Healthcare

Global Medical Gases and Equipment Market

April 7, 2020
ID: SR/HC-30
Format:Pdf
Pages:220

Global Medical Gases and Equipment Market- By Product (Oxygen, Medical Air, Nitrogen, Carbon Dioxide, Nitrous Oxide, Helium, Ethylene Oxide, Blood-gas Mixture, Cylinder, Hoses, Manifold, Regulator), By Application (Therapeutic, Diagnostics, Pharmaceutical manufacturing and research and Other), By End- Use (Hospitals, Home Healthcare, Pharmaceutical and Biopharmaceutical Companies, Diagnostic and Research Laboratories, Academic Institutes and Research Institutes), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.

Description

Global Medical Gases and Equipment Market Overview

Medical gas is a gas used directly or indirectly in the pharmaceutical industry, and medical gas equipment used to produce medical gas. Also, medical gases are mainly utilized directly as coolants and disinfectants in patients’ therapeutic procedures. Global medical gases divided into pure medical gases and mixed medical gases.

Moreover, the medical gas system refers to a positive pressure system device that produces, stores, and centrally delivers medical gas. Its use for patients or medical equipment through pipelines, and a negative pressure system device that excludes patient body fluids, dirt, therapeutic liquid, and exhaust gas.

Global Medical Gases and Equipment Market Insights

The global Medical gas and equipment market to fuel the market growth at propelling CAGR in the forecast period from 2020-2027. The rising chronic respiratory diseases, pollution, smoke, rapid growth of the geriatric population, rising technology, and healthcare industry, and emerging cases of preterm births are deriving the market demand for the global Medical Gases and Equipment market.

Medical gas is an essential support for the lifeline of hospital medical services and life-saving. Medical gases mainly include oxygen, nitrogen, carbon dioxide, nitrous oxide, compressed air, vacuum negative pressure suction, etc. It mainly used in operating rooms, intensive care units, general wards, hyperbaric oxygen chambers, ventilators etc.

Moreover, the rising population around the world has also affected the market share of the Medical Gases and Equipment market. Factors such as air pollution and smoking habits of some people, the number of patients with lung diseases has increased, and the demand for medical Gases and Equipment has been growing.

According to WHO, about 6% of the death caused due to pulmonary diseases and which also predicted that in future (chronic obstructive pulmonary diseases) COPD would become the top three diseases in the world that causes death. Oxygen therapy mainly used for treating COPD and prevents artery hypertension. Therefore, with the increasing prevalence of chronic diseases, oxygen, and other medical gases will be needed to cure respiratory diseases. Thus, the market share of the global Medical Gases and Equipment will bolster in the future.

Furthermore, the rising road accident cases, where the patient is needed immediate ambulatory care for various surgeries required oxygen gas for life care settings, will fuel the market demand for the oxygen gas in the global Medical Gases and Equipment market. Besides, rising technology and improved equipment design, which is portable, lightweight, helps in the booming of the medical industry.

Growth Driver

Chronic Diseases

The rising pollution due to industries waste, vehicle smoke, coupled with obesity, changing eating habits, and lifestyle of the people have increased the chronic diseases. The respiratory diseases are mainly prevalent in the geriatric population, which also fuels the chances of getting a heart attack, diabetes. Thus, the rising cases of chronic diseases due to various factors are fueling the demand for the global medical gas and equipment market.

Technology advancement

The advancement in technology in the healthcare industry has improved the chances of saving lives and smoothening the flow between patient and doctor. The rising technology has redesigned various functions, tools, of the hospitals to improve the quality of care given to the patients. The technology advancement has reduced the cost of the equipment coupled with portability and educational content, which has bolstered the global gas and equipment market.

By product Segmental Analysis

Based on product, the global Medical Gases and Equipment market segmented into Oxygen, Medical Air, Nitrogen, Carbon Dioxide, Nitrous Oxide, Helium, Ethylene Oxide, Blood-gas Mixture, Cylinder, Hoses, Manifold, Regulator. The oxygen gas has dominated the market of the global Medical Gases and Equipment market. Oxygen considered as the life support system for human beings, and it majorly required for the person suffering from a respiratory problem. In addition to it, the rising geriatric population, chronic respiratory diseases, coupled with road accidents where the patient needs immediate oxygen gas for survival makes oxygen gas holds the largest market share in the Medical Gases and Equipment market worldwide. Moreover, the cylinder will also fuel the market demand in the future as it contains pure gases and majorly used in homes and healthcare setups.

