Medical Gas & Equipment Market by Product, Form of Delivery, Application, End Use

Description

List of Tables

[195 Pages Report] The Medical Gas & Equipment Market size was estimated at USD 20.81 billion in 2023 and expected to reach USD 22.51 billion in 2024, at a CAGR 8.26% to reach USD 36.28 billion by 2030.

Medical gas & equipment comprise a vital part of the healthcare infrastructure, facilitating diagnostic, therapeutic, and life-support functions in various settings. These gases, including oxygen, nitrous oxide, medical air, and several others, are used in operating rooms, emergency departments, patient rooms, and, at times, residential settings. The equipment associated with medical gases includes delivery systems such as cylinders, concentrators, regulators, and pipeline components that ensure safe and efficient transport to the point of use. An aging global population prone to chronic illnesses increases the need for medical gases for long-term care. In addition, rising investments in healthcare infrastructure, particularly in emerging economies, augment the deployment of medical gases and equipment. However, the high medical gas & equipment costs and complex regulatory requirements significantly constrain medical equipment adoption. Nevertheless, the ongoing investments in medical gas plants and the development of portable and lightweight gas equipment are expected to create growth opportunities for the medical gas & equipment market in the coming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 20.81 billion
Estimated Year [2024]	USD 22.51 billion
Forecast Year [2030]	USD 36.28 billion
CAGR (%)	8.26%

Product: Wide availability of medical gas equipment to ensure the controlled release of gas in healthcare operations

Medical gas equipment comprises tools and machinery used for producing, distributing, and storing medical gases. Medical gas alarm systems are critical safety components designed to monitor the presence and pressures of medical gases being delivered to patients in healthcare facilities. Medical gas cylinders are constructed to withstand the pressures required to store medical gases safely and come with features that allow for controlled release as needed for patient care and medical procedures. Flowmeters are devices that precisely measure the flow rate of medical gases administered to patients. Hose assemblies and valves are integral to the medical gas delivery system, providing the necessary conduits and control mechanisms for the safe and efficient flow of medical gases from their source to the end-user point. Manifold systems are responsible for the control and distribution of medical gases from multiple cylinders, ensuring a continuous supply. Manifold systems automatically switch from empty to full cylinders without interrupting the gas flow and effectively manage the gas pressures and distribution to various facility parts. Medical gas mixtures serve many functions, including patient care, diagnostic testing, and equipment sterilization. Aerobic mixtures balance oxygen and other gases, such as nitrogen or helium, to facilitate oxidative processes necessary for sustaining life. Anaerobic mixtures contain a minimal amount of oxygen or are completely devoid, creating an environment suitable for the growth of anaerobic organisms. Blood gas mixtures contain precise concentrations of oxygen, carbon dioxide, and nitrogen balanced to replicate human blood gas levels accurately to assess respiratory and metabolic status in patient care contexts. Carbon dioxide-oxygen mixtures are utilized during insufflation procedures for endoscopic surgeries to inflate body cavities, enhancing visibility. Ethylene oxide effectively eliminates bacteria, fungi, and viruses without causing harm to delicate instruments. Medical pure gases are high-purity gases used individually for various medical procedures. Carbon Dioxide (CO2), in the medical context, is used as a respiratory stimulant to encourage deep breathing in post-operative patients or those with shallow breathing. Helium (He) is a non-reactive inert gas with applications in respiratory care. Medical air is high-purity air that has been filtered and is free from all contaminants. In medical applications, nitrogen (N2) serves primarily as a medical air component and a propellant for medical devices. Nitrous Oxide (N2O) is used during procedures, both minor and extensive, to reduce patient anxiety and pain. Oxygen (O2) is administered to patients to treat or prevent hypoxia or oxygen deficiency.

End Use: Emerging adoption of medical gas & equipment in home care settings

Academic research institutes utilize medical gases for analytical and experimental research purposes. They often require high-purity gases for applications such as cell culture growth, in vitro fertilization, and drug discovery processes. Precision and reliability are critical, as the gas quality can directly impact the research outcomes. Biopharmaceutical companies use medical gases throughout the development and manufacturing process of biological drugs. These gases are integral for maintaining controlled environments for cultivating cells and bacteria and in processes such as lyophilization for drug preservation. Emergency services, including ambulances and first responders, predominantly rely on medical oxygen and air for life-support and trauma care. Medical oxygen is required for patient resuscitation and support, while air may be used to drive pneumatic medical devices. Oxygen therapy is the most common application, supporting patients with respiratory conditions in hospitals. Hospitals use medical gas & equipment for various applications, including anesthesia, intensive care, and respiratory therapy. Hospitals need a reliable, constant supply of medical gases such as oxygen, nitrous oxide, and others at precise delivery pressures and flows.

