04-Sep-2020 | Facts and Factors
Findings from Facts and Factors report “Medical Gases and Equipment Market by Type (Medical Gas and Medical gas equipment), by Application (Therapeutic, Diagnostics, Pharmaceutical manufacturing and research, and Other Therapeutic Applications), by End User (Hospitals, Home Healthcare, Pharmaceutical and Biopharmaceutical Companies, Diagnostic and Research Laboratories, and Academic Institutes and Research Institutes), and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global medical gases and equipment market in 2019 was approximately USD 15,751.6 Million. The market is expected to grow at a CAGR of 6.2% and is anticipated to reach around USD 23,999.1 Million by 2026.
According to the data published by World Health Organization (WHO), in 2020, approximately 80% patients can recover from COVID-19 without hospital treatment. But in case of extreme situations, person may causes respiratory damage to the virus, forcing the body's oxygen levels to decrease and make it difficult to breathe. In order to mitigate this, the medical gases and equipment is used to force blood, with elevated amounts of oxygen, into the lungs.
Browse the full “Medical Gases and Equipment Market by Type (Medical Gas and Medical gas equipment), by Application (Therapeutic, Diagnostics, Pharmaceutical manufacturing and research, and Other Therapeutic Applications), by End User (Hospitals, Home Healthcare, Pharmaceutical and Biopharmaceutical Companies, Diagnostic and Research Laboratories, and Academic Institutes and Research Institutes), and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” https://www.fnfresearch.com/medical-gases-and-equipment-market-by-type-medical-1277
Growing funding for healthcare research across the globe due to ongoing COVID-19 pandemic is major factor driving growth of the global medical gases and equipment’s market. In addition, the rising prevalence of respiratory diseases worldwide is another aspect projected to accelerate growth in the target market in the immediate future. The demand for medical gas and machinery services has increased tremendously as a result of the COVID-19 outbreak. Companies at the forefront of gas supplies to hospital facilities, as well as pharmacies serving a large number of patients at home, find that thousands of cylinders are used and emptied every day. Nevertheless, emerging economies worldwide is expected to create lucrative growth opportunities for the kay operating players in the global medical gases and equipment market.
The global medical gases and equipment market is segmented on the basis of type, application, and end user. Based upon type segment the global market is categorized into medical gas and medical gas equipment’s. The medial gas segment is further divided into type of medical gases, form of delivery, and the mixture of medical gases. The type of medical gases are oxygen, carbon dioxide, nitrous oxide, nitrogen, medical air, and helium. Medical gases delivery form are liquid tanks, high pressure cylinders, and bulk delivery. The gases mixture are categorized into helium-oxygen mixtures, blood-gas mixtures, ethylene oxide, carbon dioxide-oxygen mixtures, lung diffusion mixtures, aerobic mixtures, nitrous oxide-oxygen mixtures. anaerobic mixtures, and laser-gas mixtures. The medical gas equipment category is divided into gas delivery systems, cryogenic products, and equipment accessories.
Based upon the region the global market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is expected to dominate in the global market in terms of revenue as compared to that of markets in other regions during the forecast period 2020-2026. This is attributed to the availability of advanced healthcare sector in the countries of this region along with high prevalence of the respiratory diseases in the U.S. and other countries of this region. Increasing cases of COVID-19 and growing government funding for research is supporting the growth of the market in the region. Europe is expected to hold the second-largest share and Asia Pacific is anticipated to grow at significant CAGR in the near future. Europe market growth is owing to increasing prevalence of the coronavirus diseases in the countries of Europe, coupled with presence of major players in this region. The growth in the Asia Pacific countries is presence of a favorable business environment in the countries of the Asia Pacific.
Key players operating in the medical gases and equipment market not restricted to include GCE Holding AB, Messer Group GmbH, Atlas Copco, SOL SpA, Air Products and Chemicals, Inc., Taiyo Nippon Sanso Corp., Praxair, Inc., Air Liquide, and Linde Group. Key operating players in the global medical gases and equipment market are aiming towards the strategic partnerships and launches of innovative products.
This report segments the medical gases and equipment market as follows:
Global Medical Gases and Equipment Market: By Type
Global Medical Gases and Equipment Market: By Application
Global Medical Gases and Equipment Market: By End-user
Global Medical Gases and Equipment Market: Regional Segmentation Analysis
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