Medical Gases and Equipment Market Size

ID: MRFR/MED/5475-HCR

200 Pages

Rahul Gotadki

October 2025

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

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Medical Gases And Equipment Size

Medical Gases and Equipment Market Growth Projections and Opportunities

Growing Healthcare Expenditure: The United States' rising healthcare costs are one of the main key variables affecting the medical gases and equipment industry. Investments in cutting-edge medical technologies and equipment rise in tandem with healthcare expenditures to keep up with the needs of an older and increasing population. Technological Advancements: The medical gases and equipment market is being shaped in large part by the quick advancement of technology. Better patient outcomes are a result of innovations like smart monitoring devices, digitalized delivery systems, and improved diagnostic tools. Research and development in the healthcare sector is driven by the never-ending quest for efficacy and efficiency in the delivery of treatment. Growing Chronic Illness Burden: There has been a significant increase in the occurrence of chronic illnesses, including diabetes, cardiovascular disease, and respiratory disorders. In order to monitor and cure these chronic illnesses, there is now a greater need for medical gases and equipment. The market for pertinent medical gases and devices is anticipated to expand in line with the rising prevalence of chronic illnesses. Growing Senior Population: The market for medical gases and equipment is heavily impacted by the United States' aging population. A higher percentage of the population is senior, which means there is a higher need for medical services and supplies, such as oxygen treatment, respiratory assistance, and other medical gases and equipment designed specifically to meet the special needs of the elderly. Demand Driven by the epidemic: The dynamics of the market have been significantly impacted by the COVID-19 epidemic. Hospitalization rates have increased, especially for patients in need of respiratory assistance, which has increased demand for oxygen concentrators, ventilators, and other essential medical gases and equipment. The unanticipated surge in demand has caused industry objectives to shift, emphasizing the need of readiness. The regulatory environment Tight regulations enforced by health agencies like the FDA have a big impact on the medical gases and equipment sector. Adherence to rules is vital for market participants in order to guarantee the safety, effectiveness, and caliber of merchandise. Respecting legal requirements also helps to build confidence between end users and healthcare professionals.

Medical Gases and Equipment Market Size Graph

Market Highlights

Author

Rahul Gotadki

Assistant Manager

He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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FAQs

What is the projected market valuation for the Medical Gases and Equipment Market in 2035?

The projected market valuation for the Medical Gases and Equipment Market in 2035 is 18.99 USD Billion.

What was the overall market valuation for the Medical Gases and Equipment Market in 2024?

The overall market valuation for the Medical Gases and Equipment Market in 2024 was 11.87 USD Billion.

What is the expected CAGR for the Medical Gases and Equipment Market during the forecast period 2025 - 2035?

The expected CAGR for the Medical Gases and Equipment Market during the forecast period 2025 - 2035 is 4.36%.

Which segment of the Medical Gases and Equipment Market had the highest valuation in 2024?

In 2024, the Medical Equipment segment had the highest valuation at 5.0 USD Billion.

What are the projected valuations for the Medical Gases segment by 2035?

The projected valuation for the Medical Gases segment by 2035 is 7.2 USD Billion.

Which medical gas type is expected to see the most growth by 2035?

Oxygen is expected to see the most growth, with a projected valuation of 8.7 USD Billion by 2035.

What is the projected valuation for the Home Healthcare segment by 2035?

The projected valuation for the Home Healthcare segment by 2035 is 3.5 USD Billion.

Which equipment type is anticipated to have a significant increase in valuation by 2035?

Pipeline Systems are anticipated to have a significant increase, with a projected valuation of 6.0 USD Billion by 2035.

Who are the key players in the Medical Gases and Equipment Market?

Key players in the Medical Gases and Equipment Market include Air Liquide, Linde, Praxair, and Air Products and Chemicals.

What was the valuation of the Emergency Services segment in 2024?

The valuation of the Emergency Services segment in 2024 was 2.87 USD Billion.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, the Medical Gases and Equipment Market Size was estimated at 11.87 USD Billion in 2024. The Medical Gases and Equipment industry is projected to grow from 12.39 USD Billion in 2025 to 18.99 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.36 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Medical Gases and Equipment Market is poised for substantial growth driven by technological advancements and increasing demand for home healthcare solutions.

North America remains the largest market for medical gases and equipment, reflecting a robust healthcare infrastructure.
The Asia-Pacific region is emerging as the fastest-growing market, fueled by rising healthcare investments and population health needs.
Medical gases, particularly oxygen, dominate the market, while integrated medical gas systems are witnessing rapid growth due to technological innovations.
Key market drivers include the increasing prevalence of chronic diseases and rising awareness of home healthcare solutions.

Medical Gases and Equipment Market

CAGR

4.36%

Market Size & Forecast

2024 Market Size	11.87 (USD Billion)
2035 Market Size	18.99 (USD Billion)
CAGR (2025 - 2035)	4.36%
Largest Regional Market Share in 2024	North America

Major Players

Air Liquide (FR), Linde (DE), Praxair (US), Messer Group (DE), Matheson Tri-Gas (US), BOC (GB), Air Products and Chemicals (US), Taiyo Nippon Sanso Corporation (JP)

Market Trends

The Medical Gases and Equipment Market is currently experiencing a dynamic evolution, driven by advancements in technology and increasing healthcare demands. The integration of innovative solutions, such as telemedicine and automated systems, appears to enhance the efficiency of gas delivery and monitoring systems. Furthermore, the growing emphasis on patient safety and regulatory compliance is likely to propel the adoption of high-quality medical gases and equipment. As healthcare facilities strive to improve operational efficiency, the market is witnessing a shift towards more sophisticated and reliable equipment that ensures optimal patient care. In addition, the rising prevalence of chronic diseases and the aging population are contributing to the heightened demand for medical gases and equipment. This trend suggests a potential expansion of the market, as healthcare providers seek to enhance their service offerings. Moreover, the increasing focus on sustainable practices within the healthcare sector may lead to the development of eco-friendly medical gases and equipment. Overall, the Medical Gases and Equipment Market is poised for growth, driven by technological advancements and evolving healthcare needs.

Technological Advancements

The Medical Gases and Equipment Market is witnessing a surge in technological innovations, which are enhancing the efficiency and safety of gas delivery systems. Automation and smart monitoring solutions are becoming increasingly prevalent, allowing for real-time tracking and management of medical gases.

Growing Demand for Home Healthcare

There is a noticeable shift towards home healthcare solutions, which is influencing the Medical Gases and Equipment Market. As more patients prefer receiving care at home, the demand for portable medical gases and equipment is likely to increase, facilitating better patient outcomes.

Regulatory Compliance and Safety Standards

The emphasis on regulatory compliance and safety standards is shaping the Medical Gases and Equipment Market. Healthcare facilities are increasingly prioritizing high-quality equipment that meets stringent regulations, ensuring patient safety and enhancing operational efficiency.

Medical Gases and Equipment Market Market Drivers

Expansion of Healthcare Infrastructure

The ongoing expansion of healthcare infrastructure, particularly in emerging economies, is likely to bolster the Medical Gases and Equipment Market. Investments in hospitals, clinics, and specialized healthcare facilities are increasing, driven by the need to accommodate a growing patient population. For instance, the establishment of new healthcare facilities often includes the installation of medical gas systems, which are essential for patient care. This expansion is not only limited to urban areas but is also reaching rural regions, thereby broadening access to medical gases and equipment. Consequently, this trend is expected to create substantial opportunities for manufacturers and suppliers in the market.

Regulatory Support and Standardization

Regulatory support and standardization play a crucial role in shaping the Medical Gases and Equipment Market. Governments and health organizations are implementing stringent regulations to ensure the safety and efficacy of medical gases and equipment. Compliance with these regulations is essential for manufacturers, as it not only enhances product quality but also builds consumer trust. The establishment of standardized protocols for the production and distribution of medical gases is expected to drive market growth, as it facilitates smoother operations and reduces the risk of contamination. This regulatory landscape is likely to encourage innovation and investment in the market, further propelling its expansion.

Increasing Prevalence of Chronic Diseases

The rising incidence of chronic diseases such as respiratory disorders, cardiovascular diseases, and diabetes is a pivotal driver for the Medical Gases and Equipment Market. As these conditions necessitate ongoing medical intervention, the demand for medical gases like oxygen and nitrous oxide is expected to surge. According to recent data, the prevalence of chronic respiratory diseases is projected to increase, leading to a heightened need for medical equipment that administers these gases. This trend indicates a growing market for both gases and the associated delivery systems, as healthcare providers seek to enhance patient outcomes through effective management of chronic conditions.

