About Medical gas system
Gases utilised in medical treatments are known as medical gases. Some are used for anaesthetic, some for therapy, and some are used to operate medical equipment and gadgets. Vacuum suction and anaesthetic gas scavenging systems are further components of the medical gas system. Medical facilities, life sciences, long-term care, and laboratories all depend on medical gases and equipment. The market consists of medical pure gases, medical gas mixtures, and machinery for storing, delivering, and transporting medical gases. Due to the increasing frequency of respiratory disorders, growing elderly population, high prevalence of tobacco use, urbanisation, rising pollution levels, and changing lifestyles, the market for medical gases and equipment is expanding significantly. Players in the medical gases & equipment market should see chances for expansion as the demand for at-home healthcare grows.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market's fragmented structure has a negative impact on profitability and product visibility. Therefore, it has been noted that a number of multinational manufacturers concentrate on inorganic growth tactics through mergers and acquisitions to increase their geographical penetration. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical gas system market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tri-Tech Medical Inc (United States), Praxair, Inc. (United States), G.Samaras S.A (Greece), MEC Medical (United Kingdom), DRE Medical (United States), The Linde Group (Germany), Air Liquide (France), Air Products and Chemicals, Inc. (United States), Atlas Copco AB (Sweden) and Taiyo Nippon Sanso Corporation (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Medical gas system market by Type (Medical Center Oxygen Supply System, Medical Center Attraction System and Medical Air Compression System) and Region.
On the basis of geography, the market of Medical gas system has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Medical Gases, the sub-segment i.e. Oxygen will boost the Medical gas system market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Medical gas system market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Medical gas system Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rapidly Growing Health Issues
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Restraints | - Declining Federal Reimbursement for Respiratory Therapies
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Road Blocks / Challenges | - Stringent Regulations and Standards Pertaining To Medical Gas System
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Gaps & Opportunities | - Technological Advancements in Medical Science
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Market Leaders and their expansionary development strategies
In 2021, the largest oxygen-producing plant in South Africa will be purchased by Air Liquide S.A. Strategically, Air Liquide and Sasol agreed that Air Liquide would acquire and run the plant. This plan is anticipated to improve the company's total manufacturing capability and solidify its position in the market.
Key Target Audience
Medical Gas System Manufacturers, Raw Material Suppliers, Distributors, Government Regulations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.