Pune, India -- (SBWIRE) -- 03/03/2019 -- Global medical gas market is projected to register a healthy CAGR of 7.2% in the forecast period 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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The key market players for global medical gas market are listed below:

- Air Products and Chemicals, Inc.
- Taiyo Nippon Sanso Corporation
- The Linde Group
- SOL-SpA
- Praxair Technology, Inc.
- Air Liquide
- Atlas Copco
- GCE Holding AB
- Messer Group
- The Southern Gas Limited
- Aims Industries Ltd.
- Amico Group
- GCE Group
- Crumpton Welding Supplies & Equipment
- Zaburitz Pearl Co., Ltd
- Ellenbarrie Industrial Gases
- Uttam
- SCI Analytical
- Rotarex
- Allied Healthcare Products Inc.
- Others

Major growing sectors under the market segmentation are as follows:

- In product, medical gases are dominating the medical gas market as the as various medical gases such as pure medical gases, medical gas mixtures are present in the market with affordable prices, reflecting precise results.
- In application, therapeutic application is dominating the medical gas market as various gases are used for the therapeutic purposes.
- In method of separation, fractional distillation is dominating the medical gas market as the method of separating the components of a liquid mix by heating it and condensing individually the components according to their different boiling points are widely used.
- In end user, the hospitals are dominating the medical gas market as it offers enhanced care delivery and improved patient outcomes when they need constant support system for critical conditions.

Table of Contents

1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports

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DRIVERS

INCREASE IN THE OCCURRENCE OF CHRONIC DISEASES

According to World Health Organization, the occurrence rate of chronic diseases is rapidly growing all over the world, causing more number of deaths. The occurrence rate of chronic diseases is increasing day by day in the worldwide population. Medical oxygen is given to the patients suffering from Chronic Obstructive Pulmonary Disease (COPD), Asthma and Chronic bronchitis.

- According to the WHO reports of 2001, 60.0% of the total reported deaths of 56.5 million in the world are due to the chronic diseases and the worldwide burden of disease is around 46.0%.

- About 133 million Americans which is 45.0% of the total population is suffering from at least one chronic disease.

- Seven out of every 10 deaths is caused due to chronic disease, in the U.S., which is more than 1.7 million deaths in America yearly

With the increase in the prevalence rate the treatment and diagnosis needs are also increasing, thus becoming a major driver for the global medical gas market.

RAPIDLY GROWING GERIATRIC POPULATION

The global population of older people continues to grow at an unmatched rate. With the growing geriatric across the world is leading to the increase of age related problems. With the increasing age the functionality of the lungs are getting weaker and the diaphragm gets weaker which leads to difficulty in opening the airway thus making the air sacs baggy and the defence mechanisms of lungs stops because of which older people becomes more susceptible to pneumonia.

- According to United Nations, in 2017, 25.0% of the European population was 60 or over. It is estimated that rapid ageing would occur in other parts of the world too, so by 2050, except for Africa, all other regions of the world will nearly have a quarter or more of their populations in the geriatric age group
With the rising geriatric population, prevalence of diseases and their treatment needs are also increasing which has led to the rise become a major driver of the medical gas market

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