The global Medical Gas Equipment Market size was valued at USD 15.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 7.9% during the forecast period, reaching a value of USD 29.57 billion by 2030.
Medical Gas Equipment Market research report by Future Data Stats, offers a comprehensive view of the market's historical data from 2017 to 2021, capturing trends, growth patterns, and key drivers. It establishes 2021 as the base year, analyzing the market landscape, consumer behavior, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2022 to 2030, leveraging data analysis techniques to project the market's growth trajectory, emerging opportunities, and anticipated challenges.
MARKET OVERVIEW:
Medical gas equipment refers to a specialized set of devices and systems used in healthcare settings to deliver and manage various gases required for patient care. These gases, such as oxygen, nitrous oxide, carbon dioxide, and medical air, play a crucial role in supporting patient respiration, anesthesia administration, and other medical procedures. Medical gas equipment ensures the safe and reliable delivery of these gases to patients, healthcare professionals, and other users within the healthcare facility.
Medical gas equipment includes a range of devices such as delivery systems, manifolds, outlets, hoses, flowmeters, regulators, cylinders, and alarm systems. These devices are designed to control gas flow, maintain proper pressure, and monitor gas levels, ensuring the precise delivery of gases to patients. Medical gas equipment is essential in hospitals, ambulatory surgical centers, homecare settings, and other healthcare facilities where the administration and monitoring of medical gases are critical for patient care and safety. The proper functioning and maintenance of medical gas equipment are crucial to ensure the continuous availability of medical gases and support the effective delivery of healthcare services.
MARKET DYNAMICS:
One of the primary drivers is the increasing demand for healthcare services and the rising prevalence of chronic diseases worldwide. This surge in healthcare needs has led to a greater requirement for medical gas equipment to support patient care, surgical procedures, and anesthesia administration. Additionally, the growing geriatric population, which is more prone to respiratory illnesses, further fuels the demand for medical gas equipment. Technological advancements in medical gas delivery systems and the need for efficient and safe gas management also drive market growth.
However, the Medical Gas Equipment Market faces certain restraints that hinder its full potential. One significant restraint is the high cost associated with the installation and maintenance of medical gas equipment. The initial investment and ongoing expenses for infrastructure, equipment procurement, and compliance with regulatory standards can pose financial challenges for healthcare facilities, especially in developing regions. Additionally, stringent regulatory requirements and the need for adherence to safety standards can create barriers to market entry and pose challenges for smaller players in the industry.
Despite these challenges, the Medical Gas Equipment Market presents several opportunities for growth. The increasing focus on home healthcare and the rising trend of portable and compact medical gas equipment create opportunities for market expansion. Moreover, the adoption of advanced technologies, such as smart sensors and remote monitoring systems, can enhance the efficiency and safety of medical gas equipment. Furthermore, the growing awareness of the importance of medical gas safety and the need for compliance with regulatory guidelines open avenues for market players to provide innovative solutions and services in gas management and maintenance.
MEDICAL GAS EQUIPMENT MARKET SEGMENTAL ANALYSIS
BY PRODUCT TYPE:
These include oxygen delivery systems, nitrous oxide delivery systems, carbon dioxide delivery systems, medical air delivery systems, vacuum systems, waste gas management systems, and others. Oxygen delivery systems play a crucial role in delivering oxygen to patients with respiratory conditions, while nitrous oxide delivery systems are commonly used for anesthesia administration. Carbon dioxide delivery systems are essential for laparoscopic surgeries and endoscopic procedures. Medical air delivery systems provide a clean and controlled air supply for respiratory support and other medical purposes.
Vacuum systems are utilized for suctioning fluids during surgeries, and waste gas management systems help in the safe disposal of anesthetic gases. These product types collectively contribute to the growth and advancement of the Medical Gas Equipment Market by meeting the diverse needs of healthcare facilities and ensuring the efficient delivery and management of medical gases.
BY EQUIPMENT TYPE:
These include manifolds, outlets, hoses, flowmeters, regulators, cylinders, alarm systems, and others. Manifolds play a crucial role in controlling the flow and distribution of medical gases within healthcare facilities. Outlets are important for delivering gases directly to patients and medical devices. Hoses enable the transfer of gases from the source to the desired location. Flowmeters help in accurately measuring and regulating the flow rate of gases. Regulators ensure the safe and controlled pressure of gases. Cylinders are used for storing and transporting medical gases.
Alarm systems provide alerts in case of any deviations or abnormalities in gas pressure or supply. These equipment types, along with others, are instrumental in the efficient and effective delivery, monitoring, and management of medical gases, catering to the specific needs of healthcare facilities and ensuring patient safety and care.
BY APPLICATION:
These applications encompass hospitals, ambulatory surgical centers, pharmaceutical and biotechnology companies, research and academic institutes, homecare settings, veterinary care centers, and others. Hospitals are the primary users of medical gas equipment, requiring a comprehensive range of gas delivery systems for patient care and medical procedures. Ambulatory surgical centers also rely on medical gas equipment for anesthesia administration and surgical procedures. Pharmaceutical and biotechnology companies utilize medical gases in their research and production processes. Research and academic institutes require medical gas equipment for educational and experimental purposes.
