Medical Gas Equipment Market Size Market Share & Forecast, 2016 - 2024

Market Study Report adds global Medical Gas Equipment market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Medical Gas Equipment Market size will likely surpass USD 7.2 billion by 2024; according to a new research report.

Key insights from the report include:

Global medical gas equipment market size is slated to reach USD 7.2 billion by 2024, from 3.7 billion in 2015, at an estimated CAGR of 7.7% from 2016 to 2024.

Manifolds were over USD 1.1 billion in 2015 on revenue, anticipated to surpass USD 2.2 billion by 2024 growing at 7.8% from 2016 to 2024.

U.S. medical gas equipment market size contributed for over 80% of North America revenue share in 2015. Presence of manufacturer friendly organizations such as GAWDA and CGA, and the implementation of the U.S. Food and Drug Administration Safety and Innovation Act in July 2012 should contribute to the its largest share.

Europe medical gas equipment market share was second largest revenue generating region in 2015, with growth hinged at Germany and U.K. Presence of supportive associations such as the European Industrial Gases Association, Medical Gas Association will encourage regional business growth. Germany medical gas equipment market size will expand from USD 296 million in 2015 to reach over USD 533 million by 2024. UK medical gas equipment market will witness robust 6.9% CAGR from 2016 to 2024.

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China medical gas equipment market size will witness strong 10% CAGR from 2016 to 2024 to surpass USD 472 million by 2024. Growing geriatric population, rising prevalence of pulmonary disorders and growing number of medical casualties should boost business growth.

Global medical gas equipment market rivalry should remain higher over the forecast period. Extensive presence of local manufacturers, limited product differentiation opportunities, and entry of manufacturers with strong financial muscle should intensify industry competitiveness.

The majority medical gas equipment market share was held by Air Liquide and Linde Gas. The other notable industry participants include Air Products and Chemicals, Praxair, Air Gas, Matheson Tri-Gas, and BeaconMedaes.

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Strong home healthcare trends resulting into rising demand for packaged medical grade gases, coupled with growing incidence of target diseases should drive the global medical gas equipment market size. Rising geriatric population, implementation of the U.S. FDA Safety and Innovation Act and presence of untapped opportunities in emerging markets of India, China, and Brazil should fuel medical gas equipment market growth.

Elimination of drug user fee for medical gases and equipment will encourage filing for intellectual property rights and curbing manufacturer’s costs, thus increasing profit margins for industry participants. Growing incidence of ailments requiring long term care and surgical interventions should accelerate medical gas equipment market penetration. Vacuum systems held over 30% medical gas equipment market share with USD 1.1 billion in 2015 and anticipated to surpass USD 2.2 billion by 2024. Growing medical gas equipment market penetration coupled with their rising prices will stimulate business segment growth.

Medical masks will be the fastest growing segment, owing to their low manufacturing cost and high demand. Other segments such as medical regulators and gas outlets should also manifest strong growth due to rising number of safety initiatives. Increasing disposable incomes associated with economic development and large population size in Asian and East European regions provide lucrative medical gas equipment growth opportunities for the market. For instance, presence of a large labor base and economic growth should offer immense growth opportunities to medical gas and equipment manufacturers.

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Global Medical gas equipment market research report includes in-depth coverage of the industry with estimates &forecast in terms of revenue in USD million from 2012 to 2024, for the following segments:

Global Medical Gas Equipment Market By Product (Revenue, USD Million; 2012 - 2024)

Vacuum System

Manifolds

Alarm Systems

Flowmeters

Medical Air Compressors

Cylinders and Accessories

Hose Assemblies and Valves

Outlets

Regulators

Masks

Report Content

Chapter 1.    Methodology and Scope

1.1.    Research Methodology             

1.1.1.    Initial data exploration

1.1.2.    Statistical modeling and forecast

1.1.3.    Industry insights and validation                

1.2.    Data Sources

Chapter 2.    Executive Summary

2.1.    Medical Gas Equipment Market 360 degree synopsis, 2012 - 2024

2.1.1.    Business trends

2.1.2.    Regional trends

2.1.3.    Product trends

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