Modernization of healthcare systems both at an institutional level as well as home healthcare is driving the growth of a number of associated markets, and the
medical gas market is one among those. An increasing ageing population across the globe coupled with increasing occurrences of epidemics is augmenting the growth of the overall healthcare system and with increasing cases of hospitalizations and related treatments, the medical gas market is expected to grow significantly. There are several indirect factors impacting this market. Some of these factors include the increasing occurences of lifestyle related diseases and syndromes, increasing pollution levels leading to repsiratory disorders and many more.
Medical gases are used for a range of applications such as surgical procedures and treatement, research and development, Drug discovery, among others. Research and Development efforts at pharmaceutical companies is another factor driving the growth of this market.
The Medical Gas market can be segmented on the basis of type of gases as:
- Carbon Dioxide
- Nitrous Oxide
- Boron Hydride
The medical gas market has also been segmented on the basis of types of gas mixtures as:
- Aerobic Gas Mixtures
- Anaerobic Mixtures
- Laser Gas Mixtures
- Ethylene Oxide
- Helium Oxygen Mixtures
- Blood Gas Mixtures
- Lung Diffusion Mixtures
- Nitrous Oxide-Oxygen Mixtures
- Carbon Dioxide-Oxygen Mixtures
In terms of applications, the Medical Gas market has been segmented across the following:
- Surgical procedures
- Research & Development
- Drug Processing
In terms of geographies, the North American market currently accounts for the largest share of the market followed closely by Europe. This can be attributed to the presence of some of the major pharmaceutical companies and research institutions in these regions coupled with the advanced healthcare systems in place. Asia Pacific and South America will grow faster owing to the increasing demand for superior healthcare facilities in these regions. Emergency care is getting a significant push from governments of some of the emerging economies in these regions. This also has the potential to impact the medical gas market in a positive manner.
The market has been segmented based on the following geographies:
- North America
- South America
- Middle East
Following are just a few of the companies that are operating in the Medical Gas market:
- Air Liquide
- Atlas Copco
- The Linde Group
- Messer Group GmbH
- Taiyo Nippon Sanso.