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Medical Gas And Equipment Market Size, Share, Industry Trends and Forecast to 2030

Medical Gas And Equipment Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Medical Gas And Equipment Market

Market Analysis of Medical Gas And Equipment

1. Market Size & CAGR of Medical Gas And Equipment market in 2021

The global medical gas and equipment market is estimated to have a growth rate of 4.2% CAGR from 2021 to 2028. With this growth rate, the market is expected to reach a value of USD 25.6 billion by 2028.

2. COVID-19 Impact on the Medical Gas And Equipment Market

The COVID-19 pandemic had a significant impact on the medical gas and equipment market. As healthcare facilities around the world experienced a surge in patients, the demand for medical gases and equipment increased rapidly. Manufacturers faced challenges in meeting the sudden rise in demand, leading to supply chain disruptions and shortages in some regions. However, the market also witnessed innovation and collaboration among key players to address these challenges and ensure the availability of essential medical gases and equipment.

3. Medical Gas And Equipment Dynamics

The medical gas and equipment market is driven by factors such as the growing prevalence of chronic respiratory diseases, increasing healthcare infrastructure development, and rising demand for home healthcare services. Technological advancements in medical gas delivery systems and the growing focus on patient safety and comfort are also influencing market dynamics. However, regulatory complexities and safety concerns related to medical gases pose challenges to market growth.

4. Segments and Related analysis

4.1 Types of Medical Gases

The medical gas segment is further segmented into oxygen, nitrogen, nitrous oxide, carbon dioxide, and others. Among these, the oxygen segment holds the largest market share due to its extensive use in various medical procedures and treatments.

4.2 Types of Medical Equipment

The medical equipment segment includes gas delivery systems, regulators, flowmeters, compressors, vacuum systems, masks, and other accessories. Gas delivery systems and regulators are the key segments driving the growth of the medical equipment market.

5. By Region Analysis

The medical gas and equipment market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominates the global market due to the presence of advanced healthcare infrastructure, while the Asia Pacific region is expected to witness significant growth attributed to the rapid expansion of healthcare facilities.

6. Key Market Players and Competitive Landscape

Key market players in the medical gas and equipment market include Air Liquide, Linde plc, Air Products and Chemicals, Praxair Inc., and Taiyo Nippon Sanso. These players focus on product innovation, strategic collaborations, and mergers and acquisitions to maintain their market position and gain a competitive edge.

7. Recent happenings in the Medical Gas And Equipment Market

In recent developments, Air Liquide announced the launch of a new range of medical gas equipment with enhanced safety features. Linde plc collaborated with a leading healthcare provider to supply medical gases for critical care units. Praxair Inc. introduced a portable oxygen concentrator with advanced monitoring capabilities. These developments reflect the ongoing efforts of key market players to meet the evolving needs of the healthcare industry.

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