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Medical Gas Market - Global Industry Analysis

Medical Gas Market By Product (Medical Gases, Medical Pure Gases, Oxygen Gases, Carbon Dioxide Gases, Nitrogen Gases, , Helium Gases, Medical Gas Mixtures, Blood Gas Mixtures, Carbon Dioxide-Oxygen Mixtures, Laser Gas Mixture, Aerobic Mixture, Ethylene Oxide, Helium Oxygen Mixtures), By Medical Gas Equipment (Manifolds, Outlets, Hose Assemblies And Valves, Alarm Systems, Cylinders, Flowmeters, Regulators, Medical Air Compressors, Vacuum Systems, Masks), By Application (Therapeutic, Diagnostic, Others), By End User (Hospitals, Home Healthcare, Emergency Services, Pharmaceutical Industry, Academic & Research Institutions), And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 27-Jul-2021 Category: Medical Device Report Format : PDF Pages: 155 Report Code: ZMR-2516 Status : Published

The global Medical Gas market accounted for USD 17.7 Billion in 2020 and is expected to reach USD 25.6 Billion by 2028, growing at a CAGR of 4.6% from 2021 to 2028.

Description

Market Overview   

The global Medical Gas market accounted for USD 17.7 Billion in 2020 and is expected to reach USD 25.6 Billion by 2028, growing at a CAGR of 4.6% from 2021 to 2028.  

Rising incidence of chronic diseases, a growing number of industry-friendly safety initiatives undertaken by the government, implementation of the U.S. FDA safety and innovation act, growing base of geriatric population, and increasing demand for home healthcare and point of care products are a number of the main factors propelling the expansion of the medical gases market. Medical gases are labeled as medical products and subsequently, the related equipment is termed as medical devices. They're frequently employed by healthcare professionals for diagnostic and treatment purposes. Additionally, it's varied usage in the pharmaceutical and biotechnology industry, such as pharmaceutical manufacturing, cell culture studies, and drug discovery and development.

COVID-19 Impact Analysis:

The ongoing COVID-19 pandemic undesirably impacted the healthcare market share in 2020 (not for all the segments but a major part of it due to delayed hospital appointments). However, the growing need for medical gas cylinders during chronic disease treatment and surgeries has been instrumental in driving the growth of the market. Still, stringent regulations might hamper market growth. The lockdowns that have been enforced by the spread of COVID-19 across the world have not only affected the manufacturing of devices but also reduced consumer demand. Various scenarios have been analyzed based on inputs from various secondary sources and the current data available about the situation.  

Growth Factors

The increasing geriatric population vulnerable to chronic conditions is additionally expected to spice up demand for technologically advanced equipment that aid in the management and treatment of varied such conditions. Adulthood heightens the necessity for healthcare by making individuals more vulnerable to diseases especially concerning the respiratory system thus triggering patient hospitalization rates. Statistics suggest that 55% to 60% of patients admitted to hospitals are administered with medical gases. Thus, with a rise in the geriatric population globally, the demand for medical gases is expected to rise considerably.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Product Segment Analysis Preview

Based on type, the lung diffusion mixtures segment accounted for the largest share of the medical gas mixtures market in 2020. This can be attributed to the increase in the number of chronic diseases, the high proportion of untreated patients, and the rising aging population.

Application Segment Analysis Preview

Based on applications, the therapeutic applications segment accounted for the highest share of the medical gases and equipment market in 2020. This is due to the high prevalence of cardiovascular diseases and respiratory, which has resulted in increased consumption of medical gases and equipment.

End-User Segment Analysis Preview

Based on end-users, the hospital's segment accounted for the largest share of the medical gases and equipment market in 2020. This is mainly due to the high consumption of medical gases and equipment by hospitals due to the large patient pool during this COVID-19 pandemic.

Equipment Segment Analysis Preview

The pure gases in high-pressure cylinders are expected to dominate the market in the coming years. This is owing to the widespread use of these devices in home healthcare setups and hospitals. Many of the major players in the medical gases and equipment market also offer products in high-pressure cylinders.

Regional Analysis Preview

Regionally, North America is dominated to carry the most important market size within the medical gases and equipment market during the forecast period, followed by the European region. On the opposite hand, the Asia Pacific market is dominated to witness the very best growth during the forecast period. The rapid climb within the developing healthcare industry across China and India is dominated to supply significant growth opportunities for players operating during this market during the forecast period. 

Key Market Players & Competitive Landscape

Some of the major players in Medical Gas market are  Air Products and Chemicals, Inc., Air Liquide, Atlas Copco, Airgas, Praxair, Inc., GCE Holding AB, The Linde Group, Taiyo Nippon Sanso Corp., SOL-SpA, Inc Messer Group, and Emergency Services.

The global Medical Gas market is segmented as follows:   

By Product

  • Medical Pure Gases
    • Oxygen gases                                    
    • Carbon dioxide gases                     
    • Nitrogen gases
    • Nitrous oxide gases
    • Medical air gases
    • Helium gases                                      
  •     Medical Gas Mixtures
    • Blood gas Mixtures                              
    • Lung diffusion mixtures                               
    • Nitrous oxide-oxygen mixtures                                    
    • Carbon dioxide-oxygen mixtures                                
    • Laser gas mixtures                                  
    • Aerobic mixtures
    • Anaerobic Mixtures                         
    • Ethylene oxide                           
    • Helium-oxygen mixtures

By Medical Gas Equipment

  • Manifolds
  • Outlets
  • Hose assemblies and valves
  • Alarm systems
  • Cylinders
  • Flowmeters
  • Regulators
  •  Medical air compressors
  • Vacuum systems
  • Masks  

By Application

  • Therapeutic
  • Diagnostic
  • Others

By End User

  • Hospitals
  • Home Healthcare
  • Emergency Services
  • Pharmaceutical Industry
  • Academic & Research Institutions

