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India Medical Gas Equipment Market

India Medical Gas Equipment Market By Product (Vacuum Systems/Pumps, Manifolds, Alarm Systems, Flowmeters, Medical Air Compressors, Cylinders and Accessories, Hose Assemblies and Valves (including zone valve boxes), Outlets, Regulators, Masks); By End-Use (Hospitals, Ambulatory Surgical Centers, Home Healthcare, Pharmaceutical and Biotechnology Companies, Diagnostic and Research Laboratories, Academic and Research Institutions) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
India Medical Gas Equipment Market Size 2024	USD 3,611.66 million
India Medical Gas Equipment Market, CAGR	7.49%
India Medical Gas Equipment Market Size 2032	USD 6,436.53 million

Market Overview

India Medical Gas Equipment market size was valued at USD 3,611.66 million in 2024 and is anticipated to reach USD 6,436.53 million by 2032, at a CAGR of 7.49% during the forecast period (2024-2032).

The India medical gas equipment market is driven by the expanding healthcare infrastructure, increasing prevalence of chronic respiratory disorders, and rising demand for critical care services. Government initiatives to enhance public health facilities and investments in hospital development are further propelling market growth. The growing adoption of home healthcare services, particularly for elderly and post-operative patients, is also boosting the demand for compact and portable medical gas equipment. Technological advancements such as automated gas delivery systems and integrated alarm systems are streamlining hospital operations and enhancing patient safety. In addition, the COVID-19 pandemic has accelerated the need for reliable oxygen supply systems, leading to increased procurement of oxygen concentrators and bulk oxygen storage units. These trends indicate a shift toward more efficient and digitally integrated gas delivery solutions, ensuring consistent growth of the medical gas equipment market in India throughout the forecast period.

The geographical landscape of the India medical gas equipment market is shaped by varying levels of healthcare infrastructure development across regions. Northern and Western India lead in terms of demand due to the concentration of advanced hospitals, medical research centers, and pharmaceutical hubs. Southern India follows closely with well-established healthcare systems and growing adoption of homecare services, while Eastern India is gradually progressing with increased government focus on public health. Key players operating in the market include Piramal Critical Care, Gas India Limited, Bharat Medical Gas Limited (BMG), Narayana Medical Gas, and Medisys India Pvt. Ltd. These companies are actively engaged in expanding their product offerings, enhancing distribution networks, and introducing technologically advanced systems to cater to evolving needs. Strategic partnerships, product innovation, and localized manufacturing remain central to their growth strategies, as they aim to meet the rising demand for safe, efficient, and cost-effective medical gas solutions across diverse healthcare settings in India.

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Market Insights

The India medical gas equipment market was valued at USD 3,611.66 million in 2024 and is expected to reach USD 6,436.53 million by 2032, growing at a CAGR of 7.49% during the forecast period.
Growing demand for critical care infrastructure and emergency preparedness is driving the adoption of medical gas systems across hospitals and clinics.
Technological advancements such as digital monitoring, portable gas delivery devices, and smart alarm systems are transforming the market landscape.
The competitive landscape includes key players like Piramal Critical Care, Gas India Limited, and Bharat Medical Gas Limited, who focus on innovation and regional expansion.
High installation and maintenance costs of centralized gas pipeline systems act as a significant restraint, particularly in rural healthcare settings.
Northern and Western regions dominate the market due to the presence of advanced hospitals and robust healthcare infrastructure.
Government initiatives to strengthen rural healthcare are boosting future demand in underpenetrated regions like Eastern India.

Report scope

This report segments the India Medical Gas Equipment Market as follows:

Market Drivers

Expansion of Healthcare Infrastructure

India’s rapidly expanding healthcare infrastructure plays a critical role in driving the demand for medical gas equipment across the country. For instance, the Ayushman Bharat initiative has significantly increased the number of hospitals and primary health centers, as highlighted by the Ministry of Health and Family Welfare. Additionally, the Pradhan Mantri Jan Arogya Yojana (PM-JAY) has emphasized the need for advanced medical equipment, including gas delivery systems, to support surgeries and emergency treatments in newly established healthcare facilities. This infrastructural growth demands a higher volume of essential medical equipment, including gas delivery systems, oxygen concentrators, vacuum systems, and related accessories. Additionally, the private sector is making significant investments in super-specialty hospitals and corporate healthcare chains, which require advanced and compliant gas supply systems to support surgeries, intensive care, and emergency treatments. These developments create a robust and sustained demand for reliable medical gas infrastructure to meet both current and future healthcare needs.

