Welcome!

News Feed Item

Growing Incidences of Respiratory Diseases and Surgeries Performed to Drive India's Medical Gases Market at 15% CAGR During 2014-19, Says TechSci Research

BURNABY, British Columbia, February 7, 2014 /PRNewswire/ --

Rising Medical Tourism and Government Initiatives for Improving Healthcare Infrastructure are Boosting Demand for Medical Gases in India  

The medical gases market is directly linked to growth in healthcare industry and infrastructure. Though India's healthcare industry has witnessed a significant growth over the past decade, the industry is far from reaching its full potential. The key reason can be attributed to inappropriate allocation of funds towards healthcare sector by government of India. This can be witnessed from the fact that in 2011, total healthcare expenditure amounted to merely 1.04% of the country's GDP. However, the Indian government is taking various initiatives to improve the healthcare services & infrastructure in the country, and has planned to increase the allocation of funds to 2.5% of GDP during 12th five year plan (2012-17). The initiative is expected to increase the bed to population ratio in the country, adhering to the standards set by World Health Organization. This, in turn, is expected to increase the number of people treated in the coming years, consequently, increasing the demand for medical gases in India.

     (Logo: http://photos.prnewswire.com/prnh/20140117/663730 )

Further, a huge share of India's population is affected by various non-communicable diseases, such as cardiovascular and respiratory diseases. The growing incidence of these diseases is increasing the demand for medical gases, which act as mandatory medical aid for patients with respiratory diseases. Apart from this, increase in cardiovascular patients is also driving the demand for oxygen ventilators as well as surgeries requiring medical oxygen and nitrous oxide. As a result, increasing disease burden is one of the driving factors that is boosting the medical gases market in the country.

According to recently published report by TechSci Research "India Medical Gases Market Forecast & Opportunities, 2019", the medical gases market in India is projected to grow at a CAGR of about 15% during 2014-19. The medical gases market is primarily dominated by INOX Air Products and Linde India, with considerable presence of regional players in medical oxygen market.

The report reveals that India's medical gases industry is majorly dominated by medical oxygen and nitrous oxide. This is due to continuous use of medical oxygen in healthcare service delivery and essential usage of nitrous oxide during surgeries.

"Medical gases are very essential for medical establishments, and as a result, rise in the medical gases market is directly linked to growth in the healthcare sector. The Indian market is witnessing increasing competition due to presence of domestic players coupled with innovative services delivery mechanisms of multinational players. All these factors along with anticipated merger & acquisition activities are expected to drive India's medical gases market over the next five years," said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"India Medical Gases Market Forecast & Opportunities, 2019" has evaluated the future growth potential of India's medical gases market and provides statistics and information on market structure and industry behaviour trends. The report includes medical gases market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in medical gases market in India.

Contact: Ken Mathews - ken.mathews@techsciresearch.com - +1-646-360-1656

SOURCE Techsci Research

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often un...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.