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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: 70269 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period  2019-2022
Base Year  2023
Forecast Period  2024-2032
Medical Gas And Equipment Market Size 2023  USD 3,360.00 Million
Medical Gas And Equipment Market, CAGR  7.49%
Medical Gas And Equipment Market Size 2032  USD 5,989.13 Million

Market Overview

The global Medical Gas And Equipment Market is projected to grow from USD 3,360.00 million in 2023 to USD 5,989.13 million by 2032, expanding at a CAGR of 7.49% during the forecast period.

The global medical gas and equipment market is driven by the rising prevalence of chronic respiratory diseases, increasing demand for advanced healthcare infrastructure, and growing surgical procedures worldwide. The expanding geriatric population, which is more susceptible to respiratory ailments and other chronic conditions, further fuels market growth. Advancements in gas delivery systems and portable medical gas equipment enhance operational efficiency, contributing to higher adoption rates across healthcare facilities. Moreover, stringent regulatory standards for medical gas purity and safety boost the need for reliable equipment. Market trends indicate a growing focus on home healthcare solutions and the integration of IoT-enabled monitoring systems, enhancing patient management and convenience. Increasing investments in healthcare infrastructure in emerging economies and a surge in medical tourism also provide lucrative growth opportunities. Continuous innovation, including environmentally sustainable medical gases, supports market expansion and aligns with global healthcare advancements.

The global medical gas and equipment market exhibits diverse growth across various regions, driven by factors such as healthcare infrastructure development, technological advancements, and increasing patient needs. Key players such as Air Products and Chemicals, Inc., Linde Plc, Air Liquide, and Messer Group GmbH lead the market, with strong regional presences and extensive product portfolios. North America and Europe are significant contributors, with advanced healthcare systems and a high demand for medical gases like oxygen, nitrous oxide, and carbon dioxide. The Asia-Pacific region is witnessing rapid growth due to expanding healthcare facilities and rising healthcare spending, while Latin America and the Middle East & Africa offer promising opportunities due to ongoing infrastructure improvements. These regions provide ample prospects for key players to innovate and cater to the growing demand for medical gas solutions, further solidifying their positions in the global market.

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Market Insights

  • The global medical gas and equipment market was valued at USD 3,360 million in 2023 and is projected to reach USD 5,989.13 million by 2032, growing at a CAGR of 7.49%.
  • Increasing demand for respiratory therapies, particularly in aging populations, is a key driver of market growth.
  • Rising healthcare investments and advanced technologies, such as portable oxygen concentrators, are propelling market expansion.
  • The trend towards home healthcare solutions is contributing to the demand for compact and efficient medical gas equipment.
  • Major players in the market include Air Products and Chemicals, Linde Plc, and Air Liquide, competing through product innovation and regional expansion.
  • Stringent regulatory standards and high operational costs are significant market restraints, limiting entry for smaller players.
  • North America and Europe dominate the market, with rapid growth also occurring in Asia-Pacific due to improving healthcare infrastructure.

Market Drivers

Increasing Prevalence of Chronic Respiratory Diseases

The rising incidence of chronic respiratory conditions, including chronic obstructive pulmonary disease (COPD), asthma, and pulmonary hypertension, significantly drives the demand for medical gases and equipment globally. For instance, according to the World Health Organization (WHO), millions of people suffer from respiratory diseases each year, necessitating oxygen therapy and other medical gas-based treatments. This growing patient base increases the consumption of oxygen, nitrous oxide, and other therapeutic gases, leading to the heightened adoption of advanced medical gas delivery systems across healthcare facilities.

Expanding Geriatric Population

The growing elderly population worldwide is a key driver in the medical gas and equipment market. Aging increases susceptibility to various health conditions, such as cardiovascular diseases and respiratory complications, which require continuous medical gas support. The United Nations estimates that the population aged 65 and older will double by 2050, fueling demand for oxygen concentrators, ventilators, and associated gas delivery systems. This demographic shift places pressure on healthcare infrastructure, accelerating investments in advanced equipment to enhance patient care.

Increasing Surgical Procedures and Healthcare Infrastructure Development

A steady rise in surgical procedures across hospitals and clinics boosts the demand for medical gases like nitrous oxide and equipment for anesthesia delivery. Additionally, growing investments in healthcare infrastructure in developing countries, coupled with initiatives to improve patient care quality, propel market growth. For instance, the increased demand for surgical procedures has led to a corresponding rise in the use of anesthetic gases and other medical gases. The expansion of hospitals, specialty clinics, and home healthcare services increases the need for reliable medical gas systems, driving manufacturers to innovate and develop more efficient solutions to meet global healthcare demands.

Rising Adoption of Home Healthcare and Technological Advancements

The shift toward home-based healthcare and portable medical equipment is a significant market driver. Patients requiring long-term oxygen therapy or respiratory support increasingly prefer compact, easy-to-use systems for home use. Concurrently, technological advancements, including IoT-enabled gas monitoring and automated gas delivery systems, enhance the safety and efficiency of medical gas usage. These innovations cater to the growing preference for personalized and convenient patient care, further supporting market expansion.

Market Trends

Growing Demand for Portable and Homecare Medical Gas Equipment

A significant trend in the global medical gas and equipment market is the rising preference for portable and homecare solutions. Patients requiring long-term respiratory support or oxygen therapy increasingly opt for lightweight and portable equipment that offers flexibility and mobility. The growing focus on home-based healthcare, driven by the desire for cost-effective and convenient treatment options, has encouraged manufacturers to develop compact oxygen concentrators, portable gas cylinders, and user-friendly gas delivery systems. For instance, the increasing rate of care-dependent elderly individuals has significantly boosted the adoption of home healthcare solutions. This trend aligns with the broader shift toward personalized healthcare and the rising demand for remote patient management solutions.

Advancements in Gas Delivery and Monitoring Technologies

Technological innovation in gas delivery systems and real-time monitoring devices is transforming the market landscape. The integration of Internet of Things (IoT) technology into medical gas equipment allows for automated monitoring of gas levels, pressure, and flow rates, enhancing operational efficiency and patient safety. Additionally, smart gas delivery systems reduce wastage and improve precision, meeting stringent regulatory standards for gas purity and quality. These advancements enhance healthcare providers’ ability to offer superior respiratory care while optimizing resource utilization in medical facilities.

