Medical gases industry analysis research and trends report for 2021- 2027

1. Medical gases market trends research and projections for 2021- 2027 • A research study conducted by Global Market Insights, Inc., suggests that medical gases marketis likely to exceed the $22 billion mark by 2027, in terms of revenue. The rising prevalence of chronic diseases and strong investment across the globe to uplift the healthcare infrastructure will augment medical gases market forecast. The ongoing crisis of COVID-19 has significantly elevated medical oxygen demand across the globe. • As the deadly coronavirus primarily infects the lungs and drastically reduces the blood oxygen level in the patient’s body, the constant supply of medical oxygen becomes the paramount treatment for the COVID 19 infected patients. According to the WHO, over half a million coronavirus patients in low to middle income nations are projected to need oxygen treatment on a daily basis. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

2. Robust demand for pure medical gases and gas mixtures in hospitals : Pure gases and gas mixtures are the two major types of medical gases. Pure medical gases include oxygen, helium, carbon dioxide, and others, whereas, gas mixtures are classified into nitrous oxide, medical air, and others. Among these, the pure medical gases segment is expected to reach around US$12.6 billion in value by 2027. • Carbon dioxide in laparoscopy and colonoscopy procedures is used to inflate the colon and abdominal cavity. On the other hand, it is also used extensively for cryotherapy to treat cataracts and vascular diseases. The growing prevalence of cataracts is likely to maintain constant demand for carbon dioxide. As per an estimate, there are over 20 million people aged more than 40 are suffering from cataracts in the U.S. • Prominent end-users of medical gases include hospitals, specialized clinics, ambulatory surgical units, and others. The market share from ambulatory surgical unit segment is predicted to grow at a 6.3% CAGR up to 2027. Same day delivery, better recovery time, and low cost are some major advantages of ambulatory surgical units that makes them highly convenient treatment facility for patients and community. With several benefits to patients, outpatient facilities are becoming highly popular across developed countries such as North America and Europe, as well as some developing regions. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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4. Regional Analysis • Japan held a significant market share in Asia Pacific medical gases industry and accounted for nearly US$500 million in 2020. Elderly people who are more susceptible to chronic ailments require a regular supply of medical oxygen. As per the WHO, the ratio of the elderly population aged over 65 in Japan is more than 28%, due to which age-related diseases are augmenting in the country • Competitive Analysis • Gulf Cryo, Air Products and Chemicals, Inc., Air Liquide S.A., and Linde Group plc, among others, are some of the leading companies involved in the production and supply of medical gases across the globe. These firms are focusing on numerous strategies such as acquisition, partnership, and new product launches to consolidate the market position. Request for Customization @ https://www.gminsights.com/roc/5062 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

5. Latest Research Report On Medical Gases Market @ https://www.gminsights.com/industry-analysis/medical-gases-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/5062 Request for customization: https://www.gminsights.com/roc/5062 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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