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Asia Pacific Medical Gas and Equipment Market By Medical Gases (Oxygen, Nitrous Oxide, Carbon Dioxide, Nitrogen, Others); By Application (Therapeutic, Diagnostic, Pharmaceutical Manufacturing, Research, Others); By End-User (Hospitals, Ambulatory Surgical Centers, Home Healthcare, Clinics, Others); By Medical Gas Equipment (Cylinders, Flowmeters, Regulators, Vacuum Systems, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Asia Pacific Medical Gas and Equipment Market Size 2023	USD 999.43 million
Asia Pacific Medical Gas and Equipment Market , CAGR	8.72%
Asia Pacific Medical Gas and Equipment Market Size 2032	USD 1,951.56 million

Market Overview

The Asia Pacific medical gas and equipment market is projected to grow from USD 999.43 million in 2023 to USD 1,951.56 million by 2032, with a CAGR of 8.72%.

The Asia Pacific medical gas and equipment market is driven by the increasing demand for healthcare services, particularly in emerging economies, and the rising prevalence of chronic diseases that require respiratory therapies. Technological advancements in medical gas equipment, such as automated gas delivery systems and portable oxygen concentrators, are also boosting market growth. Additionally, the expanding healthcare infrastructure and investments in hospitals, clinics, and long-term care facilities are contributing to the demand for advanced medical gas systems. The growing awareness of patient safety and infection control further accelerates the adoption of high-quality medical gas equipment. In terms of trends, the shift towards home healthcare solutions, fueled by aging populations and the preference for non-hospital care, is gaining traction. Moreover, government initiatives to improve healthcare accessibility and affordability in the region are expected to support market expansion, enhancing the availability and efficiency of medical gases and related equipment.

The Asia Pacific medical gas and equipment market is experiencing robust growth due to increasing healthcare infrastructure, aging populations, and rising chronic diseases across the region. Key players such as Taiyo Nippon Sanso Corporation, Air Liquide, and Linde Plc dominate the market with their wide range of medical gases and innovative equipment solutions. Regional players like INOX Air Products Pvt. Ltd., Universal Industrial Gases, and Gas Malaysia Berhad contribute to the market by catering to local healthcare needs, while Chinese companies like China National Air Separation Engineering Co., Ltd. and Suzhou Xinglu Air Separation Plant Science and Technology Development Co., Ltd. are expanding their footprint in the medical gas supply sector. As the healthcare industry continues to evolve, these companies play a crucial role in providing reliable and advanced medical gas systems to hospitals, diagnostic centers, and home healthcare providers throughout the Asia Pacific region.

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Market Insights

The Asia Pacific medical gas and equipment market was valued at USD 999.43 million in 2023 and is projected to reach USD 1,951.56 million by 2032, growing at a CAGR of 8.72%.
Increasing healthcare infrastructure development and the rising prevalence of chronic diseases are driving the demand for medical gases in the region.
The shift towards home healthcare solutions and advancements in respiratory care equipment are prominent trends in the market.
Companies like Taiyo Nippon Sanso Corporation, Air Liquide, and Linde Plc are leading the market with their broad product portfolios and strong regional presence.
Challenges such as high equipment costs and supply chain inefficiencies are limiting market growth, particularly in rural areas.
The market is expanding rapidly in China, Japan, South Korea, and India, with these countries accounting for a significant portion of the market share.
Regulatory frameworks and government initiatives to improve healthcare access are expected to support market growth across the Asia Pacific region.

Market Drivers

Expansion of Healthcare Infrastructure

The rapid expansion of healthcare infrastructure in the Asia Pacific region plays a crucial role in driving the medical gas and equipment market. Countries like India and China are investing heavily in improving healthcare facilities, which include hospitals, outpatient centers, and long-term care facilities. These expansions often require the installation of advanced medical gas systems to ensure the proper delivery of gases such as oxygen, medical air, and nitrous oxide. For instance, the Indian government has launched the Ayushman Bharat scheme to enhance healthcare accessibility and quality. Government initiatives to enhance healthcare accessibility and quality are also promoting the growth of this market, ensuring broader adoption of medical gas technologies across the region.

Growing Prevalence of Chronic Diseases

The Asia Pacific region is witnessing a rise in chronic respiratory conditions, including asthma, COPD, and sleep apnea, which is significantly driving the demand for medical gases and related equipment. As lifestyle changes and environmental factors contribute to an increase in chronic diseases, there is a higher need for therapies like oxygen therapy, nebulization, and ventilation support. For instance, chronic respiratory diseases are a major health concern in the region, with COPD alone accounting for a significant number of deaths. This trend accelerates the adoption of medical gas systems, creating a sustained market demand for both healthcare facilities and home healthcare solutions.