Emphasis on Sustainability and Environmentally Friendly Solutions

Sustainability has become a key focus for medical gas manufacturers, driven by growing environmental concerns and regulatory pressures. Companies are investing in eco-friendly gas manufacturing processes and recyclable gas containers to minimize carbon footprints. The adoption of non-polluting anesthetic gases and low-emission systems is gaining traction, reflecting the healthcare sector’s increasing commitment to sustainability. This trend presents significant opportunities for innovation and market differentiation, especially as hospitals and clinics strive to adopt greener practices.

Expanding Healthcare Infrastructure in Emerging Economies

Rapid healthcare infrastructure development in emerging markets, particularly in Asia-Pacific and Latin America, is a notable trend driving market expansion. Increasing government investments in healthcare facilities, coupled with rising medical tourism, is boosting the demand for advanced medical gas and equipment. Hospitals and clinics in these regions are upgrading their systems to incorporate modern gas delivery technologies and comply with international safety standards. This trend underscores the market’s growth potential in developing economies as access to quality healthcare continues to improve.

Market Challenges Analysis

High Costs of Advanced Equipment and Maintenance

The high initial investment and maintenance costs associated with advanced medical gas equipment pose a significant challenge for healthcare providers, especially in cost-sensitive markets. Sophisticated gas delivery systems, automated monitoring devices, and portable oxygen concentrators often require substantial capital expenditure. Additionally, regular maintenance and calibration of these devices are critical to ensure accuracy and safety, further increasing operational expenses. For instance, a study comparing medical equipment maintenance costs in Saudi hospitals found that the annual cost of maintenance per medical equipment could be as high as $570. These cost constraints can limit the adoption of state-of-the-art solutions in developing regions where healthcare budgets are constrained, potentially slowing market penetration and adoption rates despite the growing demand for quality respiratory care and surgical support.

Stringent Regulatory Framework and Compliance Requirements

One of the significant challenges in the global medical gas and equipment market is navigating complex regulatory frameworks and stringent compliance requirements. Medical gases are classified as pharmaceutical products in many regions, requiring strict adherence to manufacturing, storage, and transportation standards to ensure safety and efficacy. Regulatory bodies, including the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), enforce rigorous guidelines that manufacturers must comply with, leading to increased operational costs and extended product approval timelines. Maintaining consistent gas purity, quality control, and documentation adds further complexity, potentially hindering the market growth for smaller players and new entrants.

Market Opportunities

Rising Demand for Home Healthcare and Portable Medical Gas Equipment

The growing shift toward home-based healthcare presents significant opportunities in the global medical gas and equipment market. An increasing number of patients with chronic respiratory conditions, such as COPD and sleep apnea, prefer homecare solutions that offer comfort, convenience, and cost-efficiency. This trend is driving the demand for portable oxygen concentrators and lightweight gas delivery systems, creating lucrative growth prospects for manufacturers focusing on compact, user-friendly designs. Additionally, advancements in technology, such as IoT-enabled gas monitoring devices, further enhance patient management in home settings, providing opportunities for innovation in personalized respiratory care solutions.

Expansion in Emerging Markets with Increasing Healthcare Investments

Rapid healthcare infrastructure development in emerging economies, particularly across Asia-Pacific, Latin America, and the Middle East, offers substantial growth potential for the medical gas and equipment market. Governments and private institutions are investing in modernizing hospitals, clinics, and surgical centers to meet rising healthcare demands and improve patient outcomes. The growing medical tourism sector in these regions also boosts the need for advanced medical gas systems. Companies can capitalize on these opportunities by offering cost-effective, reliable equipment that complies with international quality standards. Expanding distribution networks and forming strategic partnerships in these high-growth markets can further strengthen market presence and drive revenue growth.

Market Segmentation Analysis:

By Medical Gases:

The global medical gas and equipment market is segmented based on various medical gases, including oxygen, nitrous oxide, carbon dioxide, nitrogen, and others. Oxygen holds the largest share of the market, driven by its critical use in respiratory care and oxygen therapy for patients with chronic respiratory diseases, as well as in emergency situations. Nitrous oxide is widely utilized for anesthesia and pain management during surgeries and dental procedures, further boosting its demand. Carbon dioxide is essential in diagnostic imaging and minimally invasive surgeries, while nitrogen is primarily used in cryogenics and other medical applications. Other gases, such as helium and medical air, are also gaining traction in specific medical procedures. This broad range of gases offers significant growth opportunities across various healthcare settings, including hospitals, clinics, and home healthcare.

By Application:

The medical gas and equipment market is also segmented based on application, including therapeutic, diagnostic, pharmaceutical manufacturing, research, and others. Therapeutic applications dominate the market, as medical gases play a crucial role in treating respiratory disorders, anesthesia, and other critical health conditions. Diagnostic applications, such as imaging and diagnostic testing, are also significant, with gases like carbon dioxide being essential for certain imaging procedures. The pharmaceutical manufacturing segment is expanding with the rise in demand for gases used in drug production, while the research sector requires specialized gases for laboratory purposes. Other applications include veterinary care, sterilization, and environmental monitoring, which are becoming more prominent. These segments collectively contribute to the market’s growth as the healthcare industry advances and diversifies its use of medical gases.

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:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Russia
    • Belgium
    • Netherlands
    • Austria
    • Sweden
    • Poland
    • Denmark
    • Switzerland
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Thailand
    • Indonesia
    • Vietnam
    • Malaysia
    • Philippines
    • Taiwan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Peru
    • Chile
    • Colombia
    • Rest of Latin America
  • Middle East
    • UAE
    • KSA
    • Israel
    • Turkey
    • Iran
    • Rest of Middle East
  • Africa
    • Egypt
    • Nigeria
    • Algeria
    • Morocco
    • Rest of Africa

Regional Analysis

North America

North America holds a significant market share in the global medical gas and equipment market, accounting for approximately 35% of the total revenue in 2023. The United States, in particular, dominates the region due to the high demand for medical gases in hospitals, clinics, and home healthcare settings. The robust healthcare infrastructure, along with the increasing prevalence of chronic respiratory diseases and the aging population, drives the demand for medical gases such as oxygen and nitrous oxide. Furthermore, advancements in medical technology, including portable oxygen concentrators and automated gas delivery systems, are contributing to the market’s growth. The region also benefits from strict regulatory standards and a well-established healthcare system, which ensures the use of high-quality medical gases and equipment. As a result, North America is expected to maintain its leading position in the coming years.

