Medical Gas Equipment Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Competitive Scenario and Forecasts, 2012 to 2020

Industry Insights

Implementation of the U.S. FDA (Food and Drug Administration) Safety and Innovation Act in July 2012 eliminates drug user fee for medical gases and equipment is the most important driver of medical gas equipment market. This act will maximize profit margins, help manufacturers to control the costs and register for IPR (intellectual property rights) for novel products. Increasing demand for this equipment is expected to boost market growth by helping manufacturers establish an ancillary market and expand patient bases. In addition, growing geriatric population base and the consequent rise in target diseases prevalence such as respiratory disorders are expected to drive medical gas equipment market in the coming six years. Furthermore, growing demand for home healthcare and point of care markets and the subsequent introduction of portable medical devices are expected to boost the demand for medical gas equipment by resulting a rise in demand for packaged medical grade gases (such as oxygen).

The world is currently being threatened by rapidly depleting Helium reserves. The contributions of Helium as an MRI coolant and in the field of Cryogenics are indispensable and a shortage in supply of this gas is expected to impede medical gas equipment market growth by causing a drop in demand for medical gases. Key market players include Matheson Tri-Gas Inc., Air Liquide, Air Products and Chemicals Inc., Praxair Inc., Air Gas Inc. and Linde Gas. Air Liquide held the largest share of the global medical gases and equipment market in 2013 at over 21.0%. The presence of an extensive product portfolio facilitating the company to provide to a larger customers and its wide presence in emerging markets such as China and India are some factors contributing to its large share.

Product Insights

Medical gas equipment product segment includes manifolds, outlets, cylinders, regulators, flow meters, alarm systems, hose assemblies & valves, masks, medical air...