Europe medical gas market is expected to witness market growth at a rate of 7.9% in the forecast period of 2022 to 2028. The rising frequency of chronic diseases such as respiratory and cardiovascular diseases, and cancer is one of the primary drivers of the medical gas equipment market. Medical gases such as oxygen, nitrous oxide, and carbon dioxide are required for the treatment of these disorders. This, in turn, drives the demand for medical gas equipment. Another significant driver is the increasing need for home healthcare services, which has increased the demand for portable and lightweight medical gas equipment. Portable oxygen concentrators, for example, have grown in demand among those suffering from a chronic obstructive pulmonary disease (COPD) and other respiratory ailments. The growing usage of telemedicine and remote patient monitoring is also raising the demand for medical gas equipment in home healthcare settings.
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Based on product type, the medical oxygen segment is expected to hold the largest market share, owing to its high usage in respiratory therapy and emergency medicine. The medical nitrous oxide segment is expected to witness the fastest growth, driven by the increasing demand for nitrous oxide sedation in dental procedures.
Geographically, North America is expected to hold the largest market share in the medical gas market, owing to the presence of established healthcare infrastructure and high healthcare expenditure. The Asia-Pacific region is expected to witness the fastest growth in the market, driven by the growing healthcare sector and increasing demand for medical gases in emerging economies such as China and India.
Overall, the medical gas market is expected to witness significant growth in the coming years, driven by the increasing prevalence of respiratory diseases, rising demand for medical gases in healthcare facilities, and the growing geriatric population.
The medical gas market is expected to experience significant growth during the forecast period of 2022-2029. This growth can be attributed to several factors, including the increasing prevalence of respiratory diseases, rising demand for medical gases in healthcare facilities, growing geriatric population, and increasing number of surgeries and emergency care procedures.
By product, the medical gas market can be segmented into medical oxygen, carbon dioxide, nitrous oxide, nitrogen, helium, and others. Medical oxygen is the most commonly used medical gas and is expected to hold the largest share of the market during the forecast period. This is due to the widespread use of medical oxygen in the treatment of respiratory diseases and other medical conditions.
Highlight of Table of Content:
Chapter 1: Market overview
Chapter 2: Europe Medical Gas Market Analysis
Chapter 3: Regional analysis of Europe Medical Gas Market
Chapter 4: Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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The major players covered in the 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., and Others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Profound Questions Answered in this Report:
• What is the growth rate of various stages in the value chain of the industry?
• Which region has the highest growth rate and size of the emerging market by value in 2022?
• Who are the competitive players in Europe Medical Gas Market?
• Which region has the largest share and degree of competition in the industry?
• What is the CAGR of the market during the forecast period 2022 to 2029?
• Which region is expected to hold the highest market share for the market?
• What is the main driver of the Europe Medical Gas Market?
• What is sales volume, revenue, and price analysis of top players of the market?
• What are the market opportunities and threats faced by the vendors in the industry?
• What has been the impact of COVID-19 on Europe Medical Gas Market?
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