Medical Gas Equipment Market share to hit $7bn by 2024
Get more details @ http://bit.ly/2gj1dlf Global medical gas equipment market notable industry participants include Air Liquide, Linde Gas, Praxair, Air Gas, Air Products and Chemicals, Matheson Tri-Gas, and BeaconMedaes.
Get more details @ http://bit.ly/2gj1dlf
Global medical gas equipment market notable industry participants include Air Liquide, Linde Gas, Praxair, Air Gas, Air Products and Chemicals, Matheson Tri-Gas, and BeaconMedaes.
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<strong>Medical</strong> <strong>Gas</strong> <strong>Equipment</strong> <strong>Market</strong> <strong>share</strong> <strong>to</strong> reach <strong>$7bn</strong><br />
<strong>by</strong> <strong>2024</strong>: Global <strong>Market</strong> Insights Inc.<br />
<strong>Medical</strong> <strong>Gas</strong> <strong>Equipment</strong> <strong>Market</strong> <strong>to</strong> see huge growth opportunities due <strong>to</strong><br />
advancements in the pharmaceutical industry and rising geriatric population. The<br />
increasing occurrence of chronic respira<strong>to</strong>ry diseases and rising demand for point of<br />
care and home healthcare products will accelerate the medical gas equipment<br />
industry growth. According <strong>to</strong> Global <strong>Market</strong> Insights, Inc. “<strong>Medical</strong> gas equipment<br />
market is projected <strong>to</strong> witness a CAGR of 7.7% over the period of 2016-<strong>2024</strong>.”<br />
<strong>Medical</strong> gas equipment has wide range of applications in biotechnology and<br />
pharmaceutical industry, such as drug discovery and development, cell culture study,<br />
and pharmaceutical manufacturing, which in turn will drive the industry growth.<br />
Considering the global trends, North America medical gas equipment market, led <strong>by</strong><br />
U.S. is witnessing rapid surge, owing <strong>to</strong> favorable industry initiatives, rising demand<br />
for minimal medical interventions, and improved access <strong>to</strong> healthcare infrastructure.<br />
The U.S. medical gas equipment market is anticipated <strong>to</strong> surpass USD 2.4 billion <strong>by</strong><br />
<strong>2024</strong>.<br />
Europe being the second largest revenue generating region in 2015, is estimated <strong>to</strong><br />
surpass USD 1.9 billion <strong>by</strong> <strong>2024</strong>. Germany medical gas equipment industry is<br />
projected <strong>to</strong> exceed USD 533 million in coming seven years. Increasing assistance<br />
and support provided <strong>to</strong> the industry players from organizations such as European<br />
Industrial <strong>Gas</strong>es Association and <strong>Medical</strong> <strong>Gas</strong> Association will promote the business<br />
expansion.<br />
Asia Pacific region is also poised <strong>to</strong> observe escalating gains from China medical<br />
gas equipment market which is projected <strong>to</strong> grow at an annual rate of 10% over the<br />
period of 2016-<strong>2024</strong>. Growing geriatric population, rising number medical casualties,<br />
and high prevalence of pulmonary diseases will propel medical gas equipment<br />
market growth.<br />
Major products in the medical gas equipment industry include manifolds, outlets,<br />
vacuum systems, masks, medical air compressors, regula<strong>to</strong>rs, and cylinders.<br />
Growing vacuum systems penetration and high cost should profit the vacuum<br />
systems industry <strong>share</strong>. Vacuum systems having had accounted for 30% of the<br />
overall medical gas equipment market in 2015, is projected <strong>to</strong> exceed a revenue of<br />
USD 2.2 billion <strong>by</strong> <strong>2024</strong>.<br />
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U.S. <strong>Medical</strong> <strong>Gas</strong> <strong>Equipment</strong> <strong>Market</strong> Size, <strong>by</strong> Product, 2012- <strong>2024</strong><br />
(USD Mn)<br />
Browse key industry insights spread across 95 pages with 17 market data tables &<br />