Europe

Europe is another key region in the global medical gas and equipment market, accounting for around 30% of the market share in 2023. The region is experiencing growth due to the increasing demand for medical gases in therapeutic and diagnostic applications. Countries such as Germany, France, and the United Kingdom are major contributors to this market, driven by an expanding elderly population, rising healthcare investments, and the growing adoption of home healthcare solutions. The European market is also witnessing advancements in gas delivery systems and portable medical equipment, which cater to patients with chronic conditions who prefer receiving treatment at home. The presence of strong healthcare regulations and a focus on sustainability further enhances the growth prospects for medical gas equipment manufacturers in Europe. The market is expected to expand steadily, driven by technological innovations and an aging demographic.

Asia-Pacific

The Asia-Pacific (APAC) region holds a market share of approximately 20% in the global medical gas and equipment market as of 2023. This region is witnessing rapid growth due to improving healthcare infrastructure, especially in countries like China, India, and Japan. The rising healthcare expenditure, combined with a growing number of hospitals, clinics, and healthcare facilities, is increasing the demand for medical gases like oxygen, nitrous oxide, and carbon dioxide. Additionally, the rising prevalence of respiratory diseases and the expanding geriatric population are fueling the need for respiratory support and gas-based treatments. The APAC market is also seeing a rise in medical tourism, further driving the adoption of advanced medical gas and equipment. As healthcare systems continue to modernize in emerging economies, the APAC region is expected to experience substantial growth in the coming years.

Latin America and Middle East & Africa

The Latin America and Middle East & Africa (MEA) regions, though smaller in market share compared to North America and Europe, represent significant growth opportunities. Latin America accounts for approximately 10% of the global market share, with countries like Brazil and Mexico driving demand for medical gases, especially in hospitals and clinics. The MEA region holds a market share of about 5%, with countries such as Saudi Arabia, the UAE, and South Africa seeing increased investments in healthcare infrastructure and medical tourism. Both regions are witnessing a rising prevalence of chronic diseases, increasing demand for advanced medical technologies, and improvements in healthcare access, contributing to the growing adoption of medical gas equipment. As these regions continue to develop their healthcare systems and invest in modern technologies, the demand for medical gases and equipment is projected to grow steadily over the next decade.

Key Player Analysis

  • Air Products and Chemicals, Inc.
  • Linde Plc
  • Air Liquide
  • Messer Group GmbH
  • Praxair, Inc.
  • Taiyo Nippon Sanso Corporation
  • Atlas Copco AB
  • Matheson Tri-Gas, Inc.
  • GCE Group
  • Rotarex

Competitive Analysis

The global medical gas and equipment market is highly competitive, with key players such as Air Products and Chemicals, Inc., Linde Plc, Air Liquide, Messer Group GmbH, Praxair, Inc., Taiyo Nippon Sanso Corporation, Atlas Copco AB, Matheson Tri-Gas, Inc., GCE Group, and Rotarex dominating the market. Leading players in the market focus on broadening their product portfolios to cater to diverse medical needs, such as respiratory therapy, diagnostics, and pharmaceutical manufacturing. Companies are also emphasizing the development of advanced medical gas delivery systems, such as portable oxygen concentrators and automated gas systems, to meet the growing demand for home healthcare solutions. For instance, Air Liquide has developed the “TAEMA” range of medical gas equipment, which includes innovative solutions for oxygen therapy and anesthesia. Strategic partnerships, mergers, and acquisitions are common tactics used to enhance regional presence, particularly in emerging markets like Asia-Pacific and the Middle East. Additionally, companies are investing in research and development to improve the efficiency, safety, and affordability of their products. The focus on creating high-quality, cost-effective solutions remains a key competitive factor in the market, as healthcare providers and patients increasingly seek reliable and advanced medical gas equipment. However, the market is also subject to challenges, such as regulatory hurdles and increasing price sensitivity in certain regions. Companies must adapt to these challenges while continuing to offer innovative solutions to maintain a competitive edge. As the healthcare sector evolves, the demand for specialized medical gas products is expected to drive further competition in the market.

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 global medical gas and equipment market exhibits moderate concentration, with a few large players dominating the industry while several smaller companies contribute to niche segments. Market concentration is driven by the high capital investment required to establish production facilities, along with stringent regulatory compliance that favors established players. These companies leverage advanced technology, global distribution networks, and strategic partnerships to maintain their market share. The market characteristics are defined by a high degree of innovation, with a continuous focus on improving the efficiency and safety of medical gases and delivery systems. Key trends include the growing demand for portable and home-use equipment, driven by the rise in home healthcare services and the aging population. The market is characterized by the use of standardized products such as oxygen, nitrous oxide, and carbon dioxide for a variety of therapeutic, diagnostic, and pharmaceutical applications. The competitive landscape also highlights the importance of customer service and reliability, as medical gas equipment must meet the stringent health and safety standards in various regions. As the healthcare sector evolves and new technologies emerge, companies are increasingly differentiating themselves through product innovation, customer-centric solutions, and a focus on sustainability. Despite the dominance of large players, opportunities remain for smaller companies to carve out their space in specialized applications and regional markets.

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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 global medical gas and equipment market is expected to continue its steady growth, driven by increasing demand for healthcare services.
  2. Technological advancements in medical gas delivery systems, such as portable oxygen concentrators, will shape future market trends.
  3. The rising aging population worldwide will significantly boost the demand for respiratory therapies and medical gases.
  4. Home healthcare solutions will see increased adoption, contributing to a higher demand for efficient and compact medical gas equipment.
  5. Regulatory standards will remain stringent, pushing companies to enhance safety and product quality to meet compliance requirements.
  6. Expanding healthcare infrastructure in emerging economies will present growth opportunities for market players.
  7. The market will see increased investments in research and development to improve the efficiency and affordability of medical gas solutions.
  8. Strategic mergers and acquisitions will continue as companies look to expand their geographic presence and product offerings.
  9. Sustainability and environmentally friendly solutions will become more prominent as companies focus on reducing carbon footprints.
  10. Growing competition will drive innovation, leading to more advanced, cost-effective, and user-friendly medical gas and equipment products.

