Growing Incidences of Respiratory Diseases and Surgeries Performed to Drive India's Medical Gases Market at 15% CAGR During 2014-19, Says TechSci Research - 21 News Now, More Local News for Youngstown, Ohio -

Growing Incidences of Respiratory Diseases and Surgeries Performed to Drive India's Medical Gases Market at 15% CAGR During 2014-19, Says TechSci Research

  • More NewsMore>>

  • Agents raid suspected meth lab in North Jackson

    Agents raid suspected meth lab in North Jackson

    Friday, April 25 2014 1:51 AM EDT2014-04-25 05:51:10 GMT
    Authorities have been keeping an eye on a mobile home in Jackson Township ever since neighbors beganreportingsuspicious activity.OnThursday, agents from the Ohio Bureauof Criminal Investigationconverged on the residence inside Shepards Mobile Home park on Mahoning Avenue.Specialists dressed in protective gear were called in to safely remove toxicchemicals that authorities say can be used to make methamphetamine.Authoritiesarrested48-year-old Warren Seitz, who lives in the mobile home with his...More >>
    Authorities have been keeping an eye on a mobile home in Jackson Township ever since neighbors beganreportingsuspicious activity.OnThursday, agents from the Ohio Bureauof Criminal Investigationconverged on the residence inside Shepards Mobile Home park on Mahoning Avenue.Specialists dressed in protective gear were called in to safely remove toxicchemicals that authorities say can be used to make methamphetamine.Authoritiesarrested48-year-old Warren Seitz, who lives in the mobile home with his...More >>
  • Howland house fire claims second life

    Howland house fire claims second life

    Thursday, April 24 2014 10:42 PM EDT2014-04-25 02:42:25 GMT
    Authorities say the second victim of a Howland Township house fire has died.The Summit County Medical Examiner tells 21 News that 52-year-old Richard Noble died at the burn unit of Akron Children's Hospital just before 4:00 a.m. Thursday.Noble's mother, 80-year-old Naomi Smith died on Wednesday after fire broke out in the duplex they shared on Pegotty Drive.Investigators are still trying to determine the cause of the deaths, but authorities believe both likely succumbed to smoke inhalation.Th...More >>
    Authorities say the second victim of a Howland Township house fire has died.The Summit County Medical Examiner tells 21 News that 52-year-old Richard Noble died at the burn unit of Akron Children's Hospital just before 4:00 a.m. Thursday.Noble's mother, 80-year-old Naomi Smith died on Wednesday after fire broke out in the duplex they shared on Pegotty Drive.Investigators are still trying to determine the cause of the deaths, but authorities believe both likely succumbed to smoke inhalation.Th...More >>
  • Updated

    Ohio Bureau of Criminal Investigation to head hostage probe at Trumbull jail

    Ohio Bureau of Criminal Investigation to head hostage probe at Trumbull jail

    Thursday, April 24 2014 10:40 PM EDT2014-04-25 02:40:12 GMT
    WARREN, Ohio – The “pod” inside the Trumbull County jail where three inmates held a guard hostage sits untouched since the five hour ordeal ended on Wednesday. More >>
    WARREN, Ohio – The “pod” inside the Trumbull County jail where three inmates held a guard hostage sits untouched since the five hour ordeal ended on Wednesday. More >>

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Techsci Research

BURNABY, British Columbia, February 7, 2014 /PRNewswire/ --

Rising Medical Tourism and Government Initiatives for Improving Healthcare Infrastructure are Boosting Demand for Medical Gases in India  

The medical gases market is directly linked to growth in healthcare industry and infrastructure. Though India's healthcare industry has witnessed a significant growth over the past decade, the industry is far from reaching its full potential. The key reason can be attributed to inappropriate allocation of funds towards healthcare sector by government of India. This can be witnessed from the fact that in 2011, total healthcare expenditure amounted to merely 1.04% of the country's GDP. However, the Indian government is taking various initiatives to improve the healthcare services & infrastructure in the country, and has planned to increase the allocation of funds to 2.5% of GDP during 12th five year plan (2012-17). The initiative is expected to increase the bed to population ratio in the country, adhering to the standards set by World Health Organization. This, in turn, is expected to increase the number of people treated in the coming years, consequently, increasing the demand for medical gases in India.

     (Logo: http://photos.prnewswire.com/prnh/20140117/663730 )

Further, a huge share of India's population is affected by various non-communicable diseases, such as cardiovascular and respiratory diseases. The growing incidence of these diseases is increasing the demand for medical gases, which act as mandatory medical aid for patients with respiratory diseases. Apart from this, increase in cardiovascular patients is also driving the demand for oxygen ventilators as well as surgeries requiring medical oxygen and nitrous oxide. As a result, increasing disease burden is one of the driving factors that is boosting the medical gases market in the country.

According to recently published report by TechSci Research "India Medical Gases Market Forecast & Opportunities, 2019", the medical gases market in India is projected to grow at a CAGR of about 15% during 2014-19. The medical gases market is primarily dominated by INOX Air Products and Linde India, with considerable presence of regional players in medical oxygen market.

The report reveals that India's medical gases industry is majorly dominated by medical oxygen and nitrous oxide. This is due to continuous use of medical oxygen in healthcare service delivery and essential usage of nitrous oxide during surgeries.

"Medical gases are very essential for medical establishments, and as a result, rise in the medical gases market is directly linked to growth in the healthcare sector. The Indian market is witnessing increasing competition due to presence of domestic players coupled with innovative services delivery mechanisms of multinational players. All these factors along with anticipated merger & acquisition activities are expected to drive India's medical gases market over the next five years," said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"India Medical Gases Market Forecast & Opportunities, 2019" has evaluated the future growth potential of India's medical gases market and provides statistics and information on market structure and industry behaviour trends. The report includes medical gases market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in medical gases market in India.

