Medical gas pressure regulator market size was estimated at USD _43.7 million in 2020 and is forecast to reach USD _87.9 million by 2027, growing at a CAGR of _9.6%.
A medical gas pressure regulator is a small device known as a valve that has a pressure regulator integrated into it. This valve is then used to reduce the pressure of a high pressured gas cylinder to lower pressure in order to deliver this gas to patients. This has many uses and can be found in hospitals, clinics, ambulances, and other emergency transportation.
There has been a huge increase in demand for medical gas pressure regulators due to the increasing number of accidents that happen to cause ambulances to deliver patients to a hospital. There has also been a huge increase this year in medical gas pressure regulators due to the fact that there has been a huge increase in coronavirus patients. This is because coronavirus is a respiratory virus and therefore targets the lungs which means patients need oxygen to be supplied to them.
The problem with this increase in demand is that suppliers are unable to meet this increase causing many hospitals to be short of this valuable resource. This, in turn, means that hospitals will be unable to supply oxygen to all of its patients and will need to determine who is the most likely to survive and prioritize those patients.
Medical Gas Pressure Regulatrors Market Growth and Trends
Increasing prevalence of chronic diseases, increasing the incidence of respiratory issues because of excessive use of tobacco use and increasing pollution levels, growth in the geriatric population, rising cases of preterm births, and increasing demand for home healthcare are anticipated to drive market growth for medical gas pressure regulators in the coming years. As per the pure gases type, the oxygen segment is most likely to grow at the highest CAGR during the next few years. The growth in this segment can be primarily attributed to the presence of a large number of patients suffering from respiratory illnesses and increasing number of patients in emergency medical care. In terms of delivery, the pure gases in high-pressure cylinders segment are likely record the highest CAGR in the coming years owing to the increased use of these devices in hospitals as well as home healthcare setups. As per type of medical gas mixtures, the therapeutic applications segment is anticipated to account for the largest market share. A huge increase in the number of chronic illnesses, high proportion of patients untreated, and the rising aging population will lead the therapeutic applications segment sees undeterred growth mainly owing to the high prevalence of cardiovascular and respiratory diseases, which has led to increased consumption of medical gases and equipment. As per end user, the hospitals segment accounts for the largest market share for medical gas pressure regulators mainly owing to very high utilization of medical gases and equipment by hospitals due to the presence of a large patient pool. The pandemic situation guarantees accelerated demand and therefore steep market growth.
The high cost of medical gas pressure regulators can be a deterrent in the market growth. However, with increased government funding and initiatives to foster the healthcare sector across the globe, the challenge remains controlled.
Medical Gas Pressure Regulators Market Competition
Key companies operating in this industry are Emerson, Ceodeux Meditec, Amico, Essex Industries, Praxair, Flow-Meter, DELTA P, Greggersen, VTI Ventil, Genstar, Megasan Medical and Harris.
• Medical Gas Pressure Regulators Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Medical Gas Pressure Regulators Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Oxygen Pressure Regulators
• Nitrous Oxide Pressure Regulators
• Medical Air Pressure Regulators
• Other Gas Pressure Regulators
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Home Care
Country (Revenue, USD Million, 2020 - 2027)
• United States
• South Korea
• Rest of Asia Pacific
• Rest of Europe
• Rest of South America
The Middle East and Africa
• Saudi Arabia
Medical Gas Pressure Regulators Market Companies
• Ceodeux Meditec
• Essex Industries
• DELTA P
• VTI Ventil
• Megasan Medical
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