Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The Global Medical Gases and Equipment market will anticipate the market demand owing to rising accidents and respiratory diseases
The Global Medical Gases and Equipment market will propel the CAGR in the forecast period from 2020-2027. The changing lifestyle of the people has led to obesity, and unhealthy eating has caused many chronic diseases. Also, the emerging geriatric population and rising pollution have fueled the market demand for Medical Gases and Equipment in the medical industry.
The Medical Gases and Equipment provided to the patient in case of an emergency, such as a road accident where ambulatory care is immediately given to the patient to maintain its oxygen level in the body—the mixed gases required in the equipment used in the hospitals to carry out the various test.
Moreover, emerging pollution is the biggest reason for the rising demand of the Medical Gases and Equipment market. Most of the people dealing with obesity or have chronic diseases such as asthma and other respiratory infections are bolstering the market value of the global Medical Gases and Equipment market.
Furthermore, government investment initiatives in new technologies such as portable medical equipment helps in reducing the cost and time of visiting doctors. Therefore, technological advancement will increase the market growth of the Medical Gases and Equipment market in the forecast period.
Product Overview in the Global Medical Gases and Equipment Market
Based on product, the global Medical Gases and Equipment market segmented into Oxygen, Medical Air, Nitrogen, Carbon Dioxide, Nitrous Oxide, Helium, Ethylene Oxide, Blood-gas Mixture, Cylinder, Hoses, Manifold, Regulator. The oxygen segment will hold a significant share in the global Medical Gases and Equipment market in the forecast period. It is mainly owing to the oxygen needed majorly in case of accidents, surgeries, and patients with respiratory diseases. Moreover, oxygen is the only gas that requires in most serious cases to support the life of the patient.
Application Overview in the Global Medical Gases and Equipment Market
Based on the Application, the global Medical Gases and Equipment market classified into Therapeutic, Diagnostics, Pharmaceutical manufacturing, and research and Other. The therapeutic segment has dominated the demand for global Medical Gases and Equipment market. Respiratory diseases and other primary therapy and cardiovascular diseases are deriving the market demand for the global Medical Gases and Equipment market. The rising pollution level and COPDs are chronic diseases that can lead to death to the patient. Thus, therapeutic conditions capture the largest share in the Medical Gases and Equipment market.
End-uses Overview in the Global Medical Gases and Equipment Market
Based on end-use, the global Medical Gases and Equipment market distributed into Hospitals, Home Healthcare, Pharmaceutical, and Biopharmaceutical Companies, Diagnostic and Research Laboratories, Academic Institutes, and Research Institutes. The hospital segment will dominate the market share of the global Medical Gases and Equipment market. The rising number of surgeries, road accidents, and respiratory diseases due to pollution are rising the demand for the usage of medical Medical Gases and Equipment in the hospital sector.
Region Overview in the Global Medical Gases and Equipment Market
Based on geography, the global Medical Gases and Equipment market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is the dominating region for the Medical Gases and Equipment market. It is mainly due to the region's rapid economic growth and some vast technological development. The prevalence of the geriatric population, emerging cases of obesity, and respiratory diseases have fueled the Medical Gases and Equipment market in North America.
Global Medical Gases and Equipment Market: Competitive Landscape
Companies such as Air Products and Chemicals, Inc., Linde Group, Air Liquide, Praxair, Inc., Taiyo Nippon Sanso Corp., SOL SpA, Atlas Copco, Messer Group GmbH, and GCE Holding AB and among others are key players in the global Medical Gases and Equipment market.