The market for medical gas canisters is projected to grow at a CAGR of 5.5% from 2023 to 2032. The market is growing as a result of the escalating demand for medical gases from hospitals, home healthcare providers, university and research institutions, and the pharmaceutical and biotechnology industries. The increased general awareness of the benefits of medical gases is also contributing to the growth of this market. The market for medicinal oxygen tanks is projected to grow at a CAGR of 5.8% from 2023 to 2032. This market’s growth is attributable to the increasing demand for medical oxygen from healthcare facilities and residential uses. Additionally, as more people become aware of the benefits of using medicinal oxygen, the market is growing. During the forecast period, the worldwide market for nitrous oxide cylinders is anticipated to expand at a CAGR of 4%. Numerous uses for nitrous oxide include anaesthetics in dentistry and surgery, analgesics, food additives, propellants in whipped cream and aerosol cans, oxidizers in race vehicles, and more.
Product Definition:
A pressure vessel used to store and deliver medicinal gas is called a medical gas cylinder. Medical gases are used to cure patients in hospitals and other healthcare facilities.
The growing use of mobile clinics in rural regions to treat urgent medical issues is one of the primary reasons for the increase in demand for medical gas cylinders. An example of a pressure container used to hold and regulate gases at pressures higher than atmospheric is a gas cylinder or tank. The cylinder’s contained materials could take the shape of a supercritical fluid, compressed gas, vapour over liquid, or substance dissolved in a substrate. Medical gas cylinders are certified by governmental health organisations to meet a variety of requirements, including those for treatments, therapies, the production of drugs, and other uses. The use of some of these gases by authorities like the US FDA and others is necessary for production that is under control.
Application Insights:
Hospitals, home healthcare, universities/research organisations, pharmaceutical and biotechnology companies are just a few of the places where medical gases are used. Hospitals were the biggest application segment for medical gas cylinders in the world in 2014. (labs and clinics). Hospitals are to blame for this since they use more oxygen to treat patients. Due to the rising demand for hospital beds globally, it is also expected that the market for these products will grow over the forecast period. Home healthcare was another prominent segment accounting for a share of 28% in 2014 owing to rising awareness about the availability of advanced treatment facilities at home coupled with easy access due to the presence or proximity of a hospital or critical care facility nearby where patients can be referred by their primary health-care providers or general physicians from whom they can seek medical advice.
This report examines all the key factors influencing growth of global Medical Gas Cylinders market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Medical Gas Cylinders Market: Major Players
TECHMED Sp. z o.o.
Bristol Maid Hospital Metalcraft
ZIRC
Heltman Medikal AS
JMS – Mobiliario Hospitalar
Essex Industries
Attucho
BEMIS Health Care
Dentalytec
Heyer Aerotech
Allied Healthcare Products
ARCANIA
Meditech
Global Medical Gas Cylinders Market: Types
5L
10L
50L
Global Medical Gas Cylinders Market: Applications
For Oxygen Therapy
Emergency
Transport
Global Medical Gas Cylinders Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Medical Gas Cylinders market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Growth Factors:
- Increasing demand for medical gases in hospitals and clinics.
- Rising number of patients suffering from respiratory diseases.
- The growing popularity of home healthcare services.
- The proliferation of private diagnostic centers and laboratories.
- Technological advancements in medical gas cylinders.
Medical Gas Cylinders Market Research Report, Segmented by Types, is a recent study (Medical Oxygen, Medical Nitrous Oxide, Medical Air, Medical Helium, Others), By Applications (Hospitals (Labs & Clinics), Home Healthcare, Universities/Research Institutions, Pharmaceutical & Biotechnology Industries), By Players/Companies (Sinomatech, Worthington Industries, Luxfer Group, Everest Kanto Cylinders, Rama Cylinders, Faber Industrie, Praxair Technologies, CIMC ENRIC, Lianzhong Composites, Avanco Group, Ullit), and By Applications.
Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
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Reasons to Purchase the Medical Gas Cylinders Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
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