Global Medical Gases and Equipment Market Research Report: by Product (Medical Gases, Medical Gas Mixtures, Medical Gas Equipment), Application (Therapeutic, Diagnostic, Pharmaceutical Manufacturing & Research), End User (Hospital) - Forecast Till 2023
Market Scenario:
Medical gases are the life-saving element that provides direct influence in maintaining the life of patients. Medical gas equipment are the supply systems used by hospitals & clinics, academic & research institutions, pharmaceutical & biotechnology industries to create or distribute medical gases in the piping system. Few of the market growth factors are globally growing geriatric population coupled with increasing prevalence of chronic diseases, the presence of favorable government initiatives such as industry-friendly safety, and rising demand for point of care products & home healthcare. The Centers for Disease Control and Prevention (CDC) reported that, in the US, 6 in 10 adults have a chronic disease and 4 in 10 adults have two or more chronic diseases such as heart disease, cancer, chronic lung disease, stroke, diabetes, and chronic kidney disease (CKD).
Market Research Future (MRFR) projects the global medical gases and equipment market growth up surging with a robust 7.5% CAGR over the forecast period, according to a new report. The global medical gases and equipment market was valued at USD 13 bn in 2017 and is expected to exhibit stable growth over the forecast period due to the growing medical gases and equipment market demand in various medical and research institutions.
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The growing geriatric population and the growing prevalence of chronic respiratory diseases is also likely to be a major driver for the global medical gases and equipment market over the forecast period, as medical gases are majorly used in the treatment and management of chronic respiratory diseases. The rising demand for home healthcare is also likely to be a major driver for the global medical gases and equipment market over the forecast period. Increasing government support to initiatives enhancing the healthcare sector’s operations is also likely to be a major driver for the global medical gases and equipment market over the forecast period.
Key players:
Atlas Copco, Air Liquide, Praxair Technology, Inc., Airgas, Inc., Messer Group GmbH, AB Matheson Tri-Gas, Inc., The Linde Group, TAIYO NIPPON SANSO CORPORATION, Amico Corporation, SCI Analytical, SOL S.p.A., Rotarex SA, GCE Holding AB, Air Products and Chemicals, Inc., and Matheson Tri-Gas, Inc. are some of the prominent players in the global medical gases and equipment market.
Segmentation:
The Global Medical Gases And Equipment Market has been segmented into product, application, and end user.By product, the market has been segmented into medical gases, medical gas mixtures, and medical gas equipment. The medical gases segment has been further categorized into nitrogen gas, nitrous oxide gas, oxygen gas, carbon dioxide gas, helium gas, and medical air. The medical gases segment spearheaded the market in 2017 owing to worldwide increasing patient hospitalization and a surge in the number of patients suffering from respiratory diseases.The medical gas mixtures segment is further categorized into medical laser gas mixtures, medical drug gas mixtures, sterilant gas mixtures, lung diffusion mixtures, blood gas mixtures, aerobic gas mixtures, anaerobic gas mixtures, and breathing zone monitoring calibration standard. The medical gas equipment is further categorized into air compressors, vacuum systems, flow meters, cylinders, alarm systems, masks, and others (manifolds, regulators, and outlets).
On the basis of application, the market has been segmented into therapeutic applications, diagnostic applications, pharmaceutical manufacturing & research, and others. The therapeutic applications segment is further categorized into respiratory therapies, cardiovascular therapies, anesthesia delivery, and others.Based on end user, the market has been segmented into hospitals & clinics, academic & research institutions, pharmaceutical & biotechnology companies, and home healthcare.The Global Medical Gases And Equipment Market has been segmented by region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The medical gases and equipment market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European Medical Gases And Equipment Market has been segmented into Western Europe and Eastern Europe. The Western Europe Medical Gases And Equipment Market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.The Medical Gases And Equipment Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The medical gases and equipment market in the Middle East & Africa has been segmented into the Middle East and Africa.
Regional Market Summary
Geographically, the Americas is expected to dominate the global medical gases and equipment market due to the domicile of key market participants, the presence of sophisticated healthcare infrastructure and target population, and growing elderly population & prevalence of chronic diseases such as diabetes, cancer, asthma, respiratory diseases, cardiovascular diseases, and other non-communicable diseases. Europe is also likely to hold substantial market share over the forecast period owing to the presence of various associations, namely, the MGA (Medical Gas Association) and EIGA (European Industrial Gases Association), and federations such as the European Federation of Precision Mechanical and Optical Industries EUROM.
The market in Asia-Pacific is expected to exhibit the fastest growth during the forecast period attributed to the presence of large population base in countries like China & India, improving healthcare infrastructure coupled with rising spending on healthcare. The medical gases and equipment market in the Middle East & Africa would register the modest market growth rate from 2018 to 2023. Majority of the regional market is anticipated to be governed by the Middle East region due to increasing healthcare sector reforms.
Industry Updates:
In February 2019, Kitajima Sanso built a new medical oxygen filling plant in Myanmar. The plant is expected to begin operations in December 2019.
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The report gives detail analysis of the “Medical Gases and Equipment Market” structure along with forecast, market size & share, different segments and developing trends of the industry.Medical Gases and Equipment Market Highlights:The Global Medical Gases and Equipment Market held a market value of USD 13.0 billion in 2017 and is projected to grow at a CAGR of 7.5% over the forecast period.
Medical gas equipment are the supply systems used by hospitals & clinics, academic & research institutions, pharmaceutical & biotechnology industries to create or distribute medical gases in the piping system.
Few of the market growth factors are globally growing geriatric population coupled with increasing prevalence of chronic diseases, the presence of favorable government initiatives such as industry-friendly safety, and rising demand for point of care products & home healthcare.
The Centers for Disease Control and Prevention (CDC) reported that, in the US, 6 in 10 adults have a chronic disease and 4 in 10 adults have two or more chronic diseases such as heart disease, cancer, chronic lung disease, stroke, diabetes, and chronic kidney disease (CKD)Read more news on: https://www.medgadget.com/2019/06/medical-gases-and-equipment-market-2019-propelled-with-cagr-of-7-5-by-prevalence-of-chronic-diseases-in-north-america-europe-confirms-mrfr.htmlMedical Gases and Equipment Market Regional Analysis:The Global Medical Gases and Equipment Market has been segmented by region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Europe will hold the second largest market position over the forecast period due to flourishing growth in medical device industry and the presence of medical gas associations, viz.
The Middle East & Africa has the least share of the global medical gases and equipment market.
Medical Gases And Equipment Market Report published by value market research, it provides a comprehensive market analysis which includes market size, share, value, growth, trends during forecast period 2020-2026 along with strategic development of the key player with their market share.
Further, the market has been bifurcated into sub-segments with regional and country market with in-depth analysis.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the medical gases and equipment market include Air Liquide, Air Products And Chemicals Inc., Amico Group Of Companies, Atlas Copco, Beaconmedaes, Flogas, Matheson Tri-Gas Inc., Messer Group Gmbh, Taiyo Nippon Sanso Corporation and The Linde Group among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Medical Gases And Equipment Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/medical-gases-and-equipment-market/download-sampleMarket DynamicsThe rise in chronic pulmonary diseases such as COPD, asthma, dyspnea, and others, increasing prevalence of tobacco smokers along with growing count of aged population is driving the market growth.
On the counter side, decreasing federal reimbursement policies for chronic pulmonary disease treatments will curb the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
Recently published a report entitled Medical Gases And Equipment Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad medical gases and equipment market has been sub-grouped into product and end-user.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Medical Gases And Equipment Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/medical-gases-and-equipment-market/download-sampleBy ProductMedical GasesPure Medical GasesOxygen Gas Nitrous Oxide Gas Nitrogen Gas Carbon Dioxide Gas Helium Gas Other Gases Medical Gas MixturesCarbon Dioxide and Oxygen Mixture Helium and Oxygen Mixture Nitrous Oxide and Oxygen Mixture Other Medical Gas Mixtures Biological AtmosphereMedical Gas EquipmentCompressors Cylinders Hose assemblies and valves Manifolds Masks Vacuum Systems Other Medical Gas Equipment By End-UserHospitals Ambulatory Care Other End UsersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the medical gases and equipment market include Air Liquide, Air Products And Chemicals Inc., Amico Group Of Companies, Atlas Copco, Beaconmedaes, Flogas, Matheson Tri-Gas Inc., Messer Group Gmbh, Taiyo Nippon Sanso Corporation and The Linde Group among others.
The Medical Gases And Equipment Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the medical gases and equipment market include Air Liquide, Air Products And Chemicals Inc., Amico Group Of Companies, Atlas Copco, Beaconmedaes, Flogas, Matheson Tri-Gas Inc., Messer Group Gmbh, Taiyo Nippon Sanso Corporation and TheLinde Group among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Medical Gases And Equipment Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/medical-gases-and-equipment-market/download-sampleMarket DynamicsThe rise in chronic pulmonary diseases such as COPD, asthma, dyspnea, and others, increasing prevalence of tobacco smokers along with growing count of aged population is driving the market growth.
On the counter side, decreasing federal reimbursement policies for chronic pulmonary disease treatments will curb the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
The report “Medical Gas and Equipment Market by Type (Oxygen, Nitrous Oxide, Carbon Dioxide, Gas Mixture, Vacuum System, Manifold, VIPR, Hose) Application (Respiratory, Anesthesia, Medical Imaging, Cryosurgery) End User (Hospital, Home Healthcare) – Forecast”, the medical gas market is expected to reach USD 14.83 billion in 2018 to USD 20.04 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period.The medical gas and equipment market has evolved significantly owing to various technological advancements.
Factors such as increasing prevalence of chronic diseases, increasing incidence of respiratory diseases as a result of the high prevalence of tobacco use and rising pollution levels, rapid growth in the geriatric population, rising incidence of preterm births, and growing demand for home healthcare are expected to drive market growth in the coming years.
Market expansion in emerging countries across APAC and technological advancements are also expected to present a wide range of opportunities for players in the market.Request Research Sample Pages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=217979261Growth Driver: Increasing prevalence of chronic diseases;With changes in lifestyle and eating habits, the number of people suffering from obesity and related disorders across the globe has increased significantly in the last few years.
The global prevalence of obesity nearly tripled between 1975 and 2016 According to the WHO, in 2016, more than 1.9 billion adults (18 years and older) were reportedly overweight, globally.
Additionally, in 2016, ~340 million children and adolescents aged 5–19 were found to be overweight/obese across the globe.Obesity is regarded as one of the major factors responsible for the increasing prevalence of chronic disorders, including heart disorders and diabetes.
The WHO has stated that in the last two decades, there has been a significant increase in the prevalence of diabetes, heart diseases, and other non-communicable diseases, globally.
