Medical Gases and Equipment Market is Expected to Reach USD 9 Billion Globally in 2018: Transparency Market Research

Medical Gases and Equipment Market is Expected to Reach USD 9 Billion Globally
                    in 2018: Transparency Market Research

  PR Newswire

  NEW YORK, March 20, 2013

NEW YORK, March 20, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (
http://www.transparencymarketresearch.com ) " Medical Gases and Equipment
Market (Pure Gases, Gas Mixtures, Oxygen, Nitrous Oxide, Carbon
Dioxide-Oxygen, Nitrous Oxide-Oxygen, Manifolds, Vacuum Systems) -  Global
Industry Analysis, Size, Share, Growth and Forecast, 2012  -  2018, " in
2011, the global medical gases and equipment market was calculated at USD 5.3
billion and is expected to grow at a CAGR of 8% from 2012 to 2018, to reach an
estimated value of USD 9 billion in 2018.

Browse the full report at
http://www.transparencymarketresearch.com/medical-gases-and-equipment.html

The implementation of the U.S. Food and Drug Administration Safety and
Innovation Act in July 2012, which includes the elimination of drug user fees
for manufacturers and grants them the right to file for intellectual property
rights for new products, is the most important driver for the market.
Furthermore, aging global population and the rapidly growing ancillary home
healthcare market are some of the other drivers for the global medical gases
and equipment market.

Medical equipment segment held majority of the market share in 2011 and are
expected to maintain their market position in terms of market share till 2018.
In the global medical pure gas market, the medical grade oxygen market held
the highest share in 2011 and is expected to increase its market share by
2018, owing to the presence of a large patient pool suffering from respiratory
diseases and the rising number of patients admitted for emergency medical
care. Nitrous oxide followed oxygen in terms of market share in 2011; however,
its market share is expected to plummet by 2018 due to the availability of
anesthetic drugs with high profit margins and the growing use of medical air
as an alternative anesthetic gas.

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Furthermore, in 2011, the vacuum systems market held majority of the market
share in the global medical equipment market followed by the manifolds market.
The global medical masks market is the fastest growing segment and is expected
to grow at a CAGR of 11.5% from 2012 to 2018, because of high usage rate.

The North American medical gases and equipment market held the largest market
share in 2011 on account of developed economies such as the U.S. and Canada
and the presence of high disposable incomes coupled with the presence of
sophisticated medical infrastructure in these economies. The Asian medical
gases and equipment market is expected to exhibit the fastest CAGR during the
forecast period due to the economic development in emerging economies such as
India and China and the rapidly aging population of Japan.

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Air Liquide was the market leader in 2011 due to its extensive product
portfolio and its revenue generation from the emerging Asian and Eastern
European economies. Some of the other key market players include Praxair Inc.,
Air Products and Chemicals Inc., Matheson tri-Gas Inc., Air Gas Inc., and
others.

The global medical gases and equipment market is segmented into the following
categories:

  *Medical Gases and Equipment Market by Products

       *Medical gas

            *Medical pure gases

                 *Oxygen
                 *Helium
                 *Nitrogen
                 *Nitrous oxide
                 *Carbon dioxide

            *Medical gas mixtures

                 *Carbon Dioxide - Oxygen Mixtures
                 *Nitrous Oxide-Oxygen Mixtures
                 *Ethylene Oxide
                 *Oxyfume 2000
                 *Helium Oxygen Mixtures
                 *Aerobic Mixtures
                 *Anaerobic Mixtures
                 *Blood Gas Mixtures
                 *Laser Gas Mixtures
                 *Lung Mixtures

       *Medical equipment

            *Manifolds
            *Outlets
            *Hose Assemblies and Accessories
            *Alarm Systems
            *Cylinders and Accessories
            *Flowmeters
            *Regulators
            *Medical Air Compressors
            *Vacuum Systems
            *Masks

  *Medical Gases and Equipment Market by Geography

       *North America
       *Europe
       *Asia
       *Rest of the world (RoW)

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Browse all Medical Devices Market Research Reports@
http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

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