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(India.CityRegions.Com, June 30, 2018 ) The medical gases market is estimated to represent a global market of USD 7.7 billion by 2017 with growth rate of 7.1%. Medical gases are pharmaceutical molecules, specifically used for the medical, biotechnology and pharmaceutical industries. These are widely used for the treatment of patients in hospitals, clinics as well as in emergency services. Additionally, these are used to synthesize, insulate or sterilize medical products. Increasing prevalence of lifestyle and chronic diseases stimulate the market for medical gas during the future period. According to the WHO, the chronic diseases (chronic respiratory diseases, heart disorder, stroke, cancer, and diabetes) are responsible for 38 million deaths (around 68% of all deaths worldwide) in 2012. Each year, 16 million people die from NCDs before the age of 70. Additionally, constant aging population, growing demand for home care, and technological advancements will support the market growth to great extent. However, medical gases and its associated equipment are highly regulated by the Center for Drug Evaluation and Research and the U.S. Food and Drug Administration. A violation of the act leads to court-enforced trials including seizure of the finished product, ingredients, and the equipment; a permanent or temporary ban on the manufacturing or filling of compressed medical gases; and criminal prosecution. Such facts will hamper the market growth. Product Takeaway Pure gases, Medical Gas Mixtures, and Medical Gas Equipment are the product segments of the market. Among which, medical gas equipment accounted for the largest share of the market, more than 52% share in 2017. The pure gas segment is divided into Oxygen, Medical Air, Helium, Carbon Dioxide, Nitrogen, and others. These gases are used in variety of medical applications. For example, oxygen is a medical gas, used in all healthcare setting. It is also used for inhalation and resuscitation therapy. Oxygen is used for the treatment of conditions such as cyanosis, COPD, carbon monoxide poisoning, shock, hemorrhage, trauma, respiratory arrest, and cardiovascular disorders. Request a Free Sample Copy@ http://www.reportsweb.com/inquiry&RW00011433636/sample
Gas Mixture & Equipment Segment Takeaway Gas mixture segment is bifurcated into Helium-Oxygen Mixtures, Carbon Dioxide-Oxygen Mixtures, Blood Gas Mixtures, Oxygen-Nitrous Oxide Mixtures, Laser Gas Mixtures, Lung Mixtures and others. By Equipment, the market is categorized as Manifolds, Vacuum Systems, Alarm Systems, Flowmeters, Cylinders, and others. Manifolds and Vacuum Systems are major revenue generating product segment in 2017 and expected to dominate the market over the forecast period. SCOPE OF THE REPORT The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCTS Pure gases Oxygen Medical Air Helium Carbon Dioxide Nitrogen Others Medical Gas Mixtures Helium-Oxygen Mixtures Carbon Dioxide-Oxygen Mixtures Blood Gas Mixtures Oxygen-Nitrous Oxide Mixtures Laser Gas Mixtures Lung Mixtures Others Medical Gas Equipment Manifolds Vacuum Systems Alarm Systems Flowmeters Cylinders Others
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MARKET, BY APPLICATION Therapeutics Diagnostics Others MARKET, BY REGION
North America Europe Asia Pacific Rest of the World
Key Vendor Takeaway The market is competitive in nature. Companies such as BeaconMedæs, Air Liquide, The Linde Group, the H.A.C. Group, Matheson, and a few others present in this market. Companies are investing rigorously to develop new or more efficient medical gas products. For example, SCI Analytical manufacture and supplies a wide range of medical gases and products that can be used by medical devices and pharma distributors as well as manufacturers. The company employs professional engineers, specialized gas scientists and research and development technicians to design new technology integrated medical gas products. The years considered for the study are: Historical Year - 2014 & 2015 Base Year - 2015 Estimated Year - 2016 Projected Year - 2025 TARGET AUDIENCE
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Manufacturers Hospitals Government and Regional Agencies and Research Organizations Consultants Distributors
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Source: EmailWire.Com
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