Increasing Demand for Healthcare Services

The rising demand for healthcare services in the Asia Pacific region is a primary driver of the medical gas and equipment market. As populations grow, particularly in emerging markets, there is an increasing need for advanced medical infrastructure. The demand for medical gases, such as oxygen and nitrous oxide, is growing due to the expansion of healthcare facilities and the introduction of modern medical practices. Moreover, the growing number of hospitals, clinics, and specialized care centers requires advanced medical gas delivery systems to support patient care, driving market growth.

Technological Advancements

Technological advancements in medical gas equipment are transforming the healthcare landscape across Asia Pacific. Innovations such as automated gas delivery systems, advanced oxygen concentrators, and portable respiratory devices are making it easier to administer medical gases efficiently. These developments not only improve patient safety and comfort but also reduce operational costs for healthcare providers. The continuous evolution of medical gas technology ensures enhanced performance and reliability, which further supports the expansion of the market.

Market Trends

Shift Toward Home Healthcare Solutions

A significant trend in the Asia Pacific medical gas and equipment market is the increasing shift towards home healthcare solutions. With the region’s aging population and the growing preference for non-hospital care, patients are seeking treatments such as oxygen therapy and respiratory support in home settings. Medical gas suppliers are responding to this demand by offering portable oxygen concentrators, home ventilation systems, and user-friendly medical gas delivery equipment. For instance, the Asia-Pacific region is projected to account for more than 20% of global healthcare spending by 2030. This trend is expected to continue as more individuals opt for home-based care to improve their quality of life while reducing healthcare costs.

Focus on Patient Safety and Infection Control

There is a growing emphasis on patient safety and infection control in the Asia Pacific medical gas and equipment market. Hospitals and healthcare facilities are prioritizing the use of high-quality, safe, and sterile medical gases to minimize the risk of infections and ensure effective patient care. To meet these standards, medical gas equipment manufacturers are developing advanced filtration systems, secure gas delivery mechanisms, and automated monitoring systems. This trend reflects the healthcare sector’s commitment to reducing healthcare-associated infections and enhancing overall patient outcomes.

Government Initiatives and Regulatory Support

Government initiatives and regulatory frameworks are driving the adoption of medical gas and equipment in the Asia Pacific region. Various governments are implementing policies to enhance healthcare infrastructure, expand access to essential medical services, and improve the quality of care. For example, healthcare reforms in countries such as India and China are focused on increasing the availability and affordability of medical gas solutions in both urban and rural areas. Regulatory bodies are also tightening safety standards for medical gas delivery systems, encouraging manufacturers to develop products that adhere to stringent guidelines, further fueling market growth.

Rise in Technological Integration

Another prominent trend in the Asia Pacific medical gas and equipment market is the rise of technological integration. Healthcare facilities are increasingly adopting smart technologies such as IoT-enabled medical gas systems that provide real-time monitoring and predictive analytics for gas usage and equipment performance. These technologies enable healthcare providers to optimize their gas delivery systems, reduce wastage, and ensure the continuous supply of gases without disruptions. Additionally, the integration of automation in medical gas equipment enhances operational efficiency, making it easier for healthcare workers to manage gas delivery with minimal manual intervention.

Market Challenges Analysis

Supply Chain and Distribution Challenges

One of the primary challenges faced by the Asia Pacific medical gas and equipment market is the complex supply chain and distribution network. The region’s vast geographical landscape and varying levels of infrastructure development across countries can lead to significant delays and inefficiencies in the transportation and delivery of medical gases. In rural or remote areas, the lack of proper infrastructure makes it difficult to ensure timely delivery of critical medical gases, such as oxygen and medical air, to healthcare facilities. For instance, the medical gas industry faced significant supply chain disruptions during the COVID-19 pandemic, highlighting the need for more resilient distribution networks. Additionally, regulatory hurdles and inconsistent standards in different countries complicate the distribution process, further impacting the market’s efficiency. These supply chain challenges can disrupt the timely availability of medical gases, which is crucial for effective patient care.

High Cost of Advanced Equipment and Maintenance

Another significant challenge in the Asia Pacific medical gas and equipment market is the high cost of advanced equipment and its maintenance. While technological advancements in medical gas equipment have improved efficiency and patient safety, the associated costs can be a barrier for healthcare providers, particularly in developing countries. The initial investment in sophisticated gas delivery systems, such as automated gas monitoring devices, oxygen concentrators, and ventilators, can be prohibitively expensive for smaller healthcare institutions. Moreover, ongoing maintenance and the need for regular servicing of equipment can add to the financial burden, especially for facilities with limited budgets. This financial constraint can delay the adoption of cutting-edge technologies and hinder the overall growth of the market.

Market Opportunities

Expansion of Healthcare Infrastructure

The continued expansion of healthcare infrastructure across Asia Pacific presents significant opportunities for the medical gas and equipment market. With rising investments in healthcare facilities, including hospitals, outpatient centers, and long-term care units, there is a growing demand for medical gas systems. Emerging economies, such as India, China, and Southeast Asian nations, are rapidly developing their healthcare sectors to meet the needs of expanding populations and increasing healthcare demands. This expansion offers a lucrative opportunity for medical gas providers to supply advanced gas delivery systems, including oxygen concentrators, ventilators, and gas pipeline systems. The development of new healthcare facilities, along with government initiatives aimed at improving healthcare accessibility, further strengthens the market potential in these regions.

