Global Medical Gas Market Size & Outlook

The medical gas industry worldwide is expected to reach a projected revenue of US$ 25,552.5 million by 2030. A compound annual growth rate of 8.1% is expected of the worldwide medical gas industry from 2024 to 2030.

Revenue, 2023 (US$M)
$14,777.2
Forecast, 2030 (US$M)
$25,552.5
CAGR, 2024 - 2030
8.1%
Report Coverage
Worldwide

Global medical gas market highlights

  • The global medical gas market generated a revenue of USD 14,777.2 million in 2023 and is expected to reach USD 25,552.5 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 8.1% by 2030.
  • In terms of segment, hospitals accounted for a revenue of USD 13,761.4 million in 2023.
  • Ambulatory Surgical Centers is the most lucrative end use segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 14,777.2 million
Market revenue in 2030USD 25,552.5 million
Growth rate8.1% (CAGR from 2023 to 2030)
Largest segmentHospitals
Fastest growing segmentAmbulatory Surgical Centers
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHospitals, Ambulatory Surgical Centers

Other key industry trends

  • In terms of revenue, the North America accounted for 35.7% of the global medical gas market in 2023.

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Medical Gas Market Scope

Medical gas market segmentation & scope
Hospitals
Ambulatory Surgical Centers
Home Healthcare
Pharmaceutical And Biotechnology Companies
Diagnostic and Research Laboratories
Academic and Research Institutions
U.S.
Canada
UK
Sweden
Spain
Norway
Italy
Germany
France
Denmark
Argentina
Brazil
Mexico
UAE
South Africa
Saudi Arabia
Kuwait
Thailand
South Korea
India
China
Australia
Japan

Medical Gas Market Companies

Name Profile # Employees HQ Website

Global medical gas market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical gas market will help companies and investors design strategic landscapes.


hospitals was the largest segment with a revenue share of 93.13% in 2023. Horizon Databook has segmented the Global medical gas market based on hospitals, ambulatory surgical centers covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Medical Gas End Use Outlook (Revenue, USD Million, 2018-2030)
    • Hospitals
    • Ambulatory Surgical Centers
    • Home Healthcare
    • Pharmaceutical And Biotechnology Companies
    • Diagnostic and Research Laboratories
    • Academic and Research Institutions

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Target buyers of Global medical gas market databook

  • Our clientele includes a mix of medical gas market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global medical gas market , including forecasts for subscribers. This global databook contains high-level insights into Global medical gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global medical gases market statistics, by regions, 2018-2030 (US$M)

Global medical gas market, by region, 2023 (US$M)

Global medical gases market statistics, by regions, 2018-2030 (US$M)

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