• About us
  • Contact Us
  • Submit a Press Release
Sunday, May 28, 2023
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
TheEast-Africana
No Result
View All Result
Submit PR
  • Ethiopia

    Gem trader HB Antwerp eyes African diamonds after Botswana pact … – London South East

    Police senior command students in Botswana for external study tour – Taarifa News

    Botswana to focus on improving quality of goods, service: official – Xinhua

    Opinion – Namibia and Botswana: An exciting future – Truth, for its … – New Era

  • Kenya

    African Trade Observatory to spur small business in African Free Trade Area – ZAWYA

    Biden Plans to Thaw and Diversify Relationship With China – Yahoo Canada Finance

    Eswatini: Increased Private Sector Employment and Enhanced Human Capital Development are top priorities of new World Bank Group (WBG) Strategy – ZAWYA

    Health News Roundup: Taiwan excluded from WHO annual assembly following Chinese opposition; Don't delay reforms to prepare for next pandemic – WHO chief and more – Devdiscourse

  • Rwanda

    Africa Smartphone Tariff Tracker and Analysis 2023: Post-and … – Business Wire

    Lesotho imposes nationwide curfew in attempt to curb violent crime … – Daily Independent

    President Ramaphosa to attend launch of Phase 2 of Lesotho … – South African Government News Agency

    Rwanda: Red Cross Supports Cooperatives Owned By Refugees … – AllAfrica – Top Africa News

  • Uganda

    Uganda: We Should Have a Dialogue With Museveni – FDC Chairman – AllAfrica – Top Africa News

    era92 Fund Raises $425k to Empower Micro and Social Ventures in Uganda – Causeartist – Causeartist

    Tech ‘unicorns’ are still mythological in SA – ITWeb

    Uganda's net foreign assets register Shs29b increase – Monitor

  • MORE COUNTRIES
    • Burundi
    • Comoros
    • Djibouti
    • Eritrea
    • Ethiopia
    • Kenya
    • Madagascar
    • Malawi
    • Mauritius
    • Mozambique
    • Rwanda
    • Seychelles
    • Somalia
    • South Sudan
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • AFRICA
    Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

    Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

    BZR on Coinstore – a Significant Milestone for Bazaars

    BZR on Coinstore – a Significant Milestone for Bazaars

    Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

    Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

    أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

    أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

  • Press releases
    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    A handful of walnuts a day may enhance cognitive development in adolescents

    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    NLP in Finance Market worth $18.8 billion by 2028

    NLP in Finance Market worth $18.8 billion by 2028

    Pharmaceutical Manufacturing Equipment Market Set to Reach $19.7 Billion by 2028: Growth Projections and Industry Analysis

    Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

    Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

    Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029

    Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029

    Trending Tags

    • Ethiopia

      Gem trader HB Antwerp eyes African diamonds after Botswana pact … – London South East

      Police senior command students in Botswana for external study tour – Taarifa News

      Botswana to focus on improving quality of goods, service: official – Xinhua

      Opinion – Namibia and Botswana: An exciting future – Truth, for its … – New Era

    • Kenya

      African Trade Observatory to spur small business in African Free Trade Area – ZAWYA

      Biden Plans to Thaw and Diversify Relationship With China – Yahoo Canada Finance

      Eswatini: Increased Private Sector Employment and Enhanced Human Capital Development are top priorities of new World Bank Group (WBG) Strategy – ZAWYA

      Health News Roundup: Taiwan excluded from WHO annual assembly following Chinese opposition; Don't delay reforms to prepare for next pandemic – WHO chief and more – Devdiscourse

    • Rwanda

      Africa Smartphone Tariff Tracker and Analysis 2023: Post-and … – Business Wire

      Lesotho imposes nationwide curfew in attempt to curb violent crime … – Daily Independent

      President Ramaphosa to attend launch of Phase 2 of Lesotho … – South African Government News Agency

      Rwanda: Red Cross Supports Cooperatives Owned By Refugees … – AllAfrica – Top Africa News

    • Uganda

      Uganda: We Should Have a Dialogue With Museveni – FDC Chairman – AllAfrica – Top Africa News

      era92 Fund Raises $425k to Empower Micro and Social Ventures in Uganda – Causeartist – Causeartist