Regional Insights

Asia-Pacific showcases substantial growth potential for the medical gas & equipment market, fueled by increasing healthcare expenditure, a growing population with healthcare awareness, and an escalating number of hospitals and healthcare facilities. An aging population and government initiatives toward healthcare reform have increased investments in medical gas production facilities across Asia-Pacific. The Americas region represents a developing market with a high need for medical gases and equipment due to well-established healthcare systems and regulatory frameworks ensuring product quality and technological adoption rates. Recent investments in the healthcare infrastructure, coupled with an increasing number of surgical procedures, have bolstered the usage of medical gas & equipment in the Americas. The Europe, Middle East, and Africa (EMEA) region presents a diverse medical gas & equipment market landscape. Many EU countries feature mature markets with growth driven by innovations, high healthcare standards, and well-established regulatory frameworks. The Middle East is witnessing rapid healthcare infrastructure development and medical tourism growth. Africa's medical gas & equipment market is emerging, with growing investments in healthcare systems and an increasing focus on building local manufacturing capabilities for medical gases and equipment.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Medical Gas & Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Medical Gas & Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Medical Gas & Equipment Market, highlighting leading vendors and their innovative profiles. These include Allied Healthcare Products, Inc. by Flexicare (Group) Limited, Amcaremed Technology Co., Limited, Amico Group of Companies, ARAS Group of Companies, Atlas Copco Group, Avante Health Solutions, Digiline Systems Private Limited, Ellenbarrie industrial Gases, GCE Group AB, GE Healthcare, Genstar Technologies Co, Inc., Greggersen Gasetechnik GmbH, Honeywell International Inc., ILMO Products Company, Koninklijke Philips N.V., Linde PLC, MagGas Medical Inc., MEC Medical Ltd., Nippon Sanso Holdings Corporation, Ohio Medical LLC, Pattons Medical, Powerex, Rotarex S.A., Schonn Medizintechnik GmbH, Silbermann Medical Gas Systems, SOL Group, and Yueyang kameter electronic special rare gas co., LTD..

Market Segmentation & Coverage

This research report categorizes the Medical Gas & Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Medical Gas Equipments
  - Alarm system
  - Cylinders
  - Flowmeters
  - Hose Assemblies & Valves
  - Manifolds
  - Medical Air Compressors
  - Outlets
  - Regulators
  - Vacuum System

Medical Gas Mixtures
- Aerobic Mixtures
- Anaerobic Mixtures
- Blood Gas Mixtures
- Carbon dioxide-oxygen Mixtures
- Ethylene Oxide
- Helium Oxygen Mixtures
- Lung Diffusion Mixtures
- Nitrous oxide-oxygen Mixtures

Medical Pure Gas
- Carbon Dioxide
- Helium
- Medical Air
- Nitrogen
- Nitrous Oxide
- Oxygen

Form of Delivery
- Bulk Delivery
- High-Pressure Cylinders
- Liquid Tanks

Application
- Diagnostic
  - General Laboratory Applications
  - Medical Imaging

Pharmaceutical Manufacturing
Therapeutic
- Anesthesia
- Cardiovascular
- Cryosurgery
- Respiratory

End Use
- Academic Research Institutes
- Biopharmaceutical Companies
- Emergency Services
- Home Care Settings
- Hospitals

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Medical Gas & Equipment Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Medical Gas & Equipment Market?

3. What are the technology trends and regulatory frameworks in the Medical Gas & Equipment Market?

4. What is the market share of the leading vendors in the Medical Gas & Equipment Market?

5. Which modes and strategic moves are suitable for entering the Medical Gas & Equipment Market?

Product Code: MRR-03602AA8F412

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing Prevalence of Chronic and Respiratory Diseases
  - 5.1.1.2. Growing Adoption of Home Health Care and use of Portable Medical Gas Equipments
  - 5.1.1.3. Favorable Initiatives by Government Organizations for Medical Gas & Equipment Manufacturing
- 5.1.2. Restraints
  - 5.1.2.1. Shortage and Price Volatility of Medical Gases
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging Use of IoT and Other Technologies in Medical Gas Monitoring
  - 5.1.3.2. Rising Investment and Organizational Efforts to Expand Medical Gas Access Worldwide
- 5.1.4. Challenges
  - 5.1.4.1. Safety Concerns and Regulations for the Medical Gases
5.2. Market Segmentation Analysis
- 5.2.1. Product: Wide availability of medical gas equipment to ensure the controlled release of gas in healthcare operations
- 5.2.2. End Use: Emerging adoption of medical gas & equipment in home care settings
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Medical Gas & Equipment Market, by Product

6.1. Introduction
6.2. Medical Gas Equipments
6.3. Medical Gas Mixtures
6.4. Medical Pure Gas

7. Medical Gas & Equipment Market, by Form of Delivery

7.1. Introduction
7.2. Bulk Delivery
7.3. High-Pressure Cylinders
7.4. Liquid Tanks

8. Medical Gas & Equipment Market, by Application

8.1. Introduction
8.2. Diagnostic
8.3. Pharmaceutical Manufacturing
8.4. Therapeutic

9. Medical Gas & Equipment Market, by End Use

9.1. Introduction
9.2. Academic Research Institutes
9.3. Biopharmaceutical Companies
9.4. Emergency Services
9.5. Home Care Settings
9.6. Hospitals

10. Americas Medical Gas & Equipment Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Medical Gas & Equipment Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Medical Gas & Equipment Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Atlas Copco Acquired New Hampshire-based Medical Gas Systems Service Suppliers
- 13.3.2. INOX Air Products Awarded Contract for Setting up 2 x 1800 TPD ASUs at Tata Steel's Meramandali Plant at Odisha
- 13.3.3. CVC Asia V invests in Samator Indo Gas, Indonesia's Industrial and Medical Gas Company

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio