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Rising Hospitalization Rates Pushing Up Demand for Medical Gases and Equipment
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Apart from the aforementioned factors, the rising incidence of lifestyle associated and chronic diseases and the ballooning hospitalization rates throughout the world are also propelling the demand for medical gases and devices. This is because these systems allow healthcare practitioners to provide safer and better patient care. The medical gas system assembles oxygen, carbon dioxide, nitrous oxide, medical air, and supply piped nitrogen and enables the healthcare workers to provide the required gases to the patients.
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The sales of these systems are also predicted to be considerably high in the future years. On the other hand, the demand for medical gases is predicted to rise rapidly all over the world in the forthcoming years. When end user is taken into consideration, the medical gases and equipment market is divided into home healthcare, hospitals, emergency service, academic & research institutes, and pharmaceutical industry. The hospitals category recorded significantly high growth in the market in the past.
Thus, it can be concluded from the above paragraphs that the global demand for medical gases and equipment will surge in the future years, primarily because of the rising incidence of chronic diseases and the soaring requirement for home healthcare services, on account of the increasing geriatric population around the world.
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