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.

Medical Gas Equipment Market to Propel with Rising COPD Patient Pool

San Francisco, California, November 24, 2017: A recent market research report by TMR Research presents a thorough analytical overview of the global market for medical gas equipment. The report is titled “Medical Gas Equipment Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” The report states that the market will massively benefit from the increased rate of prevalence of a number of respiratory conditions and the rise in demand for point-of-care diagnostics globally. Rising demand for remote equipment that can lead to quick diagnosis of patients is the key factor driving the demand for point-of-care diagnostics, which is also concurrently improving the rate of uptake of medical gas equipment.

The thriving expansion of the home healthcare sector, riding on the back of the rising prevalence of diseases that lead to immobilization in patients, is also acting as a key factor bolstering the global demand for medical gas equipment. Conditions such as asthma and chronic obstructive pulmonary disorder (COPD) are among the key diseases that lead to immobilization among patients. As home healthcare facilities are being preferred more for the treatment of such conditions owing to the high level of convenience possible, rising prevalence of such diseases is expected to lead to an increased demand for home healthcare solutions and thus increase the demand for medical gas equipment.

The market has witnessed a significant rise in the introduction of new product varieties in the past few years and a number of companies that offer customizable products suiting the needs of customers. As customers become increasingly aware of the benefits of cylindrical valves and pressure regulators incorporated into a single device that has all the required controls, the demand for customized medical gas equipment is expected to further rise in the near future. This could open up vast growth opportunities for companies operating in the area.

From a geographical standpoint, the market for medical gas equipment is expected to witness significant traction in the U.S. market in the next few years. The market for medical gas equipment in the U.S. is expected to account for the dominant share in the global market over the report’s forecast period. Owing to factors such as the implementation of FDA Safety and Innovation act, high disposable incomes, and easy access to advanced healthcare facilities, and the increased demand for minimally invasive medical interventions, the U.S. market for medical gas equipment is expected to remain highly promising in the next few years as well.

The market in Europe is also expected to exhibit a highly promising CAGR over the report’s forecast period. Presence of several medical equipment manufacturers, an encouraging regulatory scenario, and the rising population of geriatrics and patients with several respiratory conditions in the region will contribute to the excellent growth prospects of the medical gas equipment market in the near future.

The report also presents a thorough analysis of the vendor landscape of the global medical gas equipment market, providing detailed business profiles of some of the leading players in the market and an account of the recent developments that could have a notable impact on the future growth dynamics of the market. Some of the leading companies in the market profiled in the report are Air Liquide, Air Products and Chemicals, Inc., Atlas Copco, SOL-SpA , Taiyo Nippon Sanso Corp., Messer Group, Praxair, Inc., GCE Holding AB, Airgas, Inc., and The Linde Group.

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