Rising Incidence of Respiratory and Chronic Diseases

The increasing burden of chronic diseases, particularly respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, and pulmonary fibrosis, is significantly influencing the growth of the medical gas equipment market in India. With a rise in air pollution, tobacco use, and lifestyle-related ailments, the demand for oxygen therapy and respiratory support has grown notably in recent years. Hospitals and home care settings are witnessing heightened usage of oxygen cylinders, concentrators, and related gas delivery systems to cater to patients requiring long-term respiratory assistance. Furthermore, the post-COVID-19 scenario has elevated public and institutional awareness regarding the critical role of medical gases in managing respiratory complications, leading to proactive investments in oxygen infrastructure and emergency preparedness.

Government Policies and Regulatory Support

Supportive government policies and favorable regulatory frameworks are further propelling the market growth for medical gas equipment in India. For instance, the Production Linked Incentive (PLI) scheme for medical devices has been highlighted by the Ministry of Commerce and Industry as a driver for domestic production capabilities. The Indian Pharmacopoeia and Bureau of Indian Standards (BIS) have also strengthened quality control measures for medical gases, ensuring safer and more standardized equipment usage across healthcare institutions. Moreover, financial support through public-private partnerships and subsidies for oxygen generation plants in rural and semi-urban areas has accelerated the deployment of medical gas infrastructure beyond metropolitan cities. These strategic efforts foster market expansion and enhance access to life-saving equipment nationwide.

Technological Advancements and Increasing Adoption of Home Healthcare

Advancements in technology and the growing preference for home-based healthcare solutions are significantly impacting the demand for modern medical gas equipment. Innovations such as portable oxygen concentrators, digital flowmeters, and automated gas alarm systems offer convenience, reliability, and safety, making them increasingly popular in both clinical and non-clinical settings. As more patients opt for at-home treatment for chronic conditions, the need for compact and user-friendly gas delivery systems continues to rise. Moreover, smart integration of gas monitoring systems with hospital information systems (HIS) is helping healthcare providers enhance operational efficiency and patient care outcomes. These technological upgrades, combined with the rising geriatric population and evolving healthcare delivery models, position the medical gas equipment market in India for sustained growth over the coming years.

Market Trends

Surge in Demand for Oxygen Supply Infrastructure

One of the most notable trends shaping the India medical gas equipment market is the surge in demand for oxygen supply systems, particularly since the COVID-19 pandemic. For instance, the Ministry of Health and Family Welfare has emphasized the importance of installing on-site oxygen generation plants and centralized pipeline systems to address gaps in oxygen availability during health emergencies. The healthcare crisis exposed significant gaps in oxygen availability, prompting hospitals and government bodies to enhance oxygen infrastructure. Public and private hospitals alike are investing in upgrading their existing gas systems to ensure emergency preparedness. This trend is expected to continue as healthcare providers aim to build resilience against future health emergencies, thereby ensuring uninterrupted oxygen supply to intensive care units and high-dependency wards.

Rising Adoption of Portable and Home-Based Equipment

With the rising preference for home healthcare services, there is a growing demand for portable medical gas equipment in India. Devices such as oxygen concentrators, compact gas cylinders, and lightweight regulators are gaining popularity among patients with chronic respiratory disorders, post-surgical conditions, and geriatric populations. This shift is supported by technological innovations that have made such equipment more user-friendly, energy-efficient, and reliable for at-home usage. Moreover, medical gas suppliers are expanding their direct-to-home delivery services to cater to the increasing number of patients preferring treatment in the comfort of their homes. This trend reflects a broader transformation in healthcare delivery, emphasizing convenience, personalized care, and cost efficiency.

