1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Industrial Gases Market Trends

Medical Gases Market by Gases , Equipment , Application & by End User - Global Forecast to 2021

  • April 2016
  • 333 pages
  • MarketsandMarkets
Report ID: 3793811

Summary

Table of Contents

Search Inside

The global medical gases and equipment market is poised to reach USD 19.96 billion by 2021 from USD 13.58 billion in 2016, at a CAGR of 8.0% during the forecast period. The market is primarily driven by the implementation of the U.S. Food and Drug Administration (FDA) Safety and Innovation act, increasing prevalence of respiratory diseases, growing home healthcare market, rising aging population, rapid urbanization, and high prevalence of tobacco smoking.

In this report, the medical gases and equipment market is segmented on the basis of product, application, end user, and region. On the basis of product, the market is segmented into pure gases, medical gas mixtures, and medical gas equipment. The pure gases segment is further categorized on the basis of type and form of delivery. The medical gas equipment segment is categorized into equipment accessories, oxygen concentrators, gas delivery systems, and cryogenic products (freezers).

The medical gases and equipment market, by application, is segmented into therapeutic, diagnostic, pharmaceutical manufacturing and research, and other applications. The therapeutic application segment is further categorized into respiratory diseases, cardiovascular diseases, anesthesia, cryosurgery, and others; while, the diagnostic application segment is categorized into medical imaging and general laboratory use. The pharmaceutical manufacturing and research segment comprises drug discovery, process development, manufacturing, and quality control. On the basis of end users, the medical gases and equipment market is segmented into hospitals, home healthcare, emergency services, pharmaceutical industry, and academic & research institutions.

In 2015, the medical gases segment accounted for the largest share of the medical gases and equipment market. The large share of this segment is majorly attributed to the high use of medical gases for various respiratory and cardiovascular diseases in hospitals as well as home healthcare setups. On the basis of end user, the home healthcare segment is expected to grow at the highest CAGR, owing to the rising preference of patients to treat themselves at home.

In 2015, North America accounted for the largest share of the global medical gases and equipment market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest-growing region during the forecast period, owing to the increasing healthcare awareness, growth in the aging population, rising healthcare expenditures, and growth in per capita income.

Some key players in this market include Air Products and Chemicals, Inc. (U.S.), The Linde Group (Germany), Praxair, Inc. (U.S.), Taiyo Nippon Sanso Corp. (Japan), Air Liquide (France), SOL-SpA (Italy), Airgas, Inc. (U.S.), Atlas Copco (Sweden), Messer Group (Germany), and GCE Holding AB (Sweden).

Reasons to Buy the Report:

The report will enrich both established firms as well as new entrants/smaller firms, and allow them to gauge the pulse of the market, which in turn will help firms garner greater market shares. Firms purchasing the report could use one or a combination of the below-mentioned strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for increasing their market shares.

The report provides insights on the following pointers:

-Market Penetration: Comprehensive information on the product portfolios offered by top players in the medical gases and equipment market. The report analyzes the medical gases and equipment market by product, application, end user, and region
-Product Development/Innovation: Detailed insights on upcoming trends, research and development activities, and new product launches in the medical gases and equipment market
-Market Development: Comprehensive information about lucrative emerging markets by product and region
-Market Diversification: Exhaustive information about new products, growing geographies, recent developments, and investments in the medical gases and equipment market
-Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of the leading players in the medical gases and equipment market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Medical Gases & Equipment Market Growth, Trends & Forecasts (2017 - 2022)

  • $ 4250
  • Industry report
  • January 2017
  • by Mordor Intelligence LLP

The global medical gases and equipment market is poised to reach USD 17.8 billion by 2020, growing at a CAGR of 8.1%.The medical gases used in a hospital are life-supporting components that have a direct ...

Global Medical Gases Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 – 2023

  • $ 3900
  • Industry report
  • November 2016
  • by Occams

The Global medical gases market is expected to grow at the CAGR of 8.9% during 2016-2022 and it estimated to be $14200 million by 2022. The Global medical gases market is primarily driven by geriatric ...

Medical Gases Market Analysis by Product type, by Equipment, by Application, by Region and Segment Forecasts to 2024

  • $ 4950
  • Industry report
  • September 2016
  • by Grand View Research

The medical gases market is expected to reach USD 15.1 billion by 2024, according to a new report by Grand View Research, Inc. The medical gases market is anticipated to witness a positive growth during ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.