Europe Medical Gas Equipment Market size surpassed USD 725 million in 2021 and is estimated to expand at 5.8% CAGR between 2022 and 2028.

Medical gas equipments are installed across the healthcare settings including hospitals and clinics among others. These devices control the flow and ensure safe supply of various medical gases throughout the facility. Also, various medical gases such as oxygen, nitrogen, helium, carbon dioxide, nitrous oxide among others functions as an integral element in the diagnostic and therapeutic procedures.

Get more details on this report - Request Free Sample PDF

The market growth is owing to rising geriatric population, as they are susceptible to various respiratory disorders. Furthermore, lack of exercise, adoption of lifestyle habits such as smoking & consumption of tobacco are triggering the incidence rates of respiratory disorders. For instance, according to the World Health Organizations (WHO) regional office for Europe, population aged 85 years and above is estimated to reach 40 million by 2050. Therefore, increasing population base is expected to develop chronic disease such as asthma, lung cancer, cardiovascular disease among others.

Furthermore, increasing influence of home healthcare facilities that provide improved convenience for various respiratory diseases will drive the medical gas equipment market value in North America. Asthma and chronic obstructive pulmonary disorder (COPD) are the major diseases causing immobilization in patients. Thus, usage of respiratory therapy including oxygen therapy and airway management at homecare setting will increase the demand for respiratory devices in point of care diagnostics and home healthcare.

Europe Medical Gas Equipment Market, By Product

The manifolds segment exceeded USD 187.9 million revenue in 2021. Manifold systems play a major role in providing constant, uninterrupted supply of medical gas pressure to medical facilities pipeline systems. Manifold system provides primary flow of gas to the patients through relief valves, gauge, and regulators. Furthermore, increasing demand for medical gases in ambulatory surgical centers and hospital setting is anticipated to boost the market demand.

Europe Market, By End-use

The hospital end-use segment size in the Europe medical gas equipment market was more than USD 271.6 million in 2021, due to the increasing geriatric population base that require continuous monitoring across the region. Large patient pool prefers hospitals for the treatment of various chronic respiratory disease and other respiratory disease. Also, people suffering from chronic disease requires constant oxygen support while undergoing surgical procedure.

Europe Market, By Country

Germany medical gas equipment market accounted for USD 204.3 million revenue in 2021, owing to the increasing demand for medical gas equipments is attributed to high disposable income along with increased healthcare spending. Also, availability of advanced healthcare infrastructure in Germany is expected to boost the country level market growth. Furthermore, the strong foothold of major market players in the country such as Drägerwerk AG & Co. KGaA and Linde plc, among others will boost the market expansion. Also, higher adoption rate of advanced technological equipments in the country is set to fuel the industry growth.

Competitive Industry Landscape

Some of the leading companies operating in the Europe medical gas equipment market are Drägerwerk AG & Co. KGaA, Linde plc, Rotarex S.A., GCE Group (a part of Colfax Corporation), Atlas Copco Group (BEACONMEDAES), and Air Liquide S.A. Companies adopt various organic and inorganic growth strategies such as mergers, acquisition, partnership, novel product launch to consolidate their market position and strengthen their regional penetration.