
Global Medical & Pharmaceutical Gases and Equipment Market Analysis & Trends - Industry Forecast to 2030
Description
Global Medical & Pharmaceutical Gases and Equipment Market Analysis & Trends - Industry Forecast to 2030
Medical & Pharmaceutical Gases and Equipment: Market Size
From $30.01 billion in 2024, the global Medical & Pharmaceutical Gases and Equipment market is projected to reach $54.64 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 10.5% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include increasing demand for advanced services, rising investment of government funds in healthcare, and market expansion in emerging countries across APAC.
Global Medical & Pharmaceutical Gases and Equipment Market: Market Dynamics
Medical & pharmaceutical gases and equipment being an integral part of the hospitals' industry are witnessing a considerable surge in demand with the increase in the number of hospitals across the globe. The purity of the gases plays an important role in the recovery of the patient and there is also a risk of acquiring contagion through medical gases. Due to this reason, the medical gases need to be manufactured according to certain specified standards. The increasing incidence of preterm births, technological advancement in pharmaceutical gases, and growing demand for home healthcare and point-of-care diagnostics are fueling the growth of the medical & pharmaceutical gases and equipment market across the globe. The favorable initiatives undertaken by government organizations are one of the key factors contributing to the growth of the market.
For instance, according to the National Heart, Lung and Blood Institute Atherosclerotic Risk in Communities (ARIC) Study and Cardiovascular Health Study (CHS), there are 1,260,000 new and recurrent coronary attacks per year- about 37% of people experience a coronary attack in a given year die from it.
On the other hand, stringent government rules and regulations are likely to obstruct the profit boundaries. In addition, market expansion in emerging countries across APAC will further boost the medical & pharmaceutical gases and equipment market.
Impact of COVID-19 on Medical & Pharmaceutical Gases and Equipment
The outbreak of COVID-19 has moderately affected the market and it is overcoming the fetters fast and creating opportunities for market players. The demand for medical & pharmaceutical gases and equipment supplies has risen significantly as a result of the COVID-19 pandemic. Companies at the forefront of gas supplies to hospital facilities, as well as pharmacies serving a large number of patients at home, find that thousands of cylinders are being used and emptied daily. Medical gas is a critical element for human life existence, and because of its natural availability through the air, it is sometimes forgotten to be a life-saving essential medicine. Its importance once grew more during the COVID-19 epidemic because of its close association with the respiratory system. High-flow nasal oxygen is found to be a safe and efficient treatment for COVID-19 patients who are not in an ICU. The WHO says that 15 percent of COVID-19 patients require medical oxygen because of breathing difficulties. Till a pharmacological treatment is available for COVID-19, ventilators will remain a vital preference for patients requiring critical care. The market is thus posed with the urgent need for accelerating manufacturing.
By Type
Pure Gases Segment Dominate the Market in 2019
The pure gases segment is estimated to have a significant market share during the forecast period, as it is extensively used in the treatment of chronic obstructive pulmonary disease. Oxygen is generally supplied in gas cylinders from which the administration to the patients is done by using a facial mask that can clasp about 60% of oxygen or through a tight-fitting anesthetic type mask that can hold up to 100% oxygen. In addition, according to the Pharma Review, 20-40% oxygen is generally used in the treatment of C.O.P.D. and 40%-60% is used in case of bronchial asthma and 100% oxygen is used in the treatment of stern hypoxia and noxious gas poising which is ultimately driving this segment growth. Furthermore, Ethonox is a ready-to-use medical gas mixture consisting of 50% nitrous oxide and 50% oxygen for use in all situation where analgesia and sedation with rapid onset and offset is sought.
By Geography
North America Region is Leading in the Global Market Place
North America region is likely to have huge demand during the forecast period, due to the increasing geriatric population along with the increase in the number of people suffering from chronic illness, rising health concerns among people, and a better healthcare structure. According to the Centers for Disease Control and Prevention, about 647,000 Americans die from heart disease each year-that is 1 in every-4 deaths. Moreover, the presence of major players including Praxair and Airgas is further contributing to its market growth in North America. In the United States, the medical gas sector is in the middle of a shift in standards, analysis, and delivery procedures, which results from the current increase in the use of home oxygen therapy to the modernization of medical gas standards and the means of supply.
