The Medical Gases Equipment Market is expected to register a CAGR of 7.6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented By Product (Vacuum Systems/Pumps, Manifolds, Alarm Systems, Flowmeters, Medical Air Compressors, Cylinders and Accessories, Hose Assemblies and Valves, Outlets, Regulators, Masks), End use (Hospitals, Ambulatory Surgical Centers, Home Healthcare, Pharmaceutical And Biotechnology Companies, Diagnostic and Research Laboratories, Academic and Research Institutions). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Medical Gases Equipment Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Medical Gases Equipment Market Segmentation
Product- Vacuum Systems/Pumps
- Manifolds
- Alarm Systems
- Flowmeters
- Medical Air Compressors
- Cylinders and Accessories
- Hose Assemblies and Valves
- Outlets
- Regulators
- Masks
- Hospitals
- Ambulatory Surgical Centers
- Home Healthcare
- Pharmaceutical And Biotechnology Companies
- Diagnostic and Research Laboratories
- Academic and Research Institutions
Strategic Insights
Medical Gases Equipment Market Growth Drivers- Rising Demand for Healthcare Services: The global rise in healthcare services, particularly in hospitals and clinics, has significantly boosted the demand for medical gases and equipment. Medical gases are critical for patient care during surgeries, respiratory support, and anesthesia, prompting hospitals to invest in more advanced gas delivery systems and storage equipment, driving the market's growth.
- Aging Population and Respiratory Disorders: As the global population ages, the prevalence of chronic respiratory diseases like COPD and asthma increases, leading to a higher demand for oxygen therapy and respiratory support equipment. This demographic shift is a major driver, with elderly patients requiring ongoing care and respiratory treatments, thus propelling the medical gases equipment market.
- Technological Advancements in Gas Delivery Systems: Advancements in medical gas delivery technologies, such as more efficient regulators, storage systems, and portable oxygen concentrators, have led to increased adoption of modern medical gases equipment. These innovations provide better performance, safety, and cost-effectiveness, further driving the demand for these systems in hospitals, ambulatory care centers, and home healthcare settings.
- Increased Adoption of Home Healthcare Devices: The growing trend towards home healthcare has led to higher demand for portable oxygen concentrators and home respiratory support systems. Patients with chronic illnesses prefer receiving treatment at home, and medical gas equipment companies are responding by offering compact, user-friendly devices that can provide continuous oxygen supply in non-hospital settings, expanding market opportunities.
- Integration with IoT for Monitoring and Control: There is a rising trend of integrating medical gas equipment with Internet of Things (IoT) technology for real-time monitoring and control. IoT-enabled devices can track gas levels, detect leaks, and monitor patient oxygen usage, enhancing safety and operational efficiency. This technology trend is expected to improve equipment management and patient outcomes, fueling market growth.
- Regulations and Standards Compliance: Stricter regulatory frameworks for medical devices and gases are prompting manufacturers to ensure their equipment complies with international standards. As healthcare systems around the world implement more stringent safety regulations, the demand for high-quality, certified medical gas equipment has surged. Manufacturers are increasingly focusing on compliance to meet these evolving regulatory demands.
- Growth in Emerging Markets: Emerging markets, particularly in Asia-Pacific and Latin America, present substantial opportunities for the medical gases equipment market. As healthcare infrastructure improves in these regions and the demand for healthcare services rises, there is an increased need for medical gases and related equipment, offering a significant growth opportunity for market players to expand their reach.
- Development of Advanced Gas Delivery Systems: The market presents opportunities for the development of advanced gas delivery systems that offer improved patient comfort, efficiency, and safety. Innovations such as automated oxygen titration devices, pressure regulators, and integrated systems for critical care can help hospitals and clinics provide better service and increase demand for these advanced products.
- Growing Focus on Sustainability: As healthcare organizations focus on sustainability, there is an opportunity for manufacturers to develop eco-friendly medical gases and equipment. Products that reduce gas wastage, increase energy efficiency, or use renewable energy sources could attract environmentally conscious customers, especially in hospitals and care facilities that aim to minimize their environmental impact.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Medical Gases Equipment Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Medical Gases Equipment Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Air Liquide S.A., Atlas Copco Group, Linde plc, Airgas Inc., Allied Healthcare Products Inc., Powerex, Amico Corp, Gentec Corp., Taiyo Nippon Sanso Corporation,
Colfax Corporation (GCE group AB) are the some of the key market players operating in the medical gases equipment market
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2025 - 2031)
The North America region accounts for highest revenue share medical gases equipment market
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional
/
country-wise market wherein 2021-2023 are the historic years, 2024 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
The market is expected to grow at a CAGR of 7.6%
Rising demand for healthcare services and aging population and respiratory disorders are the major factors boosting the medical gases equipment market growth
- Air Liquide S.A.
- Atlas Copco Group
- Linde plc
- Airgas Inc.
- Allied Healthcare Products Inc.
- Powerex
- Amico Corp
- Gentec Corp.
- Taiyo Nippon Sanso Corporation
- Colfax Corporation (GCE group AB)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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