Medical Gases Market : Medical Gases, Medical Gases Mixtures, and Medical Gas Equipment by Product, Therapeutic, Diagnostics, Biotechnology & Pharmaceutical Industry, and Other Application - 2023

Medical gases are specialized gases that have varied applications in medical and pharmaceutical industries. They are widely used by healthcare professionals for diagnostic and treatment purposes. The major types of medical gases used across healthcare settings are hydrogen, oxygen, ammonia, boron hydride, nitrous oxide, nitrogen, and carbon dioxide. They are manufactured, packaged, and intended to be administered to patients in anesthesia, therapy, or diagnosis through means of medical gas equipment.

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The key factor driving the market growth includes the U.S. Food and Drug Administration (FDA) Safety and Innovation Act, which was implemented on July 2012 that enables manufacturers to control costs and to file for intellectual property rights for new medical gas and equipment products. Moreover, increase in home healthcare application and rise in aging population boost the market growth. In addition, surge in incidence of respiratory diseases, rapid urbanization, and increase in prevalence of tobacco smoking contribute to the market growth. However, ubiquitous shortage of helium, changes in medical gas calibration standards, and declining federal reimbursements for respiratory therapies are anticipated to hamper the market growth. On the contrary, technological advancements in medical science and market expansion in emerging economies are expected to provide lucrative opportunities for the market in the near future.

The global medical gases market is segmented on the basis of product, application, and end user. By product, the market is categorized into medical gases, medical gases mixtures, and medical gas equipment. Based on application, it is classified into therapeutic, diagnostics, biotechnology & pharmaceutical industry, and others. Depending on end user, it is fragmented into hospitals, home healthcare, academic & research institutions. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Benefits

• This report offers a detailed quantitative analysis of the current market trends from 2017 to 2023 to identify the prevailing opportunities.
• The market estimations provided in this report are based on comprehensive analysis of the key developments in the industry.
• In-depth analysis based on geography facilitates in analyzing the regional market to assist in strategic business planning.
• The development strategies adopted by key manufacturers are enlisted in the report to understand the competitive scenario of the market.

Medical Gases Market Key Segments:

By Product

• Medical Gases
• Medical Gases Mixtures
• Medical Gases Equipment

By Application

• Therapeutic
• Diagnostic
• Biotechnology & Pharmaceutical Industry
• Others

By End User

• Hospitals
• Home Healthcare
• Academic & Research Institutions

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