According to a market report by Lucintel, the future of the medical gas equipment market looks promising with opportunities in the hospitals, clinics, and ambulatory surgical centers. The global medical gas equipment market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major drivers for this market are increasing prevalence of chronic diseases, increasing surgical volume, and rapid growth in the geriatric population.
In this market, manifolds, outlets, hose assemblies and valves, alarm systems, cylinders, flowmeters, regulators, medical air compressors, and vacuum systems are the major segments of medical gas equipment market by product. Lucintel forecasts that manifolds will remain the largest segment over the forecast period due to the growing demand for medical gases among hospitals and ambulatory surgical centers is influencing the need for manifolds to distribute medical gases continuously.
Within this market, hospital is expected to remain the largest segment 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 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.
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 the major suppliers in the global medical gas equipment market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global medical gas equipment market by product, end use industry and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Medical Gas Equipment Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global medical gas equipment market by medical gas equipment market by product, end use industry and region, as follows:
Medical Gas Equipment Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
· Manifolds
· Outlets
· Hose Assemblies and Valves
· Alarm Systems
· Cylinders
· Flowmeters
· Regulators
· Medical Air Compressors
· Vacuum Systems
· Others
Medical Gas Equipment Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
· Hospitals
· Clinics
· Ambulatory Surgical Centers
· Others
Medical Gas Equipment Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Medical Gas Equipment Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the 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)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?