Medical Gas Supply System Market Scope
Medical Gas Supply Systems are utilized in hospitals and healthcare facilities to supply specialized gases and gas mixtures to various parts of healthcare facilities. It delivers medical gases, medical air from source of supply to the terminal unit by means of a pipeline distribution system. Various products handled by the system include oxygen, medical air, nitrous oxide, nitrogen, carbon dioxide, medical vacuum, waste anaesthetic gas disposal, or anesthetic gas scavenging system. Gases such as oxygen is required for resuscitation and inhalation therapy in every healthcare setting; carbon dioxide is used in less invasive surgeries; and nitrogen is primarily used for powering surgical tools and other equipment. Increasing demand for medical gas among the rising geriatric population drives the medical gas supply system market. Key competitors such as Praxair and Novair Medical engage in various strategic activities to establish market dominance.
|Unit||Value (USD Million)|
|Key Companies Profiled||Praxiar (United States), Silbermann (Israel), Woodmans LLC (United Kingdom), BeaconMedaes LLC (United States), Drägerwerk AG & Co. KGaA (Germany), Air Liquide Healthcare (France), TLV (France), AMCAREMED TECHNOLOGY Co., LIMITED (China), Novair Medical (France) and Intaka Tech (South Africa)|
Major competitors present in the medical gas supply system market engage in new and enhanced product launches, acquisitions, and upgradation in the current offerings to stay abreast with market trends. For instance, in May 2022, Novair acquired Air Compressor manufacturer America Energy, thereby expanding and strengthening its global presence. Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Medical Gas Supply System market throughout the predicted period.
Praxiar (United States), Silbermann (Israel), Woodmans LLC (United Kingdom), BeaconMedaes LLC (United States), Drägerwerk AG & Co. KGaA (Germany), Air Liquide Healthcare (France), TLV (France), AMCAREMED TECHNOLOGY Co., LIMITED (China), Novair Medical (France) and Intaka Tech (South Africa) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are GCE Group (Sweden) and Airgas, Inc. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Medical Gas Supply System market by Type , by Application (Therapeutic, Diagnostics and Pharmaceutical Manufacturing) and Region with country level break-up.
On the basis of geography, the market of Medical Gas Supply System 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). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn May 2021, Atlas Copco acquired the operating assets of Medigas Service & Testing Co. Inc. The company is engaged in servicing, selling, verifying, and installing of piped medical and laboratory gas equipment and systems. The business will be integrated into BeaconMedaes LLC, a part of the Medical Gas Solutions Division.
In June 2021, Intaka tech expanded on its extensive medical gas pipeline system project where it has provided over 8 km of medical gas piping and a 72kg/hr Oxygen Generation System to the Malawian Ministry of Health.
Centre for Drug Evaluation and Research and the U.S. Food and Drug Administration regulates the decisions related to medical gases and their associated equipment. These organizations govern practices and procedures for compressed medical gas fillers that constitute acceptable means of complying with good manufacturing practices and regulations for drug products. The guidelines include equipment design, size, location; testing and approval or rejection of components; drug product containers and closures; as well as labeling issuance, packaging, labeling operations, and distribution.
Influencing Trend:Increasing Income and Rapid Urbanization Leading to Rise in Demand for Medical Gas Equipment
Market Growth Drivers:Rising Incidence of Respiratory Diseases and Associated Complications and Favorable Government Initiatives and Increased Healthcare Expenditure
Challenges:The dearth of Experienced Healthcare Professionals and Stringent Regulatory Framework for Medical Gas Systems
Restraints:Lack of Federal Reimbursements for Respiratory Therapies
Opportunities:Advancements in Medical Technology and Rising Expenditure in Primary Healthcare Facilities
Key Target AudienceMedical Gas System Manufacturers, Raw Material Suppliers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others