The Medical Gas Market is expected to reach USD 20.0 billion by 2023, at a CAGR of 6.2%.

The rising aging population, increasing the prevalence of respiratory diseases like asthma and chronic obstructive pulmonary disorder (COPD) due to changing lifestyles, rapid urbanization, the high prevalence of tobacco smoking, and increasing incidences of preterm births are expected to drive the growth of the medical gases and equipment market across the globe.

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                                                               Medical Gas and Equipment Market

Technological advancements, increasing demand for home care therapeutics, and market expansion in emerging countries across APAC and Latin America have opened new avenues for the medical gases and equipment market. However, there are certain challenges and restraints for the growth of this market, such as changes in medical gas calibration standards, a global shortage of helium, declining federal reimbursements for respiratory therapies, and lack of awareness and untreated population.

Browse and in-depth TOC on “Medical Gas Market”

387 – Tables

53 – Figures

401 – Pages

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Critical questions the report answers:

• Where will all these developments take the industry in the medium to long-term?
• What are the major end users of medical gases and equipment applications?
• What are the application areas of the medical gases and equipment?
• Which are the major medical gases and equipment products?
• Which gases and equipment are mainly used for the healthcare sector?

North America, the largest regional market for medical gases and equipment

North America is expected to account for the largest share of the Medical Gas Market in 2018, followed by Europe and the Asia Pacific. The increasing adoption of technologically advanced medical gases and equipment products, growing ageing population, the high healthcare expenditure, presence of advanced healthcare infrastructure, highly developed healthcare systems in the US and Canada, and the presence of a large number of leading medical gases and equipment manufacturers in the region, are responsible for the large share of the North American Medical Gas Market.

Major Key Players In Medical Gases Market:

The prominent players in the market are Linde Group (Germany) and Air Liquide (France), Air Products and Chemicals, Inc. (US), Praxair, Inc. (US), Taiyo Nippon Sanso Corporation (Japan), Atlas Copco (Sweden), GCE Holding (Sweden), Messer Group (Germany), SOL SpA (Italy), Rotarex S.A. (Luxembourg), SCI Analytical (US) and Amico Corporation (Canada).

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