Rising Awareness of Home Healthcare Solutions

The growing awareness and acceptance of home healthcare solutions are significantly influencing the Medical Gases and Equipment Market. Patients are increasingly opting for home-based care, particularly for chronic conditions that require long-term management. This shift is driving demand for portable medical gases and equipment that can be used in home settings. The market for home healthcare is projected to expand, with a notable increase in the use of oxygen therapy and other medical gases in residential environments. As a result, manufacturers are likely to focus on developing user-friendly and efficient home healthcare solutions to meet this emerging demand.

Technological Innovations in Medical Equipment

Technological innovations are transforming the Medical Gases and Equipment Market, enhancing the efficiency and safety of gas delivery systems. Advancements such as automated gas delivery systems, portable oxygen concentrators, and smart monitoring devices are becoming increasingly prevalent. These innovations not only improve patient care but also streamline operations within healthcare facilities. The integration of technology in medical equipment is anticipated to drive market growth, as healthcare providers seek to adopt more efficient solutions. Furthermore, the demand for high-quality, reliable medical gases is likely to increase in tandem with these technological advancements, creating a synergistic effect on the market.

Market Segment Insights

By Type: Medical Gases (Largest) vs. Integrated Medical Gas Systems (Fastest-Growing)

In the Medical Gases and Equipment Market, the segmentation by type reveals a significant distribution of market share among three key categories: Medical Gases, Medical Equipment, and Integrated Medical Gas Systems. Medical Gases hold a prominent position, representing the largest share in this market due to their essential role in healthcare facilities. Meanwhile, Medical Equipment complements this category, offering vital devices and tools necessary for patient care. Integrated Medical Gas Systems, however, have emerged as a notable contender, showcasing rapid growth as healthcare facilities increasingly adopt these systems for their efficiency and streamlined operations. The growth trends in the Medical Gases and Equipment Market are driven by various factors, including advancements in healthcare technology and the rising demand for high-quality patient care. Medical Gases are experiencing stable demand due to their critical importance in anesthesia, respiratory therapies, and emergency care. In contrast, Integrated Medical Gas Systems are witnessing the fastest growth as they provide a comprehensive solution for the management of medical gases, optimizing their usage and enhancing safety in medical environments. This shift reflects an industry-wide move toward more integrated and efficient healthcare solutions.

Medical Gases (Dominant) vs. Medical Equipment (Emerging)

Medical Gases remain the dominant segment within the Medical Gases and Equipment Market, owing to their crucial role in numerous medical procedures and settings. This category encompasses gases such as oxygen, nitrous oxide, and medical air, which are integral to a wide range of clinical applications, from surgical anesthesia to respiratory support. The established infrastructure and consistent demand for these gases contribute to their market dominance. On the other hand, Medical Equipment is regarded as the emerging segment that offers significant potential for growth. This includes devices such as nebulizers, anesthesia machines, and gas delivery systems. Innovations in equipment technology and increasing healthcare investments are driving attention towards this segment, highlighting its importance in supporting overall patient care and safety.

By Medical Gas Type: Oxygen (Largest) vs. Nitrous Oxide (Fastest-Growing)

In the Medical Gases and Equipment Market, Oxygen holds the largest market share, primarily owing to its ubiquitous applications in hospitals, emergency services, and home healthcare settings. The demand for Oxygen is fueled by an increase in respiratory conditions and the critical role it plays in various medical treatments, including surgical procedures and critical care units. In contrast, Nitrous Oxide is emerging as the fastest-growing segment, particularly in anesthetic applications and pain management. Its appeal is due to its quick onset and recovery times, making it a preferred choice in both dental and surgical procedures.

Oxygen (Dominant) vs. Nitrous Oxide (Emerging)

Oxygen is a fundamental medical gas recognized for its critical importance in treating patients with hypoxia and various respiratory ailments. It is widely used across various healthcare settings, from hospitals to home care, due to its essential nature in patient survival and recovery. The segment benefits from established production practices and regulatory support. On the other hand, Nitrous Oxide, while not as widely used as Oxygen, is gaining traction as a versatile anesthetic and analgesic in both surgical and dental settings. Its unique properties allow for effective pain relief and sedation with minimal side effects, appealing to practitioners and patients alike. This dual attraction positions Nitrous Oxide as a prominent contender in the fast-evolving medical gases market.

By End Use: Hospitals (Largest) vs. Home Healthcare (Fastest-Growing)

In the Medical Gases and Equipment Market, the segment of Hospitals holds the largest market share, primarily due to the high volume of procedures requiring medical gases, including surgeries and critical care. Hospitals are consistently the leading consumers of oxygen, nitrous oxide, and anesthetic gases, owing to the complexity and urgency of care provided. Clinics and Emergency Services also contribute significantly, but their market shares are comparatively smaller than that of hospitals. Home Healthcare, although currently trailing, is rapidly gaining traction as treatments move increasingly into home settings.

Hospitals (Dominant) vs. Home Healthcare (Emerging)

The Hospitals segment represents the dominant force in the Medical Gases and Equipment Market, characterized by extensive use of various medical gases in intensive care, operating rooms, and recovery areas. Hospitals require a consistent and reliable supply of gases for a multitude of therapies and procedures, establishing a strong infrastructure for utilization. On the other hand, Home Healthcare is emerging as a pivotal segment, driven by the shift towards outpatient care and chronic disease management at home. With advancements in technology and equipment, the Home Healthcare segment is rapidly evolving, catering to an aging population and enhancing patient outcomes, signaling a transformative change in how medical gases are delivered and utilized in less traditional settings.

By Equipment Type: Cylinders (Largest) vs. Pipeline Systems (Fastest-Growing)

In the Medical Gases and Equipment Market, the segment distribution reveals that cylinders hold the largest market share, primarily due to their versatility and ease of use in various medical applications. They're widely adopted in hospitals and healthcare facilities for their portability and reliability. Conversely, pipeline systems are witnessing rapid growth as healthcare facilities increasingly prefer centralized systems that enhance gas supply efficiency and safety, particularly for large institutions and surgical centers.

Cylinders (Dominant) vs. Pipeline Systems (Emerging)

Cylinders are recognized as the dominant force in the Medical Gases and Equipment Market, serving critical functions in delivering medical gases in flexible and portable formats. They are favored for their reliability in emergency situations and ease of transport between locations. On the other hand, pipeline systems represent an emerging trend, becoming increasingly popular for their ability to provide a continuous and uninterruptable gas supply. As healthcare facilities look to improve workflow efficiency while ensuring high safety standards, pipeline systems are becoming integral to their operations, alongside the traditional reliance on cylinders.

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Regional Insights

North America : Healthcare Innovation Leader

North America is the largest market for medical gases and equipment, holding approximately 40% of the global market share. The region's growth is driven by increasing healthcare expenditures, technological advancements, and a rising prevalence of chronic diseases. Regulatory support from agencies like the FDA further catalyzes market expansion, ensuring safety and efficacy in medical gas applications. The United States leads the North American market, followed by Canada. Key players such as Praxair, Air Products and Chemicals, and Matheson Tri-Gas dominate the competitive landscape. The presence of advanced healthcare infrastructure and a focus on innovation in medical technologies contribute to the region's robust market dynamics. Companies are increasingly investing in research and development to enhance product offerings and meet evolving healthcare needs.

Europe : Regulatory Framework and Growth

Europe is the second-largest market for medical gases and equipment, accounting for approximately 30% of the global market share. The region's growth is fueled by an aging population, increasing demand for home healthcare, and stringent regulatory frameworks that ensure product safety and quality. The European Medicines Agency (EMA) plays a crucial role in regulating medical gases, fostering innovation while maintaining high safety standards. Germany and France are the leading countries in this market, with significant contributions from companies like Linde and Air Liquide. The competitive landscape is characterized by a mix of established players and emerging companies, all striving to innovate and expand their market presence. The focus on sustainable practices and eco-friendly products is also shaping the future of the medical gases market in Europe.

Asia-Pacific : Emerging Market with Potential

Asia-Pacific is an emerging powerhouse in the medical gases and equipment market, holding approximately 25% of the global market share. The region's growth is driven by increasing healthcare investments, rising awareness of medical gases' applications, and expanding healthcare infrastructure. Countries like China and India are witnessing significant demand due to their large populations and growing healthcare needs, supported by government initiatives to improve healthcare access. China is the largest market in the region, followed by Japan and India. The competitive landscape features both multinational corporations and local players, with companies like Taiyo Nippon Sanso Corporation leading the charge. The focus on technological advancements and partnerships with healthcare providers is enhancing the market's growth potential, making Asia-Pacific a key area for future investments in medical gases and equipment.

Middle East and Africa : Resource-Rich Market Dynamics

The Middle East and Africa (MEA) region is witnessing a growing demand for medical gases and equipment, accounting for approximately 5% of the global market share. The growth is driven by increasing healthcare investments, rising population, and a focus on improving healthcare infrastructure. Countries like the UAE and South Africa are leading the market, supported by government initiatives aimed at enhancing healthcare services and accessibility. The competitive landscape in MEA is characterized by a mix of local and international players, with companies like Messer Group and BOC making significant inroads. The region's unique challenges, such as varying regulatory environments and economic disparities, are shaping market dynamics. However, the increasing focus on healthcare quality and patient safety is driving investments in medical gases and equipment, positioning MEA as a growing market.

Key Players and Competitive Insights

The Medical Gases and Equipment Market is characterized by a dynamic competitive landscape, driven by increasing demand for healthcare services and technological advancements. Key players such as Air Liquide (France), Linde (Germany), and Air Products and Chemicals (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Air Liquide (France) focuses on innovation and sustainability, investing heavily in green technologies to reduce carbon emissions. Linde (Germany) emphasizes digital transformation, leveraging data analytics to optimize operations and improve customer service. Meanwhile, Air Products and Chemicals (US) is pursuing strategic partnerships to expand its global footprint, particularly in emerging markets, thereby shaping a competitive environment that is increasingly collaborative and innovation-driven.

The business tactics employed by these companies reflect a concerted effort to localize manufacturing and optimize supply chains, which are crucial in a moderately fragmented market. This competitive structure allows for a diverse range of offerings, yet the influence of major players remains significant. Their ability to adapt to local market needs while maintaining global standards is a key factor in their success, fostering a competitive atmosphere that encourages continuous improvement and responsiveness to market demands.

In August 2025, Linde (Germany) announced a strategic partnership with a leading telehealth provider to integrate medical gases into remote patient monitoring systems. This move is indicative of Linde's commitment to digital health solutions, potentially enhancing patient outcomes and streamlining healthcare delivery. By aligning with telehealth, Linde not only broadens its service offerings but also positions itself as a leader in the integration of technology within the medical gases sector.

In September 2025, Air Products and Chemicals (US) launched a new line of environmentally friendly medical gases, aimed at reducing the carbon footprint associated with traditional gas production. This initiative underscores the company's focus on sustainability and innovation, responding to growing regulatory pressures and consumer demand for greener alternatives. The introduction of these products may not only enhance Air Products' market share but also set a new standard for environmental responsibility in the industry.

In July 2025, Messer Group (Germany) expanded its operations in Asia by acquiring a local medical gas supplier, thereby strengthening its presence in a rapidly growing market. This acquisition is strategically significant as it allows Messer to leverage local expertise and distribution networks, enhancing its competitive edge in the region. Such expansions are crucial for maintaining relevance in a market that is increasingly driven by regional dynamics and consumer preferences.

As of October 2025, the Medical Gases and Equipment Market is witnessing trends that emphasize digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in navigating complex market challenges. The competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technology integration, and supply chain reliability, suggesting a future where adaptability and forward-thinking strategies will be paramount.

Key Companies in the Medical Gases and Equipment Market market include

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.

Future Outlook

Medical Gases and Equipment Market Future Outlook

The Medical Gases and Equipment Market is projected to grow at a 4.36% CAGR from 2024 to 2035, driven by technological advancements, increasing healthcare demands, and regulatory support.

New opportunities lie in:

Expansion of telehealth services integrating medical gas delivery systems.
Development of portable oxygen concentrators for home healthcare.
Investment in automated gas management systems for hospitals.

By 2035, the market is expected to achieve robust growth, reflecting evolving healthcare needs and technological innovations.

Market Segmentation

Medical Gases and Equipment Market Type Outlook

Medical Gases
Medical Equipment
Integrated Medical Gas Systems

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 Medical Gas Type Outlook

Oxygen
Nitrous Oxide
Carbon Dioxide
Helium
Air

Report Scope

MARKET SIZE 2024	11.87(USD Billion)
MARKET SIZE 2025	12.39(USD Billion)
MARKET SIZE 2035	18.99(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	4.36% (2024 - 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	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Integration of advanced monitoring systems in Medical Gases and Equipment Market enhances patient safety and operational efficiency.
Key Market Dynamics	Rising demand for medical gases driven by technological advancements and regulatory changes in healthcare delivery systems.
Countries Covered	North America, Europe, APAC, South America, MEA