Global Medical Gas
Market Report
2025
Medical Gas was valued at USD 12.7 billion in 2022 and is projected to reach USD 23.8 billion by 2030, registering a CAGR of 8.2% for 2023-2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The global Medical Gas was valued at USD 12.7 billion in 2022 and is projected to reach USD 23.8 billion by 2030, registering a CAGR of 8.2% for 2023-2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Medical Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 8.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Gas Mixtures |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Medical Gas industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Medical Gas Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Medical Gases are gases used in medical procedures. Some are used for anesthesia, and some for driving medical devices and tools. There are 7 kinds of gases commonly used; oxygen, nitrogen, nitrous oxide, argon, helium, carbon dioxide, and compressed air. The need for medical gases is driven by the increasing prevalence of Chronic Respiratory Diseases (CRDs), such as pulmonary hypertension, chronic obstructive pulmonary disease, occupational lung diseases, and asthma. WHO data states that more than 3.0 million people die each year from chronic obstructive pulmonary disease(COPD), accounting for approximately 6% of deaths worldwide. Medical gases such as oxygen, lung gas mixtures, and heliox are used in the treatment and diagnosis of these respiratory disorders.
Market Dynamics of the Medical Gas MarketIncreasing Demand for Healthcare Services:
The growing global population and aging demographics are leading to a higher demand for healthcare services, including surgical procedures, emergency care, and chronic disease management. Medical gases are an integral part of these services, as they are used for anesthesia, respiratory support, and other medical procedures. Furthermore, the rising healthcare expenditure from public and private authorities and increasing demand for advanced medical gas equipment such as vacuum systems are also expected to fuel the market. Moreover, the increase in chronic disease and the use of healthcare applications has also led to a rise in the healthcare market.
Chronic diseases such as respiratory disorders, cardiovascular diseases, and cancer are increasing globally. Medical gases play a crucial role in the treatment and management of these conditions, due to increases in chronic diseases including chronic respiratory diseases like asthma and pulmonary hypertension further driving the demand for medical gases systems. With changes in lifestyle and eating habits, the number of people suffering from obesity and related disorders increased. According to WHO, in 2019 more than 1.9 billion adults were reportedly overweight. This has increased the prevalence of chronic disease.
Restraining Factors
Some medical gases, such as nitrous oxide, have significant environmental impacts. Growing awareness of environmental sustainability may lead to restrictions or stricter regulations on the use of certain medical gases, posing additional restraining factors.
Helium is widely used for a number of applications, such as in medical imaging and different procedures. Currently, medical applications such as MRI accounts for the majority share of helium production. Since the early 1960s, the US government stored helium in the federal helium reserve, of helium production which proved hazardous to the environment. However, in 2012 the US government planned to shut down the reserve. This legislation emphasized that helium from the reserve should be drawn down at a slower rate and at higher prices to facilitate a smoother transition and prevent the rapid decline in the price of helium in the global market.
Impact of the COVID-19 Pandemic on the Medical Gas Market:
The COVID-19 epidemic had a significant influence on the medical gas companies. With the beginning of COVID-19, it was discovered that healthcare services were underfunded and overworked. Both the need for medical gases and related equipment has increased recently. According to reports, a number of administrations have approved the construction of temporary medical facilities and upgrades to the infrastructure. However, the limitations on the movement of people and goods disrupted supply chains, which had a slight effect on industrial progress. During the short-term forecast period, the market is projected to gradually pick up steam as conditions stabilize and global commerce begins to improve.
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October 2020
Rotarex Meditec, the medical business unit launches the Alpinox pressure regulator for medical gases so that it can be safely delivered to the patient. Moreover, it also provides high-quality medical gas control devices for efficient patient therapies. It also offers one of the industry’s most complete ranges of medical gas distribution equipment and is the world's reference for medical cylinder valves. Rotarex Meditec customers receive the products and services they need wherever they are.
Top Companies Market Share in Medical Gas Industry: (In no particular order of Rank)
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North America held the largest share of the market
Based on region medical gas market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa
The medical gas market was dominated by North America, which had a 35.9% revenue share in 2021 and is anticipated to increase at a significant rate over the forecast period. The increased use of medicinal gases in the treatment of respiratory conditions including COPD and asthma is responsible for this consistent growth. During the anticipated timeframe, the demand for medical gases in the U.S. increased due to the increased prevalence of COPD, asthma, and other medical illnesses like cardiovascular and lifestyle-related diseases. Additionally, the U.S. has captured the largest share of the market because of the availability of state-of-the-art healthcare facilities, notably intensive care units, a well-established market, and a growing geriatric population.
