Medical gas equipment is the equipment used for store and delivers medical gases. There are numerous gases used in the medical facilities such as oxygen, nitrous oxide, nitrogen, carbon dioxide, medical air and others. The companies are providing a complete range of medical gas solutions and services.This growth is primarily driven by Increased Number of Hospitals and Clinics and Rising Prevalence of Respiratory Diseases.
Globally, a noticeable market trend is evident Increasing Demand for Home Healthcare Service. Major Players, such as The Linde Group (Germany), BeaconMedaes LLC (United States), Air Products and Chemicals Inc. (United States), Matheson Tri-Gas Inc. (United States), Praxair Inc. (United States), Powerex Inc. (United States), Ohio Medical (United States), Gentec Corp. (United States), Allied Health Care (United Kingdom) and Amico Corp. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2019, German industrial gases maker Linde AG has agreed to sell its South India business to Japanís Air Water Inc. (AWI) as part of a deal to complete its global merger with US-based Praxair Inc.
In July 2019, Atlas Copco has acquired the operating assets of MGES Inc., a service supplier of medical gas solutions including distribution and service of medical gas systems.
- Increased Number of Hospitals and Clinics
- Rising Prevalence of Respiratory Diseases
- Increasing Demand for Home Healthcare Service
- High Cost of Initial Investment
Growing Healthcare Industry Worldwide and High Demand from Developing Regions
Lack of Skilled Professionals
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