Press release
Medical Gas EquipmentMarket Rewriting Long Term Growth Story- Atlas Copco, Precision, Medicop
Medical Gas Equipment Market
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According to HTF Market Intelligence, the Global Medical Gas Equipment market to witness a CAGR of 5.2% during forecast period of 2024-2030. The market is segmented by Application (Therapeutic Applications, Pharmaceutical Manufacturing & Research, Diagnostic Applications) by Type (Vacuum System, Manifolds, Regulators, Flowmeters, Suction Regulators, Valves, Outlets, Monitoring System, Cylinders) and by Geography (North America, South America, Europe, Asia Pacific, MEA).The Medical Gas Equipment market size is estimated to increase by USD 2049.8000000000002Million at a CAGR of 5.2% from 2024 to 2030. The report includes historic market data from 2021 to 2024E. Currently, market value is pegged at USD 5740.5Million
Definition:
Medical gas equipment is the equipment used to store and delivers medical gases. There are numerous gases used in medical facilities such as oxygen, nitrous oxide, nitrogen, carbon dioxide, medical air, and others. The companies are providing a complete range of medical gas solutions and services. The global medical gas equipment market is expected to witness high demand in the forecasted year due to the ongoing COVID 19 pandemic coupled with increasing demand for oxygen cylinders. The application of Medical Gas Equipment is countless and in recent years, the demand has increased substantially. Growing prevalence of chronic diseases, an increasing number of industry-friendly safety initiatives undertaken by the government, implementation of the U.S. FDA safety and innovation act, increasing base of geriatric population, and growing demand for home healthcare and point of care products are some of the major factors boosting the growth of the medical gases equipment market. A major factor restraining the market growth is the dearth of proper reimbursement policy as well as a global shortage of helium due to the shutdown of the Federal Helium Reserve. Furthermore, market expansion in emerging countries across APAC will create lucrative the opportunity in the forecasted period. The global medical gas equipment market was estimated to be around USD 4,968.6 million in 2019.
Market Trends:
•Increase in Adoption from Home Healthcare Segment
Market Drivers:
•Rising Occurrence of Chronic Diseases Across the Globe
•Favorable Initiatives Undertaken by Government Organizations
Market Opportunities:
•Technological Advancement Associated with Gas Equipment
•High Demand for The Pure Medical Gases
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Medical Gas Equipment market segments by Types: Vacuum System, Manifolds, Regulators, Flowmeters, Suction Regulators, Valves, Outlets, Monitoring System, Cylinders
Detailed analysis of Medical Gas Equipment market segments by Applications: Therapeutic Applications, Pharmaceutical Manufacturing & Research, Diagnostic Applications
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
•The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
•North America (United States, Mexico & Canada)
•South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
•Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
•Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Medical Gas Equipment Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Medical Gas Equipment Market:
Chapter 01 - Medical Gas Equipment Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Medical Gas Equipment Market - Pricing Analysis
Chapter 05 - Global Medical Gas Equipment Market Background
Chapter 06 - Global Medical Gas Equipment Market Segmentation
Chapter 07 - Key and Emerging Countries Analysis in Global Medical Gas Equipment Market
Chapter 08 - Global Medical Gas Equipment Market Structure Analysis
Chapter 09 - Global Medical Gas Equipment Market Competitive Analysis
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Medical Gas Equipment Market Research Methodology
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About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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