Medical Gases Equipment Market Expects POCD To Register High Growth Due To Rising Respiratory Ailments
Increasing demand for medical equipment is the major key growth factor of the Medical & Pharmaceutical Gases & Equipment Market. Increasing incidences of chronic respiratory diseases, better implementation of friendly regulations like FDA safety and Innovation ACT and rising developments in R & D field of biotechnology. Shortage of helium, due to the shutdown of the Federal Helium Reserve, is the major restraint factor. Rising government initiatives to increase the availability of medical devices in emergency care in most of the regions, expected to drive high growth for the medical gases and equipment market during the forecast period. Asia-Pacific is leading the Medical & Pharmaceutical Gases & Equipment Market, due to increase in emergency medical conditions especially in major economies like India and China. Also, this region is projected to have the highest growth till the end of the forecast period. North America is leading with the next position by the advancements taken in medical technology, followed by Europe.
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