Medical gases are meant to be administered to a patient for therapeutic, diagnostic or anesthetic purposes. These gases have wide application in healthcare. They are produced, distributed and facilitated through means of medical gas equipment. The main driver for this market is the U.S. Food and Drug Administration Safety and Innovation Act, implemented in July 2012,that enables manufacturers to control costs and to file for intellectual property rights for new medical gas and equipment products. Moreover, advancements in technology and the growing aging population would also contribute to market growth. Medical gas solutions, Linde Gas, Air Liquide, Air Products and Chemicals Inc., Air Gas Inc., Beaconmedaes and Praxair Inc. are some players in this market.
The medical gases market is segmented into product type, application and geography. On the basis of product type, the market is segmented into medical gases and medical equipment. Medical gases are further segmented into medical pure gases and medical gas mixtures. The medical gases equipment market includes manifolds, hose assemblies and valves, outlets, flowmeter, cylinders and accessories, medical air compressor, regulators, alarm system and vacuum system. The medical gases application market includes hospitals, pharmaceutical and biotechnology industry, universities and research institutes and home healthcare. Geographically, the market is segmented into North America, Europe, Asia-Pacific and LAMEA.
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