Increasing prevalence of chronic diseases across the globe is driving the global medical gases market. Furthermore, rising demand for medical air for patients with extremely delicate respiratory system and sensitive to oxygen toxicity are provided to maintain the oxygen exposure is boosting the global medical gases market.Medical Gases Market was valued at US$ 20.5 billion in 2024 and is projected to grow at a CAGR of 6.5% to reach US$ 36.5 billion by 2034.

The report "Medical Gases Market, By Product (Gases, Oxygen Gases, Carbon Dioxide Gases, Nitrogen Gases, Helium Gases, Medical Gases Mixture, Blood Gas Mixtures, Laser Gas Mixtures, Carbon Dioxde-Oxygen Mixtures, Biological, Atmospheres, Aerobic Gas Mixtures, Anaerobic Gas Mixtures, and Others (Lung Diffusion Mixtures, Helium-Oxygen Mixtures, and Ethylene Oxide)), By Equipment (Air Compressors, Masks, Vacuum Systems, Manifolds, Outlets, Valves, and Other (Alarm Systems, Cylinders, Flow Meters and Regulators)), By End-User (Hospitals, Home Healthcare, Emergency Services, Pharmaceutical Industry, And Academic and Research Institutions), and Region - Global Forecast to 2034"

Key Highlights:

• In May 2016, The Linde Group, Inc launched “LIV” is a new package for medical oxygen in a light-weight oxygen aluminum cylinder with a Linde integrated valve.

Key Market Insights from the report:          

Medical Gases Market was valued at US$ 20.5 billion in 2024 and is projected to grow at a CAGR of 6.5% to reach US$ 36.5 billion by 2034. The market report has been segmented on the basis of product, equipment, end-user, and region.

• By product, the oxygen segment holds largest share in the global medical gases market. This is owing to oxygen gives support in respiratory also pivotal to restore tissue oxygen tension by bringing about an improvement in oxygen availability in various conditions such as cyanosis, COPD, shock, severe hemorrhage, respiratory/cardiac arrest and major trauma.
• By equipment, the global medical gases market is categorized into air compressors, masks, vacuum systems, manifolds, outlets, valves, and other. Others equipment sub-segment is bifurcated into alarm systems, cylinders, flow meters and regulators
• By end-user, the global medical gases market is categorized into hospitals, home healthcare, emergency services, pharmaceutical industry, and academic and research institutions.
• By region, North America medical gases market is expected to account for major share in terms of revenue in the global medical gases market over the forecast period, followed by other regions. This is attributed to increasing geriatric population along with increasing incidences of chronic diseases in countries of the region. Europe medical gases market is expected to account for second-highest share in terms of revenue in the near future.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Medical Gases Market”, By Product (Gases, Oxygen Gases, Carbon Dioxide Gases, Nitrogen Gases, Helium Gases, Medical Gases Mixture, Blood Gas Mixtures, Laser Gas Mixtures, Carbon Dioxide-Oxygen Mixtures, Biological, Atmospheres, Aerobic Gas Mixtures, Anaerobic Gas Mixtures, and Others (Lung Diffusion Mixtures, Helium-Oxygen Mixtures, and Ethylene Oxide)), By Equipment (Air Compressors, Masks, Vacuum Systems, Manifolds, Outlets, Valves, and Other (Alarm Systems, Cylinders, Flow Meters and Regulators)), By End-User (Hospitals, Home Healthcare, Emergency Services, Pharmaceutical Industry, And Academic and Research Institutions), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2034"

The prominent player operating in the medical gases market includes The Linde Group, Inc, Airgas, Inc, BeaconMedaes LLC, Medical Gas Solutions Ltd., Air Products and Chemicals, Inc, Praxair, Inc, L'Air Liquide S.A., Matheson Tri-Gas, Inc., Taiyo Nippon Sanso Corporation, and Atlas Copco AB.

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