Medical Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Medical Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5874
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Market Overview:

The global medical gases market size reached US$ 13.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.

Medical gases play a pivotal role in the functioning of hospitals and other healthcare facilities, including operating rooms, pre-communicators, recovery rooms, debridement rooms, obstetrics and gynecology wards, intensive care unit (ICU) wards, and general wards. They generally include oxygen, nitrogen, nitrous oxide, argon, helium, carbon dioxide (CO2), and compressed air, which are utilized in several medical procedures for treatment, anesthesia, and driving medical devices and tools. They are free from contamination, particles, oils, or odors and supplied in the dry form either in cylinders or from their central supply source through a piping network.

Medical Gases Market Trends:

The ongoing coronavirus disease (COVID-19) pandemic has triggered a medical emergency for oxygen gas, which is a safe and efficient treatment for patients experiencing breathing difficulties. In line with this, governments of numerous countries are focusing on importing and manufacturing medical oxygen gas to ensure its uninterrupted supply to COVID centers. Apart from this, medical gases like oxygen are used to treat specific health conditions, such as pneumonia, malaria, sepsis, and meningitis. This, in confluence with a significant rise in the number of individuals suffering from these ailments, is acting as another growth-inducing factor. Additionally, children and mothers are often administered medical oxygen to ease breathing when their lives are at risk during medical treatment. Besides this, the increasing prevalence of cancer and the need for surgical interventions are catalyzing the demand for liquid nitrogen as a cryogen to freeze and preserve blood, tissue, and other biological specimens and destroy diseased tissue in dermatology and cryosurgery. Furthermore, the introduction of premium medical-grade gases and gas mixtures is anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global medical gases market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on gas type, application and end user.

Breakup by Gas Type:

  • Pure Gases
    • 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
       

Breakup by Application:

  • Therapeutic
  • Diagnostic
  • Biotechnology and Pharmaceutical Industry
  • Others
     

Breakup by End User:

  • Hospitals
  • Home Healthcare
  • Academic and Research Institutions
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Products and Chemicals Inc., Airgas Inc. (Air Liquide S.A.), Ellenbarrie Industrial Gases Ltd, Linde plc, Matheson Tri-Gas Inc. (Mitsubishi Chemical Holdings Corporation), Messer Group GmbH, SCI Analytical Laboratories Inc, Sharjah Oxygen Company and SOL Spa.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
    Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Gas Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Air Products and Chemicals Inc., Airgas Inc. (Air Liquide S.A.), Ellenbarrie Industrial Gases Ltd, Linde plc, Matheson Tri-Gas Inc. (Mitsubishi Chemical Holdings Corporation), Messer Group GmbH, SCI Analytical Laboratories Inc, Sharjah Oxygen Company and SOL Spa.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Medical Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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