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Global Medical Gas Equipment Market 2017-2021

About Medical Gas Equipment

Gas that is used in healthcare facilities and other allied fields is known as medical gas. Home healthcare has emerged as an attractive segment in the global medical gas equipment market. This is due to the use of medical gas to help patients with diseases such as asthma, COPD, and sleep apnea. Medical gas equipment is used for therapeutics, diagnosis, and other applications such as pharmaceutical manufacturing, research, process development, and quality control and drug discovery. The most common types of medical gases that are used in healthcare facilities include medical air, oxygen, carbon dioxide, nitrogen, and nitrous oxide.

Technavio’s analysts forecast the global medical gas equipment market to grow at a CAGR of 7.57% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global medical gas equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of medical gas equipment.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Medical Gas Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Air Liquide
  • Air Products and Chemicals
  • Praxair
  • Linde Gas
Other prominent vendors
  • Allied Healthcare Products
  • Amico
  • Gentec
  • Matheson Tri-Gas
  • Medical Gas Solutions
  • Powerex
Market driver
  • Increase in elderly population
  • For a full, detailed list, view our report
Market challenge
  • Declining reimbursements for respiratory therapies
  • For a full, detailed list, view our report
Market trend
  • Increasing M&A
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Medical Gas Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global medical gas equipment market: Air Liquide, Air Products and Chemicals, Praxair, and Linde Gas.

Other Prominent Vendors in the market are: Allied Healthcare Products, Amico, Gentec, Matheson Tri-Gas, Medical Gas Solutions, and Powerex.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing M&A. Companies in the global medical gas equipment are merging with or acquiring other companies to increase their reach. These M&A affect the market dynamics as vendors are looking to expand their product portfolio and customer base. To expand its market share in the US, Air Liquide, a leading company in Europe, acquired Airgas, which is based in the US, for approximately $10 billion.”

According to the report, one of the major drivers for this market is Increase in elderly population. Globally, there has been a gradual increase in the number of elderly people. In 2015, approximately 7%-8% of the global population were above the age of 65. The elderly population is expected to rise rapidly by 2030 The prevalence of respiratory conditions such as asthma and COPD among the elderly population is high. According to a nationwide study conducted by the CDC in 2015, in the US, nearly 15% or about one out of seven elderly people affected by lung disorders such as asthma or COPD.

Further, the report states that one of the major factors hindering the growth of this market is Declining reimbursements for respiratory therapies. Globally the prevalence of asthma, respiratory allergies, and COPD is increasing. However, reimbursements for treatments are reducing. Hence, patients are beginning to explore other options. The cost of respiratory therapy is high. However, the number of rebate programs for patients is low. For instance, in the US, in 2010, the total cost of COPD was approximately $45-$50 billion. Patients have a restricted number of times that they undergo pulmonary rehabilitation. There are not enough programs to cover the increasing number of patients who suffer from issues related to the lungs or the respiratory tract. Many programs struggle to stay in operation due to low reimbursement from the Centers for Medicare and Medicaid Service (CMS). Limited reimbursements also discourage the development of new therapies.



Companies Mentioned

Air Liquide, Air Products and Chemicals, Praxair, and Linde Gas.Allied Healthcare Products, Amico, Gentec, Matheson Tri-Gas, Medical Gas Solutions, and Powerex.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Overview
      • Table Medical gases: Common types and use
  • Market landscape
    • Overview
      • Table Global medical gas equipment market: Overview
    • Market size and forecast
      • Table Global medical gas equipment market 2016-2021 ($ million)
      • Table Global medical gas equipment market: Segmentation by application 2016 and 2021 (% share)
      • Table Factors affecting global medical gas equipment market and their impact
    • Five forces analysis
      • Table Five forces analysis
  • Segmentation by end-user
    • Overview
      • Table Global medical gas equipment market: Segmentation by end-user 2016 & 2021 (% share)
      • Table Global medical gas equipment market: Overview of segmentation by end-user
    • Hospitals and clinics
      • Table Global medical gas equipment market by hospitals and clinics 2016-2021 ($ million)
    • Home healthcare
      • Table Global medical gas equipment market by home healthcare 2016-2021 ($ million)
    • Pharmaceutical and biotechnology companies
      • Table Global medical gas equipment market by pharmaceutical and biotechnology companies 2016-2021 ($ million)
    • Academic and research institutions
      • Table Global medical gas equipment market by academic and research institutions 2016- 2021 ($ million)
  • Segmentation by geography
    • Overview
      • Table Global medical gas equipment market: Segmentation by geography 2016 and 2021 (% share)
      • Table Global medical gas equipment market: Overview of segmentation by geography
    • Americas
      • Table Medical gas equipment market in Americas: Overview
      • Table Medical gas equipment market in Americas 2016-2021 ($ million)
    • EMEA
      • Table Medical gas equipment market in EMEA: Overview
      • Table Medical gas equipment market in EMEA 2016-2021 ($ million)
    • APAC
      • Table Medical gas equipment market in APAC: Overview
      • Table Medical gas equipment market in APAC 2016-2021 ($ million)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing M&A
    • Increasing product innovations
    • Increasing awareness about patient safety and monitoring
  • Vendor landscape
    • Competitive Scenario
      • Table Key strategies employed by leading vendors
    • Investment opportunity
      • Table Investment opportunity mapping
  • Key vendor analysis
    • Air Liquide
      • Table Air Liquide: Profile
      • Table Air Liquide: Strength analysis
      • Table Air Liquide: Strategy assessment
      • Table Air Liquide: Opportunity assessment
    • Air Products and Chemicals
      • Table Air Products and Chemicals: Profile
      • Table Air Products and Chemicals: Strength analysis
      • Table Air Products and Chemicals: Strategy assessment
      • Table Air Products and Chemicals: Opportunity assessment
    • Linde Gas
      • Table Linde Gas: Profile
      • Table Linde Gas: Strength analysis
      • Table Linde Gas: Strategy assessment
      • Table Linde Gas: Opportunity assessment
    • Praxair
      • Table Praxair: Profile
      • Table Praxair: Strength analysis
      • Table Praxair: Strategy assessment
      • Table Praxair: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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