CHAPTER NO. 1 : INTRODUCTION 31
1.1.1. Report Description 31
Purpose of the Report 31
USP & Key Offerings 31
1.1.2. Key Benefits for Stakeholders 31
1.1.3. Target Audience 32
1.1.4. Report Scope 32
1.1.5. Regional Scope 33
CHAPTER NO. 2 : EXECUTIVE SUMMARY 34
2.1. Medical Gas and Equipment Market Snapshot 34
2.1.1. Global Medical Gas and Equipment Market, 2018 – 2032 (USD Million) 35
CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 36
3.1. Russia-Ukraine and Israel-Palestine War Impacts 36
CHAPTER NO. 4 : MEDICAL GAS AND EQUIPMENT MARKET – INDUSTRY ANALYSIS 37
4.1. Introduction 37
4.2. Market Drivers 38
4.2.1. Rising prevalence of respiratory diseases 38
4.2.2. Increasing demand for home healthcare services 39
4.3. Market Restraints 40
4.3.1. Stringent regulatory policies 40
4.4. Market Opportunities 41
4.4.1. Growing advancements in portable medical gas equipment 41
4.5. Porter’s Five Forces Analysis 42
4.6. Value Chain Analysis 43
4.7. Buying Criteria 44
CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 45
5.1. Import Analysis by Region 45
5.1.1. Global Medical Gas and Equipment Market Import Volume/Revenue, By Region, 2018 – 2023 45
5.2. Export Analysis by Region 46
5.2.1. Global Medical Gas and Equipment Market Export Volume/Revenue, By Region, 2018 – 2023 46
CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 47
6.1. Demand Analysis by Region 47
6.1.1. Global Medical Gas and Equipment Market Demand Volume/Revenue, By Region, 2018 – 2023 47
6.2. Supply Analysis by Region 48
6.2.1. Global Medical Gas and Equipment Market Supply Volume/Revenue, By Region, 2018 – 2023 48
CHAPTER NO. 7 : PRODUCTION ANALYSIS 49
7.1. Production Analysis by Region 49
7.1.1. Global Medical Gas and Equipment Market Production Volume/Revenue, By Region, 2018 – 2023 49
CHAPTER NO. 8 : PRICE ANALYSIS 50
8.1. Price Analysis by Region 50
8.1.1. Global Medical Gas and Equipment Market Price, By Region, 2018 – 2023 50
8.1.2. Global Medical Gases Market Price, By Region, 2018 – 2023 50
8.2. Price Analysis by Medical Gases 51
8.2.1. Global Medical Gas and Equipment Market Price, By Medical Gases, 2018 – 2023 51
8.2.2. Global Medical Gases Market Price, By Medical Gases, 2018 – 2023 51
CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 52
9.1. Key Raw Materials and Suppliers 52
9.2. Key Raw Materials Price Trend 52
CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 53
10.1. Manufacturing Cost Analysis 53
10.2. Manufacturing Process 53
CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 54
11.1. Company Market Share Analysis – 2023 54
11.1.1. Global Medical Gas and Equipment Market: Company Market Share, by Volume, 2023 54
11.1.2. Global Medical Gas and Equipment Market: Company Market Share, by Revenue, 2023 55
11.1.3. Global Medical Gas and Equipment Market: Top 6 Company Market Share, by Revenue, 2023 55
11.1.4. Global Medical Gas and Equipment Market: Top 3 Company Market Share, by Revenue, 2023 56
11.2. Global Medical Gas and Equipment Market Company Volume Market Share, 2023 57
11.3. Global Medical Gas and Equipment Market Company Revenue Market Share, 2023 58
11.4. Company Assessment Metrics, 2023 58
11.4.1. Stars 58
11.4.2. Emerging Leaders 58
11.4.3. Pervasive Players 58
11.4.4. Participants 58
11.5. Start-ups /SMEs Assessment Metrics, 2023 58
11.5.1. Progressive Companies 58
11.5.2. Responsive Companies 59
11.5.3. Dynamic Companies 59
11.5.4. Starting Blocks 59
11.6. Strategic Developments 60
11.6.1. Acquisitions & Mergers 60
New Product Launch 60
Regional Expansion 60
11.7. Key Players Product Matrix 61
CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 62
12.1. PESTEL 62
12.1.1. Political Factors 62
12.1.2. Economic Factors 62
12.1.3. Social Factors 62
12.1.4. Technological Factors 62
12.1.5. Environmental Factors 62
12.1.6. Legal Factors 62
12.2. Adjacent Market Analysis 62
CHAPTER NO. 13 : MEDICAL GAS AND EQUIPMENT MARKET – BY MEDICAL GASES SEGMENT ANALYSIS 63
13.1. Medical Gas and Equipment Market Overview, by Medical Gases Segment 63
13.1.1. Medical Gas and Equipment Market Revenue Share, By Medical Gases, 2023 & 2032 64
13.1.2. Medical Gas and Equipment Market Attractiveness Analysis, By Medical Gases 65
13.1.3. Incremental Revenue Growth Opportunity, by Medical Gases, 2024 – 2032 65
13.1.4. Medical Gas and Equipment Market Revenue, By Medical Gases, 2018, 2023, 2027 & 2032 66
13.2. Oxygen 67
13.2.1. Global Oxygen Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 68
13.2.2. Global Oxygen Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 68
13.3. Nitrous Oxide 69
13.3.1. Global Nitrous Oxide Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 70
13.3.2. Global Nitrous Oxide Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 70
13.4. Carbon Dioxide 71
13.4.1. Global Carbon Dioxide Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 72
13.4.2. Global Carbon Dioxide Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 72
13.5. Nitrogen 73
13.5.1. Global Nitrogen Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 74
13.5.2. Global Nitrogen Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 74
13.6. Others 75
13.6.1. Global Others Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 76
13.6.2. Global Others Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 76
CHAPTER NO. 14 : MEDICAL GAS AND EQUIPMENT MARKET – BY APPLICATION SEGMENT ANALYSIS 77
14.1. Medical Gas and Equipment Market Overview, by Application Segment 77
14.1.1. Medical Gas and Equipment Market Revenue Share, By Application, 2023 & 2032 78
14.1.2. Medical Gas and Equipment Market Attractiveness Analysis, By Application 79
14.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 79
14.1.4. Medical Gas and Equipment Market Revenue, By Application, 2018, 2023, 2027 & 2032 80
14.2. Therapeutic 81
14.2.1. Global Therapeutic Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 82
14.2.2. Global Therapeutic Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 82
14.3. Diagnostic 83
14.3.1. Global Diagnostic Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 84
14.3.2. Global Diagnostic Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 84
14.4. Pharmaceutical Manufacturing 85
14.4.1. Global Pharmaceutical Manufacturing Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 86
14.4.2. Global Pharmaceutical Manufacturing Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 86
14.5. Research 87
14.5.1. Global Research Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 88
14.5.2. Global Research Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 88
14.6. Others 89
14.6.1. Global Others Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 90
14.6.2. Global Others Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 90
CHAPTER NO. 15 : MEDICAL GAS AND EQUIPMENT MARKET – BY END-USER SEGMENT ANALYSIS 91
15.1. Medical Gas and Equipment Market Overview, by End-user Segment 91
15.1.1. Medical Gas and Equipment Market Revenue Share, By End-user, 2023 & 2032 92
15.1.2. Medical Gas and Equipment Market Attractiveness Analysis, By End-user 93
15.1.3. Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032 93
15.1.4. Medical Gas and Equipment Market Revenue, By End-user, 2018, 2023, 2027 & 2032 94
15.2. Hospitals 95
15.2.1. Global Hospitals Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 96
15.2.2. Global Hospitals Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 96
15.3. Ambulatory Surgical Centers 97
15.3.1. Global Ambulatory Surgical Centers Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 98
15.3.2. Global Ambulatory Surgical Centers Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 98
15.4. Home Healthcare 99
