The Latin America, Middle East and Africa Medical Gas Equipment Market would witness market growth of 10.3% CAGR during the forecast period (2023-2029).
A significant opportunity for the market is the rising demand for home healthcare services. The need for healthcare services is rising quickly as the population ages. Instead of receiving care in a hospital or clinic setting, many elderly patients prefer to get it in the convenience of their own homes. Patients with chronic diseases like respiratory diseases, which call for ongoing treatment, are especially affected by this. In order to provide patients with oxygen therapy and other respiratory treatments, medical gases are a crucial part of home healthcare services.
As a result, medical gas equipment is projected to be more in demand as demand for home healthcare services increases. Manufacturers of medical gas equipment have a great potential to broaden their product lines and attract new clients as a result. The management and monitoring of medical gas equipment are also improved by introducing RFID tags and barcoding systems for gas cylinders and regulators. Medical gas equipment manufacturing is evolving due to advances in 3D printing technology. Utilizing 3D printing enables the production of intricate designs and unique products that can cater to patients' needs. Additionally, this technology reduces waste and speeds up production.
Large portions of the Middle East are desert. It can get humid and hot in the summer, but in the winter, it can get very cold. These climatic fluctuations can potentially aggravate chronic respiratory disorders in sensitive patients, notably asthmatics. As a result, asthma prevalence in this part of the region is assumed to be considerable, despite the fact that it has not been well studied. The need for diagnostics for infectious respiratory diseases would consequently rise. Additionally, considerable investments in infrastructure and operational changes have been made in the UAE's healthcare sector to position it as a top provider of healthcare services for its citizens and become an attractive location for medical tourism.
The Brazil market dominated the LAMEA Medical Gas Equipment Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $79.3 million by 2029. The Argentina market is experiencing a CAGR of 10.9% during (2023 - 2029). Additionally, The UAE market would exhibit a CAGR of 10% during (2023 - 2029).
Based on Product, the market is segmented into Vacuum Systems/Pumps, Manifolds, Alarm Systems, Cylinders & Accessories, Flowmeters, Medical Air Compressors, Hose Assemblies & Valves, Outlets, Regulators and Masks. Based on End Use, the market is segmented into Hospitals, Pharmaceutical & Biotechnology Companies, Diagnostic & Research Laboratories, Academic & Research Institutions, Ambulatory Surgical Centers and Home Healthcare. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Medical Gas Equipment Market is Projected to reach USD 3.7 Billion by 2029, at a CAGR of 7.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Air Liquide S.A., Atlas Copco AB, Linde PLC, Allied Healthcare Products, Inc., Enovis Corporation, Powerex, Amico Group of Companies, GCE Holding AB (ESAB Corporation), Genstar Technologies Company Inc. and Rotarex S.A.
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