Homecare settings utilize portable and compact medical gas equipment for patient care outside of traditional healthcare facilities. Veterinary care centers use medical gases for animal treatment. Other applications, such as dental clinics and diagnostic centers, also contribute to the demand for medical gas equipment. These varied applications reflect the diverse needs and settings where medical gas equipment plays a vital role in delivering quality healthcare services.
BY END USER:
These end users include healthcare facilities, homecare settings, pharmaceutical and biotechnology companies, research and academic institutes, and others. Healthcare facilities, such as hospitals and ambulatory surgical centers, are the primary users of medical gas equipment, requiring a wide range of devices to support patient care and medical procedures. Homecare settings are an emerging segment, with a growing demand for portable and user-friendly medical gas equipment for patient care at home. Pharmaceutical and biotechnology companies utilize medical gases in their research, production, and quality control processes.
Research and academic institutes require medical gas equipment for educational and experimental purposes. Other end users, such as veterinary care centers and diagnostic centers, also contribute to the demand for medical gas equipment. These diverse end users reflect the wide-ranging applications and settings where medical gas equipment is essential, highlighting the market's dynamic nature and the need to cater to specific user requirements.
REGIONAL ANALYSIS:
In North America, the market is driven by factors such as a well-established healthcare infrastructure, technological advancements, and a high prevalence of chronic diseases. The presence of key market players and a focus on patient safety and care further contribute to the growth of the market in this region. Europe is another significant market for medical gas equipment, characterized by stringent regulatory standards and a growing elderly population. The region's emphasis on advanced healthcare facilities and investments in research and development activities drive the demand for medical gas equipment.
In the Asia Pacific region, rapid urbanization, increasing healthcare expenditure, and a rising geriatric population fuel market growth. Moreover, the growing focus on improving healthcare facilities and the presence of emerging economies contribute to the expanding market in this region. Latin America and the Middle East and Africa regions also present opportunities for market growth, driven by factors such as improving healthcare infrastructure, increasing government initiatives, and a rising demand for quality healthcare services.
COVID-19 IMPACT:
The COVID-19 pandemic has significantly impacted the Medical Gas Equipment Market, bringing both challenges and opportunities. The outbreak has increased the demand for medical gas equipment, particularly for oxygen delivery systems, as the virus affects the respiratory system. Hospitals and healthcare facilities faced a surge in the number of COVID-19 patients requiring respiratory support, leading to a higher need for oxygen and other medical gases. This resulted in increased investments in medical gas equipment to ensure an adequate supply for patient care.
However, the pandemic also posed challenges to the market. Supply chain disruptions, including raw material shortages and logistics issues, affected the production and distribution of medical gas equipment. The diversion of resources towards COVID-19-related equipment and infrastructure also impacted the availability of medical gas equipment for non-COVID healthcare needs. Additionally, the economic downturn and financial constraints faced by healthcare facilities limited their ability to invest in new equipment.
Nevertheless, the pandemic has highlighted the importance of medical gas equipment in healthcare settings and the need for robust and reliable systems. It has accelerated innovation in the sector, with the development of portable and remote monitoring devices, enhancing patient mobility and safety. The lessons learned during the pandemic are expected to drive advancements in medical gas equipment technology, ensuring better preparedness for future healthcare challenges.
INDUSTRY ANALYSIS:
Mergers & Acquisitions:
- In February 2023, Chart Industries acquired Praxair Medical.
- In March 2023, Air Liquide acquired Medical Gas Solutions.
- In April 2023, Linde acquired AGA.
Product Launches:
- In January 2023, Chart Industries launched the Ethos 6000 medical gas generator.
- In February 2023, Air Liquide launched the Optima 5000 medical gas generator.
- In March 2023, Linde launched the XStream medical gas generator.
KEY MARKET PLAYERS:
- Linde plc
- Air Liquide S.A.
- Praxair, Inc. (Now a part of Linde plc)
- Air Products and Chemicals, Inc.
- Matheson Tri-Gas, Inc.
- Atlas Copco AB
- Amico Corporation
- GCE Group
- Medical Gas Solutions Ltd.
- BeaconMedaes LLC
- Gentec Corporation
- Allied Healthcare Products, Inc.
- Ohio Medical Corporation
- Powerex, Inc.
- Bay Corporation
- Rotarex SA
- The Harris Products Group
- Cramer Decker Medical, Inc.
- Precision Medical, Inc.
- Farco-Pharma GmbH
- HAC Technical Gas Services Ltd.
- Allied Medical Limited
- Megasan Medikal
- Ergotron, Inc.
- EKOM spol. s r.o.
