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
Description
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.
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
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.
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
Table of Contents
125 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. U.S. Nanocatalysts Market Insights
- 4.1. Nanocatalysts Market – Market Snapshot
- 4.2. Nanocatalysts Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Advancements in Nanotechnology and Material Science
- 4.2.1.2. Expanding Urbanization
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Cost and Complexity of Production
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Nanocatalysts Market Trends
- 4.6. Value Chain Analysis
- 5. U.S. Nanocatalysts Market, by Material
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Nanocatalysts Market, by Material, 2020-2034 (USD Million)
- 5.3. Metal-based Nanocatalysts
- 5.3.1. U.S. Nanocatalysts Market, by Metal-based Nanocatalysts, by Region, 2020-2034 (USD Million)
- 5.4. Metal Oxide Nanocatalysts
- 5.4.1. U.S. Nanocatalysts Market, by Metal Oxide Nanocatalysts, by Region, 2020-2034 (USD Million)
- 5.5. Carbon-based Nanocatalysts
- 5.5.1. U.S. Nanocatalysts Market, by Carbon-based Nanocatalysts, by Region, 2020-2034 (USD Million)
- 5.6. Polymeric Nanocatalysts
- 5.6.1. U.S. Nanocatalysts Market, by Polymeric Nanocatalysts, by Region, 2020-2034 (USD Million)
- 5.7. Composite Nanocatalysts
- 5.7.1. U.S. Nanocatalysts Market, by Composite Nanocatalysts, by Region, 2020-2034 (USD Million)
- 6. U.S. Nanocatalysts Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Nanocatalysts Market, by Application, 2020-2034 (USD Million)
- 6.3. Petroleum Refining
- 6.3.1. U.S. Nanocatalysts Market, by Petroleum Refining, by Region, 2020-2034 (USD Million)
- 6.4. Chemicals
- 6.4.1. U.S. Nanocatalysts Market, by Chemicals, by Region, 2020-2034 (USD Million)
- 6.5. Environmental
- 6.5.1. U.S. Nanocatalysts Market, by Environmental, by Region, 2020-2034 (USD Million)
- 6.6. Energy & Fuel Cells
- 6.6.1. U.S. Nanocatalysts Market, by Energy & Fuel Cells, by Region, 2020-2034 (USD Million)
- 6.7. Automotive
- 6.7.1. U.S. Nanocatalysts Market, by Automotive, by Region, 2020-2034 (USD Million)
- 6.8. Electronics & Semiconductor
- 6.8.1. U.S. Nanocatalysts Market, by Electronics & Semiconductor, by Region, 2020-2034 (USD Million)
- 6.9. Food & Beverage
- 6.9.1. U.S. Nanocatalysts Market, by Food & Beverage, by Region, 2020-2034 (USD Million)
- 6.10. Pharmaceuticals & Biotechnology
- 6.10.1. U.S. Nanocatalysts Market, by Pharmaceuticals & Biotechnology, by Region, 2020-2034 (USD Million)
- 7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
- 8. Company Profiles
- 8.1. BASF SE
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. Dow, Inc.
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. Evonik Industries AG
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. Johnson Matthey Plc
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. Nexceris
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. OSAKA Titanium Technologies
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. QuantumSphere, Inc.
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. Sakai Chemical
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. Umicore N.V.
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
- 8.10. W. R. Grace & Co
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Recent Development
- 8.11. Zeolyst International
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.11.4. Recent Development
Pricing
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