Market Overview:
The global medical gas and equipment market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical gases and equipment from hospitals, home healthcare settings, and other end-users. Additionally, the growing awareness about the benefits of using medical gases and equipment is also contributing to the growth of this market. Based on type, the global medical gas and equipment market can be segmented into oxygen, nitrous oxide, carbon dioxide, gas mixture (including air), vacuum system (including suction pumps), and others (including anesthesia machines). Among these segments, oxygen held a dominant share in 2017 owing to its widespread use in various applications such as respiratory therapy treatment & diagnosis; surgery; pain management; labor & delivery; critical care units (CCUs); neonatal intensive care units (NICUs); emergency rooms & trauma centers; long-term care facilities; dental clinics & surgeries etc. Nitrous oxide is also witnessing high demand due to its properties such as analgesia induction during childbirths without any major side effects on mother or baby when used with proper ventilation support. Carbon dioxide is another important segment in this market due to its extensive use for various purposes such as food preservation by controlling microbial growth rates etc. Based on application, hospitals accounted for a majority share of the global medical gas and equipment market in 2017 followed by home healthcare settings.
Product Definition:
A medical gas is a type of compressed gas used in healthcare settings. Medical gases are used to provide respiratory support, to sterilize equipment and supplies, and to euthanize animals.
Oxygen:
Oxygen is a colorless and odorless gas, which is produced by the reaction between water and hydrogen. It plays an important role in various applications such as steel manufacturing, automobile industry, electronics industry and medical sector.
Nitrous Oxide:
Nitrous oxide, also known as laughing gas or in medical terms as nitric oxide (NO) is a colorless and non-flammable gas with a mild aroma. It is used for various medical applications such as dentistry, ophthalmology, and endoscopy. NO has several beneficial properties which include analgesia (pain reduction), anesthesia during surgery along with relaxation of the patient;s body.
Application Insights:
Based on application, the global medical gas and equipment market has been segmented into hospital, home healthcare and others. The hospital segment dominated the overall market in terms of revenue in 2017. This is attributed to factors such as increasing prevalence of chronic diseases along with rising number of surgeries being performed every year. Furthermore, an increase in investment by governments for the development of hospitals and diagnostic centers will also boost growth over the forecast period.
The home healthcare sector is expected to grow significantly over the forecast period owing to increasing awareness about affordable health care among consumers as well as government initiatives for reducing medication errors at home through better monitoring systems coupled with technological advancements that help reduce human efforts & costs involved while diagnosing & treating patients at homes or remote locations without any medical professionals¢â‚¬â„¢ assistance.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, high healthcare expenditure, and increasing awareness about medical gases. The U.S., being the most developed economy in North America has a well-established supply chain for medical supplies and equipment facilitating easy access of these products to patients. In addition, an increase in chronic diseases leading to increased hospital admissions is expected to drive demand for these systems over the forecast period.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to factors such as improving healthcare infrastructure and rising patient awareness regarding availability of advanced ventilators & other respiratory devices that require compressed air or gas mixture for operation. Moreover, economic development coupled with government initiatives aimed at reducing infant mortality rate (ISMR) is anticipated boost product demand across this region eventually driving growth through 2030 forecasted).
Growth Factors:
- Increasing demand for medical gases and equipment due to the growth in the number of hospitals, clinics and other healthcare facilities.
- Rising prevalence of chronic diseases such as cancer, respiratory diseases, and cardiovascular diseases which require use of medical gases and equipment for treatment.
- Technological advancements in medical gas delivery systems that are helping to improve patient outcomes.
- Growing awareness about the benefits of using medical gases and equipment among healthcare professionals and patients alike is driving their demand worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Gas and Equipment Market Research Report
By Type
Oxygen, Nitrous Oxide, Carbon Dioxide, Gas Mixture, Vacuum System, Others
By Application
Hospital, Home Healthcare
By Companies
Air Products and Chemicals, Inc., The Linde Group, Taiyo Nippon Sanso Corp., SOL-SpA, Air Liquide, Praxair, Inc., Atlas Copco, Messer Group, GCE Holding AB
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Medical Gas and Equipment Market Report Segments:
The global Medical Gas and Equipment market is segmented on the basis of:
Types
Oxygen, Nitrous Oxide, Carbon Dioxide, Gas Mixture, Vacuum System, Others
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
Hospital, Home Healthcare
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:
- Air Products and Chemicals, Inc.
