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Report ID: SQMIG45B2059
Report ID:
SQMIG45B2059 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
Currently, North America holds a dominant position in the global medical gas equipment market. The region is characterised by well-established healthcare infrastructure, a high level of awareness regarding advanced medical technologies, and favourable reimbursement policies. The US, in particular, contributes significantly to the market share in North America due to its robust healthcare system and the presence of major market players. The region's dominance can also be attributed to the increasing prevalence of chronic respiratory diseases, a growing geriatric population, and the emphasis on improving healthcare facilities.
Asia Pacific is emerging as the fastest-growing region in the global medical gas equipment market. Countries such as China, India, and Japan are witnessing rapid market growth due to several factors. These include increasing investments in healthcare infrastructure, rising disposable income, a large patient pool, and a growing focus on enhancing healthcare facilities. Moreover, the Asia Pacific region is experiencing a surge in medical tourism, driving the demand for advanced medical gas equipment. The presence of a large number of local manufacturers offering cost-effective products also contributes to the region's growth potential.
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Report ID: SQMIG45B2059