Market Overview:
The global medical device gases market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical device gases from hospitals, universities/research institutions, and pharmaceutical & biotechnology industries. In addition, the growing awareness about the benefits of using medical device gases is also contributing to the growth of this market. The global medical device gases market is segmented on the basis of type into mixed gas and pure gas. Mixed gas held a larger share of the global medical device gases market in 2017 and is expected to continue its dominance during the forecast period. This can be attributed to its wide range of applications in hospitals (labs & clinics), universities/research institutions, pharmaceutical & biotechnology industries, and other end-user segments.
Product Definition:
A medical device gas is a specific type of gas that is used in medical devices. These gases are often used to help treat various medical conditions or to help improve the function of medical devices. Some common examples of medical device gases include oxygen, carbon dioxide, and nitrous oxide.
Mixed Gas:
Mixed gas is a mixture of Argon, Nitrogen and Oxygen used in medical devices for the manufacturing process. The growth factor in this market is increasing owing to the growing demand for mixed gases from end-use industries such as healthcare & pharmaceuticals, semiconductors & electronics and food processing.
The major driver attributing to the growth of this market includes rising demand from various application areas such as semiconductor industry, electronic devices manufacturing sector.
Pure Gas:
Pure gas is a mixture of nitrogen and argon with a very small amount of other gases such as helium, carbon dioxide, and oxygen. Pure gas has no smell or taste. It can be used in the medical device industry for manufacturing endoscopes that are used for viewing the interior of organs & tissues in the human body. The growing demand for endoscope applications along with rising awareness regarding its benefits is expected to drive market growth over the forecast period from 2016 to 2024.
Application Insights:
Based on application, the global medical device gases market is segmented into hospitals (labs & clinics), universities/research institutions, pharmaceutical and biotechnology industries and others. Hospitals (labs & clinics) are expected to be the largest revenue-generating centers over the forecast period. Gases used in surgeries help reduce tissue trauma by minimizing friction caused during surgery. These gases also help maintain a steady flow of air throughout a surgical procedure without creating bubbles or pockets of compressed gas within tissues, which can lead to further complications.
The pharmaceutical industry is anticipated to witness significant growth owing to increasing R&D activities pertaining with new drug development for various diseases including cancer and other life-threatening conditions that require precise dosage levels for effective treatment outcomes.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to factors such as favorable reimbursement policies, high healthcare expenditure and technological advancements. Asia Pacific is anticipated to witness lucrative growth over the coming years due to increasing demand for medical gases from developing countries such as India and China. In addition, rising investments by pharmaceutical companies in this region are likely to boost market growth over the forecast period. Moreover, government initiatives encouraging R&D activities are also expected drive regional market growth during the same period.
Europe accounted for a significant share of revenue generated within global medical device gases industry mainly due to presence of major application industries including hospitals (labs & clinics), universities/research institutes.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The medical device gases market is expected to benefit from the increasing demand for minimally invasive surgeries. These surgeries are less risky and cause less pain and trauma as compared to traditional open surgery procedures.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, diabetes, and respiratory disorders is on the rise. This is likely to increase the demand for medical devices that use gases for diagnosis, treatment, and prevention of these diseases.
- Technological advancements in medical devices: Rapid advancements in technology have led to the development of innovative medical devices that use gases for diagnosis, treatment, and prevention of various diseases. This is likely to fuel the growth of the medical device gases market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Device Gases Market Research Report
By Type
Mixed Gas, Pure Gas
By Application
Hospitals (Labs & Clinics), Universities/Research Institutions, Pharmaceutical & Biotechnology Industries, Universities/Research Institutions
By Companies
Air Liquide, Linde Healthcare, Praxair, Air Products, Taiyo Nippon Sanso, Matheson Gas, Atlas Copco AB, Messer Group, SOL Group, Norco, Air Liquide, Shenzhen Gaofa, Shenwei Medical, Beijing Orient, Nanning Lantian
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Medical Device Gases Market Report Segments:
The global Medical Device Gases market is segmented on the basis of:
Types
Mixed Gas, Pure Gas
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
Hospitals (Labs & Clinics), Universities/Research Institutions, Pharmaceutical & Biotechnology Industries, Universities/Research Institutions
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 Liquide
- Linde Healthcare
- Praxair
- Air Products
- Taiyo Nippon Sanso
- Matheson Gas
- Atlas Copco AB
- Messer Group
- SOL Group
- Norco
- Air Liquide
- Shenzhen Gaofa
- Shenwei Medical
- Beijing Orient
- Nanning Lantian
Highlights of The Medical Device Gases 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:
- Mixed Gas
- Pure Gas
- By Application:
- Hospitals (Labs & Clinics)
- Universities/Research Institutions
- Pharmaceutical & Biotechnology Industries
- Universities/Research Institutions
- 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 Device Gases 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
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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 device gases are a class of gases used in medical devices. These gases can help to improve the performance of medical devices by helping to create a better environment for the device's components.
