The report “Latin
America Medical Gases & Equipment Market by Product (Oxygen, Medical Air,
Nitrogen, Carbon Dioxide, Nitrous Oxide, Helium, Ethylene Oxide, Blood-gas
Mixture, Cylinder, Hoses, Manifold, Regulator) End User (Hospital, Home Care) -
Forecast to 2020”, the Latin America medical gases and equipment market is
estimated to reach around USD 1.8 Billion by 2020 at a CAGR of 10.2% during the
forecast period of 2015 to 2020.
Browse 99 market data tables and 32 figures spread through 146 pages and in-depth TOC on "Latin America Medical Gases & Equipment Market"
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The Latin American medical gases and equipment market is
growing at a high rate and further expected to experience considerable growth
in the forecast period. Growth in this market is mainly attributed to the
rising prevalence of lifestyle and respiratory diseases, rising geriatric
population, high prevalence of smoking, rising pollution levels, and growing
demand for home healthcare products.
However, the low efficiency of healthcare systems in Latin America and the recent economic slowdown in the region are the major challenges in this market.
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In this report, the Latin American medical gases and equipment market is segmented on the basis of products and end users. On the basis of products, the Latin American medical gases and equipment market is segmented into medical gases and medical gas equipment. The medical gas equipment segment is further divided into cylinders, vacuum systems, manifolds, regulators, cryogenic products, flowmeters, suction regulators, monitoring systems, hoses, and outlets.
The medical gases segment is categorized into pure medical gases and
medical gas mixtures. The pure medical gases segment is subdivided into oxygen,
nitrous oxide, medical air, nitrogen, carbon dioxide, and helium. The medical
gas mixtures segment is categorized into blood-gas mixtures, lung diffusion
mixtures, nitrous oxide-oxygen mixtures, carbon dioxide-oxygen mixtures,
laser-gas mixtures, aerobic gas mixtures, anaerobic gas mixtures, ethylene
oxide mixtures, and helium-oxygen mixtures.
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In 2014, the medical gas equipment
segment accounted for the largest share of the Latin America medical gases and
equipment market. The large share of this segment is mainly attributed to the
rising demand for home healthcare devices and rising geriatric population.
On the basis of end users, the Latin
American medical gases and equipment market is divided into hospitals, home
healthcare, pharmaceutical & biotechnology companies, and academic &
research institutions. Hospitals are the major end users of the Latin American
medical gases and equipment market, owing to the financial capabilities of
hospitals to purchase high-end instruments as well as the availability of
trained professionals to operate these devices.
The Latin American medical gases and
equipment market is broadly segmented into Brazil, Mexico, Argentina, Colombia,
Chile, Peru, Venezuela, Ecuador, Uruguay, and the Rest of Latin America. Its
highly developed healthcare insurance system and high healthcare expenditures
are the major factors responsible for the large share of Brazil in the Latin
American medical gases and equipment market. However, the Mexico is expected to
grow at the highest CAGR, owing to increasing incidence of lifestyle diseases,
favorable government efforts further improving healthcare infrastructure,
increasing per capita incomes, and growing middle-class population.
Major players in the Latin American medical gases and equipment market include The Linde Group (Germany), Air Liquide (France), Praxair, Inc. (U.S.), Air Products and Chemicals, Inc. (U.S.), Atlas Copco AB (Sweden), and Taiyo Nippon Sanso (Matheson Tri-Gas) (Japan).
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