The global medical sensors market was estimated to be worth USD 8.21 billion in 2015 and is expected to reach USD 15.01 billion by 2022, growing at a CAGR of 8.5% between 2016 and 2022. The market is primarily driven by the implementation of the U.S. Food and Drug Administration (FDA) Safety and Innovation act, increasing prevalence of respiratory diseases, growing home healthcare market, rising aging population, rapid urbanization, and high prevalence of tobacco smoking.
In 2015, the medical gases segment accounted for the largest share of the medical gases and equipment market. The large share of this segment is majorly attributed to the high use of medical gases market for various respiratory and cardiovascular diseases in hospitals as well as home healthcare setups. On the basis of end user, the home healthcare segment is expected to grow at the highest CAGR, owing to the rising preference of patients to treat themselves at home.
Complete report on Medical Gases Market spread across 332 pages, profiling 10 companies and supported with 334 tables and 46 figures is now available at http://www.rnrmarketresearch.com/medical-gases-and-equipment-market-by-gases-oxygen-medical-air-nitrogen-nitrous-oxide-helium-blood-gas-mixture-nitrous-oxide-oxygen-mixture-by-equipment-cylinders-manifolds-regulators-flo-market-report.html .
In 2015, North America accounted for the largest share of the global medical gases market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest-growing region during the forecast period, owing to the increasing healthcare awareness, growth in the aging population, rising healthcare expenditures, and growth in per capita income.
In this report, the medical gases market is segmented on the basis of product, application, end user, and region. On the basis of product, the market is segmented into pure gases, medical gas mixtures, and medical gas equipment. The pure gases segment is further categorized on the basis of type and form of delivery. The medical gas equipment segment is categorized into equipment accessories, oxygen concentrators, gas delivery systems, and cryogenic products (freezers). The medical gases market, by application, is segmented into therapeutic, diagnostic, pharmaceutical manufacturing and research, and other applications.
Some key players in this market include Air Products and Chemicals, Inc. (U.S.), The Linde Group (Germany), Praxair, Inc. (U.S.), Taiyo Nippon Sanso Corp. (Japan), Air Liquide (France), SOL-SpA (Italy), Airgas, Inc. (U.S.), Atlas Copco (Sweden), Messer Group (Germany), and GCE Holding AB (Sweden). Ask for the discount before order a copy of Medical Gases Market Gases (Oxygen, Nitrogen, Nitrous Oxide, Helium, Gas Mixture) Equipment (Delivery System, Cryogenic Freezer, Oxygen Concentrator) Application (Respiratory Diseases, Anesthesia, Medical Imaging) by End User - Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=148873 .
The therapeutic application segment is further categorized into respiratory diseases, cardiovascular diseases, anesthesia, cryosurgery, and others; while, the diagnostic application segment is categorized into medical imaging and general laboratory use. The pharmaceutical manufacturing and research segment comprises drug discovery, process development, manufacturing, and quality control. On the basis of end users, the medical gases market is segmented into hospitals, home healthcare, emergency services, pharmaceutical industry, and academic & research institutions.
On a related note, another research on Medical Sensors Market Global Forecast to 2022 says, the global medical sensors market projected to grow at a CAGR of 8.5%. Monitoring devices to exhibit highest growth during the forecast period. North America held the largest share of the medical sensors market in 2015. Comapanies like Hitachi Medical Systems (U.S.), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), Toshiba Medical Systems (Europe), STMicroelectronics N.V. (Switzerland), Analog Devices (U.S.), Atmel Corporation (U.S.), Avago Technologies (U.S), Broadcom Corporation (U.S), and NXP Semiconductors (Netherlands) have been profiled in this 204 [ages research report available at http://www.rnrmarketresearch.com/medical-sensors-market-by-sensor-type-temperature-ecg-image-motion-pressure-placement-strip-wearable-implantable-ingestible-application-diagnostics-monitoring-therapeutics-imaging-geograph-st-to-2022-market-report.html .
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