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Global Medical Gases and Equipment Market- By Product (Oxygen, Medical Air, Nitrogen, Carbon Dioxide, Nitrous Oxide, Helium, Ethylene Oxide, Blood-gas Mixture, Cylinder, Hoses, Manifold, Regulator), By Application (Therapeutic, Diagnostics, Pharmaceutical manufacturing and research and Other), By End- Use (Hospitals, Home Healthcare, Pharmaceutical and Biopharmaceutical Companies, Diagnostic and Research Laboratories, Academic Institutes and Research Institutes), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2022-2030.
Global Medical Gases and Equipment Market Overview
The global Medical gas and equipment market is estimated to reach USD 5.25 billion by 2030, growing at a CAGR of 7.85% during the forecast period of 2022-2030. It was valued at USD 2.83 billion in 2022. Medical gas is a gas used directly or indirectly in the pharmaceutical industry, and medical gas equipment used to produce medical gas. Also, medical gases are mainly utilized directly as coolants and disinfectants in patients’ therapeutic procedures. Global medical gases divided into pure medical gases and mixed medical gases. Moreover, the medical gas system refers to a positive pressure system device that produces, stores, and centrally delivers medical gas. Its use for patients or medical equipment through pipelines, and a negative pressure system device that excludes patient body fluids, dirt, therapeutic liquid, and exhaust gas.Global Medical Gases and Equipment Market Insights
The rising chronic respiratory diseases, pollution, smoke, rapid growth of the geriatric population, rising technology, and healthcare industry, and emerging cases of preterm births are deriving the market demand for the global Medical Gases and Equipment market. Medical gas is an essential support for the lifeline of hospital medical services and life-saving. Medical gases mainly include oxygen, nitrogen, carbon dioxide, nitrous oxide, compressed air, vacuum negative pressure suction, etc. It mainly used in operating rooms, intensive care units, general wards, hyperbaric oxygen chambers, ventilators etc. Moreover, the rising population around the world has also affected the market share of the Medical Gases and Equipment market. Factors such as air pollution and smoking habits of some people, the number of patients with lung diseases has increased, and the demand for medical Gases and Equipment has been growing. According to WHO, about 6% of the death caused due to pulmonary diseases and which also predicted that in future (chronic obstructive pulmonary diseases) COPD would become the top three diseases in the world that causes death. Oxygen therapy mainly used for treating COPD and prevents artery hypertension. Therefore, with the increasing prevalence of chronic diseases, oxygen, and other medical gases will be needed to cure respiratory diseases. Thus, the market share of the global Medical Gases and Equipment will bolster in the future. Furthermore, the rising road accident cases, where the patient is needed immediate ambulatory care for various surgeries required oxygen gas for life care settings, will fuel the market demand for the oxygen gas in the global Medical Gases and Equipment market. Besides, rising technology and improved equipment design, which is portable, lightweight, helps in the booming of the medical industry.Growth Driver
Chronic Diseases
The rising pollution due to industries waste, vehicle smoke, coupled with obesity, changing eating habits, and lifestyle of the people have increased the chronic diseases. The respiratory diseases are mainly prevalent in the geriatric population, which also fuels the chances of getting a heart attack, diabetes. Thus, the rising cases of chronic diseases due to various factors are fueling the demand for the global medical gas and equipment market.Technology advancement
