Global Medical Gas and Equipment Market Size Study, by Type, by Medical Gas Equipment, by Application, by End User, and Regional Forecasts 2022-2032

Description

The Global Medical Gas and Equipment Market, valued at approximately USD 18.81 billion in 2023, is on a progressive trajectory, poised to grow at a CAGR of 5.80% from 2024 to 2032. This market is intricately connected with advancements in healthcare technology and a growing demand for therapeutic and diagnostic solutions. Medical gases and their associated equipment have become indispensable in treating respiratory diseases, administering anesthesia, and supporting critical care, further driving their adoption across various healthcare facilities worldwide. The development of efficient flowmeters and advanced medical air compressors is redefining operational capabilities, optimizing the delivery of medical gases to meet specific therapeutic and diagnostic requirements.

A surge in respiratory ailments and chronic conditions, exacerbated by environmental factors and lifestyle changes, underscores the growing reliance on medical gases in healthcare. Furthermore, the push for more accessible home healthcare solutions is boosting the demand for compact and efficient gas delivery systems. Technological innovations in medical gas equipment are enabling seamless integration with healthcare facilities, ensuring precise delivery and monitoring. Additionally, government initiatives and funding aimed at bolstering healthcare infrastructure worldwide are playing a pivotal role in shaping the market landscape.

However, the market is not without challenges. High costs associated with advanced medical gas equipment and regulatory compliance complexities may hinder market expansion, particularly in developing economies. Furthermore, technical limitations in the operation and maintenance of medical gas systems necessitate continual advancements and training. Nonetheless, ongoing investments in R&D, coupled with collaborations between key industry players, are expected to mitigate these challenges, broadening the market's reach and accessibility.

Geographically, North America dominates the Medical Gas and Equipment Market, driven by its robust healthcare infrastructure, significant R&D investments, and high prevalence of respiratory diseases. Europe follows suit, benefiting from established healthcare systems and progressive policies supporting medical technology adoption. Meanwhile, the Asia Pacific region is anticipated to exhibit the fastest growth during the forecast period, fueled by rising healthcare expenditures, improving medical infrastructure, and increasing awareness about advanced medical technologies in emerging economies such as China and India.

Major market players included in this report are:

3M
Air Liquide
Linde Group
Praxair, Inc.
Atlas Copco AB
Air Products and Chemicals, Inc.
BeaconMedaes
Amico Group of Companies
GCE Group
Ohio Medical Corporation
Allied Healthcare Products, Inc.
Invacare Corporation
Precision Medical, Inc.
GE Healthcare
Philips Healthcare

The detailed segments and sub-segment of the market are explained below:

By Type

Pure Medical Gases
Mixtures

By Medical Gas Equipment

Flowmeter
Medical Air Compressor

By Application

Therapeutics
- Respiratory
Diagnostics

By End User

Hospitals
Home Healthcare

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Comprehensive market estimates and forecasts for the next decade.
Regional and country-level analysis of major geographical markets.
In-depth insights into market drivers, challenges, and opportunities.
Competitive landscape analysis with profiles of key industry players.
Recommendations for strategic approaches to expand market presence.

Chapter 1. Global Medical Gas and Equipment Market Executive Summary

1.1. Global Medical Gas and Equipment Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Medical Gas Equipment
- 1.3.3. By Application
- 1.3.4. By End User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Medical Gas and Equipment Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Medical Gas and Equipment Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Prevalence of Respiratory Diseases and Chronic Conditions
- 3.1.2. Growing Demand for Home Healthcare Solutions
- 3.1.3. Technological Innovations in Medical Gas Equipment
3.2. Market Challenges
- 3.2.1. High Costs of Advanced Medical Gas Equipment
- 3.2.2. Regulatory Compliance Complexities
3.3. Market Opportunities
- 3.3.1. Ongoing Investments in R&D and Collaborations
- 3.3.2. Emerging Markets in Asia Pacific
- 3.3.3. Development of Affordable Medical Gas Equipment

Chapter 4. Global Medical Gas and Equipment Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Medical Gas and Equipment Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Medical Gas and Equipment Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Pure Medical Gases
- 5.2.2. Mixtures

Chapter 6. Global Medical Gas and Equipment Market Size & Forecasts by Medical Gas Equipment 2022-2032

6.1. Segment Dashboard
6.2. Global Medical Gas and Equipment Market: Medical Gas Equipment Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Flowmeter
- 6.2.2. Medical Air Compressor

Chapter 7. Global Medical Gas and Equipment Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Medical Gas and Equipment Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Therapeutics
  - 7.2.1.1. Respiratory
- 7.2.2. Diagnostics

Chapter 8. Global Medical Gas and Equipment Market Size & Forecasts by End User 2022-2032

8.1. Segment Dashboard
8.2. Global Medical Gas and Equipment Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Hospitals
- 8.2.2. Home Healthcare

Chapter 9. Global Medical Gas and Equipment Market Size & Forecasts by Region 2022-2032

9.1. North America Medical Gas and Equipment Market
- 9.1.1. U.S. Medical Gas and Equipment Market
  - 9.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.2. Medical Gas Equipment Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.3. Application Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.4. End User Breakdown Size & Forecasts, 2022-2032
- 9.1.2. Canada Medical Gas and Equipment Market
  - 9.1.2.1. Type Breakdown Size & Forecasts, 2022-2032
  - 9.1.2.2. Medical Gas Equipment Breakdown Size & Forecasts, 2022-2032
  - 9.1.2.3. Application Breakdown Size & Forecasts, 2022-2032
  - 9.1.2.4. End User Breakdown Size & Forecasts, 2022-2032
9.2. Europe Medical Gas and Equipment Market
- 9.2.1. UK Medical Gas and Equipment Market
  - 9.2.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 9.2.1.2. Medical Gas Equipment Breakdown Size & Forecasts, 2022-2032
  - 9.2.1.3. Application Breakdown Size & Forecasts, 2022-2032
  - 9.2.1.4. End User Breakdown Size & Forecasts, 2022-2032
- 9.2.2. Germany Medical Gas and Equipment Market
  - 9.2.2.1. Type Breakdown Size & Forecasts, 2022-2032
  - 9.2.2.2. Medical Gas Equipment Breakdown Size & Forecasts, 2022-2032
  - 9.2.2.3. Application Breakdown Size & Forecasts, 2022-2032
  - 9.2.2.4. End User Breakdown Size & Forecasts, 2022-2032
- 9.2.3. France Medical Gas and Equipment Market
- 9.2.4. Spain Medical Gas and Equipment Market
- 9.2.5. Italy Medical Gas and Equipment Market
- 9.2.6. Rest of Europe Medical Gas and Equipment Market
9.3. Asia-Pacific Medical Gas and Equipment Market
- 9.3.1. China Medical Gas and Equipment Market
  - 9.3.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 9.3.1.2. Medical Gas Equipment Breakdown Size & Forecasts, 2022-2032
  - 9.3.1.3. Application Breakdown Size & Forecasts, 2022-2032
  - 9.3.1.4. End User Breakdown Size & Forecasts, 2022-2032
- 9.3.2. India Medical Gas and Equipment Market
- 9.3.3. Japan Medical Gas and Equipment Market
- 9.3.4. Australia Medical Gas and Equipment Market
- 9.3.5. South Korea Medical Gas and Equipment Market
- 9.3.6. Rest of Asia Pacific Medical Gas and Equipment Market
9.4. Latin America Medical Gas and Equipment Market
- 9.4.1. Brazil Medical Gas and Equipment Market
  - 9.4.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 9.4.1.2. Medical Gas Equipment Breakdown Size & Forecasts, 2022-2032
  - 9.4.1.3. Application Breakdown Size & Forecasts, 2022-2032
  - 9.4.1.4. End User Breakdown Size & Forecasts, 2022-2032
- 9.4.2. Mexico Medical Gas and Equipment Market
- 9.4.3. Rest of Latin America Medical Gas and Equipment Market
9.5. Middle East & Africa Medical Gas and Equipment Market
- 9.5.1. Saudi Arabia Medical Gas and Equipment Market
  - 9.5.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 9.5.1.2. Medical Gas Equipment Breakdown Size & Forecasts, 2022-2032
  - 9.5.1.3. Application Breakdown Size & Forecasts, 2022-2032
  - 9.5.1.4. End User Breakdown Size & Forecasts, 2022-2032
- 9.5.2. South Africa Medical Gas and Equipment Market
- 9.5.3. Rest of Middle East & Africa Medical Gas and Equipment Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. 3M
- 10.1.2. Air Liquide
- 10.1.3. Linde Group
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. 3M
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Air Liquide
- 10.3.3. Linde Group
- 10.3.4. Praxair, Inc.
- 10.3.5. Atlas Copco AB
- 10.3.6. Air Products and Chemicals, Inc.
- 10.3.7. BeaconMedaes
- 10.3.8. Amico Group of Companies
- 10.3.9. GCE Group
- 10.3.10. Ohio Medical Corporation
- 10.3.11. Allied Healthcare Products, Inc.
- 10.3.12. Invacare Corporation
- 10.3.13. Precision Medical, Inc.
- 10.3.14. GE Healthcare
- 10.3.15. Philips Healthcare

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes