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The medical gas cylinder market size is estimated to increase by USD 2.85 billion and grow at a CAGR of 10.62% between 2022 and 2027. Market expansion hinges on various factors, including the increasing requirement during chronic disease treatment and surgeries, the proliferation of vendors providing tailored and inventive offerings, and the escalating request for medical gases in both therapeutic and diagnostic contexts. These gases serve critical roles across various healthcare applications, spanning from respiratory and anesthesia procedures to the evaluation of the cardiovascular system. Particularly in intensive care units (ICUs), medical oxygen and helium-oxygen mixtures are indispensable for treating critically ill patients, ensuring their respiratory needs are adequately addressed. As healthcare providers continue to prioritize patient care and seek innovative solutions to meet evolving medical demands, the reliance on medical gases for therapeutic and diagnostic purposes is expected to further fuel market expansion.
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This market report extensively covers market segmentation by end-user (HHH, PBI, and RI), product (fixed and portable), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
By End-user
The market share growth by the HHH segment will be significant during the forecast period. Hospitals include healthcare centers, laboratories, and clinics. Various gas cylinders are used in hospitals and home healthcare. Medical gas is used extensively in ICUs, PICUs, and NICUs. Improvements in the infrastructure of hospitals and clinics and the rise in affordability of patients in developed countries such as the US and the UK are expected to drive the growth of this segment during the forecast period.
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The HHH segment was valued at USD 1.68 billion in 2017 and continued to grow until 2021. The growth of this segment is attributed to the rising awareness among patients and caregivers about the expenses associated with home healthcare. The increasing number of surgeries has also been driving the hospital segment. Operating rooms in hospitals use medical gas cylinders to supply medical gas for therapy. Moreover, conditions such as asthma are treated using compressed medical air generated. Hence, the increasing number of surgeries and the growing prevalence of several chronic diseases will drive the growth of this segment during the forecast period.
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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The growth of the market in North America is attributed to the increasing use of equipment in the management of respiratory diseases such as COPD and asthma. In the US, the increasing incidence of COPD, asthma, and other medical conditions is expected to fuel the demand. The increasing number of surgeries is also driving the adoption, which is used to support respiration and anesthesia as well as supply aid to treat several diseases. These factors are expected to fuel the growth of the market in the region during the forecast period.
The market is propelled by several key factors. The aging population, coupled with a surge in chronic diseases like diabetes and coronary heart disease, drives demand for medical gas equipment, particularly for chronic disease management and respiratory conditions. Concurrently, technological advancements in lightweight and portable medical gas cylinders are revolutionizing home healthcare and clinic settings, while improvements in healthcare infrastructure and regulatory compliance further bolster market growth. Challenges such as the helium shortage necessitate innovative solutions yet present opportunities for collaboration within the industry.
Moreover, the market sees a significant uptake due to the rising incidence of respiratory diseases and preterm births, increasing the demand for oxygen and nitrous oxide in healthcare facilities. Safety measures and regulatory standards ensure the quality and reliability of medical gas equipment, enhancing market credibility amidst evolving healthcare needs. The prevalence of obesity and associated healthcare demands also underscores the importance of therapeutic applications of medical gases, fueling revenue-generating opportunities for market players in both hospital and home healthcare segments.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand for medical gases for therapeutic and diagnostic purposes is serving as a significant driver for market growth. These gases play a crucial role in various healthcare applications, ranging from respiratory and anesthesia procedures to cardiovascular system evaluation. Specifically, in intensive care units (ICUs), medical oxygen and helium-oxygen mixtures are indispensable for treating critically ill patients, ensuring their respiratory needs are met. Additionally, medical gases are vital in neonatology, where respiratory support for infants is essential, contributing to the improved survival rates of preterm births. Furthermore, the use of medical gases in neurological and obstetric applications demonstrates their versatility and effectiveness in providing acute treatment and analgesia, respectively, without invasive procedures.
Moreover, the advancement of medical gas equipment technology is further propelling market growth. Technological advancements are enhancing the efficiency, accuracy, and safety of medical gas delivery systems, thereby expanding their usage across various healthcare settings such as hospitals and clinics. As chronic diseases, including respiratory disorders, diabetes, and coronary heart disease, continue to rise globally, the demand for medical gases for chronic disease management is escalating. Medical gases are integral in enhancing the quality of life for individuals with chronic conditions, facilitating better disease management, and improving overall health outcomes. Additionally, the growing elderly population, coupled with increasing average life expectancy, underscores the importance of medical gases in geriatric care, further boosting market demand.
The rise in the number of hospitals and surgical centers is a key trend in the market. The number of hospitals and surgical centers is increasing across the world. Therefore, the demand is high. For example, in October 2020, the UK government announced plans to invest USD 4.3 billion in 40 hospitals and certain schemes to support 48 hospitals by 2030. Similarly, in March 2021, Steward Health Care also announced plans to build a new hospital in Utah, US.
