(MENAFN- EIN Presswire) Medical Gases And Equipment market 2023
rise in the prevalence of respiratory diseases such as COPD, emphysema, and asthma that further increased the demand for medical gases and equipment
PORTLAND, OREGON, UNITED STATES, June 7, 2023/einpresswire.com / -- Allied Market Research published a report, titled, "medical gases and equipment market : By Product Type (Medical Gases, and Medical gas Equipment), By Application (Therapeutic, Diagnostics, and Others), By End User (Hospitals, Ambulatory Surgical Centers, Diagnostic and Research Laboratories, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032" According to the report, the global medical gases and equipment industry generated $14.3 billion in 2022, and is anticipated to generate $28.9 billion by 2032, witnessing a CAGR of 7.6% from 2023 to 2032.
This report provides a comprehensive overview of the Medical Gases and Equipment Market, including an in-depth analysis of market trends, key segments, investment opportunities, value chain analysis, regional landscape, and competitive scenarios. It offers valuable insights for established market players, new entrants, investors, and other stakeholders to devise effective strategies and make informed decisions to enhance their market position. The report is a valuable resource for anyone seeking to gain a deeper understanding of the Medical Gases and Equipment Market and its growth potential in the future.
What are the factors driving the Medical Gases and Equipment Market?
The global medical gases and equipment market is driven by factors such as increase in the adoption of medical gases and equipment, surge in cases of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, dyspnea, and the rise in awareness regarding improvement of healthcare infrastructure in developing countries. However, the stringent regulations regarding manufacturing and sales of medical gases and equipment is hampering the medical gases and equipment market growth. On the contrary, the increase in adoption of key strategies by key players, and the rise in aging population suffering from respiratory disease and cardiovascular disease are expected to offer remunerative opportunities for expansion of the medical gases and equipment market during the forecast period.
Get Sample PDF Report with Graphs and Figures Here:
Top Medical Gases and Equipment Companies
.Advin Health Care
.Air Liquide (Air Liquide Medical Systems)
.Air Products and Chemicals Inc
.Atlas Copco AB
.DCC plc (Flogas)
.ESAB (GCE Holding AB)
.Linde Plc
.Matheson Tri-Gas Inc.
.Messer Holding GmbH
.Rotarex
Medical Gases and Equipment Market segmentation can be done based on several factors, including:
Based on product type, the medical gases segment held the highest market share in 2022, accounting for nearly three-fourths of the global medical gases and equipment market revenue and is estimated to maintain its leadership status throughout the forecast period. This is due to a rise in adoption of medical gases and increase in focus for the improvement of healthcare infrastructure. The same segment is projected to manifest the highest CAGR of 7.8% from 2023 to 2032, as increase in awareness regarding use of medical gases for treatment & diagnostic purpose and rise in demand of medical gases.
Based on application, the therapeutic segment held the highest market share in 2022, accounting for more than half of the global medical gases and equipment market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to high adoption of medical gases and equipment for treatment and rise in use of medical gases for treatment of respiratory disease. However, the diagnostics segment is projected to manifest the highest CAGR of 8.5% from 2023 to 2032, owing to an increase in endoscopy procedure that requires medical gases and equipment and rise in demand of medical gases for diagnostic purpose, such as increase in use of lung diffusion mixture for pulmonary function testing.
Based on end user, the hospitals segment held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global medical gases and equipment market revenue,and is likely to dominate the market during the forecast period. This is due to an increase in number of patient visit in hospital, and high demand of medical gases and equipment from hospitals. The other segment is expected to witness the fastest CAGR of 9.0% from 2023 to 2032 , owing to increase in use of medical gases in home healthcare, and rise in geriatric population in home healthcare who required care and medical gas.
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global medical gases and equipment market revenue, and is expected to maintain its dominant status throughout the forecast period. The growth is attributed to robust healthcare infrastructure, presence of key players, and rise in healthcare expenditure. However, the Asia-Pacific region is expected to witness the fastest CAGR of 9.5% from 2023 to 2032 owing to a rise in number of respiratory diseases, unmet medical demands, and high population base.
For Purchase Inquiry-
By Region Outlook
. North America
(U.S., Canada, Mexico)
. Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
. Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
. LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Contact Details:
David Correa
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of“Market Research Reports” and“Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
David Correa
Allied Analytics LLP
+ 1-800-792-5285
email us here