The Business Research Company’s report on the Medical Gas And Equipment Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the medical gas and equipment market?
The increasing prevalence of respiratory diseases is expected to propel the medical gas and equipment market growth going forward. Respiratory diseases refer to disease condition that affects the lungs and the parts of the respiratory system. Medical gases and equipment are used for the treatment of respiratory diseases, and the increase in those diseases will result in the growth of the market. For instance, according to the 2023 Global Tuberculosis Report by the World Health Organization (WHO), a Switzerland-based intergovernmental organization, the estimated global incidence of tuberculosis (TB) rose to 10.6 million cases in 2022, with an incidence rate of 136 cases per 100,000 population, continuing the upward trend from 2021. This surge underscores the increasing prevalence of respiratory diseases, further driving the demand for medical gases and equipment essential for the treatment and management of such conditions.
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How has the medical gas and equipment market size evolved, and what are the latest forecasts for its expansion?
The medical gas and equipment market size has grown strongly in recent years. It will grow from $21.99 billion in 2024 to $23.79 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to personalized medicine initiatives, education and awareness campaigns, pandemic responses, healthcare advancements, global healthcare trends.
The medical gas and equipment market size is expected to see rapid growth in the next few years. It will grow to $35.15 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to increasing healthcare expenditure, rise in chronic diseases, COVID-19 pandemic impact, shift towards home healthcare, demand in emerging markets. Major trends in the forecast period include cost efficiency and accessibility, awareness and education, personalized medicine, telemedicine and remote monitoring, focus on green technology.
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Which major companies dominate the medical gas and equipment market?
Major companies operating in the medical gas and equipment market are Linde PLC, Praxair Inc., Air Liquide S.A., Atlas Copco AB, Messer Group GmbH, Taiyo Nippon Sanso Corporation, Gas Control Equipment Ltd., Rotarex S.A., SOL S.p.A., Amico Corporation, Air Products and Chemicals Inc., BeaconMedaes LLC, Flogas Britain Limited, Matheson Tri-Gas Inc., SCI Analytical Laboratories Inc., GCE Holding AB, Medical Gas Solutions Ltd., Ohio Medical Corporation, Powerex Corp., Gentec Corporation, Cramer Decker Medical Inc., PCI Gases, Precision Medical Inc., Bay Corporation, Amada Marvel Inc., BPR Medical, Calea, Cryofab Inc., EKOM spol. s r.o., Far East Gas Co. Ltd., Gascon Systems Pty Ltd.
What trends will shape the future of the medical ceramics market?
Product innovation is a key trend gaining popularity in the medical gas and equipment market. Major companies operating in the medical gas and equipment market are focused on developing new technological solutions to strengthen their position. For instance, in March 2023, Polarean Imaging, a US-based medical drug-device combination company, received FDA approval for Xenoview, the first and only inhaled MRI hyperpolarized contrast agent made from xenon-129 gas. This innovative agent enables improved MRI evaluations of lung ventilation for patients aged 12 and older, allowing for novel visualization of lung function without the risks associated with ionizing radiation. This development marks a significant advancement in pulmonary medicine.
Which region dominates the medical gas and equipment market, and what factors contribute to its leadership?
North America was the largest region in the medical gas and equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical gas and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How is the medical gas and equipment market segmented, and which segment holds the largest share?
The medical gas and equipment market covered in this report is segmented –
1) By Type: Medical Gases, Medical Gas Mixtures, Biological Atmospheres, Medical Gas Equipment
2) By Application: Respiratory, Anesthesia, Medical Imaging, Cryosurgery, Therapeutic, Diagnostic
3) By End-User: Hospitals, Research Institutions, Home Healthcare, Pharmaceutical Industry And Academic, Biotechnology Industry, Emergency Service
Subsegments:
1) By Medical Gases: Oxygen, Nitrous Oxide, Carbon Dioxide, Helium, Nitrogen, Argon, Medical Air
2) By Medical Gas Mixtures: Oxygen-Nitrous Oxide Mixtures, Oxygen-Carbon Dioxide Mixtures, Other Specialty Gas Mixtures
3) By Biological Atmospheres: Anaerobic Atmospheres, Controlled Atmospheres, Refrigerated Atmospheres
4) By Medical Gas Equipment: Regulators, Flow Meters, Manifolds, Gas Cylinders, Pipeline Systems, Safety Systems, Gas Delivery Systems
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How is the medical gas and equipment market defined, and what are its core characteristics?
Medical gas and equipment refer to the gases used in healthcare settings and the devices associated with their delivery and regulation. These gases are essential for various medical procedures, including anesthesia, respiratory support, and surgical tool operation. The equipment help control the distribution and safe administration of these gases to patients, ensuring proper treatment and care across hospitals and clinics.
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