Medical Gases And Equipment Market Size, Future Growth, Segments Forecast 2021-2027

Precision Business Insights published a research report on “Medical Gases And Equipment Market: By Product (Pure Gases, Gas Mixtures), By Equipment (Medical Air Compressors, Cylinders, Outlets, Regulators) By End User (Ambulatory Surgical Centres, Diagnostic Centres, Hospitals), By Geography - Global/Region/Country Forecast to 2027".

Medical gas supply systems and equipment are extensively utilized in hospital settings for a variety of respiratory therapy and life support systems. The demand for medical gas and equipment in anaesthetic gas delivery has fueled a substantial portion of sales proceeds. Growing clinical experience has expanded our understanding of gas supply systems over the years. As a result, hospitals are increasingly deploying those systems to fulfil the needs of a growing number of patients in intensive care units who require life-saving equipment. A rise in the number of surgeries requiring anaesthetic procedures is fueling hospital demand.

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Medical gases and equipment, which are an important aspect of the hospital industry, are seeing a considerable growth in demand as the number of hospitals throughout the world grows. Flowmeters, regulators, cryogenic goods, medical air compressors, and other medical equipment are frequently needed to treat patients that require critical care. As a result, this equipment is commonplace in hospitals' Intensive Care Units (ICUs) and Operation Theaters (OTs). Additionally, the government's increasing expenditure in healthcare is boosting the market's growth. For example, India's healthcare business is booming, thanks to the government's decision to allow foreign direct investment (FDI) in the field. According to the World Health Organization (WHO), since 2000, public spending on healthcare in Vietnam has increased by 1.9 percent for every 1.5 percent increase in per capita GDP.

Medical gases-equipment market is segmented of the basis of application, type, products and end-users. On the basis of type, the medical gases and equipment market is categorized into medical gas equipment and medical gases. Medical gases are further divided into medical gas mixtures and pure medical gases. Application segment of the market is segregated into pharmaceutical manufacturing & research, therapeutic applications, diagnostic application and other applications. On the basis of end-users, the market is classified into home healthcare, hospitals, pharmaceutical & biotechnology companies, emergency services and academic & research institutions. Product segment of the medical gases-equipment market is divided into outlets, hose assemblies and valves, manifolds, cylinders, flowmeters, alarm systems, medical air compressors, regulators, vacuum systems and masks.

North America accounted for a large portion of the medical gases and equipment market, and it is predicted to maintain this trend without notable variations over the forecast period. The rising use of medical gases and equipment in the therapy of various respiratory disorders, such as COPD and asthma, is largely responsible for this consistent growth rate. During the forecast period, rising rates of COPD, asthma, and other medical problems such as cardiovascular and lifestyle-related disorders are likely to increase demand for medical gases and equipment in the US.

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There are some major players working in medical gases and equipment market, which include AxoGen Inc. (U.S.), Baxter International (U.S.), Medtronic (US), Cyberonics Inc. (U.S.), Integra Lifesciences Corporation (U.S.), Boston Scientific (US), Abbott Laboratories (US), LivaNova (UK), Baxter (US), AxoGen (US), Stryker (US)

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