Medical Gas Equipment Market Emerging Trend Analysis on Air Liquide, Linde Gas, Matheson Tri-Gas, and BeaconMedaes

Medical Gas Equipment Market size is estimated to reach USD 7.2 billion by 2024, The medical gas equipment market has been growing at a remarkable pace with the increasing number of hospitalized patients worldwide and the availability of modern, advanced medical technologies that cater to a widespread patient base.

Industry players have developed efficient and easily accessible gas equipment for supplying, monitoring and regulating medical gases to patients being operated or those who are recuperating after being treated.

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Report Mainly focuses on the top Manufacturers in global market are given bellow

Air Liquide and Linde Gas. The other notable industry participants include Air Products and Chemicals, Praxair, Air Gas, Matheson Tri-Gas, and BeaconMedaes

The mounting number of cases pertaining to respiratory disorders have further intensified the necessity of regular medical gas administration, especially in the rapidly growing geriatric population. WHO has estimated that global population of people aged 60 years or above will almost double from 900 million in 2015 to 2 billion in 2050.

The incredible upsurge in older population will also lead to the development of home healthcare for patients that do not need to be hospitalized but require regulated medical air treatment. In U.S., the overall employment in the home health-aide and personal care segment was anticipated to grow at 41% over 2016 to 2026, as per the Bureau of Labor Statistics. Subsequently, developments in improving the effectiveness of home administered medical gas will assertively transform the medical gas equipment market with a number of innovative technologies already being implemented.

Ceodeux Meditec, provider of high performance medical gas regulator, valves and other medical gas equipment, has recently introduced a range of smart medical VIPRs (valve integrated pressure regulator). The equipment digitally monitors the flow of medical gases and offers valuable insights such as calculating the volume of gas remaining or alertness when gas needs to be changed, significantly enhancing a home caregiver’s productivity.

By Product

• Manifolds
• Outlets
• Hose Assemblies and Valves
• Alarm Systems, Cylinders
• Flowmeters
• Regulators
• Medical Air Compressors
• Vacuum Systems, Masks

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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The above information is provided on a regional and country basis for the following:

U.S., Canada, Germany, UK, Japan, China, Brazil, Mexico, South Africa
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.

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