Medical Gases Market Size 2019, Global Industry Analysis,Share, Trends, Status and Future Forecast

The major factors driving the growth of this market include rising aging population and subsequent increase in chronic diseases like COPD and asthma, growing home healthcare market, and growing smoking prevalence.

ID: 1549826
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(businesspress24) - According to the new market research report   Forecast to 2023

By product, the Medical Gas Market segment is expected to account for the largest share of the Medical Gas Market

Based on the product, the market is broadly divided into medical gases and medical gas equipment. Increasing use of medical gases for the diagnosis and treatment of various respiratory diseases such as COPD, asthma, and other medical conditions such as cardiovascular and lifestyle diseases are further expected to drive the demand of medical gases during the forecast period.

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The therapeutic segment will witness the highest growth in the market, by application

Based on application, the Medical Gas Market is segmented into therapeutics, diagnostics, pharmaceutical manufacturing and research, and others. The therapeutic segment is expected to account for the largest share of the global Medical Gas Market during the forecast period of 2018 to 2023. The large share of this segment can be attributed to rising incidences of cardiovascular diseases and increasing prevalence of respiratory disorders due to lifestyle changes, rising pollution levels, and growing smoking prevalance.

North America, the largest regional market for medical gases and equipment

North America is expected to account for the largest share of the Medical Gas Market in 2018, followed by Europe and the Asia Pacific. The increasing adoption of technologically advanced medical gases and equipment products, growing ageing population, the high healthcare expenditure, presence of advanced healthcare infrastructure, highly developed healthcare systems in the US and Canada, and the presence of a large number of leading medical gases and equipment manufacturers in the region, are responsible for the large share of the North American Medical Gas Market.



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The prominent players in the Medical Gases Market include Air Products and Chemicals, Inc. (U.S.), The Linde Group (Germany), Taiyo Nippon Sanso Corp. (Japan), SOL-SpA (Italy), Air Liquide (France), Praxair, Inc. (U.S.), Atlas Copco (Sweden), Messer Group (Germany), and GCE Holding AB (Sweden).



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medical-gas-and-equipment-market, medical-gases-market,



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Date: 06/12/2019 - 05:42
Language: English
News-ID 1549826
Character count: 3844
Kontakt-Informationen:
Firma: marketsandmarkets
Ansprechpartner: shelly singh Feedback to businesspress24.com about Pressrelease-id:
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Meldungsart: Financial
Versandart: send
Freigabedatum: 12.06.2019
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