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).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.
Global Medical Gas and Equipment Market Recent Developments
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In June 2024, Messer Group GmbH (Germany) acquired the Federal Helium System, including the Federal Helium Reserve, Cliffside Field, its gathering and well system, and other operational assets. Through the acquisition, both organizations will ensure a smooth operation of the Helium System and continue to serve the many industries, such as medicine and aerospace, that rely on this vital resource.
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In June 2023, Nippon Gases (Japan) acquired most of the share of the Spanish medical equipment manufacturer Noxtec Development SL. This will enable the two companies to work together on technological improvements in medical equipment used for nitrous oxide treatment.
Segment Analysis
The Global Medical Gas and Equipment Market has been segmented by Type, Application, End-Use and Geography, type into medical gases and equipment. Medical gases include pure gases like oxygen, nitrous oxide, and medical air, as well as gas mixtures used in therapeutic, diagnostic, and surgical applications. Equipment encompasses gas delivery systems, regulators, flow meters, and vacuum systems. The increasing prevalence of respiratory diseases and advancements in gas delivery technologies are major drivers of this segment, alongside rising demand for home healthcare solutions.
By application, the market caters to therapeutic, diagnostic, and pharmaceutical manufacturing needs. Therapeutic applications dominate due to widespread use in surgeries, respiratory treatments, and emergency care. Diagnostic applications include imaging and endoscopy, while the pharmaceutical sector uses gases in drug synthesis and preservation. Rising healthcare infrastructure investments and growth in minimally invasive procedures contribute to segment expansion. End-users include hospitals, ambulatory surgical centers, home healthcare settings, and pharmaceutical companies.
Geographically, the market spans North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America leads due to advanced healthcare systems and high adoption of medical gases, while Europe follows with stringent regulations ensuring product quality. Asia-Pacific shows rapid growth driven by increasing healthcare expenditures, population aging, and rising awareness. Meanwhile, the Middle East & Africa and Latin America exhibit steady progress, supported by developing healthcare infrastructure and government initiatives.
Global Medical Gas and Equipment Segment Analysis
In this report, the Global Medical Gas and Equipment Market has been segmented by Type, Application, End-Use and Geography.
Global Medical Gas and Equipment Market, Segmentation by Application
The Global Medical Gas and Equipment Market has been segmented by Application into Therapeutic, Diagnostics, Pharmaceutical Manufacturing and Research and Other Therapeutic Applications (Tissue and Platelet Preservation).
The global medical gas and equipment market can be segmented by application into several key categories, each serving a distinct purpose within the healthcare industry. Firstly, medical gases find extensive use in respiratory therapy, where oxygen, nitrous oxide, and other gases are administered to patients to aid breathing. Respiratory therapy is crucial in managing conditions such as chronic obstructive pulmonary disease (COPD), asthma, and respiratory distress syndrome (RDS) in neonates.
Medical gases and equipment are indispensable in anesthesia delivery systems. These systems are designed to provide a precise mixture of gases to induce and maintain anesthesia during surgical procedures. Anesthesia plays a vital role in ensuring patient comfort and safety during surgery, allowing surgeons to perform procedures effectively while minimizing patient discomfort.
Medical gases are utilized in diagnostic applications, particularly in medical imaging techniques such as magnetic resonance imaging (MRI) and computed tomography (CT) scans. These imaging modalities often require the use of contrast agents delivered via medical gas systems to enhance the visualization of internal organs and structures, aiding in the diagnosis of various medical conditions.
Global Medical Gas and Equipment Market, Segmentation by End-Use
The Global Medical Gas and Equipment Market has been segmented by End-Use into Hospitals, Home Healthcare, Pharmaceutical and Biopharmaceutical Companies, Diagnostic and Research Laboratories and Academic Institutes and Research Institutes.
The global medical gas and equipment market exhibits diverse segmentation based on end-use, reflecting the multifaceted nature of healthcare delivery systems worldwide. Hospitals stand as the primary end-users, accounting for a significant share due to their extensive reliance on medical gases for various therapeutic and diagnostic applications. Within hospital settings, medical gases find utilization across departments, including operating rooms, intensive care units, and emergency departments, highlighting their indispensable role in modern healthcare practices.
