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    Medical Air Compressor Market Report

    Medical Air Compressor Market Report
    Report code - SRHL228 Delivery - 2 Weeks
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    Global Medical Air Compressor Market, Dynamics, Market Analysis
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    Market Insights

    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)

    Medical-Air-Compressor-Market-Forecast

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    What is a Medical air compressor?

    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

    Key players operating in the global Medical Air Compressor Market are-

    • 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).

    Market Dynamics

    The widespread use of air compressors in all hospitals for various day-to-day operational functions is propelling market growth.

    • The growth of the global medical air compressor market is primarily driven by increasing demand for clean and sanitary air specifically for patients.
    • Increasing investment in building healthcare infrastructure particularly in developing countries is expected to create lucrative opportunities for the market players.
    • Growing emphasis on product innovations the prominent noticed in the global medical air compressor market.

    Segment Analysis

    Application Trends

    Based on product type, the market has been segmented into lab air systems and lab vacuum systems.

    • The lab air systems segment accounted for the largest market share in 2020 owing to increasing demand for clean air in the hospitals particularly for the patient’s health and wellbeing.
    • The lab vacuum system is projected to register healthy CAGR during the review period.

    Regional Trends

    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.

    • The market growth can be attributed to the presence of an established healthcare industry and high demand for innovative and technologically advanced products.
    • The market in Asia-Pacific is expected to increase at a healthy CAGR during the review period on account of expanding healthcare infrastructure due to increased spending on healthcare coupled with rising per capita disposable income.

    COVID-19 Impact on Global Medical Air Compressor Market

    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.

    Critical Questions Answered in the Report

    • What are the key trends in the global medical air compressor market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on global medical air compressor market?
    • What are the key strategies adopted by the major vendors to lead in the global medical air compressor market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the Global Medical Air Compressor market hopes to have the greatest opportunity to convert-

    • Medical air compressor manufacturers
    • Medical air compressor suppliers
    • Medical air compressor distributors
    • Organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    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.

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