Market Overview:
The global hospital gas market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hospital gases from hospitals & clinics, home healthcare, universities & research institutions, and pharmaceutical & biotechnology industries. Additionally, the growing awareness about the benefits of using hospital gases is also contributing to the growth of this market. Based on type, oxygen accounted for the largest share of the global hospital gas market in 2017. This segment is expected to grow at a CAGR of 5.9% during 2018-2030 owing to its numerous applications in hospitals and clinics across different regions worldwide. Geographically North America held dominant position followed by Europe Hospital Gas Market In terms revenue contribution whereas Asia Pacific region exhibited highest CAGR over forecast period owing various factors such as rising population base coupled with increasing number surgical procedures being carried out in this region .
Product Definition:
Hospital Gas is a mixture of gases used in hospitals and other medical settings. It is composed of approximately 21% oxygen and 79% nitrogen. The concentration of oxygen in Hospital Gas can be adjusted to meet the needs of the patient. For example, patients who are critically ill may require a higher concentration of oxygen to help them breathe.
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 chemical reactions such as oxidation of metals or breaking down organic compounds into carbon dioxide and water. Oxygen also acts as a reactant in biochemical processes, providing it with energy to carry out its functions.
Nitrous Oxide:
Nitrous oxide (N2O) is a colorless and non-flammable gas, with a mild aroma. It is used in medicine and dentistry as an analgesic for pain relief during surgeries. Nitrous oxide has been used as anesthetic for more than 200 years since its discovery in 1774 by Scottish physician Robert Stirling.
Application Insights:
Based on the application, the global hospital gas market has been segmented into hospitals & clinics, home healthcare, pharmaceutical and biotechnology industries and others. The hospitals & clinics segment dominated the overall market in terms of revenue in 2017. This is attributed to factors such as increasing prevalence of chronic diseases that require longer hospital stays along with an increase in surgeries at present.
The home healthcare sector is anticipated to grow significantly over the forecast period owing to rising awareness about better care services for patients at their homes as well as increased government initiatives for providing such services across various regions globally. For instance, according to a study published by McKinsey Global Institute (2017), it was estimated that around USD 250 billion were spent annually by consumers on travel and tourism related activities but only around USD 100 billion were generated through this industry which goes unspent due to low penetration rates of these services compared with hotels and restaurants globally.
Regional Analysis:
North America dominated the global hospital gas market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies are some factors driving the regional market growth. In addition, increasing demand for medical gases owing to their superior characteristics is expected to drive industry expansion over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising patient population and prevalence of chronic diseases coupled with improving healthcare facilities in emerging countries such as China and India. Moreover, government initiatives encouraging domestic production are likely to support industry development over next eight years.
Growth Factors:
- Increasing demand for hospital gas from the medical sector as it is used in various medical procedures and treatments.
- Rising number of hospitals and clinics across the globe, which will lead to an increase in demand for hospital gas.
- Growing awareness about the benefits of using hospital gas among healthcare professionals and patients alike.
- Technological advancements that are taking place in the field of medical gases, which is resulting in new applications for these gases and an increase in their demand from hospitals worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospital Gas Market Research Report
By Type
Oxygen, Nitrous Oxide, Medical Air, Others
By Application
Hospitals & Clinics, Home Healthcare, Universities & Research Institutions, Pharmaceutical & Biotechnology Industries
By Companies
Air Liquide, Praxair, Air Products, Linde Healthcare, TNSC (MATHESON)
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Hospital Gas Market Report Segments:
The global Hospital Gas market is segmented on the basis of:
Types
Oxygen, Nitrous Oxide, Medical Air, 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
Hospitals & Clinics, Home Healthcare, Universities & Research Institutions, Pharmaceutical & Biotechnology Industries
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
- Praxair
- Air Products
- Linde Healthcare
- TNSC (MATHESON)
Highlights of The Hospital Gas 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
- Medical Air
- Others
- By Application:
- Hospitals & Clinics
- Home Healthcare
- Universities & Research Institutions
- Pharmaceutical & Biotechnology Industries
- 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 Hospital Gas 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
- Identifying Appropriate Advertising Appeals
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?
