Product Code: PM4179
The global medical gas market size is expected to reach USD 29.04 billion by 2032, according to a new study by Polaris Market Research. The report "Medical Gas Market Share, Size, Trends, Industry Analysis Report, By Product (Pure Gases, Gas Mixtures), By Application (Therapeutic, Diagnostics), By End-use (Hospitals, Home Healthcare), By Region, And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rapid escalation in the prevalence of chronic diseases is a key driver propelling the medical gas market. According to the World Health Organization (WHO), there has been a substantial increase in the incidence of diabetes, heart disease, and other non-communicable diseases globally in the past two decades. For instance, data from the Centers for Disease Control and Prevention (CDC) indicates that in 2018, 51.8% of adults in the United States were affected by at least one chronic condition, with 27.2% experiencing multiple chronic conditions. This surge in chronic diseases necessitates the use of medical gases at various stages of disease management and control, contributing to the growth of the market.
Medical gases play a crucial role in the treatment of chronic conditions in long-term care, and the increasing prevalence of such diseases is anticipated to fuel the growth of the market in the foreseeable future. Additionally, there is a growing demand for advanced medical gas equipment, including vacuum systems and manifolds. For instance, Powerex stands out as the pioneering manufacturer of medical gas systems that has undertaken testing and certification of manifolds. This commitment to quality and certification enhances the reliability and safety of medical gas systems, contributing to the overall expansion of the market.
The evolving landscape of healthcare, characterized by a shift towards personalized medicine, do-it-yourself (DIY) healthcare, and the homecare model, has opened substantial opportunities in the medical gases industry. Technological advancements and financial considerations fuel this transformation. One noteworthy outcome of this shift is the increased demand for medical gases in various home-based healthcare applications. Surgical medical interventions have experienced a surge in demand for medical gases. This trend is anticipated to persist and even grow over the next decade as healthcare delivery continues to embrace more patient-centric and home-based approaches.
Medical Gas Market Report Highlights
Pure gas segment garnered the largest share, owing to huge number of people suffering respiratory problems, and in surgical interventions
Therapeutic segment held the largest share, primarily due to rise in chronic diseases, and rise in old age population
North America accounted for the largest share, due to well-developed medical infrastructure
The key market players include Linde, Atlas Copco, Messer, Matheson Tri-Gas, Air Products and Chemicals, Air Liquide, & INOX-Air Products.
Polaris Market Research has segmented the medical gas market report based on product, application, end use, and region:
Medical Gas, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Pure Gases
- Medical Air
- Oxygen
- Nitrous Oxide
- Nitrogen
- Carbon Dioxide
- Helium
- Gas Mixtures
- Aerobic Gas Mixtures
- Anaerobic Gas Mixtures
- Blood Gas Mixtures
- Lung Diffusion Mixtures
- Medical Laser Mixtures
- Medical Drug Gas Mixtures
- Others
Medical Gas, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Therapeutic
- Diagnostics
- Pharmaceutical Manufacturing
- Others
Medical Gas, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Hospitals
- Ambulatory Surgical Centers
- Home Healthcare
- Pharmaceutical and Biotechnology Companies
- Diagnostic and Research Laboratories
- Academic and Research Institutions
Medical Gas, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Medical Gas Market Insights
- 4.1. Medical Gas Market - End Use Snapshot
- 4.2. Medical Gas Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing prevalence of respiratory diseases
- 4.2.1.2. Technological Advancements
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Costs Associated with Medical Gases
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Medical Gas Market End Use Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Medical Gas Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 5.3. Pure Gases
- 5.3.1. Global Medical Gas Market, by Pure Gases, by Region, 2019-2032 (USD Billion)
- 5.3.2. Medical Air
- 5.3.2.1. Global Medical Gas Market, by Medical Air, by Region, 2019-2032 (USD Billion)
- 5.3.3. Oxygen
- 5.3.3.1. Global Medical Gas Market, by Oxygen, by Region, 2019-2032 (USD Billion)
- 5.3.4. Nitrous Oxide
- 5.3.4.1. Global Medical Gas Market, by Nitrous Oxide, by Region, 2019-2032 (USD Billion)
- 5.3.5. Nitrogen
- 5.3.5.1. Global Medical Gas Market, by Nitrogen, by Region, 2019-2032 (USD Billion)
- 5.3.6. Carbon Dioxide
- 5.3.6.1. Global Medical Gas Market, by Carbon Dioxide, by Region, 2019-2032 (USD Billion)
- 5.3.7. Helium
- 5.3.7.1. Global Medical Gas Market, by Helium, by Region, 2019-2032 (USD Billion)
- 5.4. Gas Mixtures
- 5.4.1. Global Medical Gas Market, by Gas Mixtures, by Region, 2019-2032 (USD Billion)
- 5.4.2. Aerobic Gas Mixtures
- 5.4.2.1. Global Medical Gas Market, by Aerobic Gas Mixtures, by Region, 2019-2032 (USD Billion)
- 5.4.3. Anaerobic Gas Mixtures
- 5.4.3.1. Global Medical Gas Market, by Anaerobic Gas Mixtures, by Region, 2019-2032 (USD Billion)
- 5.4.4. Blood Gas Mixtures
- 5.4.4.1. Global Medical Gas Market, by Blood Gas Mixtures, by Region, 2019-2032 (USD Billion)
- 5.4.5. Lung Diffusion Mixtures
- 5.4.5.1. Global Medical Gas Market, by Lung Diffusion Mixtures, by Region, 2019-2032 (USD Billion)
- 5.4.6. Medical Laser Mixtures
