The usage of anaesthesia gas scavenging systems is being promoted in large part because to government laws regarding workplace safety. For instance, the Occupational Safety and Health Act mandates that businesses adhere to safety and health requirements that are tailored to particular hazards. According to Section 5(a)(1), the General Duty Clause of the Act of Occupational Safety and Health Administration 1970, employers are also required to provide their workers with a workplace free of known dangers that could result in death or significant physical harm.
From 2022 to 2030, the market for Anaesthetic Gas Scavenging Systems is anticipated to expand at a CAGR of 5.5%.
Prominent Players in the Anesthesia Gas Scavenging System Industry:
1. Midmark Corporation: Morristown, New Jersey-based MidMark Capital was a private equity company that was established in 1989. The company favours investing in the fields of manufacturing, retail, distribution, and services. Mason (Jun 2019), Versus Tech (Apr 2016), and Janak Healthcare (Feb 2009) are the most recent acquisitions.
2. Megasan Medikal: Based in India and founded in 2014. a company located in India that offers analytical testing services to pharmaceutical and related companies. The company's services span the pharmaceutical and packaging industries and include elemental impurity studies, E&L studies, method development & validation, and microbiological testing to ensure that all materials and products are uniform, of marketable quality, are in compliance with all applicable industry standards & regulations, and are ultimately fit for purpose.
3. Atlas Copco AB: Located in Stockholm, Sweden, and established in 1872. A leader in air compression technology with 140 years of experience is Atlas Copco, a Swedish corporation. With a market share of almost 25%, the firm is still the top producer of air compressors in the world today. Power tools and hoover pumps are included in the company's product line. The vacuum pump demand is significantly influenced by the semiconductor chip cycle. Initial equipment sales, the sale of spare parts, and maintenance are the three areas where the business makes money. 180 nations are served by its operations. Chinese maker of liquid ring pumps and systems is now owned by Atlas Copco.
4. Millennium Medical Products: Based in the United States and founded in 1998. Owner of a commercial healthcare-focused employee benefits consulting firm. The company uses technology and enterprise relationships to help small businesses (SMBs) shop, compare, and find the best platform for their unique needs. It also gives employees access to their plan designs, physician locators, and access forms, delivering rich levels of benefits by finding ways to re-insure customers and identifying market inefficiencies.
5. BGS General Srl: Headquartered in the United States and founded in 1996. Supplier of materials for crafts. The business provides screen printing, embroidery services, embroidery machines, sewing thread, sewing needles, and other associated goods and services.
6. Hugo Sachs Elektronik: Located in the European Union (EU), founded in 1960. Hugo Sachs is the industry leader in the development, production, and distribution of perfusion systems, as well as the related hardware and software solutions, which are largely utilised in pharmacology, cardiology, and physiology for the testing of novel medications.
7. Smiths Medical: Based in the United States and founded in 1940. Medical device producer situated in Minneapolis, Minnesota. Anaesthesia breathing circuits, masks, endotracheal tubes, laryngeal masks, replacement catheters for embryos, insulin technology systems, drainage systems, infusion disposable systems, interventional imaging, pressure monitoring systems, sharps safety devices, fast flow fluid warmers, peripheral I.V. catheters, and transport ventilators are all products offered by the business. Smiths Medical has been fully acquired by ICU Medical Inc. (NASDAQ: ICUI) from Smiths Group plc (LSE: SMIN.L).
*Definition: The Anaesthetic Gas Scavenging System (AGSS) is a system that actively removes anaesthetic gas mixtures from operating theatres and any other areas fitted with nitrous oxide terminal units.