List of the Key Players Profiled in the Market Include:
• Boc India Limited
• Leland Limited
• BPR Medical Ltd
• Air Products and Chemicals, Inc.
• Gulf Cyro
• Praxair Inc.
• Air Liquide
• Air Gas Inc.
• Linde Group
• BOD India Ltd
• BeaconMedaes LLC
• INOX Air Products Private Limited
List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others
Table of Contents
200 Pages
- 1 Market Outline
- 1.1 Definition
- 1.2 Market Segmentation & Scope
- 1.3 Market Trends
- 1.4 Regulatory Factors
- 1.5 Application Analysis
- 1.6 End User Analysis
- 1.7 Strategic Benchmarking
- 1.8 Opportunity Analysis
- 2 Executive Summary
- 3 Research Methodology and Data Source
- 3.1 Methodology/Research Approach
- 3.1.1 Research Programs/Design
- 3.1.2 Market Size Estimation
- 3.2 Data Source and Assumptions
- 3.2.1 Purchased Database
- 3.2.2 Company Repository
- 3.2.3 Secondary Sources
- 3.2.4 Primary Research
- 3.2.5 List of Assumptions
- 4 Market Overview
- 4.1 Current Trends
- 4.1.1 Reduction in Cost of Offshore Exploration & Production (E&P) Activities
- 4.1.2 Overcapacity in Global Offshore Support Vessel Market
- 4.1.3 Demand for Offshore Support Vessels used in Exploration & Production
- 4.1.4 Growth Opportunities/Investment Opportunities
- 4.2 Drivers
- 4.3 Constraints
- 4.4 Impact of COVID-19
- 5 Market Factor Analysis
- 5.1 Porters Five Forces
- 5.1.1 Bargaining power of suppliers
- 5.1.2 Bargaining power of buyers
- 5.1.3 Threat of substitutes
- 5.1.4 Threat of new entrants
- 5.1.5 Competitive rivalry
- 5.2 Value Chain Analysis/Supply Chain Analysis
- 6 Consumer behaviour analysis/Consumer Research
- 6.1 Consumer trends and preferences
- 6.2 Factors affecting buying decision
- 6.3 Consumer product adoption
- 6.4 Observation & Recommendations
- 7 Offshore Support Vessel Market, By Type
- 7.1 Platform Support Vessels
- DATA TABLE Platform Support Vessels Market Forecast to 2030 (US$ MN)
- 7.2 Crew Vessels
- DATA TABLE Crew Vessels Market Forecast to 2030 (US$ MN)
- 7.3 Chase Vessels
- DATA TABLE Chase Vessels Market Forecast to 2030 (US$ MN)
- 7.4 Anchor Handling Tug/Anchor Handling Towing Supply Vessels (AHT/AHTSs)
- DATA TABLE Anchor Handling Tug/Anchor Handling Towing Supply Vessels (AHT/AHTSs) Market Forecast to 2030 (US$ MN)
- 7.5 Emergency Response/Standby and Rescue Vessels
- DATA TABLE Emergency Response/Standby and Rescue Vessels Market Forecast to 2030 (US$ MN)
- 7.6 Fast Supply Intervention Vessel
- DATA TABLE Fast Supply Intervention Vessel Market Forecast to 2030 (US$ MN)
- 7.7 Offshore Subsea Construction Vessels (OSCV)
- DATA TABLE Offshore Subsea Construction Vessels (OSCV) Market Forecast to 2030 (US$ MN)
- 7.8 Inspection, Maintenance and Repair Vessel (IMR)
- DATA TABLE Inspection, Maintenance and Repair Vessel (IMR) Market Forecast to 2030 (US$ MN)
- 7.9 Multipurpose Field & ROV Support Vessels (MRSV)
- DATA TABLE Multipurpose Field & ROV Support Vessels (MRSV) Market Forecast to 2030 (US$ MN)
- 7.10 Accommodation Ships
