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A recent report published by Infinium Global Research on medical gas and equipment's market provides an in-depth analysis of segments and sub-segments in global as well as regional medical gas and equipment's market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional medical gas and equipment's market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical gas and equipment's market. According to the report, the global medical gas and equipment's market is projected to grow at a CAGR of 8.3% over the forecast period of 2018-2024.
Medical gases are considered as medical products and those equipment's that can handle medical gases are termed as medical gas equipment's. These are frequently used in healthcare by healthcare professionals for diagnostic and treatment of the patients. Additionally, it has varied usage in the pharmaceutical and biotechnology industry, such as pharmaceutical manufacturing, cell culture studies, and drug discovery and development. Commonly used medical gases are medical air, Oxygen, Nitrous oxide, Nitrogen, Carbon dioxide, etc.
Global medical gas and equipment's the market is showing a positive trend of development around the globe. There are many factors which are helping to boost this market such as rising incidence of chronic diseases, a growing number of industry-friendly safety initiatives undertaken by the government, implementation of the U.S. FDA safety and innovation act, a growing base of geriatric population, and increasing demand for home healthcare and point of care products are some of the major factors propelling the growth of the medical gases market.
On the basis of region, the global medical gas and equipment's market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Due to the presence of a well-established medical gases market, the high prevalence of patients with respiratory disorders and the growing aging population have contributed to a large share of the North American region. However, the Asia-Pacific region is expected to grow at the highest CAGR; growth in this market can be attributed to increasing healthcare awareness, rising healthcare expenditures, growth in the aging population, and growth in per capita income.
The report on global medical gas and equipment's market covers segments such as product type and application. On the basis of product type, the global medical gas and equipment's market is categorized into medical pure gases, medical gas mixtures, and medical gas equipment's. On the basis of application, the global medical gas and equipment’s market is categorized into therapeutic, diagnostic and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global medical gas and equipment's market such as Medical Gas Solutions, Allied Health Care, Ohio Medical, Powerex, Amico Corp., Gentec Corp., BeaconMedaes LLC, Air Gas Inc., Linde Gas, and Praxair Inc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global medical gas and equipment's market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical gas and equipment's market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the medical gas and equipment's market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the medical gas and equipment's market to understand the present and future trends in this market and formulate their strategies accordingly.
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