The global medical gas market size was valued at USD 14.70 billion in 2023 and is projected to expand at a CAGR of 7.9% from 2024 to 2032.

The Report Covers Global Medical Gases and Equipment Companies and the market is segmented by Product Type (Medical Gases and Medical Gas Equipment), End User (Hospital, Ambulatory Care, Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report offers the value (in USD million) for the above segments.

Global Medical Gas Market market size valued at US$ 25.98 Billion in 2023, set to reach US$ 49.82 Billion by 2032 at a CAGR of 7.5% from 2024 to 2032.

This statistic shows the estimated market size of medical gas in the United States from 2012 to 2024, by type. Nitrous oxide used as a medical gas in the U.S. had an estimated market value of 210 million U.S. dollars in 2016. Medical gases are gases that are used for medical applications, such as asthma treatment.

Global Medical Gas Market size will exceed a valuation of USD 29.04 billion by 2032, to grow at a CAGR of 7.9% during the forecast period.

According to Cognitive Market Research, the global medical gas equipment market size will be USD 2415.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 966.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 724.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 555.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 120.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 48.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The vacuum systems/pumps is the fastest growing segment of the medical gas equipment industry

Market Dynamics of Medical Gas Equipment Market

Key Drivers for Medical Gas Equipment Market

Increasing Healthcare Infrastructure to Drive Market Growth

The expansion of healthcare infrastructure globally is a key factor driving the growth of the medical gas equipment market. Governments and private institutions, especially in emerging economies, are investing heavily in building new hospitals, clinics, and ambulatory care centers to meet the rising demand for healthcare services. This infrastructure expansion leads to a higher demand for essential medical equipment, including gas delivery systems for oxygen, nitrous oxide, and other gases used in surgeries, patient care, and emergency services. Additionally, many countries are focusing on upgrading outdated healthcare facilities to improve service quality and patient safety. Advanced medical gas systems, such as vacuum pumps and monitoring alarms, are critical to this modernization. As healthcare facilities grow in number and capacity, the need for efficient, compliant medical gas equipment is increasing, significantly boosting market growth.

Rising Number of Surgical Procedures Globally to Boost Market Growth

The rising number of surgical procedures globally is a significant driver for the medical gas equipment market. With increasing healthcare needs, particularly in treating chronic diseases like cancer, cardiovascular issues, and respiratory disorders, the demand for surgeries is growing rapidly. As surgeries often require anesthesia, respiratory support, and oxygen therapy, the need for reliable medical gas equipment is crucial. Additionally, advancements in minimally invasive surgeries and the expansion of elective procedures have further fueled this demand. Emerging economies, with improving healthcare infrastructure and growing medical tourism, are seeing a rise in surgeries, contributing to market growth. This trend, coupled with the global aging population, which requires more surgical interventions, ensures sustained growth for the medical gas equipment market. As surgical volumes increase, so does the need for advanced, efficient gas delivery systems.

Restraint Factor for the Medical Gas Equipment Market

High Initial Investment Costs Limit Market Growth

High initial investment costs are a significant barrier to the growth of the medical gas equipment market. Setting up advanced gas delivery systems in hospitals and healthcare facilities involves substantial capital expenditure, covering equipment like gas manifolds, compressors, flowmeters, and alarm systems. This poses a challenge, particularly for smaller healthcare facilities, ambulatory surgical centers, and healthcare providers in developing regions, where budget constraints are common. Additionally, ongoing maintenance, servicing, and compliance with stringent safety and regulatory standards add to the total cost of ownership, further limiting market expansion. Healthcare providers often delay upgrading or adopting new medical gas technologies due to these high upfront costs, opting instead for lower-cost alternatives or prolonged use of existing systems. As a result, this financial burden hampers the adoption of innovative ...

Global medical gases and equipment market is expected to grow at a CAGR of 6.2% and is anticipated to reach around USD 23,999.1 Million by 2026. Growing funding for healthcare research across the globe due to ongoing COVID-19 pandemic is major factor driving growth of the global medical gases and equipment’s market.

Global Medical Gas Equipment Market size & share value expected to touch USD 40.60 million by 2032, to grow at a CAGR of 7.10% during the forecast period.

The market size of the Medical Gas Analyzer Market is categorized based on Type (Single Gas Analyzer, Electrochemical, Optical, Infrared, Multiple Gas Analyzer) and Application (Hospitals, Ambulatory Surgery Centers, Pharma and Food, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

The Global Medical Gases and Equipment Market Size Was Worth USD 15.76 Million in 2023 and Is Expected To Reach USD 31.07 Million by 2032, CAGR of 7.83%.

The Global Medical Gas Equipment Market is expected to reach at a Significant CAGR during the forecast period 2024-2031 | DataM Intelligence

The size and share of the market is categorized based on Type (Medical center oxygen supply system, Medical Center Attraction System, Medical air compression system, Others) and Application (Hospital, Medical Agency) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

Global medical gas equipment market size and share are projected to reach USD 40.60 billion, at a CAGR of 7.10% during the forecast period by 2032. The vacuum systems/pumps segment held the largest revenue share in 2022, Market growth can be attributed to factors such as increased utilization and elevated pricing.

Global Medical Pharmaceutical Gas market size 2025 was XX Million. Medical Pharmaceutical Gas Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Report of Medical Gases is covering the summarized study of several factors encouraging the growth of the market such as market size, market type, major regions and end user applications. By using the report customer can recognize the several drivers that impact and govern the market. The report is describing the several types of Medical Gases Industry. Factors that are playing the major role for growth of specific type of product category and factors that are motivating the status of the market.

Global Medical Gases Equipment market size 2025 was XX Million. Medical Gases Equipment Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Medical Gas Analyzers Market size was valued at USD 259.77 million in 2022 and is expected to reach USD 383.49 million by 2031

Medical Gases and Equipment Market size was valued at US$ 12.6 Bn in 2022 and is projected to reach US$ 21.4 Bn by 2030, recording a CAGR of 7.90% during the forecast period.

Medical Gas Flow Meter Market is expected to reach a CAGR of YY% By 2031: DataM Intelligence