According to Precision Business Insights (PBI), the latest report the global medical manifolds market size was valued at USD 576.3 million in 2021 and is expected to grow at a significant CAGR of 7.3% during the forecast period 2022 to 2028. Pipeline networks with numerous openings are called manifolds. To boost the supply of gas at the source, manifolds are specially constructed devices that link two or more cylinders to a single pipeline. Medical manifolds have the ability to lower high pressure from cylinders to the required pressure, making their usage in hospital pipelines practical. Medical gases are frequently utilized in hospitals to give patients in intensive care units long-term support (ICUs). It is practical to manufacture medical air on-site rather than storing it in gas cylinders because it is utilized in hospitals in big volumes. The medical gas supply at a hospital must meet strict installation standards and patient safety criteria.
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Medical Manifolds Market Growth Factors:
The primary driver of market expansion is the rising demand for medicinal gases in hospitals and clinics. Additionally, factors including the rising frequency of chronic diseases, the rising elderly population, and the increasing number of surgeries performed will all boost market expansion throughout the course of the projection period. During the projection period, the construction of new medical facilities will also promote market expansion. Additionally, it is anticipated that over the coming few years, the growing demand for home healthcare services would create profitable growth prospects for market participants. During the projected period, the market expansion will be constrained by elements like strict governmental restrictions and the high cost of infrastructure development. Additionally, a workforce shortage will impede market expansion.
Medical Manifolds Market Segmentation:
Medical Manifolds Market: By Product Type (2-Gang Manifold, 3-Gang Manifold, 4-Gang Manifold, and 5-Gang Manifold, and Others), Type (Semi- automatic, Automatic), Application (Interventional Radiology, Interventional Cardiology, Others).
Medical Manifolds Market Regional Analysis:
A large portion of the global market for medical manifolds is located in North America, thanks to the existence of organizations that support the sector there, like CGA and GAWDA. These associations are made up of professionals from the sector that work for reputable companies. By recognizing market trends and putting into practice policies that will ultimately benefit the market, the members of these associations consistently seek to bring value to the market. Due to improved healthcare systems and rising health concerns in the continent, Europe is regarded as the second-largest market for medical manifolds. The region’s dense population and quick growth of the health care infrastructure are two key aspects that will drive the market in Asia Pacific. There are numerous unexplored prospects for nations like India and China due to the high frequency of lung disorders and emergency medical issues.
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Key player’s profiles in the medical manifolds market report are Merit Medical Systems, B. Braun Melsungen AG, ICU Medical, Beijing Demax Medical Technology Co., Ltd, ARGON MEDICAL, Fresenius Kabi AG, Bicakcilar
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