Rising Hospitalization Rates Pushing Up Demand for Medical Gases and Equipment

With the rapid growth of the geriatric population in several countries, home healthcare solutions and equipment have become incredibly necessary in the recent times. An integral component of primary healthcare services, home healthcare solutions provide older patients personalized and a better quality of patient care in their homes, reduce the time duration of hospitalization, and provide continuous monitoring and more efficient medical treatment. Moreover, these services eliminate the requirement for traveling to the healthcare facilities for appointments.

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The growing popularity of these services is pushing up the demand for medical gases and equipment across the world. Furthermore, the rapid advancements in remote healthcare and medical assistance, pharmacology, and home automation are fueling the development of respiratory assistance solutions, external insulin pump systems, infusion systems, and other advanced technologies that play a major role in the home treatment of various chronic diseases. These technologies further boost the sales of medical gases and equipment all over the world.

Apart from the aforementioned factors, the rising incidence of lifestyle associated and chronic diseases and the ballooning hospitalization rates throughout the world are also propelling the demand for medical gases and devices. This is because these systems allow healthcare practitioners to provide safer and better patient care. The medical gas system assembles oxygen, carbon dioxide, nitrous oxide, medical air, and supply piped nitrogen and enables the healthcare workers to provide the required gases to the patients.

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These systems are used in various facilities in hospitals such as operating rooms, patient rooms, and recovery rooms. The growing usage of these systems is driving the progress of the global medical gases and equipment market. Moreover, the market is predicted to register huge expansion in the coming years. Between the medical gases and the medical gas systems, the demand for the medical gas systems was found to be higher in the years gone by.

This category is also expected to exhibit rapid advancement in the market in the upcoming years. Globally, the medical gases and equipment market is currently registering huge growth in Europe, as per the observations of P&S Intelligence, a market research company based in India. The progress of the market in the region is being caused by the rising incidence of lifestyle associated and chronic diseases, the growing requirement for home healthcare, and the surging incidence of respiratory diseases.

Thus, it can be concluded from the above paragraphs that the global demand for medical gases and equipment will surge in the future years, primarily because of the rising incidence of chronic diseases and the soaring requirement for home healthcare services, on account of the increasing geriatric population around the world.

This study covers

• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings

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