Medical Gas Market  report can be mainly categorised into four main areas which are market definition, market segmentation, competitive analysis and research methodology. Each of these chapters is researched and analysed in detail for formulating this comprehensive market research report. The report carries out the study of the market with respect to general market conditions, market status, market improvement, key developments, cost and profit of the specified market regions, position and comparative pricing between major players.  

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Global Medical Gas Market was valued at USD 2.56 billion in 2021 and is expected to reach USD 4.37 billion by 2029, registering a CAGR of 6.9% during the forecast period of 2022-2029. The “therapeutics applications” accounts for the largest application segment in the medical gas market within the forecasted period owing to its high demand as medicinal products and the related equipment in healthcare facilities. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Medical Gas Market Definition

Modern medicine relies heavily on gases. Gases help with breathing and anesthetic and allow professionals to analyze the functioning of the lungs and cardiovascular system. They are also used in diagnosis and cryosurgery. Medical gas basically refers to medicinal gaseous molecules that provide medical solutions. Medical gas is sterile and free of contaminants. It is used in hospitals to synthesize, sterilize, or insulate processes or products that benefit human health and inhaled by patients in a practice called as gas therapy.

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

The factors such as the increasing prevalence of chronic diseases and rising incidence of preterm births are the most significant factors driving the growth for this market. Also, the rising pollution levels and high prevalence of tobacco use, which cause various respiratory diseases, are expected to accelerate the market’s overall growth.

Furthermore, the rising healthcare expenditure from public and private authorities and increasing demand for advanced medical gas equipment, such as vacuum systems and manifolds are also expected to fuel market growth. Moreover, the rising awareness among the patients and doctors regarding the chronic diseases and increase in home healthcare application also cushions the market’s growth within the forecasted period. An increase in funding for medical gas-related research activities combined with the rising investments in extensive research and development activities is also projected to bolster the market’s growth.

Advancements and Innovations Offer Opportunities

Moreover, various technological advancements in medical science and market expansion in emerging economies are estimated to generate lucrative opportunities for the market. The introduction of advanced medical gas equipment coupled with installation of backup systems will further expand the medical gas market’s growth rate in the future.

Restraints/Challenges Global Medical Gas Market

Concerns Regarding Failure Of Medical Gas Equipment

The various incidences in past regarding the failure of medical gas equipment have resulted in fatalities and injuries, which is expected to obstruct market growth.

The imposition of various stringent regulations and standards pertaining to medical gas equipment are projected to challenge the medical gas market in the forecast period of 2022-2029. Moreover, the change in the medical gas calibration standards and the declining federal reimbursement for respiratory therapies also restrict the market’s overall growth.

This medical gas market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical gas market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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Post COVID-19 Impact on Medical Gas Market

The medical gas market was largely industry impacted by the outbreak of COVID-19. With the commencement of the COVID-19, the healthcare services were found to be overburdened and falling short. Medical gases have seen a growth in demand, and medical gas equipment has seen a similar development. Several administrations have been reported to have sanctioned temporary healthcare facilities as well as infrastructure upgrades. However, supply networks were interrupted as a result of the restrictions on people and products mobility, which had a minor impact on industrial growth. The market is likely to gradually gain traction during the short-term forecast period, with conditions stabilizing and international trade showing signs of recovery.

In July 2020, Air Liquide S.A. has agreed to buy South Africa’s largest oxygen producing facility. Sasol and Air Liquide have reached a deal for Air Liquide to buy and operate the plant. The move was made in order to boost the company’s overall production capacity and, as a result, its market position.

