South East Asia Medical Gas Application & Equipment Market Size Worth USD 34.89 Billion by 2034 | CAGR: 5.8%

The South East Asia Medical Gas Application & Equipment market size is expected to reach USD 34.89 billion by 2034, according to a new study by Polaris Market Research. The report “South East Asia 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 Country – 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.

Thailand, Malaysia, and Singapore have become hubs for medical tourism due to its affordable yet high-quality healthcare services. This surge in international patients is pressuring hospitals to maintain world-class facilities, including state-of-the-art medical gas systems. The need for safe, efficient gas delivery during surgeries, recovery, and diagnostics is pushing healthcare providers to invest in modern equipment. Medical gas demand is expected to grow alongside infrastructure and service quality enhancements as the region continues to attract foreign patients for elective surgeries and treatments.

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South East Asia is seeing a surge in home-based healthcare services with an aging population and the increasing cost of hospital stays. Medical gas equipment such as portable oxygen concentrators and small-scale delivery units are in greater demand for elderly care, post-surgery recovery, and chronic illness management. Markets in Thailand, Malaysia, and Singapore are especially adopting these solutions due to improved patient education and support services. This trend is driving innovation in compact, user-friendly medical gas devices designed for nonclinical settings, opening up new growth opportunities in the consumer-facing segment of the South East Asia medical gas application & equipment market.

South East Asia Medical Gas Application & Equipment Market Report Highlights

• In 2024, the medical oxygen segment dominated with the largest share due to a high number of respiratory illness cases and rising hospital admissions.
• The pharmaceutical manufacturing & research segment is expected to experience significant growth driven by expanding drug production in countries such as Malaysia, Singapore, and Thailand.
• India dominated the market with the largest share in 2024, driven by its large healthcare infrastructure, rising patient volumes, and increasing awareness of critical care needs
• The industry in the Philippines is expected to witness significant growth during the forecast period, due to increasing investments in public and private healthcare infrastructure.
• A few key players in the South East Asia medical gas application & equipment market 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 South East Asia medical gas application & equipment market report on the basis of 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)

• Singapore
• India
• Malaysia
• Thailand
• Philippines
• Rest of South East Asia