The medical gas and equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Medical Gas And Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
North America was the largest region in the medical gas and equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical gas and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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, Powerex 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.
Table of Contents
1. Executive Summary
2. Medical Gas And Equipment Market Report Structure
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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