Medical Gas Systems Market Demand Worth USD 8 Bn by 2026: Global Market Insights, Inc.

SELBYVILLE, Del., April 2, 2020 (Newswire.com) - ​​​Global Market Insights, Inc. has recently added a new report on the medical gas systems market which estimates the global market valuation for medical gas equipment will cross US$ 8 billion by 2026. The rise in the adoption of medical gas & equipment globally owing to the advent of various respiratory diseases have augmented market growth. With an increasing number of elderly people, the need for chronic diseases management will grow. As the number of chronic cases such as diabetes, blood pressure, coronary heart diseases, respiratory diseases will increase, the demand for medical gas equipment will increase in the future.

The product segment is classified into manifolds, outlets, hose assemblies and valves, alarm systems, cylinders, flowmeters, regulators, medical air compressors, vacuum systems and masks. Regulators are expected to register a consider growth rate during the analysis timeframe due to increased used of regulators in each medical case. Most specialty gases are supplied in cylinders compressed to high pressures. Regulators are critical for both the safety and effectiveness of operating systems. Constant technological improvement to develop high-quality regulators will drive segmental growth. Pressure regulators reduce the pressure within the cylinders to a level that can be safely used in the operating system of various healthcare settings.

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Hospitals dominated the market in 2019 due to the rising diagnostic as well as surgical procedures being conducted in hospitals. Also, new clinical trials conducted in multi-specialty hospitals will provide opportunities to the patients to explore new experimental therapies, thereby fostering segmental growth. Increasing demand for respiratory treatments will lead to the employment of advanced medical equipment, thereby boosting segmental growth.

The medical gas systems market in the European region is expected to grow at a stable pace during 2020-2026. A major factor driving the Europe medical gas systems market is the increasing prevalence of respiratory disorders coupled with the availability of well-developed healthcare infrastructure. High funding for advanced healthcare research coupled with propensity for adoption of technologically advanced products is increasing across the European region in the last few decades. Advanced medical gas equipment systems improve precision and control, thereby offering patients a better therapeutic outcome.

Moreover, increasing industry-hospital collaborations and favorable reimbursement policies in European countries will favor industry growth in the region throughout the forecast timeframe. According to the European Lung Foundation (ELF) estimates, annually, about 600 thousand people in Europe die due to respiratory diseases and according to Health Europa, about 8.2% of the total deaths were due to respiratory diseases in the European region. Also, the presence of key industry manufacturers in Europe will upsurge medical gas equipment industry growth in the foreseeable future.

Browse key industry insights spread across 145 pages with 156 market data tables & 9 figures & charts from the report, “Medical Gas Systems Market Share & Forecast, 2020– 2026” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/medical-gas-equipment-market

Some major findings of the medical gas systems market report include:

• The uptake of medical gas equipment is maximum across the U.S. due to the increase in surgeries, laboratory tests, diagnostic procedures as well as in emergency actions.
   
• The recent technological advancements have helped many major players in developing cost-efficient medical gas equipment, thus increasing the number of novel products launched in the market.
   
• Favorable medical devices regulations in developing nations as well as in developed economies has resulted in the rapid adoption of equipment such as alarm systems and regulators.

A few notable companies operating in the medical gas systems market share include Allied Healthcare Products Inc., Amico Corporation, Atlas Copco Group, Gentec Corporation, Linde Group, Taiyo Nippon Sanso Corporation and Powerex among others. Industry players are focusing on various strategies such as novel product launches, strategic partnerships and business expansion to consolidate their market presence. For instance, in January 2020, nexAir acquired Lind LifeGas. The acquisition helped the company to expand in various U.S. states such as Kentucky, Georgia, Alabama, Florida and Tennessee.

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Partial chapters of report table of contents (TOC):

Chapter 2.  Executive Summary

2.1. Medical gas equipment industry 360⁰ synopsis, 2015 – 2026

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  End-use trends

2.1.4.  Regional trends

Chapter 3.  Medical Gas Equipment Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1.  Increase in geriatric population

3.3.1.2.  Growing demand for home healthcare and point of care diagnostics

3.3.1.3.  Favorable initiatives undertaken by government organizations

3.3.1.4.    Presence of untapped opportunities in emerging economies

3.3.2.  Industry pitfalls & challenges

3.3.2.1.  Complex and stringent regulatory process

3.4. Growth potential analysis

3.4.1. By product

3.4.2.  By end-use

3.5. Porter’s analysis

3.6. Competitive landscape, 2019

3.6.1. Market structure

3.6.2.  Competitive matrix analysis

3.7. PESTEL analysis

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

GMIPulse, our business analytics platform offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top-level categories and hundreds of industry segments within them, covering regional, company level and cross-sectional statistics that make our offering a stand-out for decision-makers.

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Global Market Insights, Inc.
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Source: Global Market Insights, Inc.