This has fueled the anesthesia CO2 absorbent industry . Hospitals expansion and investments in modern infrastructure have helped the medical institutions in establishing grass root level medical networks . The European Investment Bank announced a financial aid of USD 150.9 million towards the establishment of Midland Metropolitan Hospital in Great Britain . This healthcare center is anticipated to provide services to patients related to trauma and accident . It aims at establishing itself as the biggest emergency department in the UK .
Segmentation is done on the basis of product used which includes Medisorb , Dragersorb , Amsorb , Litholyme and Soda Lime . The majority of the market share is being captured by Medisorb , Amsorb and Dragersorb . These products are widely used on account of their superior characteristic over the counterparts . Products including SpiraLith have been showing a steady penetration in the market in recent years . Similarly , this kind of newer formulations is expected to change the market scenario in the near future . Medisorb has been dominating the market and it is expected to continue its lead over the forecast period on account of its vast network and product goodwill .
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Around one-fourth of the market share is held by Medisorb . Amsorb follows the demand and has shown a tremendous increase in recent years . Amsorb plus , a product from the Amsorb segment has been manufactured to eliminate toxic products formation which includes carbon monoxide and compound A . This kind of initiative by the manufacturers offers great opportunities for the growth of Amsorb segment . Manufacturers are continuously focusing on prevention of fatal compound formation and thereby enhancing the absorption rate during the surgical process . This is achieved through continuous evolution and new absorbent formulations . Heavy investments by the manufacturing organisations in the field of research and new product development are expected to propel the market growth in near future . The industry is segmented on the basis of geography as into North America ( the U . S ., Canada , and Mexico ), APAC ( China , Japan , and India ), Europe ( Germany , the U . K ., and France ), Middle East and Africa and Latin America . North America dominates the anesthesia CO2 absorbent industry with approximately one-third global share . The primary reason for the dominance is developed healthcare sector and supportive government initiatives . Countries including the U . S and Canada have observed increasing flow of patients on account of medical tourism . Patients from around the globe have been glowing in the U . S on account of superior medical treatment and advanced surgery techniques .
Regional demand is followed by Asia-Pacific on account of increasing private medical institutions . Governments in emerging economies including India , China and South Korea have been focusing on improving the health care facilities to raise the human development index . Europe has been showing a steady growth mainly on account of superior health care facilities coupled with government support and awareness . South America and Africa