- DATA TABLE Accommodation Ships Market Forecast to 2030 (US$ MN)
- 7.11 Seismic Vessels
- DATA TABLE Seismic Vessels Market Forecast to 2030 (US$ MN)
- 7.12 Multipurpose Support Vessels
- DATA TABLE Multipurpose Support Vessels Market Forecast to 2030 (US$ MN)
- 7.13 Mooring Launchers
- DATA TABLE Mooring Launchers Market Forecast to 2030 (US$ MN)
- 7.14 Safety Standby/Utility Vessel
- DATA TABLE Safety Standby/Utility Vessel Market Forecast to 2030 (US$ MN)
- 7.15 Oil Terminal Support Vessel
- DATA TABLE Oil Terminal Support Vessel Market Forecast to 2030 (US$ MN)
- 7.16 Tug Supply Vessel
- DATA TABLE Tug Supply Vessel Market Forecast to 2030 (US$ MN)
- 7.17 Pipe Laying Supply Vessel (PLSV)
- DATA TABLE Pipe Laying Supply Vessel (PLSV) Market Forecast to 2030 (US$ MN)
- 7.18 ROV Support Vessel (RSV)
- DATA TABLE ROV Support Vessel (RSV) Market Forecast to 2030 (US$ MN)
- 7.19 Mini Supply (MS)
- DATA TABLE Mini Supply (MS) Market Forecast to 2030 (US$ MN)
- 7.20 Line Handling (LH)
- DATA TABLE Line Handling (LH) Market Forecast to 2030 (US$ MN)
- 7.21 Other Types
- DATA TABLE Other Types Market Forecast to 2030 (US$ MN)
- 7.21.1 Remotely Operated Vessels (ROVs)
- DATA TABLE Remotely Operated Vessels (ROVs) Market Forecast to 2030 (US$ MN)
- 7.21.2 Well Stimulation Vessels
- DATA TABLE Well Stimulation Vessels Market Forecast to 2030 (US$ MN)
- 7.21.3 Diving Support Vessels (DSVs)
- DATA TABLE Diving Support Vessels (DSVs) Market Forecast to 2030 (US$ MN)
- 7.21.4 Cable and Pipe Laying Vessels
- DATA TABLE Cable and Pipe Laying Vessels Market Forecast to 2030 (US$ MN)
- 7.21.5 Well Intervention Vessels
- DATA TABLE Well Intervention Vessels Market Forecast to 2030 (US$ MN)
- 7.21.6 Installation Vessels
- DATA TABLE Installation Vessels Market Forecast to 2030 (US$ MN)
- 8 Offshore Support Vessel Market, By Fuel
- 8.1 Liquefied Natural Gas (LNG)
- DATA TABLE Liquefied Natural Gas (LNG) Market Forecast to 2030 (US$ MN)
- 8.2 Fuel Oil
- DATA TABLE Fuel Oil Market Forecast to 2030 (US$ MN)
- 9 Offshore Support Vessel Market, By Service Type
- 9.1 Inspection & Survey
- DATA TABLE Inspection & Survey Market Forecast to 2030 (US$ MN)
- 9.2 Logistics & Cargo Management
- DATA TABLE Logistics & Cargo Management Market Forecast to 2030 (US$ MN)
- 9.3 Technical Services
- DATA TABLE Technical Services Market Forecast to 2030 (US$ MN)
- 9.3.1 Technical Support
- DATA TABLE Technical Support Market Forecast to 2030 (US$ MN)
- 9.3.2 Repair & Maintenance
- DATA TABLE Repair & Maintenance Market Forecast to 2030 (US$ MN)
- 9.4 Crew Management
- DATA TABLE Crew Management Market Forecast to 2030 (US$ MN)
- 9.4.1 Manpower Supply
- DATA TABLE Manpower Supply Market Forecast to 2030 (US$ MN)
- 9.4.2 Training & Support
- DATA TABLE Training & Support Market Forecast to 2030 (US$ MN)
- 9.5 Anchor handling, Towage & Offshore Positioning
- DATA TABLE Anchor handling, Towage & Offshore Positioning Market Forecast to 2030 (US$ MN)
