Medical gases are nowadays widely used in healthcare settings such as hospitals, pharmaceutical industries, clinics, and emergency services. Increasing incidence of chronic and life-threatening diseases will spur the demand for medical gases, drives the market growth. According to the World Health Organization (WHO), chronic disease conditions such as asthma, COPD, cardiovascular disorders and others are increasing rapidly across the globe. This will boost the uptake of medical gases for therapeutic and diagnostic purposes, leading to augment the market growth.
Moreover, in July 2012, the U.S. Congress passed a bill putting into effect the Food and Drug Safety and Innovation Act. This act is expected to serve this market as a driver during the forecast period on account of factors such as providing manufacturers with intellectual property rights protection for new products, establishing a certification process for medical gas and equipment production and various others. However, strict regulatory norms to use medical gas and its associated equipment hamper the market to some extent.

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Pure gases, Medical Gas Mixtures, and Medical Gas Equipment are the product segments of the market. Among which, medical gas equipment accounted for the largest share of the market, more than 52% share in 2017. The pure gas segment is divided into Oxygen, Medical Air, Helium, Carbon Dioxide, Nitrogen, and others. These gases are used in a variety of medical applications. For example, oxygen is a medical gas, used in all healthcare setting. It is also used for inhalation and resuscitation therapy. Oxygen is used for the treatment of conditions such as cyanosis, COPD, carbon monoxide poisoning, shock, hemorrhage, trauma, respiratory arrest, and cardiovascular disorders.

Gas mixture segment is bifurcated into Helium-Oxygen Mixtures, Carbon Dioxide-Oxygen Mixtures, Blood Gas Mixtures, Oxygen-Nitrous Oxide Mixtures, Laser Gas Mixtures, Lung Mixtures and others. By Equipment, the market is categorized as Manifolds, Vacuum Systems, Alarm Systems, Flowmeters, Cylinders, and others. Manifolds and Vacuum Systems are major revenue generating product segment in 2017 and expected to dominate the market over the forecast period.

Application of medical gases in therapeutic field captured the largest share of the global market. In 2017, the therapeutic application recorded 47.23% share of the total market. Therapeutic medical gases offer huge impact as a new and innovative therapeutic tool for unmet medical requirements. There is a broad range of medical gases that are used in treatment such as oxygen, carbon dioxide, nitrogen, oxygen-nitrous, oxide mixtures, helium-oxygen mixtures and laser gas mixtures.

For example, the traditional medical gases such as oxygen and nitrous oxide play protective roles in various disease conditions such as respiratory, cardiovascular and blood vessel-related problems. Diagnostic purpose of medical gases is expected to grow at highest growth rate owing to its wide application area. The increase in demand for high-end diagnostics technology and the rising blood gas analysis and lung function testing is further expected to drive the growth of this particular segment.

BeaconMedæs, Air Liquide, The Linde Group, the H.A.C. Group and Matheson are profiled in the study. Among which, Linde Group has captured a significant share of the total market in 2016. The company’s business segment include healthcare, natural gas, industrial gases, alkene and air separation, engineering equipment and logistics services. The company has a market presence across over 100 countries with over 600 affiliated companies. It has launched a new cloud-based version of its cylinder inventory intelligence service, ACCURA which provide increased productivity, and improved traceability.

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Global Medical Gases Market is Categorized as below
Market, by Products
Pure gases
-Oxygen
-Medical Air
-Helium
-Carbon Dioxide
-Nitrogen
-Others

Medical Gas Mixtures
-Helium-Oxygen Mixtures
-Carbon Dioxide-Oxygen Mixtures
-Blood Gas Mixtures
-Oxygen-Nitrous Oxide Mixtures
-Laser Gas Mixtures
-Lung Mixtures
-Others

Medical Gas Equipment
-Manifolds
-Vacuum Systems
-Alarm Systems
-Flowmeters
-Cylinders
-Others

Market, by Application
-Therapeutics
-Diagnostics
-Others

Market, by Region
-North America
-Europe
-Asia Pacific
-Middle East and Africa
-Latin America
-Rest of the World

Market, by Country
-U.S.
-Canada
-Germany
-France
-India
-China

Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):
BeaconMedæs
Air Liquide
The Linde Group
The H.A.C. Group
Matheson

USP of our key vendor analysis:
Well-designed strategic framework design for these key players will help to understand the market movement including regional expansion, mergers & acquisitions, and new product developments
Thorough SWOT i.e. Strength, Weakness, Opportunities and Threat for individual company profiling is analyzed in order to present a detailed market opportunity assessment.

Key benefits of the report:
•The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
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•Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

Research Methodology:
-Preliminary Data Mining: Secondary Research, Paid Databases, Primary Research
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-Market Formulation: Market Dynamics, Total Addressable Market and Machine Learning Technique
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