Rising Prevalence Of Respiratory Diseases To Drive Market Growth: A Key Driver Powering Medical Gas And Equipment Market Growth In 2025

The Medical Gas And Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Medical Gas And Equipment Market Size and Its Estimated Growth Rate?
The market size of medical gas and equipment has seen robust growth over the past few years. Anticipated to expand from $21.99 billion in 2024 to $23.79 billion in 2025, it will proliferate at a compound annual growth rate (CAGR) of 8.2%. The significant growth witnessed during the historical phase can be ascribed to factors such as personalized medicine initiatives, efforts towards education and awareness, responses to pandemics, advancements in healthcare, and international trends in healthcare.

The market for medical gas and equipment is projected to witness a swift escalation in its size in the coming years, potentially reaching to $35.15 billion by 2029, with a compound annual growth rate (CAGR) of 10.2%. Factors contributing to this speculated growth in the forecast period include a spike in healthcare spending, an uptick in chronic illnesses, the influence of the COVID-19 pandemic, a shift towards home healthcare, and demand from developing markets. The forecast period will also see key trends such as cost effectiveness and accessibility, heightened awareness and education, a move towards personalised medicine, an uptake in telemedicine and remote monitoring, and a focus on green technology.

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How Are Emerging Segments Shaping the Medical Gas And Equipment Market Landscape?
The medical gas and equipment market covered in this report is segmented -

1) By Type: Medical Gases, Medical Gas Mixtures, Biological Atmospheres, Medical Gas Equipment
2) By Application: Respiratory, Anesthesia, Medical Imaging, Cryosurgery, Therapeutic, Diagnostic
3) By End-User: Hospitals, Research Institutions, Home Healthcare, Pharmaceutical Industry And Academic, Biotechnology Industry, Emergency Service

Subsegments:
1) By Medical Gases: Oxygen, Nitrous Oxide, Carbon Dioxide, Helium, Nitrogen, Argon, Medical Air
2) By Medical Gas Mixtures: Oxygen-Nitrous Oxide Mixtures, Oxygen-Carbon Dioxide Mixtures, Other Specialty Gas Mixtures
3) By Biological Atmospheres: Anaerobic Atmospheres, Controlled Atmospheres, Refrigerated Atmospheres
4) By Medical Gas Equipment: Regulators, Flow Meters, Manifolds, Gas Cylinders, Pipeline Systems, Safety Systems, Gas Delivery Systems

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Which Growth Factors Are Influencing Medical Gas And Equipment Market Expansion?
The escalating occurrence of respiratory illnesses is projected to stimulate the expansion of the medical gas and equipment market. These diseases impact the lungs and various parts of the respiratory system, with medical gases and equipment serving as crucial treatment measures. The rise in these illnesses subsequently contributes to market growth. For example, the World Health Organization's (WHO) 2023 Global Tuberculosis Report indicated that the estimated worldwide incidence of tuberculosis (TB) escalated to 10.6 million cases in 2022 - an incidence rate of 136 cases per every 100,000 individuals, marking an upward trajectory from 2021. This uptick highlights the growing occurrence of respiratory diseases, thereby boosting the demand for medical gases and equipment that are integral for the treatment and control of these health conditions.

Who Are the Dominant Players Across Different Medical Gas And Equipment Market Segments?
Major companies operating in the medical gas and equipment market are Linde PLC, Praxair Inc., Air Liquide S.A., Atlas Copco AB, Messer Group GmbH, Taiyo Nippon Sanso Corporation, Gas Control Equipment Ltd., Rotarex S.A., SOL S.p.A., Amico Corporation, Air Products and Chemicals Inc., BeaconMedaes LLC, Flogas Britain Limited, Matheson Tri-Gas Inc., SCI Analytical Laboratories Inc., GCE Holding AB, Medical Gas Solutions Ltd., Ohio Medical Corporation., Gentec Corporation, Cramer Decker Medical Inc., PCI Gases, Precision Medical Inc., Bay Corporation, Amada Marvel Inc., BPR Medical, Calea, Cryofab Inc., EKOM spol. s r.o., Far East Gas Co. Ltd., Gascon Systems Pty Ltd.

What Are the Latest Developing Trends in the Medical Gas And Equipment Market?
The penetration of product innovation has been identified as a prominent trend in the medical gas and equipment market. A number of major players within this market are concentrating on the creation of new technological solutions in order to consolidate their market standing. An example of this occurred in March 2023, when US-based medical drug-device combination firm, Imaging, was granted FDA approval for Xenoview. This is the first and only inhaled MRI hyperpolarized contrast agent to be made from xenon-129 gas. This revolutionary agent facilitates enhanced MRI assessments of lung ventilation for patients who are 12 years and older. It provides a unique way to visualize lung function without the potential hazards of ionizing radiation. This breakthrough represents major progress in the field of pulmonary medicine.

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Which Geographic Regions Are Expected to Dominate the Medical Gas And Equipment Market in the Coming Years?
North America was the largest region in the medical gas and equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical gas and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Gas And Equipment Market?
2. What is the CAGR expected in the Medical Gas And Equipment Market?
3. What Are the Key Innovations Transforming the Medical Gas And Equipment Industry?
4. Which Region Is Leading the Medical Gas And Equipment Market?

Why This Report Matters:

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