The increasing demand for medical gases in healthcare facilities due to the rising prevalence of chronic diseases and the growing aging population is a major growth driver for the medical gas market. Additionally, the advancements in healthcare infrastructure and the growing awareness about the benefits of medical gases in various medical applications are driving market growth.
Industry
Report Coverage | Details |
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Segments Covered | Product, Application, End-use |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Linde plc., Air Liquide, Atlas Copco, TAIYO NIPPON SANSO CORPORATION, Matheson Tri-Gas, Messer, Air Products and Chemicals, INOX-Air Products |
Stringent government regulations and standards related to the production, storage, and distribution of medical gases pose a major restraint for the medical gas market. Additionally, the high cost associated with the production and distribution of medical gases is also a significant challenge for market growth.