Medical & Pharmaceutical Gases and Equipment Market to Grow at a CAGR of 6.4% During 2020-2025 Increasing Health Concern Among People and a Better Healthcare Structure Is a Major Factor Propelling Its Market Growth
BriefingWire.com, 3/12/2021 - Medical & Pharmaceutical Gases and Equipment Market size is estimated to be $15.2 billion in 2019, growing at a CAGR of 6.4% during the forecast period 2020-2025. Pharmaceutical and Medical Gases are fluids manufactured specially for the medical, pharmaceutical manufacturing and biotechnology industries. They are frequently used to synthesize, sterilize or insulate process or products which contribute to human health. Moreover, medical gases are manufactured, packaged and intended for administration to a patient in anesthesia, therapy or diagnosis. The gases include oxygen, helium, carbon dioxide, nitrous oxide, medical air and nitrogen which are usually given to the pre operated, intra operated and post opera