Medical Gases and Equipment Market Research Report
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Global <strong>Medical</strong> <strong>Gases</strong> <strong>and</strong> <strong>Equipment</strong><br />
<strong>Market</strong> (Size of $12,607.2 Million in<br />
2015) to Witness 8% CAGR During 2016<br />
– 2022<br />
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<strong>Medical</strong> <strong>Gases</strong> <strong>and</strong> <strong>Equipment</strong> <strong>Market</strong><br />
The global medical gases <strong>and</strong> equipment market was valued at $12,607.2<br />
million in 2015 <strong>and</strong> growing at a CAGR of 8.0% during the forecast period.<br />
The home healthcare segment in the global medical gases <strong>and</strong> equipment<br />
market is expected to witness the fastest growth, a CAGR of 8.4% during<br />
the forecast period.<br />
The global medical gases <strong>and</strong> equipment market is growing at a significant<br />
rate due to growing geriatric population, increasing prevalence of lifestyle<br />
associated diseases, <strong>and</strong> increasing dem<strong>and</strong> of home healthcare. The<br />
technological advancement <strong>and</strong> increasing incidence of respiratory diseases<br />
is also driving the growth of the global medical gases <strong>and</strong> equipment<br />
market. However, the factors such as shortage of helium <strong>and</strong> changes in<br />
medical gas calibration st<strong>and</strong>ards are inhibiting the growth of the market<br />
globally.<br />
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<strong>Medical</strong> <strong>Gases</strong> <strong>and</strong> <strong>Equipment</strong> <strong>Market</strong><br />
<strong>Medical</strong> gases are the lifesaving system in hospitals that enables healthcare<br />
professionals to provide better <strong>and</strong> safer patient care. It is supplied with the<br />
help of medical gas system, which assembles supply piped nitrogen, oxygen,<br />
medical air, carbon dioxide <strong>and</strong> nitrous oxide. The medical gas systems are<br />
used in hospital areas, such as operating room, recovery room, <strong>and</strong> patient<br />
room.<br />
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<strong>Medical</strong> <strong>Gases</strong> <strong>and</strong> <strong>Equipment</strong> <strong>Market</strong><br />
Geographically, North America dominated the global market of medical<br />
gases <strong>and</strong> equipment in 2015. The market is expected to witness the fastest<br />
growth, a CAGR of 8.7%, in Asia-Pacific during the forecast period.<br />
Some of the key companies operating in the global medical gases <strong>and</strong><br />
equipment market include Air Products <strong>and</strong> Chemicals Inc., Linde Group, Air<br />
Liquide, <strong>Medical</strong> Gas Solutions, BeaconMedaes, Matheson Tri-Gas Inc.,<br />
Taiyo Nippon Sanso Corporation, <strong>and</strong> Praxair Technology Inc.
<strong>Medical</strong> <strong>Gases</strong> <strong>and</strong> <strong>Equipment</strong> <strong>Market</strong><br />
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