Global “Medical Gases and Equipment Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Medical Gases and Equipment in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Medical Gases and Equipment Market report categorizes the market based on manufacturers, regions, type, and application. Medical Gases and Equipment Market reports offer a detailed assessment of the Medical Gases and Equipment including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Medical Gases and Equipment market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The Medical gases and Equipment Market is expected to register a CAGR of about 8.1%, during the forecast period, 2018 to 2023. Medical gases are specialized gases, which are used for medical purposes, drug processing and research in biotechnology. The medical gas can be a single pure gas or a mixture of different gases. The common types of gases used are oxygen, ammonia, hydrogen, nitrous oxide, nitrogen, and carbon dioxide. The gas equipment, such as cylinder and masks are used to store and deliver gas.
Rise in the Ageing Population
Population aging is beyond compare. It is without equivalent in the human history the 21st century is witnessing swifter aging than the previous century. Life expectancy in Europe continues to rise: in 2010, it was around 75 years for men and 85 years for women. Most of the European population is aged 67 or over, which is a large population. This trend can be partly attributed to the falling mortality risks for both heart attacks and strokes. Since Europe is home to one of the largest elderly populations in the world and this results in higher number of lung diseases, healthcare provision remains a high government priority. Thus, the rapid increase in the aging population is a major factor driving the medical gases and equipment market. Other factors, like rise in lung disease due to increasing pollution will also boost market growth.
Regulatory Framework Concerns
Medical gases are considered prescription drugs because their use as drugs is unsafe without the supervision of a licensed practitioner or by properly instructed emergency personnel. Regulations regarding the purity of these substances are established by the United States Pharmacopeia/National Formulary (USP/NF). Specifically, medical gases are under the scrutiny of the United States Pharmacopeia and National Formulary, whose recommendations are legally enforced by the Food and Drug Administration. These strict regulations make it difficult for manufacturers to abide by them. This acts as a deterrent for the manufacturer to invest in the medical gases market. This acts as a restraint for the market growth. Other factors, like helium gas shortage will lead to the slowdown of the market growth.
North America to Witness Considerable Growth in the Forecast Period
North America accounted for the largest share of the medical gases and equipment market in 2017, followed by Europe. High usage of medical gases and equipment in the pharmaceutical sector, growing funding for environmental testing in the US, growing food safety concerns in the US, and government initiatives to improve lab infrastructure and propel fundamental scientific research in Canada will drive market growth during the forecast period.
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The global Medical Gases and Equipment market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Medical Gases and Equipment Market Report covers the Top Key-players in 2021:-
- Air Liquide
- Airgas Inc.
- Atlas Copco
- Matheson Tri Gas
- Messer Group Gmbh
- Taiya Nippon Sanso
- The Linde Group
Highlighted points of Medical Gases and Equipment Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Medical Gases and Equipment Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Medical Gases and Equipment? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Medical Gases and Equipment Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Medical Gases and Equipment Market? What Was Capacity, Production Value, Cost and PROFIT of Medical Gases and Equipment Market?
- What Is Current Market Status of Medical Gases and Equipment Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Medical Gases and Equipment Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Medical Gases and Equipment Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Medical Gases and Equipment Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Medical Gases and Equipment Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Medical Gases and Equipment Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Medical Gases and Equipment Industry?
Key Developments in the Medical Gases and Equipment Market:
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Finally, the report Global Medical Gases and Equipment Market 2021 describes the Medical Gases and Equipment industry expansion game plan, the Medical Gases and Equipment industry knowledge supply, appendix, analysis findings, and the conclusion.
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