Report Scope & Overview:
Medical Gas Equipment Market was valued at USD 2.34 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.80% from 2023 to 2030.
Global Medical Gas Equipment Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. Medical Gas Equipment Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.
Overall, Medical Gas Equipment market plays a crucial role in helping businesses and organizations make informed decisions based on data-driven insights. As the demand for data-driven decision-making continues to grow, Medical Gas Equipment market research is expected to experience further growth and innovation in the coming years.
Medical Gas Equipment Market Key Trends
Growing Demand for Home Healthcare: The rise in home healthcare services has led to an increased demand for medical gas equipment that can be used in home settings. This includes portable oxygen concentrators, home respiratory therapy devices, and other medical gas delivery systems. The shift towards home healthcare is driven by the desire to reduce hospital stays and healthcare costs while maintaining patient comfort and quality of life.
Emphasis on Patient Safety and Compliance: Patient safety and regulatory compliance have become critical considerations in the medical gas equipment market. There is a growing focus on ensuring the proper handling, storage, and delivery of medical gases to prevent accidents, contamination, and gas mix-ups. Manufacturers are developing innovative safety features, such as alarms, pressure regulators, and monitoring systems, to enhance patient safety and regulatory compliance.
Technological Advancements: The medical gas equipment market is witnessing technological advancements aimed at improving efficiency, accuracy, and ease of use. Automation, digitization, and integration of smart technologies are being incorporated into medical gas equipment. For example, digital flow meters, remote monitoring systems, and electronic documentation systems are being utilized to streamline operations, enhance data collection, and improve workflow management.
Increased Focus on Green Initiatives: There is a growing awareness of environmental sustainability and the carbon footprint associated with healthcare facilities. As a result, the medical gas equipment market is experiencing a shift towards greener solutions. Manufacturers are developing energy-efficient devices, recycling programs for gas cylinders, and sustainable production processes to minimize environmental impact.
Integration of IoT and Connectivity: The Internet of Things (IoT) and connectivity are being integrated into medical gas equipment to enable remote monitoring, real-time data analysis, and predictive maintenance. Connected devices can provide valuable insights, such as gas consumption patterns, equipment performance, and maintenance requirements. This data-driven approach enhances operational efficiency, reduces downtime, and improves patient care.
Focus on Developing Economies: The medical gas equipment market is expanding in developing economies due to the increasing healthcare infrastructure, rising investments in healthcare facilities, and growing awareness of patient safety. These regions are witnessing a surge in demand for medical gas equipment to support the establishment of hospitals, clinics, and ambulatory surgical centers.
Customization and Modular Solutions: There is a growing demand for customizable and modular medical gas equipment solutions that can be tailored to specific healthcare facility requirements. Modular systems offer flexibility, scalability, and ease of installation, enabling healthcare providers to adapt their medical gas infrastructure as per changing needs.
Global Medical Gas Equipment Market: By Company
• Air Liquide
• Matheson Tri-Gas
• Air Products and Chemicals
• Praxair
• Linde Gas
• Air Gas
• BeaconMedaes
• Medical Gas Solutions
• Allied Health Care
• Ohio Medical
• Powerex.
• Amico
• Gentec
Global Medical Gas Equipment Market: By Type
• Manifolds
• Medical Air Compressors
• Masks
• Others
Global Medical Gas Equipment Market: By Application
• Hospitals
• Clinics
• Others
Global Medical Gas Equipment Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Medical Gas Equipment market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 2.34 billion |
| Compound Annual Growth Rate (CAGR) | 7.80%(2023-2030) |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Historical Data | 2018-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| By Type | • Manifolds • Medical Air Compressors • Masks • Others |
| By Application | • Hospitals • Clinics • Others |
| Key Companies Profiled | • Air Liquide • Matheson Tri-Gas • Air Products and Chemicals • Praxair • Linde Gas • Air Gas • BeaconMedaes • Medical Gas Solutions • Allied Health Care • Ohio Medical • Powerex. • Amico • Gentec |
| Regions and Key Countries Covered | U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America |
| Customization Scope | Available on Request |
Reasons to Purchase Medical Gas Equipment Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Objectives of Medical Gas Equipment Market Study:
The objectives of Medical Gas Equipment market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Medical Gas Equipment market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Frequently Asked Questions
The medical gas equipment market refers to the industry that focuses on the development, manufacturing, and distribution of equipment used for the storage, administration, and delivery of medical gases in healthcare facilities. Medical gases such as oxygen, nitrogen, carbon dioxide, and nitrous oxide are crucial for various medical procedures and patient care.
