Global Medical Gas Market Report and Forecast 2025-2034

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Global Medical Gas Market Trends

Gases utilised during medical procedures are known as medical gases. Such gases are used for anaesthetic applications, in therapy, and to operate medical equipment and gadgets. There are various types of medical gases such as oxygen, nitrous oxide, nitrogen, and carbon dioxide. It is crucial for healthcare facilities to maintain the availability of medical gases to avoid any unexpected failure.

• The growing incidences of chronic respiratory diseases, such as pulmonary hypertension, chronic obstructive pulmonary disease, asthma, and occupational lung diseases, among others, are adding on to the demand for medical gases for therapeutic applications.

• The growth of the pharmaceutical manufacturing and research activities is likely to enhance the utilisation of medical gases further.

• The increasing demand for point-of-care diagnostics and home healthcare services, supported by the growing geriatric population, is anticipated to propel the market growth of medical gases. The trend of home healthcare is also likely to surge the demand for packaged medical gases in upcoming years.

Opportunities and Challenges in the Market

The oxygen demand is rising rapidly due to the increasing utilisation of the gas in healthcare facilities. Hospitals are also stockpiling oxygen especially after the significant disruption in the oxygen market and supply chain breakdown during the COVID-19 pandemic.

The demand for medical gases is expected to surge in developing nations such as China, India, and Brazil, among others, owing to the growing medical infrastructure and rising accessibility to treatments and surgical procedures.

Technological advancements in medical gas handling equipment to provide better patient care and the development of portable devices are expected to further augment the medical gas market expansion in the coming years.

However, the high cost of medical gases and associated equipment poses a significant challenge to the market growth. The production costs are heavily affected by the price of raw materials and the requirement for specialised equipment. The market is additionally challenged by strict laws governing the use and supply of medicinal gases.

Global Medical Gas Market Analysis

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

The Pure Gases Segment Holds a Significant Medical Gas Market Share

In terms of revenue, the pure gas sector is anticipated to be one of the major segments during the forecast period. The growth of this market segment can be attributed to factors, including the rising incidences of chronic illness, the increasing number of patient hospitalisations, and surging cases of road accidents.

The oxygen segment is anticipated to experience a healthy growth in pure gases over the forecast period. As oxygen plays a crucial role in respiratory support and forms the foundation for all contemporary anaesthetic operations and life support for patients who are artificially ventilated, its rising demand is likely to bolster the overall medical gas market development in the forecast period.

Growing Demand for Medical Gases in Therapeutic Applications to Aid the Market

There is a growing use of medical gases in therapeutic applications, including pain management and anaesthesia, among others. Gases used in therapeutic applications are regarded as medications and are subject to strict purity and quality standards. Some of the most common therapeutic gases include oxygen, medical air, nitric oxide, carbon dioxide, and helium-oxygen mixes.

The rapid development of the segment can be attributed to the expanding use of medical gases in general laboratory applications. The growing applications of medical gases for controlled aerobic or anaerobic incubator settings in biological cell culture or tissue growth in laboratories are further propelling the market growth.

Global Medical Gas Market Share Based on Region

North America holds a considerable share in the market due to the expanding use of medical gases in the management of respiratory conditions, including COPD and asthma. 

The demand for medical gases is expected to increase in the United States throughout the forecast period due to the increasing prevalence of COPD, asthma, and other illnesses including cardiovascular and lifestyle-related disorders. In addition, the existence of state-of-the-art medical facilities, notably intensive care units, and a growing geriatric population base are  likely to favour the demand for medical gases in the coming years.

Medical Gas Market Competitive Landscape

Other market players include Taiyo Nippon Sanso Corporation, Messer SE & CO, and SOL Spa, among others.