India Meat Substitutes Market

India Medical Gas Market Overview:

The India medical gas market size reached USD 715.50 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,656.70 Million by 2033, exhibiting a growth rate (CAGR) of 9.03% during 2025-2033. The India medical gas market is driven by rapid healthcare infrastructure expansion, increasing adoption of advanced medical devices, rising demand for home healthcare services, government initiatives like the Ayushman Bharat scheme, and growing investments in domestic medical gas production, ensuring a steady supply to support hospitals, clinics, and emergency medical care.

India Medical Gas Market Trends:

Expansion of Healthcare Infrastructure

India has been investing heavily to upgrade its healthcare infrastructure, directly impacting the demand for medical gases. In the 2021-22 Union Budget, the Government of India invested INR 2,23,846 crore in health and well-being, which is a 137% rise from the last fiscal year. It placed INR 35,000 crore for the vaccine for COVID-19 and INR 64,180 crore for the Pradhan Mantri Atmanirbhar Swasth Bharat Yojana (PMASBY), a scheme to enhance the healthcare infrastructure in the country. The PMASBY aims at building the capacities of primary, secondary, and tertiary care health systems, reinforcing existing national institutions, and building new institutions to respond to the detection and treatment of new and emerging illnesses. The systematic approach ensures a strong healthcare system that can respond to the growing need for medical care. With escalating extension and upgradation of healthcare units, the need for medical gases like oxygen, nitrous oxide, and medical air grows, driving the expansion of the market for medical gases. Additionally, the government's focus on developing 17,788 rural and 11,024 urban Health and Wellness Centers under this scheme ensures that medical services reach further into the masses. This widespread growth requires a regular and sure supply of medical gases, hence upgrading the market.

Growth of the Medical Devices Sector

The Indian medical device industry has been on a steady growth path, contributing to the rising demand for medical gases. Medical devices like ventilators, anesthesia machines, and diagnostic equipment usually need medical gases to function. With the escalating production and use of such devices, medical gas consumption grows proportionally. Initiatives by the Indian government toward the development of local production of medical devices have been instrumental in driving this expansion. The Production-Linked Incentive Scheme for medical devices provides monetary rewards on incremental sales, both for domestic and overseas players, to upgrade their India production capabilities. This policy has led to the utilization and availability of medical devices and thus boosted demand for related medical gases. In addition, the medical devices industry is estimated to grow to USD 50 billion by 2030 at a CAGR of 16.4%. The projected growth demonstrates an ongoing and escalating need for medical gases necessary for the operation of many medical devices. In summary, the development of healthcare infrastructure and the rise of the medical devices industry are two major positive drivers of the Indian medical gas market. The development of both industries results in higher medical gas consumption, indicating the overall development of India's healthcare system.

India Medical Gas Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on gas type, application, and end user.

Gas Type Insights:

• Pure Gas
  • Medical Air
  • Medical 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

The report has provided a detailed breakup and analysis of the market based on the gas type. This includes pure gas (medical air, medical oxygen, nitrous oxide, nitrogen, carbon dioxide, and helium) and gas mixtures (aerobic gas mixtures, anaerobic gas mixtures, blood gas mixtures, lung diffusion mixtures, medical laser mixtures, medical drug gas mixtures, and others).

Application Insights:

• Therapeutic
• Diagnostic
• Biotechnology and Pharmaceutical Industry
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes therapeutic, diagnostic, biotechnology and pharmaceutical industry, and others.

End User Insights:

• Hospitals
• Home Healthcare
• Academic and Research Institutions

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes hospitals, home healthcare, and academic and research institutions.

Regional Insights:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Medical Gas Market News:

• September 2024: Linde India acquired Tata Steel's industrial gas supply assets under an agreement, expanding its presence in the Indian gas market. The expansion increases Linde's production capacity and distribution network, which indirectly supports the medical gas business. Greater infrastructure and investment in gas production provide a stable supply of medical gases throughout India.
• July 2024: Air Liquide India established a new manufacturing facility in Mathura to make industrial and medical gases, bolstering its supply chain in the nation. The plant is intended to address growing demand from the healthcare and industrial segments. The expansion enhances the supply of medical gases, underpinning hospitals and healthcare infrastructure development in India.

India Medical Gas Market Report Coverage:

Key Questions Answered in This Report:

• How has the India medical gas market performed so far and how will it perform in the coming years?
• What is the breakup of the India medical gas market on the basis of gas type?
• What is the breakup of the India medical gas market on the basis of application?
• What is the breakup of the India medical gas market on the basis of end user?
• What are the various stages in the value chain of the India medical gas market? 
• What are the key driving factors and challenges in the India medical gas market?
• What is the structure of the India medical gas market and who are the key players?
• What is the degree of competition in the India medical gas market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India medical gas market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India medical gas market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India medical gas industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.