DBMR Provides Detailed Report On Medical Gas Market 2020-2026 || Top Players - Air Products and Chemicals,  Copco, GCE Holding AB, Messer Group, The Southern Gas Limited, Aims Industries, Amico Group

The market insights and analysis included in this Medical Gas Market research report are based upon SWOT analysis that businesses can believe assertively. This market study presents actionable market insights with which sustainable & money-spinning business strategies can be created. The report provides comprehensive explanation of market definition, market segmentation, competitive analysis and key developments in the Healthcare industry. Global Medical Gas Market research report is framed with the most excellent and sophisticated tools of collecting, recording, estimating and analysing market data. The report makes businesses focus on the more important aspects of the market.

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A large scale Medical Gas Market report gives information about historic data, present market trends, environment, technological innovation, forthcoming technologies and the technical progress in the related industry. All this market data aids Healthcare industry to take better steps to get their strategies better to trade goods and services. Market information, facts, and statistics of this document lead to an actionable ideas, improved decision-making and better deciding business strategies. The report makes available in detail information about market analysis, market definition, market segmentation, key development areas, competitive analysis and research methodology. Competitive intelligence included in this Medical Gas Market report is also one of the important aspects that assists businesses top the market.

A medical gas is the gas which is manufactured, packaged, and planned for administration to a patient in therapy, anaesthesia, or diagnosis purposes. The medical gases are mainly used in home healthcare, hospitals, biotechnology & pharmaceutical companies, emergency service providers and also in academic & research institutions. Medical Air, Carbon Dioxide, Oxygen, Nitrogen and Nitrous Oxide are the most common used medical gases in the hospital areas including recovery areas, patient rooms, operating rooms, and others.

Global medical gas market is expected to reach a healthy CAGR of 7.2% in the forecast period of 2019 to 2026.

Competitive Analysis: Global Medical Gas Market

Some of the major players operating in this Medical Gas Market are Air Products and Chemicals, Inc. (U.S.), Taiyo Nippon Sanso Corporation (Japan), The Linde Group (Dublin), SOL-SpA (Italy), Praxair Technology, Inc. (U.S.), Air Liquide (France), Atlas Copco (Sweden), GCE Holding AB (Sweden), Messer Group (Germany), The Southern Gas Limited (India), Aims Industries Ltd. (India), Amico Group (U.S.), GCE Group (Sweden),  Crumpton Welding Supplies & Equipment (U.S.), Zaburitz Pearl Co., Ltd. (Myanmar), Ellenbarrie Industrial Gases  (India), Uttam (Pakistan), SCI Analytical (U.S.), Rotarex (Brazil, Luxembourg, United Arab Emirates), Allied Healthcare Products Inc. (U.S.) and many others.

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INCREASE IN THE PRICE OF MEDICAL GAS :

According to a press release Praxair made these adjustments in response to the “rising costs” and it will support the capital investment which is required for the continued supply of Praxair’s operations.

This is the third price increase in the last 12 months for Praxair. The company announced increase in the price by 10-20% for bulk gases and facility fees at the beginning of 2016 with a further rise of 15% for bulk industrial gases in July.

From 1st October (2018), Air Products will also rise their product pricing, monthly service charges and surcharges for merchant customers in North America.

The pricing hike include increase of prices up to 20% for liquid argon, 25% for liquid and bulk hydrogen, 10% for liquid carbon dioxide, 15% for liquid nitrogen and liquid oxygen and monthly survive charges.

Thus this price hike of the medical gases will act as a major market retrain for the market.

OPPORTUNITIES: 

MARKET GROWTH IN EMERGING NATIONS :

The rapid growth of healthcare sectors across India and China is anticipated to provide significant opportunities for market players operating in the medical gas market.

In November 2018, Air Products and Chemicals, Inc. (U.S.) and Sonatrach (Africa) signed two new agreements for the gas production and delivery.

In November 2018, Praxair Technology, Inc. (U.S.) expanded its nitrogen capacity in South Korea for supporting the rising need for world-scale semiconductor complex.

TECHNOLOGICAL DEVELOPMENTS :

The companies are investing in the research and development activities for the innovation and invention of new products. Thus, with this we can see that various companies are adopting or implementing several new technological developments to enhance their products.

For instance, Rotarex (Brazil, Luxembourg, United Arab Emirates) is launching their innovative products by decreasing the maintenance cycle by 50.0% using cartridge technology.

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.

Market Trends: Global Medical Gas Market

On the basis of product, the market is segmented into medical gases and medical gas equipment. Medical gases segment is sub-segmented into Pure Medical Gases and Medical Gas Mixtures. Pure Medical Gases segment is further segmented into type and form of delivery. The type segment is further sub-segmented into oxygen, carbon dioxide, nitrous oxide, nitrogen, helium and medical air. The form of delivery segment is further sub-segmented into high pressure cylinders, liquid cylinders and bulk delivery. Medical Gas Mixtures segment is further segmented into blood-gas mixtures, lung diffusion mixtures, carbon dioxide–oxygen mixtures, nitrous oxide–oxygen mixtures, laser-gas mixtures, aerobic gas mixtures, anaerobic gas mixtures, ethylene oxide and helium-oxygen mixtures. Medical gas equipment segment is sub-segmented into equipment accessories, oxygen concentrators, Cryogenic Products (Freezers) and gas delivery systems. The Equipment Accessories segment is further sub-segmented into hoses optical, manifolds, regulators, flowmeters, suction regulators, vacuum systems, outlets, medical air compressors, monitoring systems (Alarms & Monitors) and valves with integrated pressure regulators (VIPRS). The medical gases segment is growing at the highest CAGR and expected to reach USD 14,286.54 million in the forecast period of 2019 to 2026.

On the basis of application, the market is segmented into pharmaceutical manufacturing & research, diagnostic applications, therapeutic applications and others. Pharmaceutical Manufacturing & Research segment is sub-segmented into drug discovery, pharmaceutical manufacturing, process development and quality control. Diagnostic Applications segment is sub-segmented into medical imaging and general laboratory use. Therapeutic Applications segment is sub-segmented into respiratory diseases, cardiovascular diseases, anesthesia, cryosurgery and other therapeutic applications. In 2019, therapeutic application segment is growing at the highest CAGR in the forecast period of 2019 to 2026.

Product Launch:

In 2016, Linde Gas has launched a new light-weight cylinder package for medical oxygen. This product will help in continuous oxygen supply at the hospital and home. This launch will help the company in the expansion of their business by grasping more customers.

In 2015, Linde Gas has launched first cylinder filing site at Siliguri in West Bengal. This will help the company to expand their business in India and to achieve great milestone in their business.

Research Methodology : Global Medical Gas Market

Primary Respondents: Key Opinion Leaders (KOL’s): Manufacturer, Healthcare Professionals, Doctors, Nurses, Medical practitioners. Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers

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