Medical Gas Equipment Market by End-user and Geography - Forecast and Analysis 2021-2025

The medical gas equipment market share is expected to increase by USD 3.79 billion from 2020 to 2025, at a CAGR of 10.82%.

This medical gas equipment market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers medical gas equipment market segmentation by end-user (hospitals and clinics, home healthcare, pharmaceutical and biotechnology companies, and academic and research institutions) and geography (North America, Europe, APAC, and ROW). The medical gas equipment market report also offers information on several market vendors, including Air Products and Chemicals Inc., Allied Healthcare Products Inc., Amico Group of Companies, Atlas Copco AB, GCE Holding AB, LAIR LIQUIDE SA, Linde Plc, Messer Group GmbH, SOL Spa, and Taiyo Nippon Sanso Corp. among others.

What will the Medical Gas Equipment Market Size be During the Forecast Period?

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Medical Gas Equipment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing pocd and home healthcare markets is notably driving the medical gas equipment market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical gas equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Medical Gas Equipment Market Driver

The growing POCD and home healthcare markets is a major driving factor for the global medical gas equipment market share growth. Point-of-care diagnostics (POCD) and home healthcare are two closely associated markets for medical gas equipment, as breathing devices and breathalyzers are used extensively in POCD and home healthcare. The increasing prevalence of respiratory infections drives the demand for POCD, as these infections increase the risk of disease transmission when the patient visits a healthcare facility. In developed countries, the cost burden of diseases such as sexually transmitted diseases (STDs) and respiratory infections is increasing. Hence, the demand for POCD is also growing, as it helps diagnose diseases faster than conventional methods. Moreover, lower cost and improved convenience of healthcare drive the growth of the market. Respiratory conditions such as asthma and COPD are some of the leading causes of immobilization among patients, which drives the demand for home healthcare. The home healthcare market is expected to grow at the fastest rate in the healthcare products and services market during the forecast period. Therefore, the high adoption rate of respiratory devices in POCD and home healthcare will increase the demand for medical gas equipment during the forecast period.

Key Medical Gas Equipment Market Trend

The increasing product innovations will fuel the global medical gas equipment market growth. End-users in the global medical gas equipment market require customizable solutions for different applications. Hence, vendors have developed innovative products that can be customized. Customization without compromising product quality is a popular strategy followed by vendors. Currently, Air Liquide has over 175 active patented innovations. The company is increasing its efforts to ensure that these patents can be used to improve its existing products. Miniaturization is also another major trend in the market. Medical gas vendors have realized the significance of integrating the cylinder valve and the pressure regulator into a single device with all necessary control functions being combined. This makes the delivery of gases easier and faster, especially for medical gas therapy. Key executives of leading companies believe that the trend of miniaturization will gain popularity in the future. Such factors will drive the growth of the market in focus during the forecast period.

Key Medical Gas Equipment Market Challenge

The declining reimbursements for respiratory therapies are a major challenge for the global medical gas equipment market growth. Globally, the prevalence of asthma, respiratory allergies, and COPD is increasing. However, reimbursements for treatments are reducing. Hence, patients are beginning to explore other options, and the cost is also high. Moreover, many programs struggle to stay in operation due to the low reimbursement from the Centers for Medicare and Medicaid Service (CMS). Limited reimbursements also discourage the development of new therapies. The CMS system reduces reimbursements for respiratory care. The home healthcare market is also affected by the implementation of the CMS system. Home respiratory therapy providers continue to face reductions in reimbursements. However, as per the formal policies that have not been revised to provide adequate reimbursement to patients undergoing respiratory therapy, the cost is being incurred by patients. . Hence, vendors in the home healthcare market are unable to sell their respiratory products. The non-coverage of respiratory conditions is likely to affect the growth of the global medical gas equipment market during the forecast period.

This medical gas equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global medical gas equipment market as part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medical gas equipment market during the forecast period.

Who are the Major Medical Gas Equipment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Air Products and Chemicals Inc.
• Allied Healthcare Products Inc.
• Amico Group of Companies
• Atlas Copco AB
• GCE Holding AB
• LAIR LIQUIDE SA
• Linde Plc
• Messer Group GmbH
• SOL Spa
• Taiyo Nippon Sanso Corp.

 

This statistical study of the medical gas equipment market encompasses successful business strategies deployed by the key vendors. The medical gas equipment market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

• L?AIR LIQUIDE S.A - The company offers a wide range of medical gas equipment such as gas stations, flow meters, pipeline and surveillance devices, terminals and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The medical gas equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Medical Gas Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the medical gas equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global healthcare equipment market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Medical Gas Equipment Market?

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43% of the market's growth will originate from North America during the forecast period. The US is the key market for medical gas equipment market in North America. Market growth in this region will be faster than the growth of the market in regions.

The growing need for medical gas cylinders during chronic disease treatment and surgeries will facilitate the medical gas equipment market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 in North America fueled the demand for medical gas equipment, primarily in hospitals and clinics, as well as in-home healthcare settings. This has propelled the demand for medical gas equipment, such as vacuum systems, manifolds, flowmeters, compressed oxygen cylinders, and medical air compressors, specifically in critical care units that are treating COVID-19 patients in ventilators with prescribed supplemental oxygen. Although the advent of COVID-19 vaccines is expected to reduce the number of COVID-19 cases in the region by the end of 2021, the demand for medical gas equipment will continue to grow during the forecast period, owing to the rising number of people with chronic respiratory diseases in the region.

What are the Revenue-generating End-user Segments in the Medical Gas Equipment Market?

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The medical gas equipment market share growth by the hospitals and clinics segment will be significant during the forecast period. Hospitals and clinics use medical gas equipment for therapy and diagnosis. Various gases such as oxygen, nitrogen, medical air, and carbon dioxide are used in multiple patient rooms to sterilize the environment and for respiratory therapy. The availability of better infrastructure support to set up hospitals and clinics and the growing affordability of patients in developed countries such as the US and the UK are some of the key factors that will drive the demand for medical gas equipment in hospitals and clinics during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the medical gas equipment market size and actionable market insights on post COVID-19 impact on each segment.

Medical Gas Equipment Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Decelerate at a CAGR of 10.82%
Market growth 2021-2025	$ 3.79 billion
Market structure	Fragmented
YoY growth (%)	13.56
Regional analysis	North America, Europe, APAC, and ROW
Performing market contribution	North America at 43%
Key consumer countries	US, China, Germany, UK, and Italy
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Air Products and Chemicals Inc., Allied Healthcare Products Inc., Amico Group of Companies, Atlas Copco AB, GCE Holding AB, LAIR LIQUIDE SA, Linde Plc, Messer Group GmbH, SOL Spa, and Taiyo Nippon Sanso Corp.
Market dynamics	Parent market analysis, 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 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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What are the Key Data Covered in this Medical Gas Equipment Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive medical gas equipment market growth during the next five years
• Precise estimation of the medical gas equipment market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the medical gas equipment industry across North America, Europe, APAC, and ROW
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of medical gas equipment market vendors

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