Medical Air Compressor Market Report
The report on the Global Medical Air Compressor Market is segmented by Product Type (Lab Air Systems, Lab Vacuum Systems), Application (Oilless Multiple Scroll Medical Systems, Plants Packaged Systems, Hospitals, Other), and Region. The report also covers the COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Medical Air Compressor market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Global Medical Air Compressor Market is segmented by Product Type (Lab Air Systems, Lab Vacuum Systems), Application (Oilless Multiple Scroll Medical Systems, Plants Packaged Systems, Hospitals, Other), and Region. The report also covers the COVID-19 Impact Analysis and Forecast to 2026....
Impact of COVID-19 on Medical Air Compressor Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Medical Air Compressor Market is expected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of over x% during the forecast period.
Figure: Global Medical Air Compressor Market Size, 2020-2026 (USD Billion)
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A medical air compressor is a device used in hospitals for various purposes such as patient breathing, laboratory use, air filtration in the duct system, sterilization of equipment, and powering hand-held medical tools. Various commercial and industrial grades compressor available in the market are used in hospitals. The selection of air compressors depends on various factors including point of use, frequency of use, and full load air capacity.
Key players operating in the global Medical Air Compressor Market are-
The widespread use of air compressors in all hospitals for various day-to-day operational functions is propelling market growth.
Based on product type, the market has been segmented into lab air systems and lab vacuum systems.
Geographically, the market in North America accounted for the largest market share in 2020 and is projected to continue its dominance during the review period.
Covid-19 outbreak impacted the growth of the Medical air compressor market positively. Medical air compressors are primarily used to deliver good quality air to hospitals. Additionally, high-pressure breathing air machines are used to support in-room air storage cylinders for doctors in hazmat suits. Compressors are also used in medical gas equipment that operates ventilators. All the above factors resulted in increased demand for medical air compressors amid the pandemic.
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Here is the list of the group of customers that the Global Medical Air Compressor market hopes to have the greatest opportunity to convert-
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Werther International (The U.S), Precision Medical (The U.S), Powerex Corp. (Canada), FS-Elliott Co., LLC (The U.S), Sullair (The U.S), EKOM SPOL. S R.O. (Slovakia), FPS Air Compressors (UK), Gardner Denver (The U.S), Hitachi Industrial Equipment Systems Co.,Ltd. (Japan), RIX Industries (The U.S), Atlas Copco (Sweden) and Bambi Air Compressors Ltd (UK) are among the key players in the medical air compressor market.
North America accounted for the largest share of medical air compressor market in 2020.
The lab air system segment accounted for the largest share of medical air compressor market in 2020.
Widespread use of air compressors in all hospitals for various day-to-day operational functions, increasing demand for clean and sanitary air specifically for patients, Increasing investment in building healthcare infrastructure particularly in developing countries are the factors driving the growth of medical air compressor market.
Medical air compressor manufacturers, Medical air compressor suppliers, Medical air compressor distributors, Organizations, Government bodies are the target audience in the medical air compressor market.