The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

 As per The Business Research Company’s Medical Gas And Equipment Global Market Report 2023, The global medical gas and equipment market is expected to grow from $19.32 billion in 2022 to $20.98 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The medical gas and equipment market size is expected to grow to $28.56 billion in 2027 at a CAGR of 8.0%.

What was the major driver in the medical gas and equipment market?
The rising prevalence of respiratory disorders is likely to drive future expansion in the medical gas and equipment market. Respiratory diseases are illnesses that affect the lungs and other components of the respiratory system. Medical gases and equipment are used to treat respiratory disorders; as the prevalence of these diseases rises, so will the market. According to the Centres for Disease Control and Prevention, a US-based national public health body, chronic lower respiratory diseases killed about 152,627 people in the United States in 2020, with a crude rate of 46.3%. As a result, the rising prevalence of respiratory disorders is propelling the medical gas and equipment market forward.

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What was the key trend in the medical gas and equipment market?
Product innovation is a hot trend in the medical gas and equipment sector. To expand their position in the medical gas and equipment sector, major corporations are focusing on developing innovative technological solutions. GCE Healthcare, a Swedish manufacturer of high-pressure gas equipment, for example, launched MediTec, a new high-pressure gas regulator that can deliver up to 25 lpm and can be used to treat cluster headaches and resuscitation, in June 2021. MediTec’s innovative self-centering technology permits the flow of gas to ensure the device flow selector is put between two settings in the case of an unexpected incident. This device provides gas control with a flow selector and the option of a quick connector for various applications.

Which was the largest region in the medical gas and equipment market?
North America was the largest region in the medical gas and equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the medical gas and equipment market prominent players?
Major players in the medical gas and equipment market are Linde PLC., Praxair Inc., Air Liquide S.A., Atlas Copco, Messer Group GmbH, Taiya Nippon Sanso, Gas Control Equipment Ltd., Rotarex Group, SOL Spa, Amico Corp., AIR Products and Chemicals Inc., BeaconMedaes, Flogas Britain Limited, Matheson Tri-Gas Inc. and SCI Analytical.

Key medical gas and equipment market segments
The global medical gas and equipment market is segmented –
1) By Type: Medical Gases, Medical Gas Mixtures, Biological Atmospheres, Medical Gas Equipment
2) By Application: Respiratory, Anesthesia, Medical Imaging, Cryosurgery, Therapeutic, Diagnostic
3) By End-User: Hospitals, Research Institutions, Home Healthcare, Pharmaceutical Industry And Academic, Biotechnology Industry, Emergency Service

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The Medical Gas And Equipment Global Market Report 2023  provides a comprehensive overview on the medical gas and equipment market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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