Medical Gases and Equipment Market Research Report By Type (Medical Gases, Medical Equipment, Integrated Medical Gas Systems), By Medical Gas Type (Oxygen, Nitrous Oxide, Carbon Dioxide, Helium, Air), By End Use (Hospitals, Clinics, Home Healthcare, Emergency Services), By Equipment Type (Cylinders, Pipeline Systems, Manifolds, Regulators) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa)- Forecast to 2035

Medical Gases and Equipment Market Overview

As per MRFR analysis, the Medical Gases and Equipment Market Size was estimated at 15.48 (USD Billion) in 2023.The Medical Gases and Equipment Market Industry is expected to grow from 16.11(USD Billion) in 2024 to 25 (USD Billion) by 2035. The Medical Gases and Equipment Market CAGR (growth rate) is expected to be around 4.07% during the forecast period (2025 - 2035)

Key Medical Gases and Equipment Market Trends Highlighted

The Global Medical Gases and Equipment Market is witnessing significant growth driven by the increasing demand for medical gases in hospitals and healthcare facilities. One of the substantial market drivers is the growth in the frequency of chronic respiratory disorders, which has resulted in a rising necessity for oxygen treatment. Additionally, developments in technology are supporting the development of more efficient gas delivery systems and monitoring devices, boosting patient safety and care. This trend fits with the emphasis of global healthcare authorities on improving patient outcomes and quality of treatment. Opportunities exist for market development in emerging markets where healthcare infrastructure is quickly improving.

The worldwide drive towards the modernization of medical facilities creates a suitable atmosphere for adopting sophisticated medical gases and equipment, therefore promoting improved healthcare services. Furthermore, increased investments in healthcare by different governments boost the expansion of this industry. There is also a clear movement toward sustainability and environmental responsibility, impacting the development and use of medical gases and equipment. Innovations in gas production technologies, such as lowering carbon emissions during manufacturing procedures, are gaining popularity. In recent decades, there has been an increase in the demand for portable medical gas solutions, most emphasized during the COVID-19 pandemic.

This has changed demand and promoted the development of more adaptable equipment for emergency and home healthcare settings. The worldwide emphasis on telemedicine and home-based treatment continues to drive demand for small and user-friendly medical gas systems. Overall, the confluence of these trends reveals a dynamic industry environment in the Global Medical Gases and Equipment industry, giving many opportunities for development and expansion.

 

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Medical Gases and Equipment Market Drivers

Increasing Demand for Medical Gases in Healthcare Facilities

A growing number of healthcare institutions is driving notable demand for medical gases like oxygen, nitrogen, and nitrous oxide in the Global Medical Gases and Equipment Market Industry. The World Health Organization reports that the number of hospitals worldwide has increased by 20% during the last five years. The rising incidence of chronic illnesses and the need for surgical operations, which usually call for medicinal gases, are mostly responsible for this expansion.

Major institutions, such as the American Hospital Association, are actively encouraging changes in healthcare infrastructure by pushing legislation that improves it. This increases the need for medical gases and equipment. The development of healthcare facilities guarantees consistency in the supply and use of these gases in therapies and treatments, thus ensuring increased growth in the global medical gases and equipment market.

Rising Incidence of Respiratory Diseases

Growing rates of respiratory disorders drive the Global Medical Gases and Equipment Market Industry. Data from the Global Initiative for Chronic Obstructive Lung Disease indicates that almost 300 million people suffer from asthma worldwide, and Chronic Obstructive Pulmonary Disease affects about 251 million people, according to the World Health Organization. The increasing need for medical gases like oxygen and respiratory support systems emphasizes the necessity of improved medical gas solutions.

Established healthcare companies are reacting to this increase by implementing innovative procedures and therapies, therefore stressing the relevance of the Global Medical Gases and Equipment Market for future healthcare development.