      Tech ‘unicorns’ are still mythological in SA – ITWeb

      Uganda's net foreign assets register Shs29b increase – Monitor

    • MORE COUNTRIES
      • Burundi
      • Comoros
      • Djibouti
      • Eritrea
      • Ethiopia
      • Kenya
      • Madagascar
      • Malawi
      • Mauritius
      • Mozambique
      • Rwanda
      • Seychelles
      • Somalia
      • South Sudan
      • Tanzania
      • Uganda
      • Zambia
      • Zimbabwe
    • AFRICA
      Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

      Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

      BZR on Coinstore – a Significant Milestone for Bazaars

      BZR on Coinstore – a Significant Milestone for Bazaars

      Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

      Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

      أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

      أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

    • Press releases
      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      A handful of walnuts a day may enhance cognitive development in adolescents

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      NLP in Finance Market worth $18.8 billion by 2028

      NLP in Finance Market worth $18.8 billion by 2028

      Pharmaceutical Manufacturing Equipment Market Set to Reach $19.7 Billion by 2028: Growth Projections and Industry Analysis

      Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

      Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

      Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029

      Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029

      Trending Tags

      Submit PR
      No Result
      View All Result
      TheEast-africana
      Submit PR
      Home Press Releases

      Medical Gas Market Size Estimated to Reach $9.3 Billion by 2027

      admin by admin
      April 13, 2022
      in Press Releases
      Medical Gas Market Size Estimated to Reach $9.3 Billion by 2027
      Share on FacebookShare on Twitter


       


      Medical Gas Market

      (EMAILWIRE.COM, April 13, 2022 ) The Medical Gas Market size is estimated to reach $9.3 billion by 2027. Furthermore, it is poised to grow at a CAGR of 7.5% over the forecast period of 2022-2027. Medical gases are the quintessential portion and provide structural integrity to the overall healthcare sector. Medical gasses are provided in numerous ways, such as via the help of portable compressed air systems or with stand-alone oxygen cylinders. The medical gasses need to be monitored, if not, the overall health can deteriorate, hence, oxygen flow meter or valve controls or vacuum insulated evaporator are placed and regularly monitored. Moreover, medical-grade compressed air is used in just about every area of a hospital and is administered to patients who need inhaled medications and anesthesia, while patients are under anesthesia agents, for treatment of respiratory conditions, and to power ventilators. Medical air, oxygen, carbon dioxide, nitrogen, and nitrous oxides are some of the common medical gases being used in industry. The rising incidences of chronic diseases supplemented by the senior population have been the key factor driving the Medical Gas Industry for the projected period of 2022-2027.

      Medical Gas Market Segmentation Analysis- By Gas Type

      The medical gas market based on type can be further segmented into Pure Gasses and Gas Mixtures. Pure-Gasses held a dominant market share in the year 2021. It is owing to the robust demand being seen, owing to the pandemic and as the world is suffering through a rough- bout of COVID waves. As per the official numbers by the UK government, the demand for medical oxygen soared up to 10x during the second wave of COVID. Moreover, Pure Gasses is estimated to be the fastest-growing, with a CAGR of 8.4% over the forecast period of 2022-2027. It is owing to the rise in pulmonary diseases, and other respiratory malignancies, which pre-existed before the pandemic, whose numbers would continue to soar as per the rising population levels, and other instigators. Oxygen therapy is the first line of action for acute asthma cases, as for now, 25 million Americans or one in every thirteen is afflicted by asthma. The numbers around the globe are expected to be stood up, which would become a promising factor within the homecare setting.

      Request for Sample Report @ https://www.industryarc.com/reports/request-quote?id=15642
      Report Price: $ 4500 (Single User License)

      Medical Gas Market Segmentation Analysis- By End-Users

      The medical gas market based on end-users can be further segmented into Hospitals, Ambulatory Surgical Centers, Private Clinics, Homecare, and Others. Hospitals held a dominant market share in the year 2021. It is owing to the demand created owing to the substantial presence of chronic diseases and ailments, along with the pandemic. Moreover, patients were advised to take admission to a hospital if they felt the overall oxygen saturation was dipping down. However, the Homecare segment is estimated to be the fastest-growing, with a CAGR of 8.3% over the forecast period of 2022-2027. It is owing to the rising geriatric population and the development of telehealth services that allow gaining treatment insights at the comfort of ones home. 16.5% of the U.S. population of 328 million people, or 54 million, are over the age of 65, the latest census reveal. By 2030, that number will rise to 74 million. The number of people over the age of 85, who generally need the most care, is growing even faster.

      Medical Gas Market Segmentation Analysis- By Geography

      The medical gas market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held the dominant share of 33% as compared to the other regions in 2021. It is owing to the tertiary demand being seen in the ambulatory surgical centers, along with an overloaded demand for medical air/oxygen, primarily because of COVID. The number of deaths, due to COVID in the US surpassed 800,000, most of them during the year 2021, or late oxygen intervention. The following figure shows the absolute demand seen, which trembled the healthcare beyond repair. However, Asia-Pacific is expected to offer lucrative growth opportunities to marketers in the projected period of 2022-2027. It is owing to the growing attention of the government to set up new medical colleges, by additionally setting up plants for medical gasses.

      Medical Gas Market Drivers

      The pandemic, COVID-19, acted as a ready driver for the market and would continue to do so during the projected period.

      Sars-Coronavirus-19 affected human lives in matters more than one. Further, the novel virus attacks one’s lungs, thereby, the infected lung becomes ineffective in allowing oxygen to pass from the environment to the bloodstream. To increase the amount of oxygen in the lungs and blood, supplemental oxygen therapy is continued which will be sufficient treatment before recovery in most cases. The virus when it multiplies reaches through the mucous membranes to the trachea to the tiny little air sacks known as alveoli. Alveoli is where the virus affects the most, as it makes the linings inflamed, making it difficult to rely on natural oxygen. Moreover, within India, the need for medical oxygen was close to 3,095 Metric tons, which tripled to 9,000 metric tons in the period April-May. Moreover, governments have assured populations that around 18,000 metric tons of supplemental oxygen are being kept active. Further, the pandemic hasn’t halted, and even after thorough vaccination drives, France and other European countries are needing oxygen therapy.

      The growing geriatric population supplemented by chronic illnesses would aid the market in long run.

      The global population is growing older, with each passing day. Further, the growth is unprecedented and is actively overcoming the younger lot of the population. As per OECD statistics, the fertility rates are now standing at 2.1, below which the world population would start to deplete. Moreover, life expectancy in the low-middle income countries has increased by 6 years within the last two decades, while it has increased by 4 years in upper- and middle-income countries. With growing age, medical complications such as cancer-diabetes-or high blood pressure can lead to catastrophic effects, which would need medical/hospital intervention-thereby needing oxygen therapy in most cases. Lastly, medical oxygen and other gases demand is now being fueled up, and policies are in place to substantially meet the demand-supply gap.

      Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=15642

      Medical Gas Market Challenges

      The safety regulations and high-hazardous risks along with high-set up and maintenance costs are the key market hinderer.

      Medical gasses are strictly regulated, as the humans would be using it during the time of medical need-which foresees it to be checked thoroughly. For example, within the UK, medical gasses are classified as medicines and thereby should be controlled and managed by a qualified healthcare professional. For manufacturing and distribution, cum sales-related activities-one needs to obtain a Manufacturer’s Authorization issued by the MHRA for the manufacture of medical gases. Any organization that wishes to supply and/or distribute medical gases must have a Wholesale Dealer’s Authorization issued by the MHRA. The organization is required to comply with the basic principles and practices of Good Distribution Practice (GDP). Owing to such challenges, the overall market growth is hampered.

      Medical Gas Industry Outlook

      Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Medical Gas Market. Medical Gas top 10 companies include:

      Air Liquide,

      Praxair,

      Atlas Copco,

      The Linde Group,

      Airgas, Inc.,

      Messer Group GmbH,

      Sol-Spa,

      GCE Holding AB,

      Air Products and Chemicals,

      Medical Gas Solutions Ltd

      Recent Developments

      In August 2021, Zimbabwe’s new ASU plant would support medical oxygen demand. The selected refinery is Feruka Oil Refinery, which has now been reaped to contain the glowing high demand for medical oxygen. The plant was launched (23rd August 2021) by President Emmerson Mnangagwa, will be able to produce 20 tonnes of gaseous oxygen, 16.5 tonnes of liquid oxygen, and 2.5 tonnes of nitrogen per day.

      In April 2021, the Indian Institute of Technology, Bombay college came up with a creative technique for converting the nitrogen plant to oxygen generators, by performing simple fine-tuning. The oxygen generated by this plant at the IIT-B lab was tested and found to be 93-96% pure and at 3.5 atmospheric pressure. Nitrogen plants work on pressure swing adsorption (PSA) technology, where air from the atmosphere is sucked in, filtered of impurities, and nitrogen is extracted.

