(MoneyNewsWire.Net, January 05, 2018 ) The North America Medical Gases and Equipment market has been estimated at USD 5.12 Billion in 2016 and is projected to reach USD 7.59 Billion by 2021, at a CAGR of 8.2% during the forecast period from 2016 to 2021. Medical gases are termed as medicinal products and the related equipment as medical devices; and these are widely used in pharmaceutical and biotechnology industries. They are frequently used by healthcare professionals for diagnostic and treatment purposes. It has a wide range of applications in the pharmaceutical and biotechnology industry, such as drug discovery and development, pharmaceutical manufacturing, and cell culture studies.
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The market for Medical Gases and Equipment is mainly driven due to increasing incidences of chronic respiratory diseases, implementation of the industry friendly regulations (such as FDA Safety and Innovation Act) and increasing research in the field of biotechnology. But, the market growth can be restrained due to shortage of helium, largely concerning the manufacturers of medical equipment, and the stringent government rules and regulations.
North America market for Medical Gases and Equipment is segmented based on Product, Application and End-users. By Product, the market is further sub-segmented into Medical Gases (Pure Medical Gases by Type, by Form of Delivery), Medical Gas Mixtures (Blood Gas Mixtures, Lung Diffusion Mixtures, Nitrous Oxide-Oxygen Mixtures, Carbon Dioxide-Oxygen Mixtures, Laser Gas Mixtures, Aerobic Mixtures, Anaerobic Mixtures, Ethylene Oxide, Helium Oxygen Mixtures), Medical Gas Equipment (Equipment Accessories, Oxygen Concentrators, Gas Delivery Systems, Cryogenic Products (Freezers)). By Application, the market is further sub-segmented into Therapeutic (Respiratory Diseases, Cardiovascular Diseases, Anesthesia, Cryosurgery), Diagnostic, Pharmaceutical Manufacturing and Research. By End-users, the market is further sub-segmented into Hospitals, Home Healthcare, Emergency Services, Pharmaceutical Industry, Academic & Research Institutions.
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Geographically, North America market for Medical Gases and Equipment is segmented into U.S. and Canada. North America is the biggest market in terms of market share across the globe. The market in North America is highly driven due to factors like presence of a well-established medical gases market, high prevalence of patients with respiratory disorders, and growing aging population.
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 North America Medical Gases and Equipment market.
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