Medical Gases Market, Size, Share, Trends And Forecasts To 2022.
Portland, OR -- (SBWIRE) -- 07/25/2017 -- Medical gases are meant to be administered to a patient for therapeutic, diagnostic or anesthetic purposes. These gases have wide application in healthcare. They are produced, distributed and facilitated through means of medical gas equipment. The main driver for this market is the U.S. Food and Drug Administration Safety and Innovation Act, implemented in July 2012,that enables manufacturers to control costs and to file for intellectual property rights for new medical gas and equipment products. Moreover, advancements in technology and the growing aging population would also contribute to market growth. Medical gas solutions, Linde Gas, Air Liquide, Air Products and Chemicals Inc., Air Gas Inc., Beaconmedaes and Praxair Inc. are some players in this market.
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The medical gases market is segmented into product type, application and geography. On the basis of product type, the market is segmented into medical gases and medical equipment. Medical gases are further segmented into medical pure gases and medical gas mixtures. The medical gases equipment market includes manifolds, hose assemblies and valves, outlets, flowmeter, cylinders and accessories, medical air compressor, regulators, alarm system and vacuum system. The medical gases application market includes hospitals, pharmaceutical and biotechnology industry, universities and research institutes and home healthcare. Geographically, the market is segmented into North America, Europe, Asia-Pacific and LAMEA.
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1. The report throws light on the dominant current trends. Based on the analysis of trends, revenues are forecast from 2013-2020.
2. Analysis of key strategies adopted by market players would assist in enabling an in-depth understanding of market intelligence.
3. Analysis of trends in various regions would help companies to plan their strategies depending on the region.
Porter's Five Forces analysis provides an insight into market dynamics and industry competition.
4. Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market