Impact Analysis of Covid-19

The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Medical air, carbon dioxide, oxygen, nitrogen, nitrous oxide, and helium are some of the gases used in the healthcare sector during the treatment and management of various diseases. Medical air compressor are used to supply contamination- and particle-free air to patients all the time.

Statistics:

The global medical gases and equipment market is estimated to account for US$ 18,090.7 Mn in terms of value by the end of 2027.

Global Medical Gases and Equipment Market: Drivers

Increasing home healthcare expenditure is expected to propel growth of the global medical gases and equipment market over the forecast period. For instance, according to the Centers for Medicare & Medicaid Services, the U.S. is expected to spend US$ 108.8 billion in home health care in 2019.

Moreover, establishment of industry focused associations such as Compressed Gas Association, Medical Gas Association, and Gases and Welding Distributors Association is also expected to aid in growth of the market. Such associations help in laying out strategies that would ultimately help the market thrive and flourish.

Statistics:

North America held dominant position in the global medical gases and equipment market in 2019, accounting for 41.3% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1: Global Medical Gases and Equipment Market Share (%) Value, By Region, 2019

Medical Gases and Equipment  | Coherent Market Insights

Global Medical Gases and Equipment Market: Restraints

Increasing theft of medical gases and cylinders is expected to hider growth of the market. Medical gas thefts especially for nitrous oxide and ENTONOX (nitrous oxide-oxygen) cylinders cause unnecessary expenses for healthcare organizations. However, the impact of this restraint will remain low throughout the forecast period as organizations are becoming increasingly diligent and are also taking help from consultancy firms

Moreover, contamination of medical gases with harmful substances is also expected to limit growth of the market. Crossed-pipeline accidents also have adverse effects on growth of the market.

Global Medical Gases and Equipment Market: Opportunities 

Regular inspection of medical gas supply line is expected to offer lucrative growth opportunities for players in the global medical gases and equipment market. These inspections should also be conducted by trained personnel. Medical gas and vacuum systems should be inspected during each step of construction and a third-party certification should be mandatory.

Moreover, increasing number of surgeries is also expected to aid in growth of the market. For instance, according to Australian Institute of Health and Welfare’s Hospitals at a glance 2017–18 report updated in August 2019, admissions for emergency surgery increased between 2016-2017 and 2017-2018 by 2.9% in public hospitals and by 5.1% in private hospitals in Australia.

Statistics:

The global medical gases and equipment market was valued at US$ 9,759.0 Mn in 2019 and is forecast to reach a value of US$ 18,090.7 Mn by 2027 at a CAGR of 8.0% between 2020 and 2027.

Figure 2: Global Medical Gases and Equipment Market Value (US$ Mn), 2016 - 2027

Medical Gases and Equipment  | Coherent Market Insights

Market Trends/Key Takeaways

Major governments are focused on allowing industrial gases manufacturer to supply gas for medical use to meet huge demand due to the COVID-19 pandemic. For instance, in April 2020, The Government of India permitted industrial oxygen manufacturers to manufacture and sell gas for medical use.

In April 2020, the U.S. Department of Health and Human Services warned that over 300 hospitals in the U.S may suffer from supply shortages of medical gases.

Global Medical Gases and Equipment Market: Competitive Landscape

Major players operating in the global gases and equipment market include, Air Liquide S.A., Praxair, Inc. (The Linde Group), BeaconMedaes LLC, Air Products and Chemicals Inc., Medical Gas Solutions, Airgas Inc., and MATHESON Tri-Gas Inc.

Global Medical Gases and Equipment Market: Key Developments

Major players in the marker are focused on increasing production capacity to meet increasing demand for medical gases and equipment. For instance, in April 2020, Air Liquide S.A. announced that CryopAL, the company’s subsidiary that manufacturers Freelox line of liquid oxygen vessels for medical use, increased the production capacity for its Freelox vessels from 100 vessels a week to 300 vessels a week.

Major players in the market are also focused on launching new products to expand their product portfolio. For instance, in January 2020, BeaconMedaes LLC launched new dMED Medical Air Purification Module, a model that frees up to 65% of the floor space and is 35% lighter compared with the previous design, according to the company.

Medical Gases and Equipment are used life support and during the treatment of diseases such as respiratory illnesses, carbon monoxide poisoning, and cardiovascular diseases. Medical air compressor are used to supply contamination- and particle-free air to patients all the time. Increasing prevalence of chronic disorders is expected to propel growth of the global medical gases and equipment market over the forecast period.

Furthermore, increasing funding for public hospitals along with increasing healthcare infrastructure is also expected to propel the market growth during the forecasted period.

