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Medical Gases and Equipment Market

Global Medical Gases and Equipment Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Type (Medical Gas and Medical Equipment), by Application (Therapeutic, Diagnostic, Pharmaceutical Manufacturing & Research, and Others), by End User (Hospital, Home Healthcare, Emergency Service, Pharmaceutical Industry and Academic & Research Institute)

Published: June 2016
Report Code: LS10565
Available Format:
Pages: 282
Category : Healthcare

The global medical gases and equipment market accounted for revenue of $12,607.2 million in 2015, and it is expected to grow at a CAGR of 8.0% during the forecast period. Based on end user, the home healthcare segment is expected to witness the fastest growth, a CAGR of 8.4% during the forecast period.

Medical gases are the lifesaving system in the hospitals, which enables healthcare professionals to provide better and safer patient care. Nitrogen, oxygen, medical air, carbon dioxide and nitrous oxide are some of the medical gases used in hospitals. These medical gases are used for various applications.

 

GLOBAL MEDICAL GASES AND EQUIPMENT MARKET, BY APPLICATION, $M (2012-2022)

Medical Gases and Equipment Market

Medical air is a clean supply of compressed air used in hospital and healthcare facilities to distribute medical gas. In addition, oxygen is a medical gas, which is required in healthcare facility for inhalation therapy and resuscitation. Moreover, carbon dioxide is used in sulfating medical gas for less invasive surgeries. Nitrogen medical gas is used for removal of cancers and skin lesions.

Based on type the market is segmented into medical gas and medical gas equipment. The medical gas market is further segmented into pure medical gas and medical gas mixture. The pure medical gas is further segmented into oxygen, nitrous oxide, medical air, nitrogen, carbon dioxide, and helium. The medical gas mixture is further segmented into blood gas mixture, nitrous oxide-oxygen, carbon dioxide-oxygen, aerobic, anaerobic, laser gas, helium oxygen, and ethylene oxide. In addition, the medical gas equipment market is further segmented into medical gas accessories, medical gas delivery system and medical oxygen concentrator. The medical gas accessories are further segmented as vacuum system, manifolds, alarm system, flow meter, hose, mask, regulator, outlets and others

The global medical gases and equipment market is growing at a significant rate, due to growing geriatric population, increasing prevalence of respiratory diseases, and increasing prevalence of lifestyle associated diseases. In addition, the technological advancement, and increasing demand for home healthcare are also driving the growth of the global market. However, the restraints associated with the growth of the global medical gases and equipment market includes shortage of helium and change in medical gas calibration standards.

Geographically, North America is expected to maintain its dominance in the global market of medical gases and equipment during the forecast period. This is due to implementation of the U.S. Food and Drug Administration Safety and Innovation Act, and increasing demand for home healthcare in the region. The growing geriatric population and increasing healthcare expenditure are also further driving the growth of the North American medical gases and equipment market.

The European medical gases and equipment market is growing mainly due to increasing prevalence of lifestyle associated diseases, growing geriatric population and increasing prevalence of respiratory diseases. However during the forecast period, the medical gases and equipment market is expected to witness the fastest growth in Asia-Pacific. This is due to the growing geriatric population, increasing healthcare expenditure, improving healthcare infrastructure, increasing prevalence of lifestyle associated diseases, increasing prevalence of respiratory diseases and large pool of patients.

Some of the key companies operating in the global medical gases and equipment market include Air Products and Chemicals Inc., Linde Group, Air Liquide, Medical Gas Solutions, BeaconMedaes, Matheson Tri-Gas Inc., Taiyo Nippon Sanso Corporation, and Praxair Technology Inc.

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