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Medical Gas Equipment Market - By Product, By End Use - Global Forecast, 2026 - 2035
Report ID: GMI840
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Published Date: December 2025
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Report Format: PDF
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Authors: Mariam Faizullabhoy, Gauri Wani
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Base Year: 2025
Companies covered: 15
Tables & Figures: 85
Countries covered: 19
Pages: 140
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Medical Gas Equipment Market
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Medical Gas Equipment Market Size
The global medical gas equipment market size was valued at USD 3.3 billion in 2025 and is projected to grow from USD 3.5 billion in 2026 to USD 6.6 billion by 2035, expanding at a CAGR of 7.2%, according to the latest report published by Global Market Insights Inc.
The market is experiencing steady growth, driven by technological advancements in medical gas equipment, growth in home healthcare and oxygen therapy, favorable initiatives undertaken by government organizations, and rising surgical and ICU admissions. The top five companies in the market include Air Liquide, Allied Healthcare Products, Atlas Copco Group, GCE Group, and Linde.
The market has grown from USD 2.8 billion in 2022 to USD 3.1 billion in 2024, fueled by the expansion of home healthcare and oxygen therapy. This trend is primarily driven by the rising prevalence of chronic respiratory conditions such as COPD, asthma, and sleep apnea, along with an aging population that requires long-term oxygen support in home settings. For instance, according to the World Health Organization (WHO), COPD ranks as the fourth leading cause of death worldwide, responsible for approximately 3.5 million deaths in 2021, accounting for around 5% of all global fatalities. In high-income countries, tobacco smoking accounts for over 70% of COPD cases, while in low- and middle-income countries (LMICs), smoking contributes to 30-40%, with household air pollution being a significant risk factor.
The increasing preference for home-based care, driven by its cost-effectiveness, convenience, and ability to reduce hospital readmissions, combined with technological advancements such as portable oxygen concentrators and lightweight cylinders, is making oxygen therapy more accessible. Supported by favorable reimbursement policies and a shift toward value-based care, these factors are accelerating demand for medical gas delivery systems, regulators, and monitoring equipment, positioning home healthcare as a critical growth segment in the market.
The rising number of surgical procedures and ICU admissions is a key driver of the medical gas equipment market. Surgical interventions, ranging from elective to emergency operations, require dependable medical gas systems for anesthesia, ventilation, and patient monitoring. For instance, according to the World Health Organization, an estimated 313 million surgical procedures are performed annually.
However, in low- and middle-income countries (LMICs), 60% of surgeries are emergency cases, and an additional 143 million procedures are needed each year to save lives and prevent disability. Intensive care units also rely heavily on oxygen, nitrous oxide, and other medical gases to support critically ill patients with respiratory distress, trauma, or post-operative complications. The surge in ICU admissions, particularly following the COVID-19 pandemic, has underscored the need for advanced respiratory support and uninterrupted oxygen supply. These factors collectively drive the demand for medical gas delivery systems, monitoring equipment, and related infrastructure, reinforcing the importance of surgical and critical care settings in market growth.
Medical gas equipment refers to the devices and systems used to store, regulate, and deliver medical gases such as oxygen, nitrous oxide, carbon dioxide, medical air, and vacuum to patients in healthcare settings. These gases are essential for various clinical applications, including respiratory therapy, anesthesia, intensive care, and surgical procedures.
20% market share
Medical Gas Equipment Market Trends
Medical Gas Equipment Market Analysis
The global market was valued at USD 2.8 billion in 2022. The market size reached USD 3.1 billion in 2024, from USD 3 billion in 2023.
Based on product, the market is bifurcated into manifolds, outlets, hose assemblies and valves, alarm systems, cylinders, flowmeters, regulators, medical air compressors, vacuum systems, and other products. The vacuum systems segment was valued at USD 745.7 million in 2025 and is expected to reach USD 1.5 billion by 2035.
Based on end use, the medical gas equipment market is segmented into hospitals, clinics, ambulatory surgical centers, and other end users. The hospitals segment held a market size of USD 1.5 billion in the year 2025.
North America Medical Gas Equipment Market
North America dominated the global market with a market share of 42.5% in 2025, the region's hospitals and surgical centers, backed by advanced healthcare infrastructure and a strong focus on patient safety and operational efficiency, are early adopters of automated, digitally controlled gas systems, IoT-enabled monitoring, and on-site generation technologies.
Europe Medical Gas Equipment Market
Europe market accounted for USD 859.9 million in 2025 and is anticipated to show lucrative growth over the forecast period.
Germany medical gas equipment market is projected to experience steady growth between 2026 and 2035.
Asia Pacific Medical Gas Equipment Market
The Asia Pacific region is projected to be valued at USD 734.8 million in 2025.
Japan medical gas equipment market is poised to witness lucrative growth between 2026 - 2035.
Latin America Medical Gas Equipment Market
Brazil is experiencing significant growth in the Latin America market.
Middle East and Africa Medical Gas Equipment Market
The market in Saudi Arabia is expected to experience significant and promising growth from 2026 to 2035.
Medical Gas Equipment Market Share
Medical Gas Equipment Market Companies
Few of the prominent players operating in the medical gas equipment industry include:
Allied Healthcare Products is recognized for its specialization in emergency and respiratory care solutions. The company provides a comprehensive range of medical gas equipment, including oxygen regulators, flowmeters, and portable systems designed for hospitals, clinics, and home-care settings.
Air Liquide stands out as a global leader in the production and distribution of medical gases, supported by an extensive supply network that ensures uninterrupted availability. The company offers integrated solutions, including gas delivery systems, pipeline installations, and home oxygen therapy services.
Atlas Copco Group is renowned for its expertise in on-site gas generation systems, particularly oxygen and nitrogen, which reduce dependency on traditional cylinder supplies. Its unique selling proposition is centered on energy-efficient and automated solutions that deliver cost savings and reliability for healthcare facilities.
Medical Gas Equipment Industry News:
The medical gas equipment market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million and from 2022 - 2035 for the following segments:
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Market, By Product
Market, By End Use
The above information is provided for the following regions and countries: