About Hospital Gas
Hospital gas is a very important element of hospitals and other health care facility places. The medical gases refer to the clean and uncontaminated supply of compressed air in hospitals, clinic and research universities. It contains no harmful particles, has no odor and is dry to prevent water buildup in distribution pipelines. They are the lifesaving element for the patients in the hospitals, the supply pipelines consist of gases like oxygen, nitrogen, nitrous oxide, carbon dioxide, and medical air. They are supplied into the patient's room, operating rooms, ICUs and more. The gas flow is monitored by the computerized alarm system and provides alert to the staff or the worker.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.2% |
The leading players in the market to avail competitive advantages continuously adapt the research and development process and making the technology up-gradation in the software. Also, with the strategic collaboration with another company in the same vertical, combine the technology and delivering user experience. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Hospital Gas market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Praxair, Inc. (United States), Air Liquide S.A. (France), Air Products and Chemicals, Inc. (United States), The Linde Group (United States), Brothers Gas Bottling & Distribution Co. LLC, Dragerwerk AG & Co. KGaA (Dubai) and MVS Engineering Pvt. Ltd. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hospital Gas market by Type (Oxygen, Nitrous Oxide, Nitrogen, Carbon Dioxide, Medical Air and Others), Application (Operative Procedures, Surgical Equipment, Laser Surgeries and Others) and Region.
On the basis of geography, the market of Hospital Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Healthcare Industry will boost the Hospital Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Increasing Technological Advancements in Hospital Gases Distribution System and Surging Pharmaceutical and Research Application of Hospital Gas
Market Growth Drivers:
Nee for medical gases in hospitals as the life-supporting elements which is the direct driving factor for hospital gases for maintaining the life of a patient. Medical gases are the foundation for the patient's life & recovery and as the number of hospitals is growing around the globe the demand for hospital gases is increasing and therefore it's supply
Restraints:
Stringent Regulatory Compliances Associated with Hospital Gas and Complexities Involved with Usage of Hospital Gas
Opportunities:
The Growing Medical Gas Distribution Systems across the World and Hospital Renovation and Expansion Projects will Boost the Market
Market Leaders and their expansionary development strategies
In July 2023, Meritus Gas Partners announced that it entered into a partnership with Applied Gas, Inc. a leading independent manufacturer and distributor of specialty gases headquartered in Danbury, Texas. Financial terms of the transaction were not disclosed.Applied Gas is a leading supplier of custom specialty gas mixtures. The company specializes in multi-component hydrocarbon gas mixtures used to calibrate analytical instrumentation at petrochemical plants producing olefins - ethylene, propylene and their derivatives.
In August 2023, Yashoda Medicity, the upcoming healthcare facility by Yashoda Foundations in Indirapuram, is collaborating with Dräger India, a renowned global medical and safety technology solutions provider. Yashoda Medicity is the new addition to the renowned healthcare institution Yashoda Super Speciality Hospital, well acknowledged for its exceptional patient care and facilities.
"The Code of Federal Regulations (CFR) designates medical gases as drugs, and mandates the Secretary of the Treasury and the Secretary of Health and Human Services to promulgate regulations for the efficient enforcement of the Federal Food, Drug, and Cosmetic Act (FDA). Such other regulatory bodies as the Department of Transportation (DOT) and national organizations [e.g., the Compressed Gas Association (CGA) and the National Fire Protection Association (NFPA)] write regulations and standards for compressed gases. Medical gases are considered prescription drugs because their use as drugs is unsafe without the supervision of a licensed practitioner or by properly instructed emergency personnel. Regulations regarding the purity of these substances are established by the United States Pharmacopeia/National Formulary (USP/NF).
Key Target Audience
Hospital Gas Providers, Hospital Gas Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Potential Investors, Hospitals, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.