Medical Gases And Equipment Market 2022
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PUBLISHED: 2022 ID: SMRC21391
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Medical Gases and Equipment Market Forecasts to 2028 – Global Analysis By Product (Medical Gas, Medical Gas Equipment), Application (Pharmaceutical Manufacturing and Research, Diagnostics), End User (Academic Institutes and Research Institutes, Ambulatory Surgical Centers) and By Geography

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4.4 (85 reviews)
Published: 2022 ID: SMRC21391

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Medical Gases and Equipment Market is accounted for $20.22 billion in 2021 and is expected to reach $39.90 billion by 2028 growing at a CAGR of 10.2% during the forecast period. Medical gases are specialized gases, which are used for medical purposes during patient diagnosis, anaesthesia, and treatment. Medical gases are the life-supporting element which gives direct impact in maintaining or saving the patient’s life. Medical gas equipment are the supply systems utilized by end users to provide or make or distribute medical gases in the piping system.

Market Dynamics:

Driver:

Growing Demand for Home Healthcare


The demand of home healthcare is increasing due to growing geriatric population, as it is the integral part of the primary healthcare service. Home healthcare provides older patients a better quality of life in their homes, limits the length of hospitalization, and provide more efficient treatment and continuous monitoring for greater efficacy. The advancement in home automation, remote medical assistance and pharmacology facilitates the development of technologies, such as respiratory assistance solutions; infusion system and external insulin pump systems, which assists the home delivery treatment for chronic disease patients. Therefore, it would lead to increase in demand of market in the home care setting.

Restraint:

Helium Scarcity 


Helium is extensively used for several applications in the healthcare industry, such as in medical imaging and as a carrier gas in GC and GC-MS procedures. Worldwide, the US accounts for a majority share of helium production. The US government stored helium in the federal helium reserve, which is managed by the US Bureau of Land Management. The helium taken out of the stockpiled federal helium reserve accounted for over one-third of the global helium supplies. The US government planned to shut down the oldest helium reservoir in Texas. This legislation emphasized that helium from the reserve should be drawn down at a slower rate and at higher prices to facilitate a smoother transition and prevent the rapid decline in the price of helium in the global market. The helium shortage has compelled MRI equipment manufacturers to look for alternate gases to cool MRI systems. This can negatively affect the growth of the overall market.

Opportunity:

Technological Advancements


The nature of the market for home care, in particular, is continuously changing owing to the availability of smaller and less-expensive equipment in the market. Considering the growth opportunities in this market space, several players are focusing on launching advanced products. Technological developments have provided a mounting range of functionality alternatives for several medical gas handling equipment used in hospital care and home care. Additionally, numerous associated medical gas equipment is gradually being improved to offer a better quality of care. The development of lightweight and portable medical gas handling equipment has emerged as a boon to the growing home healthcare market. In a competitive environment, technological innovation in terms of the development of lighter and more portable equipment for the homecare market and the integration of various types of gas handling equipment are expected to provide significant growth opportunities to market players.

Threat:

Regulatory Concern


The rules were introduced and they stressed the significance of regular servicing and periodic inspection of medical gas and vacuum equipment. Such regulatory changes raise the operational expenses of medical gas makers and distributors while also putting downward pressure on their pricing strategies. Medical gas and device producers and medical gas distributors are projected to suffer as a result of this, which will hurt their profit margins. Medical gases, and subsequently medical gas equipment, play a crucial role in the smooth functioning of the modern healthcare sector. Hence, with the implementation of numerous standards in manufacturing, installation, and periodic safety inspection, the total cost of ownership for medical gas equipment is observed to increase.

Hospital segment is expected to be the largest during the forecast period

Several medical types of equipment, for instance, flow meters, cryogenic products, regulators, medical air compressors, and others, are often required to deliver treatment to patients requiring critical care. Medical gases and equipment are an integral part of the hospital's industry This equipment is therefore mainstay in Intensive Care Units (ICUs) to Operation Theatres (OTs) across hospitals significant surge in demand with the increase in a number of hospitals across the globe. Furthermore, the rising investment of government funds in healthcare is spurring the growth of the market. For instance, the healthcare sector in India is expanding at a brisk pace, especially since the government has allowed foreign direct investment (FDI) in the industry.

The medical gas segment is expected to have the highest CAGR during the forecast period

Owing to the large usage of oxygen gas because of an increasing number of people effecting by respiratory diseases and undergoing emergency medical care. In medical settings, a gas mixture is defined as an admixture of two or more gases. In the hospital setting, oxygen and helium are typically used as part of a mix to create different levels for therapeutic needs. Oxygen mixtures may be created using air with supplemental oxygen included either through pressurized cylinders or membrane technology that absorbs it from atmospheric air creating concentrations up to 100%. These techniques deliver patients at risk for respiratory failure additional support in maintaining adequate levels of oxygen during critical illness.