The growth of the medical gas equipment market is driven by several factors, including the increasing prevalence of respiratory diseases, the rising number of surgical procedures, the growing geriatric population, and the expansion of healthcare infrastructure globally. Additionally, advancements in technology, such as the development of advanced gas delivery systems and the implementation of stringent safety regulations, are also driving market growth.
The medical gas equipment market is global, with significant market presence in regions such as North America, Europe, Asia Pacific, and the rest of the world. North America and Europe have well-established healthcare infrastructure and stringent safety regulations, which contribute to market growth. The Asia Pacific region is expected to witness significant growth due to the increasing healthcare expenditure, improving healthcare infrastructure, and rising demand for medical gases.
The medical gas equipment market is highly competitive and includes both multinational corporations and regional players. Key players in the market include companies like Air Liquide, Linde plc, Praxair, Inc., Air Products and Chemicals, Inc., Matheson Tri-Gas, Inc., Atlas Copco, Gentec Corporation, and Amico Corporation, among others.The medical gas equipment market is highly competitive and includes both multinational corporations and regional players. Key players in the market include companies like Air Liquide, Linde plc, Praxair, Inc., Air Products and Chemicals, Inc., Matheson Tri-Gas, Inc., Atlas Copco, Gentec Corporation, and Amico Corporation, among others.
Some of the current trends in the medical gas equipment market include the increasing adoption of integrated gas delivery systems, the development of portable and compact gas equipment for point-of-care applications, the implementation of digital solutions for gas management and monitoring, and the focus on improving patient safety and reducing the risk of gas-related incidents.
TABLE OF CONTENT
1.1 Product Overview and Scope of Medical Gas Equipment
1.2 Medical Gas Equipment Segment by Type
1.2.1 Global Medical Gas Equipment Market Value Comparison by Type (2023-2029)
1.2.2 Manifolds
1.2.3 Medical Air Compressors
1.2.4 Masks
1.2.5 Others
1.3 Medical Gas Equipment Segment by Application
1.3.1 Global Medical Gas Equipment Market Value by Application: (2023-2029)
1.3.2 Hospitals
1.3.3 Clinics
1.3.4 Others
1.4 Global Medical Gas Equipment Market Size Estimates and Forecasts
1.4.1 Global Medical Gas Equipment Revenue 2017-2032
1.4.2 Global Medical Gas Equipment Sales 2017-2032
1.4.3 Global Medical Gas Equipment Market Average Price (2017-2032)
1.5 Assumptions and Limitations
2 Medical Gas Equipment Market Competition by Manufacturers
2.1 Global Medical Gas Equipment Sales Market Share by Manufacturers (2017-2023)
2.2 Global Medical Gas Equipment Revenue Market Share by Manufacturers (2017-2023)
2.3 Global Medical Gas Equipment Average Price by Manufacturers (2017-2023)
2.4 Global Medical Gas Equipment Industry Ranking 2021 VS 2022 VS 2023
2.5 Global Key Manufacturers of Medical Gas Equipment, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Medical Gas Equipment, Product Type & Application
2.7 Medical Gas Equipment Market Competitive Situation and Trends
2.7.1 Medical Gas Equipment Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Medical Gas Equipment Players Market Share by Revenue
2.7.3 Global Medical Gas Equipment Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Medical Gas Equipment Retrospective Market Scenario by Region
3.1 Global Medical Gas Equipment Market Size by Region: 2018 Versus 2022 Versus 2029
3.2 Global Medical Gas Equipment Global Medical Gas Equipment Sales by Region: 2017-2032
3.2.1 Global Medical Gas Equipment Sales by Region: 2017-2023
3.2.2 Global Medical Gas Equipment Sales by Region: 2023-2032
3.3 Global Medical Gas Equipment Global Medical Gas Equipment Revenue by Region: 2017-2032