Hospital gas is a type of air that is used in hospitals to help reduce the risk of infection.
Some of the major players in the hospital gas market are Air Liquide, Praxair, Air Products, Linde Healthcare, TNSC (MATHESON).
The hospital gas market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hospital Gas 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. Hospital Gas Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hospital Gas Market - Supply Chain
4.5. Global Hospital Gas Market Forecast
4.5.1. Hospital Gas Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hospital Gas Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hospital Gas Market Absolute $ Opportunity
5. Global Hospital Gas 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. Hospital Gas Market Size and Volume Forecast by Type
5.3.1. Oxygen
5.3.2. Nitrous Oxide
5.3.3. Medical Air
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hospital Gas 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. Hospital Gas Market Size and Volume Forecast by Application
6.3.1. Hospitals & Clinics
6.3.2. Home Healthcare
6.3.3. Universities & Research Institutions
6.3.4. Pharmaceutical & Biotechnology Industries
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hospital Gas 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. Hospital Gas 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 Hospital Gas 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. Hospital Gas 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 Hospital Gas Demand Share Forecast, 2019-2026
9. North America Hospital Gas 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 Hospital Gas 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 Hospital Gas Market Size and Volume Forecast by Application
9.4.1. Hospitals & Clinics
9.4.2. Home Healthcare
9.4.3. Universities & Research Institutions
9.4.4. Pharmaceutical & Biotechnology Industries
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hospital Gas Market Size and Volume Forecast by Type
9.7.1. Oxygen
9.7.2. Nitrous Oxide
9.7.3. Medical Air
9.7.4. 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 Hospital Gas Demand Share Forecast, 2019-2026
10. Latin America Hospital Gas 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 Hospital Gas 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 Hospital Gas Market Size and Volume Forecast by Application
10.4.1. Hospitals & Clinics
10.4.2. Home Healthcare
10.4.3. Universities & Research Institutions
10.4.4. Pharmaceutical & Biotechnology Industries
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hospital Gas Market Size and Volume Forecast by Type
10.7.1. Oxygen
10.7.2. Nitrous Oxide
10.7.3. Medical Air
10.7.4. 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 Hospital Gas Demand Share Forecast, 2019-2026
11. Europe Hospital Gas 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 Hospital Gas 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 Hospital Gas Market Size and Volume Forecast by Application
11.4.1. Hospitals & Clinics
11.4.2. Home Healthcare
11.4.3. Universities & Research Institutions
11.4.4. Pharmaceutical & Biotechnology Industries
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hospital Gas Market Size and Volume Forecast by Type
11.7.1. Oxygen
11.7.2. Nitrous Oxide
11.7.3. Medical Air
11.7.4. Others
11.8. Basis 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 Hospital Gas Demand Share, 2019-2026
12. Asia Pacific Hospital Gas 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 Hospital Gas 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 Hospital Gas Market Size and Volume Forecast by Application
12.4.1. Hospitals & Clinics
12.4.2. Home Healthcare
12.4.3. Universities & Research Institutions
12.4.4. Pharmaceutical & Biotechnology Industries
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hospital Gas Market Size and Volume Forecast by Type
12.7.1. Oxygen
12.7.2. Nitrous Oxide
12.7.3. Medical Air
12.7.4. 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 Hospital Gas Demand Share, 2019-2026
13. Middle East & Africa Hospital Gas 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 Hospital Gas 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 Hospital Gas Market Size and Volume Forecast by Application
13.4.1. Hospitals & Clinics
13.4.2. Home Healthcare
13.4.3. Universities & Research Institutions
13.4.4. Pharmaceutical & Biotechnology Industries
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hospital Gas Market Size and Volume Forecast by Type
13.7.1. Oxygen
13.7.2. Nitrous Oxide
13.7.3. Medical Air
13.7.4. 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 Hospital Gas Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hospital Gas Market: Market Share Analysis
14.2. Hospital Gas Distributors and Customers
14.3. Hospital Gas Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Air Liquide
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Praxair
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Air Products
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Linde Healthcare
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TNSC (MATHESON)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
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
