With the global medical gases and equipment market estimated to be expanding at a CAGR (compound annual growth rate) of 8% from 2012 to 2018, gas suppliers can enjoy a promising outlook for continued growth.
A recent report published by Transparency Market Research (TMR) suggests that the market’s expected value will rise to $9bn in 2018, an increase of over 40% from $5.3bn in 2011.
The Asian medical gases and equipment market in particular is attracting considerable attention, thanks to its projected growth rate, which is expected to top all other regions. “It is likely to register an exceptional growth at a CAGR of 9.2% from 2012 to 2018,” according to TMR.
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