The medical
gas equipment market has
huge potential for further growth. This is owing to escalating population of
the aged. Consequential augmentation in chronic breathing illnesses and
innovations in pharmaceuticals also drive the market. However, periodically
altering regulatory concerns with respect to medical gas policies result in
high costs. These concerns appear to prevent the medical gas equipment market from
growing further.
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Apart from structural
drivers the market has, there are some geographic components also which drive
it forward. Rising economies are gradually getting more attractive. The region
of Asia Pacific is a highly capable medical gas equipment market. Budding
nations, like China and India have high CAGR figures and are anticipated to
witness imperative market development. This owes to increase in respiratory
diseases and augmentation in medical infrastructure and per capita returns.
The medical gas
equipment market has witnessed a standard shift in the use of technologically
developed and enhanced products. This has led to growth in the market. The
market has even witnessed widespread development in the last few years.
Worldwide scarcity of helium hinders market growth to a certain extent. The
market is fragmented on the basis of applications, products and geographical
regions. It is estimated to rise during the predicted phase, at about 7 to 8
percent CAGR.
Growing population
and rising chronic diseases also drive the medical gas equipment market.
Additionally, boost in health consciousness among people, supported by
increased medical investments in developing nations is expected to add revenue
to the market. North America leaded the market in 2012. It is expected to
remain likewise till 2018. 2013 to 2018 remains the predicted phase. North
America occupies share worth 40 – 45 percent in the worldwide medical gas
equipment market.
Increasing demand
for permanent medical services in the coming years is expected to remain the
biggest propeller of the North American market. The medical gas equipment
market of Europe follows the former and accounts for around 33 percent of the
share.
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