Medical Gas Market research report has a lot to offer and hence it plays a very important role in growth. It describes thorough study of current situation of the global market along with several market dynamics. Being a premium market research report, this report works as an innovative solution for the businesses in today’s revolutionizing market place. This market report gives the best outcome because it is structured with a nice blend of advanced industry insights, practical solutions, talent solutions and latest technology. The universal A market report takes into account plentiful aspects of the market analysis which many businesses demand.
A market research report is one of the key factors used in maintaining competitiveness over competitors. The industry report also comprises of reviews about key players, major collaborations, merger & acquisitions along with trending innovation and business policies. For market segmentation study conducted in this report, a market of potential customers is divided into groups or segments based on different characteristics such as application of product, deployment model, end user and geographical region etc.
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Global Medical Gas Market was valued at USD 2.56 billion in 2021 and is expected to reach USD 4.37 billion by 2029, registering a CAGR of 6.9% during the forecast period of 2022-2029. The “therapeutics applications” accounts for the largest application segment in the medical gas market within the forecasted period owing to its high demand as medicinal products and the related equipment in healthcare facilities. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Medical Gas Market Definition
Modern medicine relies heavily on gases. Gases help with breathing and anesthetic and allow professionals to analyze the functioning of the lungs and cardiovascular system. They are also used in diagnosis and cryosurgery. Medical gas basically refers to medicinal gaseous molecules that provide medical solutions. Medical gas is sterile and free of contaminants. It is used in hospitals to synthesize, sterilize, or insulate processes or products that benefit human health and inhaled by patients in a practice called as gas therapy.
Medical Gas Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Rapidly Growing Health Issues
The factors such as the increasing prevalence of chronic diseases and rising incidence of preterm births are the most significant factors driving the growth for this market. Also, the rising pollution levels and high prevalence of tobacco use, which cause various respiratory diseases, are expected to accelerate the market’s overall growth.
Furthermore, the rising healthcare expenditure from public and private authorities and increasing demand for advanced medical gas equipment, such as vacuum systems and manifolds are also expected to fuel market growth. Moreover, the rising awareness among the patients and doctors regarding the chronic diseases and increase in home healthcare application also cushions the market’s growth within the forecasted period. An increase in funding for medical gas-related research activities combined with the rising investments in extensive research and development activities is also projected to bolster the market’s growth.
Opportunities
Advancements and Innovations Offer Opportunities
Moreover, various technological advancements in medical science and market expansion in emerging economies are estimated to generate lucrative opportunities for the market. The introduction of advanced medical gas equipment coupled with installation of backup systems will further expand the medical gas market’s growth rate in the future.
Restraints/Challenges Global Medical Gas Market
Concerns Regarding Failure Of Medical Gas Equipment
The various incidences in past regarding the failure of medical gas equipment have resulted in fatalities and injuries, which is expected to obstruct market growth.
The imposition of various stringent regulations and standards pertaining to medical gas equipment are projected to challenge the medical gas market in the forecast period of 2022-2029. Moreover, the change in the medical gas calibration standards and the declining federal reimbursement for respiratory therapies also restrict the market’s overall growth.
This medical gas market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical gas market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Post COVID-19 Impact on Medical Gas Market
The medical gas market was largely industry impacted by the outbreak of COVID-19. With the commencement of the COVID-19, the healthcare services were found to be overburdened and falling short. Medical gases have seen a growth in demand, and medical gas equipment has seen a similar development. Several administrations have been reported to have sanctioned temporary healthcare facilities as well as infrastructure upgrades. However, supply networks were interrupted as a result of the restrictions on people and products mobility, which had a minor impact on industrial growth. The market is likely to gradually gain traction during the short-term forecast period, with conditions stabilizing and international trade showing signs of recovery.
Recent Developments
In July 2020, Air Liquide S.A. has agreed to buy South Africa’s largest oxygen producing facility. Sasol and Air Liquide have reached a deal for Air Liquide to buy and operate the plant. The move was made in order to boost the company’s overall production capacity and, as a result, its market position.