The advancement in technology in the healthcare industry has improved the chances of saving lives and smoothening the flow between patient and doctor. The rising technology has redesigned various functions, tools, of the hospitals to improve the quality of care given to the patients. The technology advancement has reduced the cost of the equipment coupled with portability and educational content, which has bolstered the global gas and equipment market.By product Segmental Analysis
Based on product, the global Medical Gases and Equipment market segmented into Oxygen, Medical Air, Nitrogen, Carbon Dioxide, Nitrous Oxide, Helium, Ethylene Oxide, Blood-gas Mixture, Cylinder, Hoses, Manifold, Regulator. The oxygen gas has dominated the market of the global Medical Gases and Equipment market. Oxygen considered as the life support system for human beings, and it majorly required for the person suffering from a respiratory problem. In addition to it, the rising geriatric population, chronic respiratory diseases, coupled with road accidents where the patient needs immediate oxygen gas for survival makes oxygen gas holds the largest market share in the Medical Gases and Equipment market worldwide. Moreover, the cylinder will also fuel the market demand in the future as it contains pure gases and majorly used in homes and healthcare setups.By Application Segmental Analysis
Based on the Application, the global Medical Gases and Equipment market classified into Therapeutic, Diagnostics, Pharmaceutical manufacturing, and research and Other. The therapeutic segment dominated the largest market share in the global Medical Gases and Equipment market. The therapeutic further segmented into Respiratory Diseases, Cardiovascular Diseases, Anesthesia, Cryosurgery, and Others. Respiratory diseases and cardiovascular diseases are the primary growth factor in deriving the market demand for the global Medical Gases and Equipment market. It is owing to increasing pollution coupled with obesity in children, adults. The geriatric population has increased respiratory diseases. Therefore, the therapeutic segment will fuel the market value of the global Medical Gases and Equipment market.By End-Use Segmental Analysis
Based on end-use, the global Medical Gases and Equipment market distributed into Hospitals, Home Healthcare, Pharmaceutical, and Biopharmaceutical Companies, Diagnostic and Research Laboratories, Academic Institutes, and Research Institutes. The hospital’s segment holds the largest market share in the global Medical Gases and Equipment market. It is mainly owing to the usage of medical gases and medical equipment in hospitals. Additionally, increasing medical facilities with advance equipment and infrastructure have also added to the rising demand for hospitals in the global Medical Gases and Equipment market.By Region Segmental Analysis
Based on geography, the global Medical Gases and Equipment market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America will be expecting to witness the highest growth during the forecast period from 2022-2030. North America dominates the Medical Gases and Equipment market. The rising disposable income, advancement in technology, rising geriatric population, emerging obesity population, and increasing incidence related to respiratory diseases have fueled the demand for the global Medical Gases and Equipment market.Competitor Analysis
Companies such as Air Products and Chemicals, Inc., Linde Group, Air Liquide, Praxair, Inc., Taiyo Nippon Sanso Corp., SOL SpA, Atlas Copco, Messer Group GmbH, and GCE Holding AB and among others are key players in the global Medical Gases and Equipment market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global Medical Gases and Equipment manufacturing companies
- Research organizations and consulting companies’ Medical Gases and Equipment
- Regulatory bodies
Scope of the report
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 16.83 Billion |
| Revenue forecast in 2027 | USD 28.25 Billion |
| Growth Rate | CAGR of 7.85% from 2020 to 2027 |
| Historical data | 2017-2019 |
| Forecast period | 2021 – 2027 |
| Region covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled | Air Products and Chemicals, Inc., Linde Group, Taiyo Nippon Sanso Corp., Air Liquide, Praxair, Inc., SOL Spa, Atlas Copco, Messer Group GmbH, and GCE Holding AB. |
