- The medical gases and equipment sector is a vital component of the healthcare industry, providing essential tools and substances used in various medical treatments, surgeries, and diagnostic procedures
- Medical gases refer to gases specifically manufactured for medical use, including oxygen, nitrous oxide, carbon dioxide, medical air, helium, and nitrogen
- The global medical gases and equipment market is experiencing significant growth, driven by several key factors. One of the primary drivers is the rising prevalence of chronic diseases such as chronic obstructive pulmonary disease (COPD), asthma, and cardiovascular disorders, which has led to a growing demand for therapeutic gases like oxygen and medical air
- The North America region stands out as one of the dominant regions for Medical Gases-Equipment, driven by its advanced healthcare infrastructure, high adoption of advanced technologies, and rise in prevalence of chronic diseases
- For instance, according to NIHCM Foundation, chronic diseases are the leading cause of illness, death, and disability in the U.S., affecting more than half of the population. Approximately 6 in 10 Americans live with at least 1 chronic disease, leading to significant health and economic burdens
- Medical gases are crucial for patient care, especially in respiratory therapy, anesthesia, surgery, and intensive care units (ICUs). For instance, oxygen is widely used for patients with respiratory conditions, while nitrous oxide serves as an anesthetic agent in surgeries and dental procedures
