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Exploring Robust Growth in Medical Gas And Equipment Market: Prominent Numbers, CAGR, Key Drivers, and Trends Amidst Global Healthcare Advancements
Medical Gas And Equipment Market
What Is The Projected Market Size Of The Global Medical Gas And Equipment Market And Its Growth Rate?
•The market size of Medical Gas and Equipment was $21.99 billion in 2024.
•The market is projected to grow to $23.79 billion in 2025, registering a compound annual growth rate (CAGR) of 8.2%.
•Rapid growth to $35.15 billion is expected by 2029, with a CAGR of 10.2%.
•Primary factors for this growth comprise personalized medicine initiatives, education and awareness campaigns, pandemic responses, healthcare advancements, and global healthcare trends.
•The forecast period is expected to see major push from increased healthcare expenditure, rise in chronic diseases, COVID-19 pandemic impact, shift towards home healthcare, and demand in emerging markets.
What Is Driving The Growth In The Medical Gas And Equipment Market?
The prevalence of respiratory diseases is driving the market growth for medical gas and equipment. Predominantly used to treat respiratory conditions, the rise in these diseases heightens the demand for medical gases and equipment. For instance, the Global Tuberculosis Report by the World Health Organization (WHO) mentioned that the global incidence of tuberculosis grew to an alarming 10.6 million cases in 2022, presenting a rise from 2021. This increase in respiratory diseases propels the demand for medical gases and equipment, essential for both treatment and management of these diseases.
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Who Are the Key Players Driving Medical Gas And Equipment Market Growth?
•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
•Powe*rex Corp.
•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.
What Are The Key Trends In The Medical Gas And Equipment Market?
•Cost efficiency and accessibility
•Awareness and education
•Personalized medicine
•Telemedicine and remote monitoring
•Focus on green technology
What Are The Segments Of The Global Medical Gas And Equipment Market?
•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
Which Region Leads The Medical Gas And Equipment Market?
North America held the maximum share in the medical gas and equipment market in 2024. However, Asia-Pacific is anticipated to experience the highest growth in the forecast period. The market report covers multiple regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Medical Gas And Equipment Market Global Market Report?
- Market Size Analysis: Analyze the Medical Gas And Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Gas And Equipment Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Gas And Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Gas And Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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