Medical Gas
Introduction
Medical gas refers to gases and gas mixtures used in healthcare settings for therapeutic, diagnostic, and surgical applications. These gases are critical components of modern medicine, supporting respiratory care, anesthesia, sterilization, and clinical diagnostics.
Common medical gases include oxygen, nitrous oxide, carbon dioxide, nitrogen, helium, and medical air, each serving a specific role in patient care and laboratory procedures. With the growing emphasis on healthcare infrastructure, medical gas production, storage, and distribution systems have become increasingly sophisticated to ensure safety, purity, and reliability.
Market Overview
Global Market Size (2024): USD 16.5 billion
Projected Market Size (2031): USD 25.8 billion
CAGR (2024–2031): ~6.5%
The demand for medical gases is growing due to rising healthcare expenditure, expanding hospital infrastructure, and the increasing prevalence of respiratory and chronic diseases such as COPD, asthma, and sleep apnea.