DUBLIN, Dec. 1, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/w4qkgx/latin_america) has announced the addition of the "Latin America Medical Gases & Equipment Market by Product & End User - Forecast to 2020" report to their offering.
The Latin America medical gases and equipment market is estimated to reach around USD 1.8 Billion by 2020 at a CAGR of 10.2% during the forecast period of 2015 to 2020.
Demographic changes such as rising geriatric population, changing lifestyles, rising prevalence of non-communicable diseases, rapid urbanization, high prevalence of tobacco smoking, and changing eating habits are the major factors driving the growth of the medical gases and equipment market in Latin America.
The emergence of home healthcare has opened new avenues for the medical gases and equipment market in this region. However, there are certain challenges and restrains for the growth of this market, such as the recent economic slowdown in the Latin America region, global shortage of helium, and low efficiency of healthcare systems in many Latin America countries.
In 2014, the medical gas equipment segment accounted for the largest share of around 60% to 65% of the Latin America medical gases and equipment market, primarily owing to rising awareness about effective medical gas handling and technological advancements in equipment. The rising demand from home healthcare patients and hospitals has also shaped the market dynamics.
On the basis of geography, this market is divided into Brazil, Mexico, Argentina, Colombia, Chile, Venezuela, Peru, Ecuador, Uruguay, and the Rest of Latin America. The research report discusses key market drivers, restraints, challenges, and opportunities in the Latin America medical gases & equipment market.
Brazil accounted for the largest share in 2014, followed by Mexico, Argentina, and Colombia. Mexico represents the fastest-growing market for medical gases and equipment in Latin America, primarily due to the highly developed healthcare system in the country, rising obesity rate, changing lifestyle, and growing medical tourism.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Latin America Medical Gases & Equipment Market, By Product
7 Latin America Medical Gases and Equipment Market, By End User
8 Latin America Medical Gases and Equipment Market, By Country
9 Competitive Landscape
10 Company Profiles
- Air Liquide
- Air Products and Chemicals, Inc.
- Airgas, Inc.
- Atlas Copco AB
- Gce Group
- Industria Brasileira De Gases Ltda.
- Messer Group GmbH
- Praxair, Inc.
- Taiyo Nippon Sanso Corporation (Matheson Tri-Gas, Inc.)
- The Linde Group
For more information visit http://www.researchandmarkets.com/research/w4qkgx/latin_america
Laura Wood, +353-1-481-1716, email@example.com
SOURCE Research and Markets