San Francisco, 08 October
2018, The medicalgases market is expected to reach USD 15.1 billion
by 2024, according to a new report by Grand View Research, Inc. The medical
gases market is anticipated to witness a positive growth during the study
period from 2016 to 2024. This growth is attributed to a majority of factors,
such as the high prevalence of chronic diseases including heart diseases,
stroke, asthma, cancer, diabetes, and obesity. Increasing adoption of sedentary
lifestyles and unhealthy diets coupled with the significantly large aging
population is resulting in the high incidence of chronic diseases in the
developed regions. However, the worldwide shortage of helium, largely
concerning the manufacturers of medical equipment, and the stringent government
rules and regulations are expected to hamper the market growth.
The pure gases segment is expected to
witness a significant growth rate in the developing countries due to its high
demand and increasing usage in the healthcare industry. The increasing demand
for advanced medical gas equipment, such as vacuum systems and manifolds, is
propelling the growth of this segment. Based on applications, the vertical has
been further classified into therapeutics, diagnostics, drug discovery and
development, clinical research, and quality control. The therapeutics segment
is expected to witness a significant growth rate during the forecast period due
to their high demand as medicinal products and the related equipment in
hospitals & other healthcare centers.
The Asia Pacific region is anticipated to
be the fastest growing region during the forecast period, while North America
is estimated to dominate the global market in 2015.
Full Research Report On Medical
Gases Market Analysis:
www.grandviewresearch.com/industry-analysis/medical-gases-market
www.grandviewresearch.com/industry-analysis/medical-gases-market
Further
key findings from the study suggest:
·
North America is estimated to reign the
global medical gases market in the year 2015. The increasing awareness about
chronic diseases, its causative and risk factors, enhanced uptake and
acceptance of technologically advanced therapeutic & diagnostic products is
expected to contribute to the market growth.
·
The Asia Pacific region is projected to be
the fastest growing region during the forecast period. The reason being the
considerably large burden of chronic diseases in certain developing regions,
such as India, where 142.1 in every one lakh individuals, die due to lung
disease. As a result of the high incidence of respiratory diseases, the urgent
requirement to undertake awareness measures and integrate advanced diagnostics
and therapeutics is expected to fuel the sector growth.
·
The medical gas equipment is the largest
grossing segment, and is hence expected to capture the largest share in 2015,
especially in the developed countries including the U.S. and Germany. Advances
in the medical equipment and its increasing demand in the developing economies
will be a crucial factor contributing to the growth in this sector.
·
The industry involves several global as
well as local players. Some of the major players in this sector include Air
Liquide, The Linde Group, Praxair, Inc., Airgas, Inc., Air Products and
Chemicals, Inc., BeaconMedaes, Medical Gas Solutions Ltd., and Matheson
Tri-Gas.
Browse More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the medical gases
market on the basis of product, equipment, application, and region:
Medical Gases Product Outlook (Revenue,
USD Million, 2013 - 2024)
·
Medical Pure Gases
o
Medical air
o
Carbon dioxide
o
Oxygen
o
Nitrogen
o
Nitrous oxide
o
Helium
·
Medical Gas Mixtures
o
Carbon dioxide-oxygen mixtures
o
Oxygen-nitrous oxide mixtures
o
Ethylene oxide
o
Oxyfume 2000
o
Helium oxygen mixtures
o
Aerobic mixtures
o
Anaerobic mixtures
o
Blood Gas mixtures
o
Laser gas mixtures
o Lung
mixtures
Medical Gas Equipment Outlook (Revenue,
USD Million, 2013 - 2024)
·
Manifolds
·
Vacuum Systems
·
Alarm Systems
·
Flowmeters
·
Medical Air Compressors
·
Cylinders
·
Hose Assemblies and Valves
·
Outlets
·
Regulators
·
Masks
Medical Gases Application Outlook (Revenue,
USD Million, 2013 - 2024)
·
Therapeutic
·
Diagnostic
·
Others
Medical Gases Regional Outlook
(Revenue, USD Million, 2013 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
o
Middle East
Access
Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-medical-gases-market
www.grandviewresearch.com/press-release/global-medical-gases-market
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For
more information: www.grandviewresearch.com
