Medical Gases and Equipment Market (Pure Gases, Gas Mixtures, Oxygen, Nitrous Oxide, Carbon Dioxide-Oxygen, Nitrous Oxide-Oxygen, Manifolds, Vacuum Systems) - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018
Albany, NY -- (SBWIRE) -- 01/27/2015 -- A recent report published by Transparency Market Research (TMR) evaluates the behavior of the global medical gases and equipment market. In 2011, the medical gases and equipment market was valued at US$5.3 billion. The medical gases and equipment market is estimated to grow at a CAGR of 8% from 2012 to 2018, to reach an expected value of US$9 billion in 2018. The research report is titled "Medical Gases and Equipment Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018".
The research report analyzes the global medical gases and equipment market on the basis of product type and the geography to present an in-depth analysis of past performance, current trends, and future prospects of medical gases and equipment market.
Medical gases and equipment market, on the basis of medical gases market, is categorized into medical pure gases and medical gas mixtures. Medical pure gases include helium, oxygen, nitrous oxide, nitrogen, and carbon dioxide, whereas medical gas mixtures consist of nitrous oxide-oxygen gas mixtures, carbon dioxide–oxygen (carbogen) gas mixtures, ethylene oxide gas mixtures, oxyfume 2000, aerobic mixtures, helium oxygen gas mixtures, blood gas mixtures, anaerobic mixtures, laser gas mixtures, and lung diffusion gas mixtures.
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Based on medical equipment, the market for medical gases and equipment include medical gas manifolds, medical gas regulators, medical gas outlets, medical gas cylinders and accessories, medical gas hose assemblies and accessories, medical gas alarm systems, medical gas vacuum systems, medical gas flow-meters, medical gas medical air compressors, and medical gas masks.
The Asian medical gases and equipment market is considered to be the most important segment in the global medical gases and equipment market because of its projected growth rate, which is expected to be the fastest of all. It is likely to register an exceptional growth at a CAGR of 9.2% from 2012 to 2018. The existence of a bigger population base, higher frequency of pulmonary diseases, and emergency medical conditions in nations such as China and India cater for an opportunity-rich market for medical gases and equipment. According to a report issued by WHO, almost 90% of demises caused by COPD happen in developing economies such as India.
Recent fiscal development and government schemes to power up their respective medical and healthcare infrastructures have resulted in an increase in disposable incomes and rise in awareness levels of customers, which will further add to the growth of medical gases and equipment market. As reported by the Indian Gas Association, the Indian industrial and medical gases market is increasing at a rate of 15% to 18% on an annual basis. The existence of a large labor base and the development in its economy provide the medical gases and equipment producers with enormous growth opportunities.
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The huge population base and economical growth in China is attracting producers of medical gases and equipment market such as Taiyo Nippon Sanso Shenwei Medical Gas Co. Ltd., to invest in the nation and explore the available development opportunities.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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