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Medical Gases Market worth 19.96 Billion USD by 2021

Medical Gases Market worth 19.96 Billion USD by 2021

This report studies the global medical gases and equipment market during the forecast period of 2016 to 2021. The global medical gases and equipment market is expected to grow at a CAGR of 8.0% from 2016 to 2021, to reach USD 19.96 Billion by 2021. Growth in this market is attributed to factors such as growing home healthcare market, rising aging population, increasing prevalence of respiratory diseases, rapid urbanization, high prevalence of tobacco smoking, implementation of the U.S.

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Medical Gases Market worth 19.96 Billion USD by 2021

Medical Gases Market worth 19.96 Billion USD by 2021

This report studies the global medical gases and equipment market during the forecast period of 2016 to 2021. The global medical gases and equipment market is expected to grow at a CAGR of 8.0% from 2016 to 2021, to reach USD 19.96 Billion by 2021. Growth in this market is attributed to factors such as growing home healthcare market, rising aging population, increasing prevalence of respiratory diseases

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Growing Home Healthcare Market

Growing Home Healthcare Market

The global medical gases and equipment market is estimated to reach USD 19.96 Billion by 2021, growing at a CAGR of 8.0% from 2016 to 2021. Factors such as implementation of the U.S. Food and Drug Administration (FDA) Safety and Innovation Act, growing home healthcare market, rising aging population, increasing prevalence of respiratory diseases, rapid urbanization, and high prevalence of tobacco smoking are driving the growth of this market. Technological advancements and market expansion in emerging countries have also opened up new avenues for players operating in the medical gases and equipment market. However, factors such as changes in medical gas calibration standards, global shortage of helium, and declining federal reimbursements for respiratory therapies may restrain the growth of this market to a certain extent.

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