The main objective of this report is to define, describe, and forecast the global “Medical Gas and Equipment’s” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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North America to influence the Global Medical gas and equipments Market
Global Medical gas and equipments market was dominated by the North America region over the historic period of 2016. Some factors, which are driving the North American medical gas and equipments market are presence of a well-established medical gases market, high prevalence of patients with respiratory disorders, and growing aging population have contributed to the large share of the North American region.
Growing geriatric population is driving the medical gas and equipments market
The growing geriatric population, which is susceptible to chronic disease, because in this age lungs and numerous respiratory system becomes weaker and more prone to respiration related problems. Also, elderly population are at greater risk of respiratory problem as asthma, pneumonia and some other respiratory diseases due to the effects of outdoor and indoor air pollution, and these are boosting the medical gas and equipment market.
Increasing demand from health care centers, point of care and hospitals are boosting the demand
Growing demand for home healthcare, point of care, and hospitals is expected to boost the medical gases and equipment market by prompting a rise in demand for numerous packaged medical grade gases (such as Carbon Dioxide, Oxygen, Nitrogen, Nitrous Oxide, and Helium).
Growing demand from research sector is increasing the market
Increasing application of medical gases for research purposes such as for incubation of aerobic and anaerobic organisms are helping to grow the market of medical gas and equipment market. Medical gases are used with surgical and laboratory equipment such as helium in arterial balloons and carbon dioxide is used in surgical lasers. Every country is focusing on the medical research in its own country to be self-reliant in this sector in long term. For this reason, demand for medical gas and equipments is increasing in research sector.
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OmegaFlex Introduces World’s First Corrugated Medical Gas Tubing for Healthcare Use
In February, 2018, OmegaFlex, a global manufacturer of metal hoses, launched MediTrac as the world’s first corrugated medical tubing (CMT) for distribution of medical gases. Unlike rigid copper tubing which is installed in numerous brazed sections and elbow joints to accommodate a facility layout, MediTrac semi-rigid tubing installs in a single, bendable length that can be routed around existing structures.
Luxfer Gas Cylinders to launch expanded healthcare product range for Europe at Medical World Forum
In November 2016, Luxfer Gas Cylinders launched its expanded healthcare range for Europe-including several new products-at the Medical World Forum for Medicine and International Trade Fair in Düsseldorf, Germany that was held at November, 2016.