The global Medical Gas Equipment market is estimated to grow at 7.1% CAGR during the forecast period (2022-2027).
Medical Gas Equipment Market Overview
Increasing healthcare spending by private and governmental agencies, particularly in China and India, encourages global medical gas equipment manufacturers to extend their operations in the Asia Pacific area, augmenting market growth. Medical gas equipment is installed in healthcare facilities to ensure that various medical gases are supplied in a controlled and safe manner throughout the institution. Helium, carbon dioxide, oxygen, nitrous oxide, and nitrogen, among other medical gases, are used in diagnostic and therapeutic operations. The rate of expansion of the medical gases-equipment market will be influenced by rapid urbanization, changing lifestyles, and rising disposable incomes in developing and developed countries. The rising prevalence of respiratory disorders as a result of cigarette use and rising pollution levels would boost the market for medical gases and equipment.
The report aspects discussed the profile of the top manufacturers of the global Medical Gas Equipment market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Medical Gas Equipment Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Industry News and Updates:
July 8, 2019: Messer Showcases Nationwide Medical Gas Delivery Network and Design, Build, Provide Service--
Messer, a global leader in medical and industrial gases and technology, is highlighting its nationwide network of bulk medical gas supply and 24/7 emergency response at the ASHE Annual Conference and Technical Exhibition. Messer (booth #1927) is also showcasing its unique Design, Build, Provide service for hospital gas supply systems. ASHE 2019 takes place July 14-17 in Baltimore.
What are the major Applications, Types and Regions for Medical Gas Equipment Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Oxygen
- Helium
- Nitrous oxide
- Carbon dioxide
- Others
By Application, it is segmented into
- Hospital use
- Household
- Institutes
Medical Gas Equipment Market Regional Analysis
North America dominated the medical gases and equipment market, and this trend is likely to continue without notable deviations over the forecast period. The rising use of medical gases and equipment in the therapy of various respiratory disorders, such as COPD and asthma, is largely responsible for this consistent growth rate. During the forecast period, rising rates of COPD, asthma, and other medical problems such as cardiovascular and lifestyle-related diseases are likely to increase demand for medical gases and equipment in the US. The greatest share of the US market can be attributed to the presence of cutting-edge healthcare facilities, particularly critical care units, a well-established medical gas industry, a high prevalence of patients with respiratory problems, and a growing elderly population. The medical gas industry in the United States is undergoing a shift in standards, analysis, and delivery procedures as a result of the current increase in the use of home oxygen therapy and the modernization of medical gas standards and delivery methods.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Medical Gas Equipment Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Medical Gas Equipment Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Medical Gas Equipment Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 7.1% over the forecast period (2022-2027)
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By Type
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- Oxygen
- Helium
- Nitrous oxide
- Carbon dioxide
- Others
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By Application
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- Hospital use
- Household
- Institutes
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By Companies
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Messer Group, Airgas Inc, Air products and Chemicals Inc, Atlas Copco, Beacon Medaes, Matheson Tri-Gas, Praxair Inc, Taiyo Nippon Sanso Corp, HAC Technical Gases Inc, Air Liquide, Linde group
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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132
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Customization Available
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Yes, the report can be customized as per your needs
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Frequently Asked Questions
What is the growth rate of Medical Gas Equipment Market?
The Medical Gas Equipment Market is growing at a CAGR of 7.1% over the next 5 years.
Who are the key players in Medical Gas Equipment Market?
Messer Group, Airgas Inc, With 11 top producers., Air products and Chemicals Inc, Atlas Copco, Beacon Medaes, Matheson Tri-Gas, Praxair Inc, Taiyo Nippon Sanso Corp, HAC Technical Gases Inc, Air Liquide, Linde group
What are the significant types of Medical Gas Equipment Market?
Oxygen, Helium, Nitrous oxide, Carbon dioxide, Others
What are the major end-use applications of Medical Gas Equipment Market?
Hospital use, Household, Institutes
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.