- 9.6 Assistance, Salvage, & Pollution Remediation
- DATA TABLE Assistance, Salvage, & Pollution Remediation Market Forecast to 2030 (US$ MN)
- 9.7 Seismic Supports
- DATA TABLE Seismic Supports Market Forecast to 2030 (US$ MN)
- 9.8 Subsea Services
- DATA TABLE Subsea Services Market Forecast to 2030 (US$ MN)
- 9.9 Financial Services
- DATA TABLE Financial Services Market Forecast to 2030 (US$ MN)
- 9.9.1 Consulting
- DATA TABLE Consulting Market Forecast to 2030 (US$ MN)
- 9.9.2 Chartering & Brokerage
- DATA TABLE Chartering & Brokerage Market Forecast to 2030 (US$ MN)
- 10 Offshore Support Vessel Market, By Application
- 10.1 Deepwater
- DATA TABLE Deepwater Market Forecast to 2030 (US$ MN)
- 10.2 Shallow Water
- DATA TABLE Shallow Water Market Forecast to 2030 (US$ MN)
- 10.3 Ultra-Deepwater
- DATA TABLE Ultra-Deepwater Market Forecast to 2030 (US$ MN)
- 11 Offshore Support Vessel Market, By End User
- 11.1 Offshore Wind
- DATA TABLE Offshore Wind Market Forecast to 2030 (US$ MN)
- 11.2 Oil & Gas
- DATA TABLE Oil & Gas Market Forecast to 2030 (US$ MN)
- 11.3 Power
- DATA TABLE Power Market Forecast to 2030 (US$ MN)
- 11.4 Submarine Communications
- DATA TABLE Submarine Communications Market Forecast to 2030 (US$ MN)
- 11.5 Patrolling
- DATA TABLE Patrolling Market Forecast to 2030 (US$ MN)
- 11.6 Research and Surveying
- DATA TABLE Research and Surveying Market Forecast to 2030 (US$ MN)
- 11.7 Military
- DATA TABLE Military Market Forecast to 2030 (US$ MN)
- 12 Offshore Support Vessel Market, By Geography
- 12.1 North America
- DATA TABLE North America Market Forecast by Countries to 2030 (US$ MN)
- 12.1.1 US
- 12.1.2 Canada
- 12.1.3 Mexico
- 12.2 Europe
- DATA TABLE Europe Market Forecast by Countries to 2030 (US$ MN)
- 12.2.1 Germany
- 12.2.2 U.K
- 12.2.3 Italy
- 12.2.4 France
- 12.2.5 Spain
- 12.2.6 Rest of Europe
- 12.3 Asia Pacific
- DATA TABLE Asia Pacific Market Forecast by Countries to 2030 (US$ MN)
- 12.3.1 China
- 12.3.2 Japan
- 12.3.3 India
- 12.3.4 Australia
- 12.3.5 New Zealand
- 12.3.6 Rest of Asia Pacific
- 12.4 Middle East
- DATA TABLE Middle East Market Forecast by Countries to 2030 (US$ MN)
- 12.4.1 Saudi Arabia
- 12.4.2 UAE
- 12.4.3 Rest of Middle East
- 12.5 Latin America
- DATA TABLE Latin America Market Forecast by Countries to 2030 (US$ MN)
- 12.5.1 Argentina
- 12.5.2 Brazil
- 12.5.3 Rest of Latin America
- 12.6 Rest of the World (RoW)
- DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2030 (US$ MN)
- 12.6.1 South Africa
- 12.6.2 Others
- 13 Key Player Activities
- 13.1 Acquisitions & Mergers
- 13.2 Agreements, Partnerships, Collaborations and Joint Ventures
- 13.3 Product Launch & Expansions
- 13.4 Other Activities
- 14 Leading Companies
- 14.1 Edison Chouest Offshore
- 14.2 Deltamarin Ltd
- 14.3 Greatship (India) Limited
- 14.4 M3 Marine Group Pte Ltd.
- 14.5 Pacific Radiance Ltd
- 14.6 SolstadFarstad ASA
- 14.7 Bourbon Corporation SA
- 14.8 DOF Group
- 14.9 Swire Pacific Limited
- 14.10 GulfMark Offshore, Inc.
- 14.11 Tidewater Inc.
- 14.12 Bumi Armada Berhad
- 14.13 Falcon Energy Group
- 14.14 Hornbeck Offshore Services Inc.
- 14.15 Vallianz Holdings Limited.
- 14.16 OPS Group
- List of Tables
- Table 1 Global Offshore Support Vessel Market By Region, Market Forecast (2022-2030) (US $MN)
- Table 2 Global Offshore Support Vessel Market By Type, Market Forecast (2022-2030) (US $MN)
- Table 3 Global Offshore Support Vessel Market By Platform Support Vessels, Market Forecast (2022-2030) (US $MN)
- Table 4 Global Offshore Support Vessel Market By Crew Vessels, Market Forecast (2022-2030) (US $MN)
- Table 5 Global Offshore Support Vessel Market By Chase Vessels, Market Forecast (2022-2030) (US $MN)
- Table 6 Global Offshore Support Vessel Market By Anchor Handling Tug/Anchor Handling Towing Supply Vessels (AHT/AHTSs), Market Forecast (2022-2030) (US $MN)
- Table 7 Global Offshore Support Vessel Market By Emergency Response/Standby and Rescue Vessels, Market Forecast (2022-2030) (US $MN)
- Table 8 Global Offshore Support Vessel Market By Fast Supply Intervention Vessel, Market Forecast (2022-2030) (US $MN)
- Table 9 Global Offshore Support Vessel Market By Offshore Subsea Construction Vessels (OSCV), Market Forecast (2022-2030) (US $MN)
- Table 10 Global Offshore Support Vessel Market By Inspection, Maintenance and Repair Vessel (IMR), Market Forecast (2022-2030) (US $MN)
- Table 11 Global Offshore Support Vessel Market By Multipurpose Field & ROV Support Vessels (MRSV), Market Forecast (2022-2030) (US $MN)
- Table 12 Global Offshore Support Vessel Market By Accommodation Ships, Market Forecast (2022-2030) (US $MN)
- Table 13 Global Offshore Support Vessel Market By Seismic Vessels, Market Forecast (2022-2030) (US $MN)
- Table 14 Global Offshore Support Vessel Market By Multipurpose Support Vessels, Market Forecast (2022-2030) (US $MN)
- Table 15 Global Offshore Support Vessel Market By Mooring Launchers, Market Forecast (2022-2030) (US $MN)
- Table 16 Global Offshore Support Vessel Market By Safety Standby/Utility Vessel, Market Forecast (2022-2030) (US $MN)
- Table 17 Global Offshore Support Vessel Market By Oil Terminal Support Vessel, Market Forecast (2022-2030) (US $MN)
- Table 18 Global Offshore Support Vessel Market By Tug Supply Vessel, Market Forecast (2022-2030) (US $MN)
- Table 19 Global Offshore Support Vessel Market By Pipe Laying Supply Vessel (PLSV), Market Forecast (2022-2030) (US $MN)
- Table 20 Global Offshore Support Vessel Market By ROV Support Vessel (RSV), Market Forecast (2022-2030) (US $MN)
- Table 21 Global Offshore Support Vessel Market By Mini Supply (MS), Market Forecast (2022-2030) (US $MN)
- Table 22 Global Offshore Support Vessel Market By Line Handling (LH), Market Forecast (2022-2030) (US $MN)
- Table 23 Global Offshore Support Vessel Market By Other Types, Market Forecast (2022-2030) (US $MN)
- Table 24 Global Offshore Support Vessel Market By Remotely Operated Vessels (ROVs), Market Forecast (2022-2030) (US $MN)
- Table 25 Global Offshore Support Vessel Market By Well Stimulation Vessels, Market Forecast (2022-2030) (US $MN)
- Table 26 Global Offshore Support Vessel Market By Diving Support Vessels (DSVs), Market Forecast (2022-2030) (US $MN)
- Table 27 Global Offshore Support Vessel Market By Cable and Pipe Laying Vessels, Market Forecast (2022-2030) (US $MN)
- Table 28 Global Offshore Support Vessel Market By Well Intervention Vessels, Market Forecast (2022-2030) (US $MN)
