Press release
Medical Gas And Equipment Market 2023 - By Outlook, Opportunity, Demand Analysis And Forecast Report By 2032
Medical Gas And Equipment Market
The Business Research Company's Medical Gas And Equipment Global Market Report 2023 identifies increasing prevalence of respiratory diseases as the major driver for the Medical Gas And Equipment market's growth in the forecast period. Respiratory diseases refer to disease condition that affects the lungs and the parts of the respiratory system. Medical gases and equipment are used for the treatment of respiratory diseases, increase in those diseases will result in the growth of the market.
The global medical gas and equipment market size is expected to grow from $19.32 billion in 2022 to $20.98 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical gas and equipment market size is expected to grow to $28.56 billion in 2027 at a CAGR of 8.0%.
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Major competitors in the Medical Gas And Equipment market are Linde PLC., Praxair Inc., Air Liquide S.A., Atlas Copco, Messer Group GmbH, Taiya Nippon Sanso, Gas Control Equipment Ltd.
A key trend in the Medical Gas And Equipment market includes product innovation. Major companies operating in the medical gas and equipment market are focused on developing new technological solutions to strengthen their position. For instance, in June 2021, GCE Healthcare, a Sweden-based manufacturer of high-pressure gas equipment launched MediTec, a new high-pressure gas regulator that can deliver up to 25 lpm and can be used to treat cluster headaches and resuscitation. MediTec's unique self-centering feature allows the flow of gas in an unlikely event to ensure the device flow selector is placed between two settings. This device ensures gas control with a flow selector and also an option for a quick connector for different uses.
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The Medical Gas And Equipment market is segmented -
• By Type: Medical Gases, Medical Gas Mixtures, Biological Atmospheres, Medical Gas Equipment
• By Application: Respiratory, Anesthesia, Medical Imaging, Cryosurgery, Therapeutic, Diagnostic
• By End-User: Hospitals, Research Institutions, Home Healthcare, Pharmaceutical Industry And Academic, Biotechnology Industry, Emergency Service
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Medical Gas And Equipment market.
The Business Research Company's "Global Medical Gas And Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Medical Gas And Equipment Market Include:
1. Executive Summary
2. Medical Gas And Equipment Market Characteristics
3. Medical Gas And Equipment Market Trends And Strategies
4. Medical Gas And Equipment Market - Macro Economic Scenario
5. Medical Gas And Equipment Market Size And Growth
………………………..
26. Africa Medical Gas And Equipment Market
27. Medical Gas And Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Gas And Equipment Market
29. Medical Gas And Equipment Market Future Outlook and Potential Analysis
30. Appendix
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