Contact: Ken Mathews - ken.mathews@techsciresearch.com - +1-646-360-1656

©2012 PR Newswire. All Rights Reserved.

  • SpotlightSpotlightMore>>

  • Updated

    The Scrappers host “POPS at the Ballpark” featuring the Youngstown Symphony Orchestra

    The Scrappers host “POPS at the Ballpark” featuring the Youngstown Symphony Orchestra

    Tuesday, April 15 2014 2:04 PM EDT2014-04-15 18:04:57 GMT
    NILES, Ohio – The Mahoning Valley Scrappers and the Youngstown Symphony Orchestra are excited to host one of the Valley's premiere summer events, POPS at the Ballpark,More >>
    NILES, Ohio – The Mahoning Valley Scrappers and the Youngstown Symphony Orchestra are excited to host one of the Valley's premiere summer events, POPS at the Ballpark, presented by Stanley E. Shearer with Northwestern Mutual and 21 WFMJ on Saturday, August 23, 2014 at Eastwood Field.More >>
  • More From wfmj.comMore>>

  • Restaurant plans new statue of Joe Paterno

    Restaurant plans new statue of Joe Paterno

    Wednesday, April 23 2014 12:57 PM EDT2014-04-23 16:57:56 GMT
     (AP) - Fans of the late Penn State University football coach Joe Paterno are planning to commission a new bronze statue of him, and place it across from the school. Organizers say the statue will feature Paterno sitting on a bench reading. It's expected to cost about $300,000 and would hopefully be done in 2015 by Philadelphia sculptor Zenos Frudakis. Penn State spokeswoman Lisa Powers says the school isn't involved in the plan. But a restaurant owner in downtown State Col...More >>
     (AP) - Fans of the late Penn State University football coach Joe Paterno are planning to commission a new bronze statue of him, and place it across from the school. Organizers say the statue will feature Paterno sitting on a bench reading. It's expected to cost about $300,000 and would hopefully be done in 2015 by Philadelphia sculptor Zenos Frudakis. Penn State spokeswoman Lisa Powers says the school isn't involved in the plan. But a restaurant owner in downtown State Col...More >>
  • Woman allegedly sold heroin from hospital bed

    Woman allegedly sold heroin from hospital bed

    Wednesday, April 23 2014 11:01 AM EDT2014-04-23 15:01:45 GMT
    A woman in western Pennsylvania is accused of selling heroin from a hospital intensive care unit and a hospital room.More >>
    A woman in western Pennsylvania is accused of selling heroin from a hospital intensive care unit and a hospital room.More >>
  • Jet stowaway undetected for hours before departure

    Jet stowaway undetected for hours before departure

    Tuesday, April 22 2014 11:44 PM EDT2014-04-23 03:44:25 GMT
    Surveillance cameras at San Jose International Airport successfully captured the teenager on the tarmac, climbing up the landing gear of a jet. But in the end, the cameras failed because no one noticed the security...More >>
    A 15-year-old stowaway who survived a flight over the Pacific in a jet's wheel well spent seven hours undetected in what is supposed to be a highly secure area of San Jose International Airport before the flight...More >>
  • Hot ClicksHot ClicksMore>>

  • Can an app save the planet?

    Can an app save the planet?

    This startup's Earth Day launch has a massive goal: Cut carbon emissions globally. It has its work cut out for it.
    More >>
    This startup's Earth Day launch has a massive goal: Cut carbon emissions globally. It has its work cut out for it.
    More >>
  • 'Captain America' holds onto top box office spot

    'Captain America' holds onto top box office spot

    Monday, April 21 2014 10:47 PM EDT2014-04-22 02:47:39 GMT
    LOS ANGELES (AP) - Captain America really is unbeatable - at least at the box office"Captain America: The Winter Soldier" has been the top draw at theaters for three consecutive weeks, vanquishing would-be foes including the new thriller starring Johnny Depp.According to Monday's final box office figures, the Marvel sequel added $25.6 million in ticket sales over the weekend. "The Winter Soldier" has made more than $200 million domestically since logging the best April opening in history."Hea...More >>
    LOS ANGELES (AP) - Captain America really is unbeatable - at least at the box office"Captain America: The Winter Soldier" has been the top draw at theaters for three consecutive weeks, vanquishing would-be foes including the new thriller starring Johnny Depp.According to Monday's final box office figures, the Marvel sequel added $25.6 million in ticket sales over the weekend. "The Winter Soldier" has made more than $200 million domestically since logging the best April opening in history."Hea...More >>
  • Netflix poised to raise prices after strong 1Q

    Netflix poised to raise prices after strong 1Q

    Monday, April 21 2014 10:37 PM EDT2014-04-22 02:37:26 GMT
    SAN FRANCISCO (AP) - Netflix is preparing a sequel unlikely to be a hit with its subscribers. The Internet video service is about to raise its prices for the first time in three years to help pay for more Internet video programming such as its popular political drama "House of Cards."The increase, to take place sometime before July, will hike prices by $1 or $2 per month for new customers. The company's nearly 36 million current subscribers will continue to pay $8 per month for at least the n...More >>
    SAN FRANCISCO (AP) - Netflix is preparing a sequel unlikely to be a hit with its subscribers. The Internet video service is about to raise its prices for the first time in three years to help pay for more Internet video programming such as its popular political drama "House of Cards."The increase, to take place sometime before July, will hike prices by $1 or $2 per month for new customers. The company's nearly 36 million current subscribers will continue to pay $8 per month for at least the n...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms