North America Medical Gas Market, By Product (Medical Gases, Medical Gas Equipment), Application (Therapeutic Applications, Pharmaceutical Manufacturing & Research, Diagnostic Applications, Others), Method of Separation (Physical Separators, Fractional Distillation, Molecular Sieve, Semipermeable Membrane, Others) End User (Hospitals, Home Healthcare, Pharmaceutical and Biotechnology Companies, Academic and Research Institutions, Emergency Service Providers, Others), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Medical Gas Market
The medical gas market is expected to witness market growth at a rate of 7.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on medical gas market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the prevalence of fungal diseases globally is escalating the growth of tropical infection globally is escalating the growth of medical gas market.
Medical gases refer to the type of specialized gases that are used for medical purposes, several applications of biotechnology and drug processing. Medical gas consist of gases and pure gases for several medical processes. Hydrogen, carbon dioxide, boron hydride, nitrous oxide, oxygen, ammonia and nitrogen are the major types of medical gases that are included in pharmaceutical segment.
The increase in the number of people suffering from infectious diseases across the globe acts as one of the major factors driving the growth of medical gas market. The increase in demand for the program aiming to prevent the spread of transmission and, also to alleviate the suffering, and rise in demand of disease specific novel treatment for the various disease complications accelerate the market growth. The initiatives by public and private organizations towards developing enhanced therapies and rise in the number of clinical trial conducted by many pharmaceuticals industries further influence the market. Additionally, increase in population, advancements in the healthcare sector, technological advancements, rise in awareness, and funds by public and private organizations positively affect the medical gas market. Furthermore, increase in demand for novel treatment extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the development and limited operating revenue for research and development of novel drugs are expected to obstruct the market growth. Low awareness and low healthcare budget especially in developing regions are projected to challenge the medical gas market in the forecast period of 2021-2028.
This medical gas market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info medical gas market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Medical Gas Market Country Level Analysis
The medical gas market is segmented on the basis of product, application, method of separation and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the medical gas 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).
- On the basis of method of separation, the medical gas market is segmented into physical separators, fractional distillation, molecular sieve, semipermeable membrane and others.
- On the basis of end user, the medical gas market is segmented into hospitals, home healthcare, pharmaceutical and biotechnology companies, academic and research institutions, emergency service providers and others.
North America Medical Gas Market Country Level Analysis
The medical gas market is analyzed and market size insights and trends are provided by country, type, end user and distribution channel as referenced above.
The countries covered in the North America medical gas market report are U.S., Canada and Mexico in North America.
U.S. dominates the North America medical gas market due to the prevalence of various diseases among population within the region. Canada is projected to witness high growth during the forecast period of 2021 to 2028 because of the growth in awareness in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
The medical gas market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analyzed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and North America Medical Gas Market Share Analysis
The medical gas market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related medical gas market.
The major players covered in the live medical gas market report 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, and Allied Healthcare Products Inc., among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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