      In April 2021, UPL has agreed to convert 4 nitrogen plants into oxygen production. The plants are situated in Gujarat and would be responsible to produce oxygen for four hospitals in Gujarat and Madhya Pradesh. These plants will then be skid-mounted and delivered directly to the hospital sites. This will help cater to 200-250 beds at each of these hospitals, including ICU patients. The decision was taken to meet the nationwide (India) shortage caused by the surge in Covid-19 cases, the company said in a statement.

      Key Takeaways

      Geographically, North America’s medical gas market held a dominant market share in the year 2021. It is owing to the robust demand being observed in the region owing to the tremendous demand catered via the surge of COVID-19. The predominant hospitalizations needed medical oxygen, thereby fulfilling the region’s space. However, Asia-Pacific is expected to offer lucrative growth opportunities to the marketers in the projected period of 2022-2027 owing to the growing older population and the associated need for medical gases.

      The rising incidences of chronic diseases supplemented by the senior population have been the key driver for the Medical Gas Market. However, the high stratification of medical gases and regulatory stringency impedes the overall market growth.

      A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Medical Gas Market Report.

      Relevant Titles

      A. Oxygen Concentrators Market
      https://www.industryarc.com/Report/16189/oxygen-concentrator-market.html

      B. Oxygenator Market
      https://www.industryarc.com/Research/Oxygenator-Market-Research-501882

      For more Lifesciences and Healthcare Market reports, please click here

      About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



      Source link

      Previous Post

      Healthcare Clinical Analytics Market is reaching US$ 28,000 Mn with CAGR of 14% during 2022-2025

      Next Post

      A healthcare revolution lurks in the metaverse

      Related Posts

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين
      Press Releases

      A handful of walnuts a day may enhance cognitive development in adolescents

      May 23, 2023
      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين
      Press Releases

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      May 23, 2023
      Press Releases

      Pharmaceutical Manufacturing Equipment Market Set to Reach $19.7 Billion by 2028: Growth Projections and Industry Analysis

      May 22, 2023
      Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation
      Press Releases

      Tunnel Field Effect Transistor Market to Hit USD 2.3 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

      May 22, 2023
      Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029
      Press Releases

      Prosthetics Market to grow at a CAGR of 4.5 percent to reach USD 2.5 Bn by 2029

      May 22, 2023
      Controlled Release Fertilizers Granules Market to reach USD 976.84 Mn by 2029, emerging at a CAGR of 8.2 percent for (2022-2029)
      Press Releases

      Controlled Release Fertilizers Granules Market to reach USD 976.84 Mn by 2029, emerging at a CAGR of 8.2 percent for (2022-2029)

      May 22, 2023

      Discussion about this post

      LATEST NEWS

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      A handful of walnuts a day may enhance cognitive development in adolescents

      May 23, 2023
      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

      May 23, 2023

      Gem trader HB Antwerp eyes African diamonds after Botswana pact … – London South East

      May 22, 2023

      Police senior command students in Botswana for external study tour – Taarifa News

      May 22, 2023

      About

      The East Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Southern African countries.

      We provide press release distribution to media outlets in Africa including Botswana, Eswatini, Lesotho, Namibia and South Africa. Submit a press release or contact us today.

      Categories

      ETHIOPIA

      KENYA

      RWANDA

      UGANDA

      MORE COUNTRIES

      AFRICA

      PRESS RELEASES

      Recent Post

      Recent Posts
      • A handful of walnuts a day may enhance cognitive development in adolescents
      • إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين
      • Gem trader HB Antwerp eyes African diamonds after Botswana pact … – London South East

      Subscribe to Our Newsletter

        Share Us

        Share on facebook
        Share on twitter
        Share on linkedin
        Share on pinterest

        Contact Us

        • +1 832 716 2363
        • +12816454086
        • Email: Email Us
        • Skype: groupwebmedia
        The East Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC
        No Result
        View All Result
        • Ethiopia
        • Kenya
        • Rwanda
        • Uganda
        • MORE COUNTRIES
          • Burundi
          • Comoros
          • Djibouti
          • Eritrea
          • Ethiopia
          • Kenya
          • Madagascar
          • Malawi
          • Mauritius
          • Mozambique
          • Rwanda
          • Seychelles
          • Somalia
          • South Sudan
          • Tanzania
          • Uganda
          • Zambia
          • Zimbabwe
        • AFRICA
        • Press releases

        Share on facebook
        Share on twitter
        Share on linkedin
        Share on pinterest
        © 2023 The-East-Africana