Global Medical Gases Market to Record Strong Returns Through 2027

July 21, 2021

According to the research report titled ‘Medical Gases Market Size By Gas Type (Pure Gases {Oxygen, Carbon Dioxide, Helium}, Gas Mixtures {Medical Air, Nitrous Oxide}), By End-use (Hospitals, Ambulatory Surgical Units, Specialized Clinics), COVID19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report LLC, global medical gases market is projected to expand substantially between 2021-2027.

Rising number of surgical procedures, growing geriatric population, and surging prevalence of cancer & respiratory disorders are key factors spurring global medical gases market expansion. Moreover, heightened government focus on enhancing healthcare infrastructure in view of the ongoing Covid-19 pandemic is aiding the industry growth.

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The report also cites that the pandemic has boosted demand of medical equipment in healthcare facilities, in turn, has augmented imports and raised local production & distribution of medical gas. While rising importance of regular oxygen supply in healthcare sector will continue facilitate the industry growth, high cost and shortage of helium will act as a major challenge for business operating in this domain.

Based on gas type, the market sphere is divided into pure gases (carbon-dioxide, oxygen, helium, others) and gas mixtures (nitrous oxide, medical gas, and others). Among these, the gas mixtures segment was appraised at USD 6.2 billion in 2020 and is estimated to grow significantly through 2027.

Moving on to end user spectrum, global medical gases industry is bifurcated into hospitals, specialized clinics, ambulatory surgical units, and others. Among these, the specialized clinics segment is anticipated to expand at 5.7% CAGR during 2021-2027. Surging demand for medical gases for patients on life support systems or which require intense care is a primary factor contributing to the segment growth.

Regionally speaking, Latin America held is projected to grow at 6.2% CAGR between 2021-2027, driven by the mounting demand for medical oxygen due to the second wave of the Covid-19 pandemic. Meanwhile, Middle East & Africa held 2.4% industry share in 2020 and is likely to witness steady expansion through 2027.

Key players profiled in the global medical gases market report are Linde plc, Air Products & Chemicals Inc., Chehab industrial & Medical Gases S.A.L., IJsfabreek Strombeek SA, Gulf Cryo, Messer Group GmbH, Air Liquide S.A., Taiyo Nippon Sanso Corporation, and Proton Gases (India) Private Limited.

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