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Medical Gas Market: A New Opportunity For Different Purposes

Global Medical Gas Market By Product (Medical Gases, Medical Gas Equipment),Application (Pharmaceutical Manufacturing & Research, Diagnostic Applications, Therapeutic Applications, Others), Method Of Separation (Physical Separators, Fractional Distillation, Molecular Sieve, Semipermeable Membrane, Others), End User (Hospitals, Home Healthcare, Pharmaceutical And Biotechnology Companies, Academic And Research Institutions, Emergency Service Providers, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Global medical gas market is expected to reach a healthy CAGR of 7.2% in the forecast period of 2019 to 2026.

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Some Key Developments Product Launch:

  • In 2016, Linde Gas has launched a new light-weight cylinder package for medical oxygen. This product will help in continuous oxygen supply at the hospital and home. This launch will help the company in the expansion of their business by grasping more customers.
  • In 2015, Linde Gas has launched first cylinder filing site at Siliguri in West Bengal. This will help the company to expand their business in India and to achieve great milestone in their business.

Some of the major players operating in this market  are Air Products and Chemicals, Inc. (U.S.), Taiyo Nippon Sanso Corporation (Japan), The Linde Group (Dublin), SOL-SpA (Italy), Praxair Technology, Inc. (U.S.), Air Liquide (France), Atlas Copco (Sweden), GCE Holding AB (Sweden), Messer Group (Germany), The Southern Gas Limited (India), Aims Industries Ltd. (India), Amico Group (U.S.), GCE Group (Sweden),  Crumpton Welding Supplies & Equipment (U.S.), Zaburitz Pearl Co., Ltd. (Myanmar), Ellenbarrie Industrial Gases  (India), Uttam (Pakistan), SCI Analytical (U.S.), Rotarex (Brazil, Luxembourg, United Arab Emirates), Allied Healthcare Products Inc. (U.S.) and many others.

The Medical Gas Equipment segment is expected to dominate the lab automation market, by product type, during the forecast period.

On the basis of product, the market is segmented into medical gases and medical gas equipment. Medical gases segment is sub-segmented into Pure Medical Gases and Medical Gas Mixtures. Pure Medical Gases segment is further segmented into type and form of delivery. The type segment is further sub-segmented into oxygen, carbon dioxide, nitrous oxide, nitrogen, helium and medical air. The form of delivery segment is further sub-segmented into high pressure cylinders, liquid cylinders and bulk delivery. Medical Gas Mixtures segment is further segmented into blood-gas mixtures, lung diffusion mixtures, carbon dioxide–oxygen mixtures, nitrous oxide–oxygen mixtures, laser-gas mixtures, aerobic gas mixtures, anaerobic gas mixtures, ethylene oxide and helium-oxygen mixtures. Medical gas equipment segment is sub-segmented into equipment accessories, oxygen concentrators, Cryogenic Products (Freezers) and gas delivery systems. The Equipment Accessories segment is further sub-segmented into hoses optical, manifolds, regulators, flowmeters, suction regulators, vacuum systems, outlets, medical air compressors, monitoring systems (Alarms & Monitors) and valves with integrated pressure regulators (VIPRS). The medical gases segment is growing at the highest CAGR in the forecast period of 2019 to 2026.

The pharmaceutical manufacturing & research is expected to be the fastest-growing lab automation market, by application, during the forecast period.

On the basis of application, the market is segmented into pharmaceutical manufacturing & research, diagnostic applications, therapeutic applications and others. Pharmaceutical Manufacturing & Research segment is sub-segmented into drug discovery, pharmaceutical manufacturing, process development and quality control. Diagnostic Applications segment is sub-segmented into medical imaging and general laboratory use. Therapeutic Applications segment is sub-segmented into respiratory diseases, cardiovascular diseases, anesthesia, cryosurgery and other therapeutic applications.

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Key Factors Driving Market Growth:

In February 2018, GCE Group (Sweden) launched a secure online platform for enabling ease home oxygen suppliers in remote monitoring of the GCE’s Zen-O portable oxygen concentrator. This helped the company to enlarge its business and improve their revenue.

In February 2018, Matheson Tri-Gas (Subsidiary of Taiyo Nippon Sanso Corporation (Japan)) (U.S.) concluded an agreement with Gazprom (Russia) for the distribution and import of helium in Russia. This strategy will help Taiyo Nippon Sanso Company to expand their business.

In January 2018, Air Liquide (France) entered Saudi Arabia’s healthcare market by acquiring the respiratory unit of Thimar Al Jazirah (Saudi Arabia). This strategy helped the company to expand its business in healthcare activity and enhance its customer base in the Middle East.

In May 2015, BeaconMedaes, a subsidiary of Atlas Copco, takes medical gas monitoring to next level with TotalAlert infinity notification system which will help to respond to medical gas outlet in hospitals and other medical facilities.This will help Atlas Copco to provide a range of comprehensive solutions to its customers.

Medical Gas market research study focuses on several essential parameters and examines competitive landscape, brief segmentation and industrial infrastructure. This industry analysis report is specifically designed with a set of proven guidelines and methodologies. It also offers proper direction for important firms and individuals interested in strengthening their position in the market internationally. The report explains key elements such as revenue, business distribution, market share, shipment, gross profit etc. that help the readers to understand more information about industry competitors. An in-depth overview of the Medical Gas industry is coupled with all applications, development technology, and definition.

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Last Updated: 29-Jul-2021