The “Medical Gases and Equipment Market by Gases (Oxygen, Medical Air, Nitrogen, Nitrous-oxide, Helium, Blood-gas Mixture, Nitrous Oxide-Oxygen Mixture), by Equipment (Cylinders, Manifolds, Regulators, Flowmeters) - Global Forecast to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and Rest of the World.
The global market is estimated to be worth $10,416 million in 2013. The market is mainly driven by the growing aging population and the increasing home healthcare market. Advancements in technologies and devices coupled with the trend of continuous monitoring of diseases are also significantly compelling healthcare providers and payers to shift their focus from hospital care to home care settings.
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The global medical gases and equipment market is segmented by product, application, and geography. By products, the market is broadly segmented into gases market and equipment market. The gases market is further segmented into medical pure gases and gas mixtures. The medical pure gases market covers gases like medical air, carbon dioxide, helium, nitrogen, nitrous oxide, and oxygen. Medical gas mixture is divided into blood gas mixtures, nitrous oxide-oxygen mixtures, carbon dioxide-oxygen mixtures, lung diffusion mixtures, laser gas mixtures, aerobic mixtures, and anaerobic mixtures. The equipment segment includes cylinders, vacuum systems, manifolds, regulators, suction regulators, flowmeters, hoses, outlets, and monitoring systems.
North America contributes the largest share to the global market, followed by Europe, Asia-Pacific, and Rest of the World. Developed geographies like North America and Europe are likely to grow at lower CAGRs as compared to the Asian market. The APAC region is expected to have the fastest market growth during the forecast period, largely driven by rapid growth in the developing healthcare industry across China and India.
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The major players in the market include Linde Group (Germany), Praxair Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), Air Liquide (France), Taiyo Nippon Sanso Corp. (Japan), Airgas Inc. (U.S.), Messer Group (Germany), Atlas Copco (Sweden), Matheson Tri Gas Inc. (U.S.), and SOL-SpA (Italy).