Technological Advancements in Medical Equipment

Technological developments are greatly helping to drive the Global Medical Gases and Equipment Market Industry. Innovations like portable oxygen concentrators and gas delivery systems are increasingly common as attention grows to improving the efficacy and efficiency of medical equipment. Reflecting a trend toward more investment in medical technology, the U.S. Food and Drug Administration has authorized many innovative gadgets in the last few years.

Different worldwide groups are actively supporting Research & Development projects meant to enhance medical equipment, which directly affects the need for medical gases. Consequently, the Global Medical Gases and Equipment Market is likely to be driven forward by the inclusion of sophisticated technologies into the healthcare system.

Medical Gases and Equipment Market Segment Insights

Medical Gases and Equipment Market Type Insights

The Global Medical Gases and Equipment Market is poised for significant growth, with a total market valuation of 16.11 USD Billion by 2024 and projected to reach 25.0 USD Billion by 2035. The market's segmentation into Medical Gases, Medical Equipment, and Integrated Medical Gas Systems highlights the diversity within the sector. Medical Gases dominate the market, valued at 5.0 USD Billion in 2024 and expected to expand to 8.0 USD Billion by 2035. The importance of medical gases lies in their essential role in therapeutic applications, anesthesia, and emergency medical services, which are crucial for patient care and treatment outcomes.Medical Equipment is another significant segment, with a valuation of 7.5 USD Billion in 2024 and a projected increase to 11.5 USD Billion in 2035.

This segment includes devices that are integral to medical procedures, diagnostics, and monitoring, thus underpinning healthcare delivery. Integrated Medical Gas Systems, although the smallest, holds a valuation of 3.61 USD Billion in 2024 and forecasts an upsurge to 5.5 USD Billion by 2035. This segment is essential for streamlining the delivery and management of medical gases, enhancing efficiency within healthcare facilities.

The growth drivers for the overall Global Medical Gases and Equipment Market include an aging global population, rising incidences of chronic diseases, and technological advancements in medical equipment. Furthermore, the increasing emphasis on healthcare infrastructure development globally and the need for reliable and efficient medical solutions amplify the market's prospects. However, challenges such as regulatory hurdles and the high costs of equipment might hinder growth to some extent. Nonetheless, the opportunities for innovation and expansion in emerging markets present a favorable outlook for stakeholders in the industry.As a result, the Global Medical Gases and Equipment Market continues to demonstrate robust potential across its varied segments, contributing to the overall advancement of global healthcare systems.

 

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Medical Gases and Equipment Market Medical Gas Type Insights

The Global Medical Gases and Equipment Market is witnessing significant growth, particularly driven by the Medical Gas Type segment. By 2024, the overall market is expected to be valued at 16.11 billion USD, reflecting increasing healthcare demands on a global scale. Within this Medical Gas Type segment, Oxygen remains a critical element, predominantly utilized in various medical applications, including respiratory therapies and anesthesia. Nitrous Oxide is another essential gas, notable for its analgesic properties, widely used in surgical procedures and pain management.Additionally, Carbon Dioxide plays a vital role in medical imaging and minimally invasive surgeries, enhancing patient care. Helium is recognized for its unique properties, often utilized in MRI machines, while Air is fundamental in several respiratory treatments. The significant demand across these gases is fueled by technological advancements and an increasing prevalence of chronic respiratory diseases worldwide. As the market evolves, opportunities lie in expanding applications of these gases, alongside challenges such as regulatory compliance and supply chain issues that need addressing to support robust market growth.

Medical Gases and Equipment Market End Use Insights

The Global Medical Gases and Equipment Market is projected to be valued at 16.11 USD Billion in 2024 and is expected to exhibit steady growth due to the increasing demand for healthcare services globally. The End Use segment, encompassing crucial areas such as Hospitals, Clinics, Home Healthcare, and Emergency Services, plays a significant role in driving market growth. Hospitals represent a foundational aspect of this segment, as they require a continuous supply of medical gases for patient care, surgeries, and various treatments. Clinics are seeing a rise in the implementation of medical gases, particularly in outpatient settings, thereby enhancing patient management and treatment efficiency.

