024By
PHILADELPHIA, Nov. 18, 2024 /PRNewswire/ — Intellectual property law firm Panitch Schwarze Belisario & Nadel LLP is pleased to announce that Larry Cullen has joined the firm as Counsel. As Vice President of Intellectual Property in the fast-paced, high-tech communications business Cullen has successfully managed the full gamut of legal and technology issues, established business strategies, enhanced innovations, and mitigated risks from IP claims. As an experienced, trusted advisor in the high-tech industry, Cullen brings a full understanding of in-house concerns and a depth of experience for creative solutions to help clients succeed in the competitive marketplace.
“We are delighted to welcome Larry to our team,” said Panitch Schwarze partner Travis W. Bliss, Ph.D. “His extensive experience developing IP strategy for major tech companies makes him ideally suited to helping our clients protect their most valuable assets. We look forward to providing our clients with the benefit of his deep insights into comprehensive technology and business protection.”
As a skilled technology advocate, Cullen has obtained numerous patents that were successfully litigated, resulting in a range of outcomes from competitor injunctions, cross licenses, and settlements. With strategic counseling and patent protection, Cullen’s companies rose to become No. 1 in market share in their respective industries. Cullen specialized in strategies for protecting innovation by creating high value, litigation-ready patents for products, coverage of standards (SEPs in video, broadcasting, WiFi and others – including evaluation and entry into patent pools), and competitor tracking. Patent portfolios created with Cullen’s involvement have been attributed to a valuation of over $12 billion dollars for one company acquisition.
As Vice President and Lead Counsel for the past decade, Cullen has successfully helped C-suite executives navigate through many risks to clear the path for product sales and margin preservation. He has successfully led many freedom of action reviews and design arounds to avoid injunctions and “bet the farm” litigation threats. Cullen specializes in NPE management, business licensing and cross licensing, RAND licensing and litigation strategies. Cullen has settled dozens of multi-million-dollar IP claims for steep discounts or zero costs with NPEs and operating companies. He has successfully negotiated revenue generation licenses, including product manufacturing licenses, cross licenses, and entered numerous patents into patent pool licenses.
As the IP executive overseeing use of IP, Cullen has negotiated with many Fortune 50 companies on IP terms (IP ownership, indemnity, warranty, escrow, etc.) in many agreements, including in master purchase agreements (MPAs) and master supply agreements (MSA) worth billions of dollars. He successfully negotiated and drafted many joint development agreements, technology evaluation agreements, software license agreements, including SaaS agreements, university sponsorship agreements and trademark co-existence agreements. Cullen prepared company templates and training materials and trained other attorneys to negotiate IP terms in commercial agreements and licensing agreements.
Cullen provides in depth IP counseling and has established and implemented company strategies, policies and initiatives as Vice President of IP. He was integral in pursuing numerous multi-billion-dollar M&A’s, determining IP terms, survival of or extension/divestment of rights in licenses, and IP portfolio separation. Cullen created and managed legal budgets, invention disclosure systems and processes, and IP awards policies – resulting in a substantial increase in the IP portfolio. Cullen established and managed company open-source software (OSS) policies and the OSS review board, as well as mitigating OSS use claims – resulting in successful product launches and continued sales. He evaluated and completed many transactions purchasing or selling patents, and successfully performed portfolio mining – mining older portfolios to against newer technologies.
“I am excited to join the team at Panitch Schwarze and help clients secure the best possible protection and value for their intellectual property,” said Cullen. “Innovation is essential to business growth in the tech sector, and shrewdly navigating patent and copyright law is key to protecting innovation effectively. I look forward to using my insider knowledge to ensure our clients protect their innovations and are positioned for the best possible success in the dynamic marketplace.”
