Question 1

What makes North America a strong avenue for medical gases market?

Accepted Answer

Owing to state-of-the-art healthcare facilities in the U.S and Canada, North America medical gases market revenue was recorded at USD 4.9 billion in 2020.

Question 2

Why will pure medical gases industry record appreciable gains?

Accepted Answer

Pure gases will register a share of more than 56.4% in 2020 and will depict lucrative growth owing to the surging demand for oxygen.

Question 3

What drivers will escalate the share of hospitals to the overall medical gases market size?

Accepted Answer

The use of medical gases in hospitals recorded a valuation of USD 8.5 billion in 2020 and will grow as hospitals have been the primary source of treatment at the global level.

Question 4

What is medical gas used for in hospitals?

Accepted Answer

Medical gases are used for anesthesia, therapeutic, and diagnostic purposes in hospitals and healthcare facilities.

Question 5

How much is the medical gases market worth?

Accepted Answer

Medical gases industry size was valued at more than USD 14.1 billion in 2020 and will expand at a CAGR of 6.5% from 2021 to 2027.

Medical Gases Market - By Gas Type (Pure Gases {Oxygen, Carbon Dioxide, Helium}, Gas Mixtures {Medical Air, Nitrous Oxide}), By End-use (Hospitals, Ambulatory Surgical Units, Specialized Clinics) & Forecast, 2021-2027

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