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Nitrous Oxide (NO) gas is used during sedation dentistry to
provide pain-free procedure and reduce the risk of accidental injury. It is
more commonly known as laughing gas, nitrous oxide, or laughing gas. Nitrous
oxide can be administered either as a liquid or a solid solution. In dentistry,
it has been used to relieve toothache by slowing down the nerve impulses that
provide sensation to the patient and therefore minimize the pain. It may also
be used to increase the oxygenation of the brain through stimulation of the
blood vessels, thus decreasing the feelings of unconsciousness which usually
precede unconsciousness.
Market Dynamics
High prevalence of dental disorders is expected to propel growth of
nitrous
oxide market. For instance, according to the Centers for Diseases Control
and Prevention’s Oral Health Surveillance Report, 2019, the prevalence of
untreated tooth decay in primary teeth was 10% among children aged 2–5 years
and 16% among those 6–8 years during 2011-2016. Moreover, increasing geriatric
population is also expected to aid in growth of the market. For instance, according
to the U.S. Census Bureau, the U.S. geriatric population is expected to reach
77 million by 2034.
Increasing number of dentist visits is expected to offer lucrative
growth opportunities for players in the nitrous oxide market. For instance, according
to National Center for Health Statistics’ 2018 report, 84.9% of children aged
2-17 years visited a dentist in 2017, in the U.S.
However, use of NO contributes to global warming, which is
expected to hinder growth of nitrous oxide market.
Among regions, Asia Pacific is expected to witness significant
growth in the nitrous oxide market, owing to increasing number of surgeries.
For instance, according to Australian Institute of Health and Welfare’s
Hospitals at a glance 2017–18 report updated in August 2019, admissions for
emergency surgery increased between 2016-2017 and 2017-2018 by 2.9% in public
hospitals and by 5.1% in private hospitals in Australia.
Competitive Analysis
Major players operating in the nitrous oxide market include,
Airgas, Inc., IGL Blue Jamaica, and Praxair.
Major players operating in the nitrous oxide market are focused on
adopting M&A strategies to enhance their market share. For instance, in
March 2019, Air Liquide announces that Airgas has completed the acquisition of
TA Corporate Holdings, Inc. (“Tech Air”), a large independent distributor of
industrial gases and welding supplies serving various geographies in the United
States.
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