Medical Gas Market Scope 2031
The Medical Gas Market is expected to register a CAGR of 8.1% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by By Product (Pure Gases, Gas Mixtures, Medical Gas Equipment); Application (Therapeutic Applications, Pharmaceutical Manufacturing and Research, Diagnostic Applications); End User (Hospitals, Home Healthcare, Pharmaceutical and Biotechnology Companies, Academic and Research Institutions, Emergency Services). The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Medical Gas Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Medical Gas Market Segmentation
Product- Pure Gases
- Gas Mixtures
- Medical Gas Equipment
- Therapeutic Applications
- Pharmaceutical Manufacturing and Research
- Diagnostic Applications
- Hospitals
- Home Healthcare
- Pharmaceutical and Biotechnology Companies
- Academic and Research Institutions
- Emergency Services
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Medical Gas Market Growth Drivers- Increased Surgical Volume: the ageing population and changing lifestyles has increased the health concerns among large populations globally increasing the number of surgical interventions including elective surgeries, minimally invasive procedures and complex surgeries. With increasing number of surgeries, the need for anesthetic gases such as nitrous oxide, gases for the drills and several inhalational anesthetics increases.
- Rising Incidences of Chronic Diseases: Chronic ailments such as asthma, COPD, heart complications, diabetes, cancer among other diseases are increasing rapidly among large populations, especially older generations, changing lifestyle, and other environmental factors. The increasing patient population has increased the demand for surgical intervention for the treatment of such conditions and is expected to create demand for medical gases during these procedures.
- Increased Focus on Patient Safety and Comfort: the increasing focus on the development of healthcare services and patient experience during the procedures has increased the demand for medical gases. This helps in the anesthesia and sedation during procedures to ensure the safety and efficacy of the procedures. Moreover, the patient care services, however, make the majority of health care workers deem the health provision geared towards the patients themselves. This element involves providing and maintaining safety and comfort to the patients while they are being treated at the facility. The administration of medical gases for this reason is also a very important element of this one.
- Advances in Medicine Technology: Advances in surgical technique and technologies, especially the use of robotics-assisted surgeries, increase the number of procedures performed. Medical gases support all anesthetists and surgical teams. The innovation in monitoring and control systems for gas supply and safety will ensure that medical gas systems become more reliable and efficient.
- Rising Awareness of Home Healthcare: Home healthcare demand is rising with the increasing popularity of home healthcare, but a portable medical gas delivery system like an oxygen therapy-based system also seems to be gaining importance. Treatment in a home setting is also more affordable than in a hospital, providing both care providers and insurers with an economic incentive for supporting home-based options, such as the use of medical gases for treatment.
- Expansion of Healthcare Facilities: New hospitals and outpatient surgical centers will be developed, which will be requiring more medical gases like oxygen, nitrous oxide and medical air. In addition, a surge in development of Ambulatory Surgical Centers will result because these centers will require medical gases for many procedures that are performed on outpatients.
- Increasing Investment in Healthcare Facilities: Currently, healthcare infrastructure attracts a lot of funding from both the government and private sector. Hospitals and the new facilities are expected to increase the demand for medical gases further. In addition to that, the governments have been increasing the health budgets and widening their coverage to everyone. There are opportunities for companies to benefit from the health programs pursued by healthcare system to provide medical gases in the public health facilities.
- Global Health Initiatives: Health programs and projects at the international level are followed by improvement in the access and quality of health care services and hence increasing the medical gases’ demand in the various regions and particularly in this case of developing countries. The rehabilitation of health facilities in poor countries by international organizations will give rise to the health care medical gas business which includes provision of tanks, pipelines and delivery systems.
- Emerging Economies: The rising income levels and awareness about health lead to the growth of the healthcare market in emerging economies and therefore the consumption of medical gases is also higher. The investments in the healthcare infrastructure developments in the emerging economies are making the demand for hospitals, clinic, and health systems construction unlike any other strategies, It helps in competitive advantages.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Medical Gas Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Medical Gas Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Medical Gas Market is estimated to witness a CAGR of 8.1% from 2023 to 2031
The major factors driving the medical gas market are:
1.Increasing prevelance of chronic diosrders
2. Increasing number of surgical procedures
3. Increased focus on patient safety and comfort
North America region dominated the medical gas market in 2023
Asia Pacific region dominated the medical gas market in 2023
The Pure Gases segment accounts for highest revenue in type sgement in 2023
Air Liquide, Linde GasPraxair Inc., Deagaer, Atlas Copco, Air Products and Chemicals, Inc., Matheson Tri-Gas Inc., Medical Gas Solutions, Airgas, Inc., Messer Group are are some of the major market players operating in the market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Medical Gas Market - By Product
1.3.2 Medical Gas Market - By Application
1.3.3 Medical Gas Market - By End User
1.3.4 Medical Gas Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL GAS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MEDICAL GAS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MEDICAL GAS MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL GAS - GLOBAL MARKET OVERVIEW
6.2. MEDICAL GAS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MEDICAL GAS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PURE GASES
7.3.1. Overview
7.3.2. Pure Gases Market Forecast and Analysis
7.3.3. Oxygen Market
7.3.3.1. Overview
7.3.3.2. Oxygen Market Forecast and Analysis
7.3.4. Carbon Dioxide Market
7.3.4.1. Overview
7.3.4.2. Carbon Dioxide Market Forecast and Analysis
7.3.5. Nitrogen Market
7.3.5.1. Overview
7.3.5.2. Nitrogen Market Forecast and Analysis
7.3.6. Nitrous Oxide Market
7.3.6.1. Overview
7.3.6.2. Nitrous Oxide Market Forecast and Analysis
7.3.7. Helium Market
7.3.7.1. Overview
7.3.7.2. Helium Market Forecast and Analysis
7.4. GAS MIXTURES
7.4.1. Overview
7.4.2. Gas Mixtures Market Forecast and Analysis
7.4.3. Carbon Dioxide Oxygen Mixtures Market
7.4.3.1. Overview
7.4.3.2. Carbon Dioxide Oxygen Mixtures Market Forecast and Analysis
7.4.4. Oxygen-Nitrous Oxide Mixtures Market
7.4.4.1. Overview
7.4.4.2. Oxygen-Nitrous Oxide Mixtures Market Forecast and Analysis
7.4.5. Ethylene Oxide Market
7.4.5.1. Overview
7.4.5.2. Ethylene Oxide Market Forecast and Analysis
7.4.6. Oxyfume 2000 Market
7.4.6.1. Overview
7.4.6.2. Oxyfume 2000 Market Forecast and Analysis
7.4.7. Helium Oxygen Mixtures Market
7.4.7.1. Overview
7.4.7.2. Helium Oxygen Mixtures Market Forecast and Analysis
7.4.8. Others Market
7.4.8.1. Overview
7.4.8.2. Others Market Forecast and Analysis
7.5. MEDICAL GAS EQUIPMENT
7.5.1. Overview
7.5.2. Medical Gas Equipment Market Forecast and Analysis
7.5.3. Manifolds Market
7.5.3.1. Overview
7.5.3.2. Manifolds Market Forecast and Analysis
7.5.4. Vacuum Systems Market
7.5.4.1. Overview
7.5.4.2. Vacuum Systems Market Forecast and Analysis
7.5.5. Alarm Systems Market
7.5.5.1. Overview
7.5.5.2. Alarm Systems Market Forecast and Analysis
7.5.6. Flowmeters Market
7.5.6.1. Overview
7.5.6.2. Flowmeters Market Forecast and Analysis
7.5.7. Medical Air Compressors Market
7.5.7.1. Overview
7.5.7.2. Medical Air Compressors Market Forecast and Analysis
7.5.8. Cylinders Market
7.5.8.1. Overview
7.5.8.2. Cylinders Market Forecast and Analysis
7.5.9. Hose Assemblies and Valves Outlets Market
7.5.9.1. Overview
7.5.9.2. Hose Assemblies and Valves Outlets Market Forecast and Analysis
7.5.10. Others Market
7.5.10.1. Overview
7.5.10.2. Others Market Forecast and Analysis
8. MEDICAL GAS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. THERAPEUTIC APPLICATIONS
8.3.1. Overview
8.3.2. Therapeutic Applications Market Forecast and Analysis
8.3.3. Cardiovascular Therapies Market
8.3.3.1. Overview
8.3.3.2. Cardiovascular Therapies Market Forecast and Analysis
8.3.4. Respiratory Therapies Market
8.3.4.1. Overview
8.3.4.2. Respiratory Therapies Market Forecast and Analysis
8.3.5. Anesthesia Delivery Market
8.3.5.1. Overview
8.3.5.2. Anesthesia Delivery Market Forecast and Analysis
8.3.6. Cryosurgery Market
8.3.6.1. Overview
8.3.6.2. Cryosurgery Market Forecast and Analysis
