Medical gases and equipment market is anticipated to grow at a considerable CAGR of 11.3% during the forecast period. The major factor responsible for the growth of respiratory diseases in the market includes smoking, asbestos, radiation, air pollution, and family history. According to Lung Cancer Research Foundation, smoking is responsible for 80% of lung cancer death, and 20% of deaths are caused among those people who never smoke.
Another factor that is propelling the growth of the market over the forecast period is the increase in developments and launches of new products by market players. For instance, in April 2022, GE Healthcare software that automates anesthesia and minimizes greenhouse gas emissions during surgery has been authorized by the FDA. The software has been approved for use with the Aisys CS2 anesthetic delivery system from GE Healthcare. In April 2020, CryopAL, a subsidiary of Air Liquide S.A. that manufactures the Freelox line of liquid oxygen vessels for medical applications, doubled its production capacity for Freelox vessels from 100 to 300 vessels per week.
Some other new product development and launches include-
For instance, in January 2020, According to BeaconMedaes LLC, the new dMED Medical Air Purification Module saves up to 65 percent of floor space and is 35 percent lighter than the old version. In October 2019, NOVAIR demonstrated its extensive variety of medical oxygen on-site production solutions at the Hôpital Expo Paris in Paris, France.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Treatment
- By Diagnosis
Regions Covered-
- North America,
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Air Liquide, Air Products and Chemicals Inc., Amico Group of Companies, Atlas Copco, BeaconMedaes, the Linde Group, Flogas, Messer Group GmbH, and others.
Medical Gases and Equipment Market– Segmentation
By Pure Gases
- Oxygen
- Carbon Dioxide
- Helium
- Nitrogen
- Medical Air
- Nitrous Oxide
By Gas Mixture
- Aerobic Mixture
- Anaerobic Mixture
- Lung Gas Mixture
- Carbon Dioxide – Oxygen Mixture
- Oxygen – Nitrous Mixture
- Helium Oxygen Mixture
- Blood Gas Mixture
- Laser Gas Mixture
- Nitrous Oxide Mixture
- Ethylene Oxides
By Component
- Cylinders
- Alarm Systems
- Manifolds
- Outlets
- Flowmeters
- Regulators
- Medical Air Compressors
- Vacuum Systems
- Others
By End-User
- Hospitals And Clinics
- Home Healthcare
- Medical Institutions
- Emergency And Remote Services
- Household
- Others
By Therapeutics
- Respiratory Diseases Medical Gases
- CVD Medical Gases
- Anaesthetic Medical Gases
- Other Therapeutics Medical Gases
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Medical Gases and Equipment Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Air Liquide
- Air Products and Chemicals, Inc.
- Airgas, Inc.
- Atlas Copco
- Beaconmedaes
- Ceodeux Meditec Headquarters
- Gce Holding Ab
- A.C Technical Gas Services Ltd.
- Matheson Tri-Gas, Inc.
- Medical Gas Solutions
- Messer
- Norco
- Praxair
- Sharjah Oxygen Co.
- Sol Spa
- Taiyo Nippon Sanso Corp.
- The Linde Group.
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