- The Linde Group
- Taiyo Nippon Sanso Corp.
- SOL-SpA
- Air Liquide
- Praxair, Inc.
- Atlas Copco
- Messer Group
- GCE Holding AB
Highlights of The Medical Gas and Equipment 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:
- Oxygen
- Nitrous Oxide
- Carbon Dioxide
- Gas Mixture
- Vacuum System
- Others
- By Application:
- Hospital
- Home Healthcare
- 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 Gas and Equipment 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
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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 gas and equipment is a category of medical supplies that are used to provide supplemental oxygen, ventilation, or other medical treatments.
Some of the major companies in the medical gas and equipment market are Air Products and Chemicals, Inc., The Linde Group, Taiyo Nippon Sanso Corp., SOL-SpA, Air Liquide, Praxair, Inc., Atlas Copco, Messer Group, GCE Holding AB.
The medical gas and equipment market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Gas and Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Gas and Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Gas and Equipment Market - Supply Chain
4.5. Global Medical Gas and Equipment Market Forecast
4.5.1. Medical Gas and Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Gas and Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Gas and Equipment Market Absolute $ Opportunity
5. Global Medical Gas and Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Gas and Equipment Market Size and Volume Forecast by Type
5.3.1. Oxygen
5.3.2. Nitrous Oxide
5.3.3. Carbon Dioxide
5.3.4. Gas Mixture
5.3.5. Vacuum System
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Gas and Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Gas and Equipment Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Home Healthcare
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Gas and Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Gas and Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Gas and Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Gas and Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Gas and Equipment Demand Share Forecast, 2019-2026
9. North America Medical Gas and Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Gas and Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Gas and Equipment Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Home Healthcare
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Gas and Equipment Market Size and Volume Forecast by Type
9.7.1. Oxygen
9.7.2. Nitrous Oxide
9.7.3. Carbon Dioxide
9.7.4. Gas Mixture
9.7.5. Vacuum System
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Gas and Equipment Demand Share Forecast, 2019-2026
10. Latin America Medical Gas and Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Gas and Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Gas and Equipment Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Home Healthcare
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Gas and Equipment Market Size and Volume Forecast by Type
10.7.1. Oxygen
10.7.2. Nitrous Oxide
10.7.3. Carbon Dioxide
10.7.4. Gas Mixture
10.7.5. Vacuum System
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Gas and Equipment Demand Share Forecast, 2019-2026
11. Europe Medical Gas and Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Gas and Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Gas and Equipment Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Home Healthcare
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Gas and Equipment Market Size and Volume Forecast by Type
11.7.1. Oxygen
11.7.2. Nitrous Oxide
11.7.3. Carbon Dioxide
11.7.4. Gas Mixture
11.7.5. Vacuum System
11.7.6. Others
11.8. Bass Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Gas and Equipment Demand Share, 2019-2026
12. Asia Pacific Medical Gas and Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Gas and Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Gas and Equipment Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Home Healthcare
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Gas and Equipment Market Size and Volume Forecast by Type
12.7.1. Oxygen
12.7.2. Nitrous Oxide
12.7.3. Carbon Dioxide
12.7.4. Gas Mixture
12.7.5. Vacuum System
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Gas and Equipment Demand Share, 2019-2026
13. Middle East & Africa Medical Gas and Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Gas and Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Gas and Equipment Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Home Healthcare
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Gas and Equipment Market Size and Volume Forecast by Type
13.7.1. Oxygen
13.7.2. Nitrous Oxide
13.7.3. Carbon Dioxide
13.7.4. Gas Mixture
13.7.5. Vacuum System
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Gas and Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Gas and Equipment Market: Market Share Analysis
14.2. Medical Gas and Equipment Distributors and Customers
14.3. Medical Gas and Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Air Products and Chemicals, Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. The Linde Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Taiyo Nippon Sanso Corp.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SOL-SpA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Air Liquide
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Praxair, Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Atlas Copco
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Messer Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GCE Holding AB
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