Home Healthcare has emerged prominently, driven by an aging population and the rising preference for at-home medical services, which necessitate reliable medical gas solutions. Emergency Services also hold a vital position, as timely access to medical gases can significantly impact patient outcomes during emergencies. Overall, the Global Medical Gases and Equipment Market is reflecting robust trends influenced by technological advancements, regulatory changes, and an increase in chronic disease prevalence, all contributing to a dynamic landscape within the End Use categories.

Medical Gases and Equipment Market Equipment Type Insights

The Global Medical Gases and Equipment Market focused on Equipment Type is projected to show considerable growth, with the overall market expected to reach a valuation of 16.11 USD Billion by 2024. This segment encompasses various essential components critical for medical treatment and care. Among these, cylinders play a vital role, serving as the primary storage solution for gases used in hospitals and clinics. Pipeline systems ensure the safe and efficient distribution of gases throughout medical facilities, reflecting the sector's emphasis on patient safety and operational efficiency.Regulators are also significant, as they control the flow and pressure of gases, ensuring precise administration during medical procedures. Manifolds facilitate the connection and management of multiple gas supply sources, promoting seamless operations within healthcare settings.

As healthcare demands evolve, the Global Medical Gases and Equipment Market industry seeks to enhance reliability and functionality across these equipment types, driven by advancements in technology and increasing patient care standards. Overall, the market growth is underpinned by a rising demand for medical gases in various applications, making it a critical segment in the broader market landscape.

Medical Gases and Equipment Market Regional Insights

The Global Medical Gases and Equipment Market is poised for substantial growth, reflecting regional dynamics that are critical to its overall progression. In 2024, North America leads the way with a market valuation of 6.75 USD Billion, expected to rise to 10.5 USD Billion by 2035, indicating its majority holding and significant demand for healthcare infrastructure. Europe follows with a valuation of 4.5 USD Billion in 2024, enhancing to 7.0 USD Billion by 2035, underscoring its robust healthcare systems. The Asia-Pacific (APAC) region, valued at 3.0 USD Billion in 2024, is predicted to expand to 5.0 USD Billion by 2035, reflecting increasing investments in healthcare facilities and innovation.

South America and the Middle East and Africa (MEA) show lower valuations, with South America at 1.5 USD Billion, growing to 2.5 USD Billion, and MEA starting at 0.36 USD Billion and projected at 0.5 USD Billion by 2035. Although smaller in scale, these regions represent emerging opportunities fueled by healthcare development initiatives. The variation in regional market figures signifies differing healthcare needs, regulatory environments, and technology adoption rates, adding diversity to the Global Medical Gases and Equipment Market segmentation and creating versatile growth landscapes across the globe.

 

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Medical Gases and Equipment Market Key Players and Competitive Insights

The Global Medical Gases and Equipment Market is characterized by a dynamic landscape where key players strive to enhance their presence through innovative products and strategic collaborations. As healthcare continues to advance, driven by technological innovations and increasing demand for high-quality medical services, the competition among industry participants intensifies. Companies are focusing on expanding their portfolios by incorporating the latest technologies in medical gas production and equipment, while also addressing the diverse needs of healthcare providers. Regulations and compliance standards necessitate constant adaptation within the market, prompting organizations to invest in research and development to ensure optimal medical gas provision while ensuring patient safety and operational efficiency. T

he market's competitive nature is further amplified by the growing number of mergers and acquisitions, which often serve as strategies for expanding market reach and consolidating resources.Praxair, a significant player in the Global Medical Gases and Equipment Market, enjoys a robust market presence due to its extensive portfolio of medical gas products and equipment solutions. The company’s strengths lie in its comprehensive understanding of the healthcare sector and its commitment to delivering high-quality products that comply with stringent regulatory guidelines. Praxair has established a solid reputation for reliability and innovation, which enables it to maintain long-term relationships with hospitals and healthcare providers. Leveraging its advanced distribution systems and a skilled workforce, Praxair ensures timely delivery of gases such as oxygen, nitrous oxide, and medical air, which are critical in various therapeutic applications. The company also invests heavily in technology and sustainability initiatives, further enhancing its competitive edge within the global landscape.

