Medical Gas Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Factors such as the increasing prevalence of chronic diseases, rising pollution levels coupled with increasing incidence of respiratory diseases as a result of the high prevalence of tobacco use are expected to drive the market. As per CDC, In 2020, 12.5% of U.S. adults (an estimated 30.8 million people) smoked cigarettes: 14.1% of men, and 11% of women. Furthermore, the rising geriatric population along with the surging preterm birth cases and the rising prevalence of pulmonary diseases is significantly driving the market for medical gases. For instance, the WHO data states that more than 3.0 million people die each year from Chronic Obstructive Pulmonary Disease (COPD), accounting for approximately 6% of all deaths worldwide and might become the third leading cause of death in the world by 2030.

Download Free Sample of this Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=21856

According to UnivDatos Market Insights (UMI)’ research report “Global Medical Gas Market Analysis, 2021”, the Medical Gas market is projected to grow at a CAGR of ~7% during 2021-27F. Market expansion in emerging countries across developing regions and technological advancements are some major factors expected to present a wide range of opportunities for players in the market. Furthermore, increasing healthcare expenditure from private and public authorities, particularly in China and India, attracts medical gas market players to expand their operations in the Asia Pacific region, thereby supplementing the market growth. 

Based on the product type, the market is segmented into pure gases and a mixture of gases. The pure gases segment held a significant market share in 2020. The rising prevalence of chronic diseases and road accidents around the world are major factors driving the segmental growth. For instance, as per the United Nations, 2021 statistics, road accidents account for 1.3 million yearly deaths and 50 million injuries globally. As a result of the rising number of road accidents, the need for oxygen therapy in various life care settings is increasing exponentially.

Download Free Sample of this Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=21856

Based on application, the market is segmented into therapeutic, diagnostics, pharmaceutical manufacturing, and others. The therapeutic segment grabbed a significant share in the medical gas market in 2020. This is mainly due to the broad range of gases used in therapeutics. Furthermore, the rising number of surgeries and the rapidly increasing geriatric population, and the rising prevalence of various chronic diseases among them are responsible for the growth of the market for medical gases. The demand for the segment was also boosted by the COVID-19 pandemic due to its effect on the pulmonary system.

Based on end-users, the market is segmented into hospitals, ambulatory surgical centers, home healthcare, pharmaceutical, and biotechnology companies, and others. The hospital segment held a significant market share in 2020. In hospitals, all kinds of commercially available medical gases such as oxygen (O2), nitrogen (N2), medicinal air, CO2 (CO2), and nitrogen protoxide (N2O), are widely used. The medical gases are used in different medical procedures such as surgeries, emergencies, and in intense care units such as ICUs.

For more informative information, please visit us – https://univdatos.com/report/medical-gas-market/

North America to Grab Lion’s Share, and witnessed Explicit Growth

For a better understanding of the market for the medical gases, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market in the medical gas industry owing to the presence of well-established infrastructure and rising geriatric population in the region along with the availability of market players and frequent product launches in the region. For instance, GCE Healthcare launched a new design for a high-pressure gas regulator named MediTec™ that can be utilized for both resuscitation and cluster headache treatments. North America is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Medical Gas Market Analysis, 2021”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Medical Gas Market include Air Products and Chemicals, Inc., Linde Group, Air Liquide, Praxair, Inc., Taiyo Nippon Sanso Corp., SOL SpA, Atlas Copco, Messer Group GmbH, and GCE Holding AB., among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Medical Gas Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Medical Gas providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

For more informative information, please visit us – https://univdatos.com/report/medical-gas-market/

Market Segmentation:

1.     By Product Type (Pure Gases and Mixture Of Gases)

2.     By Application (Therapeutic, Diagnostics, Pharmaceutical Manufacturing, and Others)

3.     By End-users (Hospitals, Ambulatory Surgical Centers, Home Healthcare, Pharmaceutical and Biotechnology Companies, and Others)

4.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.     By Company (Air Products and Chemicals, Inc., Linde Group, Air Liquide, Praxair, Inc., Taiyo Nippon Sanso Corp., SOL SpA, Atlas Copco, Messer Group GmbH, and GCE Holding AB., etc.)

Key questions answered in the study:

1.     What are the current and future trends of the Medical Gas industry?

2.     How the industry has been evolving in terms of product type and application?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the Medical Gas industry?

5.     What is the customer orientation, purchase behavior, and expectations from the Medical Gas firms across various regions? 

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL MEDICAL GAS MARKET COVID-19 IMPACT

6 GLOBAL MEDICAL GAS MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY PRODUCT TYPE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY END-USERS

10 MARKET INSIGHTS BY REGION

11 MEDICAL GAS MARKET DYNAMICS

12 MEDICAL GAS MARKET OPPORTUNITIES

13 MEDICAL GAS MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER 

Browse Other Related Research Reports from UnivDatos Market Insights

·       Venous Stents Market to exceed US$ 2 Billion by 2027 Globally |CAGR: 9%|

·       Oncology Therapeutics Market to exceed US$ 247.5 Billion by 2027 Globally |CAGR: 8.2%|

·       Neuromodulation Devices Market to exceed US$ 11.7 Billion by 2027 Globally |CAGR: 8.4%| 

·       Digital Health Market to exceed US$ 746 Billion by 2027 Globally | CAGR: 26.3% |