Key features of the study:

  • This report provides in-depth analysis of the Medical Gases and Equipment market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Medical Gases and Equipment market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Air Liquide S.A., Praxair, Inc. (The Linde Group), BeaconMedaes LLC, Air Products and Chemicals Inc., Medical Gas Solutions, Airgas Inc., and MATHESON Tri-Gas Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Medical Gases and Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Medical Gases and Equipment market

Detailed Segmentation:

  • Medical Gases and Equipment Market, By Product Type:
    • Medical gases
      • Pure Gases
      • Gas Mixtures
    • Medical equipment
      • Manifolds
      • Outlets
      • Hose Assemblies and Valves
      • Alarm Systems
      • Cylinders and Accessories
      • Flowmeters
      • Regulators
      • Medical Air Compressors
      • Vacuum Systems
      • Masks
  • Medical Gases and Equipment Market, By Region:
    • North America
      • By Product Type:
        • Medical gases
          • Pure Gases
          • Gas Mixtures
        • Medical equipment
          • Manifolds
          • Outlets
          • Hose Assemblies and Valves
          • Alarm Systems
          • Cylinders and Accessories
          • Flowmeters
          • Regulators
          • Medical Air Compressors
          • Vacuum Systems
          • Masks
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Medical gases
          • Pure Gases
          • Gas Mixtures
        • Medical equipment
          • Manifolds
          • Outlets
          • Hose Assemblies and Valves
          • Alarm Systems
          • Cylinders and Accessories
          • Flowmeters
          • Regulators
          • Medical Air Compressors
          • Vacuum Systems
          • Masks
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Medical gases
          • Pure Gases
          • Gas Mixtures
        • Medical equipment
          • Manifolds
          • Outlets
          • Hose Assemblies and Valves
          • Alarm Systems
          • Cylinders and Accessories
          • Flowmeters
          • Regulators
          • Medical Air Compressors
          • Vacuum Systems
          • Masks
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Medical gases
          • Pure Gases
          • Gas Mixtures
        • Medical equipment
          • Manifolds
          • Outlets
          • Hose Assemblies and Valves
          • Alarm Systems
          • Cylinders and Accessories
          • Flowmeters
          • Regulators
          • Medical Air Compressors
          • Vacuum Systems
          • Masks
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Medical gases
          • Pure Gases
          • Gas Mixtures
        • Medical equipment
          • Manifolds
          • Outlets
          • Hose Assemblies and Valves
          • Alarm Systems
          • Cylinders and Accessories
          • Flowmeters
          • Regulators
          • Medical Air Compressors
          • Vacuum Systems
          • Masks
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Medical gases
          • Pure Gases
          • Gas Mixtures
        • Medical equipment
          • Manifolds
          • Outlets
          • Hose Assemblies and Valves
          • Alarm Systems
          • Cylinders and Accessories
          • Flowmeters
          • Regulators
          • Medical Air Compressors
          • Vacuum Systems
          • Masks
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Air Liquide S.A. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Praxair, Inc. (The Linde Group)
    • BeaconMedaes LLC
    • Air Products and Chemicals Inc.
    • Medical Gas Solutions
    • Airgas Inc.
    • MATHESON Tri-Gas Inc.
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Medical Gases and Equipment Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Medical Gases
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Pure Gases
        • Gas Mixtures
    • Medical Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Manifolds
        • Outlets
        • Hose Assemblies and Valves
        • Alarm Systems
        • Cylinders and Accessories
        • Flowmeters
        • Regulators
        • Medical Air Compressors
        • Vacuum Systems
        • Masks
  5. Medical Gases and Equipment Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  6. Competitive Landscape
    • Company Profiles
      • Air Liquide S.A.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Praxair, Inc. (The Linde Group)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • BeaconMedaes LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Air Products and Chemicals Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medical Gas Solutions
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Airgas Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • MATHESON Tri-Gas Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 20 market data tables and 12 figures on “Medical Gases and Equipment Market - Global forecast to 2027”.

Frequently Asked Questions

The global Medical Gases and Equipment market size was valued at US$ 9,759.0 million in 2019 and is estimated to exhibit a CAGR of 8.0% between 2020 and 2027.
Medical gases product types segment held the major market share in 2019 owing to an Increasing prevalence of chronic disorders during the forecast period.
Major factor driving the growth of global Medical Gases and Equipment market during the forecast period increasing prevalence of chronic diseases, and increasing healthcare expenditure in developing economies.
Contamination of medical gases with harmful substances is expected to limit growth of the market during the forecast period
North America Medical Gases and Equipment market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Air Liquide S.A., Praxair, Inc. (The Linde Group), BeaconMedaes LLC, Air Products and Chemicals Inc., Medical Gas Solutions, Airgas Inc., and MATHESON Tri-Gas Inc.
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