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NEW YORK , Sept. 20, 2022 /PRNewswire/ -- The global medical gas blenders market size is expected to grow by USD USD 528.37 million between 2021 and 2026, accelerating at a CAGR of 5.44% during the forecast period. The report considers various factors including recent developments in the healthcare equipment industry, prevalence rate of diseases, patient population, revenue generated by vendors, current healthcare expenditure, and other important aspects to estimate the market size. Understand the scope of the full report. Download PDF Report Sample
Our medical gas blenders market report covers the following areas:
The market is fragmented due to the presence of several vendors occupying the competitive landscape. Key vendors hold a significant share in the market. They are adopting several strategies, including M&As, partnerships, and new product launches to expand their product portfolios and geographical reach. During the forecast period, the competition in the market is expected to increase with the rising demand for healthcare products and solutions.
Technavio identifies Armstrong Medical Ltd., BioMed Devices, DEHAS Medical Systems GmbH, EKU Elektronik GmbH, Genstar Technologies Co., Guangdong Pigeon Medical Apparatus Co. Ltd., Halma Plc, HVS Oliver Hornla GmbH and Co. KG, Inspiration Healthcare Group Plc, MCQ Instruments, medin Medical Innovations GmbH, Ningbo Dawei Medical Equipment Co. Ltd., Ohio Medical, Precision Medical Inc., S S Technomed P Ltd., Sechrist Industries Inc., SHANGHAI AMCAREMED TECHNOLOGY Co. Ltd., Weyer GmbH, WITT Gasetechnik GmbH and Co KG, and Zhengzhou Dison Instrument And Meter Co. Ltd. as some of the major market participants.
The market is driven by factors such as the growing number of surgeries due to the rising prevalence of chronic diseases, the increasing popularity of respiratory gas blenders, and the growing demand for medical gases for therapeutic and diagnostic applications. However, stringent regulations, concerns about maintenance, and intense competition between vendors, and competitive pricing pressures will challenge the growth of the 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 positions in the slow-growing segments.
The global medical gas blenders market is segmented as below:
The market growth in the dual flow segment will be significant over the forecast period. Dual flow medical gas blenders are used to carry the finest air, oxygen, and other medical gases for therapies. They are mostly used in NICU for neonatal care. The demand for dual-flow gas blenders is increasing due to the rising prevalence of premature births. In addition, technological advances are expected to propel the growth of the segment during the forecast period.
North America will emerge as the dominant region, occupying 37% of the global market share. The growth of the regional market can be attributed to the increasing prevalence of diseases such as sleep apnea, chronic obstructive pulmonary disease (COPD), asthma, hyperbaric oxygen, and respiratory failure among newborns. In addition, expanding geriatric population and the increasing number of surgeries are fostering the growth of the medical gas blenders market in North America .
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We provide a detailed analysis of around 25 vendors operating in the medical gas blenders market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research reports on the medical gas blenders market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Medical Gas Blenders Market Scope
Accelerate at a CAGR of 5.44%
North America, Europe, Asia, and Rest of World (ROW)
US, Canada, Germany, China, and India
Leading companies, competitive strategies, consumer engagement scope
Armstrong Medical Ltd., BioMed Devices, DEHAS Medical Systems GmbH, EKU Elektronik GmbH, Genstar Technologies Co., Guangdong Pigeon Medical Apparatus Co. Ltd., Halma Plc, HVS Oliver Hornla GmbH and Co. KG, Inspiration Healthcare Group Plc, MCQ Instruments, medin Medical Innovations GmbH, Ningbo Dawei Medical Equipment Co. Ltd., Ohio Medical, Precision Medical Inc., S S Technomed P Ltd., Sechrist Industries Inc., SHANGHAI AMCAREMED TECHNOLOGY Co. Ltd., Weyer GmbH, WITT Gasetechnik GmbH and Co KG, and Zhengzhou Dison Instrument And Meter Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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