The global medical gases and equipment market is anticipated to grow at a considerable CAGR of 11.3% during the forecast period. The major factor responsible for the growth of respiratory diseases in the market includes smoking, asbestos, radiation, air pollution, and family history. According to Lung Cancer Research Foundation, smoking is responsible for 80% of lung cancer death, and 20% of deaths are caused among those people who never smoke.
Browse the full report description “Global Medical Gases and Equipment Market Size, Share & Trends Analysis Report by Pure Gases (Oxygen, Carbon Dioxide, Nitrogen, Medical Air, and Helium), by Gas Mixture (Aerobic Mixture, Anaerobic Mixture, Carbon Dioxide-Oxygen Mixture, Oxygen-Nitrous, Oxide Mixture, Helium-Oxygen Mixture, Blood Gas Mixture, Laser Gas Mixture, Lung Gas Mixture, Nitrous Oxide, and Ethylene Oxides), by Component (Cylinders, Alarm Systems, Manifolds, Outlets, Flowmeters, Regulators, Medical Air Compressors, Vacuum Systems, and Others), by End User (Hospitals and Clinics, Medical Institutions, Home Healthcare Emergency, and Remote Services), and by Therapeutics (Respiratory Medical Gases, Cvd Medical Gases, Aesthetic Medical Cases, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/medical-gases-and-equipment-market
Another factor that is propelling the growth of the market over the forecast period is the increase in developments and launches of new products by market players. For instance, in April 2022, GE Healthcare software that automates anesthesia and minimizes greenhouse gas emissions during surgery has been authorized by the FDA. The software has been approved for use with the Aisys CS2 anesthetic delivery system from GE Healthcare. In April 2020, CryopAL, a subsidiary of Air Liquide S.A. that manufactures the Freelox line of liquid oxygen vessels for medical applications, doubled its production capacity for Freelox vessels from 100 to 300 vessels per week.
Some other new product development and launches include-
For instance, in January 2020, According to BeaconMedaes LLC, the new dMED Medical Air Purification Module saves up to 65 percent of floor space and is 35 percent lighter than the old version. In October 2019, NOVAIR demonstrated its extensive variety of medical oxygen on-site production solutions at the Hôpital Expo Paris in Paris, France.
Market Coverage
Segment Covered-
Regions Covered-
Competitive Landscape- Air Liquide, Air Products and Chemicals Inc., Amico Group of Companies, Atlas Copco, BeaconMedaes, the Linde Group, Flogas, Messer Group GmbH, and others.
Key questions addressed by the report
oRecovery Timeline
oDeviation from the pre-COVID forecast
oMost affected region/segment
Global Medical Gases and Equipment Market– Segmentation
By Pure Gases
By Gas Mixture
By Component
By End-User
By Therapeutics
Global Medical Gases and Equipment Market by Region
North America
Europe
Asia-Pacific
Rest of the World
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