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The Medical Gases and Equipment Market is segmented by Product Type (Medical Gases and Medical Gas Equipment), End User, and Geography.
2018 - 2026
Fastest Growing Market:
The major factors driving the growth of the medical gases and equipment market include the rising demand for home healthcare and point-of-care diagnostics, the increasing burden of respiratory diseases, and favorable initiatives undertaken by government organizations.
As per the scope of this report, medical gases and equipment are defined as gases and equipment used for therapeutic diagnosis and curative purposes, as well as for pharmaceutical and biotechnology research. The market is segmented by product type, end user, and geography.
|By End User|
|Other End Users|
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The pure medical gas sub-segment is expected to be the fastest-growing segment, owing to the large usage of oxygen gas, as the oxygen gas provides a base for all modern anesthetic techniques and life support for artificially ventilated patients. The rising incidence of chronic diseases and road accidents across the world are major factors boosting the growth of the market. The patients admitted to intensive care units and ambulatory care for various types of surgeries require oxygen gas for life support. The oxygen supply sources are divided into two categories, namely bulk oxygen systems and cylinder-manifold-supply systems. According to the estimates of the Insurance Institute for Highway Safety (IIHS) and Highway Loss Data Institute (HLDI), in 2017, there were 34,247 motor vehicle crashes in the United States, leading to around 37,133 deaths. Thus, owing to the increasing cases of road accidents, there may be a huge demand for oxygen in various life care settings. Thus, due to the aforementioned factors, the market is expected to witness a high growth rate over the forecast period.
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North America held a major share in the medical gases and equipment market, and it is expected to show a similar trend over the forecast period, without significant fluctuations. This steady growth rate is majorly attributed to the increasing use of medical gases and equipment in the management of various respiratory diseases, such as COPD and asthma. The growing incidences of COPD, asthma, and other medical conditions, such as cardiovascular and lifestyle-related diseases, are expected to drive the demand for medical gases and equipment in the United States, during the forecast period. The presence of state-of-the-art healthcare facilities, especially intensive care units, a well-established medical gas market, a high prevalence of patients with respiratory disorders, and the growing geriatric population have contributed to the largest share of the US market. In the United States, the medical gas sector is in the middle of a shift in standards, analysis, and delivery procedures, which results from the current increase in the use of home oxygen therapy to the modernization of medical gas standards and the means of supply.
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The market studied is moderately consolidated, owing to the presence of a few key players in the market. Some of the market players are Air Liquide, Air Products and Chemicals Inc., Amico Group of Companies, Atlas Copco, BeaconMedaes, the Linde Group, Flogas, Messer Group GmbH, Matheson Tri-Gas Inc., and Taiyo Nippon Sanso Corporation.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Home Healthcare and Point-of-care Diagnostics
4.2.2 Increasing Prevalence of Respiratory Diseases
4.2.3 Favorable Initiatives Undertaken by Government Organizations
4.3 Market Restraints
4.3.1 Stringent Regulatory Process
4.3.2 Limited Healthcare Reimbursement
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Medical Gases
184.108.40.206 Pure Medical Gases
220.127.116.11 Medical Gas Mixtures
18.104.22.168 Biological Atmosphere
5.1.2 Medical Gas Equipment
22.214.171.124 Hose Assemblies and Valves
126.96.36.199 Vacuum Systems
188.8.131.52 Other Medical Gas Equipment
5.2 By End User
5.2.2 Ambulatory Care
5.2.3 Other End Users
5.3.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
188.8.131.52 South Africa
184.108.40.206 Rest of Middle-East and Africa
5.3.5 South America
220.127.116.11 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Air Liquide
6.1.2 Air Products and Chemicals Inc.
6.1.3 Amico Group of Companies
6.1.4 Atlas Copco
6.1.7 Matheson Tri-Gas Inc.
6.1.8 Messer Group GmbH
6.1.9 Taiyo Nippon Sanso Corporation
6.1.10 The Linde Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments