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India Medical Gases Market to Expand at 9.03% CAGR by 2034

12-02-2025 10:52 AM CET | Health & Medicine

Press release from: Expert Market Research

India Medical Gases Market to Expand at 9.03% CAGR by 2034

Why Is the India Medical Gases Market Growing Rapidly Between 2024 and 2034?

The India medical gases market is witnessing significant growth due to the increasing demand for hospital infrastructure, rising surgical procedures, and expansion of critical care services across India. Medical gases are essential for therapeutic, diagnostic, and pharmaceutical applications, making them indispensable in modern healthcare.

In 2024, the market was valued at USD 715.50 Million, and with a projected CAGR of 9.03%, it is expected to reach USD 1,698.52 Million by 2034. Growth is fueled by technological advancements in gas delivery systems, expanding hospital capacity, and increasing adoption of home healthcare solutions.

This article explores market drivers, segmentation, regional trends, key players, challenges, and the future outlook for the India medical gases market, answering questions that healthcare professionals, investors, and industry analysts are actively searching for.

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Understanding the India Medical Gases Market

Medical gases are used in healthcare settings for:

• Therapeutic applications (oxygen therapy, anesthesia, respiratory support)
• Diagnostic purposes (imaging, lab research)
• Pharmaceutical manufacturing and research

The demand for medical gases has increased due to:

• Rapidly growing hospital infrastructure
• Rising surgical and ICU procedures
• Expansion of pharmaceutical and biotechnology research
• Home healthcare adoption for chronic respiratory conditions

The market includes two main segments: medical gases (oxygen, nitrogen, carbon dioxide, nitric oxide, nitrous oxide, and other specialty gases) and medical gas equipment (cylinders, regulators, flow meters, manifolds, and delivery systems).

India Medical Gases Market Size and Growth Outlook

Market Highlights

• Market value in 2024: USD 715.50 Million
• Projected market value in 2034: USD 1,698.52 Million
• CAGR (2025-2034): 9.03%

Factors driving this growth include:

• Rising chronic respiratory disease prevalence
• Expansion of surgical procedures in private and public hospitals
• Adoption of home oxygen therapy
• Rising healthcare expenditure in India
• Government initiatives supporting hospital infrastructure

Key Factors Driving Market Growth

1. Expansion of Hospital Infrastructure

The number of hospitals, ambulatory surgical centers (ASCs), and specialized clinics is growing rapidly, creating higher demand for medical gases.

• Multi-specialty hospitals require continuous oxygen supply, anesthesia gases, and therapeutic gas delivery systems
• Critical care units need high-pressure cylinders and bulk gas supplies
• Modern hospitals invest in automated gas delivery systems for operational efficiency

2. Rising Surgical and Critical Care Procedures

Surgical procedures, ICU treatments, and emergency care increasingly rely on medical gases such as oxygen, nitrous oxide, and anesthetic gases.

• Hospitals are adopting high-purity gases for patient safety
• Growing number of ICU beds and critical care units directly drives demand for gases and related equipment

3. Increasing Demand for Therapeutic Gases

Therapeutic gases such as oxygen, nitric oxide, and helium are widely used for:

• Respiratory therapy
• Anesthesia during surgery
• Neonatal care
• Cardiopulmonary treatments

This segment is expected to grow strongly due to increasing chronic respiratory disorders and aging population.

4. Growth in Pharmaceutical Manufacturing and Research

Pharmaceutical and biotechnology companies require specialty gases for:

• Drug development
• Quality control
• Laboratory testing

The rise of R&D centers in India contributes to long-term demand.

5. Home Healthcare Expansion

Homecare adoption, particularly for oxygen therapy, is increasing due to:

• Affordable portable oxygen concentrators
• Remote patient monitoring
• Telemedicine support for chronic patients

This is boosting demand for smaller, portable gas delivery systems.

India Medical Gases Market Segmentation

By Product Type

• Medical Gases

Includes:

• Oxygen
• Nitrous oxide
• Carbon dioxide
• Nitric oxide
• Helium
• Specialty gases

• Medical Gas Equipment

Includes:

• Gas cylinders
• Regulators
• Flow meters
• Manifolds
• Piping systems

By Form of Delivery

• High-Pressure Cylinders

Used in hospitals, emergency units, and home care. Easy to transport and store.

• Liquid Tanks

Bulk liquid storage for high-demand hospitals and industrial pharmaceutical use.

• Bulk Delivery

Critical care units and large hospitals receive gases in bulk for continuous supply.

• Others

Includes gas packs, portable devices, and integrated delivery systems.

By Application

• Therapeutic Applications

Respiratory therapy, anesthesia, oxygen therapy, neonatal care, critical care.

• Pharmaceutical Manufacturing and Research

Used in drug development, laboratory research, and quality testing.

• Diagnostic Applications

Medical gases like helium and carbon dioxide are used in imaging and diagnostic tests.

• Others

Covers veterinary use, academic research, and emergency medical services.

Read the Full Report with the Table of Contents - https://bit.ly/48R1QvN.

By End User

• Hospitals

Major consumers due to high surgical volumes, ICUs, and emergency units.

• Ambulatory Surgical Centers (ASCs)

Smaller centers increasingly adopt portable gas systems.

• Home Healthcare

Portable oxygen systems and home therapeutic gas devices for chronic patients.

• Pharmaceutical and Biotechnology Companies

For R&D and drug manufacturing applications.

• Diagnostic and Research Laboratories

Labs require high-purity gases for accurate results.

• Academic and Research Institutions

Universities and research centers are growing end-users.

• Others

NGOs, mobile medical units, and specialty clinics.

By Region

• North India

Growing hospital infrastructure and urbanization are driving demand.

• West India

Industrialized states like Maharashtra and Gujarat are hubs for hospitals and pharma industries.

• South India

High adoption of advanced therapies and medical tourism contribute to demand.

• East India

Increasing government investments and private hospitals are expanding market reach.

Competitive Landscape

Leading players operating in the India medical gases market include:

• Linde India Limited
• INOX Air Products Limited
• Praxair India Private Limited
• Air Liquide India
• K-Air Speciality Gases Pvt. Ltd.
• SICGIL India Limited
• Bhuruka Gases Limited
• Uttam Air Products

Key Strategies Adopted by Players:

• Technological innovation in gas delivery systems
• Expansion of production and storage facilities
• Strategic partnerships with hospitals and pharma companies
• Development of homecare and portable gas solutions
• Focus on high-purity and specialty gases

Emerging Trends in the India Medical Gases Market

• Adoption of smart medical gas delivery systems with automated control
• Increasing integration with hospital management systems
• Growth in portable oxygen and homecare devices
• Rising demand for specialty gases in pharmaceutical and biotech R&D
• Focus on safe handling and compliance with regulatory standards
• Expansion of medical gas infrastructure in Tier-2 and Tier-3 cities

Opportunities in the India Medical Gases Market

• Growth in hospital beds and ICU capacity
• Rising number of ambulatory surgical centers
• Increased home healthcare adoption
• Expansion of pharmaceutical and biotechnology research
• Emerging medical tourism sector
• Government initiatives for hospital modernization

Challenges Facing the Market

• High initial cost of advanced medical gas equipment
• Need for trained personnel to handle gases
• Safety and regulatory compliance challenges
• Supply chain constraints for remote areas
• Competition from alternative therapies and oxygen concentrators

Future Outlook

The India medical gases market is projected to grow steadily due to continuous investments in hospital infrastructure, rising critical care procedures, and expanding homecare adoption. With technological advancements in gas delivery and the growth of pharmaceutical research, the market is expected to reach USD 1,698.52 Million by 2034, presenting lucrative opportunities for manufacturers, distributors, and healthcare providers.

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Contact Person: Roshan Kumar, Business Consultant
Email: sales@expertmarketresearch.com
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Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

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