Charter Medical is another influential entity within the Global Medical Gases and Equipment Market, renowned for its specialized offerings and commitment to quality. The company focuses on delivering a range of medical gases and critical medical equipment, including gas delivery systems and oxygen therapy devices, which cater to a diverse set of healthcare needs. Charter Medical's strengths lie in its deep market understanding and dedication to customer-centric solutions that enhance patient outcomes. The company has effectively expanded its market reach through strategic mergers and acquisitions, allowing it to strengthen its product range and broaden its geographical footprint. With a focus on innovation, Charter Medical continuously enhances its product offerings, ensuring they meet the evolving demands of the healthcare sector. By maintaining a hands-on approach to client needs and regulatory compliance, Charter Medical has positioned itself as a reliable partner in the global medical gases space, showcasing a strong commitment to supporting healthcare providers with high-quality solutions.

Key Companies in the Medical Gases and Equipment Market Include

• Praxair


• Charter Medical


• GCE Group


• VICI Medical


• MediGas


• Linde


• Matheson


• Huntingdon Fusion Techniques


• Medicool


• Air Products and Chemicals


• BASF


• Generon


• Roetzel


• Air Liquide

Medical Gases and Equipment Market Industry Developments

Recent developments in the Global Medical Gases and Equipment Market have highlighted significant growth and innovation, particularly amidst the ongoing focus on pandemic response and healthcare improvements. Companies like Praxair and Linde have been expanding their product lines and enhancing distribution channels to meet increased demand for medical oxygen and related gases essential in hospitals. In August 2023, Air Products and Chemicals announced its plans to acquire a medical equipment manufacturer, aiming to enhance its portfolio in medical gases, demonstrating strategic alignment to bolster its position.

Meanwhile, Air Liquide has been focusing on sustainability initiatives, integrating renewable energy solutions in its manufacturing processes. The market has seen a notable rise in valuations, driven by increased demand for high-quality healthcare solutions and innovations in medical gas technologies. Over the past two to three years, companies such as Medicool and Matheson have also been investing heavily in Research and Development to bring forth advanced solutions and equipment to better cater to healthcare needs. This trend reflects a broader commitment to improving patient care globally, as the medical gases and equipment sector continues to adapt to evolving healthcare landscapes.

Medical Gases and Equipment Market Segmentation Insights

Medical Gases and Equipment Market Type Outlook

• Medical Gases


• Medical Equipment


• Integrated Medical Gas Systems

Medical Gases and Equipment Market Medical Gas Type Outlook

• Oxygen


• Nitrous Oxide


• Carbon Dioxide


• Helium


• Air

Medical Gases and Equipment Market End Use Outlook

• Hospitals


• Clinics


• Home Healthcare


• Emergency Services

Medical Gases and Equipment Market Equipment Type Outlook

• Cylinders


• Pipeline Systems


• Manifolds


• Regulators

Medical Gases and Equipment Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	15.48(USD Billion)
MARKET SIZE 2024	16.11(USD Billion)
MARKET SIZE 2035	25.0(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	4.07% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Praxair, Charter Medical, GCE Group, VICI Medical, MediGas, Linde, Matheson, Huntingdon Fusion Techniques, Medicool, Air Products and Chemicals, BASF, Generon, Roetzel, Air Liquide
SEGMENTS COVERED	Type, Medical Gas Type, End Use, Equipment Type, Regional
KEY MARKET OPPORTUNITIES	Increased demand for home healthcare, Growth in anesthesia applications, Expansion of oxygen therapy, Rising prevalence of respiratory diseases, Advancements in medical gas equipment technology
KEY MARKET DYNAMICS	Increasing healthcare demand, Technological advancements, Regulatory compliance, Aging population, Rising home healthcare trend
COUNTRIES COVERED	North America, Europe, APAC, South America, MEA