Global Medical Gases Industry: Key Statistics and Insights in 2025-2033

Summary:

• The global medical gases market size reached USD 15.6 Billion in 2024.
• The market is expected to reach USD 26.2 Billion by 2033, exhibiting a growth rate (CAGR) of 5.76% during 2025-2033.
• North America leads the market, accounting for the largest medical gases market share.
• Pure gases account for the majority of the market share in the gas type segment due to their use in life-saving treatments.
• Therapeutics hold the largest share in the medical gases industry.
• Hospitals remain a dominant segment in the market because of their extensive need for gases like oxygen, nitrous oxide, and medical air for surgeries, critical care, and respiratory therapies.
• Rising healthcare spending is a key driver of the medical gases market.
• The increasing prevalence of chronic diseases is reshaping the medical gases market.

Industry Trends and Drivers:

• Rising healthcare expenditure:

As healthcare spending rises, more people seek medical care for preventive services, treatment of acute conditions, and management of chronic diseases. Medical gases are vital in many medical procedures and treatments, including anesthesia delivery during surgeries, oxygen therapy for respiratory conditions, and nitrous oxide for pain management. The increased use of healthcare services drives up the demand for medical gases. Also, high healthcare spending often leads to the construction and expansion of hospitals, clinics, and other healthcare facilities. These facilities need a steady supply of medical gases for various applications, including anesthesia, respiratory therapy, and diagnostic procedures.

• Increasing prevalence of chronic diseases:

Many chronic diseases, like chronic obstructive pulmonary disease (COPD), asthma, and cystic fibrosis, cause respiratory insufficiency or failure. Medical gases like oxygen are crucial for providing respiratory support to patients with these conditions. Oxygen therapy helps ease symptoms, improve exercise tolerance, and enhance the quality of life for individuals with chronic respiratory diseases. As the prevalence of these conditions rises, the demand for medical gases for respiratory support increases. Chronic pain is common in many chronic diseases, such as arthritis, neuropathy, and cancer. Nitrous oxide, known as laughing gas, is used for pain management in various medical procedures and treatments. Its pain-relieving properties are valuable for easing discomfort in patients with chronic conditions.

• Technological advancements:

Innovations in technology lead to the creation of advanced medical devices and equipment that rely on medical gases for various functions. Anesthesia machines, ventilators, and respiratory therapy devices use medical gases like oxygen, nitrous oxide, and carbon dioxide to support patient care. As these medical devices become more advanced and widely adopted, the demand for medical gases increases. Additionally, advancements in technology allow for the miniaturization and portability of medical devices, providing greater flexibility in healthcare delivery. Technological innovations also promote the development of more efficient and precise delivery systems for medical gases.

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Medical Gases Market Report Segmentation: