Press release
U.S. Medical Gas Application & Equipment Market Size to Reach USD 162.51 Billion by 2034 with a CAGR of 6.3%
U.S. Medical Gas Application & Equipment market size and share is currently valued at USD 88.85 billion in 2024 and is anticipated to generate an estimated USD 162.51 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034.Polaris Market Research has introduced the latest market research report titled U.S. Medical Gas Application & Equipment market that highlights the major revenue stream for the forecast period. The report contains clear, reliable, and thorough U.S. Medical Gas Application & Equipment market data and information that will undoubtedly help businesses to develop and boost return on investment (ROI). The report focuses on U.S. Medical Gas Application & Equipment market size, share, growth status, future trends, volume, and key market dynamics. The report identifies essential customer attributes in order to identify various demands throughout the industry. Then, the market competition is determined along with various activities performed by key companies in the market.
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The report demonstrates a statistical overview of the current market condition, future prospects, latest technological advancements, and opportunities-challenges of top key players. Further, the region that is expected to produce the greatest potential in the market is mentioned in the analysis report. As per U.S. Medical Gas Application & Equipment market segmentation by type, application, and region, this report provides accurate calculations and forecasts for consumption value in terms of volume and value. Market dynamics (mainly covering drivers, restraints, and opportunities) give crucial information for understanding the market.
Study Explore:
• Historical and recent key insights
• Market size by company, key regions/countries
• Driving forces and roadblocks
• Value chain analysis with price analysis and forecast
• New prospects and targeted marketing methodologies
• R&D and the demand for new product launches and applications.
• New Project Investment Feasibility Analysis
Competitive Landscape Analysis
The report enfolds top competitors' analysis where U.S. Medical Gas Application & Equipment market key players are covered along with competitor's strategy, sales, cost of production, standing position on the market organization size, share, growth, product line in the market, the financial status of competitors, and future expectation data throughout the forecast period. The study notes the reactions of competitors and enables business players to stay innovative and reduce business risks. Through this, players will be able to avoid repetitive mistakes in the business.
Some of the key players in the market include:
• 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
• Universal Industrial Gases, Inc.
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Market Analysis and Insights
The influential contents covered by the report include U.S. Medical Gas Application & Equipment market share information, analysis of smaller companies, merger and acquisition, investment plans, demand-supply, gross margin, and import-export. The next chapter of the study introduces the industrial chain analysis, as well as raw materials (suppliers, supply & demand, market concentration rate, cost) and downstream buyers. Next, the regional segmentation overview goes into in-depth detail about the geographical factors of the market. The regional and country-level analysis incorporates the demand and supply forces that are influencing market growth.
U.S. Medical Gas Application & Equipment market Segmentation
By Gas Type Outlook
• Medical Oxygen
• Helium
• Nitrous Oxide
• Carbon Dioxide
• Nitrogen
• Others
By Equipment Type Outlook
• Respiratory Devices
• Gas Delivery Systems
• Gas Storage and Transport
• Gas Monitoring Systems
• Others
By Application Outlook
• Therapeutic
• Diagnostics
• Pharmaceutical Manufacturing & Research
• Others
By End User Outlook
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Home Healthcare
• Academic & Research Institutions
• Pharmaceutical & Biotechnology Companies
• Others
When talking about research procedure, information involving percentage share splits and breakdowns is obtained from secondary sources and verified with primary sources. Our thorough research methodology will help you to provide the most accurate U.S. Medical Gas Application & Equipment market forecasts and estimates with minimal flaws. The key influencing factors and entry barriers in this industry are scrutinized using various tools such as Porter's Five Forces analysis and SWOT analysis.
Finally, the market prospects are enfolded, covering the sales and revenue forecast and regional forecast. The report then foresees the U.S. Medical Gas Application & Equipment market industry with respect to type and application. A perspective on sales, revenue, price, market share, and the growth rate by-product is given in this report. In addition, the report analysts have assessed each application's usage and growth rate. According to the estimates, the survey report helps business participants in making their business gainful and obtaining the best investment options.
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Highlights of The Research Report
• The report estimates the market share, value, and future development plans of the major industry manufacturers.
• It provides a better knowledge of the market's prospects and prognosis for the time period.
• A comprehensive analysis of factors that drive and restrain the growth of the industry is provided.
• The report provides a comprehensive analysis of the market with respect to dynamics, competitive analysis, and upcoming U.S. Medical Gas Application & Equipment market trends.
• The projections in this report are made by analyzing the current trends and future market potential in terms of value.
The Report Provides You Answer to Below Mentioned Question:
Q1. What are the U.S. Medical Gas Application & Equipment market statistics?
A -The U.S. market was valued at USD 88.85 billion in 2024 and is projected to reach USD 162.51 billion by 2034.
Q2. What is the growth rate of the U.S. Medical Gas Application & Equipment market ?
A -The market is expected to expand at a CAGR of 6.3% during the forecast period.
Q3. Who are the key players in the market?
A -Prominent companies operating in the market include 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.
Q4. Which gas type segment dominated the U.S. market in 2024?
A -The medical oxygen segment accounted for the largest share of the market in 2024.
Q5. Which application segment is expected to experience significant growth during the forecast period?
A -The pharmaceutical manufacturing & research segment is projected to record significant growth over the forecast period.
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