Published Date: 2022-05-17
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APAC Medical Gas Equipment Market size is poised to surpass USD 980.5 million by 2028, according to a latest forecast report by Graphical Research.
Rising prevalence of chronic respiratory disease and other chronic lung disease is expected to boost the market growth. For instance, according to the Centers for Disease Control and Prevention (CDC), chronic obstructive pulmonary disease (COPD) is the second most leading cause of deaths in Japan, Singapore and other parts of the region. Similarly, growing government support on enhancing healthcare services and upgradation of healthcare infrastructure especially in countries such as India, South Korea and Singapore, among others is expected to contribute to the market size.
The vacuum system segment accounted for 15% market share in 2021. Vacuum system is used as an integral part of healthcare organization. They are commonly used in anesthesia, surgery and in intensive care units that is connected to the central vacuum system. Also, it is used for plasma sterilization in hospitals settings. Thus, the widespread application of vacuum system, is expected to increase the demand. Furthermore, oxygen is one of the most widely used gases for life support as well as respiratory therapies. Thus, introduction of novel medical gas equipment has largely assisted professionals operating in this space.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/2125/asia-pacific-medical-gas-equipment-market
The ambulatory surgical centers segment held over USD 197.8 million revenue in 2021. Elderly population requires effective care management as elderly individuals are susceptible to different chronic diseases. Therefore, increasing geriatric population will positively impact on the market value. Moreover, availability and surging demand for minimally invasive treatments for better patient management and care further accelerates the industry growth.
Japan medical gas equipment industry will reach USD 274.5 million revenue by 2028, owing to availability of advance healthcare facilities along with availability of companies in the country. Moreover, the implementation of current good manufacturing practices (cGMP) for the manufacturing of medical gases and equipment by Institute of Good Manufacturing Practices India (IGMPI) is anticipated to further boost the industry expansion. Furthermore, increasing cases of infectious disease such as viral and bacterial infections in the country may create a huge demand for medical gas equipment in various life care settings.
The medical gas equipment in APAC market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2028, for the following segments:
Asia Pacific Market, By Product
Asia Pacific Market, By End-use
The above information has been provided for the following countries:
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