Medical Gas and Equipment (Oxygen, Nitrous Oxide, Carbon Dioxide, Gas Mixture, Vacuum System, Manifold, VIPR, Hose) Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Medical Gas and Equipment Market by Type (Oxygen, Nitrous Oxide, Carbon Dioxide, Gas Mixture, Vacuum System, Manifold, VIPR, Hose) Application (Respiratory, Anesthesia, Medical Imaging, Cryosurgery) End User - Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The medical gases and equipment market is expected to reach USD 20.0 billion by 2023 from an estimated USD 14.0 billion in 2018, at a CAGR of 6.2%.
The major factors driving the growth of this market include the rising ageing population and subsequent increase in chronic diseases like COPD and asthma, growing home healthcare market, and the growing smoking prevalence. However, factors such as declining federal reimbursements for respiratory therapies and global helium shortage are limiting the market growth.
On the basis of application, the medical gases and equipment market is segmented into therapeutic, diagnostic, pharmaceutical manufacturing and research, and other applications. The therapeutic segment is expected to register the highest CAGR during the forecast period. The rising incidences of cardiovascular and respiratory diseases and growing smoking prevalence are the major factors driving the growth of this market segment.
On the basis of end user, medical gases and equipment market is segmented into hospitals, home healthcare, emergency service centers, pharmaceutical & biopharmaceutical companies, academic institutes and research institutes, and other end users. The home healthcare segment is expected to witness the highest CAGR owing to the rising healthcare costs, the rapid growth in aging population globally and the subsequent rise of chronic diseases.
The development of novel and technologically advanced products, coupled with the increasing awareness and acceptance of home care devices among patients, is expected to propel the growth of the home healthcare segment during the forecast period.
Key Topics Covered:
1 Medical Gas Market: Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
6 Industry Insights
7 Medical Gas Market: By Type
8 Medical Gas Market: By Application
9 Medical Gas Market, By End User
10 Medical Gas Market, By Region
11 Medical Gas Market: Competitive Landscape
12 Company ProfilesAir Liquide Air Products and Chemicals, Inc. Amico Corporation Atlas Copco AB Gce Holding AB Medical Gas Solutions Limited Messer Group GmbH Praxair, Inc. Rotarex S.A. Sci Analytical SOL SPA Taiyo Nippon Sanso Corporation (Matheson Tri-Gas Inc.) The Linde Group
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Related Topics:Medical Devices
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 12/18/2018 01:31 PM/DISC: 12/18/2018 01:31 PM