Integration of Digital Monitoring and Automation Technologies

The integration of digital technologies into medical gas systems is transforming operational efficiencies in hospitals and healthcare facilities. For instance, the Ministry of Electronics and Information Technology has promoted the adoption of advanced alarm systems and remote pressure monitoring tools to enhance safety and compliance in healthcare operations. Advanced alarm systems, remote pressure monitoring, and automated flow control valves are increasingly being embedded into medical gas pipelines and delivery units. These smart systems enhance safety by providing real-time alerts on pressure drops or gas leaks, enabling prompt corrective actions. Additionally, integration with hospital information systems (HIS) and building management systems (BMS) supports centralized monitoring and improves compliance with safety standards. The trend toward automation and digitalization is expected to gain momentum as healthcare facilities prioritize precision, safety, and regulatory compliance in their operations.

Focus on Localization and Self-Reliance in Manufacturing

India is witnessing a growing emphasis on domestic manufacturing of medical gas equipment in line with the government’s “Make in India” and “Atmanirbhar Bharat” initiatives. Manufacturers are increasingly investing in local production facilities to reduce dependency on imports and strengthen supply chain resilience. This shift is not only lowering costs but also accelerating the availability of critical components such as flowmeters, regulators, manifolds, and valves. Furthermore, local manufacturers are collaborating with healthcare providers to develop customized, cost-effective solutions tailored to Indian conditions. This trend toward self-reliance is expected to play a vital role in driving sustainable growth and ensuring accessibility across urban and rural healthcare settings.

Market Challenges Analysis

Infrastructural and Operational Limitations in Tier 2 and Tier 3 Cities

Despite significant growth in urban healthcare facilities, infrastructural limitations in Tier 2 and Tier 3 cities remain a critical challenge for the India medical gas equipment market. Many small hospitals and primary healthcare centers in semi-urban and rural areas lack the necessary infrastructure to support centralized medical gas pipeline systems. Inadequate power supply, lack of skilled technicians, and outdated medical equipment often hinder the adoption of advanced gas delivery solutions in these regions. Additionally, inconsistent maintenance practices and limited awareness of safety protocols lead to operational inefficiencies and increased risk of system failures. This infrastructure gap restricts the market’s expansion beyond major metropolitan areas and hampers efforts to provide uniform access to high-quality patient care across the country.

High Initial Investment and Regulatory Compliance Burden

Another significant barrier to market growth is the high capital investment required for the installation and maintenance of medical gas equipment. For instance, the Bureau of Indian Standards (BIS) has mandated stringent safety norms and quality standards for medical gas systems, which increase compliance costs for smaller healthcare providers. Setting up centralized gas supply systems, including storage tanks, pipeline networks, and alarm systems, involves substantial upfront costs, which many smaller hospitals and clinics may find prohibitive. Moreover, navigating the complex regulatory landscape adds to the financial and administrative burden. Medical gas equipment must comply with stringent standards set by bodies such as the Bureau of Indian Standards (BIS) and adhere to safety norms mandated by the Indian Pharmacopoeia. Frequent inspections, documentation requirements, and compliance audits often delay procurement and implementation processes. These challenges can discourage smaller healthcare providers from investing in modern gas infrastructure, thereby limiting overall market penetration and growth potential.

Market Opportunities

The India medical gas equipment market presents significant growth opportunities driven by increasing healthcare investments and the rising focus on emergency preparedness. With the government’s continuous efforts to upgrade public health infrastructure and expand access to quality care, demand for reliable and efficient medical gas systems is set to grow steadily. The establishment of new hospitals, expansion of intensive care units, and installation of oxygen generation plants in rural and semi-urban areas are opening avenues for market players to offer tailored solutions. In addition, the growing emphasis on creating oxygen buffers and medical gas reserves in response to past healthcare crises is prompting both public and private healthcare facilities to modernize their existing systems. This trend offers manufacturers the chance to supply high-performance, scalable equipment that ensures consistent gas delivery, improved patient safety, and operational efficiency.

Furthermore, the increasing adoption of home healthcare services and technological innovations in gas delivery systems offer a promising landscape for product diversification. Portable oxygen concentrators, compact gas cylinders, and smart monitoring devices are gaining traction among patients with chronic respiratory illnesses and elderly individuals opting for at-home care. This shift towards decentralized healthcare delivery creates an opportunity for companies to design user-friendly, cost-effective, and portable solutions that cater to individual needs. Additionally, the government’s support for indigenous manufacturing through initiatives like “Make in India” and favorable import-substitution policies are encouraging local production and innovation. Collaborations between domestic manufacturers and healthcare providers can result in the development of customized, affordable technologies suited to Indian conditions. These factors collectively indicate that the India medical gas equipment market holds strong potential for expansion, particularly through innovation, localization, and increased accessibility across diverse healthcare settings.

Market Segmentation Analysis:

By Product:

The India medical gas equipment market comprises a diverse range of products designed to support critical healthcare operations. Among them, vacuum systems/pumps and medical air compressors hold a significant market share due to their extensive use in operating rooms and intensive care units. Manifolds, alarm systems, and hose assemblies and valves (including zone valve boxes) are essential for centralized gas pipeline systems and ensure uninterrupted supply and safety monitoring across multiple delivery points. Flowmeters, outlets, and regulators are gaining traction due to their increasing use in personalized gas delivery applications and enhanced precision features. Additionally, cylinders and accessories remain widely used in both emergency and mobile care settings, while masks continue to witness strong demand, especially in home healthcare and respiratory therapy. The growing emphasis on modular, digital, and portable gas systems is encouraging manufacturers to innovate across product lines, with hospitals and home care providers seeking efficient, scalable solutions to meet rising patient care requirements.

By End-Use:
Hospitals represent the largest end-use segment in the India medical gas equipment market, driven by continuous infrastructure development and the growing need for advanced critical care facilities. The demand for integrated medical gas systems is especially high in emergency wards, ICUs, and surgical suites. Ambulatory surgical centers are emerging as a fast-growing segment owing to the increasing number of outpatient procedures and the need for compact, reliable gas delivery systems. The home healthcare segment is also expanding rapidly, supported by the rise in chronic respiratory diseases and patient preference for at-home treatments. Pharmaceutical and biotechnology companies utilize medical gas equipment for various applications including product development, sterilization, and testing. Similarly, diagnostic and research laboratories require precision gas systems for controlled environments, while academic and research institutions are investing in gas-based experimental setups for training and innovation. This diverse end-user base offers strong growth potential for manufacturers catering to both clinical and research-oriented demand across the healthcare ecosystem.

Segments:

Based on Product:

Vacuum Systems/Pumps
Manifolds
Alarm Systems
Flowmeters
Medical Air Compressors
Cylinders and Accessories
Hose Assemblies and Valves (including zone valve boxes)
Outlets
Regulators
Masks

Based on End-Use:

Hospitals
Ambulatory Surgical Centers
Home Healthcare
Pharmaceutical and Biotechnology Companies
Diagnostic and Research Laboratories
Academic and Research Institutions

Based on the Geography:

Northern
Western
Southern
Eastern

Regional Analysis

Northern Region

The Northern region holds the largest share of the India medical gas equipment market, accounting for approximately 34% of the total revenue in 2024. This dominance is primarily due to the presence of several prominent government and private healthcare institutions in states such as Delhi, Uttar Pradesh, Punjab, and Haryana. The region has seen significant investment in hospital infrastructure, particularly in the wake of the COVID-19 pandemic, which spurred the rapid installation of oxygen generation plants and centralized gas pipeline systems. Moreover, large urban populations, higher patient inflow, and favorable government initiatives for public health improvement have further driven demand for advanced medical gas systems. The ongoing expansion of multi-specialty hospitals and tertiary care centers across the region continues to fuel adoption of vacuum systems, regulators, and alarm systems. In addition, manufacturers and distributors often establish their operational bases in the North due to its strong logistics network and proximity to administrative hubs, making it a key contributor to market growth.

Western Region

The Western region contributes around 28% to the overall India medical gas equipment market, driven by the healthcare infrastructure development in Maharashtra, Gujarat, and Rajasthan. Cities like Mumbai, Pune, and Ahmedabad are recognized for their advanced healthcare facilities and have become major demand centers for medical gas systems, including flowmeters, manifolds, and medical air compressors. The presence of leading pharmaceutical and biotechnology companies in this region also supports market expansion, as these industries rely on gas equipment for cleanroom environments, sterilization, and R&D applications. Additionally, Western India is witnessing an increase in private healthcare investments and medical tourism, further stimulating the need for high-performance, safety-compliant gas equipment. The rising awareness of emergency preparedness and emphasis on quality care have prompted healthcare providers to modernize their systems, creating long-term opportunities for manufacturers and suppliers targeting this region.

Southern Region

The Southern region holds an estimated 22% share of the India medical gas equipment market, supported by strong healthcare infrastructure in states such as Tamil Nadu, Karnataka, Telangana, and Kerala. Chennai, Bengaluru, and Hyderabad serve as regional healthcare hubs and have seen robust adoption of centralized gas pipeline systems, vacuum pumps, and cylinders due to their expansive hospital networks and growing patient base. This region also benefits from active public-private partnerships and government initiatives aimed at expanding access to quality healthcare in semi-urban and rural areas. Moreover, the rising popularity of home healthcare and the increasing burden of chronic respiratory diseases have contributed to a surge in demand for portable gas systems and oxygen concentrators. The South’s reputation for medical education and clinical research further boosts equipment usage in academic and research institutions, making it a steadily growing market segment.

Eastern Region

The Eastern region accounts for approximately 16% of the India medical gas equipment market, reflecting relatively lower penetration compared to other regions. However, the market is witnessing gradual growth, particularly in states like West Bengal, Odisha, and Assam, due to rising investments in public health infrastructure. Initiatives to upgrade district hospitals and build new medical colleges have started to increase demand for basic gas delivery systems, cylinders, and valves. While Tier 2 and Tier 3 cities in the East face infrastructure and resource constraints, government programs such as Ayushman Bharat and National Health Mission are creating opportunities for future expansion. Additionally, as awareness around patient safety and emergency care increases, hospitals and clinics in this region are expected to adopt more advanced equipment, albeit at a slower pace. The Eastern region, though currently underpenetrated, holds long-term potential, especially with enhanced focus on healthcare accessibility and rural outreach.

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Key Player Analysis

Piramal Critical Care
Gas India Limited
Bharat Medical Gas Limited (BMG)
Narayana Medical Gas
Medisys India Pvt. Ltd.

Competitive Analysis

The competitive landscape of the India medical gas equipment market is moderately fragmented, with several domestic and regional players striving to enhance their market presence through product innovation, strategic partnerships, and distribution expansion. Leading companies such as Piramal Critical Care, Gas India Limited, Bharat Medical Gas Limited (BMG), Narayana Medical Gas, and Medisys India Pvt. Ltd. are at the forefront of catering to the evolving needs of healthcare facilities across the country. These companies focus on offering a comprehensive range of equipment including vacuum systems, manifolds, flowmeters, and regulators to support various clinical applications. Key players are investing in advanced technologies to deliver efficient, user-friendly, and safety-compliant medical gas systems. In addition, many are adopting region-specific pricing strategies and enhancing after-sales services to strengthen customer trust and brand loyalty. With increasing government support for healthcare infrastructure and rising demand for oxygen supply systems post-pandemic, these companies are poised to benefit from long-term growth opportunities.

Recent Developments

In January 2025, Piramal Pharma Limited converted its coal-fired steam boiler at its Digwal facility to operate on biomass briquettes. This move is expected to eliminate approximately 24,000 tonnes of CO2 equivalent emissions annually, aligning with the company’s goal to reduce greenhouse gas emissions by 42% by 2030.
In May 2024, Kotak Alt invested ₹400 crore in Biorad Medisys (a related entity), which will be utilized to set up a new manufacturing plant, repay existing debt, and fund increasing working capital requirements. This investment aligns with India’s “Make in India” campaign to boost domestic manufacturing of medical devices.
In June 2024, Messer Group GmbH (Germany) acquired the Federal Helium System, including the Federal Helium Reserve, Cliffside Field, its gathering and well system, and other operational assets. Through the acquisition, both organizations will ensure a smooth operation of the Helium System and continue to serve the many industries, such as medicine and aerospace, that rely on this vital resource.
In June 2023, Nippon Gases (Japan) acquired most of the share of the Spanish medical equipment manufacturer Noxtec Development SL. This will enable the two companies to work together on technological improvements in medical equipment used for nitrous oxide treatment.

