The global Medical
Gases and Equipment Market is poised to reach nearly USD 5315
million by 2020. Factors that fuel product demand are growing geriatric
population and high incidence of respiratory disorders and emphysema &
cystic fibrosis. Rising awareness among consumers & manufacturers about
usage & safety of medical gases may augment industry growth over the
forecast period (2012 to 2020). Also, popularity of home healthcare devices
could positively impact the market.
Medical gases are
used for medical treatment and diagnostics purposes. Devices that facilitate
medical gases into the human body are known as medical gas equipment. Medical
gases and equipment are also employed in biotechnology and pharmaceutical
industries for drug discovery, cell culture studies, pharmaceutical
manufacturing, and drug development.
Varying
requirements of medical practitioners propel the need for technologically
sophisticated products, such as integrated multifunctional medical gas
cylinders. This could significantly contribute to market growth. Owing to wide
gaps in demand and supply of medical gases, emerging economies are expected to
be the most lucrative regions in the overall industry. Other market drivers are
medical reimbursement facilities and rising disposable incomes.
The global medical
gases and equipment market is segmented as per products and geographies. On the
basis of products, the classifications are masks, flow meters, vacuum
systems/pumps, regulators, manifolds, medical air compressors, cylinders and
accessories, alarm systems, outlets, and hose assemblies and valves.
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The market for
medical air compressors is poised to witness remarkable growth during the
forecast period. These devices are used in a host of applications. Popularity
of lightweight cylinders with visible & audible alert mechanisms may drive
the cylinders market.
Geographically, the
worldwide medical gases and equipment market are divided into Asia Pacific,
Europe, North America, and Rest of the World (RoW). Sophisticated healthcare
infrastructure, high prevalence of respiratory diseases, obesity, and unhealthy
dietary patterns make North America the largest regional market. In 2013, this
region dominated the overall industry in terms of revenue. However, ongoing
market trends suggest that Asia Pacific may register a CAGR approximately 10%
till 2020. Regional drivers are high incidence of asthma & chronic
obstructive pulmonary disorder (COPD), improved medical infrastructure, and
demand for point-of-care based treatments & home healthcare.
Major competitors
in the Medical Gases And Equipment Market are Medical Gas Solutions, Air
Products Continental, Linde Group, Air Liquide Healthcare, and Matheson Tri-Gas
Inc. With a market share above 20%, Air Liquide Healthcare dominated the
worldwide industry in 2013. In order to gain higher market shares, companies
often engage in business ventures, such as mergers & acquisitions and geographical
expansions. New product development is another key area of focus for business
success in the long run.
In November 2016,
Ceodeux Meditec launched ALPI-CONNECT, a sophisticated terminal unit meant for
medical gas pipelines in clinics & hospitals. Equipped with a revolutionary
cartridge technology, this gas terminal unit minimizes maintenance costs and
saves time. Unlike conventional terminal units which need to be dismantled for
maintenance operations, the front cartridge design in ALPI-CONNECT ensures that
maintenance tasks are a lot easier. Ceodeux Meditec is a global supplier of
medical gas equipment & medical cylinder valves.
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