The healthcare infrastructure of developing countries such as India and China has improved significantly over the previous decade. For instance, in January 2020, China National Development and Reform Commission (NDRC) planned to invest USD 43.5 million in the construction of hospitals in Wuhan. In India, 19 All India Institutes of Medical Sciences were operating across the country as of January 2022, and five more are expected to open by 2025. The global market is expected to benefit from the increase in the number of hospitals and surgical centers, which are the primary end consumers. Thus, the rise in the number of hospitals and surgical centers will contribute to the growth of the global market during the forecast period.
Stringent regulations may impede market growth. They provide oxygen and heliox therapy as well as life support in ICUs and for emergencies. Therefore, stringent regulations are enforced related to the design and manufacturing of these cylinders. For instance, in Europe, they must meet the requirements of the Medical Device Directive (MDD), Directive 2007/47/EC of the European Parliament, and Council Directive 93/42/EEC for Medical Devices of the European Council.
The oxygen used in medical gas cylinders must meet regulatory standards. For instance, in the US, medical air supply should meet the requirements of the American National Standards Institute (ANSI) Z86.1 - 1973 commodity specification for air type 1 grade D or better. The gas cylinder supply should meet all the requirements of US Pharmacopeia medical-grade oxygen standards. Non-adherence to regulations could lead to product recalls or rejections. Hence, stringent regulations related to design and manufacturing may affect the growth of the global market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Invacare Corp. - The company offers medical gas cylinders such as Invacare HomeFill ML6 post valve cylinder. Under the respiratory segment, the company offers stationary oxygen concentrators, portable oxygen concentrators, and oxygen refilling devices and services.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional, & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is witnessing robust growth, driven by factors such as the aging population, increasing prevalence of chronic diseases like chronic obstructive pulmonary disease (COPD) and diabetes, and advancements in medical gas handling equipment. Innovations in lightweight and portable medical gas cylinders cater to the needs of ambulatory surgical centers and homecare settings. Safety measures, including Anaesthetic Gas Scavenging Systems (AGSS) and stringent regulatory landscapes enforced by regulatory bodies like the FDA, ensure quality healthcare services. Revenue-generating opportunities abound as healthcare facilities invest in cutting-edge medical equipment and distribution services to meet the rising demand for life-essential gases like oxygen in both hospital and home settings.
Moreover, the market is experiencing steady growth, driven by factors such as the rise in chronic disease management and the increasing demand for medical gas equipment in healthcare facilities. Technological advancements in portable and home-based medical gas equipment cater to patient care needs, especially in ambulatory surgical centers and emergency vehicles. Regulatory compliance with Good Manufacturing Practice (GMP) ensures quality in the production of medical gas cylinders amidst challenges like the helium shortage. With a focus on effective healthcare systems and favorable initiatives, the market addresses therapeutic applications for respiratory conditions and oxygenation, bolstering the quality of healthcare services worldwide.
The global medical gas equipment market is experiencing significant growth driven by various factors. The increasing prevalence of chronic respiratory disorders, infectious diseases, and the aging population is driving the demand for medical gas equipment in both hospital and home care settings. Ambulance services, ambulatory surgical centers, and operating theaters require specialized medical gas equipment such as oxygen therapy equipment, anaesthetic gas scavenging systems (AGSS), and high-pressure cylinders to ensure patient safety and comfort during procedures and transportation. Moreover, the need for point-of-care diagnostics and advanced medical treatments, including MRI scans, further contributes to the demand for medical gas equipment such as high-pressure cylinders, oxygen gas cylinders, and lung diffusion mixtures. Healthcare expenditure continues to rise globally, supporting investments in medical gas equipment to enhance patient care outcomes and improve healthcare infrastructure.
The availability of gases such as oxygen, nitrogen, and carbon dioxide from sources like the Federal helium reserve ensures a steady supply for medical applications. Manifolds, medical air compressors, and other gas handling systems play a crucial role in distributing gases efficiently to in-patients and medical facilities. Overall, the medical gas equipment industry is witnessing growth opportunities driven by the increasing demand for specialized gases and equipment in various healthcare settings, reflecting a broader trend toward enhancing patient care and safety.
Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.62% |
Market growth 2023-2027 |
USD 2.85 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.78 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 33% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advanced Material Systems Co., Air Liquide SA, Air Products and Chemicals Inc., Atlas Copco AB, B.N.O.S. Meditech Ltd., CIMC ENRIC Holdings Ltd., DCC Plc, Everest Kanto Cylinder Ltd., Faber Industrie SPA, HERSILL SL, Invacare Corp., Koninklijke Philips NV, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Linde Plc, Luxfer Holdings Plc, Messer SE and Co. KGaA, Mitsubishi Chemical Group Corp., Rama Cylinders Pvt. Ltd., Sinoma Science and Technology Co. Ltd., and Worthington Industries Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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