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Equipment
        • 2.1.1.3. Market Attractiveness Analysis, By Application
        • 2.1.1.4. Market Attractiveness Analysis, By By End-User
        • 2.1.1.5. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Medical Gas Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Medical Gas Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Medical Pure Gases
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Medical Gas Mixtures
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Medical Gas Market – Equipment Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Equipment, 2020 & 2028
    • 5.2. Manifulds
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Outlets
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Hose assemblies and valves
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Alarm systems
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Cylinders
      • 5.6.1. Market Size and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.7. Flowmeters
      • 5.7.1. Market Size and Forecast, By Region (USD Billion)
      • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.8. Regulators
      • 5.8.1. Market Size and Forecast, By Region (USD Billion)
      • 5.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.8.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.9. Medical Air Compressors
      • 5.9.1. Market Size and Forecast, By Region (USD Billion)
      • 5.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.9.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.10. Vacuum Systems
      • 5.10.1. Market Size and Forecast, By Region (USD Billion)
      • 5.10.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.10.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.11. Masks
      • 5.11.1. Market Size and Forecast, By Region (USD Billion)
      • 5.11.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.11.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Medical Gas Market – Application Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 6.2. Therapeutic
      • 6.2.1. Market Size and Forecast, By Region (USD Billion)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. DIAGNOSTIC
      • 6.3.1. Market Size and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Others
      • 6.4.1. Market Size and Forecast, By Region (USD Billion)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Medical Gas Market – Processor Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By End User, 2020 & 2028
    • 6.2. Hospitals
      • 6.2.1. Market Size and Forecast, By Region (USD Billion)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Home Healthcare
      • 6.3.1. Market Size and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Emergency Services
      • 6.4.1. Market Size and Forecast, By Region (USD Billion)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Pharmaceutical Industry
      • 6.5.1. Market Size and Forecast, By Region (USD Billion)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. Academic & Research Institutions
      • 6.6.1. Market Size and Forecast, By Region (USD Billion)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Medical Gas Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Equipment, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.5. North America Market Revenue, By End-User, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Equipment, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Application, 2016 – 2028
      • 7.2.5.4 U.S. Market Revenue, By End-User, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Product, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Equipment, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Application, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By End-User, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Equipment, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Application, 2016 – 2028
        • 7.2.7.4. Market Revenue, By End-User, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Equipment, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.5. Europe Market Revenue, By End-User, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Product, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Equipment, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Application, 2016 – 2028
        • 7.7.5.4. Germany Market Revenue, By End-User, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Product, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Equipment, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Application, 2016 – 2028
      • 7.3.6.4 France Market Revenue, By End-User, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Equipment, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Application, 2016 – 2028
        • 7.3.7.4. U.K. Market Revenue, By End-User, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Product, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Equipment, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Application, 2016 – 2028
        • 7.3.8.4. Italy Market Revenue, By End-User, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Product, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Equipment, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Application, 2016 – 2028
        • 7.3.9.4. Spain Market Revenue, By End-User, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Equipment, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Application, 2016 – 2028
        • 7.3.10.4. Rest of Europe Market Revenue, By End-User, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Equipment, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Product, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Equipment, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Application, 2016 – 2028
        • 7.4.5.4. China Market Revenue, By End-User, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Equipment, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Application, 2016 – 2028
        • 7.4.6.4. Japan Market Revenue, By End-User, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Product, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Equipment, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Application, 2016 – 2028
        • 7.4.7.4. India Market Revenue, By End-User, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Equipment, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Application, 2016 – 2028
        • 7.4.8.4. South Korea Market Revenue, By End-User, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Equipment, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Application, 2016 – 2028
        • 7.4.9.4. South-East Asia Market Revenue, By End-User, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Equipment, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
        • 7.4.10.4. Rest of Asia Pacific Market Revenue, By End-User, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Equipment, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.5. Latin America Market Revenue, By End-User, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Equipment, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Application, 2016 – 2028
        • 7.5.5.4. Brazil Market Revenue, By End-User, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Equipment, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Application, 2016 – 2028
        • 7.5.6.4. Argentina Market Revenue, By End-User, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Equipment, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Application, 2016 – 2028
        • 7.5.7.4. Rest of Latin America Market Revenue, By End-User, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Equipment, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.5. The Middle-East and Africa Market Revenue, By End-User, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Equipment, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Application, 2016 – 2028
        • 7.6.5.4. GCC Countries Market Revenue, By End-User, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Equipment, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Application, 2016 – 2028
        • 7.6.6.4. South Africa Market Revenue, By End-User, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Equipment, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
        • 7.6.7.4. Rest of Middle-East Africa Market Revenue, By End-User, 2016 – 2028
  • Chapter No. 8 Medical Gas Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technology Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Medical Gas Market: Company Market Share, 2019
      • 9.1.2. Global Medical Gas Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 9.1.3. Global Medical Gas Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Medical Gas Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Air Products and Chemicals, Inc
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfolio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. Air Liquide
    • 10.3. Atlas Copco
    • 10.4. Airgas
    • 10.5. Praxair, Inc.
    • 10.6. GCE Hulding AB
    • 10.7. The Linde Group
    • 10.8. Taiyo Nippon Sanso Corp
    • 10.9. SOL-SpA Inc
    • 10.10. Messer Group
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodology
    • 12.1. Research Methodology
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Medical Gas market. Zion Research has collected and analyzed key data belong to the global Medical Gas market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Medical Gas across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Medical Gas industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Medical Gas market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Medical gas systems in hospitals are, in a word, lifesaving. These assemblies supply piped oxygen, nitrous oxide, nitrogen, carbon dioxide, and medical air to hospital areas such as patient rooms, recovery areas, operating rooms, and more. In hospitals, there are computerized alarm systems to monitor gas flow and alert hospital staff to any abnormalities. Medical gases are disposed of via vacuum equipment, generally supplied by various vacuum pump systems that exhaust to the atmosphere. It is necessary to establish a monitoring system to maintain a stable supply of medical gases. Medical Air can be referred to as a clean supply of compressed air which is used in hospitals and healthcare facilities to distribute medical gas. As it is free from contamination and particles, has no oil or odors, and is dry to prevent water buildup in your facility's pipeline. Many surgeons rely on the medical air compressor to keep the patient comfortable and breathing.

