Global Medical Gas and Equipment Market was valued US$ 13.92 Bn in 2017 and is expected to reach US$ 26.6 Bn by 2026, at a CAGR of 8.43% during a forecast period.
The medical gas and equipment market is segmented into type, application, end-user, and region.
In terms of type, the global medical gas and equipment market is classified into medical gases, medical gas mixtures, biological atmospheres, and medical gas equipment. Based on application, global medical gas and equipment market is divided into respiratory, anesthesia, medical imaging, cryosurgery, therapeutic, diagnostic, pharmaceutical manufacturing & research, and others. A further end-user, global medical gas, and equipment market are split clinics, hospitals, research institutions, home healthcare, the pharmaceutical industry and academic & research institute, biotechnology industry, and emergency service.
Based on regions, the global medical gas and equipment market is divided into five main regions are America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Based on product, the increasing use of medical gases for the diagnosis and treatment of various respiratory diseases such as COPD, asthma, and other medical conditions such as cardiovascular and lifestyle diseases are further expected to drive the demand of medical gases during the forecast period.
In terms of end-user, the hospital segment accounted for the major share in the global market due to the increasing healthcare expenditure, growing geriatric population, increasing prevalence of chronic and lifestyle associated diseases.
Rapid urbanization, an increasing prevalence of respiratory diseases, increasing demand for home healthcare and the increasing prevalence of tobacco are boosting the market growth. In addition, increasing healthcare expenditure, growing geriatric population, increasing prevalence of chronic and lifestyle associated diseases are also driving the market growth.
A major factor restraining the market growth is a global shortage of helium due to the shutdown of the Federal Helium Reserve.
Geographically, the medical gas market in the APAC is expected to grow at the highest CAGR during the forecast period due to the large populations in China and India, increasing the incidence of chronic diseases, improving healthcare infrastructure, and growing healthcare awareness are driving the demand for medical gases and equipment in the Asia Pacific.
The key players operating in global medical gas and equipment market are Allied Health Care, Ohio Medical, Powerex, Amico Corp., Gentec Corp, BeaconMedaes LLC, Air Gas Inc, Linde Gas, Praxair Inc., Air Liquide, Airgas Inc., Atlas Copco, Matheson Tri Gas, Inc., Messer Group GmbH, Taiya Nippon Sanso, The Linde Group, and Medical Gas Solutions.
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Scope of Global Medical Gas and Equipment Market:
Global Medical Gas and Equipment Market, by Type:
• Medical Gases
• Medical Gas Mixtures
• Biological Atmospheres
• Medical Gas Equipment
Global Medical Gas and Equipment Market, by Application:
• Respiratory
• Anesthesia
• Medical Imaging
• Cryosurgery
• Therapeutic
• Diagnostic
• Pharmaceutical Manufacturing & Research
• Others
Global Medical Gas and Equipment Market, by End-user:
• Clinics
• Hospitals
• Research Institutions
• Home Healthcare
• Pharmaceutical Industry and Academic & Research Institute
• Biotechnology Industry
• Emergency Service
Global Medical Gas and Equipment Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America
The key players operating in Global Medical Gas and Equipment Market:
• Allied Health Care
• Ohio Medical
• Powerex.
• Amico Corp.
• Gentec Corp.
• BeaconMedaes LLC
• Air Gas Inc.
• Linde Gas
• Praxair Inc.
• Air Liquide
• Airgas Inc.
• Atlas Copco
• Matheson Tri Gas, Inc.
• Messer Group GmbH
• Taiya Nippon Sanso
• The Linde Group
• Medical Gas Solutions
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