Region with highest share:

The North America is projected to hold the highest market share, due to the presence of well-established healthcare and pharmaceutical sectors. The increasing use of medical gases and equipment in the management of various respiratory diseases, such as COPD and asthma. The growing incidences of COPD, asthma, and other medical conditions, such as cardiovascular and lifestyle-related diseases, are expected to drive the demand for medical gases and equipment in the United States, during the forecast period. The presence of state-of-the-art healthcare facilities, especially intensive care units, a well-established medical gas market, a high prevalence of patients with respiratory disorders, and the growing geriatric population have contributed to the largest share of the US market. In the United States, the medical gas sector is in the middle of a shift in standards, analysis, and delivery procedures, which results from the current increase in the use of home oxygen therapy to the modernization of medical gas standards and the means of supply.

Region with highest CAGR:

Europe is projected to have the highest CAGR. The rising number of hospitals coupled with the increase in adoption of home healthcare settings in the countries such as the U.K, France, Italy, and others are propelling the growth of the Europe market. According to the (WHO), life expectancy has risen in the district in the last few decades. The European market is witnessing growth mainly due to the increasing prevalence of chronic diseases and lifestyle-associated diseases, increasing demand for home healthcare, and increasing prevalence of respiratory diseases. Additionally, the aging population and increasing healthcare expenditure are also bolstering the market growth. Among the European nations, Germany is the largest contributor to the medical gases and equipment industry and is projected to grow during the forecast period.

Key players in the market:

Some of the key players profiled in the Medical Gases and Equipment Market include The Linde Group, Taiyo Nippon Sanso Corporation (Matheson Tri-Gas Inc.), SOL SPA, Allied Healthcare Products Inc., Rotarex S.A., Praxair, Inc., Messer Group GmbH, Amico Corporation, Gentec Corporation, GCE Holding, Atlas Copco AB, Medical Gas Solutions Limited, Air Products and Chemicals, Inc., SCI Analytical and Air Liquide.

Key developments:

In April 2021: Air Liquide acquired EOVE (France) to increase its presence in the home healthcare market. EOVE is a startup company specialized in the manufacturing of ventilators for home-based patients suffering from chronic respiratory failure

In March 2021: Ceodeux Meditec launched ALPIFLOW, a next-generation flow meter with over ten years lifetime without additional maintenance. The product is attached directly to the Ceodeux Meditec ALPICONNECT or ALPINOX and MINIOX to regulate oxygen-flow from the hospital pipeline system and from portable oxygen cylinders.

In March 2020: Atlas Copco opened an expanded innovation center in Bretten, Germany to meet growing customer demand for testing and developing innovative joining technologies.

Products Covered: 
• Medical Gas       
• Medical Gas Equipment      
• Biological Atmospheres  

Applications Covered:
• Pharmaceutical Manufacturing and Research    
• Diagnostics       
• Therapeutic       
• Other Applications       

End Users Covered:
• Academic Institutes and Research Institutes  
• Ambulatory surgical centers      
• Biotechnology Industry      
• Diagnostic and Research Laboratories     
• Emergency Services       
• Home Healthcare       
• Hospitals & Clinics       
• Pharmaceutical and Biopharmaceutical Companies       

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary    
     
2 Preface    

 2.1 Abstract   
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology   
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions  
     
3 Market Trend Analysis    
 3.1 Introduction   
 3.2 Drivers   
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats   
 3.6 Product Analysis   
 3.7 Application Analysis   
 3.8 End User Analysis   
 3.9 Emerging Markets   
 3.10 Impact of Covid-19   
     
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry   
     
5 Global Medical Gases and Equipment Market, By Product    
 5.1 Introduction   
 5.2 Medical Gas           
  5.2.1 Pure Medical Gases         
   5.2.1.1 Type        
    5.2.1.1.1 Oxygen      
    5.2.1.1.2 Nitrous Oxide     
    5.2.1.1.3 Helium      
    5.2.1.1.4 Medical Air     
    5.2.1.1.5 Nitrogen      
    5.2.1.1.6 Carbon Dioxide     
   5.2.1.2 Form of Delivery       
    5.2.1.2.1 Liquid Tanks     
    5.2.1.2.2 High Pressure Cylinders    
    5.2.1.2.3 Bulk Delivery     
  5.2.2 Medical Gas Mixtures        
      5.2.2.1 Sterlant Gas Mixtures (Ethylene Oxide)     
      5.2.2.2 Oxyfume 2000       
      5.2.2.3 Nitrous Oxide-Oxygen Mixtures      
      5.2.2.4 Medical Drug Gas Mixtures      
      5.2.2.5 Lung Diffusion Mixtures      
      5.2.2.6 Breathing Zone Monitoring Calibration Standard    
      5.2.2.7 Helium-Oxygen Mixtures      
      5.2.2.8 Carbon Dioxide-Oxygen Mixtures     
      5.2.2.9 Laser-Gas Mixtures       
      5.2.2.10 Blood-Gas Mixtures       
 5.3 Medical Gas Equipment          
  5.3.1 Equipment Accessories        
   5.3.1.1 Valve with Integrated Pressure Regulator     
   5.3.1.2 Medical Air Compressors      
   5.3.1.3 Suction Regulators       
   5.3.1.4 Regulators       
   5.3.1.5 Outlets        
   5.3.1.6 Monitoring Systems (Alarms & Monitors)     
   5.3.1.7 Flowmeters        
   5.3.1.8 Masks         
   5.3.1.9 Vacuum Systems       
   5.3.1.10 Hose Assemblies and Valves      
   5.3.1.11 Manifolds        
   5.3.1.12 Cylinders and Accessories      
  5.3.2 Gas Delivery Systems         
  5.3.3 Cryogenic Products (Freezers)         
  5.4 Biological Atmospheres    
  5.4.1 Anaerobic Mixtures         
  5.4.2 Aerobic Mixtures         
     
6 Global Medical Gases and Equipment Market, By Application    
 6.1 Introduction   
 6.2 Pharmaceutical Manufacturing and Research        
  6.2.1 Quality Control         
  6.2.2 Process Development        
  6.2.3 Pharmaceutical Manufacturing        
  6.2.4 Drug Discovery         
 6.3 Diagnostics           
  6.3.1 General Laboratory Use        
  6.3.2 Medical Imaging         
 6.4 Therapeutic           
  6.4.1 Respiratory Diseases         
  6.4.2 Cryosurgery         
  6.4.3 Cardiovascular Diseases        
  6.4.4 Anesthesia         
 6.5 Other Applications           
  6.5.1 Platelet Preservation         
  6.5.2 Tissue   
     
7 Global Medical Gases and Equipment Market, By End User    
 7.1 Introduction   
 7.2 Academic Institutes and Research Institutes      
 7.3 Ambulatory Surgical Centers          
 7.4 Biotechnology Industry          
 7.5 Diagnostic and Research Laboratories         
 7.6 Emergency Services           
 7.7 Home Healthcare           
 7.8 Hospitals & Clinics           
 7.9 Pharmaceutical and Biopharmaceutical Companies        
     
8 Global Medical Gases and Equipment Market, By Geography    
 8.1 Introduction   
 8.2 North America   
  8.2.1 US  
  8.2.2 Canada  
  8.2.3 Mexico  
 8.3 Europe   
  8.3.1 Germany  
  8.3.2 UK  
  8.3.3 Italy  
  8.3.4 France  
  8.3.5 Spain  
  8.3.6 Rest of Europe  
 8.4 Asia Pacific   
  8.4.1 Japan  
  8.4.2 China  
  8.4.3 India  
  8.4.4 Australia  
  8.4.5 New Zealand  
  8.4.6 South Korea  
  8.4.7 Rest of Asia Pacific  
 8.5 South America   
  8.5.1 Argentina  
  8.5.2 Brazil  
  8.5.3 Chile  
  8.5.4 Rest of South America  
 8.6 Middle East & Africa   
  8.6.1 Saudi Arabia  
  8.6.2 UAE  
  8.6.3 Qatar  
  8.6.4 South Africa  
  8.6.5 Rest of Middle East & Africa  
     
9 Key Developments    
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 9.2 Acquisitions & Mergers   
 9.3 New Product Launch   
 9.4 Expansions   
 9.5 Other Key Strategies   
     
10 Company Profiling    
 10.1 Air Liquide          
 10.2 Air Products and Chemicals, Inc.          
 10.3 Allied Healthcare Products Inc.           
 10.4 Amico Corporation           
 10.5 Atlas Copco AB           
 10.6 GCE Holding           
 10.7 Gentec Corporation           
 10.8 Medical Gas Solutions Limited          
 10.9 Messer Group GmbH           
 10.10 Praxair, Inc.           
 10.11 Rotarex S.A.           
 10.12 SCI Analytical           
 10.13 SOL SPA            
 10.14 Taiyo Nippon Sanso Corporation (Matheson Tri-Gas Inc.)       
 10.15 The Linde Group           
 10.16 Ceodeux Meditec   


