Uploaded on Jun 30, 2021
GrandViewResearch.com has announced the addition of “Global Medical Gases And Equipment Market Analysis And Segment Forecasts To 2020” Market Research report to their Database.The global medical gases and gas equipment market size is expected to reach USD 10.52 billion in 2020, according to a new report by Grand View Research, Inc. The increasing level of patients requiring emergency care, surgical interventions and respiratory disorders are expected to boost the medical gases market over the forecast period. https://medicaltestingsolutions.com/
Medical Gases And Gas Equipment Market Is Expected To Grow Rapidly
Medical Gases And Gas Equipment Market Is Expected To Grow Rapidly GrandViewResearch.com has announced the addition of “Global Medical Gases And Equipment Market Analysis And Segment Forecasts To 2020” Market Research report to their Database.The global medical gases and gas equipment market size is expected to reach USD 10.52 billion in 2020, according to a new report by Grand View Research, Inc. The increasing lev el of patients requiring emergency care, surg ical interventions and respiratory disorders are expected to boost the medical gases market over the forecast period. Full Research Report on Medical Gases and Equipment Market Analysis Old age heightens the need for healthcare by making individuals more susceptible to diseases especially pertaining to the respiratory system and triggers patient hospitalization rates. Statistics estimated by the WHO suggest that 55% – 60% of patients admitted in hospitals are administered with gases.The presence of favorable initiatives such as the U.S. Food and Drug Administration Safety and Innovation Act are expected to high rendering driver for growth of medical gases market. The act provides manufacturer with elimination of drug user fee, enhancement of profit margins, and power to fill intellectual property right for development of new product.The pure medical gases segment was the largest, representing a revenue share of over 60.0% in 2013. Extensive use of oxygen as the first line of treatment during emergencies such as heart attack and suffocation, for providing life support to artificially vented patients, and in events such as COPD, major trauma and severe hemorrhage is expected to witness huge demand for oxygen over the forecast.Medical gas mixtures are also gaining demand owing to their use in sterilization of heat and moisture sensitive instruments and disposable medical devices, during cancer radiation therapy, pain management procedures, and measurement of oxygen and carbon dioxide levels in blood stream. The mixtures are estimated to witness growth at rate of over 11.0%.Vacuum systems owing to their use in providing safe and sufficient flows at desired pressure levels to the medical gas outlets or vacuum inlet terminals held the largest share in 2013. Its market size is expected to reach over USD 1.6 billion by 2020. Masks are identified as the fastest growing equipment registering a CAGR of over 9.0% during the forecast period.The market for North America in 2013 was valued at USD 2.4 billion, owing to factors such as the presence of favorable government initiatives pertaining to new product development, sophisticated healthcare infrastructure and increasing patient awareness levels coupled with relatively higher healthcare expenditures in the region. Medical Gases and Equipment Product Outlook Medical Gases • Medical Pure Gases • Medical Air • Carbon Dioxide • Oxygen • Nitrogen • Nitrous Oxide • Helium • Medical Gas Mixtures • Carbon Dioxide – Oxygen Mixtures • Oxygen-Nitrous Oxide Mixtures • Ethylene Oxide • Oxyfume 2000 Medical Gases and Equipment Regional Outlook North America Europe Asia Pacific RoW About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Medical Testing Solutions Contact Us Phone Number +1 844-768-5744 Email Address support@medicaltestin gsolutions.com Website https://medicaltestingsol utions.com/
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