(EMAILWIRE.COM, September 06, 2018 ) In the year 2018 Global Medical Gases and Equipment market is valued at USD 18.25 Billion. By the year 2023, it is predicted to reach USD 27.44 Billion with a pace of 8.5% CAGR. Medical Gases and Equipment Medical gas supply systems in hospitals and other healthcare facilities are utilized to supply specialized gases and gas mixtures to various parts of the facility. Products handled by such systems typically include:
• Oxygen
• Medical air
• Nitrous oxide

Medical gases and pharmaceutical gases are the special purpose gases used for medical purposes, drug processing and various applications of biotechnology. Medical gases include pure gases and a mixture of gases for various medical processes. The gas equipment such as cylinder and masks are used to store and deliver gas.

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Factors affecting market growth:
The market for Medical Gases and Equipment is mainly driven due to
• The growing incidences of COPD, asthma, and other medical conditions like cardiovascular and lifestyle diseases (+)
• The technological innovation in the use of medical gases and an increase in demand for better healthcare facilities in developing economies. (+)
• The market growth can be restrained due to changes in medical gas calibration standards (-)
• The global shortage of helium, and declining federal reimbursements for respiratory therapies. (-)

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Market Segmentation
The Global Medical Gases and Equipment market is geographically segmented into
• North America
• Asia Pacific
• Latin America
• Europe,
• Middle-East and Africa.
North America is the biggest market in terms of market share across the globe, followed by Europe. The Medical Gases and Equipment market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to increasing healthcare awareness, rising health care expenditures, growth in the aging population, and growth in per capita income.

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Key players:
Most important industries contributing to the global market are Air Products and Chemicals, Inc. The Linde Group, Air Liquide, Praxair, Inc., Taiyo Nippon Sanso Corp., SOL-SpA, Airgas, Inc., Atlas Copco, Messer Group, GCE Holding AB, Beacon Medaes, Medical Gas Solutions Ltd., Matheson Tri-Gas, Taiya Nippon Sanso, Atlas Copco, are the major players of Global Medical Gases and Equipment market.

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Abhishek Shukla
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