Medical Gases Market By Product, By Equipment Analysis And Segment Forecasts To 2020: Radiant Insights
©
The implementation of industry friendly regulations such as the FDA Safety and Innovation Act in the U.S. and growing patient awareness levels are expected to drive market growth over the next six years. Growing global geriatric population base coupled with increasing prevalence of target diseases such as chronic obstructive pulmonary diseases (COPD) is also expected to enhance market demand over the forecast period. Oxygen dominated the global medical pure gases market in 2013, accounting for over 44% of total revenue.
Rising prevalence of patients admitted in emergency care and prevalence of patients suffering from respiratory diseases requiring the administration of oxygen are some of the factors accounting for its large market share. Nitrous oxide followed oxygen in terms of market share, accounting for over 25%. However, its market share is expected to decline by 2020, owing to the rising demand for anesthetic drugs. In addition, the medical gas mixtures market was dominated by oxygen-carbon dioxide medical gas mixtures in 2013, accounting for over 30% of revenue.
For Complete Report with TOC, Click here: http://www.radiantinsights.com/research/medical-gases-market-by-product-oxygen-nitrogen-helium-laser-gas-lung-gas-aerobic-anaerobic-mixtures-helium-oxygen-gas-mixtures-medical-air-carbon-dioxide-oxygen-laser-gas-lung-gas-ethylene-oxide-by-equipment-manifolds-outlets-medical-air-compressors-masks-analysis-and-segment-forecasts-to-2020
Further key findings from the study suggest:
North America dominated the overall market in 2013 with revenue estimated at USD 2.48 billion. However, Asia Pacific is expected to be the fastest growing regional market, on account of rapidly developing economies of China and India, at an estimated CAGR of 9.9% during the forecast period.
Vacuum systems dominated the overall equipment market in 2013, accounting for over 30% of total revenue, primarily due to the high prices associated with these products.
Ethylene oxide segment is expected to be the fastest growing medical gas, at an estimated CAGR of 19.2% from 2014 to 2020.
Ethylene oxide is expected to serve as an internal substitute to oxyfume 2000 and cater to the market of the latter post its phasing out by January, 2015.
Key industry participants include Linde Gas, Matheson Tri-Gas Inc., Air Products and Chemicals Inc., Air Liquide and Praxair Inc.
For more reports of this category, click here: www.radiantinsights.com/catalog/medical-devices
For the purpose of this study, Grand View Research has segmented the global medical gases and equipment market on the basis of product and region:
Medical Gases and Equipment Product Outlook
Medical Pure Gases
Medical Air
Carbon Dioxide
Oxygen
Nitrogen
Nitrous Oxide
Helium
Medical Gas Mixtures
Carbon Dioxide - Oxygen Mixtures
Oxygen-Nitrous Oxide Mixtures
Ethylene Oxide
Oxyfume 2000
Helium Oxygen Mixtures
Aerobic Mixtures
Anaerobic Mixtures
Blood Gas Mixtures
Laser Gas Mixtures
Lung Mixtures
Medical Gas Equipment
Manifolds
Outlets
Hose Assemblies and Valves
Alarm Systems
Cylinders and Accessories
Flowmeters
Regulators
Medical Air Compressors
Vacuum Systems
Masks
Medical Gases and Equipment Regional Outlook
North America
Europe
Asia Pacific
RoW
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information, Visit: http://www.radiantinsights.com/
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Rising prevalence of patients admitted in emergency care and prevalence of patients suffering from respiratory diseases requiring the administration of oxygen are some of the factors accounting for its large market share. Nitrous oxide followed oxygen in terms of market share, accounting for over 25%. However, its market share is expected to decline by 2020, owing to the rising demand for anesthetic drugs. In addition, the medical gas mixtures market was dominated by oxygen-carbon dioxide medical gas mixtures in 2013, accounting for over 30% of revenue.
For Complete Report with TOC, Click here: http://www.radiantinsights.com/research/medical-gases-market-by-product-oxygen-nitrogen-helium-laser-gas-lung-gas-aerobic-anaerobic-mixtures-helium-oxygen-gas-mixtures-medical-air-carbon-dioxide-oxygen-laser-gas-lung-gas-ethylene-oxide-by-equipment-manifolds-outlets-medical-air-compressors-masks-analysis-and-segment-forecasts-to-2020
Further key findings from the study suggest:
North America dominated the overall market in 2013 with revenue estimated at USD 2.48 billion. However, Asia Pacific is expected to be the fastest growing regional market, on account of rapidly developing economies of China and India, at an estimated CAGR of 9.9% during the forecast period.
Vacuum systems dominated the overall equipment market in 2013, accounting for over 30% of total revenue, primarily due to the high prices associated with these products.
Ethylene oxide segment is expected to be the fastest growing medical gas, at an estimated CAGR of 19.2% from 2014 to 2020.
Ethylene oxide is expected to serve as an internal substitute to oxyfume 2000 and cater to the market of the latter post its phasing out by January, 2015.
Key industry participants include Linde Gas, Matheson Tri-Gas Inc., Air Products and Chemicals Inc., Air Liquide and Praxair Inc.
For more reports of this category, click here: www.radiantinsights.com/catalog/medical-devices
For the purpose of this study, Grand View Research has segmented the global medical gases and equipment market on the basis of product and region:
Medical Gases and Equipment Product Outlook
Medical Pure Gases
Medical Air
Carbon Dioxide
Oxygen
Nitrogen
Nitrous Oxide
Helium
Medical Gas Mixtures
Carbon Dioxide - Oxygen Mixtures
Oxygen-Nitrous Oxide Mixtures
Ethylene Oxide
Oxyfume 2000
Helium Oxygen Mixtures
Aerobic Mixtures
Anaerobic Mixtures
Blood Gas Mixtures
Laser Gas Mixtures
Lung Mixtures
Medical Gas Equipment
Manifolds
Outlets
Hose Assemblies and Valves
Alarm Systems
Cylinders and Accessories
Flowmeters
Regulators
Medical Air Compressors
Vacuum Systems
Masks
Medical Gases and Equipment Regional Outlook
North America
Europe
Asia Pacific
RoW
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information, Visit: http://www.radiantinsights.com/
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054