Medical Gases and Equipment Market Worth $14,953 Million by 2018

The global medical gases and equipment market, is valued at $10,416 million in 2013 and is forecasted to grow at a healthy CAGR from 2013 to 2018.
The global medical gases and equipment market is segmented into products, applications, geographic regions, and countries. It also discusses the key market drivers, restraints, and opportunities of this market and its submarkets.The medical gases and equipment market has experienced extensive growth in the past few years, mainly attributable to the growing aging population and the resultant increase in the prevalence of chronic respiratory diseases, and the advancements in the pharmaceutical industry. However, the frequently changing regulatory concerns regarding medical gas standards that result in high costs as well as global helium shortage are some of the major challenges to the growth of the medical gases and equipment market. North America is the major market for the global medical gases and equipment market with around 40 45% share of the global pie, followed by Europe with nearly 33% share. Aging population coupled with the increasing incidence of chronic respiratory diseases respiratory diseases like asthma and chronic obstructive pulmonary disorder (COPD), and increasing trend of shifting towards more patient care in home settings other than hospitals have led to the large market share for North American and European medical gases and equipment markets. The major players in the medical gases and equipment market include Linde Group (Germany), Praxair Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), Air Liquide (France), Taiyo Nippon Sanso Corp. (Japan), Airgas Inc. (U.S.), Messer Group (Germany), Atlas Copco (Sweden), Matheson Tri Gas Inc. (U.S.), and SOL-SpA (Italy).

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