Swelling Number of Chronic Diseases and Surge in Home Healthcare Services to Promote Growth of the Medical Gas Equipment Market

The medical gas equipment market is observing a soaring growth rate and expects the same during the forecast period of 2017-2025. Medical gases are specialized gases. They are prominently used for medical purposes, biotechnology research, and drug processing. Nitrous oxide, nitrogen, carbon dioxide, hydrogen, and oxygen are major medical gases. The medical gas equipment is responsible for the storage and delivery of gases. Products included in the medical gas equipment market include alarm systems, medical air compressors, masks, flow meters, and cylinders.

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Home healthcare facilities provide treatments for diseases that can be cured at home. Diseases like asthma and chronic obstructive pulmonary disorder (COPD) diseases can be cured through home healthcare facilities. This can benefit the medical gas equipment market to a great extent.

Increasing respiratory disorder cases coupled with favorable government regulations may help in expanding the growth rate of the medical gas equipment market. Emerging advancements in technology further promise increased growth of the medical gas equipment market. In addition, the growing geriatric population base may also contribute to the high demand for medical gas equipment.

Technological advancements may flourish the medical gas equipment market
A rise in technological innovations in the medical gas equipment field is expected to ease the shortage experienced due to the COVID-19 pandemic. For instance, recently, a simple resuscitation device, Oxylator EMX, is developed and can be used as a ventilator. The device is fitted with a standard medical air compressor and provides positive pressure on the lungs of the patient through an intratracheal tube. This device can be used for emergency ventilation for patients. This product can prove to be helpful for overcoming the rising ventilator shortage due to the coronavirus outbreak.

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Key players in the medical gas equipment market are Air Liquide, The Linde Group, Airgas Inc., Atlas Copco, Praxair Inc., and GCE Holding AB.