The Latin America medical gases & equipment market is estimated to reach around USD 1.8 Billion by 2020 at a CAGR of 10.2% during the forecast period of 2015 to 2020.

The Latin America medical gases & equipment market is witnessing considerable growth owing to the high prevalence of respiratory diseases, rising geriatric population, high prevalence of tobacco smoking, urbanization, growing levels of pollution, and changing lifestyles. The growing demand for home healthcare is expected to provide growth opportunities for players operating in the Latin America medical gases & equipment market in the coming years. However, the recent economic slowdown in Latin America and its subsequent effect on the healthcare sector is expected to hinder the growth of the Latin America medical gases & equipment market during the forecast period.

Brazil holds the largest share of the Latin America medical gases & equipment market, followed by Mexico. The large share of this region can be attributed to the well-developed healthcare system, presence of leading market players, and high healthcare expenditure. However, Mexico is poised to witness the highest growth rate during the forecast period. Growth in this market can be attributed to the increase in overweight and obese population, rising incidences of respiratory diseases, growing healthcare expenditure, and rapidly developing healthcare industry.

Most companies in the Latin America medical gases & equipment market aim to differentiate themselves in the market by expanding their product portfolios in accordance with industry trends and client needs. Market players are also focusing on increasing their market penetration in Latin America through the acquisition of local players and establishment of new manufacturing units.

Major players in the Latin America medical gases & equipment market include The Linde Group (Germany), Air Liquide (France), Air Products and Chemicals, Inc. (U.S.), Praxair, Inc. (U.S.), Atlas Copco AB (Sweden), and Taiyo Nippon Sanso Corporation (Matheson Tri-Gas, Inc.) (Japan).

Scope of the Report : Latin America Medical Gases & Equipment Market

Medical gases and equipment are significant elements in medical centers, life sciences, long-term care, and laboratories. The market includes medical pure gases, medical gas mixtures, and equipment used for the storage, transportation, and delivery of medical gases. The study covers the product, end-user, and country-level submarkets in the Latin America medical gases & equipment market.

Latin America Medical Gases & Equipment Market

This research report categorizes the market into the following segments:

Latin America Medical Gases & Equipment Market, by Product

Medical Gas Equipment Cylinders Vacuum Systems Manifolds Regulators Cryogenic Products Flowmeters Suction Regulators Monitoring Systems Hoses Outlets

Medical Gases Pure Medical Gases Oxygen Nitrous Oxide Medical Air Nitrogen Carbon Dioxide Helium Medical Gas Mixtures Blood-gas Mixtures Lung Diffusion Mixtures Nitrous Oxide-oxygen Mixtures Carbon Dioxide-oxygen Mixtures Laser-gas Mixtures Aerobic Gas Mixtures Anaerobic Gas Mixtures Ethylene Oxide Mixtures Helium-oxygen Mixtures



Latin America Medical Gases & Equipment Market, by End User

Hospitals

Home Healthcare

Pharmaceutical and Biotechnology Companies

Academic and Research Intuitions

Latin America Medical Gases & Equipment Market, by Region

Brazil

Mexico

Argentina

Colombia

Peru

Chile

Venezuela

Uruguay

Ecuador

Rest of Latin America

The Latin America medical gases and equipment market is estimated to reach around USD 1.8 Billion by 2020 at a CAGR of 10.2% during the forecast period of 2015 to 2020. Demographic changes such as rising geriatric population, changing lifestyles, rising prevalence of non-communicable diseases, rapid urbanization, high prevalence of tobacco smoking, and changing eating habits are the major factors driving the growth of the medical gases and equipment market in Latin America. The emergence of home healthcare has opened new avenues for the medical gases and equipment market in this region. However, there are certain challenges and restrains for the growth of this market, such as the recent economic slowdown in the Latin America region, global shortage of helium, and low efficiency of healthcare systems in many Latin America countries.

The Latin America medical gases and equipment market is segmented on the basis of products and end users. On the basis of products, the medical gases and equipment market is divided into medical gases and medical gas equipment. The medical gas equipment segment is further categorized into cylinders, vacuum systems, manifolds, regulators, cryogenic products, flowmeters, suction regulators, monitoring systems, hoses, and outlets. The medical gases segment is bifurcated into pure medical gases and medical gas mixtures. The pure medical gases segment is divided into oxygen, nitrous oxide, medical air, nitrogen, carbon dioxide, and helium; while, the medical gas mixtures segment is further divided into blood-gas mixtures, lung diffusion mixtures, nitrous oxide-oxygen mixtures, carbon dioxide-oxygen mixtures, laser-gas mixtures, aerobic gas mixtures, anaerobic gas mixtures, ethylene oxide mixtures, and helium-oxygen mixtures.

In 2014, the medical gas equipment segment accounted for the largest share of around 60% to 65% of the Latin America medical gases and equipment market, primarily owing to rising awareness about effective medical gas handling and technological advancements in equipment. The rising demand from home healthcare patients and hospitals has also shaped the market dynamics.

On the basis of end users, the market is categorized into hospitals, home healthcare, pharmaceutical & biotechnology companies, and academic & research institutions. The hospitals segment accounted for the largest share of the Latin America medical gases & equipment market in 2014. However, the home healthcare segment is expected to grow at the highest CAGR, primarily due to the increasing preference for home healthcare, especially due to the rising geriatric population, its cost-effectiveness as compared to hospital visits, and the rising incidences of a number of chronic diseases, such as sleep apnea syndrome, chronic obstructive pulmonary disease (COPD), and other chronic disorders.

On the basis of geography, this market is divided into Brazil, Mexico, Argentina, Colombia, Chile, Venezuela, Peru, Ecuador, Uruguay, and the Rest of Latin America. The research report discusses key market drivers, restraints, challenges, and opportunities in the Latin America medical gases & equipment market.

Brazil accounted for the largest share in 2014, followed by Mexico, Argentina, and Colombia. Mexico represents the fastest-growing market for medical gases and equipment in Latin America, primarily due to the highly developed healthcare system in the country, rising obesity rate, changing lifestyle, and growing medical tourism.