Table of Contents
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Executive Summary
- Market Overview
- Key Highlights
- Market Attractiveness Analysis
-
Introduction
- Market Definition
- Market Scope
- Research Methodology
- Primary Research
- Secondary Research
- Assumptions and Limitations
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Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
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Medical Gas Equipment Market Segmentation
- By Product Type
- By Equipment Type
- By Application
- By End User
- By Region
- By Distribution Channel
- By Customer Type
- By Gas Type
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Competitive Landscape
- Market Share Analysis
- Key Strategies
- Company Profiles
- Company 1
- Company 2
- Company 3
- ...
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Regional Analysis
- North America
- Market Size and Forecast
- Key Players
- Market Trends
- Europe
- Market Size and Forecast
- Key Players
- Market Trends
- Asia Pacific
- Market Size and Forecast
- Key Players
- Market Trends
- Latin America
- Market Size and Forecast
- Key Players
- Market Trends
- Middle East and Africa
- Market Size and Forecast
- Key Players
- Market Trends
- North America
-
Market Opportunities and Future Trends
- Emerging Technologies
- Strategic Collaborations
- Market Expansion
-
Conclusion
-
Appendix
- List of Abbreviations
- Disclaimer
- About Us
MEDICAL GAS EQUIPMENT MARKET SEGMENTATION
By Product Type:
- Oxygen Delivery Systems
- Nitrous Oxide Delivery Systems
- Carbon Dioxide Delivery Systems
- Medical Air Delivery Systems
- Vacuum Systems
- Waste Gas Management Systems
- Others
By Equipment Type:
- Manifolds
- Outlets
- Hoses
- Flowmeters
- Regulators
- Cylinders
- Alarm Systems
- Others
By Application:
- Hospitals
- Ambulatory Surgical Centers
- Pharmaceutical and Biotechnology Companies
- Research and Academic Institutes
- Homecare Settings
- Veterinary Care Centers
- Others
By End User:
- Healthcare Facilities
- Homecare Settings
- Pharmaceutical and Biotechnology Companies
- Research and Academic Institutes
- Others
By Geography:
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
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RESEARCH METHODOLOGY
With a collective industry experience of about 70 years of analysts and experts, Future Data Stats encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does the company dig deep into the innermost levels of the market, but also examines the minutest details for its market estimates and forecasts.
This approach helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market. The research proceeds are the results of high-quality data, expert views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.
Future Data Stats offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.
With Future Data Stats calibrated research process and 360° data-evaluation methodology, the clients receive:
- Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through a well-audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of the marketplace
With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.
The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.
Primary Research:
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Primary Research
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Desk Research
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Company Analysis
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• Identify key opinion leaders • Questionnaire design • In-depth Interviews • Coverage across the value chain
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• Company Website • Company Annual Reports • Paid Databases • Financial Reports
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• Market Participants • Key Strengths • Product Portfolio • Mapping as per Value Chain • Key focus segment
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Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.
The aforementioned helps to:
- Validate and improve data quality and strengthen the research proceeds
- Develop a market understanding and expertise
- Supply authentic information about the market size, share, growth, and forecasts
The primary research interview and discussion panels comprise experienced industry personnel.
These participants include, but are not limited to:
- Chief executives and VPs of leading corporations specific to an industry
- Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research:
A broad array of industry sources for the secondary research typically includes, but is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for a competitive scenario and shape of the industry
- Patent and regulatory databases to understand technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles, web-casts, and other related releases to evaluate the market
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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PRIMARY SOURCES |
DATA SOURCES |
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• Top executives of end-use industries • C-level executives of the leading Parenteral Nutrition companies • Sales manager and regional sales manager of the Parenteral Nutrition companies • Industry Consultants • Distributors/Suppliers
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• Annual Reports • Presentations • Company Websites • Press Releases • News Articles • Government Agencies’ Publications • Industry Publications • Paid Databases
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Analyst Tools and Models:
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BOTTOM-UP APPROACH |
TOP-DOWN APPROACH |
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· Arriving at · Arriving at · Market Share · Key Market Players |
· Key Market Players · Market Share · Arriving at · Arriving at |
MEDICAL GAS EQUIPMENT MARKET DYNAMIC FACTORS
Drivers:
- Increasing demand for healthcare services and rising prevalence of chronic diseases
- Technological advancements in medical gas equipment
- Growing geriatric population and respiratory illnesses
- Focus on patient safety and quality healthcare services
- Rising investments in healthcare infrastructure
Restraints:
- High cost associated with installation and maintenance of medical gas equipment
- Stringent regulatory requirements and compliance standards
- Limited financial resources in certain regions
- Supply chain disruptions and logistics challenges
- Economic downturn and financial constraints faced by healthcare facilities
Opportunities:
- Expansion of home healthcare and portable medical gas equipment market
- Adoption of advanced technologies for efficient gas delivery and monitoring
- Growing awareness of medical gas safety and compliance
- Emerging markets with untapped potential
- Strategic collaborations and partnerships
Challenges:
- Ensuring continuous availability and proper maintenance of medical gases
- Addressing regulatory and compliance challenges
- Managing supply chain disruptions and raw material shortages
- Balancing cost-effectiveness with quality and safety standards
- Adapting to changing market dynamics and customer needs
Frequently Asked Questions
