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At a projected CAGR of 9.1% from 2023 to 2030, the global medical gas market is anticipated to reach USD 25.9 billion. The worldwide medical gas market is primarily driven by the rising prevalence of chronic diseases and beneficial measures launched by governmental organisations.
medicinal gases are pharmaceutical gaseous compounds that satisfy medicinal needs. Medical gas is pure and contaminant-free. The medical gases used in hospitals have a direct impact on a patient's life because they are an essential part of life support. Patients may also breathe in medical gases as part of a procedure called "gas therapy". In order to create, sterilise, or insulate processes or items that can enhance human health, medical gases are used. Medical gases can be delivered in a variety of methods, such as using freestanding oxygen cylinders or portable compressed air systems. According to current data from the World Health Organisation (WHO), pulmonary hypertension, occupational lung illnesses, and asthma would account for more than three billion deaths worldwide in May 2022. There are many different respiratory illnesses that can be treated with oxygen and other mixtures, such as lung gas mixtures.
Driving Factors
The demand for medical gases has been driven by the rise in the incidence of Chronic Respiratory Disorders (CRDs), including pulmonary hypertension, chronic obstructive pulmonary disease, and occupational lung disorders. These are the main drivers that are fueling the expansion of the worldwide medical gas market. Additionally, obesity is one of the primary causes of the rise in chronic diseases including diabetes and heart ailments. Additionally, during the projected period, the market's growth would be restrained by the rise in home healthcare applications and the growing awareness of chronic diseases among patients and clinicians. The market expansion for medical gases is also fueled by the rising prevalence of respiratory disorders and beneficial government initiatives.
Restraining Factors
Changes in medical gas calibration standards and diminishing federal funding for respiratory therapies are limiting the market's overall growth. Additionally, as a result of the costs associated with training professionals to use it correctly, the overall operational expenditure of medical gas equipment would rise, which will impede market progress. Additionally, the medical gas sector's ability to develop its market growth over the anticipated time is being limited by the oxygen industry's high maintenance expenses.
Report Coverage
Global Medical Gas research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Medical Gas report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Medical Gas competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Medical Gas market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Medical Gas market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Medical Gas market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Linde plc., Air Liquide, Atlas Copco, Messer, Air Products Inc., Taiyo Nippon Sanso Corporation, Matheson Tri-Gas Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Medical Gas market based on the below-mentioned segments:
Global Medical Gas Market, By Product
Global Medical Gas market, By Application
Global Medical Gas Market, By End User
Global Medical Gas market, Regional Analysis
medicinal gases are pharmaceutical gaseous compounds that satisfy medicinal needs. Medical gas is pure and contaminant-free. The medical gases used in hospitals have a direct impact on a patient's life because they are an essential part of life support. Patients may also breathe in medical gases as part of a procedure called "gas therapy". In order to create, sterilise, or insulate processes or items that can enhance human health, medical gases are used. Medical gases can be delivered in a variety of methods, such as using freestanding oxygen cylinders or portable compressed air systems. According to current data from the World Health Organisation (WHO), pulmonary hypertension, occupational lung illnesses, and asthma would account for more than three billion deaths worldwide in May 2022. There are many different respiratory illnesses that can be treated with oxygen and other mixtures, such as lung gas mixtures.
Driving Factors
The demand for medical gases has been driven by the rise in the incidence of Chronic Respiratory Disorders (CRDs), including pulmonary hypertension, chronic obstructive pulmonary disease, and occupational lung disorders. These are the main drivers that are fueling the expansion of the worldwide medical gas market. Additionally, obesity is one of the primary causes of the rise in chronic diseases including diabetes and heart ailments. Additionally, during the projected period, the market's growth would be restrained by the rise in home healthcare applications and the growing awareness of chronic diseases among patients and clinicians. The market expansion for medical gases is also fueled by the rising prevalence of respiratory disorders and beneficial government initiatives.
Restraining Factors
Changes in medical gas calibration standards and diminishing federal funding for respiratory therapies are limiting the market's overall growth. Additionally, as a result of the costs associated with training professionals to use it correctly, the overall operational expenditure of medical gas equipment would rise, which will impede market progress. Additionally, the medical gas sector's ability to develop its market growth over the anticipated time is being limited by the oxygen industry's high maintenance expenses.
Report Coverage
Global Medical Gas research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Medical Gas report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Medical Gas competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Medical Gas market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Linde plc., Air Liquide, Atlas Copco, Messer, Air Products Inc., Taiyo Nippon Sanso Corporation, Matheson Tri-Gas Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Medical Gas Market from 2021 to 2030.
- Market Forecast for Medical Gas Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Medical Gas competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Medical Gas
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Medical Gas market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Medical Gas market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Linde plc., Air Liquide, Atlas Copco, Messer, Air Products Inc., Taiyo Nippon Sanso Corporation, Matheson Tri-Gas Inc.
Primary Target Market
- Market Players of Medical Gas
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Medical Gas market based on the below-mentioned segments:
Global Medical Gas Market, By Product
- Pure Gases
- Gases Mixtures
- Others
Global Medical Gas market, By Application
- Pharmaceutical Manufacturing and Research
- Diagnostic Applications
- Therapeutic Applications
- Others
Global Medical Gas Market, By End User
- Hospitals
- Ambulatory Surgical Centers
- Home Healthcare
- Others
Global Medical Gas market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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