Before joining Panitch Schwarze, Cullen served as Vice President of a multi-billion-dollar world leader in broadband networks, content distribution and telehealth devices, specializing in many core technologies including: audio, video, compression, encryption, data management, virtual and augmented reality, AI, streaming, WiFi, security, broadband networks and networking, UIs, user customization generation engines, optics (PON, GPON), and telehealth devices. Cullen masterfully managed all aspects of IP generation, monetization, IP claims, indemnification, and technology agreements. His experience as a business insider ensures a full understanding of company concerns, including protecting product sales and margins, continual development of innovations and creating a path for success.
Cullen has supported many industry organizations, standard development organizations (including IEEE) and served as a board member of multiple patent pools, including OneBlue, HEVC, VVC, and HDMI Forum and owner representative for MPEG LA. He has also served as a former patent examiner for the United States Patent and Trademark Office and intern at the United States Copyright Office.
Cullen earned his J.D., cum laude, from Catholic University. He earned a bachelor’s degree in electrical engineering from Pennsylvania State University.
About Panitch Schwarze Belisario & Nadel LLP – Panitch Schwarze Belisario & Nadel LLP is a boutique intellectual property law firm with offices in Philadelphia, Wilmington, Delaware, and Alexandria, Virginia. The firm’s IP law practitioners provide strategic litigation, licensing and counseling services relating to patents, trademarks, copyrights and trade secrets, domain names and internet issues domestically and internationally. The firm’s long-standing relationships with a network of associates worldwide enable its attorneys and advisors to provide clients with global intellectual property advice and protection.
Contact: Sarah Larson
sarah@furiarubel.com / 215.340.0480
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SOURCE Panitch Schwarze Belisario & Nadel LLP
Technology
Johnson Controls Academy Doubles Training Capacity to Tackle National Skilled Building Systems Technician Shortage
Published
54 minutes agoon
November 18, 2024By
Expanded program will help Johnson Controls annually hire over 300 security and fire installation and service technicians across the U.S.Johnson Controls Academy provides six weeks of intensive training toward full-time employment The program addresses the growing market need for skilled workers in building systems
MILWAUKEE, Nov. 18, 2024 /PRNewswire/ — Johnson Controls (NYSE: JCI), a global leader in smart, healthy and sustainable buildings, is continuing to grow its industry-leading national workforce development initiative, the Johnson Controls Academy. This expansion, developed in partnership with Lincoln Tech (parent company Lincoln Educational Services), is designed to address the growing demand for skilled technicians in the installation, service and maintenance of building systems. Graduates of the program will be placed into service technician roles throughout the U.S.
The expanded program, hosted at Lincoln Tech’s Denver campus, will double the number of technicians trained through the JCI Academy, complementing the existing offering at Lincoln Tech’s Columbia, Maryland campus. The expansion is timely, as the industry faces a critical shortage of skilled building technicians, exacerbated by an aging workforce and the increasing complexity of building technologies. Illustrating this challenge, 46% of HR professionals in a recent report said they consider skilled trades positions “very difficult” to fill.
As businesses and municipalities increasingly prioritize upgrading and retrofitting their facilities to enhance efficiency, reliability, safety and comfort, the demand for a highly skilled workforce to manage, maintain and troubleshoot these complex building systems has never been greater. The inaugural graduating class at the Denver facility marks a significant milestone in addressing these critical workforce needs.
“Our goal with the Johnson Controls Academy is to train more than 300 new technicians each year, directly responding to the increasing demand in our industry,” said Julie Brandt, president of Building Solutions North America at Johnson Controls. “The program fills critical roles in the building industry, and fosters a diverse, innovative community that will drive sustainable, long-term impact.”
Both programs offer a six-week intensive training course designed to close the skilled labor gap and prepare future technicians for security and fire installation and service roles. They offer hands-on training, enhancing the foundational education of Lincoln Tech’s Electrical programs and preparing participants for real-life experiences in the field. On-site housing for the duration of the program and relocation expenses upon completion are supported by Johnson Controls. To ensure smooth onboarding, graduates of the Johnson Controls Academy receive support from a retention coach for one-year post-graduation.
“This partnership with Johnson Controls enables us to broaden our innovative training programs, providing graduates with hands-on experience and direct pathways to careers that align with market needs,” said Scott Shaw, president and CEO at Lincoln Tech. “We are proud to contribute to building a future-ready talent pool that ensures the efficient and sustainable operation of our building systems.”
The collaboration between Johnson Controls and Lincoln Tech began in 2018, enhancing classroom experiences with cutting-edge equipment and technology. Johnson Controls is dedicated to workforce development from the K-12 level and throughout employees’ careers. Through the partnership with Lincoln Tech and initiatives like the Community College Partnership Program, STEM 101 and HVAC learning labs, Johnson Controls equips schools with vital resources to develop smart, healthy and sustainable buildings, benefiting students along the way.
MEDIA CONTACT:
Kari Pfisterer
Direct: +1 414-217-1488
Email: kari.b.pfisterer@jci.com
About Johnson Controls
At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.
Building on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.
Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.
Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social Platforms.
About Lincoln Educational Services Corporation
Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults career-oriented programs in five principal areas of study: automotive technology, health sciences, skilled trades, information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946.
Lincoln currently operates 22 campuses in 13 states under four brands: Lincoln Technical Institute, Lincoln College of Technology and Euphoria Institute of Beauty Arts and Sciences. Lincoln also operates Lincoln Culinary Institutes in both Maryland and Connecticut.
For more information, go to lincolntech.edu.
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SOURCE Johnson Controls International plc
Technology
Medical Gas Blenders Market to Grow by USD 582 Million (2024-2028), Driven by Aging Population and Chronic Disease Prevalence, with AI Impacting Market Trends – Technavio
Published
54 minutes agoon
November 18, 2024By
NEW YORK, Nov. 18, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global medical gas blenders market size is estimated to grow by USD 582 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.42% during the forecast period. Growing geriatric population and rising prevalence of chronic diseases is driving market growth, with a trend towards increasing use of respiratory gas blenders in nicus. However, stringent regulations on design and manufacturing of medical gas blenders poses a challenge.Key market players include BioMed Devices, DEHAS Medical Systems GmbH, EKU Elektronik GmbH, ESAB Corp., Genstar Technologies Co. Inc., Guangdong Pigeon Medical Apparatus Co. Ltd., Halma Plc, HVS Oliver Hornla GmbH and Co. KG, Inspiration Healthcare Group Plc., MCQ Instruments, medin Medical Innovations GmbH, Ningbo David Medical Device Co. Ltd., Precision Medical Inc., S S Technomed P Ltd., Scanatron Technics AG, SHANGHAI AMCAREMED TECHNOLOGY Co. Ltd., TG Eakin Ltd., Weyer GmbH, WITT Gasetechnik GmbH and Co KG, and Zhengzhou Dison Instrument And Meter Co. Ltd..
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Medical Gas Blenders Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 5.42%
Market growth 2024-2028
USD 582 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
5.04
Regional analysis
North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution
North America at 37%
Key countries
US, Germany, China, Canada, and India
Key companies profiled
BioMed Devices, DEHAS Medical Systems GmbH, EKU Elektronik GmbH, ESAB Corp., Genstar Technologies Co. Inc., Guangdong Pigeon Medical Apparatus Co. Ltd., Halma Plc, HVS Oliver Hornla GmbH and Co. KG, Inspiration Healthcare Group Plc., MCQ Instruments, medin Medical Innovations GmbH, Ningbo David Medical Device Co. Ltd., Precision Medical Inc., S S Technomed P Ltd., Scanatron Technics AG, SHANGHAI AMCAREMED TECHNOLOGY Co. Ltd., TG Eakin Ltd., Weyer GmbH, WITT Gasetechnik GmbH and Co KG, and Zhengzhou Dison Instrument And Meter Co. Ltd.
Market Driver
The Medical Gas Blenders Market is experiencing significant growth due to the increasing number of surgical procedures, driven by diseases such as cancer in the elderly population. Anesthesia delivery machines require a precise flow of gases like oxygen and nitrous oxide for controlled anesthesia during surgery. Manual handling of gases is being replaced by automated handling and electronic control systems. The gas blending system, breathing system, ventilating system, and gas exhaust system are essential components of anesthetic devices. Oxygen, nitrous oxide, and other anesthesia gases are in high demand in hospitals and Ambulatory Surgical Centers. The VMR industry report provides forward-looking analysis and actionable data on gas flows, automated processing, and information management systems. Electronic gas mixing and gas monitoring ensure patient safety and respiratory monitoring. Self-inspection and data systems facilitate efficient gas source management. Outpatient surgeries, hernia operations, hip replacements, and knee replacements are common procedures that utilize medical gas blenders. Chronic conditions, heart surgeries, brain surgeries, lung surgeries, orthopaedic surgeries, gastrointestinal surgeries, inhalable anesthetics, intravenous anesthesia, and cosmetic procedures all require anesthetic devices. Emerging economies and the geriatric population’s adoption of these technologies are key growth drivers. Electric power is a critical factor in the functioning of these devices. The market pitches, business plans, presentations, and proposals highlight the importance of these trends in the medical industry. Sample VMR reports are available with discounts.
The medical gas blenders market is witnessing significant growth due to the increasing demand for respiratory gas blenders in healthcare facilities. Neonates and infants, particularly those born prematurely, require additional oxygen to breathe properly after birth. The use of medical gas blenders ensures the delivery of precise oxygen mixtures to these patients, preventing potential brain damage or even death. Vendors, such as Ohio Medical, provide reliable and advanced gas blenders, including the NEO2 blend and low-flow models, designed for Neonatal Intensive Care Units (NICUs), ensuring accurate gas mixing for optimal patient care.
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Market Challenges
The Medical Gas Blenders Market faces several challenges in the healthcare industry. Diseases such as lung cancer, breast cancer, and prostate cancer require various surgical procedures, leading to an increased demand for anesthesia delivery machines and controlled anesthesia gases like oxygen and nitrous oxide. Manual handling of gases and knob adjustments in anesthetic devices can lead to errors. Electronic control and automated handling are solutions, but cost and self-inspection requirements add complexity. The VMR industry report highlights the importance of gas source, gas blending system, breathing system, ventilating system, gas exhaust system, data system, and electronic gas mixing for efficient gas monitoring and respiratory monitoring. Adoption of automated processing for air/oxygen and melting gas is increasing in Ambulatory Surgical Centers, Hospitals, and OECD countries. Emerging economies, geriatric population, and outpatient surgeries present growth opportunities. Electric power reliability and cost are key considerations. The market pitches, business plans, presentations, and proposals must address these challenges and provide actionable data and forward-looking analysis. Types of cancer, surgical admissions, and chronic conditions like heart and brain surgeries, hernia operations, hip replacement, and knee replacement drive demand for anesthesia gases and anesthetic devices. Inhalable anesthetics and intravenous anesthesia are alternatives. Medical practitioners and cosmetic procedures also utilize medical gas blenders. Medical tourism is a growing trend.Medical gas blenders are essential devices used in healthcare settings to deliver oxygen and heliox therapy, as well as life support in Intensive Care Units (ICUs) and emergency situations. The design and manufacturing of these devices are subject to stringent regulations to ensure safety and effectiveness. In Europe, medical gas blenders must comply with the Medical Device Directive (MDD), Directive 2007/47/EC, and Council Directive 93/42/EEC. Additionally, the oxygen used in medical gas blenders must meet regulatory standards, such as those set by the American National Standards Institute (ANSI) Z86 in the US. The production, handling, manufacturing, control, and distribution of medicinal oxygen are subject to rigorous regulations to maintain quality and safety.
