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medical-gases-market-poised-for-growth-says-report
medical-gases-market-poised-for-growth-says-report

Medical gases market poised for growth, says report

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The global medical gases and equipment market is poised to grow significantly through to 2021, driven by evolving regulation and various demographic factors, according to a report by Research and Markets.

The market is projected to reach $19.96bn by 2021, from $13.58bn in 2016, at a CAGR of 8% during the forecast period.

The market will primarily driven by the implementation of the US Food and Drug Administration (FDA) Safety and Innovation act, the increasing prevalence of respiratory diseases, a growing home healthcare market, and the rising ageing population.

Rapid urbanisation and the high prevalence of tobacco smoking will also play a part in such growth, says the report.

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