Enhancing home healthcare market is major drivers of Medical Gas Market. Additionally, increasing prevalence of respiratory diseases, the high prevalence of tobacco smoking, rising aging population and rapid urbanization are some of the other driver factors. According to World Health Organization (WHO), around 235 million people are suffering from asthma, and 383,000 deaths caused in 2015. The strongest risk factors for causing asthma are a combination of genetic tendency and environmental exposure to inhaled substances & particles which may provoke allergic reactions or irritate the airways. Substances including allergens like house dust mites in bedding, carpets and stuffed furniture, pollution and pet dander, pollens and molds, tobacco smoke, chemical irritants in the workplace and air pollution. In addition to enhancing home healthcare market, changing eating habits and execution of the U.S. Food and Drug Administration (FDA) Safety and Innovation Act leads to increased demand for the medical gas market. However, changes in medical gas calibration standards may restrain the market growth. Also, a worldwide shortage of helium and declining reimbursements policies for respiratory therapies may restrain the medical gas market. However, technological advancement in the medical gas market and market expansion strategy adopted by emerging countries creating opportunities in the medical gas market in the coming years.

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The Medical Gas Market is classified based on product, medical gas equipment, application, end user, and region. On the basis of product, the market is divided medical pure gases and medical gas mixtures. Medical pure gases are further classified into nitrogen gas, medical air, carbon dioxide gas, helium gas, nitrous oxide gas and oxygen gas. Medical gas mixtures are further classified into blood gas mixtures, lung diffusion mixtures, nitrous oxide-oxygen mixtures, carbon dioxide-oxygen mixtures,  laser gas mixtures, aerobic mixtures, anaerobic mixtures, ethylene oxide, helium oxygen mixtures. Medical pure gases segment accounted for the largest share of the medical gases market. This is a major reason for the increasing use of medical gases for the diagnosis and treatment of various respiratory diseases. The growing incidences of chronic obstructive pulmonary disease (COPD), asthma, and other medical conditions such as cardiovascular and lifestyle diseases are further expected to drive the demand of medical gases and equipment during the forecast period.    

On the basis of medical gas equipment market is segmented as manifolds, alarm systems, outlets, hose assemblies and valves, cylinders, regulators, flowmeters, medical air compressors, vacuum systems, masks. On the basis of the application, the market is divided into therapeutic, diagnostic and pharmaceutical manufacturing & research. On the basis of the end, user market is divided into hospitals, emergency services, the pharmaceutical industry, home health care and academic & research institutions.

By geography, North America dominates the medical gas market owing to the growing elderly population base and the rising prevalence of chronic diseases is expected to propel the sector growth in the region. In addition to growing elderly population base and the rising prevalence of chronic diseases, improved access to healthcare infrastructure, escalating demand for minimally invasive medical interventions and favorable industry initiatives such as the implementation of U.S. FDA Safety and Innovation Act will drive business growth. Owing to large population base countries such as India and china in the Asia Pacific region medical gas market is growing at fastest growth rate. Latin America is another key regional market and is expected to moderate growth in the coming years owing to rising healthcare infrastructure and raising awareness among the people. The Middle East and Africa are anticipated to witness significant growth during the forecast period.

Some of the key players in Medical Gas Market include Air Products and Chemicals, Inc., Air Liquide, Atlas Copco, Airgas, Praxair, Inc., GCE Holding AB, The Linde Group, Taiyo Nippon Sanso Corp., SOL-SpA, Inc Messer Group, and others.


Frequently Asked Questions

The global Medical Gas market was valued at USD 17.7 Billion in 2020.

The global Medical Gas market is expected to reach USD 25.6 Billion by 2028, growing at a CAGR of 4.6% between 2021 to 2028.

The increasing geriatric population susceptible to chronic conditions is also expected to boost demand for technologically advanced equipment that aid in the management and treatment of various such conditions.

Regionally, North America has been leading the worldwide Medical Gas market and is anticipated to continue in the dominant position in the years to come.

Some of the major players in Medical Gas market are  Air Products and Chemicals, Inc., Air Liquide, Atlas Copco, Airgas, Praxair, Inc., GCE Holding AB, The Linde Group, Taiyo Nippon Sanso Corp., SOL-SpA, Inc Messer Group, and Emergency Services.
 

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