Medical Gas Equipment Market Size, Share & Forecast to 2029

Global Medical Gas Equipment Market Size, Share & Industry Trends Analysis Report By Product, By End Use, By Regional Outlook and Forecast, 2023 - 2029

Published Date: May-2023 | Number of Pages: 230 | Format: PDF | Report ID: KBV-15693

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Get in-depth analysis of the COVID-19 impact on the Medical Gas Equipment Market

Market Report Description

The Global Medical Gas Equipment Market size is expected to reach $3.7 billion by 2029, rising at a market growth of 7.8% CAGR during the forecast period.

The vacuum system/pumps emerged as the leader in the market by capturing approximately 25% share in 2020, as it was highly in use during COVID-19, and it can be used easily in homecare settings. People were unable to find beds in hospitals during COVID-19 which make it the boon for the people who were not able to get admitted to hospitals. For example, according to National Federation of Hospitalization at Home (FNEHAD), in France, 4,000 patients with COVID-19 were hospitalized at home during March and June 2020. This showcases 4% of the total hospitalizations, which is double of pre-pandemic. Some of the factors impacting the market are Rising adoption of POCD supporting market’s expansion, growing ageing population globally, and reducing reimbursement for respiratory therapies.

Medical Gas Equipment Market Size - Global Opportunities and Trends Analysis Report 2019-2029

Due to the increasing demand for oxygen therapy for COVID-19 patients as a result of the pandemic, there has been a rise in the demand for respiratory care equipment. The market has experienced significant growth, and many companies have launched novel, cutting-edge products to meet the expanding demand. Thus, the market has been positively impacted by the COVID-19 outbreak.

The market is anticipated to be greatly impacted by the rising incidence of respiratory disorders and the development of point-of-care diagnostics (POCD). Almost every country on earth is seeing an increase in the percentage of elderly people in the population. At this point, there are 1.4 billion people, up from 1 billion in 2020, who are 60 years of age or older. The demand for medical gas equipment is increasing due to the rising prevalence of respiratory diseases and disorders among the ageing population globally, driving the market's growth. However, Respiratory allergies, asthma, and COPD are becoming more prevalent globally. Treatment reimbursements are, however, declining. The market's forecasted growth may be impacted by the lack of coverage for respiratory disorders.

End-Use Outlook

By end-use, the market is bifurcated into hospitals, ambulatory surgical centers, home healthcare, pharmaceutical & biotechnology companies, diagnostic & research laboratories, and academic & research institutions. In 2022, the pharmaceutical & biotechnology companies segment garnered a significant revenue share in the market. This is brought on by the increased need for medicinal gases in drug discovery and development. The demand for medical gas equipment in this segment is driven by the critical function that medical gases play in producing pharmaceutical & biotechnology products.

Medical Gas Equipment Market Share and Industry Analysis Report 2022

Product Outlook

Based on product, the market is segmented into vacuum systems/pumps, manifolds, alarm systems, flowmeters, medical air compressors, cylinders & accessories, hose assemblies & valves, outlets, regulators, and masks. In 2022, the vacuum system/pumps segment held the highest revenue share in the market. High consumption rates and increased pricing are cited as contributing factors to the market's expansion. Vacuum systems and pumps are now required for the secure and effective delivery of medical gases as medical procedures become more complicated and diversified. Additionally, sophisticated machinery can deliver precise and dependable suction power.

Medical Gas Equipment Market Report Coverage
Report Attribute Details
Market size value in 2022 USD 2.2 Billion
Market size forecast in 2029 USD 3.7 Billion
Base Year 2022
Historical Period 2019 to 2021
Forecast Period 2023 to 2029
Revenue Growth Rate CAGR of 7.8% from 2023 to 2029
Number of Pages 230
Number of Table 360
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling
Segments covered Product, End-use, Region
Country scope US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Growth Drivers
  • Rising adoption of POCD supporting market’s expansion
  • Growing ageing population globally
  • Reducing reimbursement for respiratory therapies

Regional Outlook

Region wise, the market is analysed across North America, Europe, Asia Pacific and LAMEA. In 2022, the North America region led the market by generating the highest revenue share. The region is home to some of the largest manufacturers of medical gas equipment, which is largely responsible for the rising need for advanced healthcare infrastructure. Additionally fueling market expansion in this region are the rising geriatric population, rising healthcare costs, and the rising prevalence of chronic diseases.

Free Valuable Insights: Global Medical Gas Equipment Market size to reach USD 3.7 Billion by 2029

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Air Liquide S.A., Atlas Copco AB, Linde PLC, Allied Healthcare Products, Inc., Enovis Corporation, Powerex, Amico Group of Companies, GCE Holding AB (ESAB Corporation), Genstar Technologies Company Inc. and Rotarex S.A.

Scope of the Study

Market Segments Covered in the Report:

By Product

  • Vacuum Systems/Pumps
  • Manifolds
  • Alarm Systems
  • Cylinders & Accessories
  • Flowmeters
  • Medical Air Compressors
  • Hose Assemblies & Valves
  • Outlets
  • Regulators
  • Masks

By End-use

  • Hospitals
  • Pharmaceutical & Biotechnology Companies
  • Diagnostic & Research Laboratories
  • Academic & Research Institutions
  • Ambulatory Surgical Centers
  • Home Healthcare

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Air Liquide S.A.
  • Atlas Copco AB
  • Linde PLC
  • Allied Healthcare Products, Inc.
  • Enovis Corporation
  • Powerex
  • Amico Group of Companies
  • GCE Holding AB (ESAB Corporation)
  • Genstar Technologies Company Inc.
  • Rotarex S.A.

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Related Reports:

North America Market 2023-2029

Europe Market 2023-2029

Asia Pacific Market 2023-2029

LAMEA Market 2023-2029


The Market size is projected to reach USD 3.7 billion by 2029.

Rising adoption of POCD supporting market’s expansion are driving the Market in coming years, however, Reducing reimbursement for respiratory therapies restraints the growth of the Market.

Air Liquide S.A., Atlas Copco AB, Linde PLC, Allied Healthcare Products, Inc., Enovis Corporation, Powerex, Amico Group of Companies, GCE Holding AB (ESAB Corporation), Genstar Technologies Company Inc. and Rotarex S.A.

The expected CAGR of this Market is 7.8% from 2023 to 2029.

The Hospitals segment is leading the Market by End-use in 2022 thereby, achieving a market value of $1 billion by 2029.

The North America market dominated the Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1.3 billion by 2029.

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