(PRWEB) April 14, 2014
The “Medical Gases and Equipment Market by Gases (Oxygen, Medical Air, Nitrogen, Nitrous-oxide, Helium, Blood-gas Mixture, Nitrous Oxide-Oxygen Mixture), by Equipment (Cylinders, Manifolds, Regulators, Flowmeters) - Global Forecast to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and Rest of the World.
Browse more than 95 market data tables with 56 figures spread through 275 pages and in-depth TOC on "Medical Gases Market"
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This report studies the global medical gases and equipment market, with forecast to 2018. The market is valued at $10,416 million in 2013 and is forecasted to grow at a healthy CAGR from 2013 to 2018.
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The medical gases and equipment market has experienced extensive growth in the past few years, mainly attributable to the growing aging population and the resultant increase in the prevalence of chronic respiratory diseases, and the advancements in the pharmaceutical industry. However, the frequently changing regulatory concerns regarding medical gas standards that result in high costs as well as global helium shortage are some of the major challenges to the growth of the market.
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The global market is segmented into products, applications, geographic regions, and countries. It also discusses the key market drivers, restraints, and opportunities of this market and its submarkets.
The market is mainly driven by the growing aging population and the increasing home healthcare market. Advancements in technologies and devices coupled with the trend of continuous monitoring of diseases are also significantly compelling healthcare providers and payers to shift their focus from hospital care to home care settings. However, the factors restraining the growth of the medical gases market are the global helium shortage, changes in medical gas standards resulting in high costs, and declining federal reimbursements for respiratory therapies.
North America is the major market with around 40– 45% share of the global pie, followed by Europe with nearly 33% share. Aging population coupled with the increasing incidence of chronic respiratory diseases respiratory diseases like asthma and chronic obstructive pulmonary disorder (COPD), and increasing trend of shifting towards more patient care in home settings other than hospitals have led to the large market share for North American and European medical gases and equipment markets.
The major players in the market include Linde Group (Germany), Praxair Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), Air Liquide (France), Taiyo Nippon Sanso Corp. (Japan), Airgas Inc. (U.S.), Messer Group (Germany), Atlas Copco (Sweden), Matheson Tri Gas Inc. (U.S.), and SOL-SpA (Italy).
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