Global Medical Gas Market Scope

The medical gas market is segmented on the basis of product, application, method of separation and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

On the basis of product, the medical gas market is segmented into medical gases and medical gas equipment. Medical gases have been further sub-segmented into pure medical gases and medical gas mixtures. Pure medical gases have been divided into type and form of delivery where type has been classified into carbon dioxide, oxygen, nitrogen, nitrous oxide, medical air and helium. The form of delivery has been classified into liquid cylinders, high pressure cylinders and bulk delivery. Medical gas mixtures have been divided into laser-gas mixtures, lung diffusion mixtures, blood-gas mixtures, anaerobic gas mixtures, nitrous oxide–oxygen mixtures, aerobic gas mixtures, carbon dioxide–oxygen mixtures, ethylene oxide and helium-oxygen mixtures. Medical gas equipment has been further sub-segmented into oxygen concentrators, cryogenic products, equipment accessories and gas delivery systems. The equipment accessories have been divided into flowmeters, manifolds, hoses optical, regulators, vacuum systems, suction regulators, medical air compressors, outlets, monitoring systems (Alarms and Monitors) and valves with integrated pressure regulators (VIPRS).

On the basis of application, the medical gas market is segmented into pharmaceutical manufacturing and research, diagnostic applications, therapeutic applications and others. The therapeutics applications will register a significant growth rate owing to its high demand as medicinal products and the related equipment in healthcare facilities. Pharmaceutical manufacturing and research has been further sub-segmented into pharmaceutical manufacturing, drug discovery, quality control and process development. Diagnostic applications have been further sub-segmented into medical imaging and general laboratory use. Therapeutic applications have been further sub-segmented into cardiovascular diseases, respiratory diseases, cryosurgery, anesthesia and other.

On the basis of method of separation, the medical gas market is segmented into physical separators, fractional distillation, molecular sieve, semipermeable membrane and others.

On the basis of end user, the medical gas market is bifurcated into hospitals, home healthcare, pharmaceutical and biotechnology companies, academic and research institutions, emergency service providers and others.

Some of the major players operating in the medical gas market are Air Products Inc., (U.S), Linde Plc (Germany), Air Liquide (France), Ellenbarrie Industrial Gases (India), Praxair Technology, Inc., (U.S), TAIYO NIPPON SANSO CORPORATION, (Japan), AIMS INDUSTRIES PRIVATE LIMITED (India), scicalgas (U.S), SOL Group (Italy), Atlas Copco AB (Sweden), Zaburitz Pearl Energy Co., Ltd., (Myanmar), Rotarex (Luxembourg), Messer Group GmbH (Germany), Amico Group, (UAE) and GCE Group (Sweden) among others.

Research Methodology : Global Medical Gas Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.

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The report on this market encompasses: Comprehensive analysis of all the sections Esteemed data and figures on every region Latest market trends and drivers Superior insights into all emerging developments COVID-19 Impact

What Does the Report Offer? Bird’s-eye view understanding of the market trends and drivers; Piecemeal examination of all possible market segments; Comprehensive insights into the market restraints; and In-depth study of the regional dynamics and competitive landscape of the market.

Key Pointers Covered in this Market Industry Trends and Forecast Market Size Market New Sales Volumes Market Replacement Sales Volumes Market Installed Base Market By Brands Market Procedure Volumes Market Product Price Analysis Market Healthcare Outcomes Market Cost of Care Analysis Market Regulatory Framework and Changes Market Prices and Reimbursement Analysis Market Shares in Different Regions Recent Developments for Market Competitors Market Upcoming Applications Market Innovators Study

Market research analysis and estimations from a wide ranging A report aids businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to be followed for outdoing the rivals. Effortlessness maintained in research method and application of best tools and techniques makes this market research report an outstanding. The report is bifurcated into several attributes which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again detailed in the universal this business report as required to describe the topic and provide maximum information for better decision making.

The premium a market research report offers a great understanding of the current market situation with the historic and projected upcoming market size based on technological growth, value and volume, projecting cost-effective and leading fundamentals in the market. The industry report analyses market information related to specific stock, currency, commodity, and geographic region or country. SWOT analysis has been performed while building this market report along with many other standard steps of researching, analyzing and collecting data.

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