The Medical Gases Industry analysis refers to the production, distribution, and use of gases that are used for medical purposes. These gases are essential for many medical procedures, including anesthesia, respiratory therapy, and surgical procedures. Medical gases can be delivered through a variety of methods, including compressed gas cylinders, liquid cylinders, and bulk delivery systems. The most commonly used medical gases include oxygen, nitrogen, nitrous oxide, carbon dioxide, and medical air. Oxygen is the most widely used medical gas, and it is essential for treating respiratory illnesses and providing respiratory support during surgery. Nitrous oxide is commonly used as a sedative in dentistry and as an anesthetic during surgery.
The Medical Gases Industry analysis includes companies that produce and distribute medical gases, as well as companies that manufacture equipment used to store, transport, and administer medical gases. The market also includes healthcare facilities, such as hospitals and clinics that use medical gases for patient care.
The Medical Gases Industry analysis has been growing rapidly in recent years, driven by factors such as increasing prevalence of respiratory diseases, growth in the geriatric population, and rising demand for home healthcare services. According to a report by Markets, the global medical gases market is expected to reach USD 19.96 billion by 2022, growing at a CAGR of 8.0% from 2017 to 2022.
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Key highlights:
- Oxygen is the most widely used medical gas, followed by nitrogen, nitrous oxide, carbon dioxide, and medical air.
- The Medical Gases Industry analysis includes companies that produce and distribute medical gases, as well as companies that manufacture equipment used to store, transport, and administer medical gases.
- The global Medical Gases Industry analysis is expected to reach USD 19.96 billion by 2022, growing at a CAGR of 8.0% from 2017 to 2022.
- Factors driving the growth of the Medical Gases Industry analysis include increasing prevalence of respiratory diseases, growth in the geriatric population, and rising demand for home healthcare services.
- The Medical Gases Industry analysis is segmented by product type, mode of delivery, and end-user. The product type segment includes pure gases, gas mixtures, and medical gas equipment. The mode of delivery segment includes cylinders, pipeline, and liquid containers. The end-user segment includes hospitals, home healthcare, pharmaceutical and biotechnology companies, and academic and research institutions.
Regional scope:
- North America– U.S., Canada
- Europe– UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific– Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America– Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa– South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Analyst View:
Analysts view the Medical Gases Industry analysis as a growing market with significant potential for growth in the coming years. The increasing prevalence of respiratory diseases, growth in the geriatric population, and rising demand for home healthcare services are expected to drive the growth of the market.
North America is currently the largest market for medical gases, but emerging markets such as Asia-Pacific and Latin America are expected to grow at a faster rate due to increasing healthcare expenditure and rising awareness about the benefits of medical gases.
The Medical Gases Industry analysis is highly competitive, with major players such as Air Liquide, Linde Group, and Praxair holding significant market shares. These companies are investing in research and development activities to develop new products and technologies to gain a competitive advantage in the market.
Overall, analysts expect the Medical Gases Industry analysis to continue growing in the coming years, driven by increasing demand for medical gases in various healthcare applications.
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Key players:
- Linde Group
- Airgas
- BeaconMedaes LLC
- Medical Gas Solutions Ltd.
- Air Products and Chemicals
- Praxair
- L’Air Liquide S.A.
- Matheson Tri-Gas, Inc.
- Taiyo Nippon Sanso Corporation
- Atlas Copco AB.
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