Press release
Comprehensive analysis on Medical Gas Equipment Market | Key Players are: Air Liquide, Amico Corp., BeaconMeds, Gentec Corp., Linde Gas, Allied Healthcare Products Inc., Matheson Tri-Gas Inc., Ohio Medical, Powerex, Praxair Inc
Medical Gas Equipment Market will exceed USD 7.2 billion by 2024; as per a new research report.
India medical gas equipment market will witness robust growth at 10.2% during the projected timeframe. High growth rate is credited to high prevalence of respiratory disorders. According to estimates, about 10.2% of Indian population aged 25-69 years die due to respiratory disorders. This will lead to high adoption rate of medical gas equipments, thereby favoring business growth throughout the forecast timeline.
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Growth is attributed to increased number of individuals seeking treatment for respiratory disease in ambulatory surgical centers. Growing patient pool coupled with introduction of cutting-edge equipment will render positive impact on business growth during the forecast timeframe.
UK medical gas equipment market accounted for USD 258.0 million in 2017, owing to increasing incidence of chronic diseases such as chronic obstructive pulmonary disorders and asthma. Increasing prevalence of chronic disease will increase adoption of advanced medical gas equipments for oxygen therapy. Adoption of technologically advanced medical gas equipments for delivery and supply of medical air will promote business growth in the future.
Increasing demand for medical gas equipments will lead to business growth during the projected timeframe. High demand is attributable to increasing prevalence of emergency cases due to chronic diseases. Growing disease burden will positively impact demand for medical gas equipments, thereby driving industry growth during the forecast period.
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Increasing geriatric population across the globe will drive medical gas equipment business growth in the future. According to estimates by World Health Organization (WHO), about 2.1 billion people will be above 60 years by 2050. With increasing geriatric population, prevalence of chronic obstructive pulmonary disease will increase, thereby fostering market growth.
Masks segment will show highest growth of 9.2% during the projected timeframe, owing to high adoption rate. Increasing adoption rate is attributable to growing adoption of unhealthy lifestyle. Reduced physical activity, increasing adoption of sedentary lifestyle and inclination towards unhealthy habits such as smoking are major factors for segmental growth in the future.
Ambulatory surgical centers accounted for largest revenue of USD 1,608.7 million in 2017.
Prominent industries involved in Medical gas equipment market are Air Liquide, Allied Healthcare Products Inc., Amico Corp., BeaconMed?s, Gentec Corp., Linde Gas, Matheson Tri-Gas Inc., Ohio Medical, Powerex and Praxair Inc. These prominent business players are focusing on strategic mergers, acquisitions and new product launch to strengthen market position.
Key Table Points Covered in Medical Gas Equipment Market Report:
1. Global Medical Gas Equipment Market Research Report 2019
2. Global Medical Gas Equipment Market Competition by Manufacturers
3. Global Medical Gas Equipment Capacity, Production, Revenue (Value) by Region (2019-2025)
4. Global Medical Gas Equipment Supply (Production), Consumption, Export, Import by Region (2019-2025)
5. Global Medical Gas Equipment Production, Revenue (Value), Price Trend by Type
6. Global Medical Gas Equipment Market Analysis by Application
7. Global Medical Gas Equipment Manufacturers Profiles/Analysis
8. Medical Gas Equipment Manufacturing Cost Analysis
9. Industrial Chain, Sourcing Strategy and Downstream Buyers
10. Medical Gas Equipment Marketing Strategy Analysis, Distributors/Traders
11. Medical Gas Equipment Market Effect Factors Analysis
Complete report titled at https://www.marketstudyreport.com/reports/medical-gas-equipment-market/?utm_source=marketwatch.com-VL
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