Medical Gases Market will Reach till USD 19.96 billion by 2021, Growing at Rate of 8.0%

In 2015, the medical gases segment accounted for the largest share of the medical gases and equipment market. The large share of this segment is majorly attributed to the high use of medical gases market for various respiratory and cardiovascular diseases in hospitals as well as home healthcare setups. On the basis of end user, the home healthcare segment is expected to grow at the highest CAGR, owing to the rising preference of patients to treat themselves at home.

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In 2015, North America accounted for the largest share of the global medical gases market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest-growing region during the forecast period, owing to the increasing healthcare awareness, growth in the aging population, rising healthcare expenditures, and growth in per capita income.

The global medical gases market is poised to reach USD 19.96 billion by 2021 from USD 13.58 billion in 2016, at a CAGR of 8.0% during the forecast period. The market is primarily driven by the implementation of the U.S. Food and Drug Administration (FDA) Safety and Innovation act, increasing prevalence of respiratory diseases, growing home healthcare market, rising aging population, rapid urbanization, and high prevalence of tobacco smoking.

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In this report, the medical gases market is segmented on the basis of product, application, end user, and region. On the basis of product, the market is segmented into pure gases, medical gas mixtures, and medical gas equipment. The pure gases segment is further categorized on the basis of type and form of delivery. The medical gas equipment segment is categorized into equipment accessories, oxygen concentrators, gas delivery systems, and cryogenic products (freezers). The medical gases market, by application, is segmented into therapeutic, diagnostic, pharmaceutical manufacturing and research, and other applications.

Some key players in this market include Air Products and Chemicals, Inc. (U.S.), The Linde Group (Germany), Praxair, Inc. (U.S.), Taiyo Nippon Sanso Corp. (Japan), Air Liquide (France), SOL-SpA (Italy), Airgas, Inc. (U.S.), Atlas Copco (Sweden), Messer Group (Germany), and GCE Holding AB (Sweden).

Single user license, a order copy of “Medical Gases Market Gases (Oxygen, Nitrogen, Nitrous Oxide, Helium, Gas Mixture) Equipment (Delivery System, Cryogenic Freezer, Oxygen Concentrator) Application (Respiratory Diseases, Anesthesia, Medical Imaging) by End User - Global Forecast to 2021” research report at  http://www.rnrmarketresearch.com/contacts/purchase?rname=148873 .

The therapeutic application segment is further categorized into respiratory diseases, cardiovascular diseases, anesthesia, cryosurgery, and others; while, the diagnostic application segment is categorized into medical imaging and general laboratory use. The pharmaceutical manufacturing and research segment comprises drug discovery, process development, manufacturing, and quality control. On the basis of end users, the medical gases market is segmented into hospitals, home healthcare, emergency services, pharmaceutical industry, and academic & research institutions.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios offered by top players in the medical gases and equipment market. The report analyzes the medical gases and equipment market by product, application, end user, and region.

Product Development/Innovation: Detailed insights on upcoming trends, research and development activities, and new product launches in the medical gases market

Market Development: Comprehensive information about lucrative emerging markets by product and region

Market Diversification: Exhaustive information about new products, growing geographies, recent developments, and investments in the medical gases and equipment market

Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of the leading players in the medical gases market

 

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