Medical Gas & Equipment Market Size, Revenue and Growth 2023, Key Players, Future Investments and Forecast Analysis 2030
Gases and equipment used in medicine, including those for
biotechnology research, medication manufacturing, diagnosis, and therapy, are
referred to as medical gases and equipment. Medical treatments require medical
gases, which are kept in a cylinder. They could be a single pure gas or a
concoction of many gases. In large healthcare facilities, oxygen, hydrogen,
nitrous oxide, ammonia, nitrogen, and carbon dioxide are the most frequently
used gases. The gas equipment typically consists of cylinders and masks for
storing and dispensing gas.
Players involved in creating, introducing, and selling a
range of medical gas & equipment technologies and goods, including medical
gases and medical equipment & accessories, make up the global medical gas
& equipment market. Over the forecast period of 2022–2030, the medical gas and equipment market is
anticipated to grow at a compound yearly growth rate of 7.5%.
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Growth Drivers:
A wide variety of long-term care treatments for many
chronic ailments, such as cancer, chronic respiratory conditions, and
cardiovascular diseases, include medical gases as a crucial component. Obesity
is thought to be a primary contributor to serious issues in humans, such as
diabetes, chronic illnesses, and heart abnormalities. In recent years, there
has been an exponential rise in the number of people suffering from obesity and
other related diseases and disorders, largely as a result of unfavourable changes
in global lifestyles and eating patterns. Throughout the projected period of
2022–2030, this rising prevalence of chronic and lifestyle illnesses is
expected to drive the growth of the worldwide medical gas and equipment market.
Also, the top market companies in the pharmaceutical
sector are working extraordinarily hard to create and market technologically
cutting-edge medical equipment. They are currently concentrating on releasing
more compact, affordable, light-weight, and portable medicinal gas handling and
distribution devices that patients may easily transport. These cutting-edge
handling tools help to improve a variety of healthcare services and expand the
functional possibilities available in hospitals and home care settings. As a
result, during the forecast period, the use of medical gas & equipment in
the pharmaceutical industry is anticipated to increase significantly due to the
growing number of technical developments.
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On the other hand, throughout the forecast period,
inadequate respiratory therapy reimbursement policies and the global helium
shortage are anticipated to provide significant challenges to the expansion of
the global medical gas & equipment
market.
Medical Gas & Equipment Market Segmentation:
By Type:
· Medical
Gas
o Pure Medical Gases, By Type
o
Oxygen
o
Carbon Dioxide
o
Nitrous Oxide
o
Nitrogen
o
Medical Air
o
Helium
o Pure Medical Gases, By Form of
Delivery
o
High Pressure Cylinders
o
Liquid Tanks
o
Bulk Delivery
o Medical Gas Mixtures
o
Blood-gas Mixtures
o
Lung Diffusion Mixtures
o
Nitrous oxide-oxygen Mixtures
o
Carbon dioxide-oxygen Mixtures
o
Laser-gas Mixtures
o
Aerobic Mixtures
o
Anaerobic Mixtures
o
Ethylene Oxide
o
Helium-oxygen Mixtures
· Medical
Gas Equipment
o Equipment Accessories
o
Hoses
o
Manifolds
o
Regulators
o
Flowmeters
o
Suction Regulators
o
Vacuum Systems
o
Outlets
o
Monitoring Systems
o
Valve with Integrated Pressure
Regulator
o
Medical Air Compressors
o Cryogenic Products
o Gas Delivery Systems
By Application:
· Therapeutic
o
Respiratory Diseases
o
Cardiovascular Diseases
o
Anesthesia
o
Cryosurgery
o
Others
· Diagnostics
o
Medical Imaging
o
General laboratory Use
· Pharmaceutical
manufacturing and research
o
Drug Discovery
o
Process Development
o
Pharmaceutical Manufacturing
o
Quality Control
· Other
Applications
By End User:
· Hospitals
· Home
Healthcare
· Pharmaceutical
and Biopharmaceutical Companies
· Diagnostic
and Research Laboratories
· Academic
Institutes and Research Institutes
By Region:
· North
America
· Europe
· Asia
Pacific
· Latin
America
· Middle
East and Africa
Key Companies in Medical Gas & Equipment
Market:
The research report offers a competitive analysis of
prominent companies operating in the global medical gas & equipment market.
Some of the leading players profiled in the market research report include:
· Amico
Group of Companies
· Atlas
Copco
· The
Linde Group
· Taiyo
Nippon Sanso Corporation
· Air
Liquide
· Air
Products and Chemicals, Inc.
· Praxair,
Inc.
· BeaconMedaes
· Messer
Group GmbH
· Matheson
Tri-Gas Inc.
· Other
Players
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