Ambulatory surgical centers (ASCs) represent another crucial segment within the medical gas and equipment market. These facilities offer outpatient surgical procedures, often requiring specific medical gases for anesthesia, ventilation, and other critical functions. The growing popularity of ASCs, driven by factors such as cost-effectiveness and convenience, contributes to the demand for medical gases and related equipment in these settings.
The home healthcare segment is emerging as a significant consumer of medical gases and equipment. With advancements in technology and medical practices, an increasing number of patients now receive treatment at home for chronic conditions or post-operative care. This trend necessitates the provision of medical gases such as oxygen and respiratory equipment tailored for home use, driving demand within this segment. Additionally, the shift towards home-based care is fueled by factors such as aging populations, preference for comfort, and advancements in telemedicine, further boosting the market for medical gases and equipment in home healthcare settings.
Global Medical Gas and Equipment Market, Segmentation by Geography
In this report, the Global Medical Gas and Equipment Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Medical Gas and Equipment Market Share (%), by Geographical Region, 2024
The global medical gas and equipment market is witnessing significant growth across various geographical regions. In North America, factors such as the presence of well-established healthcare infrastructure, increasing prevalence of chronic diseases, and high adoption rates of advanced medical technologies are driving market expansion. Additionally, stringent regulations regarding medical gas standards and safety measures are positively impacting market growth in this region. The rise in the geriatric population and the growing demand for home healthcare services further contribute to the market's upward trajectory.
In Europe, the medical gas and equipment market is thriving due to factors such as increasing healthcare expenditure, rising awareness about the importance of medical gases in various treatment procedures, and advancements in healthcare infrastructure. Moreover, government initiatives aimed at ensuring the availability of quality medical gases and equipment are bolstering market growth. The presence of key market players focusing on product innovation and strategic collaborations also augments market development in Europe.
The Asia Pacific region is emerging as a lucrative market for medical gases and equipment, driven by factors such as rapid urbanization, growing healthcare infrastructure investments, and rising healthcare expenditure. The increasing prevalence of respiratory diseases, along with the expanding patient pool undergoing surgical procedures, is propelling the demand for medical gases and equipment in the region. Furthermore, initiatives aimed at improving healthcare access in rural areas and the adoption of telemedicine solutions are expected to fuel market growth in the Asia Pacific region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Medical Gas and Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Technological Advancements in Medical Gas Equipment
- Growing Prevalence of Chronic Diseases
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Increasing Demand for Home Healthcare Solutions - The global medical gas and equipment market is experiencing a notable surge, driven in large part by the increasing demand for home healthcare solutions. With a growing aging population and rising prevalence of chronic diseases, there's a heightened emphasis on providing medical care in the comfort of patients' homes. This shift toward home-based healthcare has propelled the demand for medical gases and related equipment, such as oxygen cylinders, concentrators, and regulators, enabling patients to receive necessary treatment without prolonged hospital stays.
This trend is not only driven by patient preferences for more convenient care options but also by healthcare providers and insurers seeking cost-effective alternatives to traditional hospital-based treatments. Home healthcare solutions not only offer patients greater independence and comfort but also help alleviate the strain on hospital resources, reducing healthcare costs in the long run. As a result, the global medical gas and equipment market is expected to continue its upward trajectory, fueled by the evolving needs of both patients and healthcare providers in the coming years.
Restraints
- Stringent Regulatory Requirements
- High Cost Associated with Medical Gas Equipment
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Limited Access to Healthcare in Developing Regions - Limited access to healthcare in developing regions presents a significant challenge for the global medical gas and equipment market. In many parts of the world, especially in low-income countries, healthcare infrastructure is insufficient to meet the needs of growing populations. This scarcity extends to medical gases and equipment, hindering the delivery of essential medical services. Without adequate access to oxygen, anesthesia gases, and other vital medical gases, healthcare providers struggle to perform life-saving procedures and manage critical conditions effectively. Consequently, the demand for medical gases and equipment remains unmet in these regions, perpetuating disparities in healthcare access and outcomes.
