Global Medical Gases Equipment Market
Market Size in USD Billion
CAGR :
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 Forecast Period |
2023 –2029 |
 Market Size (Base Year) |
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 Market Size (Forecast Year) |
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 CAGR |
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Global Medical Gases-Equipment Market, By Type (Medical Gases, Medical Gas Equipment), Application (Therapeutic Applications, Pharmaceutical Manufacturing and Research, Diagnostic Applications, Other Applications), Product (Manifolds, Outlets, Hose Assemblies and Valves, Alarm Systems, Cylinders, Flowmeters, Regulators, Medical Air Compressors, Vacuum Systems, Masks), End-Users (Hospitals, Home Healthcare, Pharmaceutical and Biotechnology Companies, Academic and Research Institutions, Emergency Services), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Medical Gases-Equipment Market
Data Bridge Market Research analyses that the medical gases-equipment market to be grow at a CAGR of 8.00% in the forecast period of 2022-2029 and is likely to reach the USD 4,838.15 million by 2029.
Medical Gases and Equipment is a category of medical equipment that includes oxygen, nitrogen, and helium, as well as other medical gases. The market for this product can be classified into three categories: pure gas (medical grade), mixtures such as one or more other components, including air, nitrous oxide, and carbon dioxide which are utilized in a variety of medical and healthcare applications.
The rise in the prevalence of chronic disorders such as cancer, diabetes, asthma and cardiovascular disorders will act as major driver accelerating the medical gases-equipment market’s growth rate. The upsurge in incidences of preterm births will increase the demand for medical gases-equipment and further propel the market’s growth rate. Another significant factor resulting in the expansion of market is the upsurge in the number of geriatric population. Furthermore, surging healthcare expenditure and technological advancement are the major drivers that will enhance the growth of market. Likewise, rise in the demand for home healthcare and point of care diagnostics will show positive impact on the market’s growth rate. Rapid urbanisation, changing lifestyle and rise in the level of disposable incomes in developing and developed countries will influence the growth rate of medical gases-equipment market. The rise in the incidences of respiratory diseases as a result of tobacco use and increasing pollution level will flourish the growth rate of medical gases-equipment market.
Moreover, the introduction of advanced medical gas equipment, installation of backup systems and the launch of new products will provide beneficial opportunities for the medical gases-equipment market growth. Additionally, increasing demand from emerging markets and rising number of supportive initiatives by government and private organizations will further expand the medical gases-equipment market’s growth rate in the future.
On the other hand, global helium shortage and complex and strict regulatory process will obstruct the market growth. Also, limited healthcare reimbursement and changes in medical gas calibration standards will challenge the medical gases-equipment market. However, less awareness and large untreated population will act as restrain and further impede the growth rate of market.
This medical gases-equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on medical gases-equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Medical Gases-Equipment Market Scope and Market Size
The medical gases-equipment market is segmented on the basis of type, application, product and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, the medical gases-equipment market is segmented into medical gases and medical gas equipment. Medical gases segment is further sub-segmented into pure medical gases and medical gas mixtures. Pure medical gases on the basis of type are divided into oxygen, carbon dioxide, nitrogen, nitrous oxide, medical air, and helium. Form of delivery segment of the pure medical gases is categorized into high-pressure cylinders, liquid tanks, and bulk delivery. Medical gas mixture segment is divided into blood-gas mixtures, lung diffusion mixtures, nitrous oxide-oxygen mixtures, carbon dioxide-oxygen mixtures, laser-gas mixtures, aerobic gas mixtures, anaerobic gas mixtures, ethylene oxide/sterilant gas mixtures. Medical gas equipment segment is further sub-segmented into equipment accessories, gas delivery systems and cryogenic products. Equipment accessories is further divided into vacuum systems, manifolds, regulators, flowmeters, suction regulators, hoses, valves with integrated pressure regulators, outlets, monitoring systems, and medical air compressors..
- Application segment of the market is divided into therapeutic applications, pharmaceutical manufacturing and research, diagnostic applications and other applications. Therapeutic applications are further sub-segmented into respiratory therapies, cardiovascular therapies, anaesthesia delivery, cryosurgery and other therapeutic applications. Pharmaceutical manufacturing and research segment is further sub-segmented into drug discovery, pharmaceutical manufacturing, process development, and quality control. Diagnostic applications segment is further sub-segmented into medical imaging and general laboratory applications.
- Product segment of the medical gases-equipment market is segmented into manifolds, outlets, hose assemblies and valves, alarm systems, cylinders, flowmeters, regulators, medical air compressors, vacuum systems and masks.
- Based on end-users, the market is segmented into hospitals, home healthcare, pharmaceutical and biotechnology companies, academic and research institutions and emergency services.
Medical Gases-Equipment Market Country Level Analysis
The medical gases-equipment market is analysed and market size insights and trends are provided by country, type, application, product and end-users as referenced above.
The countries covered in the medical gases-equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical gases-equipment market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. This is due to the presence of major key players and well-established healthcare and pharmaceutical sector in this region. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period of 2022-2029 due to the increasing prevalence of chronic diseases, rising health expenditure and improving infrastructure of healthcare sector in this region.
The country section of the medical gases-equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The medical gases-equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical gases-equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical gases-equipment market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Global Medical Gases-Equipment Market Share Analysis
The medical gases-equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical gases-equipment market.
Some of the major players operating in the medical gases-equipment market are Linde plc, Air Products Inc., Air Liquide, Atlas Copco AB, Messer SE & Co. KGaA, GCE Group, Praxair Technology, Inc., SOL SpA, MATHESON TRI-GAS, INC., Rotarex, Medical Gas Solutions Inc., Amico Group of Companies, BeaconMedaes, DCC plc, TAIYO NIPPON SANSO CORPORATION, Ohio Medical, Airgas, Inc., and Allied Healthcare Products, Inc., among others.
Recent Development
In June 2021, GE Healthcare had launched a brand new design for high pressure gas regulator called MediTec. The MediTec regulator, which can provide up to 25 lpm, can be used for both resuscitation and cluster headache treatment.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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