The “Medical Gases and Equipment Market by Gases (Oxygen, Medical Air, Nitrogen, Nitrous-oxide, Helium, Blood-gas Mixture, Nitrous Oxide-Oxygen Mixture), by Equipment (Cylinders, Manifolds, Regulators, Flowmeters) - Global Forecast to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and Rest of the World.
The global medical gases and equipment market is segmented by product, application, and geography. By products, the market is broadly segmented into gases market and equipment market. The gases market is further segmented into medical pure gases and gas mixtures. The medical pure gases market covers gases like medical air, carbon dioxide, helium, nitrogen, nitrous oxide, and oxygen. Medical gas mixture is divided into blood gas mixtures, nitrous oxide-oxygen mixtures, carbon dioxide-oxygen mixtures, lung diffusion mixtures, laser gas mixtures, aerobic mixtures, and anaerobic mixtures. The equipment segment includes cylinders, vacuum systems, manifolds, regulators, suction regulators, flowmeters, hoses, outlets, and monitoring systems.
The market is further analyzed by end users. The report covers details about various end users of medical gases in hospitals (labs & clinics), home healthcare, pharmaceutical & biotechnology industries, and universities/research institutes.
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The total market is further divided into four major geographies, that is, North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are further analyzed at country level. The research report discusses about the key market drivers, restraints, and opportunities of the global medical gases market and its submarkets.
The global market is estimated to be worth $10,416 million in 2013. The market is mainly driven by the growing aging population and the increasing home healthcare market. Advancements in technologies and devices coupled with the trend of continuous monitoring of diseases are also significantly compelling healthcare providers and payers to shift their focus from hospital care to home care settings. However, the factors restraining the growth of the medical gases market are the global helium shortage, changes in medical gas standards resulting in high costs, and declining federal reimbursements for respiratory therapies.
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North America contributes the largest share to the global market, followed by Europe, Asia-Pacific, and Rest of the World. Developed geographies like North America and Europe are likely to grow at lower CAGRs as compared to the Asian market. The APAC region is expected to have the fastest market growth during the forecast period, largely driven by rapid growth in the developing healthcare industry across China and India.
The major players in the market include Linde Group (Germany), Praxair Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), Air Liquide (France), Taiyo Nippon Sanso Corp. (Japan), Airgas Inc. (U.S.), Messer Group (Germany), Atlas Copco (Sweden), Matheson Tri Gas Inc. (U.S.), and SOL-SpA (Italy).
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