The lack of access to medical gases and equipment exacerbates existing healthcare inequalities, particularly for vulnerable populations such as women, children, and the elderly. Inadequate healthcare infrastructure and limited resources disproportionately affect these groups, leading to higher rates of morbidity and mortality from preventable and treatable conditions. Without timely access to oxygen therapy, respiratory support, and anesthesia, patients face increased risks during surgeries, childbirth, and emergency medical interventions. Addressing these disparities requires targeted interventions that prioritize equitable access to medical gases and equipment in developing regions, alongside broader efforts to strengthen healthcare systems and improve healthcare delivery.
Opportunities
- Emerging Markets in Asia-Pacific and Latin America
- Expansion of Telemedicine and Remote Patient Monitoring
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Rising Focus on Patient Safety and Comfort - The global medical gas and equipment market is experiencing a significant surge in attention directed towards enhancing patient safety and comfort. This heightened focus stems from a collective acknowledgment within the healthcare industry of the pivotal role these factors play in ensuring optimal patient outcomes. Healthcare providers and equipment manufacturers alike are increasingly prioritizing the development and deployment of innovative solutions that not only deliver therapeutic gases efficiently but also prioritize patient well-being throughout the process.
This emphasis on patient safety and comfort is driving advancements across various facets of medical gas and equipment technology. From the design and manufacturing of gas delivery systems to the integration of user-friendly interfaces and ergonomic features, stakeholders are actively striving to streamline processes and minimize patient discomfort. Moreover, there is a growing recognition of the psychological impact of medical environments on patients, prompting the incorporation of elements that promote a sense of ease and reassurance. As the industry continues to evolve, this concerted focus on enhancing the patient experience is poised to redefine standards of care and drive positive outcomes across healthcare settings worldwide.
Competitive Landscape Analysis
Key players in Global Medical Gas and Equipment Market include:
- Air Liquide
- Air Products and Chemicals Inc
- Praxair Inc
- Atlas Copco AB
- Messer Group GmbH
- SOL SPA
- Rotarex S.A.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Application
- Market Snapshot, By End-Use
- Market Snapshot, By Region
- Global Medical Gas and Equipment Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Technological Advancements in Medical Gas Equipment
- Growing Prevalence of Chronic Diseases
- Increasing Demand for Home Healthcare Solutions
- Restraints
- Stringent Regulatory Requirements
- High Cost Associated with Medical Gas Equipment
- Limited Access to Healthcare in Developing Regions
- Opportunities
- Emerging Markets in Asia-Pacific and Latin America
- Expansion of Telemedicine and Remote Patient Monitoring
- Rising Focus on Patient Safety and Comfort
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Compititive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Medical Gas and Equipment Market, By Application, 2021 - 2031 (USD Million)
- Therapeutic
- Respiratory Diseases
- Cardiovascular Diseases
- Anesthesia
- Cryosurgery
- Others
- Diagnostics
- Medical Imaging
- General laboratory Use
- Pharmaceutical manufacturing and research
- Drug Discovery
- Process Development
- Pharmaceutical Manufacturing
- Quality Control
- Other Therapeutic Applications (Tissue and Platelet Preservation)
- Therapeutic
- Global Medical Gas and Equipment Market, By End-Use, 2021 - 2031 (USD Million)
- Hospitals
- Home Healthcare
- Pharmaceutical and Biopharmaceutical Companies
- Diagnostic and Research Laboratories
- Academic Institutes and Research Institutes
- Global Medical Gas and Equipment Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Medical Gas and Equipment Market, By Application, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Air Liquide
- Air Products and Chemicals Inc
- Praxair Inc
- Atlas Copco AB
- Messer Group GmbH
- SOL SPA
- Rotarex S.A.
- Company Profiles
- Analyst Views
- Future Outlook of the Market