The global medical gases and equipment market size is expected to reach USD 10.52 billion in 2020, according to a new report by Grand View Research, Inc. The increasing level of patients requiring emergency care, surgical interventions and respiratory disorders are expected to boost the medical gases market over the forecast period.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/medical-gases-market
Further key findings from the report suggest:
·
Old age heightens the need for healthcare by
making individuals more susceptible to diseases especially pertaining to the
respiratory system and triggers patient hospitalization rates. Statistics
estimated by the WHO suggest that 55% - 60% of patients admitted in hospitals
are administered with gases.
·
The presence of favorable initiatives such as
the U.S. Food and Drug Administration Safety and Innovation Act are expected to
high rendering driver for growth of medical gases market. The act provides
manufacturer with elimination of drug user fee, enhancement of profit margins,
and power to fill intellectual property right for development of new
product.
·
The pure medical gases segment was the largest,
representing a revenue share of over 60.0% in 2013. Extensive use of oxygen as
the first line of treatment during emergencies such as heart attack and
suffocation, for providing life support to artificially vented patients, and in
events such as COPD, major trauma and severe hemorrhage is expected to witness
huge demand for oxygen over the forecast.
·
Medical gas mixtures are also gaining demand
owing to their use in sterilization of heat and moisture sensitive instruments
and disposable medical devices, during cancer radiation therapy, pain
management procedures, and measurement of oxygen and carbon dioxide levels in
blood stream. The mixtures are estimated to witness growth at rate of over
11.0%.
·
Vacuum systems owing to their use in providing
safe and sufficient flows at desired pressure levels to the medical gas outlets
or vacuum inlet terminals held the largest share in 2013. Its market size is
expected to reach over USD 1.6 billion by 2020. Masks are identified as the
fastest growing equipment registering a CAGR of over 9.0% during the forecast
period.
·
The market for North America in 2013 was valued
at USD 2.4 billion, owing to factors such as the presence of favorable
government initiatives pertaining to new product development, sophisticated
healthcare infrastructure and increasing patient awareness levels coupled with
relatively higher healthcare expenditures in the region.
·
On the other hand, the Asia Pacific medical gas
industry is expected to witness rapid rise in demand and is expected to exceed
a value of USD 2.2 billion by 2020. Presence of large population bases and high
prevalence of pulmonary diseases and emergency conditions in countries such as
India and China are some factors accounting for such rapid growth.
·
Prominent players operating in this market
includes Air Liquide, Praxair Inc, Air Gas Inc, Linde Gas, Air Products and
Chemicals Inc.
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this category @ http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global medical gases and equipment
market on the basis of product and region:Medical Gases and Equipment Product Outlook
• Medical Gases
• Medical Pure Gases
• Medical Air
• Carbon Dioxide
• Oxygen
• Nitrogen
• Nitrous Oxide
• Helium
• Medical Gas Mixtures
• Carbon Dioxide – Oxygen Mixtures
• Oxygen-Nitrous Oxide Mixtures
• Ethylene Oxide
• Oxyfume 2000
• Helium Oxygen Mixtures
• Aerobic Mixtures
• Anaerobic Mixtures
• Blood Gas Mixtures
• Laser Gas Mixtures
• Lung Mixtures
• Medical Gas Equipment
• Manifolds
• Outlets
• Hose Assemblies and Valves
• Alarm Systems
• Cylinders and Accessories
• Flowmeters
• Regulators
• Medical Air Compressors
• Vacuum Systems
• Masks
Medical Gases and Equipment Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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