In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Medical Gases market for 2018-2023.
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.
Over the next five years, LPI(LP Information) projects that Medical Gases will register a 2.9% CAGR in terms of revenue, reach US$ 7130 million by 2023, from US$ 6000 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Medical Gases market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Medical Nitrous Oxide
Others (Medical Nitrogen and Carbon Dioxide etc.)
Segmentation by application:
Hospitals (Labs & Clinics)
Pharmaceutical & Biotechnology Industries
This report also splits the market by region:
Middle East & Africa
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:
Air Liquide (acquired Airgas in 2016)
Linde Healthcare (BOC Healthcare)
Taiyo Nippon Sanso Corporation (Matheson Tri-Gas Inc.)
Air Water Inc
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.
To study and analyze the global Medical Gases consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
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.