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Europe medical gases and equipment market growing at a CAGR of 8.0%

Europe medical gases and equipment market growing at a CAGR of 8.0%

The Europe Medical Gases and Equipment market has been estimated at USD 4.19 Billion in 2016 and is projected to reach USD 6.15 Billion by 2021, at a CAGR of 8.0% during the forecast period from 2016 to 2021.

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Medical gases are particular gases, which are used for drug processing, medical use and research work in biotechnology. The medical gas can be a single pure gas or a mixture of different gases.

The common types of gases used are oxygen, ammonia, hydrogen, nitrous oxide, nitrogen and carbon dioxide. The gas equipment such as cylinder and masks are used to store and deliver gas.

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The market for Medical Gases and Equipment is mainly driven due to increasing numbers of patients suffering from lifestyle and respiratory diseases, expanding geriatric population base, large population of smoking people, rising pollution level and rising demand for home healthcare solutions. But, the market growth can be restrained due to changing guidelines regarding calibration standards of analyzers, increasing burden of reimbursements on governments.

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Europe market for Medical Gases and Equipment is segmented based on Product, Application and End-users. By Product, the market is further sub-segmented into Medical Gases (Pure Medical Gases by Type, by Form of Delivery), Medical Gas Mixtures (Blood Gas Mixtures, Lung Diffusion Mixtures, Nitrous Oxide-Oxygen Mixtures, Carbon Dioxide-Oxygen Mixtures, Laser Gas Mixtures, Aerobic Mixtures, Anaerobic Mixtures, Ethylene Oxide, Helium Oxygen Mixtures), Medical Gas Equipment (Equipment Accessories, Oxygen Concentrators, Gas Delivery Systems, Cryogenic Products (Freezers)).

By Application, the market is further sub-segmented into Therapeutic (Respiratory Diseases, Cardiovascular Diseases, Anesthesia, Cryosurgery), Diagnostic, Pharmaceutical Manufacturing and Research. By End-users, the market is further sub-segmented into Hospitals, Home Healthcare, Emergency Services, Pharmaceutical Industry, Academic & Research Institutions.

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Geographically, Europe market for Medical Gases and Equipment is segmented into Germany, France, Italy, Spain and U.K.  Europe is the second biggest market in terms of market share across the globe.

The market in Europe is highly driven due to increasing demand for mixture gases required for conditions such as renal dialysis, cardiopulmonary bypass surgery and pain management.

Air Products and Chemicals, Inc., The Linde Group, Air Liquide, Praxair, Inc., Taiyo Nippon Sanso Corp., SOL-SpA, Airgas, Inc., Atlas Copco, Messer Group, GCE Holding AB, Beacon Medaes, Medical Gas Solutions Ltd., Matheson Tri-Gas, Taiya Nippon Sanso, Atlas Copco, are the major players of Europe Medical Gases and Equipment market.

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