Medical Gas Equipment Market to Grow At a CAGR of 7.89% during the Period 2012 – 2022

Market-Research

The latest trending report published by Crystal Market Research titled, Medical Gas Equipment Market approximates that the Medical Gas Equipment market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.

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Medical Gas Equipment Market - Report Overview:
The Medical Gas Equipment Market was worth USD 2.90 billion in the year 2012 and is expected to reach approximately USD 6.20 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 7.89% during the forecast period. Growing rates of respiratory issue combined with the advent of positive United States Food and Drug Administration directions is relied upon to drive medical gas equipment market request throughout the following years.

Developing worldwide base of aged populace and expanding commonness of way of life propensities, for example, smoking and absence of physical activity are activating occurrence rates of respiratory issue. World Health Organization (WHO) distributed estimates recommend that the worldwide base of populace of the age group- 65 years or more is required to ascend from 7 percent of every 2000 to 16 percent out of 2050.

Besides, developing interest for healthcare and point of care markets and the resulting presentation of medical devices that are portable are anticipated to support market demand. The global medical gas equipment market is anticipated to witness significant development in the following years.

Fundamental market products incorporate alarm systems, flow meters, masks, hose assemblies & valves, cylinders, manifolds, vacuum system, regulators, medical air compressors and outlets. Medical gas vacuum systems ruled the medical gas equipment market on the basis of revenue in 2013 attributable to expanding utilization rates and higher costs related. Also, masks are distinguished as the most appealing section of the medical gas equipment market. Low costs of manufacturing related with these items combined with high utilization rates are two variables ascribing to its appeal. Regulators and medicinal gas outlets are additionally anticipated that would witness huge development over the estimate time frame.

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Medical Gas Equipment Market - Regional Outlook:
Major regional sections of medicinal gas equipment incorporate Asia-Pacific, Europe, North America and RoW. North America ruled the general therapeutic gas equipment market on the basis of income share in 2013. The existence of advanced healthcare framework, high volume of minimally invasive medical and execution of the United States Food and Drug Administration Safety and Innovation Act are a few elements ascribing to its substantial share.

Medical Gas Equipment Market - Top Major Market Players: 
The global market has a wide existence of local producers who popularize their products in terms of cost by exploiting their pre-built up supply channels. Likewise, the existence of constrained item separation openings and the section of producers with substantial income bases, for example, Atlas Copco are anticipated to keep the business contention at abnormal states all through the conjecture time frame. Some of the major players in the market are The Linde Group, Allied Health Care, Air Liquide India Holding Pvt Ltd, Powerex, Medical Gas Solutions Ltd, Ohio Medical, Praxair, BeaconMedaes, Matheson Tri-Gas and Air Products & Chemicals.

Key Findings of the Research Study:

What was the market size in 2012 and forecast from 2013 to 2022?

What will be the industry market growth from 2013 to 2022?

What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?

What are the major segments leading the market growth and why?

Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Medical Gas Equipment Market - Report’s Magnitude:
This report contains Segment wise in-depth analysis in terms several above-mentioned segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions.

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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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