Medical Gas Equipment Market size to exceed $7bn by 2024

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Medical Gas Equipment Market size to exceed 7bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Medical Gas Equipment Market

• Global medical gas equipment market size is
  slated to reach USD 7.2 billion by 2024, from 3.7
  billion in 2015, at an estimated CAGR of 7.7
  from 2016 to 2024.
• Manifolds were over USD 1.1 billion in 2015 on
  revenue, anticipated to surpass USD 2.2 billion
  by 2024 growing at 7.8 from 2016 to 2024.
• U.S. medical gas equipment market size
  contributed for over 80 of North America revenue
  share in 2015. Presence of manufacturer friendly
  organizations such as GAWDA and CGA, and the
  implementation of the U.S. Food and Drug
  Administration Safety and Innovation Act in July
  2012 should contribute to the its largest share.
• Europe medical gas equipment market share was
  second largest revenue generating region in 2015,
  with growth hinged at Germany and U.K.

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Continued...

• China medical gas equipment market size will
  witness strong 10 CAGR from 2016 to 2024 to
  surpass USD 472 million by 2024. Growing
  geriatric population, rising prevalence of
  pulmonary disorders and growing number of medical
  casualties should boost business growth. 
• Global medical gas equipment market rivalry
  should remain higher over the forecast period.
  Extensive presence of local manufacturers,
  limited product differentiation opportunities,
  and entry of manufacturers with strong financial
  muscle should intensify industry competitiveness.
• Global apheresis equipment market is
  oligopolistic in nature characterized by presence
  of large corporations such as B.Braun Melsungen,
  Haemonetics, Fresenius Kabi and Terumo.
• The majority medical gas equipment market share
  was held by Air Liquide and Linde Gas. The other
  notable industry participants include Air
  Products and Chemicals, Praxair, Air Gas,
  Matheson Tri-Gas, and BeaconMedaes.

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U.S. Medical Gas Equipment Market Size, by
Product, 2012- 2024 (USD Mn)

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360 Analysis

• Product Trends
• Vacuum systems was the largest medical gas
  equipment market share segment holding over 31
  industry revenue share, with target market size
  slated to exceed USD 2.2 billion by 2024. The
  large industry share was owing to extensive
  market penetration and high price associated with
  these products.
• Regional Trends
• U.S. medical gas equipment market share was over
  81 in 2015, with target revenue slated to exceed
  USD 2.4 billion by 2024. Improved access to
  healthcare infrastructure, rising demand for
  minimal invasive medical interventions and
  favorable industry initiatives such as
  implementation of U.S. FDA Safety and Innovation
  Act will drive business growth.
• Competitive Market Share
• Global medical gas equipment market share was
  dominated by Air Liquide and Linde Gas in 2015,
  together grabbed over 38 of industry revenue.
  The largest share of Air Liquide should be
  attributed to its extensive product portfolio,
  implementation of robust growth strategies and
  rapid sales growth achieved through investments
  in emerging Asian, and Latin American economies.

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