According to the recent study the medical gas equipment market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by increasing prevalence of chronic diseases, increasing surgical volume, and rapid growth in the geriatric population.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in medical gas equipment market by product (manifolds, outlets, hose assemblies and valves, alarm systems, cylinders, flowmeters, regulators, medical air compressors, vacuum systems, and others), end use industry (hospitals, clinics, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Manifolds market is expected to remain the largest segment during the forecast period.”
Based on product, the medical gas equipment market is segmented into manifolds, outlets, hose assemblies and valves, alarm systems, cylinders, flowmeters, regulators, medical air compressors, vacuum systems, and others. Lucintel forecasts that the manifolds market is expected to remain the largest segment due to the growing demand for medical gases among hospitals and ambulatory surgical centres is influencing the need for manifolds to distribute medical gases continuously.
“Within the medical gas equipment market, the hospitals segment is expected to remain the largest end use industry”
Based on end use industry the hospitals segment is expected to witness the highest growth over the forecast period due to the increasing demand for medical gases in hospitals as a result of the cumulative admission rate of patients with lung-related disorders and chronic obstructive pulmonary disease (COPD).
“North America will dominate the medical gas equipment market in near future”
North America will remain the largest region due to rising use of medical gases in the treatment of respiratory diseases such as COPD and asthma, the presence of major key players and well-established healthcare and pharmaceutical sector in this region.
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Major players of medical gas equipment market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Linde plc, Air Products, Air Liquide, Atlas Copco AB, Messer SE & Co. KGaA, GCE Group, Praxair Technology, SOL SpA, Medical Gas Solutions, and DCC plc are among the major medical gas equipment providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/medical-gas-equipment-market.aspx or [email protected]