Healthcare Biometrics Market

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MarketsandMarkets Presents

• Global Medical Gases Equipment Market
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In this report, the medical gases market is
segmented on the basis of product, application,
end user, and region. The research report also
discusses the key market drivers, restraints,
challenges, and opportunities in the global
market and its submarkets. The market is further
classified into medical gases and medical gas
equipment. The medical gases segment is further
segmented into pure gases and medical gas
mixtures. The pure gases market is further
sub-segmented as by type and by form of delivery.
The medical gas equipment market is primarily
sub-segmented into equipment accessories, oxygen
concentrators, gas delivery systems, and
cryogenic products (freezers). On the basis of
application, the medical gases market is
segmented into therapeutic, diagnostic,
pharmaceutical manufacturing and research, and
other applications. On the basis of end user, the
market is segmented into hospitals, home
healthcare, emergency services, pharmaceutical
industry, and academic and research institutions.
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The global medical gases market is expected to
reach USD 19.96 Billion by 2021 from USD 13.58
Billion in 2016, at a CAGR of 8.0 during the
forecast period. Increasing prevalence of
respiratory diseases, growing home healthcare
market, rising aging population, implementation
of the U.S. Food and Drug Administration (FDA)
Safety and Innovation Act, rapid urbanization,
high prevalence of tobacco smoking, and changing
eating habits have contributed to the growth of
this market. However, factors such as changes in
medical gas calibration standards, global
shortage of helium, and declining federal
reimbursements for respiratory therapies may
restrain the growth of this market during the
forecast period.
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• The medical gases product segment accounted for
  largest share of the medical gases market in
  2015. Population growth and aging population,
  coupled with the increasing prevalence of chronic
  diseases such as COPD and sleep apnea, are the
  growth drivers contributing to the growth of the
  medical gas and equipment market. Moreover,
  increasing healthcare awareness and
  affordability, backed by rising healthcare
  spending in developing countries, is expected to
  contribute to the growth of this market during
  the forecast period.
• Geographically, the global market is divided into
  North America, Europe, Asia-Pacific, Latin
  America, and the Middle East Africa.

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