Medical Gas Equipment Market Insights:
The Medical Gas Equipment Market size was valued at USD 2810.3 Million in 2022, expecting a CAGR of 6.5% during the forecast period (2023-2030), and the market is projected to be worth USD 4651.03 Million by 2030.
The increased adoption of Medical Gas Equipment in the Medical Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Medical Gas Equipment also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Medical Gas Equipment in many sectors also boosts the market growth during the forecast period.
Medical gas equipment refers to a variety of devices and systems used to deliver and manage medical gases such as oxygen, nitrous oxide, medical air, carbon dioxide, and helium in healthcare settings. These gases are essential for patient care, used for therapeutic, diagnostic, and supportive functions. Medical gas equipment is designed to ensure the safe and reliable delivery of medical gases to patients, including those who require critical care. They are regulated by various standards such as ISO 7396 and NFPA 99, which establish requirements for the design, installation, testing, and maintenance of medical gas systems.
Medical Gas Equipment Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Manifolds, Outlets, Hose assemblies and values, Alarm Systems, Cylinders, Flowmeters, Regulators), By End Use (Hospials, Clinics, Ambulatory surgical centers, Others), and companies (Atlas Copco, Air Products and Chemicals, Inc., Air Liquide, Praxair, Inc., Taiyo Nippon Sanso Corp., The Linde Group, SOL-SpA , Airgas, Inc., Messer Group, and GCE Holding AB), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.5%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Million)||4651.03 Million|
|By Product||Manifolds, Outlets, Hose assemblies and values, Alarm Systems, Cylinders, Flowmeters, Regulators|
|By End Use||Hospials, Clinics, Ambulatory surgical centers, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Atlas Copco, Air Products and Chemicals, Inc., Air Liquide, Praxair, Inc., Taiyo Nippon Sanso Corp., The Linde Group, SOL-SpA , Airgas, Inc., Messer Group, and GCE Holding AB.|
The COVID-19 pandemic has had a substantial negative influence on the Medical Gas Equipment market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Atlas Copco, Air Products and Chemicals, Inc., Air Liquide, Praxair, Inc., Taiyo Nippon Sanso Corp., The Linde Group, SOL-SpA , Airgas, Inc., Messer Group, and GCE Holding AB.
Market Segment Analysis:
- Hose assemblies and values
- Alarm Systems
By End Use
- Ambulatory surgical centers
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Medical Gas Equipment industries in the region.
Key Medical Gas Equipment Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Medical Gas Equipment Market segments.
– Largest Market Share Held by Industry to Industry for Medical Gas Equipment
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Medical Gas Equipment Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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