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
Description
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.
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
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.
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
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. Medical Gas Application & Equipment Market Insights
- 4.1. Medical Gas Application & Equipment Market – Market Snapshot
- 4.2. Medical Gas Application & Equipment Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing Local Production and Gas Supply Capabilities
- 4.2.1.2. Growing Prevalence of Respiratory Diseases
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Initial Investment
- 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. Medical Gas Application & Equipment Market Trends
- 4.6. Value Chain Analysis
- 5. U.S. Medical Gas Application & Equipment Market, by Gas Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Medical Gas Application & Equipment Market, by Gas Type, 2020-2034 (USD billion)
- 5.3. Medical Oxygen
- 5.3.1. U.S. Medical Gas Application & Equipment Market, by Medical Oxygen, by Country, 2020–2034 (USD billion)
- 5.4. Helium
- 5.4.1. U.S. Medical Gas Application & Equipment Market, by Helium, by Country, 2020–2034 (USD billion)
- 5.5. Nitrous Oxide
- 5.5.1. U.S. Medical Gas Application & Equipment Market, by Nitrous Oxide, by Country, 2020–2034 (USD billion)
- 5.6. Carbon Dioxide
- 5.6.1. U.S. Medical Gas Application & Equipment Market, by Carbon Dioxide, by Country, 2020–2034 (USD billion)
- 5.7. Nitrogen
- 5.7.1. U.S. Medical Gas Application & Equipment Market, by Nitrogen, by Country, 2020–2034 (USD billion)
- 5.8. Other
- 5.8.1. U.S. Medical Gas Application & Equipment Market, by Other, by Country, 2020–2034 (USD billion)
- 6. U.S. Medical Gas Application & Equipment Market, by Equipment Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Medical Gas Application & Equipment Market, by Equipment Type, 2020-2034 (USD billion)
- 6.3. Respiratory Devices
- 6.3.1. U.S. Medical Gas Application & Equipment Market, by Respiratory Devices, by Country, 2020–2034 (USD billion)
- 6.4. Gas Delivery Systems
- 6.4.1. U.S. Medical Gas Application & Equipment Market, by Gas Delivery Systems, by Country, 2020–2034 (USD billion)
- 6.5. Gas Storage and Transport
- 6.5.1. U.S. Medical Gas Application & Equipment Market, by Gas Storage and Transport, by Country, 2020–2034 (USD billion)
- 6.6. Gas Monitoring Systems
- 6.6.1. U.S. Medical Gas Application & Equipment Market, by Gas Monitoring Systems, by Country, 2020–2034 (USD billion)
- 6.7. Others
- 6.7.1. U.S. Medical Gas Application & Equipment Market, by Others, by Country, 2020–2034 (USD billion)
- 7. U.S. Medical Gas Application & Equipment Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. U.S. Medical Gas Application & Equipment Market, by Medical Biotechnology, 2020-2034 (USD billion)
- 7.3. Therapeutic
- 7.3.1. U.S. Medical Gas Application & Equipment Market, by Therapeutic, by Country, 2020–2034 (USD billion)
- 7.4. Diagnostics
- 7.4.1. U.S. Medical Gas Application & Equipment Market, by Diagnostics, by Country, 2020–2034 (USD billion)
- 7.5. Pharmaceutical Manufacturing & Research
- 7.5.1. U.S. Medical Gas Application & Equipment Market, by Pharmaceutical Manufacturing & Research, by Country, 2020–2034 (USD billion)
- 7.6. Others
- 7.6.1. U.S. Medical Gas Application & Equipment Market, by Others, by Country, 2020–2034 (USD billion)
- 8. U.S. Medical Gas Application & Equipment Market, by End Use
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. U.S. Medical Gas Application & Equipment Market, by End Use, 2020-2034 (USD billion)
- 8.3. Hospitals
- 8.3.1. U.S. Medical Gas Application & Equipment Market, by Hospitals, by Country, 2020–2034 (USD billion)
- 8.4. Clinics
- 8.4.1. U.S. Medical Gas Application & Equipment Market, by Clinics, by Country, 2020–2034 (USD billion)
- 8.5. Research and Diagnostic Laboratories
- 8.5.1. U.S. Medical Gas Application & Equipment Market, by Research and Diagnostic Laboratories, by Country, 2020–2034 (USD billion)
- 8.6. Ambulatory Surgical Centers
- 8.6.1. U.S. Medical Gas Application & Equipment Market, by Ambulatory Surgical Centers, by Country, 2020–2034 (USD billion)
- 8.7. Home Healthcare
- 8.7.1. U.S. Medical Gas Application & Equipment Market, by Home Healthcare, by Country, 2020–2034 (USD billion)
- 8.8. Pharmaceutical & Biotechnology Companies
- 8.8.1. U.S. Medical Gas Application & Equipment Market, by Pharmaceutical & Biotechnology Companies, by Country, 2020–2034 (USD billion)
- 8.9. Others
- 8.9.1. U.S. Medical Gas Application & Equipment Market, by Others, by Country, 2020–2034 (USD billion)
- 9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
- 10. Company Profiles
- 10.1. Air Liquide
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Cryogenmash JSC
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Gas Malaysia Berhad
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. INOX Air Products Pvt. Ltd
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Linde Malaysia (formerly MOX-Linde Gases)
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Linde Plc
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. NovaAir Pvt. Ltd
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Suzhou Xinglu Air Separation Plant Science and Technology Development Co., Ltd.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Taiyo Nippon Sanso Corporation
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Universal Industrial Gases, Inc.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
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