Press release
Worldwide Medical Gas Equipment Market Analysis By Top key Player - Air Products and Chemicals, Praxair, Air Gas, Matheson Tri-Gas, BeaconMedaes & More
Medical Gas Equipment
Medical Gas Equipment Market size is estimated to reach USD 7.2 billion by 2024. 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.
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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.
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.
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.
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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.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Medical Gas Equipment Industry Insights
Chapter 4. Medical Gas Equipment Product Insights
Chapter 5. Medical Gas Equipment Regional Insights
Chapter 6. Company Profiles
For More Details On this Report: https://www.marketstudyreport.com/reports/medical-gas-equipment-market
Related Report:
United States Medical Gas Equipment Market Report 2017
In this report, the United States Medical Gas Equipment market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
https://www.marketstudyreport.com/reports/united-states-medical-gas-equipment-market-report-2017/?utm_source=RR-PSR
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