According to the new market research report "Medical Gas Market by Type (Oxygen, Nitrous Oxide, Carbon Dioxide, Gas Mixture, Vacuum System, Manifold, VIPR, Hose) Application (Respiratory, Anesthesia, Medical Imaging, Cryosurgery) End User (Hospital, Home Healthcare) - Forecast to 2023", published by MarketsandMarkets™, is expected to reach USD 20.0 billion by 2023 from an estimated USD 14.0 billion in 2018, at a CAGR of 6.2%.
The growth of this market is mainly driven by rising ageing population and subsequent increase in chronic diseases like COPD and asthma, technological advancement, growing home healthcare market, and growing smoking prevalence.
