Medical Gas Equipment Market By Product (Manifolds, Medical Air Compressors, Outlets, Masks) Is Expected To Reach USD 5,313.9 Million By 2020: Grand View Research, Inc.

Share Article

Market Size - $3,117.9 million in 2013, Market Growth - CAGR of 8.0%, Market Trends - Growing demand for mobile oxygen therapy - New report by Grand View Research. View full report with TOC - http://www.grandviewresearch.com/industry-analysis/medical-gas-equipment-market

Grand View Research

Growing demand for emergency medical care is expected to drive market growth during the forecast period

Global medical gas equipment market is expected to reach USD 5,313.9 million by 2020, according to a new study by Grand View Research, Inc. Growing prevalence of chronic respiratory diseases such as pulmonary disorders, cystic fibrosis and emphysema coupled with increasing geriatric population base is expected to drive medical gas equipment market demand. Introduction of technologically advanced product such as new integrated multifunctional and convenient medical gas cylinders is also expected to drive market demand by catering to the changing requirements of healthcare practitioners.

View full report with TOC at http://www.grandviewresearch.com/industry-analysis/medical-gas-equipment-market

Further key findings from the study suggest:

  • Global medical gas masks market is expected to grow at the highest CAGR of 9.7% during the forecast period, owing to increasing usage rate by patients for medical gas administration. Cylinders are also expected to grow at a CAGR of over 8.0% during the forecast period due to increasing demand for portable and lightweight cylinders with audible and visible alert mechanisms.
  • North America was the largest regional medical gas equipment market, in terms of revenue in 2013, owing to the presence of industry friendly organizations such as Compressed Gas Association (CGA) and the Gases and Welding Distributors Association (GAWDA) and sophisticated healthcare infrastructure. Rising prevalence of lifestyle habits such as growing number of global smokers, rising incidences of obesity and dietary irregularities are responsible for the growth of respiratory disease in this region.
  • Asia Pacific is expected to be the most attractive regional market over the forecast period, growing at an estimated CAGR of over 9% from 2014 to 2020. Growing demand for home healthcare and point of care based treatments especially for respiratory disorders and improving healthcare infrastructure in the emerging markets of India and China are some factors attributing to its rapid growth rate. Increasing prevalence of chronic respiratory disorders such as COPD (chronic obstructive pulmonary disorder) and asthma in this region is also expected to drive market growth during the forecast period.
  • Some key players of medical gas equipment market include Air Products and Chemicals Inc, Air Liquide, Praxair Inc., Air Gas Inc., Ohio Medical, BeaconMedaes LLC, Allied Health Care, Medical Gas Solutions, Matheson Tri-Gas inc., Linde Gas and Amico Corp.
  • Major sustainability strategies adopted by these players include introduction of new technologies such as the latest CNC technology and new product development such as LIV IQ for oxygen therapy. Entering into strategic partnerships to offer excellent customer service and expand distribution networks is also one of the key strategies adopted; with Praxair announcing the complete acquisition of PDMA or Praxair Distribution Mid-Atlantic, LLC, in February, 2014.

Request free sample of this report at http://www.grandviewresearch.com/industry-analysis/medical-gas-equipment-market/request

For the purpose of this study, Grand View Research has segmented the global medical gas equipment market on the basis of product and region:

  •      Global Medical Gas Equipment Product Outlook (Revenue, USD Million, 2012 – 2020)

            • Manifolds
            • Outlets
            • Hose Assemblies and Valves
            • Alarm Systems
            • Cylinders
            • Flowmeters
            • Regulators
            • Medical Air Compressors
            • Vacuum Systems
            • Masks

  •      Global Medical Gas Equipment Regional Outlook (Revenue, USD Million, 2012 – 2020)

            • North America
            • Europe
            • Asia Pacific
            • RoW

Browse all reports of this category at http://www.grandviewresearch.com/industry/medical-devices

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. For more information, visit http://www.grandviewresearch.com/

Browse all upcoming reports by Grand View Research at http://www.grandviewresearch.com/ongoing-reports

Related reports by Grand View Research

Peripheral Vascular Devices Market Analysis And Segment Forecasts To 2020 - http://www.grandviewresearch.com/industry-analysis/peripheral-vascular-devices-market

The global market for peripheral vascular devices is expected to reach USD 8,918.8 million by 2020, growing at an estimated CAGR of 7.2% from 2014 to 2020, according to a new study by Grand View Research, Inc. Peripheral vascular devices such as IVC filters, angiography catheters and plague modification devices are used for treating peripheral arterial or coronary arterial diseases caused due to the formation of atherosclerotic plaques in arteries.

Portable X-Ray and CT Scan Devices Market Analysis And Segment Forecasts To 2020 - http://www.grandviewresearch.com/industry-analysis/portable-x-ray-and-ct-scan-devices-industry

he global market for portable X-ray and CT scan devices is expected to reach USD 8,408.0 million by 2020, according to a new study by Grand View Research, Inc. Rising demand for bedside imaging, home healthcare and the growing use of CT scan devices for anatomical confirmation and to assess the accuracy of medical implants during and post interventional medical procedures are two of the most significant growth drivers of this market.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Sherry James
Visit website