Medical Gases and Equipment Market By Gas Type (Pure Gases (Medical Air, Carbon Dioxide, Oxygen, Nitrogen, Nitrous Oxide, Helium) and Gas Mixtures (Carbon Dioxide Oxygen Mixtures, Oxygen-Nitrous Oxide Mixtures, Ethylene Oxide, Oxyfume 2000, Helium Oxygen Mixtures, Aerobic Mixtures, Anaerobic Mixtures, Blood Gas Mixtures, Laser Gas Mixtures, and Lung Mixtures)), By Equipment (Manifolds, Vacuum Systems, Alarm Systems, Flowmeters, Medical Air Compressors, Cylinders, Hose Assemblies and Valves, Outlets, Regulators, and Masks), By Application (Therapeutic, Diagnostic, and Others), and By Region - Trends, Analysis, and Forecast till 2030

Medical Gases and Equipment Market size accounted for USD 14.23 Billion in 2020 and is estimated to be USD 25.62 Billion by 2030 and is anticipated to register a CAGR of 6.10%.

For medical purposes, medication processing, and research, medical gases and equipment are frequently utilised in the healthcare industry. When it comes to the patient's recovery and the chance of contracting an infection from medical gases, the purity of the gases is crucial. Due to the rising elderly population and improvements in the pharmaceutical sector, the market for medical gases and equipment has significant growth potential. The patient's recovery and the possibility of contracting an infection from medical gases both depend critically on the purity of the gases. This enables the production of medical gases in accordance with predetermined requirements.

In medicine, drug production, and research, medical gases and equipment are frequently employed. A combination of the rising elderly population and improvements in the pharmaceutical sector bode well for the medical gases and equipment market's future expansion. either the rising prevalence of respiratory disorders or chronic diseases. The most often used gases are oxygen, nitrogen, carbon dioxide, hydrogen, ammonia, argon, and several more types. Medical gases can be either a single pure gas or a combination of several gases.

Medical Gases and Equipment Market is segmented based on gas type, equipment, application, and region.

On the basis of Gas type, the Medical Gases and Equipment Market is segmented into Pure Gases (Medical Air, Carbon Dioxide, Oxygen, Nitrogen, Nitrous Oxide, Helium) and Gas Mixtures (Carbon Dioxide Oxygen Mixtures, Oxygen-Nitrous Oxide Mixtures, Ethylene Oxide, Oxyfume 2000, Helium Oxygen Mixtures, Aerobic Mixtures, Anaerobic Mixtures, Blood Gas Mixtures, Laser Gas Mixtures, and Lung Mixtures). On the basis of Equipment, the Medical Gases and Equipment Market is segmented into Manifolds, Vacuum Systems, Alarm Systems, Flowmeters, Medical Air Compressors, Cylinders, Hose Assemblies and Valves, Outlets, Regulators, and Masks. On the basis of Application, the Medical Gases and Equipment Market is segmented into Therapeutic, Diagnostic, and Others.

Regional Insights:

On region the Medical Gases and Equipment Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The medical gas market was dominated by North America, which had a 35.9% revenue share in 2021 and is anticipated to increase at a significant rate over the forecast period.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Medical Gases and Equipment Market report based on device, contain, deployment and region:

Medical Gases and Equipment Market, By Gas Type 

• Pure Gases (Medical Air, Carbon Dioxide, Oxygen, Nitrogen, Nitrous Oxide, and Helium)
• Gas Mixtures (Carbon Dioxide Oxygen Mixtures, Oxygen-Nitrous Oxide Mixtures, Ethylene Oxide, Oxyfume 2000, Helium Oxygen Mixtures, Aerobic Mixtures, Anaerobic Mixtures, Blood Gas Mixtures, Laser Gas Mixtures, and Lung Mixtures)

Medical Gases and Equipment Market, By Equipment

• Manifolds
• Vacuum Systems
• Alarm Systems
• Flowmeters
• Medical Air Compressors
• Cylinders
• Hose Assemblies and Valves
• Outlets
• Regulators
• Masks

Medical Gases and Equipment Market, By Application

• Therapeutic
• Diagnostic
• Others

Medical Gases and Equipment Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the Medical Gases and Equipment Market includes Matheson Tri-Gas Inc., Linde Group, L'Air Liquide S.A., Air Products and Chemicals Inc., Praxair Inc., Air Gas Inc., BeaconMedaes LLC, and Medical Gas Solutions Inc.

Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in August2022, Telstra touts proposed restructures ‘transparency’ and ‘flexibility’, in its newly released plan brochure, Telstra said the restructuring would create better transparency of its assets across its customer and infrastructure businesses, which would "allow management to increase efficiency and effectiveness".

• Matheson Tri-Gas Inc.
• Linde Group
• L'Air Liquide S.A.
• Air Products and Chemicals Inc.
• Praxair Inc.
• Air Gas Inc.
• BeaconMedaes LLC
• Medical Gas Solutions Inc.