Growing geriatric population, increasing average life expectancy, growing healthcare infrastructure and decreasing fertility, rising prevalence of pulmonary diseases, and technological advancements are key factors contributing to high CAGR during the forecast period.
According to the current analysis of Reports and Data, the global medical gas Apparatus market was valued at USD 4.55 Billion in 2018 and is expected to reach USD 8.06 Billion by the year 2026, at a CAGR of 7.4 %. Medical gases are the life-supporting element which helps in maintaining or saving the patient’s life. It is the supply systems used by end-users to provide or create or distribute medical air in the piping system.
Growth predicts the increased number of individuals seeking treatment for respiratory disease in ambulatory surgical centers. Growing patient, coupled with cutting-edge Apparatus, will render a positive impact on business growth during the forecast. Rising disease burden will positively impact demand for medical air devices, thereby fueling industry growth during the forecast period. Increasing geriatric population, technological advancements in DNA sequencing and analysis will detect causative agents will propel the industrial growth. The growing influence of home healthcare facilities that provide improved convenience for various respiratory diseases will also help drive medical gas Apparatus industry. Due to the Helium Privatization Act in America, the Federal Helium Reserve would be shut down, and the resources would be handed over to the private sector, which would restrain the industrial growth.
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The rapid adoption of AI, ML, and IoT and robust data management processes has made the hospitals and clinical settings smarter. New technologies and solutions have improved the normal medical processes such as clinical diagnosis, treatment, diseases management, and monitoring patient recovery after discharge. Rapid digitalization and increasing adoption of virtual care and telemedicine is further expected to positively impact the revenue growth of the market going ahead.
Emergence of new healthcare and telemedicine startups, increasing number of collaborations among healthcare facilities and research institutions, and rising focus on patient engagement solutions has further fueled revenue growth of the market. Key companies are forming strategic alliances and collaborative ventures such as mergers and acquisitions, joint ventures, partnerships, manufacturing and licensing agreements, and product launches among others.
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Leading Players Analyzed in the Report:
Air Liquide, Allied Healthcare Products Inc., Amico Corp., BeaconMedæs, Gentec Corp., Linde Gas, Matheson Tri-Gas Inc., Ohio Medical, Powerex and Praxair Inc.
Furthermore, to offer a better understanding of the competitive landscape, an extensive SWOT analysis and Porter’s Five Forces analysis are included in the report. Along with this, feasibility analysis and investment return analysis are also covered in the report.
The report further discusses in detail the regional spread of the global Medical Gas Apparatus market along with analysis of production and consumption patterns, import/export analysis, supply and demand ratio, market share and size based on volume and value, trends and demands, revenue share, and presence of the key players of the market.
Key Regions Studied in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Segmentation based on Types:
Product (Revenue, USD Million; 2016–2026)
- Air Compressors
- Masks
- Vacuum Systems
- Manifolds
- Outlets
- Valves and Hose Assemblies
- Alarm Systems
- Cylinders
- Flowmeters
- Regulators
End-Use (Revenue, USD Million; 2016–2026)
- Clinics
- Hospitals
- Research Institutions
- Home Healthcare
- Pharmaceutical Industry
- Biotechnology Industry
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