Press release
Global Medical Gas Market Growth, Trends & Forecast 2025-2033 | Leading key players - Messer Group GmbH, SOL Group, Matheson Tri-Gas, Inc.
Global Medical Gas Market
The Global Medical Gas Market reached US$ 18.98 billion in 2024 and is expected to reach US$ 68.31 billion by 2033, growing at a CAGR of 13.6% during the forecast period 2025-2033.
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The Medical Gas Market involves the production and supply of specialized gases like oxygen, nitrogen, and nitrous oxide used in healthcare settings. These gases support life-saving treatments, surgeries, and patient care by aiding respiration, anesthesia, and sterilization. Growing healthcare demands and technological advancements continue to drive this essential market's expansion worldwide.
Major players in the Medical Gas Market
The prominent players in Medical Gas market research report are: Air Liquide, Linde plc, Air Products and Chemicals, Inc., Messer Group GmbH, SOL Group, Matheson Tri-Gas, Inc., Atlas Copco, GCE Group, Nova Gas Technologies, and Gruppo SIAD, among others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In January 2025, INOX Air Products, India's largest industrial gases manufacturer, launched the country's first ultra-high purity electronic grade nitrous oxide plant in Manali, Chennai. With a production capacity of 1,700 tonnes per year, the facility ensures top-tier purity standards for electronic applications.
In July 2024, Adenia Partners completed the acquisition of Air Liquide's operations across 12 African countries, creating Erium - the first pan-African leader in industrial and medical gases. Erium will take over Air Liquide's presence in Benin, Burkina Faso, Cameroon, Congo, Côte d'Ivoire, Gabon, Ghana, Madagascar, Mali, the Democratic Republic of Congo, Senegal, and Togo, marking a significant shift in the region's gas industry landscape.
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Market Segments
By Product Type: Pure Gases, Gas Mixtures, Others.
By Application: Respiratory Therapy, Cardiovascular Therapy, Anesthesia Cryosurgery, Others.
By End-User: Hospitals & Clinics, Ambulatory Surgical Centers (ASCs) Home Healthcare, Pharmaceutical & Biotechnology Companies.
The Medical Gas industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Medical Gas Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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