(Health-NewsWire.Net, April 04, 2018 ) The Latin America Medical Gases and Equipment market has been estimated at USD 1.55 billion in 2016 and is projected to reach USD 2.4 billion by 2021, at a CAGR of 9.1% during the forecast period from 2016 to 2021. Medical gases are specialized gases, which are used for medical purposes, drug processing and research in biotechnology. The medical gas can be a single pure gas or a mixture of different gases. The common types of gases used are oxygen, ammonia, hydrogen, nitrous oxide, nitrogen and carbon dioxide. The gas equipment such as cylinder and masks are used to store and deliver gas.
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The market for Medical Gases and Equipment is mainly driven due to high prevalence of respiratory and chronic diseases and formulation of government initiatives to increase the availability of emergency care in developing economies. But, the market growth can be restrained due to changing guidelines regarding calibration standards of analyzers and increasing burden of reimbursements on governments.
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Latin America market for Medical Gases and Equipment is segmented based on Product, Application and End-users. By Product, the market is further sub-segmented into Medical Gases (Pure Medical Gases by Type, by Form of 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), Medical Gas Equipment (Equipment Accessories, Oxygen Concentrators, Gas Delivery Systems, Cryogenic Products (Freezers)). By Application, the market is further sub-segmented into Therapeutic (Respiratory Diseases, Cardiovascular Diseases, Anesthesia, Cryosurgery), Diagnostic, Pharmaceutical Manufacturing and Research. By End-users, the market is further sub-segmented into Hospitals, Home Healthcare, Emergency Services, Pharmaceutical Industry, Academic & Research Institutions.
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Geographically, Latin America market for Medical Gases and Equipment is segmented into Brazil, Argentina and Mexico. The Medical Gases and Equipment market in the Latin America region is projected to grow at the high CAGR, which is greatly due to increasing incidence of lifestyle diseases, favorable government efforts further improving healthcare infrastructure, increasing per capita incomes, and growing middle-class population.
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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, Medical Gas Solutions Ltd., Matheson Tri-Gas, Taiya Nippon Sanso, Atlas Copco, are the major players of Latin America Medical Gases and Equipment market.
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