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Medical Gas Equipment Market Trends

Report ID: GMI840
Published Date: Oct 2023
Report Format: PDF

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Medical Gas Equipment Market Trends

The rollout of favorable initiatives led by several government and regulatory organizations, such as the U.S. FDA Safety and Innovation Act, to enhance the quality of patient care and ensure safety will enhance the market growth. Numerous government research agencies are also allocating fundings for R&D activities related to medical gas equipment for innovations and the development of safer and effective devices. To cite an instance, in November 2021, UNICEF joined forces with Oxygen CoLab for driving the development of novel and innovative robust oxygen concentrators to cater to uses in low-resource settings.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Medical gas equipment industry size was USD 2.8 billion in 2022 and may expand at 7% CAGR from 2023 to 2032, driven by the rapid growth of the elderly population driven by the expanding healthcare infrastructure.

The hospital segment may exceed USD 2 billion by 2032 owing to the higher adoption of cutting-edge medical equipment.

North America medical gas equipment industry size is expected to expand at 6.7% CAGR from 2023-2032 driven by the rising burden of respiratory conditions, mainly in the U.S.

Some of the key medical gas equipment industry players include Allied Healthcare Products Inc., Air Liquide S.A., Amico Group of Companies, Atlas Copco Group, Colfax Corporation, GENTEC (Shanghai) Corporation, Linde plc, Tenex Capital Management, and Rotarex S.A