Medical Gas Equipment Market share to grow at 7.7% CAGR from 2016 to 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024
KeyInsights from Medical Gas Equipment Market: • Medical Gas Equipment Market to see huge growth opportunities due to advancements in the pharmaceutical industry and rising geriatric population. • According to Global Market Insights, Inc. “Medical gas equipment market is projected to witness a CAGR of 7.7% over the period of 2016-2024.” • Medical gas equipment has wide range of applications in biotechnology and pharmaceutical industry, such as drug discovery and development, cell culture study, and pharmaceutical manufacturing, which in turn will drive the industry growth. • The U.S. medical gas equipment market is anticipated to surpass USD 2.4 billion by 2024. • Europe being the second largest revenue generating region in 2015, is estimated to surpass USD 1.9 billion by 2024. • Asia Pacific region is also poised to observe escalating gains from China medical gas equipment market which is projected to grow at an annual rate of 10% over the period of 2016-2024.
Continued... • Major products in the medical gas equipment industry include manifolds, outlets, vacuum systems, masks, medical air compressors, regulators, and cylinders. • Major products in the medical gas equipment industry include manifolds, outlets, vacuum systems, masks, medical air compressors, regulators, and cylinders. • Medical mask is another profitable product segment of the medical gas equipment industry growing at an annual rate of 9.2% over the period of 2016-2024. • Due to its low manufacturing cost and high demand, the medical masks sector is likely to be the fastest growing segment of the industry. • Increasing healthcare spending capacities in the emerging economies such as India and China will hold high growth potential for the medical gas equipment industry. • Global medical gas equipment market share is highly consolidated with key players such as Air Liquide and Linde Gas accounting for over 38% of industry revenue in 2015. Other key industry participants include Praxair, BeaconMedaes, Air Products and Chemicals, Matheson Tri-Gas, and Air Gas.
Table of Content: Chapter 1. Methodology and Scope 1.1. Research Methodology 1.1.1. Initial data exploration 1.1.2. Statistical modeling and forecast 1.1.3. Industry insights and validation 1.2. Data Sources Chapter 2. Executive Summary 2.1. Medical Gas Equipment Market 3600 synopsis, 2012 - 2024 2.1.1. Business trends 2.1.2. Regional trends 2.1.3. Product trends
Table of Content: Chapter 3. Medical Gas Equipment Industry Insights 3.1. Industry segmentation 3.2. Industry Size and forecast, 2012 - 2024 3.3. Industry impact forces 3.3.1. Growth drivers 22.214.171.124 Growing base of geriatric population base 126.96.36.199 Increasing demand for home healthcare and point of care diagnostics 188.8.131.52 Implementation of the U.S. Food and Drug Administration Safety and Innovation Act 184.108.40.206 Presence of untapped opportunities in emerging economies 220.127.116.11 Favorable initiatives undertaken by organizations such as CGA and GAWDA 3.3.2. Industry pitfalls 18.104.22.168. Rising incidences of medical gas and equipment theft 22.214.171.124. Shortage of Helium
Table of Content: 3.4. Growth potential analysis 3.5. Porter’s analysis 3.6. PESTEL analysis 3.7. Company Market Share Analysis, 2015 3.8. Pipeline outlook 3.9 Microeconomic Factors Affecting Market Growth 3.9.1 Healthcare expenditure level trends 3.9.2 Healthcare establishment purchasing capacity trends 126.96.36.199 Rising awareness levels 188.8.131.52 Average hospitalization costs 184.108.40.206 Currency Considerations 220.127.116.11 Availability of Credit 3.9.3 U.S. consumer healthcare expenditure trend
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