The global medical gases and equipment market is estimated to reach USD 19.96 Billion by 2021, growing at a CAGR of 8.0% from 2016 to 2021. Factors such as implementation of the U.S. Food and Drug Administration (FDA) Safety and Innovation Act, growing home healthcare market, rising aging population, increasing prevalence of respiratory diseases, rapid urbanization, and high prevalence of tobacco smoking are driving the growth of this market.
