The global Medical Gas Equipment Market is poised for substantial growth, with a projected valuation of USD 33.44 billion by 2031. According to Straits Research, the market, which was valued at USD 19.78 billion in 2022, is expected to expand at a CAGR of 6.78% during the forecast period (2023-2031). The rising demand for medical gases and related equipment across healthcare settings is fueling this market expansion.
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Market Drivers
The increasing prevalence of respiratory diseases, the expanding geriatric population, and the growing adoption of home healthcare services are among the key drivers of the medical gas equipment market. Additionally, advancements in medical gas technology, the rise in chronic diseases, and stringent government regulations regarding medical gas usage are further propelling market growth.
Key Developments in the Medical Gas Equipment Market
The medical gas equipment sector is witnessing significant developments, including technological innovations, strategic mergers and acquisitions, and increasing investments in healthcare infrastructure. Major industry players are expanding their production capacities and investing in R&D to meet the rising demand for efficient and safe medical gas delivery systems.
Market Segmentation
The medical gas equipment market is segmented as follows:
By Type:
- Medical Gas
- Pure Medical Gases
- Oxygen
- Carbon Dioxide
- Nitrous Oxide
- Nitrogen
- Medical Air
- Helium
- Medical Gas Mixtures
- Blood-gas Mixtures
- Lung Diffusion Mixtures
- Nitrous Oxide-Oxygen Mixtures
- Carbon Dioxide-Oxygen Mixtures
- Laser-gas Mixtures
- Aerobic Mixtures
- Anaerobic Mixtures
- Ethylene Oxide
- Helium-Oxygen Mixtures
- Medical Gas Equipment
- Equipment Accessories
- Hoses
- Manifolds
- Regulators
- Flowmeters
- Suction Regulators
- Vacuum Systems
- Outlets
- Monitoring Systems
- Valve with Integrated Pressure Regulator
- Medical Air Compressors
- Cryogenic Products
- Gas Delivery Systems
- Pure Medical Gases
By Applications:
- Therapeutic
- Respiratory Diseases
- Cardiovascular Diseases
- Anesthesia
- Cryosurgery
- Others
- Diagnostics
- Medical Imaging
- General Laboratory Use
- Pharmaceutical Manufacturing and Research
- Drug Discovery
- Process Development
- Pharmaceutical Manufacturing
- Quality Control
- Other Therapeutic Applications (Tissue and Platelet Preservation)
By End-User:
- Hospitals
- Home Healthcare
- Pharmaceutical and Biopharmaceutical Companies
- Diagnostic and Research Laboratories
- Academic Institutes and Research Institutes
For detailed segmentation insights, visit: https://straitsresearch.com/report/medical-gas-equipment-market/segmentation
Key Players in the Medical Gas Equipment Market
- Air Products and Chemicals Inc. (US)
- Linde Group (Germany)
- Air Liquide (France)
- Praxair Inc. (US)
- Taiyo Nippon Sanso Corp. (Japan)
- SOL SpA (Italy)
- Atlas Copco (Sweden)
- Messer Group GmbH (Germany)
- GCE Holding AB (Sweden)
- Others
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About Straits Research
Straits Research is a leading provider of business intelligence, specializing in research, analytics, and advisory services. Our in-depth market reports deliver actionable insights to help businesses navigate evolving industry landscapes.
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