The market for medical gas equipment is expected to grow over the next six-years due to rising incidences of respiratory diseases and the favorable U.S. FDA regulations. The rising incidence of respiratory diseases is being caused by a growing global geriatric population as well as a changing lifestyle such that smoking and inactivity are more common. WHO estimates that the global population for the 65-year-old and older age group is likely to increase from 7% in 2000, to 16% by 2050.
Market for medical gas equipment worldwide, product wise, 2012-2020 (USD Million).
Market demand will be boosted by the growing demand for point-of-care and home healthcare services, as well as the introduction of portable medical devices. The global medical gas equipment market will grow at 8.0% annually over the next six-years to reach USD 5,313.9 millions in 2020.
Manifolds and hose assemblies & vales, outlets, alarm system, alarm systems, cylinders regulators flow meters, masks, vacuum system, and medical air compressors are some of the key market products. Due to rising usage rates and the higher associated prices, medical gas vacuum systems dominated 2013's market for medical gas equipment in terms of revenue. The global vacuum systems market was worth more than USD 900.0 million. Masks are also the most popular segment in the market for medical gas equipment. These products are attractive because of their low manufacturing costs and high usage rates. Over the forecast period, there will be significant growth in medical gas outlets and regulators. Manufacturers are implementing more safety-related initiatives, which has encouraged them to update their product portfolios frequently. This is expected to drive segment growth over the forecast period.
The key regional segments for medical gas equipment are North America, Europe and Asia-Pacific. RoW is also a major player. In terms of revenue share, North America was the dominant market for medical gas equipment in 2013. Its large share can be attributed to the country's advanced healthcare infrastructure, high volumes of minimally invasive procedures and the implementation of U.S. Food and Drug Administration Safety and Innovation Act. Europe was the second-highest revenue-generating region for the medical gas equipment market in 2013. Regional growth is expected to be driven by the presence of associations like the European Industrial Gases Association (EMA) and Medical Gas Association, as well as sophisticated healthcare infrastructures in Western European countries. The European market for medical gas equipment will be served by the lucrative growth opportunities available in emerging Eastern European markets like Russia and Poland. The Asia Pacific market for medical gas equipment is expected to grow at the fastest rate of CAGR over the forecast period, owing to the rapid improvement in healthcare infrastructure, patient awareness, and healthcare spending levels in emerging markets like India and China.
There are many local manufacturers that sell their products on the market. They do so by using their established supply channels and pricing them accordingly. The industry competition will remain fierce throughout the forecast period due to limited product differentiation and the entry into the market of large revenue-generating manufacturers like Atlas Copco. Air Liquide, Matheson Tri-Gas Inc. and Air Products and Chemicals Inc. are some of the major medical gas equipment producers. Air Liquide's market dominance is due to its extensive product range, success in implementing growth strategies like ALMA-2015, and sales growth through investing in emerging Asian, Latin American, and Eastern European economies.
Up Market Research published a new report titled “Medical Gas Equipment Market research report which is segmented by Product (Masks, Manifolds, Medical Air Compressors, Outlets), By Players/Companies Powerex, Air Liquide, Matheson Tri-Gas inc, Medical Gas Solutions, Amico Corp and Gentec Corp Air Liquide dominated the overall medical gas equipment market in 2013 The presence of an extensive product portfolio, Air Gas Inc, Praxair Inc, Ohio Medical, Linde Gas, Allied Health Care, Air Products and Chemicals Inc, BeaconMedaes LLC, Latin American and Eastern European economies and tapping on the available growth opportunities are some factors accounting for its market position, successful implementation of growth strategies such as ALMA – 2015 and sales growth achieved via investing in emerging Asian”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Medical Gas Equipment Market Research Report |
By Product | Masks, Manifolds, Medical Air Compressors, Outlets |
By Companies | Powerex, Air Liquide, Matheson Tri-Gas inc, Medical Gas Solutions, Amico Corp and Gentec Corp Air Liquide dominated the overall medical gas equipment market in 2013 The presence of an extensive product portfolio, Air Gas Inc, Praxair Inc, Ohio Medical, Linde Gas, Allied Health Care, Air Products and Chemicals Inc, BeaconMedaes LLC, Latin American and Eastern European economies and tapping on the available growth opportunities are some factors accounting for its market position, successful implementation of growth strategies such as ALMA – 2015 and sales growth achieved via investing in emerging Asian |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 220 |
Number of Tables & Figures | 154 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Masks, Manifolds, Medical Air Compressors, Outlets).
Medical Gas Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Medical Gas Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Medical Gas Equipment Market Report:
Some other reports from this category!