Increasing Demand for Home Healthcare Solutions

The shift toward home healthcare services is another key opportunity for the Asia Pacific medical gas and equipment market. As the aging population increases and patients seek more convenient, cost-effective care options, home-based treatments like oxygen therapy and respiratory support are in higher demand. Medical gas suppliers have an opportunity to cater to this growing segment by offering portable oxygen concentrators, home ventilation systems, and easy-to-use medical gas equipment. Additionally, advancements in telemedicine and remote monitoring technologies are opening new avenues for home healthcare solutions, creating a market for integrated systems that deliver both medical gases and real-time patient data. By capitalizing on this trend, companies can expand their reach and provide personalized healthcare solutions to a wider range of patients.

Market Segmentation Analysis:

By Medical Gases:

The Asia Pacific medical gas and equipment market is segmented by the type of medical gases used, with oxygen holding the largest market share due to its critical role in respiratory care, emergency treatments, and chronic disease management. Oxygen is widely used in hospitals, home healthcare, and emergency medical services. Nitrous oxide, commonly used for anesthesia and pain relief, is another key segment driving market growth, especially in dental and surgical applications. Carbon dioxide, nitrogen, and other medical gases such as medical air are also utilized in various therapeutic, diagnostic, and manufacturing applications. Nitrogen is primarily used in cryogenic procedures and as a propellant for medical devices, while carbon dioxide is essential in diagnostic imaging and laparoscopic surgeries. These medical gases are crucial for ensuring the effective functioning of medical systems, with an increasing demand driven by advancements in healthcare technology and the rising prevalence of respiratory disorders.

By Application:

The application segment of the Asia Pacific medical gas and equipment market includes therapeutic, diagnostic, pharmaceutical manufacturing, research, and other specialized uses. The therapeutic application, which includes oxygen therapy and respiratory support, leads the market due to the growing prevalence of respiratory diseases such as COPD and asthma. Diagnostic applications, such as the use of medical gases in imaging and laboratory testing, also contribute significantly to the market. Additionally, medical gases are integral in pharmaceutical manufacturing, where they are used in the production of drugs and vaccines. Research applications, especially in medical and biotechnology fields, utilize medical gases for experiments, cell cultures, and other processes. The demand for medical gases in these applications is rising as healthcare and research institutions increasingly focus on precision medicine, personalized therapies, and innovation in drug manufacturing, further fueling market growth across the region.

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Segments:

Based on Medical Gases:

Oxygen
Nitrous Oxide
Carbon Dioxide
Nitrogen
Others

Based on Application:

Therapeutic
Diagnostic
Pharmaceutical Manufacturing
Research
Others

Based on End-user:

Hospitals
Ambulatory Surgical Centers
Home Healthcare
Clinics
Others

Based on Medical Gas Equipment:

Cylinders
Flowmeters
Regulators
Vacuum Systems
Others

Based on the Geography:

China
Japan
South Korea
India
Australia
Thailand
Indonesia
Vietnam
Malaysia
Philippines
Taiwan
Rest of Asia Pacific

Regional Analysis

China and Japan

China holds the largest market share in the Asia Pacific medical gas and equipment market, accounting for over 35% of the region’s total revenue. This is due to the country’s expansive healthcare infrastructure and the increasing demand for advanced medical gas systems driven by the rapidly growing population and aging demographic. China’s healthcare sector is expanding at an accelerated rate, with significant investments in hospitals, clinics, and long-term care facilities. Additionally, the prevalence of respiratory diseases, such as asthma and COPD, is rising, leading to greater adoption of medical gases like oxygen. Japan, with a market share of approximately 25%, is another dominant player in the region. The country’s well-established healthcare system, aging population, and high demand for respiratory support and diagnostic equipment fuel the demand for medical gases. The focus on advanced medical technology and the integration of IoT in healthcare equipment further supports the market growth in Japan, making it a key market for medical gas and equipment providers.

South Korea and India

South Korea is a growing market for medical gases, holding a market share of about 15% in the Asia Pacific region. The country’s advanced healthcare infrastructure and high standards of medical care contribute to its strong market presence. Additionally, South Korea’s aging population is driving the demand for medical gases, particularly oxygen therapy and ventilation equipment, in both hospitals and home healthcare settings. The government’s investment in healthcare innovations and increased focus on improving healthcare services across the country are expected to fuel further growth in the coming years. India, with a market share of approximately 10%, is rapidly emerging as one of the key growth markets in Asia Pacific. The expanding healthcare sector, especially in rural areas, is driving the demand for medical gases. The government’s initiatives to enhance healthcare accessibility, coupled with a rising number of chronic diseases, are expected to increase the consumption of medical gases in hospitals, diagnostic centers, and home care settings.

