Medical Gas Market is Projected to Reach a Healthy CAGR of 7.2% by 2026 on the basis of Four Notable Segments such as Product, Application, Method of Separation, End User and Geography

The key players of the Global Medical Gas Market are making moves like product launches, joint ventures, developments, merges and accusations which is affecting the market and Pharmaceutical Industry as a whole and also affecting the sales, import, export, revenue and CAGR values. The Global Medical Gas Market emphases on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis. It includes a comprehensive evaluation of the Markets growth prospects and Restrictions. The Global Medical Gas Market report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.

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Some of the major players operating in this market are

Air Products and Chemicals, Inc.,

Taiyo Nippon Sanso Corporation,

The Linde Group,

SOL-SpA, Praxair Technology, Inc.,

Air Liquide,

Atlas Copco,

GCE Holding AB,

Messer Group,

The Southern Gas Limited,

Aims Industries Ltd.,

Amico Group,

GCE Group,

Crumpton Welding Supplies & Equipment,

Zaburitz Pearl Co., Ltd.,

Ellenbarrie Industrial Gases,

Uttam,

SCI Analytical,

Rotarex,

Allied Healthcare Products Inc.,

Many others.

THE LINDE GROUP

The company was founded in 1880, headquarter in Dublin, Republic of Ireland .The company is involved in innovating and manufacturing medical gases and medical gas mixture, including calibration gases, medicinal oxygen, inhaled nitric oxide, medical carbon dioxide, helium/oxygen mixtures, nitrogen etc., which are key components of medical gases. The main business segments of the company are Products and Category. The revenue of the company is USD 21,074.15 Million. Number of employees is 57,605. The company has global presence in EMEA, Americas, and Asia Pacific

AIR LIQUIDE

The company was founded in 1902, headquarter in Paris, France. Company is involved in providing industrial gases & services to various industries including chemical, electronic and medical manufacturers. The main business segments of the company are Gas & Services. The revenue of the company is USD 24,839.79 Million. Number of employees is 65,000. The company has global presence in Americas, Europe, Asia-Pacific, Middle East & Africa.

In January 2018, Air Liquide entered Saudi Arabia’s healthcare market by acquiring the respiratory unit of Thimar Al Jazirah (Saudi Arabia). This strategy helped the company to expand its business in healthcare activity and enhance its customer base in the Middle East.

AIR PRODUCTS AND CHEMICALS, INC.

Air Products and Chemicals, Inc. was founded in 1940 and headquartered in Pennsylvania, U.S. The company involved in offering customers of a wide range of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage by supplying product of atmospheric and process gases, equipment and services. The main business segments of the company are Industrial Gases– Americas, Industrial Gases–EMEA, Industrial Gases– Asia, Industrial Gases–Global. The revenue of the company is USD 8,930.00 Million. Number of employees is 16,300. The company has global presence in U.S./Canada, Europe/Middle East/Africa, China, Asia (excluding China), Latin America

In November 2018, Air Products and Sonatrach declared about their industrial gases contracts in Algeria. For Air Products and Chemicals the HELIOs plant is very important as this can increase the amount of liquid helium produced in their JV plant.

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DRIVERS:

INCREASE IN THE OCCURRENCE OF CHRONIC DISEASES

According to World Health Organization, the occurrence rate of chronic diseases is rapidly growing all over the world, causing more number of deaths. The occurrence rate of chronic diseases is increasing day by day in the worldwide population. Medical oxygen is given to the patients suffering from Chronic Obstructive Pulmonary Disease (COPD), Asthma and Chronic bronchitis.

RAPIDLY GROWING GERIATRIC POPULATION

The global population of older people continues to grow at an unmatched rate. With the growing geriatric across the world is leading to the increase of age related problems. With the increasing age the functionality of the lungs are getting weaker and the diaphragm gets weaker which leads to difficulty in opening the airway thus making the air sacs baggy and the defence mechanisms of lungs stops because of which older people becomes more susceptible to pneumonia.

INCREASING INCIDENCE OF PRETERM CHILD BIRTHS

A pregnancy usually lasts nearly around 40weeks. If the babies are born alive before the completion of 37 weeks then it is called as Preterm birth. Babies born in less than 37 week gestation suffer with pulmonary surfactant deficiency in the lungs. Symptoms and signs of pulmonary surfactant deficiency of babies include use of accessory muscles, grunting respirations, and nasal flaring.

RISING INCIDENCES OF RESPIRATORY DISEASES

According to a report of WHO, day by day the respiratory disease burden is increasing due to tobacco smoke exposure and inhalation of polluted outdoor air. Respiratory diseases are causing an increase in the worldwide health burden and severe illness & death. Five most common respiratory diseases are chronic obstructive pulmonary disease (COPD), asthma, tuberculosis (TB), acute lower respiratory tract infections and lung cancer.

CHALLENGE:

LACK OF ADOPTION MEDICAL GAS STANDARDIZATIONS AND FLUCTUATIONS IN MEDICAL GAS STANDARDIZATION CRITERIA

Standardization has been accepted as an important element for safety of the patients by APSF (Anesthesia Patient Safety Foundation) and many others. The ISO (International Organization for Standardization) was established on February 1947 in Geneva, Switzerland initially for helping the standardization of industrial development. Later the scope of ISO was expanded to cover many other matters, even anesthesia apparatus. Therefore, people have to adopt these standards in order to avoid such dangerous situations. Thus, the lack of adoption and fluctuations in the medical gas standardization criteria can act as a challenging factor for the growth of the market.

Opportunities in the Market

1. To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia-Pacific, South America, Middle East and Africa

2. The key findings and recommendations highlight crucial progressive industry trends in the Medical Gas Market, thereby allowing players to develop effective long term strategies

3. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders

4. Extensive analysis of the key segments of the industry helps in understanding the trends in types of Medical Gas Market across Global.

5. To get a comprehensive overview of the Medical Gas Market.

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This release was published on openPR.