Medical Gas Equipment Market is Expected To Get US $6.20 billion by 2022

The Medical Gas Equipment Market was worth USD 2.90 billion in the year 2012 and is expected to reach approximately USD 6.20 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 7.89% during the forecast period. Growing rates of respiratory issue combined with the advent of positive United States Food and Drug Administration directions is relied upon to drive medical gas equipment market request throughout the following years. Developing worldwide base of aged populace and expanding commonness of way of life propensities, for example, smoking and absence of physical activity are activating occurrence rates of respiratory issue. World Health Organization (WHO) distributed estimates recommend that the worldwide base of populace of the age group- 65 years or more is required to ascend from 7 percent of every 2000 to 16 percent out of 2050. Besides, developing interest for healthcare and point of care markets and the resulting presentation of medical devices that are portable are anticipated to support market demand. The global medical gas equipment market is anticipated to witness significant development in the following years.

Regional Outlook and Trend Analysis

Major regional sections of medicinal gas equipment incorporate Asia-Pacific, Europe, North America and RoW. North America ruled the general therapeutic gas equipment market on the basis of income share in 2013. The existence of advanced healthcare framework, high volume of minimally invasive medical and execution of the United States Food and Drug Administration Safety and Innovation Act are a few elements ascribing to its substantial share. In 2013 Europe was the second most profit generating district of the medicinal gas equipment market. The existence of affiliations, for example, the European Industrial Gasses Association and Medical Gas Association combined with modern healthcare foundation in developed Western European nations are a few variables anticipated that would drive regional development. Additionally, the existence of advantageous development opportunities in the rising Eastern European markets, for example, Poland and Russia is relied upon to serve the European medicinal gas hardware showcase with future development openings. Asia Pacific medical gas equipment market is anticipated to develop at the speediest CAGR amid the figure time frame inferable from the nearness of quickly enhancing healthcare framework, consciousness of patients and healthcare spending levels in the developing markets of China and India.

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Competitive Insights

The global market has a wide existence of local producers who popularize their products in terms of cost by exploiting their pre-built up supply channels. Likewise, the existence of constrained item separation openings and the section of producers with substantial income bases, for example, Atlas Copco are anticipated to keep the business contention at abnormal states all through the conjecture time frame. Some of the major players in the market are The Linde Group, Allied Health Care, Air Liquide India Holding Pvt Ltd, Powerex, Medical Gas Solutions Ltd, Ohio Medical, Praxair, BeaconMedaes, Matheson Tri-Gas and Air Products & Chemicals. In 2013 the global market was dominated by Air Liquide. The existence of a broad product portfolio, lucrative adoption of development methodologies, for example, ALMA – 2015 and sales development accomplished by means of putting resources into rising Latin American, Eastern European and Asian economies and tapping on the accessible development openings are a few elements representing its market position.

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Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Increasing Geriatric Population

3.2.1.2.    Growing Demand for Point of Care Diagnostics and Home Healthcare

3.2.1.3.    Favorable regulatory Policies

3.2.2.  Restraints

3.2.2.1.    Shortage of Helium

3.2.3.  Opportunities

3.2.3.1.    Emerging Economies to Offer Lucrative Growth Opportunities

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