NEW YORK , Oct. 8, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The Global Medical Gas Cylinder Market size is estimated to grow by USD 3.26 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 11% during the forecast period. Growing need for medical gas cylinders during chronic disease treatment and surgeries is driving market growth, with a trend towards rise in number of hospitals and surgical centers. However, stringent regulatory requirements associated with medical gas cylinders poses a challenge - Key market players include Advanced Material Systems Co.
, Air Liquide SA, Air Products and Chemicals Inc., Atlas Copco AB, B.N.
O.S. Meditech Ltd.
, CIMC ENRIC Holdings Ltd., DCC plc, Everest Kanto Cylinder Ltd., Faber Industrie SPA, HERSILL SL, Invacare Corp.
, Koninklijke Philips N.V., Lianyungang Zhongfu Lianzhong Composites Group Co.
Ltd., Linde Plc, Luxfer Holdings Plc, Messer SE and Co. KGaA, Mitsubishi Chemical Group Corp.
, Rama Cylinders Pvt. Ltd., Sinoma Science and Technology Co.
Ltd., and Worthington Industries Inc..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Market Driver The global medical gas cylinder market is experiencing significant growth due to the increasing number of hospitals and surgical centers in both developed and developing countries. In the UK, a USD 4.
3 billion investment was announced .