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Europe Medical Gases and Equipment Market is about to cross USD 6.3 billion

Europe Medical Gases and Equipment Market, published by Market Data Forecast, the Europe market is projected to reach USD 6.3 billion by 2022, at a CAGR of 8% from 2017 to 2022.
Medical Gases and Equipment Market
Medical Gases and Equipment Market 2017-12-07 12:44:45
Gases used for processing drugs and R&D in biotechnology are called medical gases. It can be single (pure) or a mixture of various gases. Oxygen, hydrogen etc. are few of those which are used. Cylinders are used for storage.

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Europe Medical Gases and Equipment Market: Drivers & Restraints

Growing number of respiratory diseases and the rising number of patients due to it, augmenting geriatric population, growing pollution and increasing number of people who smoke coupled with growing need for healthcare services are the primary drivers of market growth.

Constantly changing calibration standards of analysers, growing burden of reimbursements on governments are the primary restraints of this market.

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Europe Medical Gases and Equipment Market: Overview

By equipment, gas delivery systems category is the market leader and will remain so. Cryogenic products category will grow the fastest in the aforementioned forecast period. By gas, the atmospheric gases category captured the largest market share. By end-users chemical sector is predicted to be on a high growth trajectory.

Europe is the second largest market. Rising number of diseases are responsible for this trend.

Europe Medical Gases and Equipment Market: Key Players

Key players in the market include Air Products and Chemicals, Inc., The Linde Group, Air Liquide, Praxair, Inc., Taiyo Nippon Sanso Corp., SOL-SpA, Airgas, Inc., Atlas Copco, Messer Group, GCE Holding AB, Beacon Medaes. Other players in the market include Medical Gas Solutions Ltd., Matheson Tri-Gas, Taiya Nippon Sanso, Atlas Copco

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Abhishek Shukla
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