Press release
Medical Gas And Equipment Market Report 2024: Strategies And Recent Developments
Medical Gas And Equipment Market
The Business Research Company offers in-depth market insights through Medical Gas And Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The medical gas and equipment market size has grown strongly in recent years. It will grow from $20.72 billion in 2023 to $22.58 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to personalized medicine initiatives, education and awareness campaigns, pandemic responses, healthcare advancements, global healthcare trends..
The medical gas and equipment market size is expected to see strong growth in the next few years. It will grow to $32.14 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing healthcare expenditure, rise in chronic diseases, covid-19 pandemic impact, shift towards home healthcare, demand in emerging markets.. Major trends in the forecast period include cost efficiency and accessibility, awareness and education, personalized medicine, telemedicine and remote monitoring, focus on green technology..
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Market Segmentation:
The medical gas and equipment market covered in this report is segmented -
1) By Type: Medical Gases, Medical Gas Mixtures, Biological Atmospheres, Medical Gas Equipment
2) By Application: Respiratory, Anesthesia, Medical Imaging, Cryosurgery, Therapeutic, Diagnostic
3) By End-User: Hospitals, Research Institutions, Home Healthcare, Pharmaceutical Industry And Academic, Biotechnology Industry, Emergency Service
Major Driver - Rising Prevalence Of Respiratory Diseases To Drive Market Growth
The increasing prevalence of respiratory diseases is expected to propel the medical gas and equipment market growth going forward. 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. For instance, in October 2022, according to the Global Tuberculosis Report published by the World Health Organization, a Switzerland-based global health agency, the global incidence of tuberculosis (TB) was estimated at 10.6 million cases, with a rate of 134 cases per 100,000 population in 2021, an increase of 4.5% from 10.1 million in 2020. Therefore, the increasing prevalence of respiratory diseases is driving the growth of the medical gas and equipment market.
Competitive Landscape:
Major companies operating in the medical gas and equipment market report are Linde plc, Praxair Inc., Air Liquide S.A., Atlas Copco AB, Messer Group GmbH, Taiyo Nippon Sanso Corporation, Gas Control Equipment Ltd., Rotarex S.A., SOL S.p.A., Amico Corporation, Air Products and Chemicals Inc., BeaconMedaes LLC, Flogas Britain Limited, Matheson Tri-Gas Inc., SCI Analytical Laboratories Inc., GCE Holding AB, Medical Gas Solutions Ltd., Ohio Medical Corporation, Gentec Corporation, Cramer Decker Medical Inc., PCI Gases, Precision Medical Inc., Bay Corporation, Amada Marvel Inc., BPR Medical, Calea, Cryofab Inc., EKOM spol. s r.o., Far East Gas Co. Ltd., Gascon Systems Pty Ltd.
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Top Trend - Product Innovations Transforming The Medical Gas And Equipment Market
Product innovation is a key trend gaining popularity in the medical gas and equipment market. 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.
The Table Of Content For The Market Report 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
…..
27. Medical Gas And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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