10 figures & charts from this 2017 report <strong>Medical</strong> <strong>Gas</strong> <strong>Equipment</strong> <strong>Market</strong> in detail<br />
along with the table of contents at:<br />
https://www.gminsights.com/industry-analysis/medical-gas-equipment-market<br />
<strong>Medical</strong> mask is another profitable product segment of the medical gas equipment<br />
industry growing at an annual rate of 9.2% over the period of 2016-<strong>2024</strong>. Due <strong>to</strong> its<br />
low manufacturing cost and high demand, the medical masks sec<strong>to</strong>r is likely <strong>to</strong> be<br />
the fastest growing segment of the industry. Moreover, other products including<br />
regula<strong>to</strong>rs, manifolds, and gas outlets are also poised <strong>to</strong> witness significant gains in<br />
the coming years.<br />
Increasing healthcare spending capacities in the emerging economies such as India<br />
and China will hold high growth potential for the medical gas equipment industry.<br />
Moreover, implementation of favorable regula<strong>to</strong>ry actions <strong>by</strong> U.S. FDA Safety and<br />
Innovation Act and another supportive organizations such as Compressed <strong>Gas</strong><br />
Association (CGA) and <strong>Gas</strong>es and Welding Distribu<strong>to</strong>rs Association (GAWDA) will<br />
positively influence the growth of medical gas equipment industry. Global medical<br />
gas equipment market <strong>share</strong> is highly consolidated with key players such as Air<br />
Liquide and Linde <strong>Gas</strong> accounting for over 38% of industry revenue in 2015. Other<br />
key industry participants include Praxair, BeaconMedaes, Air Products and<br />
Chemicals, Matheson Tri-<strong>Gas</strong>, and Air <strong>Gas</strong>.<br />
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Table of Content of <strong>Medical</strong> <strong>Gas</strong> <strong>Equipment</strong> <strong>Market</strong>:<br />
Chapter 1.<br />
Methodology and Scope<br />
1.1. Research Methodology<br />
1.1.1. Initial data exploration<br />
1.1.2. Statistical modeling and forecast<br />
1.1.3. Industry insights and validation<br />
1.2. Data Sources<br />
Chapter 2.<br />
Executive Summary<br />
2.1. <strong>Medical</strong> <strong>Gas</strong> <strong>Equipment</strong> <strong>Market</strong> 360 0 synopsis, 2012 - <strong>2024</strong><br />
2.1.1. Business trends<br />
2.1.2. Regional trends<br />
2.1.3. Product trends<br />
Chapter 3.<br />
<strong>Medical</strong> <strong>Gas</strong> <strong>Equipment</strong> Industry Insights<br />
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3.1. Industry segmentation<br />
3.2. Industry Size and forecast, 2012 - <strong>2024</strong><br />
3.3. Industry impact forces<br />
3.3.1. Growth drivers<br />
3.3.1.1 Growing base of geriatric population base<br />
3.3.1.2 Increasing demand for home healthcare and point of care<br />
diagnostics<br />
3.3.1.3 Implementation of the U.S. Food and Drug Administration<br />
Safety and Innovation Act<br />
3.3.1.4 Presence of untapped opportunities in emerging<br />
economies
3.3.1.5 Favorable initiatives undertaken <strong>by</strong> organizations such as<br />
CGA and GAWDA<br />
3.3.2. Industry pitfalls<br />
3.3.2.1. Rising incidences of medical gas and equipment theft<br />
3.3.2.2. Shortage of Helium<br />
3.4. Growth potential analysis<br />
3.5. Porter’s analysis<br />
3.6. PESTEL analysis<br />
3.7. Company <strong>Market</strong> Share Analysis, 2015<br />
3.8. Pipeline outlook<br />
3.9 Microeconomic Fac<strong>to</strong>rs Affecting <strong>Market</strong> Growth<br />
3.9.1 Healthcare expenditure level trends<br />
3.9.2 Healthcare establishment purchasing capacity trends<br />
3.9.2.1 Rising awareness levels<br />
3.9.2.2 Average hospitalization costs<br />
3.9.2.3 Currency Considerations<br />
3.9.2.4 Availability of Credit<br />
3.9.3 U.S. consumer healthcare expenditure trend<br />
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energy and biotechnology.<br />
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