Medical Gases Market Share, Key Players, Trends & Forecast 2025-2033

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 account for the majority of the market share in the gas type segment due to their use in life-saving treatments.
• Therapeutics hold the largest share in the medical gases industry.
• Hospitals remain a dominant segment in the market because of their extensive need for gases like oxygen, nitrous oxide, and medical air for surgeries, critical care, and respiratory therapies.
• Rising healthcare spending is a key driver of the medical gases market.
• The increasing prevalence of chronic diseases is reshaping the medical gases market.

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.

Grab a sample PDF of this report: https://www.imarcgroup.com/medical-gases-market/requestsample

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.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145