Market Overview:
The global medical boilers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical boilers from hospitals and healthcare professionals across the globe. Additionally, the growing awareness about energy-efficient medical boilers is also contributing to the growth of this market. The global medical boiler market can be segmented on the basis of type, application, and region. On the basis of type, natural gas-fired medical boilers accounted for a major share of this market in 2017 and are expected to continue dominating during the forecast period as well. This is mainly due to their high efficiency and low emissions when compared with other types of fuel-fired medical boilers such as oil or coal-fired ones.g.
Product Definition:
Medical boilers are used to produce hot water for medical purposes. They are important because they help to sanitize medical equipment and supplies.
Natural Gas:
Natural gas is one of the most abundant elements on earth. It is a colorless and odorless hydrocarbon with an extremely high boiling point. One of the important characteristics of natural gas, which makes it suitable for use in a range of applications including domestic heating and cooking, industrial processes, power generation, transportation fuels and as feedstock for chemical production is that it has a significantly lower carbon footprint than other fossil fuels such as coal or oil.
Oil:
An oil is a liquid that is generally used as a medium to transfer heat in the boilers. The boiler contains the fuel and it's feedstock which are heated to generate steam which then drives an engine. In case of absence of water, most fuels can be used as an oil-based boiler fluid.
Application Insights:
Based on application, the global medical boilers market is segmented into hospitals, healthcare professionals and others. Hospitals held the largest share in 2017 owing to their extensive usage for sterilizing equipment and materials. The rising prevalence of hospital-acquired devices such as surgical drapes, masks, patient gowns has led to an increased demand for heat sterilization processes.
The healthcare professionals' segment is expected to grow at a lucrative rate over the forecast period due to increasing investments in advanced equipment and technology across various developing countries such as India, China Japan Brazil etc., which are further projected to boost product demand globally over the coming years. In addition; these countries have also witnessed significant advancements in science & technology that have improved efficiency & effectiveness of treatments thereby driving demand from other segments including hospitals/healthcare professional globally over next few years or so.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government funding for R&D activities, rising awareness about boilers’ benefits, and growing demand for medical equipment & supplies at hospitals and healthcare professionals' places of work.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to improving healthcare infrastructure in countries such as India, China, Japan, South Korea & Indonesia coupled with rising patient awareness about boilers’ benefits across these nations. In addition, economic development in Asian countries will also boost industry expansion due to growing demand from other end-use industries such as food processing and pharmaceuticals that require high-quality heat transfer equipment like Boilers; Industrial (Medical), which further drives regional growth.
Growth Factors:
- Increasing demand for medical gases and equipment in hospitals and clinics
- Rising number of surgical procedures requiring medical gases
- Growing popularity of minimally invasive surgeries
- Technological advancements in medical boiler designs and controls
- Increasing awareness about the benefits of using medical boilers
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Boilers Market Research Report
By Type
Natural Gas, Oil, Coal
By Application
Hospitals, Healthcare Professionals, Others
By Companies
NIBE, Atlantic, Viessmann, Babcock and Wilcox, Bosch, Smith, Weil-McLain, Miura, Johnston, Lattner, NIBE, Parker, Hurst
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Medical Boilers Market Report Segments:
The global Medical Boilers market is segmented on the basis of:
Types
Natural Gas, Oil, Coal
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Healthcare Professionals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NIBE
- Atlantic
- Viessmann
- Babcock and Wilcox
- Bosch
- Smith
- Weil-McLain
- Miura
- Johnston
- Lattner
- NIBE
- Parker
- Hurst
Highlights of The Medical Boilers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Gas
- Oil
- Coal
- By Application:
- Hospitals
- Healthcare Professionals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Boilers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical boilers are used to produce steam for medical purposes. They use high-pressure water and heat to create a vapor that can be used in various medical procedures.
Some of the major companies in the medical boilers market are NIBE, Atlantic, Viessmann, Babcock and Wilcox, Bosch, Smith, Weil-McLain, Miura, Johnston, Lattner, NIBE, Parker, Hurst.
The medical boilers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Boilers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Boilers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Boilers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Boilers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Boilers Market Size & Forecast, 2020-2028
4.5.1 Medical Boilers Market Size and Y-o-Y Growth
4.5.2 Medical Boilers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Natural Gas
5.2.2 Oil
5.2.3 Coal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Healthcare Professionals
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Boilers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Boilers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Natural Gas
9.6.2 Oil
9.6.3 Coal
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Healthcare Professionals
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Natural Gas
10.6.2 Oil
10.6.3 Coal
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Healthcare Professionals
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Natural Gas
11.6.2 Oil
11.6.3 Coal
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Healthcare Professionals
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Natural Gas
12.6.2 Oil
12.6.3 Coal
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Healthcare Professionals
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Natural Gas
13.6.2 Oil
13.6.3 Coal
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Healthcare Professionals
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Boilers Market: Competitive Dashboard
14.2 Global Medical Boilers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NIBE
14.3.2 Atlantic
14.3.3 Viessmann
14.3.4 Babcock and Wilcox
14.3.5 Bosch
14.3.6 Smith
14.3.7 Weil-McLain
14.3.8 Miura
14.3.9 Johnston
14.3.10 Lattner
14.3.11 NIBE
14.3.12 Parker
14.3.13 Hurst