Southeast Asia: Thailand, Indonesia, and Vietnam

Southeast Asia presents a dynamic growth opportunity for the medical gas and equipment market, with countries like Thailand, Indonesia, and Vietnam gaining traction. Thailand holds a market share of around 5%, driven by an increasing demand for medical gas systems due to advancements in the healthcare sector and a growing number of chronic respiratory conditions. Similarly, Indonesia and Vietnam are experiencing a surge in healthcare investments, with market shares of 3% and 4%, respectively. In these countries, improving healthcare infrastructure and rising healthcare needs due to urbanization and population growth are creating significant demand for medical gases. As governments in these nations focus on expanding healthcare access and modernizing facilities, the market for medical gas equipment is expected to see robust growth, particularly in therapeutic and diagnostic applications.

Australia, Malaysia, and Taiwan

Australia, with a market share of around 7%, benefits from its well-developed healthcare system and high demand for advanced medical technologies. The country’s aging population and increasing healthcare needs contribute to the rising adoption of medical gas systems, particularly for respiratory therapies and home healthcare applications. Malaysia and Taiwan are also witnessing market growth, with respective shares of 4% and 2%. Malaysia’s healthcare sector is evolving rapidly, leading to increased demand for medical gases across therapeutic, diagnostic, and pharmaceutical manufacturing applications. Taiwan, with its advanced healthcare infrastructure and technological adoption, remains a key player in the region, where medical gases are widely used in diagnostic and therapeutic procedures. As healthcare investments increase and technological advancements continue, both countries present significant opportunities for market expansion.

Key Player Analysis

Taiyo Nippon Sanso Corporation
Air Liquide
Linde Plc
China National Air Separation Engineering Co., Ltd.
Suzhou Xinglu Air Separation Plant Science and Technology Development Co., Ltd.
INOX Air Products Pvt. Ltd.
Universal Industrial Gases, Inc.
Cryogenmash JSC
NovaAir Pvt. Ltd.
Gas Malaysia Berhad

Competitive Analysis

The Asia Pacific medical gas and equipment market is highly competitive, with leading players such as Taiyo Nippon Sanso Corporation, Air Liquide, Linde Plc, China National Air Separation Engineering Co., Ltd., Suzhou Xinglu Air Separation Plant Science and Technology Development Co., Ltd., INOX Air Products Pvt. Ltd., Universal Industrial Gases, Inc., Cryogenmash JSC, NovaAir Pvt. Ltd., and Gas Malaysia Berhad shaping the market landscape. These companies dominate the region by offering comprehensive product portfolios that cater to therapeutic, diagnostic, and pharmaceutical manufacturing applications. For instance, Air Liquide has developed the “TAEMA” range of medical gas equipment, which includes innovative solutions for oxygen therapy and anesthesia. Technological advancements, such as the development of automated medical gas systems, portable oxygen concentrators, and oxygen monitoring devices, are key drivers of competition, as they enable companies to meet the diverse needs of healthcare providers. Additionally, the expansion of healthcare infrastructure across emerging markets in Asia Pacific presents opportunities for companies to strengthen their market position. Strategic partnerships with hospitals, clinics, and home healthcare providers are becoming a crucial approach for gaining market share. Furthermore, players are looking to expand their reach through regional distribution networks and local manufacturing facilities to better serve the growing demand. While large multinational companies continue to dominate, smaller regional players are leveraging cost advantages and localized solutions to carve out their niche in this competitive market. As demand for medical gases rises, the market will see further innovation and competition aimed at improving patient care and operational efficiency in healthcare facilities.

Recent Developments

In September 2024, Taiyo Nippon Sanso Corporation announced the development of CO2 shipping tank equipment aimed at achieving carbon neutrality, with plans for market release in Spring 2025.
In May 2024, Linde entered into a long-term agreement with H2 Green Steel to supply industrial gases for the world’s first large-scale green steel plant. This project involves an investment of approximately $150 million to build an on-site air separation unit (ASU), which will also support local healthcare customers by providing essential gases like oxygen and nitrogen.
In February 2024, GCE group launched new terminal units designed to improve safety and accuracy in medical gas pipeline systems. These units are critical for connecting medical gases to devices like ventilators
In January 2024, Linde signed a record number of small on-site projects in 2023, totaling 53 projects with a capital expenditure of $270 million. These projects focus on the supply of nitrogen and oxygen, utilizing Linde’s ECOVAR® technology for enhanced efficiency and sustainability across various sectors, including healthcare.