List of Tables     
1 Global Medical Gases and Equipment Market Outlook, By Region (2020-2028) (US $MN)     
2 Global Medical Gases and Equipment Market Outlook, By Product (2020-2028) (US $MN)     
3 Global Medical Gases and Equipment Market Outlook, By Medical Gas (2020-2028) (US $MN)     
4 Global Medical Gases and Equipment Market Outlook, By Pure Medical Gases (2020-2028) (US $MN)     
5 Global Medical Gases and Equipment Market Outlook, By Medical Gas Mixtures (2020-2028) (US $MN)     
6 Global Medical Gases and Equipment Market Outlook, By Medical Gas Equipment (2020-2028) (US $MN)     
7 Global Medical Gases and Equipment Market Outlook, By Equipment Accessories (2020-2028) (US $MN)     
8 Global Medical Gases and Equipment Market Outlook, By Gas Delivery Systems (2020-2028) (US $MN)     
9 Global Medical Gases and Equipment Market Outlook, By Cryogenic Products (Freezers) (2020-2028) (US $MN)     
10 Global Medical Gases and Equipment Market Outlook, By Biological Atmospheres (2020-2028) (US $MN)     
11 Global Medical Gases and Equipment Market Outlook, By Anaerobic Mixtures (2020-2028) (US $MN)     
12 Global Medical Gases and Equipment Market Outlook, By Aerobic Mixtures (2020-2028) (US $MN)     
13 Global Medical Gases and Equipment Market Outlook, By Application (2020-2028) (US $MN)     
14 Global Medical Gases and Equipment Market Outlook, By Pharmaceutical Manufacturing and Research (2020-2028) (US $MN)     
15 Global Medical Gases and Equipment Market Outlook, By Quality Control (2020-2028) (US $MN)      
16 Global Medical Gases and Equipment Market Outlook, By Process Development (2020-2028) (US $MN)     
17 Global Medical Gases and Equipment Market Outlook, By Pharmaceutical Manufacturing (2020-2028) (US $MN)     
18 Global Medical Gases and Equipment Market Outlook, By Drug Discovery (2020-2028) (US $MN)     
19 Global Medical Gases and Equipment Market Outlook, By Diagnostics (2020-2028) (US $MN)     
20 Global Medical Gases and Equipment Market Outlook, By General Laboratory Use (2020-2028) (US $MN)     
21 Global Medical Gases and Equipment Market Outlook, By Medical Imaging (2020-2028) (US $MN)     
22 Global Medical Gases and Equipment Market Outlook, By Therapeutic (2020-2028) (US $MN)     
23 Global Medical Gases and Equipment Market Outlook, By Respiratory Diseases (2020-2028) (US $MN)     
24 Global Medical Gases and Equipment Market Outlook, By Cryosurgery (2020-2028) (US $MN)     
25 Global Medical Gases and Equipment Market Outlook, By Cardiovascular Diseases (2020-2028) (US $MN)      
26 Global Medical Gases and Equipment Market Outlook, By Anesthesia (2020-2028) (US $MN)     
27 Global Medical Gases and Equipment Market Outlook, By Other Applications (2020-2028) (US $MN)     
28 Global Medical Gases and Equipment Market Outlook, By Platelet Preservation (2020-2028) (US $MN)     
29 Global Medical Gases and Equipment Market Outlook, By Tissue  (2020-2028) (US $MN)     
30 Global Medical Gases and Equipment Market Outlook, By End User (2020-2028) (US $MN)     
31 Global Medical Gases and Equipment Market Outlook, By Academic Institutes and Research Institutes (2020-2028) (US $MN)     
32 Global Medical Gases and Equipment Market Outlook, By Ambulatory surgical centers (2020-2028) (US $MN)     
33 Global Medical Gases and Equipment Market Outlook, By Biotechnology Industry (2020-2028) (US $MN)     
34 Global Medical Gases and Equipment Market Outlook, By Diagnostic and Research Laboratories (2020-2028) (US $MN)     
35 Global Medical Gases and Equipment Market Outlook, By Emergency Services (2020-2028) (US $MN)     
36 Global Medical Gases and Equipment Market Outlook, By Home Healthcare (2020-2028) (US $MN)     
37 Global Medical Gases and Equipment Market Outlook, By Hospitals & Clinics (2020-2028) (US $MN)     
38 Global Medical Gases and Equipment Market Outlook, By Pharmaceutical and Biopharmaceutical Companies (2020-2028) (US $MN)     
     
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.    

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