$14.5 Billion Worldwide Medical Gases and Equipment Industry to 2027 – Impact of COVID-19 on the Market – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Feb 24, 2021–
The "Medical Gases and Equipment – Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com’s offering.
The publisher brings years of research experience to the 9th edition of this report. The 173-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Medical Gases and Equipment Market to Reach $20.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Medical Gases and Equipment estimated at US$14.5 Billion in the year 2020, is projected to reach a revised size of US$20.3 Billion by 2027, growing at a CAGR of 5% over the period 2020-2027.
Gases, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$13.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Equipment segment is readjusted to a revised 5.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 4.7% CAGR
The Medical Gases and Equipment market in the U.S. is estimated at US$4.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2027 trailing a CAGR of 4.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 3.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
Competitors identified in this market include, among others:

  • Air Liquide SA
  • Air Products and Chemicals, Inc.
  • Airgas, Inc.
  • Atlas Copco AB
  • GCE Group AB
  • Matheson Tri-Gas Inc.
  • Messer Group GmbH
  • Praxair, Inc.
  • SOL Spa
  • The Linde Group

Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Medical Gases and Equipment Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION

  • Total Companies Profiled: 38

For more information about this report visit https://www.researchandmarkets.com/r/3ufr53
View source version on businesswire.com:https://www.businesswire.com/news/home/20210224005566/en/
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KEYWORD:
INDUSTRY KEYWORD: MEDICAL SUPPLIES HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 02/24/2021 07:32 AM/DISC: 02/24/2021 07:32 AM
http://www.businesswire.com/news/home/20210224005566/en