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Canada 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

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Published: | Report ID: 72595 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period  2019-2022
Base Year  2023
Forecast Period  2024-2032
Canada Medical Gas And Equipment Market Size 2023  USD 116 Million
Canada Medical Gas And Equipment Market, CAGR  7.0%
Canada Medical Gas And Equipment Market Size 2032  USD 199.30 Million

Market Overview

The Canada Medical Gas And Equipment Market is projected to grow from USD 116 million in 2023 to USD 199.30 million by 2032, expanding at a compound annual growth rate (CAGR) of 7.0%.

The Canada medical gas and equipment market is driven by the rising demand for advanced healthcare infrastructure and the increasing prevalence of chronic respiratory and cardiovascular diseases. The growing adoption of home healthcare services further supports market growth as portable oxygen therapy devices gain traction among patients requiring long-term respiratory care. Stringent government regulations emphasizing patient safety and the quality of medical gases are boosting investments in innovative equipment with enhanced monitoring capabilities. Additionally, the expansion of the aging population and advancements in gas delivery systems and gas-powered medical devices are fostering technological innovation. Industry players are focusing on integrating smart technology for real-time monitoring and control, aligning with the broader trend of digital healthcare solutions. Sustainable practices, such as eco-friendly gas packaging and efficient gas usage systems, are also gaining importance, reflecting the market’s shift toward environmentally responsible solutions. These factors collectively create a favorable outlook for the market’s long-term growth.

The Canada medical gas and equipment market exhibits significant regional variation, with key players targeting specific geographical areas to capitalize on demand. Ontario and Quebec are the primary hubs for medical gas systems, driven by their advanced healthcare infrastructure and high concentration of hospitals, pharmaceutical manufacturing facilities, and research institutions. Western Canada, including Alberta and British Columbia, is witnessing a growing demand for medical gases, particularly in rural and remote healthcare settings. Key players in the market include global leaders such as Air Products and Chemicals, Praxair, Linde Plc, and Matheson Tri-Gas, Inc., which offer a range of medical gases and equipment for therapeutic, diagnostic, and research applications. Other notable companies, such as Airgas (an Air Liquide company), CryoVation, and Nova Analytical Systems, play an important role in providing specialized equipment and gases. These players are focusing on expanding their regional presence, enhancing product offerings, and driving innovations to meet evolving market needs.

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Market Insights

  • The Canada medical gas and equipment market is valued at USD 116 million in 2023 and is expected to reach USD 199.03 million by 2032, growing at a CAGR of 7%.
  • Increasing prevalence of chronic respiratory diseases and surgical procedures is driving demand for oxygen therapy and anesthesia management.
  • Rising adoption of portable and homecare solutions, as well as smart gas monitoring systems, is shaping market trends.
  • Companies are investing in eco-friendly and energy-efficient gas delivery systems to align with sustainability goals and reduce environmental impact.
  • The market faces challenges related to stringent regulatory compliance and high costs associated with safety standards.
  • Supply chain disruptions and maintenance challenges are impacting the consistent availability of medical gases and equipment.
  • Ontario and Quebec lead the market, with key players like Air Products and Chemicals, Praxair, and Linde Plc enhancing their regional presence.

Market Drivers

Growing Prevalence of Chronic Diseases

The increasing prevalence of chronic respiratory and cardiovascular diseases significantly drives the demand for medical gases and equipment in Canada. Conditions such as Chronic Obstructive Pulmonary Disease (COPD), asthma, and sleep apnea require continuous oxygen therapy and advanced respiratory support systems. For instance, chronic respiratory diseases like COPD and asthma accounted for 3.8% of all deaths in Canada in 2020. The aging population further exacerbates the prevalence of these conditions, leading to a higher dependency on medical gas equipment in hospitals, clinics, and homecare settings. As healthcare providers focus on improving patient outcomes, the adoption of advanced gas delivery systems is expected to grow, bolstering market expansion.

Regulatory Focus on Safety and Quality Standards

Strict government regulations regarding the safety, purity, and handling of medical gases are pushing healthcare facilities to adopt advanced equipment that complies with stringent quality standards. The Canadian Standards Association (CSA) and other regulatory bodies mandate the implementation of precise monitoring and control systems to ensure patient safety. For instance, the CSA’s standards for medical gas pipeline systems specify safety requirements for the design and installation of these systems. This regulatory emphasis drives investments in technologically sophisticated equipment designed to maintain gas purity and provide accurate flow control. Additionally, the rising awareness among healthcare providers about compliance with safety guidelines is fostering demand for premium quality gas and equipment solutions.

Rising Demand for Home Healthcare Solutions

A shift toward home healthcare services is a key driver in the Canada medical gas and equipment market. Patients managing chronic conditions increasingly prefer home-based care for its convenience and cost-effectiveness. Portable oxygen concentrators and other mobile respiratory equipment have witnessed growing popularity due to their ease of use. This trend is encouraging manufacturers to innovate compact, user-friendly devices with enhanced safety features, thereby stimulating market growth. The integration of telehealth technologies further supports the adoption of home-based medical equipment, providing real-time monitoring and better disease management.

Advancements in Technology and Sustainable Practices

Technological innovation is a prominent driver reshaping the medical gas and equipment industry. Smart gas monitoring systems and automated delivery solutions are becoming integral in modern healthcare settings, enhancing operational efficiency and patient safety. Furthermore, growing environmental concerns are encouraging the adoption of sustainable practices, such as recyclable gas containers and energy-efficient equipment. Companies are increasingly focusing on developing eco-friendly solutions, aligning with sustainability goals and contributing to long-term market growth.

Market Trends

Focus on Sustainable and Environmentally Friendly Practices

Sustainability is becoming a key trend as healthcare facilities and manufacturers prioritize eco-friendly solutions. The development of energy-efficient equipment, recyclable gas cylinders, and systems designed to minimize gas wastage is gaining traction. For instance, the Canadian Coalition for Green Health Care is actively promoting environmentally sustainable practices within the healthcare sector. Companies are also adopting green manufacturing processes and sustainable packaging materials to align with regulatory frameworks and environmental goals. This growing emphasis on sustainability not only reduces the industry’s carbon footprint but also supports long-term cost savings and operational efficiency, making it an essential factor in market growth.

Expansion of Healthcare Infrastructure

The ongoing expansion and modernization of healthcare infrastructure in Canada are driving trends in advanced gas equipment adoption. Investments in new hospitals, clinics, and specialized care centers are increasing demand for sophisticated gas delivery systems and monitoring equipment. For example, Canada’s health expenditure is projected to reach $372 billion in 2024, reflecting significant investments in healthcare infrastructure. Additionally, technological upgrades in existing facilities, aimed at enhancing patient care and meeting regulatory standards, are further propelling market growth. This infrastructure expansion aligns with government initiatives to improve healthcare accessibility and quality, reinforcing the need for reliable medical gas and equipment solutions.

Rising Adoption of Portable and Homecare Solutions

One of the significant trends in the Canada medical gas and equipment market is the growing preference for portable and homecare solutions. Patients managing chronic respiratory conditions increasingly opt for portable oxygen concentrators and lightweight gas cylinders due to their mobility and ease of use. This shift is fueled by a broader move toward home-based healthcare, driven by cost-efficiency and convenience. Manufacturers are focusing on developing compact, user-friendly devices with enhanced battery life and improved safety features to cater to this rising demand, contributing to the market’s steady expansion.

Integration of Smart Technologies

The adoption of smart technologies is transforming the medical gas and equipment landscape. Advanced gas monitoring systems equipped with sensors and IoT capabilities allow for real-time tracking of gas levels, pressure, and purity. These systems enhance operational efficiency by reducing manual interventions and ensuring continuous compliance with safety standards. Hospitals and healthcare providers increasingly invest in automated gas management solutions to improve accuracy and patient safety. This trend aligns with the broader digital transformation in healthcare, emphasizing connectivity and data-driven decision-making.

