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Medical Gases Market Share

Report ID: GMI5062
Published Date: May 2021
Report Format: PDF

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Medical Gases Market Share

Prominent companies operating in the market include

Linde Group plc
Air Liquide S.A.
Air Products and Chemicals, Inc
Gulf Cryo.

A balanced pool of organic and inorganic growth strategies is observed across market participants. Several organizations are resorting to brownfield investments by acquiring competitors to strengthen their market presence.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Medical gases are used for anesthesia, therapeutic, and diagnostic purposes in hospitals and healthcare facilities.

Medical gases industry size was valued at more than USD 14.1 billion in 2020 and will expand at a CAGR of 6.5% from 2021 to 2027.

Pure gases will register a share of more than 56.4% in 2020 and will depict lucrative growth owing to the surging demand for oxygen.

The use of medical gases in hospitals recorded a valuation of USD 8.5 billion in 2020 and will grow as hospitals have been the primary source of treatment at the global level.

Owing to state-of-the-art healthcare facilities in the U.S and Canada, North America medical gases market revenue was recorded at USD 4.9 billion in 2020.