Medical Gases Market By End Use (Hospitals and Clinics, Home Healthcare, Research and Academia, Pharmaceuticals and Biotechnology Industry) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

The medical gases industry is shifting in standards and delivery due to the modernization of the institutional and home healthcare markets and the means of supply to these areas. The medical gas sector is anticipated to undergo revisions in testing and supply requirements from the developed markets.

For this study, the medical gases market is studied in terms of product types, end-users, and geographical distribution. Based on product types, the medical gases market is segmented into pure medical gases, medical gas mixtures, and medical gas equipment. Oxygen, Carbon Dioxide, Nitrogen, Nitrous Oxide, Medical Air, and Helium are the pure medical gases studied in this report, whereas the medical gas mixtures studied are Ethylene Oxide, Lung Diffusion Mixtures, Carbon Dioxide–Oxygen Mixtures, Nitrous Oxide–Oxygen Mixtures, Anaerobic Gas Mixtures, Aerobic Gas Mixtures, Helium-Oxygen Mixtures, Laser-Gas Mixtures, and blood-gas mixtures. The devices used in medical gas administration and management are hose assemblies, manifolds, outlets, regulators, compressors, vacuum systems, masks, alarm systems, and cylinders and accessories.

Based on end-uses, the global medical gases market is categorised into hospitals and clinics, home healthcare, research and academia, and the pharmaceutical and biotechnology industries. Market size and forecast (in USD million) for each mentioned segment for the period 2014–2022, along with respective CAGRs for the forecast period 2016–2022, are provided in this study, along with the significant market trends witnessed.

Based on geographic distribution, the major regions and country-level markets are categorized as follows:

  • North America
  •  United States
  •  Canada
  • Europe
  •  Great Britain
  •  Germany
  •  Rest of Europe
  • Asia-Pacific
  •  Japan
  •  China
  •  Rest of Asia-Pacific
  • Middle East and Africa
  • Latin America

Market size and forecast for each segmentation level are incorporated in this study for 2014–2022, along with respective compound annual growth rates (CAGRs) for 2016–2022, considering 2015 as the base year.

Along with market assessment in terms of historical, current, and future market sizes, qualitative information sets such as market dynamics (drivers, challenges, and opportunities), attractive investment propositions, Porter’s five forces assessment, and an executive summary for the global medical gases market are included in the report. Competition assessment for significant market players and an attractive investment proposition tool for the geographic markets are also included in the news for overall market competition scrutiny. This study concludes with a company profiles section, which includes major information about the key companies engaged in the development, manufacture, and sale of medical gases and equipment.

The market exhibits a comprehensive portfolio, classified into pure medical gases, medical gas mixtures, and medical gas devices. The detailed classification is as follows:

Pure gases are the largest segment among the product types studied in this scope. Significant growth in the geriatric population with a compromised immune system, thus presenting a high risk of chronic conditions, including respiratory disorders like chronic obstructive pulmonary disorder that demand regular oxygen administration, drives the growth of this segment. Additionally, the medical gas mixtures segment is anticipated to undergo faster growth during the forecast because of their demand in procedures such as cardiopulmonary bypass surgery, renal dialysis, serialization, and other such procedures and processes. Rapid growth in the prevalence of chronic diseases demand medical gas administration at various stages of disease management and control. Hence, a key factor driving the growth of the medical gas market. As the demand for the administration of such gases is growing and technical advances are taking place in this field, corresponding progress in the medical gas devices segment is anticipated to occur during the forecast period.

The global medical gases market is studied for the following end-uses:

  • Hospitals and Clinics
  • Home Healthcare
  • Academic and Research
  • Pharmaceutical and Biotechnology Industry

Among the considered end-users, hospitals and clinics are the most significant segments for medical gases. The consumption of all forms of medical gases commercially available is high in hospitals. The requirement of medical gases in medical procedures such as surgeries, intensive care, and emergency response, as well as the high prevalence of medical procedures being conducted worldwide, contribute to the dominance of the hospitals and clinics segment. On the other hand, the home healthcare segment is anticipated to undergo the fastest growth during the forecast period. The trending shift from hospital to home care is a crucial facilitator for the development of this segment. In line with this movement, the regulatory bodies are gradually making way for the robust establishment of this segment.

Geographically, the medical gases market is cumulative across North America, Europe, Asia-Pacific, the Middle East, Africa, and Latin America.

Further elucidation of this segmentation is as follows:

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, and the Rest of Europe)
  • Asia-Pacific (Japan, China, and the Rest of Asia-Pacific)
  • Latin America
  • Middle East and Africa

North America is the largest regional market for medical gases. The high number of medical procedures conducted, the higher prevalence of respiratory disorders and other chronic diseases, and the existence of advanced healthcare infrastructure in the region are the major drivers. Another key driver of the North American medical gas market is the phenomenal rise of the home healthcare segment. Asia-Pacific is the fastest-growing market for medical gases. The rapid development of healthcare infrastructure in emerging economies and a high shift in medical tourism in the region are the key drivers of the Asia-Pacific medical gases market.

Frequently Asked Questions:

The market for Medical Gases Market is expected to reach USD 6,996.4 Mn in 2023.

The Medical Gases Market is expected to see significant CAGR growth over the coming years, at 8.3%.

The report is forecasted from 2016-2022.

The base year of this report is 2015.

Air Liquide,Sol-Spa,Taiyo Nippon Sanso,Atlas Copco, The Linde Group. are some of the major players in the global market.

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Published Date:  Jul 2016
Category:  Pharmaceuticals
Report ID:   57977
Report Format:   PDF
Pages:   120
Rating:    4.1 (50)
Delivery Time: 24 Hours to 48 Hours   
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