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

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR70583
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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?

Medical Gas Equipment Market Size

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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?

Medical Gas Equipment Market Market segmentation by region

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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?

Medical Gas Equipment Market Segmentation

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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

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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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis for healthcare equipment market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • 5.3 Hospitals and clinics - Market size and forecast 2020-2025
        • Exhibit 17: Hospitals and clinics - Market size and forecast 2020-2025 ($ million)
        • Exhibit 18: Hospitals and clinics - Year-over-year growth 2020-2025 (%)
      • 5.4 Home healthcare - Market size and forecast 2020-2025
        • Exhibit 19: Home healthcare - Market size and forecast 2020-2025 ($ million)
        • Exhibit 20: Home healthcare - Year-over-year growth 2020-2025 (%)
      • 5.5 Pharmaceutical and biotechnology companies - Market size and forecast 2020-2025
        • Exhibit 21: Pharmaceutical and biotechnology companies - Market size and forecast 2020-2025 ($ million)
        • Exhibit 22: Pharmaceutical and biotechnology companies - Year-over-year growth 2020-2025 (%)
      • 5.6 Academic and research institutions - Market size and forecast 2020-2025
        • Exhibit 23: Academic and research institutions - Market size and forecast 2020-2025 ($ million)
        • Exhibit 24: Academic and research institutions - Year-over-year growth 2020-2025 (%)
      • 5.7 Market opportunity by End-user
        • Exhibit 25: Market opportunity by End-user

      6 Customer Landscape

      7 Geographic Landscape

      • 7.1 Geographic segmentation
        • Exhibit 27: Market share by geography 2020-2025 (%)
      • 7.2 Geographic comparison
        • Exhibit 28: Geographic comparison
      • 7.3 North America - Market size and forecast 2020-2025
        • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
        • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
      • 7.4 Europe - Market size and forecast 2020-2025
        • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
        • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
      • 7.5 APAC - Market size and forecast 2020-2025
        • Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)
        • Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
      • 7.6 ROW - Market size and forecast 2020-2025
        • Exhibit 35: ROW - Market size and forecast 2020-2025 ($ million)
        • Exhibit 36: ROW - Year-over-year growth 2020-2025 (%)
      • 7.7 Key leading countries
        • Exhibit 37: Key leading countries
      • 7.8 Market opportunity by geography
        • Exhibit 38: Market opportunity by geography ($ million)

      8 Drivers, Challenges, and Trends

      • 8.1 Market drivers
        • 8.2 Market challenges
          • Exhibit 39: Impact of drivers and challenges
        • 8.3 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 40: Vendor landscape
            • 9.3 Landscape disruption
              • Exhibit 41: Landscape disruption
              • Exhibit 42: Industry risks

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 43: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 44: Market positioning of vendors
            • 10.3 Air Products and Chemicals Inc.
              • 10.4 Allied Healthcare Products Inc.
                • Exhibit 50: Allied Healthcare Products Inc. - Overview
                • Exhibit 51: Allied Healthcare Products Inc. - Business segments
                • Exhibit 52: Allied Healthcare Products Inc. - Key offerings
              • 10.5 Amico Group of Companies
                • Exhibit 53: Amico Group of Companies - Overview
                • Exhibit 54: Amico Group of Companies - Product and service
                • Exhibit 55: Amico Group of Companies - Key offerings
              • 10.6 Atlas Copco AB
                • Exhibit 56: Atlas Copco AB - Overview
                • Exhibit 57: Atlas Copco AB - Business segments
                • Exhibit 58: Atlas Copco AB - Key offerings
                • Exhibit 59: Atlas Copco AB - Segment focus
              • 10.7 GCE Holding AB
                • Exhibit 60: GCE Holding AB - Overview
                • Exhibit 61: GCE Holding AB - Product and service
                • Exhibit 62: GCE Holding AB - Key offerings
              • 10.8 LAIR LIQUIDE SA
                • Exhibit 63: LAIR LIQUIDE SA - Overview
                • Exhibit 64: LAIR LIQUIDE SA - Business segments
                • Exhibit 65: LAIR LIQUIDE SA - Key offerings
                • Exhibit 66: LAIR LIQUIDE SA - Segment focus
              • 10.9 Linde Plc
                • Exhibit 67: Linde Plc - Overview
                • Exhibit 68: Linde Plc - Business segments
                • Exhibit 69: Linde Plc – Key news
                • Exhibit 70: Linde Plc - Key offerings
                • Exhibit 71: Linde Plc - Segment focus
              • 10.10 Messer Group GmbH
                • Exhibit 72: Messer Group GmbH - Overview
                • Exhibit 73: Messer Group GmbH - Product and service
                • Exhibit 74: Messer Group GmbH – Key news
                • Exhibit 75: Messer Group GmbH - Key offerings
              • 10.11 SOL Spa
                • Exhibit 76: SOL Spa - Overview
                • Exhibit 77: SOL Spa - Business segments
                • Exhibit 78: SOL Spa - Key offerings
                • Exhibit 79: SOL Spa - Segment focus
              • 10.12 Taiyo Nippon Sanso Corp.
                • Exhibit 80: Taiyo Nippon Sanso Corp. - Overview
                • Exhibit 81: Taiyo Nippon Sanso Corp. - Business segments
                • Exhibit 82: Taiyo Nippon Sanso Corp. - Key offerings
                • Exhibit 83: Taiyo Nippon Sanso Corp. - Segment focus

              11 Appendix

              • 11.1 Scope of the report
                • 11.2 Currency conversion rates for US$
                  • Exhibit 84: Currency conversion rates for US$
                • 11.3 Research methodology
                  • Exhibit 85: Research Methodology
                  • Exhibit 86: Validation techniques employed for market sizing
                  • Exhibit 87: Information sources
                • 11.4 List of abbreviations
                  • Exhibit 88: List of abbreviations

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Medical Gas Equipment Market market growth will increase by $3.79 bn during 2021-2025.
                The medical gas equipment market market is expected to grow at a CAGR of 10.82% during 2021-2025.
                Technavio has segmented the medical gas equipment market market 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).
                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. are a few of the key vendors in the medical gas equipment market market.
                North America will register the highest growth rate of 43% among the other regions. Therefore, the medical gas equipment market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the medical gas equipment market market growth are:
                • Growing POCD and home healthcare markets
                • Increasing product innovations
                The medical gas equipment market market vendors should focus on grabbing business opportunities from the hospitals and clinics segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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                • Covid-19 impact and recovery analysis
                • Data on revenue-generating market segments
                • Details on the market shares of various regions
                • Five-force market analysis

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