Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the medical gas and equipment market grown over the years?

The market size increases for medical gas and equipment have been quite robust in recent times. It is projected to expand from a value of $21.99 billion in 2024 to $23.79 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. The growth seen in the historic period was due to numerous influencing factors such as personalized healthcare programs, educational outreach and general awareness raising, response to pandemics, advancements within the healthcare sector, and worldwide healthcare trends.

What Is the forecasted market size and growth rate for the medical gas and equipment market?

The market size for medical gas and equipment is anticipated to experience a swift expansion in the upcoming years. The projected growth would bring the market’s value up to $35.15 billion in 2029 with a compound annual growth rate (CAGR) of 10.2%. The reasons behind this predicted growth during the forecast period primarily include heightened spending on healthcare, the increasing prevalence of chronic diseases, the impact of the COVID-19 pandemic, a changing focus towards home healthcare, and amplified demand in developing markets. Significant trends anticipated for the forecast period feature cost effectiveness and accessibility, heightened awareness and education, progression towards personalized medicine, the development of telemedicine and distant monitoring, with an emphasis on green technology.

Get your medical gas and equipment market report here!

https://www.thebusinessresearchcompany.com/report/medical-gas-and-equipment-global-market-report

What are the major factors driving growth in the medical gas and equipment market?

The growth of the medical gas and equipment market is anticipated to be spurred by the rising incidence of respiratory illnesses. These diseases, affecting the lungs and various parts of the respiratory system, require medical gases and equipment for treatment, consequently boosting the market’s growth. The World Health Organization’s (WHO) 2023 Global Tuberculosis Report suggests an elevating trend in these diseases, with global incidence of tuberculosis climbing to 10.6 million cases in 2022—a rise from 2021—with an incidence rate of 136 cases per 100,000 populace. This upsurge highlights the escalating prevalence of respiratory diseases, further fuelling the need for essential medical gases and equipment to treat and manage these conditions.

What key areas define the segmentation of the global medical gas and equipment Market?

The medical gas and equipment market covered in this report is segmented –

1) By Type: Medical Gases, Medical Gas Mixtures, Biological Atmospheres, Medical Gas Equipment

2) By Application: Respiratory, Anesthesia, Medical Imaging, Cryosurgery, Therapeutic, Diagnostic

3) By End-User: Hospitals, Research Institutions, Home Healthcare, Pharmaceutical Industry And Academic, Biotechnology Industry, Emergency Service

Subsegments:

1) By Medical Gases: Oxygen, Nitrous Oxide, Carbon Dioxide, Helium, Nitrogen, Argon, Medical Air

2) By Medical Gas Mixtures: Oxygen-Nitrous Oxide Mixtures, Oxygen-Carbon Dioxide Mixtures, Other Specialty Gas Mixtures

3) By Biological Atmospheres: Anaerobic Atmospheres, Controlled Atmospheres, Refrigerated Atmospheres

4) By Medical Gas Equipment: Regulators, Flow Meters, Manifolds, Gas Cylinders, Pipeline Systems, Safety Systems, Gas Delivery Systems

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=8473&type=smp

What are the top market players propelling the growth of the medical gas and equipment industry?

Major companies operating in the medical gas and equipment market are Linde PLC, Praxair Inc., Air Liquide S.A., Atlas Copco AB, Messer Group GmbH, Taiyo Nippon Sanso Corporation, Gas Control Equipment Ltd., Rotarex S.A., SOL S.p.A., Amico Corporation, Air Products and Chemicals Inc., BeaconMedaes LLC, Flogas Britain Limited, Matheson Tri-Gas Inc., SCI Analytical Laboratories Inc., GCE Holding AB, Medical Gas Solutions Ltd., Ohio Medical Corporation, Powerex Corp., Gentec Corporation, Cramer Decker Medical Inc., PCI Gases, Precision Medical Inc., Bay Corporation, Amada Marvel Inc., BPR Medical, Calea, Cryofab Inc., EKOM spol. s r.o., Far East Gas Co. Ltd., Gascon Systems Pty Ltd.

What are the key trends shaping the future of the medical gas and equipment market?

Product innovation is emerging as a predominant trend in the medical gas and equipment market. Key players in this market are focusing on the development of new technologies to fortify their standing. To illustrate, Polarean Imaging, a U.S. medical drug-device combination firm, achieved FDA approval in March 2023 for Xenoview, the only inhaled MRI hyperpolarized contrast agent formed from xenon-129 gas. This revolutionary agent offers enhanced MRI evaluations of lung ventilation for individuals aged 12 and up, allowing for distinctive visualization of lung function, sans the risks related to ionizing radiation. This breakthrough indicates a major progression in the field of pulmonary medicine.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8473

What regions are dominating the medical gas and equipment market growth?

North America was the largest region in the medical gas and equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical gas and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Similar Reports By The Business Research Company:

Industrial Gas Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/industrial-gas-global-market-report

Industrial Gases-Glass Industry Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/industrial-gases-glass-industry-global-market-report

Welding Gas/Shielding Gas Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/welding-gas-or-shielding-gas-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: