An ageing population and the growing incidence of chronic diseases mainly drive medical gas equipment sales. According to a recent report1 by Markets and Markets, the shift in treatment to the home rather than a hospital setting for many of these patients is also a factor when it comes to medical gases.
Today’s global market is $10.416m (2013), which is set to grow to $14.953m in five years.
In 2013, North America dominated medical gas markets – this will continue to be the case but its share of the global total will decrease to around 40% by 2018. Europe comes in second in terms of demand. In Asia-Pacific (mainly India and China) and Latin America, improving healthcare infrastructure, increasingly affordable healthcare services and growing disposable income are all factors contributing to the home use of equipment.
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