Chronic diseases, ageing population fuel medical gas market growth

Chronic diseases like COPD, asthma, and cancer are rising.

The global medical gas and equipment market is projected to grow from $21.03b in 2025 to $30.05b by 2031, at a CAGR of 6.2%, according to MarketsandMarkets™.

Growth is driven by rising demand for respiratory and critical care services, fueled by chronic diseases such as COPD, asthma, cardiovascular disorders, cancer, and COVID-19.

An aging population and increasing hospital admissions also contribute to the need for long-term therapies using oxygen and nitrous oxide.

Technological advances in smart gas delivery systems, automated monitoring, and portable devices are making treatments more effective and accessible, including in home healthcare.

Hospitals and clinics remain the largest users, requiring continuous gas supplies for emergency, surgery, intensive care, and chronic care services.

Medical gases dominate the market over equipment, as they are consumables used daily, while equipment is purchased less frequently.

Rising surgeries, ICU admissions, and long-term oxygen therapy are expected to maintain strong demand.

Moreover, the market’s growth is further supported by healthcare infrastructure investments, government funding, and strict regulatory standards ensuring uninterrupted gas supply in medical facilities.