Published Date: 2022-05-17
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European Medical Gas Equipment Market size is projected to reach USD 1 billion by 2028, according to a latest forecast report by Graphical Research.
Various government initiatives along with funding from European Union during COVID-19 outbreak will drive the market size. For instance, the European Union (EU) provided financial support to 18 Member States and the UK to transport essential medical items across Europe during the COVID-19 outbreak. The EU funded nearly USD 167 million through the Emergency Support Instrument (ESI). Further, ESI also allowed the EU to finance cargo shipments for transporting life-saving personal protective equipment, medicines and medical equipment including medical gas equipment. Thus, rise in funding during the pandemic across the European region has supplemented the market growth.
Furthermore, introduction of advanced medical gas equipment coupled with installation of backup systems fuels the market demand. For instance, GCE Group launched MediVitop comprising an integrated pressure regulator with cylinder valve. The Medivitop includes a technologically advanced shock resistant gauge. This is used in home healthcare settings and emergency & hospital application, among others.
The medical air compressors segment will register 5.2% CAGR during the forecast period. Medical air compressor is of the component of piped medical gas system that ensures clean, dry, odorless and compressed air. The compressor forces large amount of air into a storage tank with different complex mechanism and plays crucial role in hospital air system. Additionally, the medical compressor is designed to meet high standard criteria and precision that enables the patients to breath and sustain life.
Browse detailed statistical insights from the report, “Europe Medical Gas Equipment Market Forecast 2028 By End-use (Hospitals, Clinics, Ambulatory Surgical Centers), By Product (Manifolds, Outlets, Hose Assemblies & Valves, Alarm Systems, Cylinders, Flowmeters, Regulators, Medical Air Compressors, Vacuum Systems), Research Report, Country Outlook (Germany, UK, France, Italy, Spain, Netherlands, Poland, Russia, Sweden, Denmark, Belgium, Switzerland), 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/2126/europe-medical-gas-equipment-market
The clinics end-use segment will exceed USD 130.5 million revenue by 2028. Clinics are well-equipped with advanced technologies and medical gas equipment, thereby fostering the market expansion. Moreover, a clinic offers expert care and consultation for various chronic diseases including respiratory disorders. Further, with increasing number of patient pool seeking advanced medical care for respiratory disease, the adoption rate of medical gas equipment in clinics.
France medical gas equipment industry accounted for USD 107.9 million revenue in 2021, owing to favorable government initiative coupled with rising geriatric population across the country. Also, growing prevalence of chronic respiratory conditions amongst the teenagers as well as adults due to lifestyle modifications and dietary changes in the country. For instance, as per the French Society of Public Health (SFSC), nearly 20% to 30% of adult & elderly population ensure regular physical activity in the county.
The medical gas equipment in European 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:
Europe Market, By Product
Europe Market, By End-use
The above information has been provided for the following countries:
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