5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The market is segmented by Product Type (Medical Gases and Medical Gas Equipment), End User, and Geography
Fastest Growing Market:
The major factors for the growth of the medical gases and equipment market include the rising demand for home healthcare and point-of-care diagnostics, increasing prevalence of respiratory diseases, and favorable initiatives undertaken by government organizations.
Chronic respiratory diseases (CRDs) are chronic diseases of the airways and other structures of the lung. Common lung diseases are asthma, chronic obstructive pulmonary disease, occupational lung diseases, and pulmonary hypertension. According to WHO, more than 3 million people die each year from chronic obstructive pulmonary disease (COPDs), an estimated 6% of all deaths worldwide, and about 235 million people are suffering from asthma. WHO predicts that COPD may become the third leading cause of death globally, by 2030. Though these are not curable, various forms of treatment help dilate air passages and improve shortened breath, and increase the quality of life for people suffering from these diseases. Oxygen therapy is used for some chronic lung conditions, and COPD is one of these conditions. Oxygen is used to take the strain off one’s heart, not lungs. It helps in preventing pulmonary artery hypertension. Long-term oxygen use can help relieve the strain on the heart. Other medical gases are also used to treat different chronic respiratory conditions, and the increasing prevalence of respiratory diseases acts as a driver for the growth of the medical gases and equipment market.
As per the scope of this report, medical gases and equipment are defined as gases and equipment, which are 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|
Report scope can be customized per your requirements. Click here.
The oxygen gas is expected to be the fastest growing segment, as it 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 in 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 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 rising 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 high growth rate over the forecast period.
To understand key trends, Download Sample Report
North America is held a major share for the medical gases and equipment market, and 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 diseases, are expected to drive the demand for medical gases and equipment in the United States, during the forecast period. According to the Centers for Disease Control and Prevention, the incidence rate of COPD in the United States was 44.3 per 100,000, in 2014. Presence of state-of-the-art healthcare facilities, especially intensive care units, well-established medical gas market, a high prevalence of patients with respiratory disorders, and growing geriatric population have contributed to the largest share of the US market, in the global market. In the United States, the medical gases 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.
To understand geography trends, Download Sample Report.
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
22.214.171.124 Pure Medical Gases
126.96.36.199.1 Oxygen Gas
188.8.131.52.2 Nitrous Oxide Gas
184.108.40.206.3 Nitrogen Gas
220.127.116.11.4 Carbon Dioxide Gas
18.104.22.168.5 Helium Gas
22.214.171.124.6 Other Gases
126.96.36.199 Medical Gas Mixtures
188.8.131.52.1 Carbon Dioxide and Oxygen Mixture
184.108.40.206.2 Helium and Oxygen Mixture
220.127.116.11.3 Nitrous Oxide and Oxygen Mixture
18.104.22.168.4 Other Medical Gas Mixtures
22.214.171.124 Biological Atmosphere
5.1.2 Medical Gas Equipment
126.96.36.199 Hose assemblies and valves
188.8.131.52 Vacuum Systems
184.108.40.206 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
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.3.4 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
5.3.5 South America
18.104.22.168 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