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Medical Gases Market, By Products (Pure gases, Medical Gas Mixtures, and Medical Gas Equipment), By Application (Therapeutic, Diagnostics, and Others) And Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

 

ReportsWeb.com has announced the addition of the “Global Medical Gases Market Size Status and Forecast 2025”, The report classifies the global Medical Gases Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.  

 

The medical gases market is estimated to represent a global market of USD 7.7 billion by 2017 with growth rate of 7.1%. Medical gases are pharmaceutical molecules, specifically used for the medical, biotechnology and pharmaceutical industries. These are widely used for the treatment of patients in hospitals, clinics as well as in emergency services. Additionally, these are used to synthesize, insulate or sterilize medical products. Increasing prevalence of lifestyle and chronic diseases stimulate the market for medical gas during the future period. According to the WHO, the chronic diseases (chronic respiratory diseases, heart disorder, stroke, cancer, and diabetes) are responsible for 38 million deaths (around 68% of all deaths worldwide) in 2012. Each year, 16 million people die from NCDs before the age of 70. Additionally, constant aging population, growing demand for home care, and technological advancements will support the market growth to great extent. However, medical gases and its associated equipment are highly regulated by the Center for Drug Evaluation and Research and the U.S. Food and Drug Administration. A violation of the act leads to court-enforced trials including seizure of the finished product, ingredients, and the equipment; a permanent or temporary ban on the manufacturing or filling of compressed medical gases; and criminal prosecution. Such facts will hamper the market growth.

Product Takeaway

Pure gases, Medical Gas Mixtures, and Medical Gas Equipment are the product segments of the market. Among which, medical gas equipment accounted for the largest share of the market, more than 52% share in 2017. The pure gas segment is divided into Oxygen, Medical Air, Helium, Carbon Dioxide, Nitrogen, and others. These gases are used in variety of medical applications. For example, oxygen is a medical gas, used in all healthcare setting. It is also used for inhalation and resuscitation therapy. Oxygen is used for the treatment of conditions such as cyanosis, COPD, carbon monoxide poisoning, shock, hemorrhage, trauma, respiratory arrest, and cardiovascular disorders.

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Gas Mixture & Equipment Segment Takeaway

Gas mixture segment is bifurcated into Helium-Oxygen Mixtures, Carbon Dioxide-Oxygen Mixtures, Blood Gas Mixtures, Oxygen-Nitrous Oxide Mixtures, Laser Gas Mixtures, Lung Mixtures and others. By Equipment, the market is categorized as Manifolds, Vacuum Systems, Alarm Systems, Flowmeters, Cylinders, and others. Manifolds and Vacuum Systems are major revenue generating product segment in 2017 and expected to dominate the market over the forecast period.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

 

MARKET, BY PRODUCTS

Pure gases

Oxygen

Medical Air

Helium

Carbon Dioxide

Nitrogen

Others

Medical Gas Mixtures

Helium-Oxygen Mixtures

Carbon Dioxide-Oxygen Mixtures

Blood Gas Mixtures

Oxygen-Nitrous Oxide Mixtures

Laser Gas Mixtures

Lung Mixtures

Others

Medical Gas Equipment

Manifolds

Vacuum Systems

Alarm Systems

Flowmeters

Cylinders

Others

 

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MARKET, BY APPLICATION

Therapeutics

Diagnostics

Others

MARKET, BY REGION

 

North America

Europe

Asia Pacific

Rest of the World

 

Key Vendor Takeaway

The market is competitive in nature. Companies such as BeaconMedæs, Air Liquide, The Linde Group, the H.A.C. Group, Matheson, and a few others present in this market. Companies are investing rigorously to develop new or more efficient medical gas products. For example, SCI Analytical manufacture and supplies a wide range of medical gases and products that can be used by medical devices and pharma distributors as well as manufacturers. The company employs professional engineers, specialized gas scientists and research and development technicians to design new technology integrated medical gas products.

The years considered for the study are:

Historical Year – 2014 & 2015

Base Year – 2015

Estimated Year – 2016

Projected Year – 2025

TARGET AUDIENCE

 

Traders, Distributors, and Suppliers

 

Manufacturers

Hospitals

Government and Regional Agencies and Research Organizations

Consultants

Distributors

 

Complete report is available@ http://www.reportsweb.com/medical-gases-market-analysis-and-forecast-report-2018-2025

 

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