3.3.1 Global Medical Gas Equipment Revenue by Region: 2017-2023
3.3.2 Global Medical Gas Equipment Revenue by Region: 2023-2032
3.4 North America Medical Gas Equipment Market Facts & Figures by Country
3.4.1 North America Medical Gas Equipment Market Size by Country: 2018 VS 2023 VS 2032
3.4.2 North America Medical Gas Equipment Sales by Country (2017-2032)
3.4.3 North America Medical Gas Equipment Revenue by Country (2017-2032)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Medical Gas Equipment Market Facts & Figures by Country
3.5.1 Europe Medical Gas Equipment Market Size by Country: 2018 VS 2023 VS 2032
3.5.2 Europe Medical Gas Equipment Sales by Country (2017-2032)
3.5.3 Europe Medical Gas Equipment Revenue by Country (2017-2032)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Medical Gas Equipment Market Facts & Figures by Country
3.6.1 Asia Pacific Medical Gas Equipment Market Size by Country: 2018 VS 2023 VS 2032
3.6.2 Asia Pacific Medical Gas Equipment Sales by Country (2017-2032)
3.6.3 Asia Pacific Medical Gas Equipment Revenue by Country (2017-2032)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Medical Gas Equipment Market Facts & Figures by Country
3.7.1 Latin America Medical Gas Equipment Market Size by Country: 2018 VS 2023 VS 2032
3.7.2 Latin America Medical Gas Equipment Sales by Country (2017-2032)
3.7.3 Latin America Medical Gas Equipment Revenue by Country (2017-2032)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Medical Gas Equipment Market Facts & Figures by Country
3.8.1 Middle East and Africa Medical Gas Equipment Market Size by Country: 2018 VS 2023 VS 2032
3.8.2 Middle East and Africa Medical Gas Equipment Sales by Country (2017-2032)
3.8.3 Middle East and Africa Medical Gas Equipment Revenue by Country (2017-2032)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 U.A.E
4 Segment by Type
4.1 Global Medical Gas Equipment Sales by Type (2017-2032)
4.1.1 Global Medical Gas Equipment Sales by Type (2017-2023)
4.1.2 Global Medical Gas Equipment Sales by Type (2023-2032)
4.1.3 Global Medical Gas Equipment Sales Market Share by Type (2017-2032)
4.2 Global Medical Gas Equipment Revenue by Type (2017-2032)
4.2.1 Global Medical Gas Equipment Revenue by Type (2017-2023)
4.2.2 Global Medical Gas Equipment Revenue by Type (2023-2032)
4.2.3 Global Medical Gas Equipment Revenue Market Share by Type (2017-2032)
4.3 Global Medical Gas Equipment Price by Type (2017-2032)
5 Segment by Application
5.1 Global Medical Gas Equipment Sales by Application (2017-2032)
5.1.1 Global Medical Gas Equipment Sales by Application (2017-2023)
5.1.2 Global Medical Gas Equipment Sales by Application (2023-2032)
5.1.3 Global Medical Gas Equipment Sales Market Share by Application (2017-2032)
5.2 Global Medical Gas Equipment Revenue by Application (2017-2032)
5.2.1 Global Medical Gas Equipment Revenue by Application (2017-2023)
5.2.2 Global Medical Gas Equipment Revenue by Application (2023-2032)
5.2.3 Global Medical Gas Equipment Revenue Market Share by Application (2017-2032)
5.3 Global Medical Gas Equipment Price by Application (2017-2032)
6 Key Companies Profiled
6.1 Air Liquide
6.1.1 Air Liquide Corporation Information
6.1.2 Air Liquide Description and Business Overview
6.1.3 Air Liquide Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.1.4 Air Liquide Medical Gas Equipment Product Portfolio
6.1.5 Air Liquide Recent Developments/Updates
6.2 Matheson Tri-Gas
6.2.1 Matheson Tri-Gas Corporation Information
6.2.2 Matheson Tri-Gas Description and Business Overview
6.2.3 Matheson Tri-Gas Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.2.4 Matheson Tri-Gas Medical Gas Equipment Product Portfolio
6.2.5 Matheson Tri-Gas Recent Developments/Updates
6.3 Air Products and Chemicals
6.3.1 Air Products and Chemicals Corporation Information
6.3.2 Air Products and Chemicals Description and Business Overview
