How is Prevalence of Various Diseases Driving Medical Gases and Equipment Market?

The prevalence of chronic, lifestyle-associated, and respiratory diseases is on the rise across the world. For example, as per the Centers for Disease Control and Prevention (CDC), about 117 million people in the U.S. were suffering from at least one chronic disease in 2012. Similarly, according to the World Health Organization, nearly 250,000 people die of asthma every year around the world. In order to treat these diseases, several medical gases and devices are required. Hence, as the prevalence of various diseases increases, the demand for all types of medical devices will also grow. Medical gases and equipment are important elements in medical centers, life sciences sector, laboratories, and long-term care; they are used for treatment as well as diagnosis of several diseases.

Download sample copy of this report: https://www.psmarketresearch.com/market-analysis/medical-gases-and-equipment-market/report-sample

According to a study conducted by the P&S Intelligence, the global medical gases and equipment market is expected to attain a value of $21.6 billion, advancing at a CAGR of 8.0%, in the coming years. The primary applications of medical gases and equipment include diagnostics, pharmaceutical manufacturing & research, and therapeutics. During 2012–2015, the largest demand for medical gases and equipment was created by therapeutic applications. Medical gases are used for various therapeutic purposes including treatment of cardiovascular and respiratory diseases, acute hypoxia, pain, resuscitation, and pulmonary arterial hypertension, cryosurgery, in neurobiology, and for anesthetization. The demand for medical gases and equipment will remain the highest for therapeutic applications in the near future due to the surging prevalence of chronic and respiratory diseases.

There are two types of medical gases, namely medical gas mixture and pure medical gas. During 2012–2015, the requirement for pure medial gas was higher. This gas comprises nitrogen, oxygen, carbon dioxide, helium, nitrous oxide, medical air, argon, xenon, and carbon monoxide. Types of medical gas equipment include oxygen concentrator, medical gas equipment accessories, and gas delivery system. Out of these, medical gas equipment accessories are expected to be demanded the most in the coming years. Medical gas equipment accessories are further divided into flow meters, regulators, vacuum systems, hoses, masks, outlets, manifolds, alarm systems, and others (which include pressure switches, fittings, ball valves, check valves, and conversion kits).

Browse full report at: https://www.psmarketresearch.com/market-analysis/medical-gases-and-equipment-market

This Study Covers

• Historical and the present size of the medical gases and equipment market

• Major factors driving the market and their impact during the short, medium, and long terms

• Market restraints and their impact during the short, medium, and long terms

• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders

Comments

Post a Comment

Popular posts from this blog

Why is Synthetic Biology Market Advancing Rapidly in North America?

Image
According to the forecast of the market research firm, P&S Intelligence, the global synthetic biology market will grow at an explosive pace in the coming years. The factors propelling the advancement of the market are the soaring geriatric population, advanced and innovative applications of synthetic biology, rising support from several government organizations, ballooning research activities, and surging investments being made in research and development activities pertaining to drug development and drug discovery all over the world.  To learn more about this report:  https://bit.ly/2I3rUew Synthetic biology is basically an interdisciplinary domain that deals with the redesigning and fabrication of various biological components and systems that do not exist in the world around us. This interdisciplinary field focusses on the application of several engineering principles to biology. Synthetic biology helps researchers and healthcare professionals majorly in the study and developme
Read more

How is the Spunbond Nonwoven Fabric Changing the Landscape of Multiple Industries?

Image
Commonly known as spun laid, spunbond nonwoven fabric is produced by the continuous process of fibres spun and can be directed with air streams or can be dispersed directly to a web-like deflector. Spunbond is free of lubricants and it is a non-toxic material. As the spunbond nonwoven fabric is very durable in nature and has beneficial traits, such as high strength and resistance to bacteria, it is being increasingly used in the textile industry.  Additionally, with the soaring sales of diapers, feminine hygiene pants, and toddler training pants, owing to the surging per capita income and growing public awareness about personal hygiene, the demand for spunbond nonwovens is increasing sharply. Moreover, the mushrooming requirement for adult incontinence products, on account of the ballooning population of geriatric people, especially in Germany, Japan, and Italy, is also driving the demand for these fabrics across the globe. According to the United Nations Department of Economic and So
Read more

How Will Rapid Urbanization Propel Lead–Acid Battery Sale?

Image
The global automobile production surged from 52,146,292 units between January 2020 and September 2020 to 57,262,777 units between January 2021 and September 2021, as per the OICA. Furthermore, the IEA estimates that global PHEV car and BEV car stock will grow from 3,346,713 units in 2020 to 16,335,941 units by 2025 and 6,850,327 units in 2020 to 29,626,576 units by 2025, respectively. The increasing adoption of EVs and the burgeoning vehicle demand will, therefore, encourage the use of lead–acid batteries in the upcoming years. Additionally, the accelerating urbanization rate and the ongoing industrial revolution will propel the lead–acid battery market growth in the foreseeable future. The rapid urbanization and industrialization creates will create a huge requirement for power, owing to which households and manufacturing units deploy such energy storage devices in abundance. According to the World Urbanization Prospects: 2018 Revision by the Population Division of the UN, the global
Read more