Market Concentration & Characteristics

The India medical gas equipment market exhibits a moderate level of market concentration, characterized by the presence of both well-established players and a number of regional and niche manufacturers. While a few key companies dominate major urban markets with comprehensive product portfolios and nationwide distribution networks, smaller players primarily serve local demand with customized solutions. The market is defined by strong demand from hospitals, surgical centers, and home healthcare providers, driven by the growing focus on patient safety, infection control, and emergency preparedness. Product standardization, regulatory compliance, and technological advancement are critical characteristics influencing purchasing decisions. Additionally, the market is witnessing a shift toward integrated and modular systems, reflecting the healthcare sector’s need for scalable and efficient infrastructure. Competitive differentiation is increasingly based on service quality, innovation, and long-term maintenance support. As healthcare delivery continues to evolve, the market is expected to move toward consolidation, improved operational efficiency, and higher product specialization.

Report Coverage

The research report offers an in-depth analysis based on Product, End-Use 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 market is projected to grow steadily, driven by increasing demand for advanced healthcare infrastructure and services.
Rising prevalence of chronic respiratory diseases such as asthma and COPD is expected to boost the need for reliable medical gas delivery systems.
Expansion of home healthcare services will likely increase demand for portable and user-friendly gas equipment.
Government initiatives aimed at strengthening healthcare infrastructure, especially in rural areas, are anticipated to create new market opportunities.
Technological advancements, including digital monitoring and automated alarm systems, are expected to enhance equipment efficiency and safety.
The market may face challenges due to high installation and maintenance costs, particularly affecting small and rural healthcare facilities.
Northern and Western regions are expected to continue leading in demand due to established healthcare facilities and infrastructure.
Emerging players are likely to focus on cost-effective solutions to cater to underserved markets and increase competitiveness.
Increased awareness and preparedness for medical emergencies are anticipated to drive investments in reliable gas supply systems.
Overall, the market is poised for growth, supported by a combination of healthcare needs, technological innovation, and policy support.

CHAPTER NO. 1 : INTRODUCTION 17

1.1.1. Report Description 17

Purpose of the Report 17

USP & Key Offerings 17

1.1.2. Key Benefits for Stakeholders 17

1.1.3. Target Audience 18

1.1.4. Report Scope 18

CHAPTER NO. 2 : EXECUTIVE SUMMARY 19

2.1. Medical Gas Equipment Market Snapshot 19

2.1.1. India Medical Gas Equipment Market, 2018 – 2032 (USD Million) 20

CHAPTER NO. 3 : MEDICAL GAS EQUIPMENT MARKET – INDUSTRY ANALYSIS 21

3.1. Introduction 21

3.2. Market Drivers 22

3.2.1. Rising Prevalence of Respiratory Diseases 22

3.2.2. Increase in Surgeries and Medical Procedures 23

3.3. Market Restraints 24

3.3.1. High Costs of Medical Gas Equipment 24

3.4. Market Opportunities 25

3.4.1. Market Opportunity Analysis 25

3.5. Porter’s Five Forces Analysis 26

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 27

4.1. Company Market Share Analysis – 2023 27

4.1.1. India Medical Gas Equipment Market: Company Market Share, by Volume, 2023 27

4.1.2. India Medical Gas Equipment Market: Company Market Share, by Revenue, 2023 28

4.1.3. India Medical Gas Equipment Market: Top 6 Company Market Share, by Revenue, 2023 28

4.1.4. India Medical Gas Equipment Market: Top 3 Company Market Share, by Revenue, 2023 29

4.2. India Medical Gas Equipment Market Company Volume Market Share, 2023 30

4.3. India Medical Gas Equipment Market Company Revenue Market Share, 2023 31

4.4. Company Assessment Metrics, 2023 31

4.4.1. Stars 32

4.4.2. Emerging Leaders 32

4.4.3. Pervasive Players 32

4.4.4. Participants 32

4.5. Start-ups /SMEs Assessment Metrics, 2023 32

4.5.1. Progressive Companies 32

4.5.2. Responsive Companies 32

4.5.3. Dynamic Companies 32

4.5.4. Starting Blocks 32

4.6. Strategic Developments 33

4.6.1. Acquisitions & Mergers 33

New Product Launch 33

India Expansion 33

4.7. Key Players Product Matrix 34

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 35

5.1. PESTEL 35

5.1.1. Political Factors 35

5.1.2. Economic Factors 35

5.1.3. Social Factors 35

5.1.4. Technological Factors 35

5.1.5. Environmental Factors 35

5.1.6. Legal Factors 35

5.2. Adjacent Market Analysis 35

CHAPTER NO. 6 : MEDICAL GAS EQUIPMENT MARKET – BY PRODUCT SEGMENT ANALYSIS 36

6.1. Medical Gas Equipment Market Overview, by Product Segment 36

6.1.1. Medical Gas Equipment Market Revenue Share, By Product, 2023 & 2032 37

6.1.2. Medical Gas Equipment Market Attractiveness Analysis, By Product 38

6.1.3. Incremental Revenue Growth Opportunity, by Product, 2024 – 2032 38

6.1.4. Medical Gas Equipment Market Revenue, By Product, 2018, 2023, 2027 & 2032 39

6.2. Vacuum Systems/Pumps 40

6.3. Manifolds 41

6.4. Alarm Systems 42

6.5. Flowmeters 43

6.6. Medical Air Compressors 44

6.7. Cylinders and Accessories 45

6.8. Hose Assemblies and Valves (including zone valve boxes) 46

6.9. Outlets 47

6.10. Regulators 47

6.11. Masks 48

CHAPTER NO. 7 : MEDICAL GAS EQUIPMENT MARKET – BY END-USE SEGMENT ANALYSIS 50

7.1. Medical Gas Equipment Market Overview, by End-use Segment 50

7.1.1. Medical Gas Equipment Market Revenue Share, By End-use, 2023 & 2032 51

7.1.2. Medical Gas Equipment Market Attractiveness Analysis, By End-use 52

7.1.3. Incremental Revenue Growth Opportunity, by End-use, 2024 – 2032 52

7.1.4. Medical Gas Equipment Market Revenue, By End-use, 2018, 2023, 2027 & 2032 53

7.2. Hospitals 54

7.3. Ambulatory Surgical Centers 55

7.4. Home Healthcare 56

7.5. Pharmaceutical and Biotechnology Companies 57

7.6. Diagnostic and Research Laboratories 58

7.7. Academic and Research Institutions 59

CHAPTER NO. 8 : MEDICAL GAS EQUIPMENT MARKET – INDIA ANALYSIS 60

8.1. Product 60

8.1.1. India Medical Gas Equipment Market Revenue, By Product, 2018 – 2023 (USD Million) 60

8.1.2. India Medical Gas Equipment Market Revenue, By Product, 2024 – 2032 (USD Million) 60

8.2. End-use 61

8.2.1. India Medical Gas Equipment Market Revenue, By End-use, 2018 – 2023 (USD Million) 61

8.2.2. India Medical Gas Equipment Market Revenue, By End-use, 2024 – 2032 (USD Million) 61

CHAPTER NO. 9 : COMPANY PROFILES 62

9.1. Piramal Critical Care 62

9.1.1. Company Overview 62

9.1.2. Product Portfolio 62

9.1.3. Swot Analysis 62

9.1.4. Business Strategy 63

9.1.5. Financial Overview 63

9.2. Gas India Limited 64

9.3. Bharat Medical Gas Limited (BMG) 64

9.4. Narayana Medical Gas 64

9.5. Medisys India Pvt. Ltd. 64

9.6. Company 6 64

9.7. Company 7 64

9.8. Company 8 64

9.9. Company 9 64

9.10. Company 10 64

9.11. Company 11 64

9.12. Company 12 64

9.13. Company 13 64

9.14. Company 14 64

List of Figures

FIG NO. 1. India Medical Gas Equipment Market Revenue, 2018 – 2032 (USD Million) 20

FIG NO. 2. Porter’s Five Forces Analysis for India Medical Gas Equipment Market 26

FIG NO. 3. Company Share Analysis, 2023 27

FIG NO. 4. Company Share Analysis, 2023 28

FIG NO. 5. Company Share Analysis, 2023 28

FIG NO. 6. Company Share Analysis, 2023 29

FIG NO. 7. Medical Gas Equipment Market – Company Volume Market Share, 2023 30

FIG NO. 8. Medical Gas Equipment Market – Company Revenue Market Share, 2023 31

FIG NO. 9. Medical Gas Equipment Market Revenue Share, By Product, 2023 & 2032 37

FIG NO. 10. Market Attractiveness Analysis, By Product 38

FIG NO. 11. Incremental Revenue Growth Opportunity by Product, 2024 – 2032 38

FIG NO. 12. Medical Gas Equipment Market Revenue, By Product, 2018, 2023, 2027 & 2032 39

FIG NO. 13. India Medical Gas Equipment Market for Vacuum Systems/Pumps, Revenue (USD Million) 2018 – 2032 40

FIG NO. 14. India Medical Gas Equipment Market for Manifolds, Revenue (USD Million) 2018 – 2032 41

FIG NO. 15. India Medical Gas Equipment Market for Alarm Systems, Revenue (USD Million) 2018 – 2032 42

FIG NO. 16. India Medical Gas Equipment Market for Flowmeters, Revenue (USD Million) 2018 – 2032 43

FIG NO. 17. India Medical Gas Equipment Market for Medical Air Compressors, Revenue (USD Million) 2018 – 2032 44

FIG NO. 18. India Medical Gas Equipment Market for Cylinders and Accessories, Revenue (USD Million) 2018 – 2032 45

FIG NO. 19. India Medical Gas Equipment Market for Hose Assemblies and Valves (including zone valve boxes), Revenue (USD Million) 2018 – 2032 46

FIG NO. 20. India Medical Gas Equipment Market for Outlets, Revenue (USD Million) 2018 – 2032 47

FIG NO. 21. India Medical Gas Equipment Market for Regulators, Revenue (USD Million) 2018 – 2032 48

FIG NO. 22. India Medical Gas Equipment Market for Masks, Revenue (USD Million) 2018 – 2032 48

FIG NO. 23. Medical Gas Equipment Market Revenue Share, By End-use, 2023 & 2032 51

FIG NO. 24. Market Attractiveness Analysis, By End-use 52

FIG NO. 25. Incremental Revenue Growth Opportunity by End-use, 2024 – 2032 52

FIG NO. 26. Medical Gas Equipment Market Revenue, By End-use, 2018, 2023, 2027 & 2032 53

FIG NO. 27. India Medical Gas Equipment Market for Hospitals, Revenue (USD Million) 2018 – 2032 54

FIG NO. 28. India Medical Gas Equipment Market for Ambulatory Surgical Centers, Revenue (USD Million) 2018 – 2032 55

FIG NO. 29. India Medical Gas Equipment Market for Home Healthcare, Revenue (USD Million) 2018 – 2032 56

FIG NO. 30. India Medical Gas Equipment Market for Pharmaceutical and Biotechnology Companies, Revenue (USD Million) 2018 – 2032 57

FIG NO. 31. India Medical Gas Equipment Market for Diagnostic and Research Laboratories, Revenue (USD Million) 2018 – 2032 58

FIG NO. 32. India Medical Gas Equipment Market for Academic and Research Institutions, Revenue (USD Million) 2018 – 2032 59

List of Tables

TABLE NO. 1. : India Medical Gas Equipment Market: Snapshot 19

TABLE NO. 2. : Drivers for the Medical Gas Equipment Market: Impact Analysis 22

TABLE NO. 3. : Restraints for the Medical Gas Equipment Market: Impact Analysis 24

TABLE NO. 4. : India Medical Gas Equipment Market Revenue, By Product, 2018 – 2023 (USD Million) 60

TABLE NO. 5. : India Medical Gas Equipment Market Revenue, By Product, 2024 – 2032 (USD Million) 60

TABLE NO. 6. : India Medical Gas Equipment Market Revenue, By End-use, 2018 – 2023 (USD Million) 61

TABLE NO. 7. : India Medical Gas Equipment Market Revenue, By End-use, 2024 – 2032 (USD Million) 61

Frequently Asked Questions

What is the current size of the India Medical Gas Equipment market?

The India medical gas equipment market was valued at USD 3,611.66 million in 2024 and is projected to reach USD 6,436.53 million by 2032, growing at a CAGR of 7.49%.

What factors are driving the growth of the India Medical Gas Equipment market?

Growth is driven by healthcare infrastructure expansion, rising chronic respiratory diseases, government health initiatives, and increasing adoption of home healthcare services.

What are some challenges faced by the India Medical Gas Equipment market?

Challenges include high installation and maintenance costs, regulatory compliance burdens, and infrastructural limitations in Tier 2 and Tier 3 cities.

Who are the major players in the India Medical Gas Equipment market?

Major players include Piramal Critical Care, Gas India Limited, Bharat Medical Gas Limited, Narayana Medical Gas, and Medisys India Pvt. Ltd.

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I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

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