The Covid-19 pandemic has only underlined the increasing importance of medical gas production around the world. Even before the recent global emergency, the market for medical gases was showing a steady compound annual growth rate (CAGR) between 7-9%.
This growth is driven by rising pollution, a rapidly growing elderly population, the high prevalence of respiratory and chronic diseases, and an increasing demand for home healthcare and point-of-care products. The fastest growth rate continues to be seen in Asia, particularly in the most populous nations such as China and India, whilst the largest overall market continues to be in the US.
Such rapid, continuous growth poses significant challenges for the global medical gas market – not only is it essential that production increases to keep pace, but high levels of quality and purity must be maintained. Fortunately, modern gas analysis techniques provide key support for medical gas producers and suppliers in delivering products that meet stringent medical regulations.
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