6.3.3 Air Products and Chemicals Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.3.4 Air Products and Chemicals Medical Gas Equipment Product Portfolio
6.3.5 Air Products and Chemicals Recent Developments/Updates
6.4 Praxair
6.4.1 Praxair Corporation Information
6.4.2 Praxair Description and Business Overview
6.4.3 Praxair Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.4.4 Praxair Medical Gas Equipment Product Portfolio
6.4.5 Praxair Recent Developments/Updates
6.5 Linde Gas
6.5.1 Linde Gas Corporation Information
6.5.2 Linde Gas Description and Business Overview
6.5.3 Linde Gas Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.5.4 Linde Gas Medical Gas Equipment Product Portfolio
6.5.5 Linde Gas Recent Developments/Updates
6.6 Air Gas
6.6.1 Air Gas Corporation Information
6.6.2 Air Gas Description and Business Overview
6.6.3 Air Gas Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.6.4 Air Gas Medical Gas Equipment Product Portfolio
6.6.5 Air Gas Recent Developments/Updates
6.7 BeaconMedaes
6.6.1 BeaconMedaes Corporation Information
6.6.2 BeaconMedaes Description and Business Overview
6.6.3 BeaconMedaes Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.4.4 BeaconMedaes Medical Gas Equipment Product Portfolio
6.7.5 BeaconMedaes Recent Developments/Updates
6.8 Medical Gas Solutions
6.8.1 Medical Gas Solutions Corporation Information
6.8.2 Medical Gas Solutions Description and Business Overview
6.8.3 Medical Gas Solutions Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.8.4 Medical Gas Solutions Medical Gas Equipment Product Portfolio
6.8.5 Medical Gas Solutions Recent Developments/Updates
6.9 Allied Health Care
6.9.1 Allied Health Care Corporation Information
6.9.2 Allied Health Care Description and Business Overview
6.9.3 Allied Health Care Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.9.4 Allied Health Care Medical Gas Equipment Product Portfolio
6.9.5 Allied Health Care Recent Developments/Updates
6.10 Ohio Medical
6.10.1 Ohio Medical Corporation Information
6.10.2 Ohio Medical Description and Business Overview
6.10.3 Ohio Medical Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.10.4 Ohio Medical Medical Gas Equipment Product Portfolio
6.10.5 Ohio Medical Recent Developments/Updates
6.11 Powerex.
6.11.1 Powerex. Corporation Information
6.11.2 Powerex. Medical Gas Equipment Description and Business Overview
6.11.3 Powerex. Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.11.4 Powerex. Medical Gas Equipment Product Portfolio
6.11.5 Powerex. Recent Developments/Updates
6.12 Amico
6.12.1 Amico Corporation Information
6.12.2 Amico Medical Gas Equipment Description and Business Overview
6.12.3 Amico Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.12.4 Amico Medical Gas Equipment Product Portfolio
6.12.5 Amico Recent Developments/Updates
6.13 Gentec
6.13.1 Gentec Corporation Information
6.13.2 Gentec Medical Gas Equipment Description and Business Overview
6.13.3 Gentec Medical Gas Equipment Sales, Revenue and Gross Margin (2017-2023)
6.13.4 Gentec Medical Gas Equipment Product Portfolio
6.13.5 Gentec Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Medical Gas Equipment Industry Chain Analysis
7.2 Medical Gas Equipment Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Medical Gas Equipment Production Mode & Process
7.4 Medical Gas Equipment Sales and Marketing
7.4.1 Medical Gas Equipment Sales Channels
7.4.2 Medical Gas Equipment Distributors
7.5 Medical Gas Equipment Customers
8 Medical Gas Equipment Market Dynamics
8.1 Medical Gas Equipment Industry Trends
8.2 Medical Gas Equipment Market Drivers
8.3 Medical Gas Equipment Market Challenges
8.4 Medical Gas Equipment Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Air Liquide
Matheson Tri-Gas
Air Products and Chemicals
Praxair
Linde Gas
Air Gas
BeaconMedaes
Medical Gas Solutions
Allied Health Care
Ohio Medical
Powerex.
Amico
Gentec
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