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Medical Gas Equipment Market to register an appreciable growth rate through 2026

Author : Ronak Bora | Published Date : 2020-09-03 

Medical Gas Equipment Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Growing awareness pertaining to utilization of gas supply systems is poised to drive medical gas equipment market forecast, owing to the need for safe anesthetic practices, diagnosis or therapy in medical settings. Advanced medical gas equipment have considerably assisted healthcare professionals during laboratory tests, surgeries, diagnostic procedures and in emergency medical requirements.

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The types of medical gases that are used in healthcare organizations are nitrogen, oxygen, nitrous oxide, carbon dioxide and medical vacuum, among others. However, oxygen is one of the most widely used gases for respiratory therapies and life support. As the number of chronic disease cases such as blood pressure, diabetes, respiratory disorders and coronary heart diseases are increasing, requirement for medical gas equipment has also escalated.

Expanding geriatric population base, majorly across the emerging economies will also create a demand for medical gas during chronic disease management. Moreover, major manufacturers are developing cost effective equipment, which may bolster the product development in the coming years. Global medical gas equipment market size is forecast to surpass USD 8 billion by 2026.

In 2019, hospitals segmented contributed major revenue to the global medical gas equipment market size due to growing preference of patients for diagnostic, surgical procedures and other treatments in hospital settings. This can be attributed to growing adoption of advanced technology and equipment in the facilities.

New clinical trials conducted in multi-specialty hospitals may create scope for new experimental therapies, attracting more patients. Furthermore, growing demand for respiratory treatments will lead to large-scale adoption of advanced medical equipment over the coming years.

Europe boasts of a developed healthcare infrastructure and this is they contributing factor for exponential growth of medical equipment business across the region. The regional government offers high funding for advanced healthcare research as well as for adoption of technologically advanced products.

Advanced medical gas equipment systems is the foremost preference in healthcare facilities across Europe as they offer better control and improved precision, = imparting a better therapeutic outcome for patients.

Favorable health reimbursement policies along with rising respiratory disease cases in European countries will further boost product deployment. According to the ELF (European Lung Foundation) estimates, around 600 thousand people in region die due to respiratory diseases annually, and as per Health Europa, around 8.2% of the total deaths in 2019 were due to respiratory diseases. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/medical-gas-equipment-market

Partial Chapter of the Table of Content 

Chapter 4.  Medical Gas Equipment Market, By Product

4.1. Key segment trends

4.2. Manifolds

4.2.1.  Market size, by region, 2015-2026 (USD Million)

4.3. Outlets

4.3.1. Market size, by region, 2015-2026 (USD Million)

4.4. Hose assemblies and valves

4.4.1.  Market size, by region, 2015-2026 (USD Million)

4.5. Alarm systems

4.5.1. Market size, by region, 2015-2026 (USD Million)

4.6. Cylinders

4.6.1.  Market size, by region, 2015-2026 (USD Million)

4.7. Flowmeters

4.7.1. Market size, by region, 2015-2026 (USD Million)

4.8. Regulators

4.8.1.  Market size, by region, 2015-2026 (USD Million)

4.9. Medical air compressors

4.9.1. Market size, by region, 2015-2026 (USD Million)

4.10.    Vacuum systems

4.10.1. Market size, by region, 2015-2026 (USD Million)

4.11.    Masks

4.11.1. Market size, by region, 2015-2026 (USD Million)

Chapter 5.  Medical Gas Equipment Market, By End-use

5.1. Key segment trends

5.2. Hospitals

5.2.1.  Market size, by region, 2015-2026 (USD Million)

5.3. Clinics

5.3.1.  Market size, by region, 2015-2026 (USD Million)

5.4. Ambulatory surgical centers

5.4.1.  Market size, by region, 2015-2026 (USD Million)

5.5. Others

5.5.1.  Market size, by region, 2015-2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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