Asia Pacific Medical Gas Market Trends, Futuristic Overview and Key Drivers with Top Countries Data By 2026


Posted July 16, 2021 by KunjalSharma

Asia Pacific Medical Gas Market By Product (Medical Gases, Medical Gas Equipment), Application (Therapeutic Applications, Pharmaceutical Manufacturing & Research, Diagnostic Applications, Others), Method of Separation

 
Asia Pacific medical gas market is projected to register the highest CAGR of 7.6% in the forecast period 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Medical gas is very important for the functioning of hospitals and other healthcare facilities. Medical Air, Carbon Dioxide, Oxygen, Nitrogen and Nitrous Oxide are the most common used medical gases in the hospital areas including recovery areas, patient rooms, operating rooms, and others. Medical Air is a supply of compressed air which can be used in healthcare facilities and hospitals for the distribution of medical gas. Oxygen is used for the inhalation and resuscitation therapy and is essential for every healthcare setting. Carbon Dioxide is used to insufflate medical gas for different less invasive surgeries like arthroscopy, laparoscopy, cryotherapy and endoscopy, and for respiratory stimulation. Nitrogen is used for the storage of cells, blood and tissues in cryogenic temperatures for avoiding the oxidation of the samples. Nitrous oxide is used as both analgesic and anaesthetic in various surgical techniques.
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Medical gases are referred to as specialized gases that are used for drug processing, medical purposes and several applications of biotechnology. Medical gas includes mixture of gases and pure gases for several medical processes. Oxygen, hydrogen, ammonia, carbon dioxide, nitrogen, boron hydride and nitrous oxide are the major types of medical gases included in pharmaceutical segment. The medical gas equipment includes masks and cylinder that are used for storing and delivering gas.
Medical gases are characterized as medical products and the equipment related with it are called as medical devices. These are often used by healthcare specialists for treatment and diagnostic purposes. In addition, it has various usages in biotechnology and pharmaceutical industry, such as cell culture studies, pharmaceutical manufacturing and drug discovery & development.
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Market Segmentation: Asia Pacific Medical Gas Market
Medical gas market is categorized into four segments which are product, application, method of separation and end user.
• On the basis of product, the market is segmented into medical gases, medical gas equipment. Medical gases segment is sub-segmented into Pure Medical Gases and Medical Gas Mixtures. Pure Medical Gases segment is further segmented into type and form of delivery. The type segment is further sub-segmented into oxygen, carbon dioxide, nitrous oxide, nitrogen, helium and medical air. The form of delivery segment is further sub-segmented into high pressure cylinders, liquid cylinders and bulk delivery. Medical Gas Mixtures segment is further segmented into blood-gas mixtures, lung diffusion mixtures, carbon dioxide–oxygen mixtures, nitrous oxide–oxygen mixtures, laser-gas mixtures, aerobic gas mixtures, anaerobic gas mixtures, ethylene oxide and helium-oxygen mixtures. Medical gas equipment segment is sub-segmented into equipment accessories, oxygen concentrators, Cryogenic Products (Freezers) and gas delivery systems. The Equipment Accessories segment is further sub-segmented into hoses optical, manifolds, regulators, flowmeters, suction regulators, vacuum systems, outlets, medical air compressors, monitoring systems (Alarms & Monitors) and valves with integrated pressure regulators (VIPRS). In 2018, medical gases segment is expected to dominate the Asia Pacific medical gas market and growing at the highest CAGR in the forecast period of 2019 to 2026.
o In January 2017, Linde Gas North America LLC, a subsidiary of Linde gas, has acquired a leading provider of respiratory equipment repair services and medical oxygen. This acquisition will help Linde Gas in strengthening their medical gas market in the U.S.
• On the basis of application, the market is segmented into pharmaceutical manufacturing & research, diagnostic applications, therapeutic applications and others. Pharmaceutical Manufacturing & Research segment is sub-segmented into drug discovery, pharmaceutical manufacturing, process development and quality control. Diagnostic Applications segment is sub-segmented into medical imaging and general laboratory use. Therapeutic Applications segment is sub-segmented into respiratory diseases, cardiovascular diseases, anesthesia, cryosurgery and other therapeutic applications. In 2018, therapeutic application segment is growing at the CAGR of 7.4% in the forecast period of 2019 to 2026. However, pharmaceutical manufacturing & research segment is growing with highest CAGR in the forecast period of 2019 to 2026.
o In January 2018, Air Liquide entered Saudi Arabia’s healthcare market by acquiring the respiratory unit of Thimar Al Jazirah (Saudi Arabia). This strategy helped the company to expand its business in healthcare activity and enhance its customer base in the Middle East.
• On the basis of method of separation, the market is segmented into physical separators, fractional distillation, molecular sieve, semipermeable membrane and others. In 2018, fractional distillation segment is expected to dominate the Asia Pacific medical gas market and growing at the highest CAGR in the forecast period of 2019 to 2026.
o In November 2018, Air Products and Sonatrach declared about their industrial gas’s contracts in Algeria. For Air Products and Chemicals, the HELIOs plant is very important as this can increase the amount of liquid helium produced in their JV plant.
• On the basis of end-user, the market is segmented into hospitals, home healthcare, pharmaceutical and biotechnology companies, academic and research institutions, emergency service providers and others. In 2018, hospital segment is expected to dominate the Asia Pacific medical gas market and growing at the highest CAGR in the forecast period of 2019 to 2026.
o In November 2018, Praxair Technology Inc. signed a long-term agreement with Fulcrum’s Sierra BioFuels Plant for supplying oxygen in Nevada, U.S. This strategy would help the company to enhance its customer base.
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Competitive Analysis: Asia Pacific Medical Gas Market
Some of the prominent players operating in this market are Air Products and Chemicals, Inc., Taiyo Nippon Sanso Corporation, The Linde Group, SOL-SpA, Praxair Technology, Inc., Air Liquide, Atlas Copco, GCE Holding AB, Messer Group, The Southern Gas Limited, Aims Industries Ltd., Amico Group, GCE Group, Crumpton Welding Supplies & Equipment, Zaburitz Pearl Co., Ltd., Ellenbarrie Industrial Gases, Uttam, SCI Analytical, Rotarex, Allied Healthcare Products Inc. and many others.
Research Methodology: Asia Pacific Medical Gas Market
Primary Respondents: Key Opinion Leaders (KOL’s): Manufacturer, Healthcare Professionals, Doctors, Nurses, Medical practitioners. Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers
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Issued By DBMR
Country United Kingdom
Categories Business
Last Updated July 16, 2021