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Global Medical Gas Market to reach USD 19.36 billion by 2027.

Global Medical Gas Market Size study, by Product (Pure Gases, Gas Mixtures), by Equipment (Medical Air Compressors, Cylinders, Outlets, Regulators and Others), by Application (Therapeutic, Diagnostic and Others) and Regional Forecasts 2021-2027

Product Code: HLSMDE-89598442
Publish Date: 20-09-2021
Page: 200

Global Medical Gas Market is valued approximately at USD 10.59 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9% over the forecast period 2021-2027. Medical Gas is packaged, manufactured, and supplied to a patient for therapeutic, anesthetic, or diagnostic purposes. The global Medical Gas market is driven by rising healthcare expenditure in developed countries such as U.S. and U.K. For instance, according to Statista, total healthcare expenditure in the United Kingdom has increased from USD 280.52 billion in 2017 to USD 311.35 billion in 2019. Also, U.S. national health expenditure as percentage of GDP is projected to reach from 18.2% in 2021 to 19.7% by 2028. Another important driving factor is the rising demand for home care around the world. Furthermore, supportive government initiatives to healthcare, high admission in hospitals and increasing prevalence of diseases such as cancer, respiratory disorders, sleep apnea disease and others will provide new opportunities for the global Medical Gas industry. However, high cost of medical gases and strict government regulations may impede market growth over the forecast period of 2021-2027.

The regional analysis for the global Medical Gas Market is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share due to presence of established players, high healthcare expenditure coupled with the well-established healthcare infrastructure in the region. Whereas Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to rising personal disposable income, rising prevalence of diseases, increase in healthcare spending and supportive government initiatives in the region.

Major market player included in this report are:
The Linde Group
Airgas, Inc.
BeaconMedaes
Medical Gas Solutions Ltd.
Air Products and Chemicals
Praxair, Inc.
Air Liquide
Matheson Tri-Gas
Taiyo Nippon Sanso Corp.
Atlas Copco

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Pure Gases
Gas Mixtures
By Equipment:
Medical Air Compressors
Cylinders
Outlets
Regulators
Others
By Application:
Therapeutic
Diagnostic
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Medical Gas Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Medical Gas Market, by region, 2019-2027 (USD Billion)
1.2.2. Medical Gas Market, by Product, 2019-2027 (USD Billion)
1.2.3. Medical Gas Market, by Equipment, 2019-2027 (USD Billion)
1.2.4. Medical Gas Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medical Gas Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medical Gas Market Dynamics
3.1. Medical Gas Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing healthcare expenditure in developed countries such as U.S. and U.K.
3.1.1.2. Rising adoption of health insurance by consumers around the world
3.1.2. Market Restraint
3.1.2.1. High cost of medical gases
3.1.2.2. Strict government regulations
3.1.3. Market Opportunities
3.1.3.1. Increasing government support to healthcare
3.1.3.2. High adoption of advanced health technologies
Chapter 4. Global Medical Gas Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Gas Market, by Product
5.1. Market Snapshot
5.2. Global Medical Gas Market by Product, Performance – Potential Analysis
5.3. Global Medical Gas Market Estimates & Forecasts by Product 2018-2027 (USD Billion)
5.4. Medical Gas Market, Sub Segment Analysis
5.4.1. Pure Gases
5.4.2. Gas Mixtures
Chapter 6. Global Medical Gas Market, by Equipment
6.1. Market Snapshot
6.2. Global Medical Gas Market by Equipment, Performance – Potential Analysis
6.3. Global Medical Gas Market Estimates & Forecasts by Equipment 2018-2027 (USD Billion)
6.4. Medical Gas Market, Sub Segment Analysis
6.4.1. Medical Air Compressors
6.4.2. Cylinders
6.4.3. Outlets
6.4.4. Regulators
6.4.5. Others
Chapter 7. Global Medical Gas Market, by Application
7.1. Market Snapshot
7.2. Global Medical Gas Market by Application, Performance – Potential Analysis
7.3. Global Medical Gas Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.4. Medical Gas Market, Sub Segment Analysis
7.4.1. Therapeutic
7.4.2. Diagnostic
7.4.3. Others
Chapter 8. Global Medical Gas Market, Regional Analysis
8.1. Medical Gas Market, Regional Market Snapshot
8.2. North America Medical Gas Market
8.2.1. U.S. Medical Gas Market
8.2.1.1. Product breakdown estimates & forecasts, 2018-2027
8.2.1.2. Equipment breakdown estimates & forecasts, 2018-2027
8.2.1.3. Application breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Medical Gas Market
8.3. Europe Medical Gas Market Snapshot
8.3.1. U.K. Medical Gas Market
8.3.2. Germany Medical Gas Market
8.3.3. France Medical Gas Market
8.3.4. Spain Medical Gas Market
8.3.5. Italy Medical Gas Market
8.3.6. Rest of Europe Medical Gas Market
8.4. Asia-Pacific Medical Gas Market Snapshot
8.4.1. China Medical Gas Market
8.4.2. India Medical Gas Market
8.4.3. Japan Medical Gas Market
8.4.4. Australia Medical Gas Market
8.4.5. South Korea Medical Gas Market
8.4.6. Rest of Asia Pacific Medical Gas Market
8.5. Latin America Medical Gas Market Snapshot
8.5.1. Brazil Medical Gas Market
8.5.2. Mexico Medical Gas Market
8.6. Rest of The World Medical Gas Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. The Linde Group
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Airgas, Inc.
9.2.3. BeaconMedaes
9.2.4. Medical Gas Solutions Ltd.
9.2.5. Air Products and Chemicals
9.2.6. Praxair, Inc.
9.2.7. Air Liquide
9.2.8. Matheson Tri-Gas
9.2.9. Taiyo Nippon Sanso Corp.
9.2.10. Atlas Copco
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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