Uptake of Medical Gases and Equipment Market Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects KDMI

 According to a new report, titled, “Medical Gases and Equipment Market Insights, Trends, Opportunity & Forecast, 2021–2026,” Medical Gases and Equipment market size is anticipated to at a witness single digit growth during forecast period i.e. 2021-2026.

The market has developed fundamentally because of different innovative progressions. The elements which are supposed to drive the market development before very long incorporate the rising predominance of constant infections and the rising frequency of respiratory sicknesses. Extension of the market in the non-industrial country is additionally expected to introduce a wide scope of chances for the market players.

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The global Medical Gases and Equipment market is predicted to develop due to the use of Medical Gases and Equipment in paints, plating chemicals, and catalysts. Furthermore, alloys, catalysts, pigments, magnets, and soaps all need cobalt carbonate. It's utilized as a dietary supplement because it's a necessary component for good health. Medical Gases and Equipment is also frequently utilized as a cathode material in batteries, cars, and electronic gadgets. Due to the alloy's excellent heat resistant qualities, it's also employed in the repair of alloys used in jet engines.

COVID-19's Effects

Over the last 18 months, almost every industry on the planet has suffered a setback. This is due to major disruptions in their manufacturing and supply-chain operations as a result of numerous precautionary lockdowns and other restrictions imposed by governments around the world. The global Medical Gases and Equipment market is no exception. Furthermore, consumer demand has decreased as people have been more focused on removing non-essential expenses from their budgets as the general economic situation of most people has been badly impacted by the outbreak. The revenue trajectory of the worldwide Medical Gases and Equipment market is likely to be hampered by the aforementioned factors throughout the forecast period. The global Medical Gases and Equipment market, on the other hand, is predicted to rebound as separate regulatory bodies begin to relax these imposed restrictions.

The report investigates North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa in terms of geography. With growing demand in emerging economies such as India and China, the Asia-Pacific region has the greatest proportion of the Medical Gases and Equipment market. Due to its rising applications in the vehicle sector, Europe is a close second. In the foreseeable future, North American and Latin American markets are expected to see significant expansion.

Global Medical Gases and Equipment market analysed across different geographies i.e. North America (U.S. & Canada), Europe (Germany, United Kingdom, Italy, Spain, Russia, France and Rest of Europe), Asia Pacific (China, India, Japan, Indonesia, Taiwan, South Korea, Australia, New Zealand), Latin America (Brazil, Mexico, Argentina) & Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa).

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Market Segmentation

Medical Gases and Equipment Market, By Type

• Medical Gas
  • Pure Medical Gases, By Type
    • Oxygen
    • Carbon Dioxide
    • Nitrous Oxide
    • Nitrogen
    • Medical Air
    • Helium

• •  By Form of Delivery
    • High Pressure Cylinders
    • Liquid Tanks
    • Bulk Delivery
  • Medical Gas Mixtures
    • Blood-gas Mixtures
    • Lung Diffusion Mixtures
    • Nitrous oxide-oxygen Mixtures
    • Carbon dioxide-oxygen Mixtures
    • Laser-gas Mixtures
    • Aerobic Mixtures
    • Anaerobic Mixtures
    • Ethylene Oxide
    • Helium-oxygen Mixtures

• gas equipment
  • Equipment Accessories
    • Hoses
    • Manifolds
    • Regulators
    • Flowmeters
    • Suction Regulators
    • Vacuum Systems
    • Outlets
    • Monitoring Systems
    • Valve with Integrated Pressure Regulator
    • Medical Air Compressors
  • Cryogenic Products
  • Gas Delivery Systems

Medical Gases and Equipment Market, By Application

• Therapeutic
  • Respiratory Diseases
  • Cardiovascular Diseases
  • Anesthesia
  • Cryosurgery
  • Others
• Diagnostics
  • Medical Imaging
  • General laboratory Use
• Pharmaceutical manufacturing and research
  • Drug Discovery
  • Process Development
  • Pharmaceutical Manufacturing
  • Quality Control

By End User the market is divided as follows:

• Hospitals
• Home Healthcare
• Pharmaceutical and Biopharmaceutical Companies
• Diagnostic and Research Laboratories
• Academic Institutes and Research Institutes

Companies Profiled in Report

Some of the key players major Medical Gases and Equipment market companies profiled in the report include:

• The Linde Group (Germany)
• Air Liquide (France)
• Air Products and Chemical Inc. (US)
• Praxair Inc. (US) 

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