The current report Scope analyzes Medical Gas Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Medical Gas Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Gas Industry growth. Medical Gas market has been segmented with the help of its Product Type, Application Gas Mixtures, and others. Medical Gas market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The oxygen segment is expected to witness the highest revenue in the Market
On the basis of product type, the medical gas market can be segmented into Oxygen, Nitrous Oxide, Nitrogen, carbon dioxide, and Helium. Among the type of pure and natural gases used in medical gas, oxygen is highly demanded. Growth in this segment can mainly be attributed to the presence of a large patient base suffering from respiratory diseases. It is expected to have the highest CAGR of 8.2% during the forecast period. Oxygen is a base for all modern anesthetic procedures and life support for artificially ventilated patients because it plays such an important part in respiratory support. In severe conditions such as cyanosis, COPD, shock, severe bleeding, respiratory or cardiac arrest, and significant trauma.
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Therapeutic applications segmented to hold the largest market share
Medical gas can be segmented based on application into Therapeutic, Diagnostics, Pharmaceutical Manufacturing, and Others. Owing to the broad range of medical gas used to treat and manage various disease conditions. Therapeutic gases like oxygen, medical air, nitric oxide, carbon dioxide, and mixtures of helium and oxygen are mainly used. Medical oxygen is widely used in all healthcare settings, from anesthesia to inhalation therapy. Medical nitrous oxide is used for anesthesia, pain relief, inflating the abdominal cavities during laparoscopy, and refrigerant in cryosurgery. Carbon dioxide is frequently utilized as an insufflation gas to widen and stabilize body cavities in order to enhance the visibility of the operating area. Thus, therapeutic gases with varied usage and diagnostic property are expected to propel segment growth.
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The hospital segment dominates the market share
Based on the end-user of medical gases it can be segmented into Home Healthcare, Pharmaceutical, and Biotechnology Companies, Diagnostic and Research Laboratories, Academic and Research Institutions. The hospital segment dominated the market and accounted for a revenue share of around 28.5%. In terms of revenue. In hospitals, all types of medical gases such as oxygen, nitrogen, medical air, carbon dioxide, and nitrogen are widely used. The use of medical gases in medical procedures such as surgeries, intensive care, and emergency response, as well as the high prevalence of medical procedures performed. More than 2 million people received medical oxygen every year. Furthermore, the use of medical gas cylinder technology, lightweight cylinders, and composite cylinders has recently hit the market and is forecasted to play a significant role in development and innovation. Thereby such advancements in medical gas equipment are contributing to fueling the growth of the market.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Medical Gas Market is witnessing significant growth in the near future.
In 2023, the Oxygen segment accounted for noticeable share of global Medical Gas Market and is projected to experience significant growth in the near future.
The Therapeutic segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Linde plc , Atlas Copco and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Oxygen, Nitrous Oxide, Nitrogen, carbon dioxide, Helium |
Application | Therapeutic, Diagnostics, Pharmaceutical Manufacturing, Others |
Gas Mixtures | Aerobic Gas Mixtures, Anaerobic Gas Mixtures, Blood Gas Mixtures, Lung Diffusion Mixtures, Medical Laser Mixture |
End Use | Home Healthcare, Pharmaceutical, Biotechnology Companies, Diagnostic and Research Laboratories, Academic and Research Institution |
List of Competitors | Linde plc, Air Liquide, Atlas Copco, Messer, Air Products Inc., Taiyo Nippon Sanso Corporation, Matheson Tri-Gas Inc |
This chapter will help you gain GLOBAL Market Analysis of Medical Gas. Further deep in this chapter, you will be able to review Global Medical Gas Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Medical Gas. Further deep in this chapter, you will be able to review North America Medical Gas Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Medical Gas. Further deep in this chapter, you will be able to review Europe Medical Gas Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Medical Gas. Further deep in this chapter, you will be able to review Asia Pacific Medical Gas Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Medical Gas. Further deep in this chapter, you will be able to review South America Medical Gas Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Medical Gas. Further deep in this chapter, you will be able to review Middle East and Africa Medical Gas Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Medical Gas. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Gas Mixtures Analysis 2021 - 2033
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Chapter 13 Market Split by End Use Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Gas market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Oxygen have a significant impact on Medical Gas market? |
What are the key factors affecting the Oxygen and Nitrous Oxide of Medical Gas Market? |
What is the CAGR/Growth Rate of Therapeutic during the forecast period? |
By type, which segment accounted for largest share of the global Medical Gas Market? |
Which region is expected to dominate the global Medical Gas Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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