The
gases which have direct or indirect effect on medical treatment are known as
medical gases and the equipment used to facilitate or supply medical gases into
human body are called as medical
gas equipment. Introduction of favorable medical norm such as removal of
drug user fee and duties introduced by U.S. Food and Drug Administration Safety
and Innovation Act in 2012 for promoting the growth of medical gases and its
supporting equipment are expected to be the major drivers of the market over
the forecast period. The act is likely to help the manufacturers to cut their
product cost, file for IP rights and maximize their profit margin. Adding more,
increasing geriatric population base coupled with increasing demand for global
home healthcare devices are expected to propel the growth of the global medical
gases and equipment market in coming five years.
Rising
awareness in manufacturers and consumers about medical gases usage and safety
are likely to trigger the growth of this market over the forecast period.
Establishment of favorable medical association such as Welding Distribution
Association (GAWDA), Medical Gas Association (MGA) and Compressed Gas
Association (CGA) are anticipated to drive the market growth. Some of the
factors like theft of medical cylinder & gases, and helium storage are
pulling the growth of medical gases and equipment market in coming few years.
The emerging nations provide significant growth opportunities for this gases
market owing to a huge gap between the rising demands and limited supply of
medical gases for treatment. Moreover, increasing incidences of health and
respiratory diseases coupled with rising personal disposable income and medical
reimbursement facilities are expected to boost the market over the forecasted
period.
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Product
Insights
On the
basis of products, the market is bifurcated into medical gases and medical
gases equipment. Due to high cost of medical gases equipment dominated the
entire medical gases and equipment market in 2013 but the medical gasesmarket
is expected to witness fastest growth rate over the forecast period. The medical
gas market is furthersegmented into oxygen, helium, nitrogen, lung gas, laser
gas, anaerobic mixtures, helium oxygen gas mixtures, carbon dioxide, medical
air and ethylene oxide. Among these the oxygen gas market was the dominant
segment in 2014 owing to large scale application in medical treatments and
rising incidences of respiratory diseases such as pulmonary diseases. The
medical gas equipment market is further classified into medical air compressor,
mask, manifolds and outlets. The medical air compressor market is expected to
witness lucrative growth over the forecast period owing to its wide range of
application such as gas cylinders.
Regional
Insights
Geographically, the global medical gas market is studied
under four main regions namely, North America, Europe, Asia Pacific and RoW.
North America was the dominant market in 2013 and contributes about 41% of
entire market share. Owing to presence of sophisticated technology in
healthcare and favorable government regulations this market will continue to
grow and maintain its leading position over the forecast period. Asia Pacific
region is anticipated to show the highest growth rate over the forecast period
due to introduction of various medical norms by medical administrations. Rising
geriatric population base in japan and continuously developing economy of china
are expecting to record highest CAGR by 2020.
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Competitor Insights
In 2013, the entire market was dominated by air liquide with
over 20% share. The firms are taking many business development strategies such
as joint ventures, acquisitions, new products and geographical expansions. Some
of the key markets players of the global medical gases and equipment markets
are Air Products Continental, Praxair Inc., Matheson Tri-Gas Inc., Air Gas
Inc., Air Products and Chemicals Inc., Medical Gas Solutions,
BeaconmededaesLlc, and Linde Group.
Table of Contents
Chapter 1. Executive Summary
Chapter 2. Medical Gas Equipment Industry Outlook
2.1 Market segmentation
2.2 Market Size and Growth Prospects
2.3 Medical Gas Equipment Market
Dynamics
2.3.1 Market driver analysis
2.3.2 Market Restraint Analysis
2.4 Industry Analysis - Porter’s
2.5 Key opportunities prioritized
2.6 Global Medical Gas Equipment
Market - PESTEL Analysis
2.7 Medical gases and equipment:
Company market share analysis, 2013
2.8 Pipeline outlook
2.9 Microeconomic Factors Affecting
Market Growth
2.9.1 Healthcare expenditure level
trends
2.9.2 Healthcare establishment
purchasing capacity trends
2.9.2.1 Rising awareness levels
2.9.2.2 Average hospitalization costs
2.9.2.3 Currency Considerations
2.9.2.4 Availability of Credit
2.9.3 U.S. consumer healthcare
expenditure trend
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