Press release
Medical Gas Equipment Market 2024 Global Analysis By Key Players - Air Liquide, Matheson Tri-Gas Inc, Air Products and Chemicals Inc, Praxair Inc., Linde Gas, Air Gas Inc., BeaconMedaes LLC, Medical Gas Solutions & More
Medical Gas Equipment
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.
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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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.
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.
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.
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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.
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 Market, By Region
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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