Market Concentration & Characteristics

The Asia Pacific medical gas and equipment market exhibits moderate concentration, with a few large multinational companies dominating the industry, while regional players also maintain a significant presence. The market is characterized by a mix of established global players and emerging regional companies, each striving to cater to the diverse healthcare needs of the region. Leading companies leverage their advanced technologies, extensive distribution networks, and robust customer relationships to capture a large share of the market. Meanwhile, smaller, regional players focus on offering customized solutions and cost-effective options, particularly in emerging economies where affordability is a key consideration. The market is highly dynamic, driven by factors such as the rapid expansion of healthcare infrastructure, the increasing prevalence of respiratory diseases, and the rising demand for home healthcare solutions. Technological innovation is also a prominent characteristic, with companies continuously developing new medical gas equipment, including portable oxygen concentrators, gas monitoring systems, and advanced distribution pipelines. Additionally, regulatory compliance and product quality are crucial for market participants, as medical gas systems are integral to patient care. As the healthcare sector in Asia Pacific continues to evolve, the market is likely to experience increased competition, consolidation, and a growing focus on advanced, patient-centric solutions to meet the region’s diverse needs.

Report Coverage

The research report offers an in-depth analysis based on Medical Gases, Application, End-user, Medical Gas Equipment and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The Asia Pacific medical gas and equipment market is expected to continue its growth due to expanding healthcare infrastructure and rising healthcare demands.
Increasing prevalence of chronic respiratory diseases will drive demand for oxygen therapy and other respiratory support equipment.
Growing adoption of home healthcare solutions will contribute to higher demand for portable medical gas systems and at-home oxygen concentrators.
Technological advancements in medical gas delivery systems, such as automated systems and monitoring devices, will enhance market competitiveness.
Emerging economies, particularly India, China, and Southeast Asia, will see a surge in medical gas requirements as healthcare systems modernize.
There will be an increasing emphasis on cost-effective and customizable medical gas solutions to cater to the diverse economic conditions of the region.
Government initiatives aimed at improving healthcare accessibility and quality will boost the market for medical gases in public and private hospitals.
The shift towards telemedicine and remote healthcare monitoring will drive demand for integrated medical gas systems and real-time data tracking.
Market players will focus on regional partnerships and local manufacturing to improve distribution efficiency and reduce costs.
Stringent regulatory frameworks and the need for compliance will push companies to invest in product innovation and quality assurance to meet healthcare standards.

