Global Medical Gas and Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Therapeutic - Respiratory Diseases, Cardiovascular Diseases, Anesthesia, Cryosurgery and Others, Diagnostics - Medical Imaging and General laboratory Use, Pharmaceutical manufacturing and research - Drug Discovery, Process Development, Pharmaceutical Manufacturing and Quality Control, Other Therapeutic Applications (Tissue and Platelet Preservation).

By End-Use;

Hospitals, Home Healthcare, Pharmaceutical & Biopharmaceutical Companies, Diagnostic & Research Laboratories, and Academic Institutes & Research Institutes.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn153892517 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Medical Gas and Equipment Market (USD Million), 2021 - 2031

In the year 2024, the Global Medical Gas and Equipment Market was valued at USD 19,668.55 million. The size of this market is expected to increase to USD 32,419.20 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.4%.

The Global Medical Gas and Equipment Market is a vital segment of the healthcare industry, encompassing gases like oxygen, nitrous oxide, carbon dioxide, and medical air, along with delivery systems and associated equipment. This market is primarily driven by the increasing prevalence of chronic diseases, including respiratory disorders, cardiovascular conditions, and diabetes, which require long-term oxygen therapy and other gas-based treatments. Additionally, the growing adoption of medical gases in surgical procedures, anesthesia, and diagnostics further boosts demand.

The market is segmented into gases, equipment, and applications. The gas segment accounts for the largest share, with oxygen being the most widely used due to its critical role in emergency care, intensive care units, and chronic respiratory treatments. Medical equipment, including regulators, flowmeters, concentrators, and vacuum systems, is experiencing robust growth, driven by technological advancements and the need for efficient and portable devices. Application-wise, respiratory therapy leads the segment, while diagnostic and pharmaceutical applications also show notable growth.

Geographically, the market is dominated by North America, owing to advanced healthcare infrastructure, high adoption rates of medical technologies, and a significant geriatric population. Europe follows closely, driven by strict healthcare standards and government support for healthcare advancements. The Asia-Pacific region is the fastest-growing market, fueled by rising healthcare expenditure, an increasing patient base, and rapid urbanization in countries like India and China. Meanwhile, Latin America and the Middle East & Africa are gradually expanding as access to healthcare improves and government initiatives for medical infrastructure development increase.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By End-Use
    3. Market Snapshot, By Region
  4. Global Medical Gas and Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements in Medical Gas Equipment
        2. Growing Prevalence of Chronic Diseases
        3. Increasing Demand for Home Healthcare Solutions
      2. Restraints
        1. Stringent Regulatory Requirements
        2. High Cost Associated with Medical Gas Equipment
        3. Limited Access to Healthcare in Developing Regions
      3. Opportunities
        1. Emerging Markets in Asia-Pacific and Latin America
        2. Expansion of Telemedicine and Remote Patient Monitoring
        3. Rising Focus on Patient Safety and Comfort
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Medical Gas and Equipment Market, By Application, 2021 - 2031 (USD Million)
      1. Therapeutic
        1. Respiratory Diseases
        2. Cardiovascular Diseases
        3. Anesthesia
        4. Cryosurgery
        5. Others
      2. Diagnostics
        1. Medical Imaging
        2. General laboratory Use
      3. Pharmaceutical manufacturing and research
        1. Drug Discovery
        2. Process Development
        3. Pharmaceutical Manufacturing
        4. Quality Control
      4. Other Therapeutic Applications (Tissue and Platelet Preservation)
    2. Global Medical Gas and Equipment Market, By End-Use, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Home Healthcare
      3. Pharmaceutical and Biopharmaceutical Companies
      4. Diagnostic and Research Laboratories
      5. Academic Institutes and Research Institutes
    3. Global Medical Gas and Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Air Liquide
      2. Air Products and Chemicals Inc
      3. Praxair Inc
      4. Atlas Copco AB
      5. Messer Group GmbH
      6. SOL SPA
      7. Rotarex S.A.
  7. Analyst Views
  8. Future Outlook of the Market