8.3.7. Others Market
8.3.7.1. Overview
8.3.7.2. Others Market Forecast and Analysis
8.4. PHARMACEUTICAL MANUFACTURING AND RESEARCH
8.4.1. Overview
8.4.2. Pharmaceutical Manufacturing and Research Market Forecast and Analysis
8.4.3. Drug Discovery Market
8.4.3.1. Overview
8.4.3.2. Drug Discovery Market Forecast and Analysis
8.4.4. Pharmaceutical Manufacturing Market
8.4.4.1. Overview
8.4.4.2. Pharmaceutical Manufacturing Market Forecast and Analysis
8.4.5. Process Development Market
8.4.5.1. Overview
8.4.5.2. Process Development Market Forecast and Analysis
8.4.6. Quality Control Market
8.4.6.1. Overview
8.4.6.2. Quality Control Market Forecast and Analysis
8.5. DIAGNOSTIC APPLICATIONS
8.5.1. Overview
8.5.2. Diagnostic Applications Market Forecast and Analysis
8.5.3. Medical Imaging Market
8.5.3.1. Overview
8.5.3.2. Medical Imaging Market Forecast and Analysis
8.5.4. General Laboratory Applications Market
8.5.4.1. Overview
8.5.4.2. General Laboratory Applications Market Forecast and Analysis
8.5.5. Others Market
8.5.5.1. Overview
8.5.5.2. Others Market Forecast and Analysis
9. MEDICAL GAS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. HOME HEALTHCARE
9.4.1. Overview
9.4.2. Home Healthcare Market Forecast and Analysis
9.5. PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES
9.5.1. Overview
9.5.2. Pharmaceutical and Biotechnology Companies Market Forecast and Analysis
9.6. ACADEMIC AND RESEARCH INSTITUTIONS
9.6.1. Overview
9.6.2. Academic and Research Institutions Market Forecast and Analysis
9.7. EMERGENCY SERVICES
9.7.1. Overview
9.7.2. Emergency Services Market Forecast and Analysis
10. MEDICAL GAS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Medical Gas Market Overview
10.1.2 North America Medical Gas Market Forecasts and Analysis
10.1.3 North America Medical Gas Market Forecasts and Analysis - By Product
10.1.4 North America Medical Gas Market Forecasts and Analysis - By Application
10.1.5 North America Medical Gas Market Forecasts and Analysis - By End User
10.1.6 North America Medical Gas Market Forecasts and Analysis - By Countries
10.1.6.1 United States Medical Gas Market
10.1.6.1.1 United States Medical Gas Market by Product
10.1.6.1.2 United States Medical Gas Market by Application
10.1.6.1.3 United States Medical Gas Market by End User
10.1.6.2 Canada Medical Gas Market
10.1.6.2.1 Canada Medical Gas Market by Product
10.1.6.2.2 Canada Medical Gas Market by Application
10.1.6.2.3 Canada Medical Gas Market by End User
10.1.6.3 Mexico Medical Gas Market
10.1.6.3.1 Mexico Medical Gas Market by Product
10.1.6.3.2 Mexico Medical Gas Market by Application
10.1.6.3.3 Mexico Medical Gas Market by End User
10.2. EUROPE
10.2.1 Europe Medical Gas Market Overview
10.2.2 Europe Medical Gas Market Forecasts and Analysis
10.2.3 Europe Medical Gas Market Forecasts and Analysis - By Product
10.2.4 Europe Medical Gas Market Forecasts and Analysis - By Application
10.2.5 Europe Medical Gas Market Forecasts and Analysis - By End User
10.2.6 Europe Medical Gas Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Medical Gas Market
10.2.6.1.1 Germany Medical Gas Market by Product
10.2.6.1.2 Germany Medical Gas Market by Application
10.2.6.1.3 Germany Medical Gas Market by End User
10.2.6.2 France Medical Gas Market
10.2.6.2.1 France Medical Gas Market by Product
10.2.6.2.2 France Medical Gas Market by Application
10.2.6.2.3 France Medical Gas Market by End User
10.2.6.3 Italy Medical Gas Market
10.2.6.3.1 Italy Medical Gas Market by Product
10.2.6.3.2 Italy Medical Gas Market by Application
10.2.6.3.3 Italy Medical Gas Market by End User
10.2.6.4 Spain Medical Gas Market
10.2.6.4.1 Spain Medical Gas Market by Product
10.2.6.4.2 Spain Medical Gas Market by Application
10.2.6.4.3 Spain Medical Gas Market by End User
10.2.6.5 United Kingdom Medical Gas Market
10.2.6.5.1 United Kingdom Medical Gas Market by Product
10.2.6.5.2 United Kingdom Medical Gas Market by Application
10.2.6.5.3 United Kingdom Medical Gas Market by End User
10.2.6.6 Rest of Europe Medical Gas Market
10.2.6.6.1 Rest of Europe Medical Gas Market by Product
10.2.6.6.2 Rest of Europe Medical Gas Market by Application
10.2.6.6.3 Rest of Europe Medical Gas Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Medical Gas Market Overview
10.3.2 Asia-Pacific Medical Gas Market Forecasts and Analysis
10.3.3 Asia-Pacific Medical Gas Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Medical Gas Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Medical Gas Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Medical Gas Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Medical Gas Market
10.3.6.1.1 Australia Medical Gas Market by Product
10.3.6.1.2 Australia Medical Gas Market by Application
10.3.6.1.3 Australia Medical Gas Market by End User
10.3.6.2 China Medical Gas Market
10.3.6.2.1 China Medical Gas Market by Product
10.3.6.2.2 China Medical Gas Market by Application
10.3.6.2.3 China Medical Gas Market by End User
10.3.6.3 India Medical Gas Market
10.3.6.3.1 India Medical Gas Market by Product
10.3.6.3.2 India Medical Gas Market by Application
10.3.6.3.3 India Medical Gas Market by End User
10.3.6.4 Japan Medical Gas Market
10.3.6.4.1 Japan Medical Gas Market by Product
10.3.6.4.2 Japan Medical Gas Market by Application
10.3.6.4.3 Japan Medical Gas Market by End User
10.3.6.5 South Korea Medical Gas Market
10.3.6.5.1 South Korea Medical Gas Market by Product
10.3.6.5.2 South Korea Medical Gas Market by Application
10.3.6.5.3 South Korea Medical Gas Market by End User
10.3.6.6 Rest of Asia-Pacific Medical Gas Market
10.3.6.6.1 Rest of Asia-Pacific Medical Gas Market by Product
10.3.6.6.2 Rest of Asia-Pacific Medical Gas Market by Application
10.3.6.6.3 Rest of Asia-Pacific Medical Gas Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Medical Gas Market Overview
10.4.2 Middle East and Africa Medical Gas Market Forecasts and Analysis
10.4.3 Middle East and Africa Medical Gas Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Medical Gas Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Medical Gas Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Medical Gas Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Medical Gas Market
10.4.6.1.1 South Africa Medical Gas Market by Product
10.4.6.1.2 South Africa Medical Gas Market by Application
10.4.6.1.3 South Africa Medical Gas Market by End User
10.4.6.2 Saudi Arabia Medical Gas Market
10.4.6.2.1 Saudi Arabia Medical Gas Market by Product
10.4.6.2.2 Saudi Arabia Medical Gas Market by Application
10.4.6.2.3 Saudi Arabia Medical Gas Market by End User
10.4.6.3 U.A.E Medical Gas Market
10.4.6.3.1 U.A.E Medical Gas Market by Product
10.4.6.3.2 U.A.E Medical Gas Market by Application
10.4.6.3.3 U.A.E Medical Gas Market by End User
10.4.6.4 Rest of Middle East and Africa Medical Gas Market
10.4.6.4.1 Rest of Middle East and Africa Medical Gas Market by Product
10.4.6.4.2 Rest of Middle East and Africa Medical Gas Market by Application
10.4.6.4.3 Rest of Middle East and Africa Medical Gas Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Medical Gas Market Overview
10.5.2 South and Central America Medical Gas Market Forecasts and Analysis
10.5.3 South and Central America Medical Gas Market Forecasts and Analysis - By Product
10.5.4 South and Central America Medical Gas Market Forecasts and Analysis - By Application
10.5.5 South and Central America Medical Gas Market Forecasts and Analysis - By End User
10.5.6 South and Central America Medical Gas Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Medical Gas Market
10.5.6.1.1 Brazil Medical Gas Market by Product
10.5.6.1.2 Brazil Medical Gas Market by Application
10.5.6.1.3 Brazil Medical Gas Market by End User
10.5.6.2 Argentina Medical Gas Market
10.5.6.2.1 Argentina Medical Gas Market by Product
10.5.6.2.2 Argentina Medical Gas Market by Application
10.5.6.2.3 Argentina Medical Gas Market by End User
10.5.6.3 Rest of South and Central America Medical Gas Market
10.5.6.3.1 Rest of South and Central America Medical Gas Market by Product
10.5.6.3.2 Rest of South and Central America Medical Gas Market by Application
10.5.6.3.3 Rest of South and Central America Medical Gas Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MEDICAL GAS MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MEDICAL GAS MARKET, KEY COMPANY PROFILES
13.1. AIR LIQUIDE
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. LINDE GAS
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. PRAXAIR INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. ATLAS COPCO
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. AIR PRODUCTS AND CHEMICALS, INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MATHESON TRI-GAS INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MEDICAL GAS SOLUTIONS
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. AIRGAS, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. MESSER GROUP
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. BEACONMEDAES
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Air Liquide
2. Linde Gas
3. Praxair Inc.
4. Deagaer
5. Atlas Copco
6. Air Products and Chemicals, Inc.
7. Matheson Tri-Gas Inc.
8. Medical Gas Solutions
9. Airgas, Inc.
10. Messer Group
11. BeaconMedaes
12. Sol-Spa
13. Messer Group Gmbh
14. Taiyo Nippon Sanso
15. GCE Holding AB
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For