Global Medical Gases Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

“Global Medical Gases Market Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global medical gases market report has been segmented on the basis of product, equipment, end user, and region.

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Global Medical Gases Market: Introduction

Medical gas is pharmaceutical gaseous molecules which offer solutions to medical needs. Gases are an essential part of modern medicine. Gases assist with respiration and anaesthesia, allow specialists to study the functioning of the lungs and cardiovascular system, and are essential tools in diagnosis and cryosurgery. Medical gas is clean and contamination free gases used in hospitals and healthcare facilities. The medical gases used in a hospital are life-supporting element that gives direct influence in maintaining the life of a patient. Medical gases are used to synthesize, sterilize, or insulate processes or products which contribute to human health and also inhaled by patients in a technique known as gas therapy. Medical gases are provided by licensed manufacturers and the gases provided must meet the quality controls which have been established by a jurisdiction's prescription drug regulating agency.

Global Medical Gases Market: Dynamics

Increasing prevalence of respiratory diseases are the major driving factors of the global medical gases market. According to Global Burden of Disease Study reports 2016, prevalence of 251 million cases of chronic obstructive pulmonary disease (COPD). In addition, increasing number of hospitalizations, rising demand for home healthcare, increasing point of care diagnostics, growing ageing population, increasing incidence of chronic disease, changing lifestyle are the factors fuelling the demand for medical gases. Factors such as change in the medical gas calibration standards, declining federal reimbursement for respiratory therapies, and stringent government rule and regulation are expected to hinder the market growth of medical gases.

The prominent players in the medical gas market are focusing on strategic partnership or collaboration to reach masses and expand their presence in the global medical gases market.

Global Medical Gases Market: Segment Analysis

Among the end user segments, the hospitals segment is expected to account for significant revenue share in the global market, owing to increasing number of patient footfalls in the hospitals.

Global Medical Gases Market: Region Analysis

The market in North America currently dominates the medical gases market owing to high prevalence of patients with respiratory disorders, and growing aging population. According to Centers for Diseases Control and prevention, in 2017 almost 16 million Americans has been diagnosed with COPD. Asia Pacific medical gas market is the emerging region due to attributed to increasing healthcare awareness, rising healthcare expenditures, growth in the aging population, and growth in per capita income.

Global Medical Gases Market Segmentation:

On the basis of product:

• Medical pure gases
• Oxygen gases
• Carbon dioxide gases
• Nitrogen gases
• Helium gases
• Medical gases mixture
• Blood gas mixtures
• Laser gas mixtures
• Carbon dioxide-oxygen mixtures
• Others (includes, Lung diffusion mixtures, Helium-oxygen mixtures, Ethylene oxide)
• Biological Atmospheres
• Aerobic gas mixtures
• Anaerobic gas mixtures

On the basis of equipment:

• Air Compressors
• Masks
• Vacuum Systems
• Manifolds
• Outlets
• Valves
• Other (include, Alarm Systems, Cylinders, Flow meters and regulators)

On the basis of end user:

• Hospitals
• Home Healthcare
• Emergency Services
• Pharmaceutical Industry
• Academic & Research Institutions

On the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Taiyo Nippon Sanso Corp.
• Praxair, Inc.
• Atlas Copco AB
• Air Products and Chemicals, Inc.
• The Linde Group
• SOL-SpA
• Airgas, Inc.
• Air Liquide
• Messer Group
• GCE Holding AB