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Segment Overview
This medical gas blenders market report extensively covers market segmentation by
End-user 1.1 Hospitals1.2 Ambulatory surgical centers1.3 Pharmaceuticals1.4 Homecare settings1.5 Academic and research institutionsProduct 2.1 Dual flow2.2 Tube flowGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)
1.1 Hospitals- The hospital segment led the global medical gas blenders market in 2023, driven by the increasing patient population and subsequent demand for medical gas blenders. These devices are essential for delivering precise oxygen concentrations and flows to patients with hypoxic conditions. Medical gas blenders play a vital role in hospital care by enabling healthcare professionals to administer oxygen safely and accurately. With patient safety being a top priority, medical gas blenders are indispensable tools for ensuring optimal oxygen level monitoring. Consequently, the growing need for medical gas blenders in hospitals will fuel market expansion throughout the forecast period.
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Research Analysis
The Medical Gas Blenders Market refers to the production and supply of devices used for blending and delivering anesthesia gases for surgical procedures. These gases, including oxygen and nitrous oxide, are essential for controlled anesthesia during surgery. Manual handling of gases using knobs on anesthesia delivery machines has evolved to electronic control and automated handling for improved precision and safety. Gas blending systems ensure accurate mixing of anesthesia gases from various gas sources. The breathing system delivers gases to the patient, while the ventilating system assists in breathing. Gas exhaust systems remove waste gases, and data systems monitor gas flow, oxygen levels, and patient vitals. Electronic gas mixing and gas monitoring ensure safe and efficient delivery of anesthesia gases. Regular self-inspection is crucial to maintain the functionality and safety of medical gas blenders.
Market Research Overview
The Medical Gas Blenders Market is a critical segment of the healthcare industry, supplying essential gases for various medical applications, including surgical procedures and anesthesia delivery. Diseases such as lung cancer, breast cancer, prostate cancer, and chronic conditions necessitate surgeries, leading to an increased demand for medical gases. Elderly populations in emerging economies and the growing number of outpatient surgeries in Ambulatory Surgical Centers and Hospitals are significant factors driving market growth. Medical Gas Blenders are used to blend and deliver anesthesia gases, including oxygen, nitrous oxide, and other anesthetic gases, in controlled quantities. These systems consist of a gas source, gas blending system, breathing system, ventilating system, gas exhaust system, data system, and electronic gas mixing with gas monitoring and respiratory monitoring. Manual and electronic control options are available, with automated handling and self-inspection features. The VMR Industry Report provides forward-looking analysis, actionable data, and pitches, business plans, presentations, and proposals for investors and industry professionals. The report covers gas flows, automated processing, air/oxygen, melting gas, and various types of surgeries, including hernia operations, hip replacements, knee replacements, heart surgeries, brain surgeries, lung surgeries, orthopaedic surgeries, gastrointestinal surgeries, inhalable anesthetics, intravenous anesthesia, and cosmetic procedures. The adoption of electronic control and automated handling in medical gas blenders is increasing due to their advantages over manual handling, including improved accuracy, safety, and efficiency. The market is expected to grow significantly due to the increasing number of surgical admissions, electric power usage, and the geriatric population’s rising healthcare needs. OECD statistics indicate that surgical procedures accounted for over 50% of all healthcare spending in 2019. In conclusion, the Medical Gas Blenders Market is a vital sector of the healthcare industry, providing essential gases for various medical applications, and its growth is driven by demographic and technological factors.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-userHospitalsAmbulatory Surgical CentersPharmaceuticalsHomecare SettingsAcademic And Research InstitutionsProductDual FlowTube FlowGeographyNorth AmericaEuropeAsiaRest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/medical-gas-blenders-market-to-grow-by-usd-582-million-2024-2028-driven-by-aging-population-and-chronic-disease-prevalence-with-ai-impacting-market-trends—technavio-302308022.html
SOURCE Technavio
Panitch Schwarze Hires Executive Technology Attorney
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Medical Gas Blenders Market to Grow by USD 582 Million (2024-2028), Driven by Aging Population and Chronic Disease Prevalence, with AI Impacting Market Trends – Technavio
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