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Global Medical Gas Equipment Market to grow at 7.7% CAGR from 2016 to 2024

Get more details @ http://bit.ly/2gj1dlf <br>Medical Gas Equipment Market Size By Product, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

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Global Medical Gas Equipment Market to grow at 7.7% CAGR from 2016 to 2024

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  1. Medical Gas Equipment Market share to exceed $7bn by 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights 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.

  3. 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.BraunMelsungen, 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.

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

  5. Browse Full Market Research Report On Medical Gas Equipment Market @ http://bit.ly/2g1wcPp Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/840https://www.gminsights.com/request-sample/detail/49

  6. 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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