Medical Gas Equipment Market Size to Grow by $ 3.79 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the medical gas equipment market and it is expected to grow by $ 3.79 bn, decelerating at a CAGR of almost 11% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Medical Gas Equipment Market: Key Market Driver

One of the primary factors that will trigger the growth of the medical gas equipment market size is Growing POCD and home healthcare markets. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Medical Gas Equipment Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Air Products and Chemicals Inc., Allied Healthcare Products Inc., Amico Group of Companies, Atlas Copco AB, GCE Holding AB, LAIR LIQUIDE SA, Linde Plc, Messer Group GmbH, SOL Spa, and Taiyo Nippon Sanso Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerate at a CAGR of almost 11%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 3.79 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Growing POCD and home healthcare markets will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, and ROW are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   43% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are Air Products and Chemicals Inc., Allied Healthcare Products Inc., Amico Group of Companies, Atlas Copco AB, GCE Holding AB, LAIR LIQUIDE SA, Linde Plc, Messer Group GmbH, SOL Spa, and Taiyo Nippon Sanso Corp.
    
7. What are the market segments covered in this report?
   The market is segmented by End-user (Hospitals and clinics, Home healthcare, Pharmaceutical and biotechnology companies, and Academic and research institutions) and Geography (North America, Europe, APAC, and ROW)