CHAPTER NO. 1 : INTRODUCTION 20

1.1.1. Report Description 20

Purpose of the Report 20

USP & Key Offerings 20

1.1.2. Key Benefits for Stakeholders 20

1.1.3. Target Audience 21

1.1.4. Report Scope 21

CHAPTER NO. 2 : EXECUTIVE SUMMARY 22

2.1. Medical Gas and Equipment Market Snapshot 22

2.1.1. Asia Pacific Medical Gas and Equipment Market, 2018 – 2032 (USD Million) 23

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 24

3.1. Russia-Ukraine and Israel-Palestine War Impacts 24

CHAPTER NO. 4 : MEDICAL GAS AND EQUIPMENT MARKET – INDUSTRY ANALYSIS 25

4.1. Introduction 25

4.2. Market Drivers 26

4.2.1. Rising prevalence of respiratory diseases 26

4.2.2. Increasing demand for home healthcare services 27

4.3. Market Restraints 28

4.3.1. Stringent regulatory policies 28

4.4. Market Opportunities 29

4.4.1. Growing advancements in portable medical gas equipment 29

4.5. Porter’s Five Forces Analysis 30

4.6. Buying Criteria 31

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 32

5.1. Import Analysis by Asia Pacific 32

5.1.1. Asia Pacific Medical Gas and Equipment Market Import Volume/Revenue, By Asia Pacific, 2018 – 2023 32

5.2. Export Analysis by Asia Pacific 33

5.2.1. Asia Pacific Medical Gas and Equipment Market Export Volume/Revenue, By Asia Pacific, 2018 – 2023 33

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 34

6.1. Demand Analysis by Asia Pacific 34

6.1.1. Asia Pacific Medical Gas and Equipment Market Demand Volume/Revenue, By Asia Pacific, 2018 – 2023 34

6.2. Supply Analysis by Asia Pacific 35

6.2.1. Asia Pacific Medical Gas and Equipment Market Supply Volume/Revenue, By Asia Pacific, 2018 – 2023 35

CHAPTER NO. 7 : PRODUCTION ANALYSIS 36

7.1. Production Analysis by Asia Pacific 36

7.1.1. Asia Pacific Medical Gas and Equipment Market Production Volume/Revenue, By Asia Pacific, 2018 – 2023 36

CHAPTER NO. 8 : PRICE ANALYSIS 37

8.1. Price Analysis by Medical Gases 37

8.1.1. Asia Pacific Medical Gas and Equipment Market Price, By Medical Gases, 2018 – 2023 37

8.1.2. Asia Pacific Medical Gases Market Price, By Medical Gases, 2018 – 2023 37

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 38

9.1. Key Raw Materials and Suppliers 38

9.2. Key Raw Materials Price Trend 38

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 39

10.1. Manufacturing Cost Analysis 39

10.2. Manufacturing Process 39

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 40

11.1. Company Market Share Analysis – 2023 40

11.2. Value Chain Analysis 40

11.2.1. Asia Pacific Medical Gas and Equipment Market: Company Market Share, by Volume, 2023 41

11.2.2. Asia Pacific Medical Gas and Equipment Market: Company Market Share, by Revenue, 2023 42

11.2.3. Asia Pacific Medical Gas and Equipment Market: Top 6 Company Market Share, by Revenue, 2023 42

11.2.4. Asia Pacific Medical Gas and Equipment Market: Top 3 Company Market Share, by Revenue, 2023 43

11.3. Asia Pacific Medical Gas and Equipment Market Company Volume Market Share, 2023 44

11.4. Asia Pacific Medical Gas and Equipment Market Company Revenue Market Share, 2023 45

11.5. Company Assessment Metrics, 2023 45

11.5.1. Stars 45

11.5.2. Emerging Leaders 45

11.5.3. Pervasive Players 45

11.5.4. Participants 45

11.6. Start-ups /SMEs Assessment Metrics, 2023 45

11.6.1. Progressive Companies 45

11.6.2. Responsive Companies 46

11.6.3. Dynamic Companies 46

11.6.4. Starting Blocks 46

11.7. Strategic Developments 47

11.7.1. Acquisitions & Mergers 47

New Product Launch 47

Asia Pacific Expansion 47

11.8. Key Players Product Matrix 48

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 49

12.1. PESTEL 49

12.1.1. Political Factors 49

12.1.2. Economic Factors 49

12.1.3. Social Factors 49

12.1.4. Technological Factors 49

12.1.5. Environmental Factors 49

12.1.6. Legal Factors 49

12.2. Adjacent Market Analysis 49

CHAPTER NO. 13 : MEDICAL GAS AND EQUIPMENT MARKET – BY MEDICAL GASES SEGMENT ANALYSIS 50

13.1. Medical Gas and Equipment Market Overview, by Medical Gases Segment 50

13.1.1. Medical Gas and Equipment Market Revenue Share, By Medical Gases, 2023 & 2032 51

13.1.2. Medical Gas and Equipment Market Attractiveness Analysis, By Medical Gases 52

13.1.3. Incremental Revenue Growth Opportunity, by Medical Gases, 2024 – 2032 52

13.1.4. Medical Gas and Equipment Market Revenue, By Medical Gases, 2018, 2023, 2027 & 2032 53

13.2. Oxygen 54

13.3. Nitrous Oxide 55

13.4. Carbon Dioxide 56

13.5. Nitrogen 57

13.6. Others 58

CHAPTER NO. 14 : MEDICAL GAS AND EQUIPMENT MARKET – BY APPLICATION SEGMENT ANALYSIS 59

14.1. Medical Gas and Equipment Market Overview, by Application Segment 59

14.1.1. Medical Gas and Equipment Market Revenue Share, By Application, 2023 & 2032 60

14.1.2. Medical Gas and Equipment Market Attractiveness Analysis, By Application 61

14.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 61

14.1.4. Medical Gas and Equipment Market Revenue, By Application, 2018, 2023, 2027 & 2032 62

14.2. Therapeutic 63

14.3. Diagnostic 64

14.4. Pharmaceutical Manufacturing 65

14.5. Research 66

14.6. Others 67

CHAPTER NO. 15 : MEDICAL GAS AND EQUIPMENT MARKET – BY END-USER SEGMENT ANALYSIS 68

15.1. Medical Gas and Equipment Market Overview, by End-user Segment 68

15.1.1. Medical Gas and Equipment Market Revenue Share, By End-user, 2023 & 2032 69

15.1.2. Medical Gas and Equipment Market Attractiveness Analysis, By End-user 70

15.1.3. Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032 70

15.1.4. Medical Gas and Equipment Market Revenue, By End-user, 2018, 2023, 2027 & 2032 71

15.2. Hospitals 72

15.3. Ambulatory Surgical Centers 73

15.4. Home Healthcare 74

15.5. Clinics 75

15.6. Others 76

CHAPTER NO. 16 : MEDICAL GAS AND EQUIPMENT MARKET – BY MEDICAL GAS EQUIPMENT SEGMENT ANALYSIS 77

16.1. Medical Gas and Equipment Market Overview, by Medical Gas Equipment Segment 77

16.1.1. Medical Gas and Equipment Market Revenue Share, By Medical Gas Equipment, 2023 & 2032 78

16.1.2. Medical Gas and Equipment Market Attractiveness Analysis, By Medical Gas Equipment 79

16.1.3. Incremental Revenue Growth Opportunity, by Medical Gas Equipment, 2024 – 2032 79

16.1.4. Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018, 2023, 2027 & 2032 80

16.2. Cylinders 81

16.3. Flowmeters 82

16.4. Regulators 83

16.5. Vacuum Systems 84

16.6. Others 85

CHAPTER NO. 17 : MEDICAL GAS AND EQUIPMENT MARKET – ASIA PACIFIC ANALYSIS 86

17.1. Medical Gases 86

17.1.1. Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 86

17.2. Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 86

17.3. Application 87

17.3.1. Asia Pacific Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 87

17.3.2. Asia Pacific Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 87

17.4. End-user 88

17.4.1. Asia Pacific Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 88

17.4.2. Asia Pacific Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 88

17.5. Medical Gas Equipment 89

17.5.1. Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 89

17.5.2. Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2024 – 2032 (USD Million) 89

