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.
The medical gas & equipment market is projected to expand at a compounded annual growth rate of 7.5% during the forecast period of 2022-2030.
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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 unfavorable changes in global lifestyles and eating patterns. During 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.
Additionally, 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.
Medical Gas & Equipment Market Segmentation:
By Type:
• Medical Gas
• Pure Medical Gases, By Type
o Oxygen
o Carbon Dioxide
o Nitrous Oxide
o Nitrogen
o Medical Air
o Helium
• Pure Medical Gases, By Form of Delivery
o High Pressure Cylinders
o Liquid Tanks
o Bulk Delivery
• 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
• 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
• Cryogenic Products
• Gas Delivery Systems
By Application:
• Therapeutic
• Respiratory Diseases
• Cardiovascular Diseases
• Anesthesia
• Cryosurgery
• Others
• Diagnostics
• Medical Imaging
• General laboratory Use
• Pharmaceutical manufacturing and research
• Drug Discovery
• Process Development
• Pharmaceutical Manufacturing
• 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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