Recent Developments
- In September 2021, Renesas expanded its medical and industrial environmental sensing portfolio with new thermopile-based detectors for CO2 sensors.
- In April 2021, Serbia signed MoU with Messer to ensure medical gas and equipment supplies for future emergencies.
- In February 2021, INOX Air Products (INOXAP) announced to invest Rs 2,000 crore to build eight new air separation units across the country.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Product- Oxygen
- Medical Air
- Nitrogen
- Carbon Dioxide
- Nitrous Oxide
- Helium
- Ethylene Oxide
- Blood-gas Mixture
- Cylinder
- Hoses
- Manifold
- Regulator
- Therapeutic
- Diagnostics
- Pharmaceutical manufacturing and research
- Other
- Hospitals
- Home Healthcare
- Pharmaceutical and Biopharmaceutical Companies
- Diagnostic and Research Laboratories
- Academic Institutes and Research Institutes
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10. PESTEL Analysis
- Global Medical Gases and Equipment Market Overview
5.1. Market Size & Forecast,2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Product
5.2.1.1. Oxygen
5.2.1.2. Medical Air
5.2.1.3. Nitrogen
5.2.1.4. Carbon Dioxide
5.2.1.5. Nitrous Oxide
5.2.1.6. Helium
5.2.1.7. Ethylene Oxide
5.2.1.8. Blood-gas Mixture
5.2.1.9. Cylinder
5.2.1.10. Hoses
5.2.1.11. Manifold
5.2.1.12. Regulator
5.2.2. By Application
5.2.2.1. Therapeutic
5.2.2.2. Diagnostics
5.2.2.3. Pharmaceutical manufacturing and research
5.2.2.4. Other
5.2.3. By End-User
5.2.3.1. Hospitals
5.2.3.2. Home Healthcare
5.2.3.3. Pharmaceutical and Biopharmaceutical Companies
5.2.3.4. Diagnostic and Research Laboratories
5.2.3.5. Academic Institutes and Research Institutes
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia-Pacific
5.2.4.4. South America
5.2.4.5. The Middle East & Africa
- North America Medical Gases and Equipment Market Overview
6.1. North America Medical Gases and Equipment Market Size & Forecast,2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. Market Share & Forecast, 2017-2030
6.2.1. By Product
6.2.1.1. Oxygen
6.2.1.2. Medical Air
6.2.1.3. Nitrogen
6.2.1.4. Carbon Dioxide
6.2.1.5. Nitrous Oxide
6.2.1.6. Helium
6.2.1.7. Ethylene Oxide
6.2.1.8. Blood-gas Mixture
6.2.1.9. Cylinder
6.2.1.10. Hoses
6.2.1.11. Manifold
6.2.1.12. Regulator
6.2.2. By Application
6.2.2.1. Therapeutic
6.2.2.2. Diagnostics
6.2.2.3. Pharmaceutical manufacturing and research
6.2.2.4. Other
6.2.3. By End-User
6.2.3.1. Hospitals
6.2.3.2. Home Healthcare
6.2.3.3. Pharmaceutical and Biopharmaceutical Companies
6.2.3.4. Diagnostic and Research Laboratories
6.2.3.5. Academic Institutes and Research Institutes
6.2.4. By Country
6.2.4.1. US
6.2.4.2. Canada
6.2.4.3. Mexico
6.2.5. Company Market Share (Top 3-5)
6.2.6. Economic Impact Study on North America Medical Gases and Equipment Market
- Europe Medical Gases and Equipment Market Overview
7.1. Europe Medical Gases and Equipment Market Size & Forecast,2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Market Share & Forecast, 2017-2030
7.2.1. By Product
7.2.1.1. Oxygen
7.2.1.2. Medical Air
7.2.1.3. Nitrogen
7.2.1.4. Carbon Dioxide
7.2.1.5. Nitrous Oxide
7.2.1.6. Helium
7.2.1.7. Ethylene Oxide
7.2.1.8. Blood-gas Mixture
7.2.1.9. Cylinder
7.2.1.10. Hoses
7.2.1.11. Manifold
7.2.1.12. Regulator
7.2.2. By Application
7.2.2.1. Therapeutic
7.2.2.2. Diagnostics
7.2.2.3. Pharmaceutical manufacturing and research
7.2.2.4. Other
7.2.3. By End-User
7.2.3.1. Hospitals
7.2.3.2. Home Healthcare
7.2.3.3. Pharmaceutical and Biopharmaceutical Companies
7.2.3.4. Diagnostic and Research Laboratories
7.2.3.5. Academic Institutes and Research Institutes
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. UK
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Rest of Europe
7.2.5. Company Market Share (Top 3-5)
7.2.6. Economic Impact Study on Europe Medical Gases and Equipment Market
- Asia-Pacific Medical Gases and Equipment Market Overview
8.1. Asia-Pacific Medical Gases and Equipment Market Size & Forecast,2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Market Share & Forecast, 2017-2030