- 5.4.6.1. Global Medical Gas Market, by Medical Laser Mixtures, by Region, 2019-2032 (USD Billion)
- 5.4.7. Medical Drug Gas Mixtures
- 5.4.7.1. Global Medical Gas Market, by Medical Drug Gas Mixtures, by Region, 2019-2032 (USD Billion)
- 5.4.8. Others
- 5.4.8.1. Global Medical Gas Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Medical Gas Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 6.3. Therapeutic
- 6.3.1. Global Medical Gas Market, by Therapeutic, by Region, 2019-2032 (USD Billion)
- 6.4. Diagnostics
- 6.4.1. Global Medical Gas Market, by Diagnostics, by Region, 2019-2032 (USD Billion)
- 6.5. Pharmaceutical Manufacturing
- 6.5.1. Global Medical Gas Market, by Pharmaceutical Manufacturing, by Region, 2019-2032 (USD Billion)
- 6.6. Others
- 6.6.1. Global Medical Gas Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Medical Gas Market, by End Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 7.3. Hospitals
- 7.3.1. Global Medical Gas Market, by Hospitals, By Region, 2019-2032 (USD Billion)
- 7.4. Ambulatory Surgical Centers
- 7.4.1. Global Medical Gas Market, by Ambulatory Surgical Centers, By Region, 2019-2032 (USD Billion)
- 7.5. Home Healthcare
- 7.5.1. Global Medical Gas Market, by Home Healthcare, By Region, 2019-2032 (USD Billion)
- 7.6. Pharmaceutical and Biotechnology Companies
- 7.6.1. Global Medical Gas Market, by Pharmaceutical and Biotechnology Companies, By Region, 2019-2032 (USD Billion)
- 7.7. Diagnostic and Research Laboratories
- 7.7.1. Global Medical Gas Market, by Diagnostic and Research Laboratories, By Region, 2019-2032 (USD Billion)
- 7.8. Academic and Research Institutions
- 7.8.1. Global Medical Gas Market, by Academic and Research Institutions, By Region, 2019-2032 (USD Billion)
8. Global Medical Gas Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Medical Gas Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Medical Gas Market - North America
- 8.3.1. North America: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.3.2. North America: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.3.3. North America: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Medical Gas Market - U.S.
- 8.3.4.1. U.S.: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Medical Gas Market - Canada
- 8.3.5.1. Canada: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.4. Medical Gas Market - Europe
- 8.4.1. Europe: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.4.3. Europe: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Medical Gas Market - UK
- 8.4.4.1. UK: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Medical Gas Market - France
- 8.4.5.1. France: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.4.5.3. France: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Medical Gas Market - Germany
- 8.4.6.1. Germany: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Medical Gas Market - Italy
- 8.4.7.1. Italy: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Medical Gas Market - Spain
- 8.4.8.1. Spain: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Medical Gas Market - Netherlands
- 8.4.9.1. Netherlands: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Medical Gas Market - Russia
- 8.4.10.1. Russia: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.5. Medical Gas Market - Asia Pacific
- 8.5.1. Asia Pacific: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Medical Gas Market - China
- 8.5.4.1. China: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.5.4.3. China: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Medical Gas Market - India
- 8.5.5.1. India: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.5.5.3. India: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Medical Gas Market - Malaysia
- 8.5.6.1. Malaysia: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Medical Gas Market - Japan
- 8.5.7.1. Japan: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Medical Gas Market - Indonesia
- 8.5.8.1. Indonesia: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Medical Gas Market - South Korea
- 8.5.9.1. South Korea: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.6. Medical Gas Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Medical Gas Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Medical Gas Market - UAE
- 8.6.5.1. UAE: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Medical Gas Market - Israel
- 8.6.6.1. Israel: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Medical Gas Market - South Africa
- 8.6.7.1. South Africa: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.7. Medical Gas Market - Latin America
- 8.7.1. Latin America: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Medical Gas Market - Mexico
- 8.7.4.1. Mexico: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Medical Gas Market - Brazil
- 8.7.5.1. Brazil: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Medical Gas Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Medical Gas Market - Argentina
- 8.7.6.1. Argentina: Medical Gas Market, by Product, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Medical Gas Market, by End Use, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Medical Gas Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Linde plc
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Air Liquide
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Atlas Copco
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Messer
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Air Products and Chemicals Inc.
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. TAIYO NIPPON SANSO CORPORATION
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Matheson Tri-Gas Inc.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. INOX-Air Products Inc.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development