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(Medical-NewsWire.com, February 03, 2016 ) the growing home healthcare market, advancement in pharmaceutical and biopharmaceutical drugs development, and implementation of various government regulations for the safe usage of medical gases and equipment in healthcare facilities is also driving the growth of the market.
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The growing numbers of mergers and acquisitions between pharmaceutical drugs manufacturing companies and medical gases suppliers is a key trend observed in the global market. Among the various products, oxygen accounted for the largest market share; and nitrous oxide holds second largest market share in the global market. This is mainly due to increasing prevalence of respiratory diseases, and increasing numbers of patients admitted in the emergency department.
Among the various medical gas equipment, the vacuum system holds largest market share, due to increasing demand and high costs associated with these systems. However, mask is the fastest growing segment in the market, owing to the high adoption rate and low manufacturing costs associated with it.
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Among the various end-users, hospital is the largest and fastest growing segment in the global market of medical gases and equipment. This is due to increasing prevalence of respiratory diseases and increasing number of hospitalization cases, which requires emergency medical care.
Medical gases assist with respiration, allows healthcare professionals to examine the functioning of cardiovascular systems, as well as lungs. Gases, such as oxygen and others gas mixtures are used, when the body’s gas regime is disrupted. Moreover, when the body is at unusual stress and respiration is weak, the use of pure oxygen is indicated. In these cases, oxygen is used to assist and stimulate the respiratory activity.
The Asian market is growing with a significant rate, owing to huge pool of patients and increasing healthcare spends in the region. The growing geriatric population, improving healthcare infrastructure, and increasing prevalence of various respiratory diseases are further supporting the growth of the Asian medical gases and equipment market. Countries such as India, Japan and China are the major markets in the region.
Some of the major players operating in the global medical gases and equipment market include Matheson Tri-Gas, Messer Group GmbH, Airgas Inc., Praxair Inc., The Linde Group, Atlas Copco, Air Products and Chemicals Inc., and Air Liquide.
Medical Gases and Equipment Market Segmentation
By Segment
Medical Gases
Medical Equipment
By Product
Oxygen
Nitrous Oxide
Nitrogen
Helium
Carbon Dioxide
Medical Air
Medical Pure Gases
By Medical Gases Mixtures
Nitrous Oxide-Oxygen Mixture
Ethylene Oxide
Lung Diffusion Mixtures
Laser Gas Mixtures
Helium Oxygen Mixtures
Carbon Dioxide-Oxygen Mixtures
Blood Gas Mixtures
Anaerobic Mixtures
Aerobic Mixtures
By Medical Gases Equipment
Vacuum Systems
Hose
Cylinders
Freezers
Suction Regulators
Flowmeters
Regulators
Manifolds
Others
By End-Users
Universities/Research Institutions
Pharmaceutical and Biotechnology Industry
Home Healthcare
Hospitals
By Geography
North America
o U.S.
o Canada
Europe
o Germany
o France
o U.K.
o Spain
o Italy
Asia
o Japan
o China
o India
Latin America
o Brazil
Rest of the World
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