Medical Gases and Equipment Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Medical Gases and Equipment Market: By Product (Pure Gases, Gas Mixtures), By Equipment (Medical Air Compressors, Cylinders, Outlets, Regulators) By End User (Ambulatory Surgical Centres, Diagnostic Centres, Hospitals), By Geography (Latin America, North America, Asia- Pacific, The Middle East & Africa and Europe)

 

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Report

Description

Medical Gases and Equipment Market size valued USD 19.82 billion in 2021 and expected to reach USD 30.62 billion by 2027, at a CAGR of 8.6% during the forecast period 2021-2027. Medical gases and pharmaceutical gases are particular gases utilized for medicinal purposes, medicate preparing and different uses of biotechnology. Restorative gases incorporate unadulterated gases and blend of gases for different therapeutic procedures. The real kinds of gases incorporated into the pharmaceutical and therapeutic gases portion are hydrogen, oxygen, smelling salts, boron hydride, nitrous oxide, nitrogen, and carbon dioxide. Medical gases are viewed as doctor prescribed medications on the grounds that their utilization as medications is perilous without the supervision of an authorized specialist or by appropriately trained crisis faculty. Directions with respect to the virtue of these substances are built up by the United States Pharmacopeia/National Formulary (USP/NF). June 2017 – In June, the FDA distributed new direction for industry draft archive. It is planned to help makers of medicinal gases with nitty gritty suggestions on the most proficient method to present and execute GMP controls. Key systems embraced by the real players, for example, coordinated efforts, acquisitions and mergers, new item dispatches are evaluated to fuel the market development of the organizations and in this manner the market. Techniques, for example, these guides organizations in reinforcing their worldwide presence for long haul supported development in the business. For example, in June 2015, Air Liquide reported obtaining of Baywater Healthcare Ireland Ltd, to extend its home medicinal services business in Europe. This procurement is relied upon father add to the organization’s current item portfolio enabling it to convey more to their customers. Different joint efforts are likewise anticipated that would profit the market players in reinforcing their situation in the market. For example, in July 2016, Praxair grows its Helium supply in Central Europe by consenting to a long haul arrangement for the buy of helium (fluid) from PGNiG, the main maker of helium in Central Europe.

Medical Gases and Equipment Market

MARKET SUMMARY
-
8.6% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 8.6%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North-America

Medical Gases and Equipment Market

  • The global medical gases and equipment market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global medical gases and equipment market gives historical, current, and future market sizes (US$ Bn) on the basis of product, equipment, end user, and geographical regions.
Key Players
  • Airgas
  • Air Liquide
  • Praxair
  • Atlas Copco
  • Messer Group
Medical Gases and Equipment Market

Drivers And Restraints

The expanding occurrences of chronic respiratory diseases, execution of the business industry friendly regulations (for example, FDA Safety and Innovation Act) and expanding research in the field of biotechnology , are the major factors, which would drive the development of worldwide restorative gases and gear advertise amid the investigation time frame. Moreover, government activities to availability of emergency care in developing economies, would largely drive the medical gases and equipment market. A main consideration limiting the market development is a worldwide deficiency of helium because of the shutdown of the Federal Helium Reserve. Because of the Helium Privatization Act in America, the Federal Helium Reserve would be closed down, and the assets would be given over to the private division.


North-America got significant share

Medical Gases and Equipment Market

Geographically Medical Gases and Equipment Market is segmented as Latin America, North America, Asia- Pacific, The Middle East & Africa and Europe. North America is the greatest market as far as piece of the overall industry over the globe, trailed by Europe. The market in North America is profoundly determined because of elements like nearness of an entrenched medicinal gases showcase, high pervasiveness of patients with respiratory clutters, and developing maturing populace. The Medical Gases and Equipment advertise in the Asia-Pacific district is anticipated to develop at the most noteworthy CAGR, which is enormously because of expanding medicinal services mindfulness, rising social insurance consumptions, development in the maturing populace, and development in per capita salary.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Medical Gases and Equipment Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

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

Description

Medical Gases and Equipment Market size valued USD 19.82 billion in 2021 and expected to reach USD 30.62 billion by 2027, at a CAGR of 8.6% during the forecast period 2021-2027. Medical gases and pharmaceutical gases are particular gases utilized for medicinal purposes, medicate preparing and different uses of biotechnology. Restorative gases incorporate unadulterated gases and blend of gases for different therapeutic procedures. The real kinds of gases incorporated into the pharmaceutical and therapeutic gases portion are hydrogen, oxygen, smelling salts, boron hydride, nitrous oxide, nitrogen, and carbon dioxide. Medical gases are viewed as doctor prescribed medications on the grounds that their utilization as medications is perilous without the supervision of an authorized specialist or by appropriately trained crisis faculty. Directions with respect to the virtue of these substances are built up by the United States Pharmacopeia/National Formulary (USP/NF). June 2017 – In June, the FDA distributed new direction for industry draft archive. It is planned to help makers of medicinal gases with nitty gritty suggestions on the most proficient method to present and execute GMP controls. Key systems embraced by the real players, for example, coordinated efforts, acquisitions and mergers, new item dispatches are evaluated to fuel the market development of the organizations and in this manner the market. Techniques, for example, these guides organizations in reinforcing their worldwide presence for long haul supported development in the business. For example, in June 2015, Air Liquide reported obtaining of Baywater Healthcare Ireland Ltd, to extend its home medicinal services business in Europe. This procurement is relied upon father add to the organization’s current item portfolio enabling it to convey more to their customers. Different joint efforts are likewise anticipated that would profit the market players in reinforcing their situation in the market. For example, in July 2016, Praxair grows its Helium supply in Central Europe by consenting to a long haul arrangement for the buy of helium (fluid) from PGNiG, the main maker of helium in Central Europe.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX