Medical Gas & Equipment Market by Product (Medical Gas Equipments, Medical Gas Mixtures, Medical Pure Gas), Form of Delivery (Bulk Delivery, High-Pressure Cylinders, Liquid Tanks), Application, End Use - Global Forecast 2024-2030

[182 Pages Report] The Medical Gas & Equipment Market size was estimated at USD 20.81 billion in 2023 and expected to reach USD 22.51 billion in 2024, at a CAGR 8.26% to reach USD 36.28 billion by 2030.

Medical gas & equipment comprise a vital part of the healthcare infrastructure, facilitating diagnostic, therapeutic, and life-support functions in various settings. These gases, including oxygen, nitrous oxide, medical air, and several others, are used in operating rooms, emergency departments, patient rooms, and, at times, residential settings. The equipment associated with medical gases includes delivery systems such as cylinders, concentrators, regulators, and pipeline components that ensure safe and efficient transport to the point of use. An aging global population prone to chronic illnesses increases the need for medical gases for long-term care. In addition, rising investments in healthcare infrastructure, particularly in emerging economies, augment the deployment of medical gases and equipment. However, the high medical gas & equipment costs and complex regulatory requirements significantly constrain medical equipment adoption. Nevertheless, the ongoing investments in medical gas plants and the development of portable and lightweight gas equipment are expected to create growth opportunities for the medical gas & equipment market in the coming years.

Asia-Pacific showcases substantial growth potential for the medical gas & equipment market, fueled by increasing healthcare expenditure, a growing population with healthcare awareness, and an escalating number of hospitals and healthcare facilities. An aging population and government initiatives toward healthcare reform have increased investments in medical gas production facilities across Asia-Pacific. The Americas region represents a developing market with a high need for medical gases and equipment due to well-established healthcare systems and regulatory frameworks ensuring product quality and technological adoption rates. Recent investments in the healthcare infrastructure, coupled with an increasing number of surgical procedures, have bolstered the usage of medical gas & equipment in the Americas. The Europe, Middle East, and Africa (EMEA) region presents a diverse medical gas & equipment market landscape. Many EU countries feature mature markets with growth driven by innovations, high healthcare standards, and well-established regulatory frameworks. The Middle East is witnessing rapid healthcare infrastructure development and medical tourism growth. Africa’s medical gas & equipment market is emerging, with growing investments in healthcare systems and an increasing focus on building local manufacturing capabilities for medical gases and equipment.

The market dynamics represent an ever-changing landscape of the Medical Gas & Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

• Market Drivers
  • Increasing Prevalence of Chronic and Respiratory Diseases
  • Growing Adoption of Home Health Care and use of Portable Medical Gas Equipments
  • Favorable Initiatives by Government Organizations for Medical Gas & Equipment Manufacturing
• Market Restraints
  • Shortage and Price Volatility of Medical Gases
• Market Opportunities
  • Emerging Use of IoT and Other Technologies in Medical Gas Monitoring
  • Rising Investment and Organizational Efforts to Expand Medical Gas Access Worldwide
• Market Challenges
  • Safety Concerns and Regulations for the Medical Gases

• Product: Wide availability of medical gas equipment to ensure the controlled release of gas in healthcare operations

  Medical gas equipment comprises tools and machinery used for producing, distributing, and storing medical gases. Medical gas alarm systems are critical safety components designed to monitor the presence and pressures of medical gases being delivered to patients in healthcare facilities. Medical gas cylinders are constructed to withstand the pressures required to store medical gases safely and come with features that allow for controlled release as needed for patient care and medical procedures. Flowmeters are devices that precisely measure the flow rate of medical gases administered to patients. Hose assemblies and valves are integral to the medical gas delivery system, providing the necessary conduits and control mechanisms for the safe and efficient flow of medical gases from their source to the end-user point. Manifold systems are responsible for the control and distribution of medical gases from multiple cylinders, ensuring a continuous supply. Manifold systems automatically switch from empty to full cylinders without interrupting the gas flow and effectively manage the gas pressures and distribution to various facility parts. Medical gas mixtures serve many functions, including patient care, diagnostic testing, and equipment sterilization. Aerobic mixtures balance oxygen and other gases, such as nitrogen or helium, to facilitate oxidative processes necessary for sustaining life. Anaerobic mixtures contain a minimal amount of oxygen or are completely devoid, creating an environment suitable for the growth of anaerobic organisms. Blood gas mixtures contain precise concentrations of oxygen, carbon dioxide, and nitrogen balanced to replicate human blood gas levels accurately to assess respiratory and metabolic status in patient care contexts. Carbon dioxide-oxygen mixtures are utilized during insufflation procedures for endoscopic surgeries to inflate body cavities, enhancing visibility. Ethylene oxide effectively eliminates bacteria, fungi, and viruses without causing harm to delicate instruments. Medical pure gases are high-purity gases used individually for various medical procedures. Carbon Dioxide (CO2), in the medical context, is used as a respiratory stimulant to encourage deep breathing in post-operative patients or those with shallow breathing. Helium (He) is a non-reactive inert gas with applications in respiratory care. Medical air is high-purity air that has been filtered and is free from all contaminants. In medical applications, nitrogen (N2) serves primarily as a medical air component and a propellant for medical devices. Nitrous Oxide (N2O) is used during procedures, both minor and extensive, to reduce patient anxiety and pain. Oxygen (O2) is administered to patients to treat or prevent hypoxia or oxygen deficiency.

