The study methodologies used to examine Medical Gas Equipment Market for the forecast period, 2020 - 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.
New York, NY -- (SBWIRE) -- 01/20/2021 -- Extensively used for several medical purposes, medical gases are crucial to biotechnology research and drug processing. Such specialized gases can be a single gas or a mixture of distinct gases. Various common gases used as medical gas include ammonia, oxygen, nitrogen, nitrous oxide, hydrogen, and CO2. These medical gases are basically the life-supporting element, saving or maintaining patients' lives. The global market of medical gas equipment is presumed to touch worth USD 8.65 Billion by 2027 from an estimated value of USD 4.88 Billion in the year 2019, rising by registering a 7.4% CAGR during the forecast timeframe.
Some of the prominent players involved in Medical gas equipment market are Air Liquide, Allied Healthcare Products Inc., Amico Corp., BeaconMedæs, Gentec Corp., Linde Gas, Matheson Tri-Gas Inc., Ohio Medical, Powerex and Praxair Inc.
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Market Drivers
As a supply system, medical equipment is widely used by several end-users for providing, distributing, and creating these specialized gases in the system of piping. Increasing prevalence of different chronic diseases worldwide, rising geriatric population, growing demand for healthcare at home, and existence of government initiatives like industry-friendly safety are the crucial factors propelling growth of the industry. Geriatric population is susceptible to develop several chronic diseases including cancer, diabetes, cardiovascular & respiratory diseases, and asthma. Additionally, increasing incidences of road accidents lead to the elevated demand for medical gases like oxygen in several life care settings. All such factors are further fueling market's growth.
For this report, Reports and Data have segmented the medical gas equipment market based on the product, end-use, and region:
Product (Revenue, USD Million; 2016–2026)
Air Compressors
Masks
Vacuum Systems
Manifolds
Outlets
Valves and Hose Assemblies
Alarm Systems
Cylinders
Flowmeters
Regulators
End-Use (Revenue, USD Million; 2016–2026)
Clinics
Hospitals
Research Institutions
Home Healthcare
Pharmaceutical Industry
Biotechnology Industry
Regional Outlook
In terms of region, North America has been leading the market with occupying 32.8% of share and is predicted to retain its superiority over the projection period. High frequency of different invasive procedures, and existence of sophisticated infrastructure in healthcare are responsible for maintain this region's dominance. Other regions in the market include Middle East & Africa, Latin America, Asia Pacific, and Europe.
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Table Of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Growing demand for home healthcare
3.2. Technological advances and growing demand for medical air
3.3. Growing geriatric population
3.4. Worldwide cases of pulmonary diseases
Chapter 4. Medical gas equipment Market Segmentation & Impact Analysis
4.1. Medical gas equipment Segmentation Analysis
4.2. Medical gas equipment Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Medical gas equipment Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. High prevalence of respiratory diseases across the world
4.4.1.2. Launch of medical gas equipments
4.4.2. Market restraint analysis
4.4.2.1. Lack of awareness
4.4.2.2. Availability of generics
4.5. Key opportunities prioritized
4.6. Medical gas equipment Pricing Analysis
4.7. Industry analysis - Porter's
4.8. Medical gas equipment PESTEL Analysis
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