According to FutureWise analysis, the medical gas market in 2026 is US$15.72 billion, and is expected to reach US$31.29 billion by 2036 at a CAGR of 7.13%.
The medical gas market is experiencing significant growth, largely driven by the rising prevalence of chronic respiratory diseases and an expanding elderly population across the globe. Among the various types of medical gases, oxygen and nitrous oxide are the most prominent, with oxygen holding the largest market share due to its essential role in respiratory therapy and emergency medical care. Hospitals remain the primary consumers of medical gases; however, there is a notable increase in demand for home healthcare applications as the healthcare sector shifts towards more patient-centered delivery models. Currently, North America is the leading region in the medical gas market, followed closely by Europe and Asia-Pacific. The Asia-Pacific region, in particular, is anticipated to experience the fastest growth, fueled by improvements in healthcare infrastructure and a rise in medical tourism. Key players within the industry are prioritizing technological advancements in gas delivery systems and forging strategic partnerships to enhance their distribution networks, ensuring they meet the evolving needs of the healthcare market.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Medical Gas Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Medical Gas Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.