- Table 29 Global Offshore Support Vessel Market By Installation Vessels, Market Forecast (2022-2030) (US $MN)
- Table 30 Global Offshore Support Vessel Market By Fuel, Market Forecast (2022-2030) (US $MN)
- Table 31 Global Offshore Support Vessel Market By Liquefied Natural Gas (LNG), Market Forecast (2022-2030) (US $MN)
- Table 32 Global Offshore Support Vessel Market By Fuel Oil, Market Forecast (2022-2030) (US $MN)
- Table 33 Global Offshore Support Vessel Market By Service Type, Market Forecast (2022-2030) (US $MN)
- Table 34 Global Offshore Support Vessel Market By Inspection & Survey, Market Forecast (2022-2030) (US $MN)
- Table 35 Global Offshore Support Vessel Market By Logistics & Cargo Management, Market Forecast (2022-2030) (US $MN)
- Table 36 Global Offshore Support Vessel Market By Technical Services, Market Forecast (2022-2030) (US $MN)
- Table 37 Global Offshore Support Vessel Market By Technical Support, Market Forecast (2022-2030) (US $MN)
- Table 38 Global Offshore Support Vessel Market By Repair & Maintenance, Market Forecast (2022-2030) (US $MN)
- Table 39 Global Offshore Support Vessel Market By Crew Management, Market Forecast (2022-2030) (US $MN)
- Table 40 Global Offshore Support Vessel Market By Manpower Supply, Market Forecast (2022-2030) (US $MN)
- Table 41 Global Offshore Support Vessel Market By Training & Support, Market Forecast (2022-2030) (US $MN)
- Table 42 Global Offshore Support Vessel Market By Anchor handling, Towage & Offshore Positioning, Market Forecast (2022-2030) (US $MN)
- Table 43 Global Offshore Support Vessel Market By Assistance, Salvage, & Pollution Remediation, Market Forecast (2022-2030) (US $MN)
- Table 44 Global Offshore Support Vessel Market By Seismic Supports, Market Forecast (2022-2030) (US $MN)
- Table 45 Global Offshore Support Vessel Market By Subsea Services, Market Forecast (2022-2030) (US $MN)
- Table 46 Global Offshore Support Vessel Market By Financial Services, Market Forecast (2022-2030) (US $MN)
- Table 47 Global Offshore Support Vessel Market By Consulting, Market Forecast (2022-2030) (US $MN)
- Table 48 Global Offshore Support Vessel Market By Chartering & Brokerage, Market Forecast (2022-2030) (US $MN)
- Table 49 Global Offshore Support Vessel Market By Application, Market Forecast (2022-2030) (US $MN)
- Table 50 Global Offshore Support Vessel Market By Deepwater, Market Forecast (2022-2030) (US $MN)
- Table 51 Global Offshore Support Vessel Market By Shallow Water, Market Forecast (2022-2030) (US $MN)
- Table 52 Global Offshore Support Vessel Market By Ultra-Deepwater, Market Forecast (2022-2030) (US $MN)
- Table 53 Global Offshore Support Vessel Market By End User, Market Forecast (2022-2030) (US $MN)
- Table 54 Global Offshore Support Vessel Market By Offshore Wind, Market Forecast (2022-2030) (US $MN)
- Table 55 Global Offshore Support Vessel Market By Oil & Gas, Market Forecast (2022-2030) (US $MN)
- Table 56 Global Offshore Support Vessel Market By Power, Market Forecast (2022-2030) (US $MN)
- Table 57 Global Offshore Support Vessel Market By Submarine Communications, Market Forecast (2022-2030) (US $MN)
- Table 58 Global Offshore Support Vessel Market By Patrolling, Market Forecast (2022-2030) (US $MN)
- Table 59 Global Offshore Support Vessel Market By Research and Surveying, Market Forecast (2022-2030) (US $MN)
- Table 60 Global Offshore Support Vessel Market By Military, Market Forecast (2022-2030) (US $MN)
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