The global market for medical gases and equipment is expected to reach USD 10.52 billion by 2020,
according to a new study by Grand View Research, Inc. The implementation of
industry friendly regulations such as the FDA Safety and Innovation Act in the
U.S. and growing patient awareness levels are expected to drive market growth
over the next six years. Growing global geriatric population base coupled with increasing
prevalence of target diseases such as chronic obstructive pulmonary diseases
(COPD) is also expected to enhance market demand over the forecast period.
Browse full research report on Global Medical Gases Market:
http://www.grandviewresearch.com/industry-analysis/medical-gases-market
Oxygen dominated the global medical pure gases market in
2013, accounting for over 44% of total revenue. Rising prevalence of patients
admitted in emergency care and prevalence of patients suffering from
respiratory diseases requiring the administration of oxygen are some of the
factors accounting for its large market share. Nitrous oxide followed oxygen in
terms of market share, accounting for over 25%. However, its market share is
expected to decline by 2020, owing to the rising demand for anesthetic drugs.
In addition, the medical gas mixtures market was dominated by oxygen-carbon
dioxide medical gas mixtures in 2013, accounting for over 30% of revenue.
Read detailed report or request for sample of this
research report:
http://www.grandviewresearch.com/industry-analysis/medical-gases-market
http://www.grandviewresearch.com/industry-analysis/medical-gases-market
Further key findings from the study suggest:
- North America dominated the overall market in 2013 with revenue estimated at USD 2.48 billion. However, Asia Pacific is expected to be the fastest growing regional market, on account of rapidly developing economies of China and India, at an estimated CAGR of 9.9% during the forecast period.
- Vacuum systems dominated the overall equipment market in 2013, accounting for over 30% of total revenue, primarily due to the high prices associated with these products.
- Ethylene oxide segment is expected to be the fastest growing medical gas, at an estimated CAGR of 19.2% from 2014 to 2020. Ethylene oxide is expected to serve as an internal substitute to oxyfume 2000 and cater to the market of the latter post its phasing out by January, 2015.
- Key industry participants include Linde Gas, Matheson Tri-Gas Inc., Air Products and Chemicals Inc., Air Liquide and Praxair Inc.
Browse more reports of this category by
Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
• 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
• 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, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
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