17.6. China 89

17.7. Japan 89

17.8. South Korea 90

17.9. India 90

17.10. Australia 90

17.11. Thailand 90

17.12. Indonesia 90

17.13. Vietnam 90

17.14. Malaysia 90

17.15. Philippines 90

17.16. Taiwan 90

17.17. Rest of Asia Pacific 90

CHAPTER NO. 18 : COMPANY PROFILES 91

18.1. Taiyo Nippon Sanso Corporation 91

18.1.1. Company Overview 91

18.1.2. Product Portfolio 91

18.1.3. Swot Analysis 91

18.1.4. Business Strategy 92

18.1.5. Financial Overview 92

18.2. Air Liquide 93

18.3. Linde Plc 93

18.4. China National Air Separation Engineering Co., Ltd. 93

18.5. Suzhou Xinglu Air Separation Plant Science and Technology Development Co., Ltd. 93

18.6. INOX Air Products Pvt. Ltd. 93

18.7. Universal Industrial Gases, Inc. 93

18.8. Cryogenmash JSC 93

18.9. NovaAir Pvt. Ltd. 93

18.10. Gas Malaysia Berhad 93

List of Figures

FIG NO. 1. Asia Pacific Medical Gas and Equipment Market Revenue, 2018 – 2032 (USD Million) 23

FIG NO. 2. Porter’s Five Forces Analysis for Asia Pacific Medical Gas and Equipment Market 30

FIG NO. 3. Asia Pacific Medical Gas and Equipment Market Import Volume/Revenue, By Asia Pacific, 2018 – 2023 32

FIG NO. 4. Asia Pacific Medical Gas and Equipment Market Export Volume/Revenue, By Asia Pacific, 2018 – 2023 33

FIG NO. 5. Asia Pacific Medical Gas and Equipment Market Demand Volume/Revenue, By Asia Pacific, 2018 – 2023 34

FIG NO. 6. Asia Pacific Medical Gas and Equipment Market Supply Volume/Revenue, By Asia Pacific, 2018 – 2023 35

FIG NO. 7. Asia Pacific Medical Gas and Equipment Market Production Volume/Revenue, By Asia Pacific, 2018 – 2023 36

FIG NO. 8. Asia Pacific Medical Gas and Equipment Market Price, By Medical Gases, 2018 – 2023 37

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 38

FIG NO. 10. Manufacturing Cost Analysis 39

FIG NO. 11. Manufacturing Process 39

FIG NO. 12. Value Chain Analysis for Asia Pacific Medical Gas and Equipment Market 40

FIG NO. 13. Company Share Analysis, 2023 41

FIG NO. 14. Company Share Analysis, 2023 42

FIG NO. 15. Company Share Analysis, 2023 42

FIG NO. 16. Company Share Analysis, 2023 43

FIG NO. 17. Medical Gas and Equipment Market – Company Volume Market Share, 2023 44

FIG NO. 18. Medical Gas and Equipment Market – Company Revenue Market Share, 2023 45

FIG NO. 19. Medical Gas and Equipment Market Revenue Share, By Medical Gases, 2023 & 2032 51

FIG NO. 20. Market Attractiveness Analysis, By Medical Gases 52

FIG NO. 21. Incremental Revenue Growth Opportunity by Medical Gases, 2024 – 2032 52

FIG NO. 22. Medical Gas and Equipment Market Revenue, By Medical Gases, 2018, 2023, 2027 & 2032 53

FIG NO. 23. Asia Pacific Medical Gas and Equipment Market for Oxygen, Revenue (USD Million) 2018 – 2032 54

FIG NO. 24. Asia Pacific Medical Gas and Equipment Market for Nitrous Oxide, Revenue (USD Million) 2018 – 2032 55

FIG NO. 25. Asia Pacific Medical Gas and Equipment Market for Carbon Dioxide, Revenue (USD Million) 2018 – 2032 56

FIG NO. 26. Asia Pacific Medical Gas and Equipment Market for Nitrogen, Revenue (USD Million) 2018 – 2032 57

FIG NO. 27. Asia Pacific Medical Gas and Equipment Market for Others, Revenue (USD Million) 2018 – 2032 58

FIG NO. 28. Medical Gas and Equipment Market Revenue Share, By Application, 2023 & 2032 60

FIG NO. 29. Market Attractiveness Analysis, By Application 61

FIG NO. 30. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 61

FIG NO. 31. Medical Gas and Equipment Market Revenue, By Application, 2018, 2023, 2027 & 2032 62

FIG NO. 32. Asia Pacific Medical Gas and Equipment Market for Therapeutic, Revenue (USD Million) 2018 – 2032 63