15.4.1. Global Home Healthcare Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 100
15.4.2. Global Home Healthcare Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 100
15.5. Clinics 101
15.5.1. Global Clinics Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 102
15.5.2. Global Clinics Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 102
15.6. Others 103
15.6.1. Global Others Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 104
15.6.2. Global Others Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 104
CHAPTER NO. 16 : MEDICAL GAS AND EQUIPMENT MARKET – BY MEDICAL GAS EQUIPMENT SEGMENT ANALYSIS 105
16.1. Medical Gas and Equipment Market Overview, by Medical Gas Equipment Segment 105
16.1.1. Medical Gas and Equipment Market Revenue Share, By Medical Gas Equipment, 2023 & 2032 106
16.1.2. Medical Gas and Equipment Market Attractiveness Analysis, By Medical Gas Equipment 107
16.1.3. Incremental Revenue Growth Opportunity, by Medical Gas Equipment, 2024 – 2032 107
16.1.4. Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018, 2023, 2027 & 2032 108
16.2. Cylinders 109
16.2.1. Global Cylinders Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 110
16.2.2. Global Cylinders Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 110
16.3. Flowmeters 111
16.3.1. Global Flowmeters Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 112
16.3.2. Global Flowmeters Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 112
16.4. Regulators 113
16.4.1. Global Regulators Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 114
16.4.2. Global Regulators Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 114
16.5. Vacuum Systems 115
16.5.1. Global Vacuum Systems Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 116
16.5.2. Global Vacuum Systems Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 116
16.6. Others 117
16.6.1. Global Others Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 118
16.6.2. Global Others Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 118
CHAPTER NO. 17 : MEDICAL GAS AND EQUIPMENT MARKET – REGIONAL ANALYSIS 119
17.1. Medical Gas and Equipment Market Overview, by Regional Segments 119
17.2. Region 120
17.2.1. Global Medical Gas and Equipment Market Revenue Share, By Region, 2023 & 2032 120
17.2.2. Medical Gas and Equipment Market Attractiveness Analysis, By Region 121
17.2.3. Incremental Revenue Growth Opportunity, by Region, 2024 – 2032 121
17.2.4. Medical Gas and Equipment Market Revenue, By Region, 2018, 2023, 2027 & 2032 122
17.2.5. Global Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 123
17.2.6. Global Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 123
17.3. Medical Gases 124
17.3.1. Global Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 124
17.4. Global Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 124
17.5. Application 125
17.5.1. Global Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 125
17.5.2. Global Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 125
17.6. End-user 126
17.6.1. Global Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 126
17.6.2. Global Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 126
17.7. Medical Gas Equipment 127
17.7.1. Global Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 127
17.7.2. Global Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2024 – 2032 (USD Million) 127
CHAPTER NO. 18 : MEDICAL GAS AND EQUIPMENT MARKET – NORTH AMERICA 128
18.1. North America 128
18.1.1. Key Highlights 128
18.1.2. North America Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 129
18.1.3. North America Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 130
18.1.4. North America Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 131
18.1.5. North America Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 132
18.1.6. North America Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 133
18.2. U.S. 134
18.3. Canada 134
18.4. Mexico 134
CHAPTER NO. 19 : MEDICAL GAS AND EQUIPMENT MARKET – EUROPE 135
19.1. Europe 135
19.1.1. Key Highlights 135
19.1.2. Europe Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 136
19.1.3. Europe Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 137
19.1.4. Europe Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 138
19.1.5. Europe Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 139
19.1.6. Europe Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 140
19.2. UK 141
19.3. France 141
19.4. Germany 141
19.5. Italy 141
19.6. Spain 141
19.7. Russia 141
19.8. Belgium 141
19.9. Netherland 141
19.10. Austria 141
19.11. Sweden 141
19.12. Poland 141
19.13. Denmark 141
19.14. Switzerland 141
19.15. Rest of Europe 141
CHAPTER NO. 20 : MEDICAL GAS AND EQUIPMENT MARKET – ASIA PACIFIC 142
20.1. Asia Pacific 142
20.1.1. Key Highlights 142
20.1.2. Asia Pacific Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 143
20.1.3. Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 144
20.1.4. Asia Pacific Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 145
20.1.5. Asia Pacific Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 146
20.1.6. Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 147
20.2. China 148
20.3. Japan 148
20.4. South Korea 148
20.5. India 148
20.6. Australia 148
20.7. Thailand 148
20.8. Indonesia 148
20.9. Vietnam 148
20.10. Malaysia 148
20.11. Philippines 148
20.12. Taiwan 148
20.13. Rest of Asia Pacific 148
CHAPTER NO. 21 : MEDICAL GAS AND EQUIPMENT MARKET – LATIN AMERICA 149
21.1. Latin America 149
21.1.1. Key Highlights 149
21.1.2. Latin America Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 150
21.1.3. Latin America Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 151
21.1.4. Latin America Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 152
21.1.5. Latin America Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 153
21.1.6. Latin America Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 154
21.2. Brazil 155
21.3. Argentina 155
21.4. Peru 155
21.5. Chile 155
21.6. Colombia 155
21.7. Rest of Latin America 155
CHAPTER NO. 22 : MEDICAL GAS AND EQUIPMENT MARKET – MIDDLE EAST 156
22.1. Middle East 156
22.1.1. Key Highlights 156
22.1.2. Middle East Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 157
22.1.3. Middle East Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 158
22.1.4. Middle East Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 159
22.1.5. Middle East Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 160
22.1.6. Middle East Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 161
22.2. UAE 162
22.3. KSA 162
22.4. Israel 162
22.5. Turkey 162
22.6. Iran 162
22.7. Rest of Middle East 162
CHAPTER NO. 23 : MEDICAL GAS AND EQUIPMENT MARKET – AFRICA 163
23.1. Africa 163
23.1.1. Key Highlights 163
23.1.2. Africa Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 164
23.1.3. Africa Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 165
23.1.4. Africa Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 166
23.1.5. Africa Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 167
23.1.6. Africa Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 168
23.2. Egypt 169
23.3. Nigeria 169
23.4. Algeria 169
23.5. Morocco 169
23.6. Rest of Africa 169
CHAPTER NO. 24 : COMPANY PROFILES 170
24.1. Air Products and Chemicals, Inc. 170
24.1.1. Company Overview 170
24.1.2. Product Portfolio 170
24.1.3. Swot Analysis 170
24.1.4. Business Strategy 171
24.1.5. Financial Overview 171
24.2. Linde Plc 172
24.3. Air Liquide 172
24.4. Messer Group GmbH 172
24.5. Praxair, Inc. 172
24.6. Taiyo Nippon Sanso Corporation 172
24.7. Atlas Copco AB 172
24.8. Matheson Tri-Gas, Inc. 172
24.9. GCE Group 172
24.10. Rotarex 172

List of Figures
FIG NO. 1. Global Medical Gas and Equipment Market Revenue, 2018 – 2032 (USD Million) 37
FIG NO. 2. Porter’s Five Forces Analysis for Global Medical Gas and Equipment Market 44
FIG NO. 3. Value Chain Analysis for Global Medical Gas and Equipment Market 45
FIG NO. 4. Global Medical Gas and Equipment Market Import Volume/Revenue, By Region, 2018 – 2023 47
FIG NO. 5. Global Medical Gas and Equipment Market Export Volume/Revenue, By Region, 2018 – 2023 48
FIG NO. 6. Global Medical Gas and Equipment Market Demand Volume/Revenue, By Region, 2018 – 2023 49
FIG NO. 7. Global Medical Gas and Equipment Market Supply Volume/Revenue, By Region, 2018 – 2023 50
FIG NO. 8. Global Medical Gas and Equipment Market Production Volume/Revenue, By Region, 2018 – 2023 51
FIG NO. 9. Global Medical Gas and Equipment Market Price, By Region, 2018 – 2023 52
FIG NO. 10. Global Medical Gas and Equipment Market Price, By Medical Gases, 2018 – 2023 53
FIG NO. 11. Raw Materials Price Trend Analysis, 2018 – 2023 54
FIG NO. 12. Manufacturing Cost Analysis 55
FIG NO. 13. Manufacturing Process 55
FIG NO. 14. Company Share Analysis, 2023 56
FIG NO. 15. Company Share Analysis, 2023 57
FIG NO. 16. Company Share Analysis, 2023 57
FIG NO. 17. Company Share Analysis, 2023 58
FIG NO. 18. Medical Gas and Equipment Market – Company Volume Market Share, 2023 59
FIG NO. 19. Medical Gas and Equipment Market – Company Revenue Market Share, 2023 60
FIG NO. 20. Medical Gas and Equipment Market Revenue Share, By Medical Gases, 2023 & 2032 66
FIG NO. 21. Market Attractiveness Analysis, By Medical Gases 67
FIG NO. 22. Incremental Revenue Growth Opportunity by Medical Gases, 2024 – 2032 67
FIG NO. 23. Medical Gas and Equipment Market Revenue, By Medical Gases, 2018, 2023, 2027 & 2032 68
FIG NO. 24. Global Medical Gas and Equipment Market for Oxygen, Revenue (USD Million) 2018 – 2032 69
FIG NO. 25. Global Medical Gas and Equipment Market for Nitrous Oxide, Revenue (USD Million) 2018 – 2032 71
FIG NO. 26. Global Medical Gas and Equipment Market for Carbon Dioxide, Revenue (USD Million) 2018 – 2032 73
FIG NO. 27. Global Medical Gas and Equipment Market for Nitrogen, Revenue (USD Million) 2018 – 2032 75
FIG NO. 28. Global Medical Gas and Equipment Market for Others, Revenue (USD Million) 2018 – 2032 77
FIG NO. 29. Medical Gas and Equipment Market Revenue Share, By Application, 2023 & 2032 80
FIG NO. 30. Market Attractiveness Analysis, By Application 81
FIG NO. 31. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 81
FIG NO. 32. Medical Gas and Equipment Market Revenue, By Application, 2018, 2023, 2027 & 2032 82
FIG NO. 33. Global Medical Gas and Equipment Market for Therapeutic, Revenue (USD Million) 2018 – 2032 83
FIG NO. 34. Global Medical Gas and Equipment Market for Diagnostic, Revenue (USD Million) 2018 – 2032 85
FIG NO. 35. Global Medical Gas and Equipment Market for Pharmaceutical Manufacturing, Revenue (USD Million) 2018 – 2032 87
FIG NO. 36. Global Medical Gas and Equipment Market for Research, Revenue (USD Million) 2018 – 2032 89
FIG NO. 37. Global Medical Gas and Equipment Market for Others, Revenue (USD Million) 2018 – 2032 91
FIG NO. 38. Medical Gas and Equipment Market Revenue Share, By End-user, 2023 & 2032 94
FIG NO. 39. Market Attractiveness Analysis, By End-user 95
FIG NO. 40. Incremental Revenue Growth Opportunity by End-user, 2024 – 2032 95
FIG NO. 41. Medical Gas and Equipment Market Revenue, By End-user, 2018, 2023, 2027 & 2032 96
FIG NO. 42. Global Medical Gas and Equipment Market for Hospitals, Revenue (USD Million) 2018 – 2032 97
FIG NO. 43. Global Medical Gas and Equipment Market for Ambulatory Surgical Centers, Revenue (USD Million) 2018 – 2032 99
FIG NO. 44. Global Medical Gas and Equipment Market for Home Healthcare, Revenue (USD Million) 2018 – 2032 101
FIG NO. 45. Global Medical Gas and Equipment Market for Clinics, Revenue (USD Million) 2018 – 2032 103
FIG NO. 46. Global Medical Gas and Equipment Market for Others, Revenue (USD Million) 2018 – 2032 105
FIG NO. 47. Medical Gas and Equipment Market Revenue Share, By Medical Gas Equipment, 2023 & 2032 108
FIG NO. 48. Market Attractiveness Analysis, By Medical Gas Equipment 109
FIG NO. 49. Incremental Revenue Growth Opportunity by Medical Gas Equipment, 2024 – 2032 109
FIG NO. 50. Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018, 2023, 2027 & 2032 110
FIG NO. 51. Global Medical Gas and Equipment Market for Cylinders, Revenue (USD Million) 2018 – 2032 111
FIG NO. 52. Global Medical Gas and Equipment Market for Flowmeters, Revenue (USD Million) 2018 – 2032 113
FIG NO. 53. Global Medical Gas and Equipment Market for Regulators, Revenue (USD Million) 2018 – 2032 115
FIG NO. 54. Global Medical Gas and Equipment Market for Vacuum Systems, Revenue (USD Million) 2018 – 2032 117
FIG NO. 55. Global Medical Gas and Equipment Market for Others, Revenue (USD Million) 2018 – 2032 119
FIG NO. 56. Global Medical Gas and Equipment Market Revenue Share, By Region, 2023 & 2032 122
FIG NO. 57. Market Attractiveness Analysis, By Region 123
FIG NO. 58. Incremental Revenue Growth Opportunity by Region, 2024 – 2032 123
FIG NO. 59. Medical Gas and Equipment Market Revenue, By Region, 2018, 2023, 2027 & 2032 124
FIG NO. 60. North America Medical Gas and Equipment Market Revenue, 2018 – 2032 (USD Million) 130
FIG NO. 61. Europe Medical Gas and Equipment Market Revenue, 2018 – 2032 (USD Million) 137
FIG NO. 62. Asia Pacific Medical Gas and Equipment Market Revenue, 2018 – 2032 (USD Million) 144
FIG NO. 63. Latin America Medical Gas and Equipment Market Revenue, 2018 – 2032 (USD Million) 151
FIG NO. 64. Middle East Medical Gas and Equipment Market Revenue, 2018 – 2032 (USD Million) 158
FIG NO. 65. Africa Medical Gas and Equipment Market Revenue, 2018 – 2032 (USD Million) 165

List of Tables
TABLE NO. 1. : Global Medical Gas and Equipment Market: Snapshot 36
TABLE NO. 2. : Drivers for the Medical Gas and Equipment Market: Impact Analysis 40
TABLE NO. 3. : Restraints for the Medical Gas and Equipment Market: Impact Analysis 42
TABLE NO. 4. : Global Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 52
TABLE NO. 5. : Global Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 53
TABLE NO. 6. : Key Raw Materials & Suppliers 54
TABLE NO. 7. : Global Oxygen Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 70
TABLE NO. 8. : Global Oxygen Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 70
TABLE NO. 9. : Global Nitrous Oxide Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 72
TABLE NO. 10. : Global Nitrous Oxide Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 72
TABLE NO. 11. : Global Carbon Dioxide Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 74
TABLE NO. 12. : Global Carbon Dioxide Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 74
TABLE NO. 13. : Global Nitrogen Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 76
TABLE NO. 14. : Global Nitrogen Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 76
TABLE NO. 15. : Global Others Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 78
TABLE NO. 16. : Global Others Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 78
TABLE NO. 17. : Global Therapeutic Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 84
TABLE NO. 18. : Global Therapeutic Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 84
TABLE NO. 19. : Global Diagnostic Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 86
TABLE NO. 20. : Global Diagnostic Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 86
TABLE NO. 21. : Global Pharmaceutical Manufacturing Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 88
TABLE NO. 22. : Global Pharmaceutical Manufacturing Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 88
TABLE NO. 23. : Global Research Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 90
TABLE NO. 24. : Global Research Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 90
TABLE NO. 25. : Global Others Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 92
TABLE NO. 26. : Global Others Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 92
TABLE NO. 27. : Global Hospitals Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 98
TABLE NO. 28. : Global Hospitals Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 98
TABLE NO. 29. : Global Ambulatory Surgical Centers Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 100
TABLE NO. 30. : Global Ambulatory Surgical Centers Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 100
TABLE NO. 31. : Global Home Healthcare Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 102
TABLE NO. 32. : Global Home Healthcare Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 102
TABLE NO. 33. : Global Clinics Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 104
TABLE NO. 34. : Global Clinics Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 104
TABLE NO. 35. : Global Others Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 106
TABLE NO. 36. : Global Others Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 106
TABLE NO. 37. : Global Cylinders Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 112
TABLE NO. 38. : Global Cylinders Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 112
TABLE NO. 39. : Global Flowmeters Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 114
TABLE NO. 40. : Global Flowmeters Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 114
TABLE NO. 41. : Global Regulators Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 116
TABLE NO. 42. : Global Regulators Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 116
TABLE NO. 43. : Global Vacuum Systems Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 118
TABLE NO. 44. : Global Vacuum Systems Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 118
TABLE NO. 45. : Global Others Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 120
TABLE NO. 46. : Global Others Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 120
TABLE NO. 47. : Global Medical Gas and Equipment Market Revenue, By Region, 2018 – 2023 (USD Million) 125
TABLE NO. 48. : Global Medical Gas and Equipment Market Revenue, By Region, 2024 – 2032 (USD Million) 125
TABLE NO. 49. : Global Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 126
TABLE NO. 50. : Global Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 126
TABLE NO. 51. : Global Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 127
TABLE NO. 52. : Global Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 127
TABLE NO. 53. : Global Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 128
TABLE NO. 54. : Global Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 128
TABLE NO. 55. : Global Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 129
TABLE NO. 56. : Global Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2024 – 2032 (USD Million) 129
TABLE NO. 57. : North America Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 131
TABLE NO. 58. : North America Medical Gas and Equipment Market Revenue, By Country, 2024 – 2032 (USD Million) 131
TABLE NO. 59. : North America Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 132
TABLE NO. 60. : North America Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 132
TABLE NO. 61. : North America Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 133
TABLE NO. 62. : North America Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 133
TABLE NO. 63. : North America Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 134
TABLE NO. 64. : North America Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 134
TABLE NO. 65. : North America Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 135
TABLE NO. 66. : North America Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2024 – 2032 (USD Million) 135
TABLE NO. 67. : Europe Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 138
TABLE NO. 68. : Europe Medical Gas and Equipment Market Revenue, By Country, 2024 – 2032 (USD Million) 138
TABLE NO. 69. : Europe Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 139
TABLE NO. 70. : Europe Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 139
TABLE NO. 71. : Europe Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 140
TABLE NO. 72. : Europe Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 140
TABLE NO. 73. : Europe Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 141
TABLE NO. 74. : Europe Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 141
TABLE NO. 75. : Europe Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 142
TABLE NO. 76. : Europe Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2024 – 2032 (USD Million) 142
TABLE NO. 77. : Asia Pacific Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 145
TABLE NO. 78. : Asia Pacific Medical Gas and Equipment Market Revenue, By Country, 2024 – 2032 (USD Million) 145
TABLE NO. 79. : Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 146
TABLE NO. 80. : Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 146
TABLE NO. 81. : Asia Pacific Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 147
TABLE NO. 82. : Asia Pacific Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 147
TABLE NO. 83. : Asia Pacific Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 148
TABLE NO. 84. : Asia Pacific Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 148
TABLE NO. 85. : Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 149
TABLE NO. 86. : Asia Pacific Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2024 – 2032 (USD Million) 149
TABLE NO. 87. : Latin America Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 152
TABLE NO. 88. : Latin America Medical Gas and Equipment Market Revenue, By Country, 2024 – 2032 (USD Million) 152
TABLE NO. 89. : Latin America Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 153
TABLE NO. 90. : Latin America Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 153
TABLE NO. 91. : Latin America Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 154
TABLE NO. 92. : Latin America Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 154
TABLE NO. 93. : Latin America Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 155
TABLE NO. 94. : Latin America Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 155
TABLE NO. 95. : Latin America Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 156
TABLE NO. 96. : Latin America Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2024 – 2032 (USD Million) 156
TABLE NO. 97. : Middle East Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 159
TABLE NO. 98. : Middle East Medical Gas and Equipment Market Revenue, By Country, 2024 – 2032 (USD Million) 159
TABLE NO. 99. : Middle East Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 160
TABLE NO. 100. : Middle East Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 160
TABLE NO. 101. : Middle East Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 161
TABLE NO. 102. : Middle East Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 161
TABLE NO. 103. : Middle East Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 162
TABLE NO. 104. : Middle East Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 162
TABLE NO. 105. : Middle East Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 163
TABLE NO. 106. : Middle East Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2024 – 2032 (USD Million) 163
TABLE NO. 107. : Africa Medical Gas and Equipment Market Revenue, By Country, 2018 – 2023 (USD Million) 166
TABLE NO. 108. : Africa Medical Gas and Equipment Market Revenue, By Country, 2024 – 2032 (USD Million) 166
TABLE NO. 109. : Africa Medical Gas and Equipment Market Revenue, By Medical Gases, 2018 – 2023 (USD Million) 167
TABLE NO. 110. : Africa Medical Gas and Equipment Market Revenue, By Medical Gases, 2024 – 2032 (USD Million) 167
TABLE NO. 111. : Africa Medical Gas and Equipment Market Revenue, By Application, 2018 – 2023 (USD Million) 168
TABLE NO. 112. : Africa Medical Gas and Equipment Market Revenue, By Application, 2024 – 2032 (USD Million) 168
TABLE NO. 113. : Africa Medical Gas and Equipment Market Revenue, By End-user, 2018 – 2023 (USD Million) 169
TABLE NO. 114. : Africa Medical Gas and Equipment Market Revenue, By End-user, 2024 – 2032 (USD Million) 169
TABLE NO. 115. : Africa Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2018 – 2023 (USD Million) 170
TABLE NO. 116. : Africa Medical Gas and Equipment Market Revenue, By Medical Gas Equipment, 2024 – 2032 (USD Million) 170

