Published On: Oct 12, 2015
The report, titled “Medical Gases and Equipment Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018”, states that registering an 8.0% CAGR from 2012 to 2018, the global market for medical gases and equipment will grow from US$5.3 Bn in 2011 to US$9 Bn in 2018.
Browse the full Medical Gases and Equipment Market (Pure Gases, Gas Mixtures, Oxygen, Nitrous Oxide, Carbon Dioxide-Oxygen, Nitrous Oxide-Oxygen, Manifolds, Vacuum Systems) - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018 report at https://www.transparencymarketresearch.com/medical-gases-and-equipment.html
The medical gases segment is bifurcated into medical gas mixtures and pure medical gases. Pure medical gases include oxygen, nitrogen, nitrous oxide, helium, and carbon dioxide. Medical gas mixtures include nitrous oxide-oxygen mixtures, mixtures of carbon dioxide-oxygen, helium oxygen mixtures, ethylene oxide, anaerobic and aerobic mixtures, laser gas mixtures, mixtures of blood gas, and lung mixtures.
The medical equipment segment comprises regulators, masks, manifolds, alarm systems, outlets, cylinders and accessories, flowmeters, vacuum systems, medical air compressors, and hose assemblies and accessories.
Geographically, the global medical gases and equipment market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia is by far the largest market for medical gases and equipment and during the course of the forecast period, this region is anticipated to register a CAGR of 9.20%. Rising incidence of pulmonary diseases, larger population base, and increase in emergency medical conditions especially in countries such as India and China have contributed towards the growth of the Asia medical gases and equipment market. The Indian market in particular is also driven by a developing economy, support from government schemes, improvement in healthcare and medical infrastructure, rise in disposable income, larger labor force, and rising awareness levels of consumers. The Indian Gas Association has stated that the industrial and medical gases market grows at an annual rate of 15.0% to 18.0%.
The most promising players operating in the global medical gases and equipment market include Beaconmedaes Llc, Linde Group, Matheson Tri-Gas Inc., Air Liquide, Praxair Inc., Air Products And Chemicals Inc., Medical Gas Solutions, and Airgas Inc.
Special emphasis is laid on examining the various business strategies adopted by different companies to stay afloat and compete in the global medical gases and equipment market. Some of the major strategies adopted are extensive distribution channels, extensive research and development initiatives, acquisitions, corporate social responsibility, strong product marketing, quality management, customer centric manufacturing, forward integration, identifying key growth areas, customer service and technical support, establishing research and development facilities in emerging economies to curb expenses, protection of intellectual property rights by filing for trademarks and patents, raising capital via debentures and public notes, and implementation of growth programs.
Medical Gases and Equipment Market by Products
- Medical gas
- Medical pure gases
- Nitrous oxide
- Carbon dioxide
- Medical gas mixtures
- Carbon Dioxide – Oxygen Mixtures
- Nitrous Oxide-Oxygen Mixtures
- Ethylene Oxide
- Helium Oxygen Mixtures
- Aerobic Mixtures
- Anaerobic Mixtures
- Blood Gas Mixtures
- Laser Gas Mixtures
- Lung Mixtures
- Medical equipment
- Hose Assemblies and Accessories
- Alarm Systems
- Cylinders and Accessories
- Medical Air Compressors
- Vacuum Systems
- Medical pure gases
Medical Gases and Equipment Market by Geography
- North America
- Rest of the world (RoW)
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