FIG NO. 33. Asia Pacific Medical Gas and Equipment Market for Diagnostic, Revenue (USD Million) 2018 – 2032 64

FIG NO. 34. Asia Pacific Medical Gas and Equipment Market for Pharmaceutical Manufacturing, Revenue (USD Million) 2018 – 2032 65

FIG NO. 35. Asia Pacific Medical Gas and Equipment Market for Research, Revenue (USD Million) 2018 – 2032 66

FIG NO. 36. Asia Pacific Medical Gas and Equipment Market for Others, Revenue (USD Million) 2018 – 2032 67

FIG NO. 37. Medical Gas and Equipment Market Revenue Share, By End-user, 2023 & 2032 69

FIG NO. 38. Market Attractiveness Analysis, By End-user 70

FIG NO. 39. Incremental Revenue Growth Opportunity by End-user, 2024 – 2032 70

FIG NO. 40. Medical Gas and Equipment Market Revenue, By End-user, 2018, 2023, 2027 & 2032 71

FIG NO. 41. Asia Pacific Medical Gas and Equipment Market for Hospitals, Revenue (USD Million) 2018 – 2032 72

FIG NO. 42. Asia Pacific Medical Gas and Equipment Market for Ambulatory Surgical Centers, Revenue (USD Million) 2018 – 2032 73

FIG NO. 43. Asia Pacific Medical Gas and Equipment Market for Home Healthcare, Revenue (USD Million) 2018 – 2032 74

FIG NO. 44. Asia Pacific Medical Gas and Equipment Market for Clinics, Revenue (USD Million) 2018 – 2032 75

FIG NO. 45. Asia Pacific Medical Gas and Equipment Market for Others, Revenue (USD Million) 2018 – 2032 76

FIG NO. 46. Medical Gas and Equipment Market Revenue Share, By Medical Gas Equipment, 2023 & 2032 78

FIG NO. 47. Market Attractiveness Analysis, By Medical Gas Equipment 79

FIG NO. 48. Incremental Revenue Growth Opportunity by Medical Gas Equipment, 2024 – 2032 79

FIG NO. 49. Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018, 2023, 2027 & 2032 80

FIG NO. 50. Asia Pacific Medical Gas and Equipment Market for Cylinders, Revenue (USD Million) 2018 – 2032 81

FIG NO. 51. Asia Pacific Medical Gas and Equipment Market for Flowmeters, Revenue (USD Million) 2018 – 2032 82

FIG NO. 52. Asia Pacific Medical Gas and Equipment Market for Regulators, Revenue (USD Million) 2018 – 2032 83

FIG NO. 53. Asia Pacific Medical Gas and Equipment Market for Vacuum Systems, Revenue (USD Million) 2018 – 2032 84

FIG NO. 54. Asia Pacific Medical Gas and Equipment Market for Others, Revenue (USD Million) 2018 – 2032 85

List of Tables

TABLE NO. 1. : Asia Pacific Medical Gas and Equipment Market: Snapshot 22

TABLE NO. 2. : Drivers for the Medical Gas and Equipment Market: Impact Analysis 26

TABLE NO. 3. : Restraints for the Medical Gas and Equipment Market: Impact Analysis 28

TABLE NO. 4. : Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 37

TABLE NO. 5. : Key Raw Materials & Suppliers 38

TABLE NO. 6. : Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 86

TABLE NO. 7. : Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 86

TABLE NO. 8. : Asia Pacific Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 87

TABLE NO. 9. : Asia Pacific Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 87

TABLE NO. 10. : Asia Pacific Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 88

TABLE NO. 11. : Asia Pacific Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 88

TABLE NO. 12. : Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 89

TABLE NO. 13. : Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2024 – 2032 (USD Million) 89

Frequently Asked Questions

What is the current size of the Asia Pacific Medical Gas and Equipment Market?

The Asia Pacific medical gas and equipment market was valued at USD 999.43 million in 2023 and is projected to reach USD 1,951.56 million by 2032, growing at a CAGR of 8.72%.

What factors are driving the growth of the Asia Pacific Medical Gas and Equipment Market?

Growth is driven by expanding healthcare infrastructure, rising prevalence of chronic diseases requiring respiratory therapies, advancements in medical gas equipment, increasing demand for home healthcare solutions, and supportive government initiatives to improve healthcare accessibility and quality.

What are the key segments within the Asia Pacific Medical Gas and Equipment Market?

Key segments include medical gases (e.g., oxygen, nitrous oxide, carbon dioxide, nitrogen), applications (e.g., therapeutic, diagnostic, pharmaceutical manufacturing, research), end-users (e.g., hospitals, ambulatory surgical centers, home healthcare), and medical gas equipment (e.g., cylinders, flowmeters, regulators, vacuum systems).

What are some challenges faced by the Asia Pacific Medical Gas and Equipment Market?

Challenges include high costs of advanced equipment and maintenance, supply chain inefficiencies across geographically diverse regions, and limited access to medical gases in rural and underserved areas due to infrastructure constraints.

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