The Global Medical Gases Market is accounted for USD 13.58 billion in 2016 growing at a CAGR of 8.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Medical gases including nitrous oxide, nitrogen/surgical air, carbon dioxide, oxygen/nitrous oxide, are used in various healthcare facilities.
Some of the major players operating in global medical gases market are Air Products and Chemicals, Inc., The Linde Group, Taiyo Nippon Sanso Corp., SOL-SpA, Airgas, Inc., Air Liquide, Praxair, Inc., Atlas Copco, Messer Group, GCE Holding AB among others.
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Major Market Drivers and Restraints:
- Increasing prevalence of lifestyle diseases
- Increasing incidences of respiratory diseases
- Rising geriatric population
- Growing home healthcare market
- Declining federal reimbursements for respiratory therapies
Market Segmentation: Global Medical Gases Market
By gases, global medical gases market is segmented into oxygen, nitrogen, nitrous oxide, helium and medical gas mixture.
Medical gas mixture is further segmented into Blood-Gas Mixtures, Lung Diffusion Mixtures, Carbon Dioxide–Oxygen Mixtures, Nitrous Oxide–Oxygen Mixtures, Laser-Gas Mixtures, Aerobic Gas Mixtures, Anaerobic Gas Mixtures, Ethylene Oxide and Helium-Oxygen Mixtures.
On the basis of delivery mode, global medical gases market is segmented into high pressure cylinders, liquid cylinders and bulk delivery.
On the basis of equipment, global medical gases market is segmented into cryogenic products, oxygen concentrators, gas delivery systems and equipment accessories.
Equipment accessories is further sub segmented into hoses, manifolds, regulators, flowmeters, suction regulators, vacuum systems, outlets and monitoring systems.
On the basis of application, global medical gases market is segmented into therapeutic applications, pharmaceutical manufacturing & research, diagnostic applications and other.
Therapeutic Applications is further segmented into respiratory diseases, cardiovascular diseases, anesthesia, cryosurgery and others.
Pharmaceutical Manufacturing & Research is further sub segmented into drug discovery, pharmaceutical manufacturing, process development and quality control.
Diagnostic Applications is further segmented into medical imaging and general laboratory use.
On the basis of end user, global medical gases market is segmented into hospitals, home healthcare, pharmaceutical and biotechnology companies, academic and research institutions, emergency service providers.
On the basis of geography, global medical gases market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis: Global Medical Gases Market
The global medical gases market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical gases for global, Europe, North America, Asia Pacific and South America.
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