North America Medical Gases Market
Market Size in USD Billion
CAGR :
% 
USD
1.44 Billion
USD
2.80 Billion
2024
2032
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 1.44 Billion |
 Market Size (Forecast Year) |
USD 2.80 Billion |
 CAGR |
% |
| Major Markets Players |
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North America Medical Gas Market Segmentation, By Product (Medical Gases and Medical Gas Equipment), Modality (Standalone and Integrated), Form of Delivery (High Pressure Cylinders, Liquid Cylinders, and Bulk Delivery), Application (Therapeutic, Diagnostic, Pharmaceutical Manufacturing and Research, and Others), End User (Hospitals, Home Healthcare, Academic & Research Institutions, Emergency Services, Pharmaceutical & Biotechnology Companies, Diagnostic & Imaging Centers, and Others) - Industry Trends and Forecast to 2032
Medical Gas Market Size
- The North America Medical Gas market size was valued at USD 1.44 billion in 2024 and is expected to reach USD 2.80 billion by 2032, at a CAGR of 8.7% during the forecast period
- This growth is driven by the hike in ageing population, rise in home healthcare facilities, and economy, increase in the cases of COPD.
Medical Gas Market Analysis
- Medical gases such as oxygen, nitrous oxide, medical air, and carbon dioxide are essential in patient care for anesthesia, ventilation, diagnostics, and therapy. These gases are administered through high-pressure cylinders or centralized systems and supported by gas equipment like flowmeters, regulators, vacuum systems, and manifolds.
- The growing burden of chronic diseases, increasing number of surgeries, and rising demand for emergency and home-based care are primary drivers. Rapidly aging populations and high pollution levels in urban centers have further pushed oxygen therapy adoption.
- The United States dominates the North America medical gas market due to its extensive hospital infrastructure, strong healthcare funding, and robust clinical research framework.
- Canada also contributes significantly with its universal healthcare system and focus on improving home-based respiratory care services.
- Medical oxygen segment is expected to dominate the North America medical gas market with the largest market share of 53.2% due to its critical application in surgical procedures, respiratory illnesses, and emergency care. Increased investment in PSA oxygen plants and oxygen therapy awareness post-COVID further supports its leadership.
Report Scope and Medical Gas Market Segmentation
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Attributes |
Medical Gas Key Market Insights |
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Segments Covered |
By Product: Medical Gases (Oxygen, Nitrous Oxide, Carbon Dioxide, Medical Air, Nitrogen, Others), Medical Gas Equipment (Manifolds, Hose Assemblies, Flowmeters, Vacuum Systems, Regulators, Outlets, Alarm Systems) By Modality: Standalone, and Integrated By Form of Delivery: High Pressure Cylinders, Liquid Cylinders, and Bulk Delivery By Application: Therapeutic, Diagnostic, Pharmaceutical Manufacturing and Research, and Others By End User: Hospitals, Home Healthcare, Academic & Research Institutions, Emergency Services, Pharmaceutical & Biotechnology Companies, Diagnostic & Imaging Centers, and Others |
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Countries Covered |
North America
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Key Market Players |
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Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework. |
Medical Gas Market Trends
“Expansion of Immuno-Oncology and Cell-Based Therapies”
A major trend in the Medical Gas market is the expansion of immuno-oncology and cell-based therapies such as CAR-T, which are transforming cancer treatment protocols
Rising investments by biotech companies in immune checkpoint inhibitors and genetically engineered T-cell therapies are driving long-term growth
For example, the growing number of clinical trials in CAR-T cell therapies across North America and North America signifies sustained innovation in personalized cancer treatment
Medical Gas Market Dynamics
Driver
“Rising Surgical Volume and ICU Demand”
North America sees a growing volume of surgical procedures, with over 50 million surgeries annually in the U.S. alone (American Hospital Association, 2023).
- For instance, an aging population—nearly 17% of the U.S. population is over 65—and a high incidence of chronic diseases such as COPD and cardiovascular disorders drive the need for medical gases in operating rooms, ICUs, and home care.
Opportunity “Government-Led Medical Infrastructure Projects”
The U.S. government’s Infrastructure Investment and Jobs Act has allocated USD 1.6 billion toward upgrading healthcare infrastructure, including hospitals and long-term care facilities.
- For instance, in 2024, Praxair introduced cloud-enabled gas monitoring systems across major U.S. health networks, enabling real-time pressure and volume tracking, thereby boosting market innovation.
Restraint/Challenge
“Supply Chain Inefficiencies and Infrastructure Gaps”
- Medical gas suppliers in North America face strict FDA and Health Canada regulations, leading to prolonged approval cycles.
For instance, in 2023, multiple firms reported 3–6 month delays in new device certifications. Additionally, disruptions such as Hurricane Ian and cross-border transportation bottlenecks caused severe slowdowns in aluminum regulator and valve component deliveries, resulting in temporary gas shortages in Midwest hospitals.
Medical Gas Market Scope
The market is segmented on the basis application, product type, technology, magnification type, end user, and distribution channel.
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Segmentation |
Sub-Segmentation |
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By Product |
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By Modality |
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By Form of Delivery |
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By Application |
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By End User |
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In 2025, the medical oxygen segment is projected to dominate the market with the largest share in product segment
In 2025, the medical oxygen segment is expected to dominate the North America medical gas market with the largest market share of 53.2% due to its critical application in surgical procedures, respiratory illnesses, and emergency care. Increased investment in PSA oxygen plants and oxygen therapy awareness post-COVID further supports its leadership.
The hospital segment is expected to account for the largest share during the forecast period in end user segment
In 2025, the hospital segment is expected to dominate the market with the largest market share of 60.1% owing to high patient footfall, surgical volume, and emergency care reliance. Government-backed infrastructure investments and smart hospital integrations further consolidate hospital leadership.
Medical Gas Market Regional Analysis
“United States Holds the Largest Share in the North America Medical Gas Market”
The United States dominates the North America medical gas market owing to its expansive public and private healthcare infrastructure, high adoption of medical technologies, and government healthcare reforms. • Continuous investments in hospital upgrades and emergency medical services drive significant demand for medical gases.
“Canada is Projected to Register the Highest CAGR in the North America Medical Gas Market”
Canada is expected to register the fastest growth due to its healthcare digitization initiatives, aging population, and increased investments in critical care infrastructure. • Government support for telehealth and portable respiratory solutions further accelerates growth in rural and remote regions.
Medical Gas Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
The Major Market Leaders Operating in the Market Are:
- Air Liquide (France)
- Linde plc (Ireland)
- Praxair Technology Inc. (U.S.)
- Messer Group GmbH (Germany)
- SOL Group (Italy)
- Atlas Copco AB (Sweden)
- GCE Group AB (Sweden)
- Taiyo Nippon Sanso Corporation (Japan)
- Air Water Inc. (Japan)
Latest Developments in North America Medical Gas Market
- In March 2024, Linde India announced a $60 million investment in new medical oxygen and nitrogen plants across Maharashtra and Gujarat
- In November 2023, Air Liquide expanded its bulk medical gas delivery system network to over 150 hospitals in Southeast Asia
- In July 2023, Taiyo Nippon Sanso Corporation introduced a next-gen oxygen flow monitoring system for smart hospitals in Japan
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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