OCEAN VIEW, Delaware, November 29, 2016 /PRNewswire/ -- Medical Gas Equipment Market size is estimated to reach USD 7.2 billion by 2024; as reported by Global Market Insights, Inc. (Logo: http://photos.prnewswire.com/prnh/20160418/799556-a ) Strong home healthcare trends resulting into rising demand for packaged medical grade gases, coupled with growing incidence of target diseases should drive the global medical gas equipment market size. Rising geriatric population, implementation of the U.S. FDA Safety and Innovation Act and presence of untapped opportunities in emerging markets of India, China, and Brazil should fuel medical gas equipment market growth. Request for a sample of this research report @https://www.gminsights.com/request-sample/detail/840 Elimination of drug user fee for medical gases and equipment will encourage filing for intellectual property rights and curbing manufacturer's costs, thus increasing profit margins for industry participants. Growing incidence of ailments requiring long term care and surgical interventions should accelerate medical gas equipment market penetration. Vacuum systems held over 30% medical gas equipment market share with USD 1.1 billion in 2015 and anticipated to surpass USD 2.2 billion by 2024. Growing medical gas equipment market penetration coupled with their rising prices will stimulate business segment growth. Medical masks will be the fastest growing segment, owing to their low manufacturing cost and high demand. Other segments such as medical regulators and gas outlets should also manifest strong growth due to rising number of safety initiatives. Increasing disposable incomes associated with economic development and large population size in Asian and East European regions provide lucrative medical gas equipment growth opportunities for the market. For instance, presence of a large labor base and economic growth should offer immense growth opportunities to medical gas and equipment manufacturers.