Some of the key players operating in the medical device gases market are Air Liquide, Linde Healthcare, Praxair, Air Products, Taiyo Nippon Sanso, Matheson Gas, Atlas Copco AB, Messer Group, SOL Group, Norco, Air Liquide, Shenzhen Gaofa, Shenwei Medical, Beijing Orient, Nanning Lantian.
The medical device gases market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Device Gases Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Device Gases Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Device Gases Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Device Gases Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Device Gases Market Size & Forecast, 2018-2028
4.5.1 Medical Device Gases Market Size and Y-o-Y Growth
4.5.2 Medical Device Gases Market Absolute $ Opportunity
Chapter 5 Global Medical Device Gases Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Device Gases Market Size Forecast by Type
5.2.1 Mixed Gas
5.2.2 Pure Gas
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Device Gases Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Device Gases Market Size Forecast by Applications
6.2.1 Hospitals (Labs & Clinics)
6.2.2 Universities/Research Institutions
6.2.3 Pharmaceutical & Biotechnology Industries
6.2.4 Universities/Research Institutions
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Device Gases Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Device Gases Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Device Gases Analysis and Forecast
9.1 Introduction
9.2 North America Medical Device Gases Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Device Gases Market Size Forecast by Type
9.6.1 Mixed Gas
9.6.2 Pure Gas
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Device Gases Market Size Forecast by Applications
9.10.1 Hospitals (Labs & Clinics)
9.10.2 Universities/Research Institutions
9.10.3 Pharmaceutical & Biotechnology Industries
9.10.4 Universities/Research Institutions
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Device Gases Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Device Gases Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Device Gases Market Size Forecast by Type
10.6.1 Mixed Gas
10.6.2 Pure Gas
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Device Gases Market Size Forecast by Applications
10.10.1 Hospitals (Labs & Clinics)
10.10.2 Universities/Research Institutions
10.10.3 Pharmaceutical & Biotechnology Industries
10.10.4 Universities/Research Institutions
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Device Gases Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Device Gases Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Device Gases Market Size Forecast by Type
11.6.1 Mixed Gas
11.6.2 Pure Gas
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Device Gases Market Size Forecast by Applications
11.10.1 Hospitals (Labs & Clinics)
11.10.2 Universities/Research Institutions
11.10.3 Pharmaceutical & Biotechnology Industries
11.10.4 Universities/Research Institutions
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Device Gases Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Device Gases Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Device Gases Market Size Forecast by Type
12.6.1 Mixed Gas
12.6.2 Pure Gas
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Device Gases Market Size Forecast by Applications
12.10.1 Hospitals (Labs & Clinics)
12.10.2 Universities/Research Institutions
12.10.3 Pharmaceutical & Biotechnology Industries
12.10.4 Universities/Research Institutions
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Device Gases Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Device Gases Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Device Gases Market Size Forecast by Type
13.6.1 Mixed Gas
13.6.2 Pure Gas
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Device Gases Market Size Forecast by Applications
13.10.1 Hospitals (Labs & Clinics)
13.10.2 Universities/Research Institutions
13.10.3 Pharmaceutical & Biotechnology Industries
13.10.4 Universities/Research Institutions
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Device Gases Market: Competitive Dashboard
14.2 Global Medical Device Gases Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Air Liquide
14.3.2 Linde Healthcare
14.3.3 Praxair
14.3.4 Air Products
14.3.5 Taiyo Nippon Sanso
14.3.6 Matheson Gas
14.3.7 Atlas Copco AB
14.3.8 Messer Group
14.3.9 SOL Group
14.3.10 Norco
14.3.11 Air Liquide
14.3.12 Shenzhen Gaofa
14.3.13 Shenwei Medical
14.3.14 Beijing Orient
14.3.15 Nanning Lantian
