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    Asia Pacific Medical Gas Equipment Market Forecast 2028 By Product (Manifolds, Outlets, Hose Assemblies and Valves, Alarm Systems, Cylinders, Flowmeters, Regulators, Medical Air Compressors, Vacuum Systems), By End-use (Hospitals, Clinics, Ambulatory Surgical Centers), Research Report, Country Outlook (Japan, China, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam, South Korea), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: May 2022   |   Report ID: GR2125   |   Delivery: PDF  Request Free Sample

    Asia Pacific Medical Gas Equipment Market size crossed USD 585.7 million in 2021 and is anticipated to exhibit a CAGR of 7.8% from 2022 to 2028. Increasing geriatric population across the Asia Pacific region is expected to boost the market demand.

    Asia Pacific Medical Gas Equipment Market

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    Presence of untapped opportunities in emerging economies such as India and China will supplement the market growth. For instance, rising healthcare expenditure from public and private authorities, particularly in India and China, attracts global medical gas equipment manufacturers to expand their operations in the region. Also, various medical gas equipment companies are focusing on untapped market of Asia-Pacific and Middle East & Africa region due to huge growth opportunities.

    Asia Pacific Medical Gas Equipment Market, By Product

    The manifolds segment will likely showcase 8.1% growth rate during the forecast timeframe. Medical gas manifolds are used and designed to supply the right volume and pressure of gas from gas tanks or cylinders to a healthcare facility’s pipeline system. Thus, manifolds play a crucial role in the supply of medical gases. Furthermore, increasing prevalence of chronic diseases will spur the demand of medical gas equipment in the healthcare facilities, thereby accelerating the market revenue.

    Asia Pacific Market, By Country

    China medical gas equipment market size will grow at 8.7% CAGR to surpass USD 294.2 million by 2028, owing to the presence of regional and small players of medical gas equipment. Moreover, growing disposable income along with increasing volume of surgeries in the country are few major factors for the adoption of medical gas equipment. For instance, according to the Macrotrends LLC report, in 2021, the per capita disposable income of residents in China reached USD 5,511.6.

    Competitive Industry Landscape

    Prominent participants operating across the Asia Pacific market include Air Liquide S.A., Allied Healthcare Products Inc., Amico Group of Companies, Atlas Copco Group, Coflax Corporation (GCE Group AB), GENTEC (Shanghai) Corporation, Linde plc, Rotarex S.A., and Taiyo Nippon Sanso Corporation, among others. Companies undertake various strategies such as new product launch, mergers, acquisitions, collaborations, geographic expansions to strengthen their market position.

    Frequently Asked Question(FAQ) :

    How big is Asia Pacific medical gas equipment market?
    The market size for medical gas equipment in Asia Pacific was crossed USD 585.7 million in 2021 and is predicted to exhibit 7.8% CAGR during the forecast period of 2022-2028.
    How will the demand for manifolds impact APAC medical gas equipment industry?
    The industry size for medical gas equipment in Asia Pacific from manifolds will record 8.1% CAGR through 2028 as these products are designed and used to supply the right pressure and volume of gas from tanks or cylinders to a hospital’s pipeline system.
    Why is China a viable market for medical gas equipment?
    The industry for medical gas equipment in China will showcase 8.7% CAGR through 2028 due to the strong presence of local and regional manufacturers of medical gas devices.
    Who are the leading producers of medical gas equipment?
    Amico Group of Companies, Allied Healthcare Products Inc., Air Liquide S.A., Atlas Copco Group, Linde plc, and Taiyo Nippon Sanso Corporation, among many others, are the major participants in this market.

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