By Application Segmental Analysis

Based on the Application, the global Medical Gases and Equipment market classified into Therapeutic, Diagnostics, Pharmaceutical manufacturing, and research and Other. The therapeutic segment dominated the largest market share in the global Medical Gases and Equipment market. The therapeutic further segmented into Respiratory Diseases, Cardiovascular Diseases, Anesthesia, Cryosurgery, and Others. Respiratory diseases and cardiovascular diseases are the primary growth factor in deriving the market demand for the global Medical Gases and Equipment market. It is owing to increasing pollution coupled with obesity in children, adults. The geriatric population has increased respiratory diseases. Therefore, the therapeutic segment will fuel the market value of the global Medical Gases and Equipment market.

By End-Use Segmental Analysis

Based on end-use, the global Medical Gases and Equipment market distributed into Hospitals, Home Healthcare, Pharmaceutical, and Biopharmaceutical Companies, Diagnostic and Research Laboratories, Academic Institutes, and Research Institutes. The hospital’s segment holds the largest market share in the global Medical Gases and Equipment market. It is mainly owing to the usage of medical gases and medical equipment in hospitals. Additionally, increasing medical facilities with advance equipment and infrastructure have also added to the rising demand for hospitals in the global Medical Gases and Equipment market.

By Region Segmental Analysis

Based on geography, the global Medical Gases and Equipment market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America will be expecting to witness the highest growth during the forecast period from 2020-2027. North America dominates the Medical Gases and Equipment market. The rising disposable income, advancement in technology, rising geriatric population, emerging obesity population, and increasing incidence related to respiratory diseases have fueled the demand for the global Medical Gases and Equipment market.

Competitor Analysis

Companies such as Air Products and Chemicals, Inc., Linde Group, Air Liquide, Praxair, Inc., Taiyo Nippon Sanso Corp., SOL SpA, Atlas Copco, Messer Group GmbH, and GCE Holding AB and among others are key players in the global Medical Gases and Equipment market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global Medical Gases and Equipment manufacturing companies
Research organizations and consulting companies’ Medical Gases and Equipment
Regulatory bodies

Scope of the report

Report Attribute	Details
Market size value in 2020	USD 16.83 Billion
Revenue forecast in 2027	USD 28.25 Billion
Growth Rate	CAGR of 7.85% from 2020 to 2027
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Air Products and Chemicals, Inc., Linde Group, Taiyo Nippon Sanso Corp., Air Liquide, Praxair, Inc., SOL Spa, Atlas Copco, Messer Group GmbH, and GCE Holding AB.

Recent Developments

In September 2021, Renesas expanded its medical and industrial environmental sensing portfolio with new thermopile-based detectors for CO2 sensors.
In April 2021, Serbia signed MoU with Messer to ensure medical gas and equipment supplies for future emergencies.
In February 2021, INOX Air Products (INOXAP) announced to invest Rs 2,000 crore to build eight new air separation units across the country.

The objective of the Research

Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Product

By Application

Therapeutic
Diagnostics
Pharmaceutical manufacturing and research
Other

By End-use

Hospitals
Home Healthcare
Pharmaceutical and Biopharmaceutical Companies
Diagnostic and Research Laboratories
Academic Institutes and Research Institutes

By Region

Europe
North America
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is the growth rate of the Global Medical Gases and Equipment Market?

The growth rate of the Global Medical Gases and Equipment Market is 7.85% from 2021 to 2027.

What is the value of the Medical Gases and Equipment Market?

The size of the Global Medical Gases and Equipment Market is USD 16.83 billion in 2020, which will reach USD 28.25 Billion by 2027.

What are the growth drivers of the Global Medical Gases and Equipment Market?

Technological advancements, rising chronic diseases are the growth drivers of the Global Medical Gases and Equipment Market.

Who are the end-users of the Medical Gases and Equipment Market products?

Hospitals, Home Healthcare, Academic Institutes and Research Institutes, Pharmaceutical and Biopharmaceutical Companies, Diagnostic and Research Laboratories are the end-users of the Medical Gases and Equipment Market products.

What is the competitive landscape of the Global Medical Gases and Equipment Market?

Air Products and Chemicals, Inc., Linde Group, Taiyo Nippon Sanso Corp., Air Liquide, Praxair, Inc., SOL Spa, Atlas Copco, Messer Group GmbH, and GCE Holding AB are the key players in the global Medical Gases and Equipment Market.

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