Medical Gas Application & Equipment Market Size Worth USD 393.01 Billion by 2034 | CAGR: 6.4%

The medical gas application & equipment market size is expected to reach USD 393.01 billion by 2034, according to a new study by Polaris Market Research. The report “Medical Gas Application & Equipment Market Size, Share, Trends, Industry Analysis Report By Gas Type (Medical Oxygen, Helium), By Equipment Type, By Application, By End User, By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Medical gas equipment refers to the devices and systems used to store, regulate, and deliver medical gases such as oxygen, nitrous oxide, and medical air in healthcare settings. This includes cylinders, flowmeters, regulators, manifolds, gas pipelines, and alarm systems.

Government regulations and health authority guidelines strongly influence the medical gas application & equipment market by ensuring safety and quality in equipment and gas usage. Regulations mandate the proper installation, maintenance, and operation of gas systems in healthcare facilities. This creates demand for certified, compliant equipment and regular upgrades to meet changing standards. Moreover, during crises such as the COVID-19 pandemic, many governments prioritized oxygen supply infrastructure, which further drove investments in medical gas systems. Strong regulatory frameworks build trust and encourage healthcare facilities to adopt advanced and safe gas delivery equipment, ultimately contributing to market growth.

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Many patients prefer home-based treatment, especially for respiratory issues and post-surgical recovery, with aging populations and the rising cost of hospital care. This trend increases the demand for portable oxygen concentrators, cylinders, and other gas-related medical devices designed for home use. Home healthcare offers convenience and cost savings while maintaining patient safety, which makes it a popular choice in both developed and developing nations. Companies are now producing more compact and user-friendly gas delivery systems, supporting this shift in care delivery. The medical gas equipment market grows in response to these evolving needs as home healthcare expands.

Medical Gas Application & Equipment Market Report Highlights

• In 2024, the medical oxygen segment held the largest market share, primarily driven by the increasing prevalence of respiratory conditions such as COPD, pneumonia, and complications from COVID-19, which have amplified the demand for oxygen therapy.
• The pharmaceutical manufacturing and research segment is anticipated to register notable growth during the forecast period. The growth is attributed to the critical role medical gases play in drug production processes and laboratory-based applications.
• North America led the global market in 2024, supported by its advanced healthcare infrastructure, high medical spending, and strong adoption of modern gas delivery systems.
• The Asia Pacific industry is projected to experience rapid expansion during the forecast timeline, driven by growing investments in healthcare infrastructure, rising awareness of medical services, and increasing hospital development across the region
• A few global key market players are Air Liquide, Cryogenmash JSC, Gas Malaysia Berhad, INOX Air Products Pvt. Ltd, Linde Malaysia (formerly MOX-Linde Gases), Linde Plc, NovaAir Pvt. Ltd, Suzhou Xinglu Air Separation Plant Science and Technology Development Co., Ltd., Taiyo Nippon Sanso Corporation, and Universal Industrial Gases, Inc.

Polaris Market Research has segmented the medical gas application & equipment market report based on gas type, equipment type, application, end user, and region:

By Gas Type (Revenue - USD Billion, 2020–2034)

• Medical Oxygen
• Helium
• Nitrous Oxide
• Carbon Dioxide
• Nitrogen
• Others

By Equipment Type (Revenue - USD Billion, 2020–2034)

• Respiratory Devices
• Gas Delivery Systems
• Gas Storage and Transport
• Gas Monitoring Systems
• Others

By Application (Revenue - USD Billion, 2020–2034)

• Therapeutic
• Diagnostics
• Pharmaceutical Manufacturing & Research
• Others

By End User (Revenue - USD Billion, 2020–2034)

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Home Healthcare
• Academic & Research Institutions
• Pharmaceutical & Biotechnology Companies
• Others

By Regional Outlook (Revenue - USD Billion, 2020–2034)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America