Market Challenges Analysis

Stringent Regulatory Compliance and High Costs

One of the major challenges in the Canada medical gas and equipment market is the complexity and cost associated with regulatory compliance. Government bodies, such as Health Canada and the Canadian Standards Association (CSA), enforce strict regulations on the quality, safety, and handling of medical gases and equipment. For instance, Health Canada’s Good Manufacturing Practices (GMP) guidelines for medical gases require detailed documentation and regular inspections to ensure compliance. Meeting these stringent standards requires significant investment in advanced monitoring systems, specialized storage facilities, and trained personnel. Additionally, frequent updates in compliance requirements increase operational expenses for manufacturers and healthcare providers. These factors create barriers for smaller market players and may slow down the adoption of new technologies, impacting overall market growth.

Supply Chain Disruptions and Maintenance Challenges

Supply chain disruptions pose another challenge, particularly affecting the availability and timely distribution of medical gases and related equipment. Factors such as transportation delays, labor shortages, and fluctuating raw material prices can hinder the consistent supply of essential products. Furthermore, maintaining medical gas systems requires specialized expertise to ensure the accuracy and safety of gas delivery, which can be resource-intensive. Inadequate maintenance practices may lead to operational inefficiencies, equipment malfunctions, or safety hazards, increasing the risk of non-compliance and potential liability issues. These challenges highlight the need for robust supply chain management and regular maintenance protocols to ensure uninterrupted access to critical medical gases and equipment.

Market Opportunities

Increasing Demand for Advanced Respiratory Care Solutions

The growing prevalence of chronic respiratory conditions, such as Chronic Obstructive Pulmonary Disease (COPD) and sleep apnea, presents significant opportunities for the Canada medical gas and equipment market. The rising adoption of home healthcare services is driving demand for portable oxygen concentrators and advanced respiratory support devices, which offer greater convenience and cost-efficiency. Companies investing in the development of lightweight, user-friendly equipment with smart monitoring features stand to capitalize on this expanding market. Additionally, the integration of digital health technologies, enabling real-time tracking of oxygen levels and gas usage, aligns with the growing trend of connected healthcare solutions, providing a competitive advantage to innovative market players.

Expansion of Healthcare Infrastructure and Sustainable Solutions

Ongoing investments in healthcare infrastructure modernization offer substantial growth potential. The construction of new hospitals, specialized care centers, and upgraded healthcare facilities across Canada increases the demand for sophisticated medical gas systems and automated monitoring solutions. Furthermore, sustainability-focused innovations, such as energy-efficient gas equipment and eco-friendly gas cylinders, provide untapped opportunities as healthcare institutions strive to reduce their environmental impact. Companies that adopt green manufacturing practices and offer solutions aligned with regulatory sustainability initiatives can gain a strategic edge. As regulatory frameworks increasingly emphasize sustainability, market participants that prioritize eco-conscious product offerings can enhance their market position while supporting the broader industry shift toward responsible healthcare practices.

Market Segmentation Analysis:

By Medical Gases:

The Canada medical gas and equipment market is segmented by type of medical gases, including oxygen, nitrous oxide, carbon dioxide, nitrogen, and others. Among these, oxygen holds a dominant share due to its critical role in respiratory therapies, emergency care, and surgical procedures. The increasing incidence of respiratory ailments, such as COPD and sleep apnea, drives the demand for oxygen delivery systems across healthcare settings and homecare environments. Nitrous oxide, widely used as an anesthetic agent in surgical procedures and dental practices, also contributes significantly to market growth. Carbon dioxide and nitrogen find applications in minimally invasive surgeries, cryotherapy, and laboratory environments. Other specialty gases, used in specific medical processes, add further depth to this diverse segment. Growing advancements in gas delivery and monitoring systems, combined with stringent safety standards, fuel innovation and the adoption of advanced medical gas equipment across healthcare facilities.

By Application:

The market is further segmented by application into therapeutic, diagnostic, pharmaceutical manufacturing, research, and others. The therapeutic segment leads the market, driven by the rising demand for oxygen therapy and anesthesia management. Diagnostic applications, particularly in imaging technologies and blood gas analysis, contribute significantly to market demand. Pharmaceutical manufacturing and research sectors also rely on precise gas control systems to maintain product quality and conduct experimental studies. The growing adoption of therapeutic gases in chronic disease management and critical care settings reinforces the dominance of this segment. Meanwhile, advancements in diagnostic techniques and expanding research initiatives create further opportunities for specialized gas applications. As innovation continues to evolve in healthcare and pharmaceuticals, all application segments remain poised for steady growth, driven by technological advancements and evolving healthcare needs.

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:

  • Ontario
  • Quebec
  • Western Canada
  • British Columbia
  • Atlantic Canada

Regional Analysis

Ontario

Ontario holds the largest share of the Canada medical gas and equipment market, accounting for approximately 35% of the total market. The province’s advanced healthcare infrastructure, with a high concentration of hospitals, research institutions, and pharmaceutical manufacturing facilities, drives significant demand for oxygen and other medical gases. Investments in modernizing healthcare systems have accelerated the adoption of advanced gas delivery systems and monitoring equipment. Additionally, the rising prevalence of chronic respiratory diseases and a growing number of surgical procedures further boost market growth. Ontario’s strong regulatory framework, emphasizing patient safety and product quality, enhances the use of premium medical gas solutions, solidifying its market dominance.

Quebec

Quebec contributes about 25% of the market share, supported by its robust healthcare system and a growing pharmaceutical manufacturing sector. The province’s focus on expanding healthcare infrastructure and increasing accessibility has driven the demand for medical gases, particularly oxygen and nitrogen, used in therapeutic and diagnostic applications. Quebec’s prominence in biomedical research enhances the demand for specialty gases. Additionally, government initiatives promoting healthcare innovation and safety regulations strengthen the adoption of advanced gas monitoring systems, positioning Quebec as a key market player.

Western Canada

Western Canada, comprising Alberta, Saskatchewan, and Manitoba, holds an estimated 20% market share. The region’s expanding healthcare infrastructure and rising elderly population drive significant demand for oxygen therapy and other respiratory support systems. Efforts to modernize rural and remote healthcare facilities further boost the need for portable and automated gas systems. Additionally, growing investments in diagnostic services and pharmaceutical manufacturing enhance the adoption of high-quality medical gases, providing opportunities for sustained market growth across this region.

British Columbia

British Columbia represents approximately 15% of the market share, characterized by a strong focus on sustainability and technology-driven healthcare solutions. The region’s healthcare providers increasingly adopt eco-friendly gas delivery systems and smart gas monitoring technologies. British Columbia’s emphasis on personalized care and home healthcare services has led to rising demand for portable oxygen concentrators and advanced gas management equipment. Regulatory support for sustainable healthcare practices positions the province as a growing market with considerable innovation potential in medical gas solutions.

Key Player Analysis

  • Air Products and Chemicals, Inc.
  • Praxair, Inc.
  • Atlas Copco AB
  • Linde Plc
  • Matheson Tri-Gas, Inc.
  • Airgas (an Air Liquide company)
  • MATHESON
  • Ratermann Manufacturing Inc.
  • CryoVation
  • Nova Analytical Systems

Competitive Analysis

The Canada medical gas and equipment market is highly competitive, with several leading players offering a diverse range of solutions to meet growing demand. Air Products and Chemicals, Praxair, Linde Plc, Matheson Tri-Gas, Inc., Airgas (an Air Liquide company), MATHESON, Ratermann Manufacturing Inc., CryoVation, and Nova Analytical Systems are the key market players. Companies are focusing on delivering high-quality medical gases, advanced gas delivery systems, and smart monitoring solutions to cater to the increasing demand for respiratory care and anesthesia management. Key players are also expanding their product portfolios to include eco-friendly and energy-efficient solutions, aligning with growing sustainability trends in the healthcare industry. Innovation in portable oxygen concentrators, as well as the integration of digital technologies for real-time gas monitoring, are prominent competitive strategies. For example, the integration of digital technologies for real-time gas monitoring has been emphasized by companies like Air Liquide Healthcare, which offers Total Gas Management (TGM) services to ensure safety and compliance. Furthermore, companies are increasingly prioritizing regulatory compliance, ensuring that their products meet stringent safety and quality standards. The market also sees significant competition in terms of regional expansion, with players targeting healthcare infrastructure development in both urban centers and remote areas. This has resulted in an increased focus on providing specialized solutions for hospitals, clinics, and homecare settings. Partnerships and strategic alliances with healthcare providers and government entities are further enhancing the competitive dynamics in the market, driving product adoption and improving service delivery.

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 Canada medical gas and equipment market exhibits a moderate level of concentration, with several large global players dominating the industry. These companies hold a significant share of the market, leveraging their established networks, advanced technologies, and extensive product portfolios to maintain a competitive edge. However, the market also includes smaller, specialized players that cater to niche segments, such as portable oxygen concentrators or specific medical gas systems for research and diagnostics. This combination of large and small companies ensures a diverse market landscape with varied offerings tailored to different healthcare needs. The characteristics of the market are shaped by the increasing demand for high-quality medical gases like oxygen, nitrogen, and nitrous oxide, which are essential for therapeutic, diagnostic, and pharmaceutical applications. Companies are focusing on product innovation, particularly in the development of energy-efficient and environmentally friendly solutions, aligning with sustainability trends. The market is also characterized by strong regulatory oversight, with stringent standards set by authorities such as Health Canada. Additionally, technological advancements in gas monitoring systems, automation, and portable equipment are shaping market trends, with a growing emphasis on safety, reliability, and ease of use. The competitive environment encourages continuous improvements in product quality and service delivery, driving overall market growth.

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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

  1. The Canada medical gas and equipment market is expected to experience steady growth driven by the increasing prevalence of chronic respiratory diseases.
  2. Technological advancements in gas monitoring systems and smart healthcare solutions will shape the future of the market.
  3. The demand for portable oxygen concentrators and home healthcare solutions is anticipated to rise as more patients opt for at-home treatments.
  4. Increasing healthcare infrastructure investments, particularly in rural and remote areas, will drive demand for medical gases and equipment.
  5. Regulatory frameworks will continue to evolve, pushing companies to focus on sustainability and energy-efficient products.
  6. The pharmaceutical manufacturing sector will increasingly rely on specialized gases, boosting demand in this application segment.
  7. Market competition will intensify as new players enter the market, focusing on innovative solutions and niche products.
  8. Partnerships between healthcare providers and medical gas companies will facilitate improved service delivery and product availability.
  9. Companies will focus on offering customizable medical gas solutions to cater to specific patient needs and healthcare settings.
  10. The market is expected to see increased consolidation, with larger players acquiring smaller companies to expand their product offerings and regional reach.

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. CANADA 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 U.S. 32
5.1.1. CANADA Medical Gas and Equipment Market Import Volume/Revenue, By U.S., 2018 – 2023 32
5.2. Export Analysis by U.S. 33
5.2.1. CANADA Medical Gas and Equipment Market Export Volume/Revenue, By U.S., 2018 – 2023 33
CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 34
6.1. Demand Analysis by U.S. 34
6.1.1. CANADA Medical Gas and Equipment Market Demand Volume/Revenue, By U.S., 2018 – 2023 34
6.2. Supply Analysis by U.S. 35
6.2.1. CANADA Medical Gas and Equipment Market Supply Volume/Revenue, By U.S., 2018 – 2023 35
CHAPTER NO. 7 : PRODUCTION ANALYSIS 36
7.1. Production Analysis by U.S. 36
7.1.1. CANADA Medical Gas and Equipment Market Production Volume/Revenue, By U.S., 2018 – 2023 36
CHAPTER NO. 8 : PRICE ANALYSIS 37
8.1. Price Analysis by Medical Gases 37
8.1.1. CANADA Medical Gas and Equipment Market Price, By Medical Gases, 2018 – 2023 37
8.1.2. CANADA 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. CANADA Medical Gas and Equipment Market: Company Market Share, by Volume, 2023 41
11.2.2. CANADA Medical Gas and Equipment Market: Company Market Share, by Revenue, 2023 42
11.2.3. CANADA Medical Gas and Equipment Market: Top 6 Company Market Share, by Revenue, 2023 42
11.2.4. CANADA Medical Gas and Equipment Market: Top 3 Company Market Share, by Revenue, 2023 43
11.3. CANADA Medical Gas and Equipment Market Company Volume Market Share, 2023 44
11.4. CANADA 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
CANADA 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 – CANADA ANALYSIS 86
17.1. Medical Gases 86
17.1.1. CANADA Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 86
17.2. CANADA Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 86
17.3. Application 87
17.3.1. CANADA Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 87
17.3.2. CANADA Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 87
17.4. End-user 88
17.4.1. CANADA Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 88
17.4.2. CANADA Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 88
17.5. Medical Gas Equipment 89
17.5.1. CANADA Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 89
17.5.2. CANADA Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2024 – 2032 (USD Million) 89
CHAPTER NO. 18 : COMPANY PROFILES 90
18.1. Air Products and Chemicals, Inc. 90
18.1.1. Company Overview 90
18.1.2. Product Portfolio 90
18.1.3. Swot Analysis 90
18.1.4. Business Strategy 91
18.1.5. Financial Overview 91
18.2. Praxair, Inc. 92
18.3. Atlas Copco AB 92
18.4. Linde Plc 92
18.5. Matheson Tri-Gas, Inc. 92
18.6. Airgas (an Air Liquide company) 92
18.7. MATHESON 92
18.8. Ratermann Manufacturing Inc. 92
18.9. CryoVation 92
18.10. Nova Analytical Systems 92

List of Figures
FIG NO. 1. CANADA Medical Gas and Equipment Market Revenue, 2018 – 2032 (USD Million) 23
FIG NO. 2. Porter’s Five Forces Analysis for CANADA Medical Gas and Equipment Market 30
FIG NO. 3. CANADA Medical Gas and Equipment Market Import Volume/Revenue, By U.S., 2018 – 2023 32
FIG NO. 4. CANADA Medical Gas and Equipment Market Export Volume/Revenue, By U.S., 2018 – 2023 33
FIG NO. 5. CANADA Medical Gas and Equipment Market Demand Volume/Revenue, By U.S., 2018 – 2023 34
FIG NO. 6. CANADA Medical Gas and Equipment Market Supply Volume/Revenue, By U.S., 2018 – 2023 35
FIG NO. 7. CANADA Medical Gas and Equipment Market Production Volume/Revenue, By U.S., 2018 – 2023 36
FIG NO. 8. CANADA 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 CANADA 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. CANADA Medical Gas and Equipment Market for Oxygen, Revenue (USD Million) 2018 – 2032 54
FIG NO. 24. CANADA Medical Gas and Equipment Market for Nitrous Oxide, Revenue (USD Million) 2018 – 2032 55
FIG NO. 25. CANADA Medical Gas and Equipment Market for Carbon Dioxide, Revenue (USD Million) 2018 – 2032 56
FIG NO. 26. CANADA Medical Gas and Equipment Market for Nitrogen, Revenue (USD Million) 2018 – 2032 57
FIG NO. 27. CANADA 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. CANADA Medical Gas and Equipment Market for Therapeutic, Revenue (USD Million) 2018 – 2032 63
FIG NO. 33. CANADA Medical Gas and Equipment Market for Diagnostic, Revenue (USD Million) 2018 – 2032 64
FIG NO. 34. CANADA Medical Gas and Equipment Market for Pharmaceutical Manufacturing, Revenue (USD Million) 2018 – 2032 65
FIG NO. 35. CANADA Medical Gas and Equipment Market for Research, Revenue (USD Million) 2018 – 2032 66
FIG NO. 36. CANADA 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. CANADA Medical Gas and Equipment Market for Hospitals, Revenue (USD Million) 2018 – 2032 72
FIG NO. 42. CANADA Medical Gas and Equipment Market for Ambulatory Surgical Centers, Revenue (USD Million) 2018 – 2032 73
FIG NO. 43. CANADA Medical Gas and Equipment Market for Home Healthcare, Revenue (USD Million) 2018 – 2032 74
FIG NO. 44. CANADA Medical Gas and Equipment Market for Clinics, Revenue (USD Million) 2018 – 2032 75
FIG NO. 45. CANADA 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. CANADA Medical Gas and Equipment Market for Cylinders, Revenue (USD Million) 2018 – 2032 81
FIG NO. 51. CANADA Medical Gas and Equipment Market for Flowmeters, Revenue (USD Million) 2018 – 2032 82
FIG NO. 52. CANADA Medical Gas and Equipment Market for Regulators, Revenue (USD Million) 2018 – 2032 83
FIG NO. 53. CANADA Medical Gas and Equipment Market for Vacuum Systems, Revenue (USD Million) 2018 – 2032 84
FIG NO. 54. CANADA Medical Gas and Equipment Market for Others, Revenue (USD Million) 2018 – 2032 85

List of Tables
TABLE NO. 1. : CANADA 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. : CANADA Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 37
TABLE NO. 5. : Key Raw Materials & Suppliers 38
TABLE NO. 6. : CANADA Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 86
TABLE NO. 7. : CANADA Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 86
TABLE NO. 8. : CANADA Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 87
TABLE NO. 9. : CANADA Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 87
TABLE NO. 10. : CANADA Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 88
TABLE NO. 11. : CANADA Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 88
TABLE NO. 12. : CANADA Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 89
TABLE NO. 13. : CANADA 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 Canada Medical Gas and Equipment Market?

The Canada medical gas and equipment market was valued at USD 116 million in 2023 and is projected to reach USD 199.30 million by 2032, expanding at a compound annual growth rate (CAGR) of 7.0% during the forecast period.

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

The growth of the market is driven by the rising prevalence of chronic respiratory diseases, increasing adoption of home healthcare solutions, and advancements in gas delivery systems. Additionally, stringent regulations emphasizing patient safety, coupled with investments in healthcare infrastructure and sustainable practices, are contributing to market expansion.

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

The market is segmented by medical gases (oxygen, nitrous oxide, carbon dioxide, nitrogen, and others), application (therapeutic, diagnostic, pharmaceutical manufacturing, research, and others), end-user (hospitals, ambulatory surgical centers, home healthcare, clinics, and others), and medical gas equipment (cylinders, flowmeters, regulators, vacuum systems, and others). Geographically, it includes Ontario, Quebec, Western Canada, British Columbia, and Atlantic Canada.

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

The market faces challenges such as stringent regulatory compliance requirements, high costs associated with meeting safety standards, and supply chain disruptions. Additionally, the need for regular maintenance of medical gas systems and the complexity of handling advanced equipment pose challenges for healthcare providers.

Who are the major players in the Canada Medical Gas and Equipment Market?

Key players include Air Products and Chemicals, Praxair, Linde Plc, Matheson Tri-Gas, Inc., Airgas (an Air Liquide company), MATHESON, Ratermann Manufacturing Inc., CryoVation, and Nova Analytical Systems. These companies focus on innovation, sustainability, and regulatory compliance to meet the evolving needs of the healthcare sector.

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