Medical Gas and Equipment Market Size by Type, Application, End-user, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2029
6.15%
CAGR (2023-2029)
18.88 USD Bn.
Market Size
302
Report Pages
161
Market Tables
Overview
Medical Gas and Equipment Market CAGR is expected to be 6.15% during the forecast period and the market size is expected to reach nearly US$ 28.68 Bn. by 2029.
Medical Gas and Equipment Market Overview
The scope of the report includes a detailed study of global and regional markets for Global Medical Gas and Equipment Market with the reasons given for variations in the growth of the industry in certain regions. Rapid urbanization, increasing prevalence of respiratory diseases, growing demand for home healthcare and the increasing prevalence of tobacco are boosting the market growth. In addition, increasing healthcare expenditure, growing geriatric population, increasing prevalence of chronic and lifestyle associated diseases are also driving the market growth. A major factor restraining the market growth is a global shortage of helium due to the shutdown of the Federal Helium Reserve.
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Medical Gas and Equipment Market Segment Analysis
The medical gas and equipment market is segmented into type, application, end-user, and region. In terms of end-user, the hospital segment accounted for the major share in the global market because of the increasing healthcare expenditure, growing geriatric population, increasing prevalence of chronic and lifestyle associated diseases.
Based on the application, the medical gases and equipment market contains pharmaceutical manufacturing and research, diagnostic, and therapeutic. The use of medical gases for the treatment of many diseases driven the therapeutic segment growth in 2022. The therapeutic segment comprises anesthesia delivery, respiratory therapies, cardiovascular therapies, and others.
Regonal Analysis
The report offers a brief analysis of the major regions in the market, namely, the APAC, Europe, North America, South America, and the Middle East & Africa, the medical gas market in the APAC is expected to grow at the highest xx% CAGR during the forecast period owing to the large populations in China and India, increasing the incidence of chronic diseases, improving healthcare infrastructure, and growing healthcare awareness are driving the demand for medical gases and equipment in the Asia Pacific.
According to the estimations of the Insurance Institute for Highway Safety (IIHS) and Highway Loss Data Institute (HLDI), in 2021, there were 34,247 motor vehicle crashes in the US, leading to around 37,133 deaths. Thus, owing to the increasing cases of road accidents, there may be a huge demand for oxygen in many life care settings.
The objective of the report is to present comprehensive analysis of market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Medical Gas and Equipment Market dynamics, structure by analyzing the market segments, and project the market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.
Medical Gas and Equipment Market Scope: Inquire before buying
| Global Medical Gas and Equipment Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US$ 18.88 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 6.15% | Market Size in 2029: | US$ 28.68 Bn. |
| Segments Covered: | by Type | Medical Gases Medical Gas Mixtures Biological Atmospheres Medical Gas Equipment |
|
| by Application | Respiratory Anesthesia Medical Imaging Cryosurgery Therapeutic Diagnostic |
||
| by End-user | Hospitals Research Institutions Home Healthcare Pharmaceutical Industry and Academic & Research Institute Biotechnology Industry Emergency Service |
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Medical Gas and Equipment Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden,
Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India,
Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan
and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt,
Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1 Allied Health Care
2 Ohio Medical
3 Powerex.
4 Amico Corp.
5 Gentec Corp.
6 BeaconMedaes LLC
7 Air Gas Inc.
8 Linde Gas
9 Praxair Inc.
10 Air Liquide
11 Atlas Copco
12 Matheson Tri Gas, Inc.
13 Messer Group GmbH
14 Taiya Nippon Sanso
15 Medical Gas Solutions
16 Gas Control Equipment Ltd
17 SOL Spa
18 Rotarex
19 Medical Gas Solutions Inc.
20 Flogas
Frequently Asked Questions:
1. Which region has the largest share in Global Medical Gas and Equipment Market?
Ans: Asia Pacific region holds the highest share in 2022.
2. What is the growth rate of Global Medical Gas and Equipment Market?
Ans: The Global market is growing at a CAGR of 6.15% during forecasting period 2023-2029.
3. What is scope of the Global Medical Gas and Equipment market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Medical Gas and Equipment market?
Ans: The important key players in the market are – Allied Health Care, Ohio Medical, Powerex., Amico Corp., Gentec Corp., BeaconMedaes LLC, Air Gas Inc., Linde Gas, Praxair Inc., Air Liquide, Atlas Copco, Matheson Tri Gas, Inc., Messer Group GmbH, Taiya Nippon Sanso, Medical Gas Solutions, Gas Control Equipment Ltd, SOL Spa, Rotarex, Medical Gas Solutions Inc., and Flogas
5. What is the study period of this market?
Ans: The Global Medical Gas and Equipment Market is studied from 2022 to 2029.