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Global Medical Gases Industry: Key Statistics and Insights in 2025-2033
Summary:
The global medical gases market size reached USD 15.6 Billion in 2024.
The market is expected to reach USD 26.2 Billion by 2033, exhibiting a growth rate (CAGR) of 5.76% during 2025-2033.
North America leads the market, accounting for the largest medical gases market share.
Pure gases hold the largest market share in the gas type segment, driven by their use in life-saving treatments.
The largest share of the medical gases industry belongs to therapeutics.
Hospitals are a dominant market segment due to their high demand for gases such as oxygen, nitrous oxide, and medical air, which are essential for surgeries, critical care, and respiratory therapies.
The key driver of the medical gases market is the rising cost of healthcare. The growing number of people with chronic diseases is changing the market for medical gases.
Industry Trends and Drivers:
Rising healthcare expenditure:
As healthcare spending rises, more people seek medical care for preventive services, treatment of acute conditions, and management of chronic diseases. Medical gases are vital in many medical procedures and treatments, including anesthesia delivery during surgeries, oxygen therapy for respiratory conditions, and nitrous oxide for pain management. The increased use of healthcare services drives up the demand for medical gases. Also, high healthcare spending often leads to the construction and expansion of hospitals, clinics, and other healthcare facilities. These facilities need a steady supply of medical gases for various applications, including anesthesia, respiratory therapy, and diagnostic procedures.
Increasing prevalence of chronic diseases:
Many chronic diseases, like chronic obstructive pulmonary disease (COPD), asthma, and cystic fibrosis, cause respiratory insufficiency or failure. Medical gases like oxygen are crucial for providing respiratory support to patients with these conditions. Oxygen therapy helps ease symptoms, improve exercise tolerance, and enhance the quality of life for individuals with chronic respiratory diseases. As the prevalence of these conditions rises, the demand for medical gases for respiratory support increases. Chronic pain is common in many chronic diseases, such as arthritis, neuropathy, and cancer. Nitrous oxide, known as laughing gas, is used for pain management in various medical procedures and treatments. Its pain-relieving properties are valuable for easing discomfort in patients with chronic conditions.
Technological advancements:
Innovations in technology lead to the creation of advanced medical devices and equipment that rely on medical gases for various functions. Anesthesia machines, ventilators, and respiratory therapy devices use medical gases like oxygen, nitrous oxide, and carbon dioxide to support patient care. As these medical devices become more advanced and widely adopted, the demand for medical gases increases. Additionally, advancements in technology allow for the miniaturization and portability of medical devices, providing greater flexibility in healthcare delivery. Technological innovations also promote the development of more efficient and precise delivery systems for medical gases.
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Medical Gases Market Report Segmentation:
Breakup By Application:
Therapeutic
Diagnostic
Biotechnology and Pharmaceutical Industry
Others
Therapeutic accounts for the majority of the market share as it plays a crucial role in a wide array of medical procedures and treatments, ranging from respiratory support in intensive care units to anesthesia during surgical procedures.
Breakup By End User:
Hospitals
Home Healthcare
Academic and Research Institutions
Hospitals hold the biggest market share owing to the diverse range of medical procedures and treatments conducted within these facilities.
Breakup By Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
North America enjoys the leading position in the medical gases market on account of advanced healthcare infrastructure and a robust regulatory framework.
Top Medical Gases Market Leaders:
The medical gases market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
Air Products and Chemicals Inc.
Airgas Inc. (Air Liquide S.A.)
Ellenbarrie Industrial Gases Ltd
Linde plc
Matheson Tri-Gas Inc. (Mitsubishi Chemical Holdings Corporation)
Messer Group GmbH
SCI Analytical Laboratories Inc
Sharjah Oxygen Company
SOL Spa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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