Medical Gases are fluids manufactured specifically for the medical, pharmaceutical manufacturing, and biotechnology industries. They are frequently used to synthesize, sterilize, or insulate processes or products which contribute to human health.
The medical gases market concentration is high and the global market is dominated by few companies like Air Liquide (Airgas), Linde Healthcare, Praxair, Air Products and Taiyo Nippon Sanso Corporation (Matheson Tri-Gas Inc.). These giants are dominating the medical gases market, from the manufacturing, distribution to service, occupying for over 84 percent of global market. The giants expand their market through mergers and acquisitions, building the global production and distribution network, from the developed countries to the emerging countries. In few future years, the market will became more concentrated in only few companies, and the market competition pattern will be very difficult to change.
Globally, the North America is the largest producer and consumer, followed by Europe, both occupy for over 60 % market share. The developed countries will sustain its growth in the years ahead, and it has a lot of room to grow in the emerging countries, especially in China, India, Southeast Asia and the Middle East regions.
According to this study, over the next five years the Medical Gases market will register a 2.9% CAGR in terms of revenue, the global market size will reach US$ 7130 million by 2024, from US$ 6000 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Medical Gases business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Medical Gases market by product type, application, key manufacturers and key regions and countries.
This study considers the Medical Gases value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Medical Oxygen
Medical Nitrous Oxide
Medical Air
Medical Helium
Others (Medical Nitrogen and Carbon Dioxide etc.)
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Hospitals (Labs & Clinics)
Home Healthcare
Universities/Research Institutions
Pharmaceutical & Biotechnology Industries
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Air Liquide (acquired Airgas in 2016)
Linde Healthcare (BOC Healthcare)
Praxair
Air Products
Taiyo Nippon Sanso Corporation (Matheson Tri-Gas Inc.)
Messer Group
SOL Group
Norco
Air Water Inc
Shenzhen Gaofa
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Medical Gases consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Medical Gases market by identifying its various subsegments.
Focuses on the key global Medical Gases manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Medical Gases with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Medical Gases submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Medical Gases . Industry analysis & Market Report on Medical Gases is a syndicated market report, published as Global Medical Gases Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Medical Gases market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.