About Medical Gas
Medical gas is meant to be used for administration to patients undergoing therapy, diagnosis and anesthesia. This gas is stored in a way to avoid any contamination. The components of piped medical gas include distribution mechanism, alarm outlets and monitors. Mostly, the systems are coded with color along with proper labeling to find out the content inside.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Medical Gas market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Medical Gas Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical 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.
Linde Group (Germany), Air Liquide (France), Air Products and Chemicals, Inc. (United States), Praxair, Inc. (United States), Taiyo Nippon Sanso Corporation (Japan), Atlas Copco (Sweden), GCE Holding (Sweden) and Messer Group (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are SOL SpA (Italy), Rotarex S.A. (Luxembourg), SCI Analytical (United States), Amico Corporation (Canada) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Medical Gas market by Type (Oxygen, Nitrous Oxide, Medical Air and Others), Application (Hospitals & Clinics, Home Healthcare, Universities & Research Institutions and Pharmaceutical & Biotechnology Industries) and Region.
On the basis of geography, the market of Medical 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).
Influencing Trend:
Increasing Occurrence of Preterm Births and Growing Demand for Home Healthcare
Market Growth Drivers:
Increasing Prevalence of Chronic Diseases and Increasing Incidence of Respiratory Diseases as a Result of the High Prevalence of Tobacco Use and Rising Pollution Levels
Challenges:
Issues Related with Changes in Medical Gas Calibration Standards and Lack of Awareness Especially Among Emerging Countries and Large Untreated Population
Restraints:
Declining Federal Reimbursements for Respiratory Diagnostics and Therapies and Prevalence of Global Helium Shortage
Opportunities:
Market Expansion in Emerging Countries Across Emerging Countries and Technological Advancements in Medical Gas and Related Equipment
Market Leaders and their expansionary development strategies
In October 2023, Atlas Copco has acquired William G Frank Medical Gas Testing and Consulting, LLC, a service and inspection supplier for medical gas systems, and Medical Gas Credentialing LLC, both based in Concord, New Hampshire, USA.
In July 2023, BeaconMedaes has announced the launch of its next-generation Automatic Manifold Changeover System, the MAT-S. The medical gas supply system combines a proven design with innovative new features to deliver premium performance and reliability as well as lower operational and maintenance costs.
Title 21 of 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)(drug portion of 21 CFR). 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
Medical Gas Suppliers/Distributors, Healthcare Industries, Government Agencies, Market and research Institutes, Potential Investors 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.