Medical Gas & Equipment
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
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[184 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 Market
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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.

Regional Insights

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.

Market Dynamics

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
Market Segmentation Analysis
  • 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.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Medical Gas & Equipment Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Medical Gas & Equipment Market.

Porter’s Five Forces Analysis

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.

Value Chain & Critical Path Analysis

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 the <> 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.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Medical Gas & Equipment Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Medical Gas & Equipment Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Medical Gas & Equipment Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Medical Gas & Equipment Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Medical Gas & Equipment Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

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.

FPNV Positioning Matrix

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).

Market Share Analysis

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.

Recent Developments
  • 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: 2023-11-11]

  • 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: 2023-05-12]

  • 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: 2023-03-15]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Medical Gas & Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

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

Medical Gas & Equipment Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

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

This research report offers invaluable insights into various crucial aspects of the Medical Gas & Equipment Market:

  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.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  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?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Medical Gas & Equipment Market, by Product
  7. Medical Gas & Equipment Market, by Form of Delivery
  8. Medical Gas & Equipment Market, by Application
  9. Medical Gas & Equipment Market, by End Use
  10. Americas Medical Gas & Equipment Market
  11. Asia-Pacific Medical Gas & Equipment Market
  12. Europe, Middle East & Africa Medical Gas & Equipment Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 858]
  17. List of Companies Mentioned [Total: 27]
The Vital Role of Medical Gas and Equipment in Home Health Care
October 15, 2023
BLOG
The Vital Role of Medical Gas and Equipment in Home Health Care
With individuals wanting to avoid hospitals due to the COVID-19 pandemic, the adoption of home health care has grown tremendously and so requires portable and reliable medical gas and equipment. These devices are crucial in enhancing patient care by providing therapeutic gases, such as oxygen and nitrous oxide, vital to their survival and recovery. This blog explores the importance of medical gas and equipment in home health care.

Improved Quality of Life:

Medical gases such as oxygen therapy play a significant role in enhancing the lives of chronic obstructive pulmonary disease (COPD) patients. With the use of portable oxygen cylinders, patients can engage in daily activities such as cooking, cleaning, and even traveling. This improves the quality of life by granting them independence and control over their lives.

Emergency Relief:

In home health care, emergencies requiring prompt attention may arise. Medical gas and equipment such as suction units, oxygen cylinders, regulators, and nebulizers are essential to ensure patients receive prompt care. These devices ensure that first responders and caregivers can quickly administer crucial therapies in emergencies.

Efficiency:

The standardization of medical gas and equipment in the home healthcare industry offers patients, their families, and healthcare providers a way to minimize errors in medical procedures. Standardized devices ensure uniformity in various aspects, such as flow rates, pressure, and concentration, which ultimately help improve clinical outcomes while reducing procedural complexity.

Cost-Effective:

With the sharp rise in the cost of healthcare services, home healthcare is becoming a preferable alternative. Medical gas and equipment in home health care provide convenient and efficient services and tend to be more cost-effective. The use of portable oxygen concentrators, for instance, eliminates the need for a bulk oxygen supply, simplifying the delivery process and reducing costs.

Future of Medical Gas & Equipment:

Advancements in technology have improved the design, safety, and flexibility of medical gas and equipment. With the development of smart devices and AI, these systems are becoming more intelligent, adaptable, and automated, facilitating fast, accurate diagnoses and treatment. Further, personalization of medical gas and equipment can allow doctors to tailor medical therapies to meet their patients' specific needs, leading to better outcomes.

The growing need for quality healthcare services in the home healthcare industry continues to drive the growth of medical gas and equipment. These devices have proved to be cost-effective, efficient, and vital in enhancing patients' quality of life, leading to better clinical outcomes. As technology continues to revolutionize the healthcare industry, the integration of AI and personalization of devices will help patients experience more comprehensive, efficient, and personalized medical therapies.

Frequently Asked Questions
  1. How big is the Medical Gas & Equipment Market?
    Ans. The Global Medical Gas & Equipment Market size was estimated at USD 20.81 billion in 2023 and expected to reach USD 22.51 billion in 2024.
  2. What is the Medical Gas & Equipment Market growth?
    Ans. The Global Medical Gas & Equipment Market to grow USD 36.28 billion by 2030, at a CAGR of 8.26%
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