Global Medical Gas Market Scope
The medical gas market is segmented on the basis of product, application, method of separation and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Medical Gases
Medical Gas Equipment
On the basis of product, the medical gas market is segmented into medical gases and medical gas equipment. Medical gases have been further sub-segmented into pure medical gases and medical gas mixtures. Pure medical gases have been divided into type and form of delivery where type has been classified into carbon dioxide, oxygen, nitrogen, nitrous oxide, medical air and helium. The form of delivery has been classified into liquid cylinders, high pressure cylinders and bulk delivery. Medical gas mixtures have been divided into laser-gas mixtures, lung diffusion mixtures, blood-gas mixtures, anaerobic gas mixtures, nitrous oxide–oxygen mixtures, aerobic gas mixtures, carbon dioxide–oxygen mixtures, ethylene oxide and helium-oxygen mixtures. Medical gas equipment has been further sub-segmented into oxygen concentrators, cryogenic products, equipment accessories and gas delivery systems. The equipment accessories have been divided into flowmeters, manifolds, hoses optical, regulators, vacuum systems, suction regulators, medical air compressors, outlets, monitoring systems (Alarms and Monitors) and valves with integrated pressure regulators (VIPRS).
Application
Pharmaceutical Manufacturing and Research
Diagnostic Applications
Therapeutic Applications
Others
On the basis of application, the medical gas market is segmented into pharmaceutical manufacturing and research, diagnostic applications, therapeutic applications and others. The therapeutics applications will register a significant growth rate owing to its high demand as medicinal products and the related equipment in healthcare facilities. Pharmaceutical manufacturing and research has been further sub-segmented into pharmaceutical manufacturing, drug discovery, quality control and process development. Diagnostic applications have been further sub-segmented into medical imaging and general laboratory use. Therapeutic applications have been further sub-segmented into cardiovascular diseases, respiratory diseases, cryosurgery, anesthesia and other.
Method of Separation
Physical Separators
Fractional Distillation
Molecular Sieve
Semipermeable Membrane
Others
On the basis of method of separation, the medical gas market is segmented into physical separators, fractional distillation, molecular sieve, semipermeable membrane and others.
End User
Hospitals
Home Healthcare
Pharmaceutical and Biotechnology Companies
Academic and Research Institutions
Emergency Service Providers
Others
On the basis of end user, the medical gas market is bifurcated into hospitals, home healthcare, pharmaceutical and biotechnology companies, academic and research institutions, emergency service providers and others.
Medical Gas Market Regional Analysis/Insights
The medical gas market is analyzed and market size insights and trends are provided by country, product, application, method of separation and end user as referenced above.
The countries covered in the medical gas market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical gas market because of the relatively higher acceptance trends are observed among end-users and the high prevalence of patients with respiratory disorders within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the aging population, increasing healthcare awareness, and the developing healthcare infrastructure within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The medical gas market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical gas market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical gas market. The data is available for historic period 2010-2020.
Competitive Landscape and Medical Gas Market Share Analysis
The medical gas market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical gas market.
Some of the major players operating in the medical gas market are Air Products Inc., (U.S), Linde Plc (Germany), Air Liquide (France), Ellenbarrie Industrial Gases (India), Praxair Technology, Inc., (U.S), TAIYO NIPPON SANSO CORPORATION, (Japan), AIMS INDUSTRIES PRIVATE LIMITED (India), scicalgas (U.S), SOL Group (Italy), Atlas Copco AB (Sweden), Zaburitz Pearl Energy Co., Ltd., (Myanmar), Rotarex (Luxembourg), Messer Group GmbH (Germany), Amico Group, (UAE) and GCE Group (Sweden) among others.
Research Methodology : Global Medical Gas Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.
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This comprehensive report will provide:
Increase your industry knowledge
Keep you up-to-date with crucial market developments
Allow you to develop informed growth strategies
Build your technical insight
Illustrate trends to exploit
Strengthen your analysis of competitors
Provide risk analysis, helping you avoid the pitfalls other companies could make
Ultimately, help you to maximize profitability for your company.
Report Coverage:
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into the regional developments.
List of major industry players.
Key strategies adopted by the market players.
Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Why buy this report?
The report offers a comprehensive evaluation of the Global & Regional Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.
Market highlights:
Assessment of the market
Premium Insights
Competitive Landscape
COVID Impact Analysis
Historic Data, Estimates and Forecast
Company Profiles
Global and Regional Dynamics
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