• End Use: Emerging adoption of medical gas & equipment in home care settings

  Academic research institutes utilize medical gases for analytical and experimental research purposes. They often require high-purity gases for applications such as cell culture growth, in vitro fertilization, and drug discovery processes. Precision and reliability are critical, as the gas quality can directly impact the research outcomes. Biopharmaceutical companies use medical gases throughout the development and manufacturing process of biological drugs. These gases are integral for maintaining controlled environments for cultivating cells and bacteria and in processes such as lyophilization for drug preservation. Emergency services, including ambulances and first responders, predominantly rely on medical oxygen and air for life-support and trauma care. Medical oxygen is required for patient resuscitation and support, while air may be used to drive pneumatic medical devices. Oxygen therapy is the most common application, supporting patients with respiratory conditions in hospitals. Hospitals use medical gas & equipment for various applications, including anesthesia, intensive care, and respiratory therapy. Hospitals need a reliable, constant supply of medical gases such as oxygen, nitrous oxide, and others at precise delivery pressures and flows.

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Medical Gas & Equipment Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

The value chain of the Medical Gas & Equipment Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of theMedical Gas & Equipment Market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

The regulatory framework analysis for the Medical Gas & Equipment Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Medical Gas & Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Medical Gas & Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

• Atlas Copco Acquired New Hampshire-based Medical Gas Systems Service Suppliers

  Atlas Copco expanded its foothold in the medical gas sector with the strategic acquisition of William G Frank Medical Gas Testing and Consulting, LLC, alongside Medical Gas Credentialing LLC, located in Concord, New Hampshire. With the acquisition, the company aims to bolster its medical gas solutions services, lauding the businesses for their exceptional service, technical prowess, and strong customer relations. [Published On: November 11, 2023]

• INOX Air Products Awarded Contract for Setting up 2 x 1800 TPD ASUs at Tata Steel’s Meramandali Plant at Odisha

  INOX Air Products recently secured a significant contract to establish two Air Separation Units (ASUs) at Tata Steel's Meramandali plant in Odisha. Each ASU will boast an impressive oxygen production capacity of 1800 tons per day and generate nitrogen, argon, and rare gases. The collaboration with Tata Steel reflects INOXAP's largest on-site partnership and the facility's creation with the highest liquid gas production at a single location—exceeding 600 TPD. [Published On: May 12, 2023]

• CVC Asia V invests in Samator Indo Gas, Indonesia’s Industrial and Medical Gas Company

  PT Samator Indo Gas Tbk, previously known as PT Aneka Gas Industri Tbk, announced a strategic transaction wherein Matrix Company Limited, backed by CVC Capital Partners-advised CVC Funds, acquired a significant minority interest for USD 155 million. The investment signifies a vote of confidence in Indonesia's economy and Samator Indo Gas's robust performance. [Published On: March 15, 2023]

The report delves into recent significant developments in the Medical Gas & Equipment Market, highlighting leading vendors and their innovative profiles. These include Greggersen Gasetechnik GmbH, Rotarex S.A., Schönn Medizintechnik GmbH, ILMO Products Company, Nippon Sanso Holdings Corporation, Digiline Systems Private Limited, GE Healthcare, Powerex, Ellenbarrie industrial Gases, Avante Health Solutions, Genstar Technologies Co, Inc., Yueyang kameter electronic special rare gas co., LTD., Honeywell International Inc., MEC Medical Ltd., Amcaremed Technology Co., Limited, Pattons Medical, Amico Group of Companies, ARAS Group of Companies, GCE Group AB, MagGas Medical Inc., Silbermann Medical Gas Systems, Atlas Copco Group, Ohio Medical LLC, Allied Healthcare Products, Inc. by Flexicare (Group) Limited, Linde PLC, SOL Group, and Koninklijke Philips N.V..

This research report categorizes the Medical Gas & Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
  • Medical Gas Equipments
    • Alarm system
    • Cylinders
    • Flowmeters
    • Hose Assemblies & Valves
    • Manifolds
    • Medical Air Compressors
    • Outlets
    • Regulators
    • Vacuum System
  • Medical Gas Mixtures
    • Aerobic Mixtures
    • Anaerobic Mixtures
    • Blood Gas Mixtures
    • Carbon dioxide-oxygen Mixtures
    • Ethylene Oxide
    • Helium Oxygen Mixtures
    • Lung Diffusion Mixtures
    • Nitrous oxide-oxygen Mixtures
  • Medical Pure Gas
    • Carbon Dioxide
    • Helium
    • Medical Air
    • Nitrogen
    • Nitrous Oxide
    • Oxygen
• Form of Delivery
  • Bulk Delivery
  • High-Pressure Cylinders
  • Liquid Tanks
• Application
  • Diagnostic
    • General Laboratory Applications
    • Medical Imaging
  • Pharmaceutical Manufacturing
  • Therapeutic
    • Anesthesia
    • Cardiovascular
    • Cryosurgery
    • Respiratory
• End Use
  • Academic Research Institutes
  • Biopharmaceutical Companies
  • Emergency Services
  • Home Care Settings
  • Hospitals

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?