Frequently Asked Questions:

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

The global medical gas and equipment market was valued at USD 3,360.00 million in 2023 and is projected to reach USD 5,989.13 million by 2032, growing at a compound annual growth rate (CAGR) of 7.49%.

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

The market is driven by the rising prevalence of chronic respiratory diseases, an aging population susceptible to respiratory and cardiovascular conditions, increasing surgical procedures, advancements in healthcare infrastructure, and the growing adoption of home healthcare solutions. Additionally, technological innovations in gas delivery systems and IoT-enabled monitoring devices further propel growth.

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

The market is segmented based on medical gases (e.g., oxygen, nitrous oxide, carbon dioxide, nitrogen), application (e.g., therapeutic, diagnostic, pharmaceutical manufacturing), end-user (e.g., hospitals, home healthcare, ambulatory surgical centers), and medical gas equipment (e.g., cylinders, flowmeters, regulators).

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

High costs of advanced medical gas equipment and maintenance, stringent regulatory frameworks, and compliance requirements are significant challenges. These factors particularly impact smaller players and markets with constrained healthcare budgets.

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

Key players include Air Products and Chemicals, Inc., Linde Plc, Air Liquide, Messer Group GmbH, Praxair, Inc., Taiyo Nippon Sanso Corporation, Atlas Copco AB, Matheson Tri-Gas, Inc., GCE Group, and Rotarex. These companies focus on innovation, expanding regional presence, and offering cost-effective solutions.

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Canada Medical Gas and Equipment Market

Published:
Report ID: 72595

Middle East Medical Gas and Equipment Market

Published:
Report ID: 71966

Medical Protective Equipment Market

Published:
Report ID: 71698

Medical Billing Outsourcing Market

Published:
Report ID: 71694

Asia Pacific Medical Gas and Equipment Market

Published:
Report ID: 71348

Internal Radiation Therapy Market

Published:
Report ID: 75411

Image Guided Radiotherapy Market

Published:
Report ID: 75382

Flat Panel X-Ray Detectors Market

Published:
Report ID: 74896

Hemostasis Testing Systems Market

Published:
Report ID: 74856

Cardiac Ultrasound Systems Market

Published:
Report ID: 74702

Aesthetic Medical Devices Market

Published:
Report ID: 74587

Italy Diabetes Care Devices Market

Published:
Report ID: 64898

Transplant Monitoring Kits Market

Published:
Report ID: 74464

Malignant Pleural Effusion Market

Published:
Report ID: 74366

Angiography Imaging Systems Market

Published:
Report ID: 74155

Electrosurgery Accessories Market

Published:
Report ID: 74130

Digital Psychotherapeutics Market

Published:
Report ID: 73007

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