8.2.1. By Product
8.2.1.1. Oxygen
8.2.1.2. Medical Air
8.2.1.3. Nitrogen
8.2.1.4. Carbon Dioxide
8.2.1.5. Nitrous Oxide
8.2.1.6. Helium
8.2.1.7. Ethylene Oxide
8.2.1.8. Blood-gas Mixture
8.2.1.9. Cylinder
8.2.1.10. Hoses
8.2.1.11. Manifold
8.2.1.12. Regulator
8.2.2. By Application
8.2.2.1. Therapeutic
8.2.2.2. Diagnostics
8.2.2.3. Pharmaceutical manufacturing and research
8.2.2.4. Other
8.2.3. By End-User
8.2.3.1. Hospitals
8.2.3.2. Home Healthcare
8.2.3.3. Pharmaceutical and Biopharmaceutical Companies
8.2.3.4. Diagnostic and Research Laboratories
8.2.3.5. Academic Institutes and Research Institutes
8.2.4. By Country
8.2.4.1. India
8.2.4.2. Japan
8.2.4.3. Australia
8.2.4.4. Rest of Asia Pacific
8.2.5. Company Market Share (Top 3-5)
8.2.6. Economic Impact Study on Asia Pacific Medical Gases and Equipment Market
- South America Medical Gases and Equipment Market Overview
9.1. South America Medical Gases and Equipment Market Size & Forecast,2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. Market Share & Forecast, 2017-2030
9.2.1. By Product
9.2.1.1. Oxygen
9.2.1.2. Medical Air
9.2.1.3. Nitrogen
9.2.1.4. Carbon Dioxide
9.2.1.5. Nitrous Oxide
9.2.1.6. Helium
9.2.1.7. Ethylene Oxide
9.2.1.8. Blood-gas Mixture
9.2.1.9. Cylinder
9.2.1.10. Hoses
9.2.1.11. Manifold
9.2.1.12. Regulator
9.2.2. By Application
9.2.2.1. Therapeutic
9.2.2.2. Diagnostics
9.2.2.3. Pharmaceutical manufacturing and research
9.2.2.4. Other
9.2.3. By End-User
9.2.3.1. Hospitals
9.2.3.2. Home Healthcare
9.2.3.3. Pharmaceutical and Biopharmaceutical Companies
9.2.3.4. Diagnostic and Research Laboratories
9.2.3.5. Academic Institutes and Research Institutes
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Rest of South America
9.2.5. Company Market Share (Top 3-5)
9.2.6. Economic Impact Study on South America Medical Gases and Equipment Market
- The Middle East & Africa Medical Gases and Equipment Market Overview
10.1. The Middle East & Africa Medical Gases and Equipment Market Size & Forecast,2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.2. Market Share & Forecast, 2017-2030
10.2.1. By Product
10.2.1.1. Oxygen
10.2.1.2. Medical Air
10.2.1.3. Nitrogen
10.2.1.4. Carbon Dioxide
10.2.1.5. Nitrous Oxide
10.2.1.6. Helium
10.2.1.7. Ethylene Oxide
10.2.1.8. Blood-gas Mixture
10.2.1.9. Cylinder
10.2.1.10. Hoses
10.2.1.11. Manifold
10.2.1.12. Regulator
10.2.2. By Application
10.2.2.1. Therapeutic
10.2.2.2. Diagnostics
10.2.2.3. Pharmaceutical manufacturing and research
10.2.2.4. Other
10.2.3. By End-User
10.2.3.1. Hospitals
10.2.3.2. Home Healthcare
10.2.3.3. Pharmaceutical and Biopharmaceutical Companies
10.2.3.4. Diagnostic and Research Laboratories
10.2.3.5. Academic Institutes and Research Institutes
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of the Middle East & Africa
10.2.5. Company Market Share (Top 3-5)
10.2.6. Economic Impact Study on Middle East & Africa Medical Gases and Equipment Market
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Air Products and Chemicals, Inc.
11.7.2. Linde Group
11.7.3. Air Liquide
11.7.4. Praxair, Inc.
11.7.5. Taiyo Nippon Sanso Corp.
11.7.6. SOL SpA
11.7.7. Atlas Copco
11.7.8. Messer Group GmbH
11.7.9. GCE Holding AB
11.7.10. Other Prominent Players
Frequently Asked Questions (FAQ):
The growth rate of the Global Medical Gases and Equipment Market is 7.85% from 2022 to 2030.
The global Medical gas and equipment market is estimated to reach USD 5.25 billion by 2030, and It was valued at USD 2.83 billion in 2022.
Technological advancements, rising chronic diseases are the growth drivers of the Global Medical Gases and Equipment Market.
Hospitals, Home Healthcare, Academic Institutes and Research Institutes, Pharmaceutical and Biopharmaceutical Companies, Diagnostic and Research Laboratories are the end-users of the Medical Gases and Equipment Market products.
Air Products and Chemicals, Inc., Linde Group, Taiyo Nippon Sanso Corp., Air Liquide, Praxair, Inc., SOL Spa, Atlas Copco, Messer Group GmbH, and GCE Holding AB are the key players in the global Medical Gases and Equipment Market.
