Medical Gases and Devices Market: Rise in Respiratory Disorders such as Asthma to Supplement Market Expansion
Medical gas and equipment are essential medical commodities that finds ample application in the healthcare industry to ensure safe diagnosis and subsequent therapeutics initiatives to ensure recovery and minimize fatality. Adroit Market Research gauges further inti industry peculiarities and resultant growth prognosis in its high-end research data archived in a humongous online database.
Besides finding ample usability as life-supporting essentials, medical gas and equipment are also used in biotechnology space as well as in drug development endeavors. Astronomical growth in global medical gas and equipment market is predicted owing to rampant technological innovations, funds supporting advances and the burgeoning patient pools.
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The global medical gas and equipment market is projected to reach an approximate value of USD 29.6 billion by 2028, growing at a CAGR of 7.5%. An increase in prevalence of respiratory disorders, surge in tobacco consumption, and rising prevalence of chronic diseases are factors driving the medical gas and equipment market.
Rise in Geriatric Populace and Expansion in Home Care Settings to Augment Market Growth
One of the most appropriate uses of medical gases and device market is observed in respiratory disorders. Rise in asthma patients and other breathing disorders observed owing to pollution and exposure to industrial gases, as a workplace hazard are further supporting expansion in medical gases and devices market. Various gases that are employed in improving patient conditions are categorized under medical products and the devices are classified as medical devices.
Expert research opinions also suggest that with steady rise in geriatric population globally, occurrences of age-related disorders are growing alarmingly. This is also contributing towards surged reliance on home care facilities, thus tangibly supplementing adoption and growth in medical gases and devices market as well.
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In terms of end-use applications, home based care delivery is a significant growth determinant across developed economies. However, medical gases and devices market is likely to experience impressive ROI with large scale demands across hospitals and care centers. Critical care units require greater support from high end life support devices thus leveraging optimistic growth outlook.
Major players operating in the global medical gas and equipment market include The Linde Group, Praxair, Inc., Air Liquide, AIR Products and Chemicals, Inc., Atlas Copco AB, Messer Group GmbH, Ceodeux Meditec, Taiyo Nippon Sanso Corporation (Matheson Tri-Gas Inc.), Gce Holding AB, Rotarex S.A., SOL SPA, Amico Corporation, and Sci Analytical among others.
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Key Segments of the Global Medical Gas and Equipment Market
Product Overview, 2018-2028 (USD Million)
- Medical Gases
- Pure Medical Gases
- Medical Gas Mixtures
- Medical Gas Equipment
- Vacuum Systems/Pumps
- Alarm Systems
- Cylinders & Accessories
- Hose Assemblies & Valve
- Outlets
- Regulators
- Flow Meters
- Masks
- Manifolds
- Medical Air Compressors
End-user Overview, 2018-2028 (USD Million)
- Hospitals
- Home Healthcare
- Pharmaceuticals & Biotechnology Companies
- Emergency Services
- Academic & Research Institutes
Regional Overview, 2018-2028 (USD Million)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
What does the report include?
The study on the global medical gas and equipment market includes qualitative insights such as drivers, restraints, challenges and opportunities
Additionally, the market has been evaluated using the Porter’s Five Forces analysis
The study covers qualitative and quantitative analysis of the market segmented on the basis of product, and end-user. Moreover, the study on medical gas and equipment market provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments
The study includes the profiles of key players operating in the market with a significant global and/or regional presence
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Some Points From TOC
- Introduction
1.1. Introduction
1.2. Market Definition and Scope
1.3. Units, Currency, Conversions and Years Considered
1.4. Key Stakeholders
1.5. Key Questions Answered
2. Research Methodology
2.1. Introduction
2.2. Data Capture Sources
2.3. Market Size Estimation
2.4. Market Forecast
2.5. Data Triangulation
2.6. Assumptions and Limitations
3. Market Outlook
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. Porter’s Five Forces Analysis
3.4. Regulatory Landscape
3.5. COVID-19 Impact Analysis
4. Medical Gas and Equipment Market by Product, 2018-2028 (USD Million)
4.1. Medical Gases
4.1.1. Pure Medical Gases
4.1.2. Medical Gas Mixtures
4.2. Medical Gas Equipment
4.2.1. Vacuum Systems/Pumps
4.2.2. Alarm Systems
4.2.3. Cylinders & Accessories
4.2.4. Hose Assemblies & Valve
4.2.5. Outlets
4.2.6. Regulators
4.2.7. Flow Meters
4.2.8. Masks
4.2.9. Manifolds
4.2.10. Medical Air Compressors
5. Medical Gas and Equipment Market by End-user, 2018-2028 (USD Million)
5.1. Hospitals
5.2. Home Healthcare
5.3. Pharmaceuticals & Biotechnology Companies
5.4. Emergency Services
5.5. Academic & Research Institutes
6. Medical Gas and Equipment Market by Region, 2018-2028 (USD Million)
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. France
6.2.4. Rest of Europe
6.3. Asia Pacific
6.3.1. China
6.3.2. Japan
6.3.3. India
6.3.4. Rest of APAC
6.4. Latin America
6.4.1. Brazil
6.4.2. Mexico
6.4.3. Rest of Latin America
6.5. Middle East & Africa
7. Competitive Landscape
Continue……
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