SYNOPSIS The report provides market analysis, information and insights into “Medical gases equipment Industry Overview” About Medical gases equipment Industry Medical gases are used in healthcare industries. They are used either by patients directly, in medical procedures for sterility purposes, or as coolants. Medical gases and equipment industries are growing swiftly worldwide, due to a rising number of hospitals, home healthcare and other healthcare facilities. Moreover, this market is anticipated to grow in the future due to growing elderly population, rise in (COPD) chronic obstructive pulmonary diseases and asthma. Advancements in pharmaceutical and biotechnology industries would also drive this market. The permissive regulations by the industries in this sector such as Safety and Innovation Act by FDA and growing patient awareness are the key opportunities that drive this market. View more details @http://www.bigmarketresearch.com/medical-gases-equipment-market
Medical Gases and Equipment Market Analysis : Medical Gases and Equipment Market Analysis By Products On the basis of products, this market is segmented into medical gases and medical gas equipment. The medical gases are sub-segmented into pure medical gases and medical gas mixtures. Pure medical gases such as oxygen, which have a high demand due to increasing respiratory diseases, dominated the market in 2013. Additionally, rise in patients’ demand for emergency care has sustained the market growth. Nitrous oxide holds the second highest market share after oxygen; however, this is expected to witness a fall by 2020, due to the widespread usage of anesthetic drugs. Medical Gases and Equipment Market Analysis By End Users Based on end-users, the medical gases and equipment market can be segmented into home healthcare, hospitals (labs and clinics), pharmaceutical and biotechnology industries and universities/research institutions. Hospitals have the highest market share due to growing number of patients suffering from respiratory diseases such as COPD, asthma, sleep apnea syndrome. Growing demand for emergency medical care from patients is also equally contributing to the market share. Additionally, the growing aging population and their demand for home care, rather than hospitals, have been accelerating the growth of home healthcare market, which is anticipated to influence the growth rate in the future.
KEY MARKET SEGMENTS • Geographically, the market is segmented into various regions such as North America, Europe, Asia Pacific and LAMEA. North America has the largest market share followed by Europe. Developed economies for example, the U.S. and Canada hold the majority of the market share due to disposable income and prevailing sophisticated medical infrastructure in these countries. Asia-Pacific is expected to grow at the fastest CAGR during the forecast period, due to factors such as a growing elderly population, increasing cases of respiratory diseases and others. Economic development, which would support the pharmaceutical and biotechnology industries, coupled with improvement of the healthcare infrastructure in emerging countries such as India and China would drive the medical gases and equipment market in this region.
MARKET OVERVIEW Competitive Analysis The major companies profiled in this report are Air Products and Chemicals Inc. (U.S.), Linde group (Germany), Air Liquide (France), Praxair Inc (U.S.), Taiyo Nippon Sanso Corp. (Japan), Messer Group (Germany), Airgas Inc. (U.S.), Atlas Copco (Sweden), SOL-SpA (Italy), and Matheson Tri Gas, Inc. (U.S.). Manufacturers and the players involved in this market are adopting new technologies to improve their products and are focusing on fulfilling the current demand for this product in the healthcare industries. High level Analysis This study provides an overview of the medical gases and equipment market and its key concerns. The report analyzes the strength of buyers & suppliers and the threat of substitute products and new entrants, based on Porter’s Five Force Model. Demand for products, which are novel, innovative and of a superior quality, and a rise in the demand for this product due to prevalence of respiratory diseases and growing elderly population are responsible for increasing the bargaining power of the suppliers.
SUMMARY Changing regulatory policies regarding the standards of medical gases, resulting inflated prices, is the major restraint for the growth of this market. Additionally, the global shortage of helium gases is also a major challenge faced by the players in the medical gases and equipment market. The permissive regulations by the industries in this sector such as Safety and Innovation Act by FDA and growing patient awareness are the key opportunities that drive this market. Growing geriatric population, which is prone to many targeted diseases such as COPD and other respiratory diseases, is also expected to contribute to the market demand in the future. Enquire About Report @http://www.bigmarketresearch.com/report-enquiry/22875
CONTACT US Big Market Research Deep Joshi 5933 NE Win Sivers Drive, #205, Portland, OR 97220 United States Direct : + 1-503-894-6022 Toll Free : + 1-800-910-6452 Fax : +1 (855) 550-5975 Email: email@example.com Web: http://www.bigmarketresearch.com