Acumen Research and Consulting estimates that global Medical Gas Equipment market is expected to reach the market value of around US$ 24 Bn by 2027 and is anticipated to grow at a CAGR of around 6.5% in terms of revenue during the forecast period 2020 – 2027.
Gas form an essential component in the healthcare sector. Oxygen, nitrogen, carbon dioxide, and others are of the main chemicals used in the medical industry. All these gases are useful and crucial to the medical treatment in their own way. Over the last couple of years the worldwide demand for medical gas equipment is rising and is projected to achieve improved opportunities for the future.
The report provides analysis of global Medical Gas Equipment market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
The medical gas and equipment market has a strong growth opportunity owing to the rising count of geriatric populations and advances in the pharmaceutical sector. The pure gas is essential to the patient's recovery and the possibility of contamination by medical gases is also present. This is why it is important to make the medical gases according to different requirements. Crucial factors driving the global demand for medical gas equipment are the rising prevalence of chronic respiratory diseases, the advent of industry-oriented legislation (such as the FDA health and innovation Act) and expanded work in the area of biotechnology. In turn, emerging countries will increasingly push the medical gas and equipment industry by the implementation of policy policies to boost emergency treatment access. The shutdown of the Federal Helium Reserve is a big factor restricting demand expansion. The Federal Helium Reserve will be shut down, and money turned over to the private sector, because of the Helium Privatization Act In America
In terms of revenue share, North America led the global demand in medical gas devices in 2019. The size, amount of minimally invasive surgical services and application in the US are advanced healthcare systems. The Health and Development Act for Food and Drug Administration includes a variety of reasons that contribute to its major importance. In 2019, Europe was the second largest medical gas equipment field in producing revenues. Many considerations in the sustainability of global growth are expected with the presence of organizations such as the European Industrial Gas Association and the Medical Gas Association together with specialized healthcare services in industrialized western European countries. Moreover, the lucrative development prospects are projected to support the European Medical Gas industry with potential growth opportunities in developing Eastern European economies, such as Russia and Poland. In comparison, the Asia Pacific market in medical gasses is projected to rise at the fastest possible CAGR during the forecasted period due to the rapid growth of healthcare services and patient awareness and health care expenditure rates in India and China's developing markets.
The market research study on “Medical Gas Equipment Market (Medical Gas Equipment Market By Type: Cylinders, Manifolds, Outlets, Alarm Systems, Hose Assemblies and Valves, Regulators, Flowmeters, Vacuum Systems, Medical Air Compressors, Masks; Medical Gas Equipment Market By Application: Clinics, Ambulatory Surgical Centers, Hospitals, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Medical Gas Equipment market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Medical Gas Equipment market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Medical Gas Equipment market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Medical Gas Equipment market is segmented as below:
Medical Gas Equipment Market By Type
Hose Assemblies and Valves
Medical Air Compressors
Medical Gas Equipment Market By Application
Ambulatory Surgical Centers
Medical Gas Equipment Market By Geography
Middle East & Africa
Key Players and Market Situation
Participants include major global players such Amico Corporation, Linde Group, Atlas Copco, Praxair Inc., GCE Holding, SOL SpA, SCI Analytical, Messer Group, Rotarex S.A., Others.
The shutdown of the Federal Helium Reserve is a big factor restricting demand expansion.
The medical gas equipment market value is anticipated to be worth around US$ 24 Bn in 2027.
The medical gas equipment market is anticipated to grow around 6.5% CAGR amid the forecast period 2020-2027.
The key players operating in medical gas equipment market such as Amico Corporation, Linde Group, Atlas Copco, Praxair Inc., GCE Holding, SOL SpA, SCI Analytical, Messer Group, Rotarex S.A., Others.
The report provides insights on global medical gas equipment market segment by type, application, and major geographic regions.
The medical gas equipment market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Types of the medical gas equipment such as Cylinders, Manifolds, Outlets, Alarm Systems, Hose Assemblies and Valves, Regulators, Flowmeters, Vacuum Systems, Medical Air Compressors, and Masks.