U.S. Medical Gases Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025

Description

The U.S. medical gases market, valued at $3.9 billion in 2024, is projected to grow at a CAGR of 8.3%, reaching $7.3 billion by 2032. The market's expansion is driven by increasing healthcare demands, the rise in chronic respiratory diseases, and advancements in medical treatments such as high-flow nasal cannula (HFNC) and hyperbaric oxygen therapy (HBOT). With a growing elderly population, expanding healthcare facilities, and higher spending on medical services, the market is witnessing strong growth. Additionally, ongoing technological innovations and government regulations are shaping the development of the medical gases sector.

Key Insights

Pure gases, including oxygen and nitrogen, dominate the market, holding a 65% share in 2024, and are expected to grow at the highest rate. These gases are essential for treating respiratory conditions and anesthesia in various clinical settings.

Therapeutics is the largest application category, accounting for 45% of the market, driven by the widespread use of gases like oxygen for managing chronic diseases such as COPD and asthma.

The pharmaceutical manufacturing sector is the fastest-growing application, expanding at a CAGR of 8.7%, driven by the need for gases like nitrogen and carbon dioxide in drug production and packaging.

Hospitals are the largest end users, comprising 55% of the market share, primarily due to the essential role of medical gases in emergency care, surgeries, and intensive care units.

The market faces challenges from high production costs and regulatory pressures, particularly related to maintaining the purity and safety of medical gases. The FDA and OSHA regulations are critical for ensuring quality and safety standards.

The Southern U.S. region holds the largest market share, while the Western region is expected to experience the fastest growth, supported by advancements in healthcare infrastructure and increasing demand for medical gases.

Product Code: 13344

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Product
- 1.4.2. Market Size Breakdown, by Application
- 1.4.3. Market Size Breakdown, by End User
1.5. Market Data Reporting Unit
- 1.5.1. Revenue
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Industry Background
5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
5.3. Impact of COVID-19
5.4. Sociopolitical Impact
5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes

Chapter 6. Competitive Landscape

6.1. List of Market Players and their Offerings
6.2. Competitive Benchmarking of Key Players
6.3. Product Benchmarking of Key Players
6.4. Recent Strategic Developments by Key Players

Chapter 7. U.S. Market

7.1. Overview
7.2. Market Revenue, by Product (2019-2032)
7.3. Market Revenue, by Application (2019-2032)
7.4. Market Revenue, by End User (2019-2032)
7.5. Market Revenue, by Country (2019-2032)

Chapter 8. Northeast Market

8.1. Overview
8.2. Economic Indicators
8.3. Regional Hotspots
8.4. Growth Drivers
8.5. Challenges and Barriers
8.6. Competitive Strategies
8.7. Emerging Players
8.8. Import/Export Policies
8.9. Compliance Requirements
8.10. Emerging Investment Areas
8.11. Major Ongoing Projects
8.12. Market Size and Forecast
- 8.12.1. Market Revenue, by Product (2019-2032)
- 8.12.2. Market Revenue, by Application (2019-2032)
- 8.12.3. Market Revenue, by End User (2019-2032)

Chapter 9. Midwest Market

9.1. Overview
9.2. Economic Indicators
9.3. Regional Hotspots
9.4. Growth Drivers
9.5. Challenges and Barriers
9.6. Competitive Strategies
9.7. Emerging Players
9.8. Import/Export Policies
9.9. Compliance Requirements
9.10. Emerging Investment Areas
9.11. Major Ongoing Projects
9.12. Market Size and Forecast
- 9.12.1. Market Revenue, by Product (2019-2032)
- 9.12.2. Market Revenue, by Application (2019-2032)
- 9.12.3. Market Revenue, by End User (2019-2032)

Chapter 10. West Market

10.1. Overview
10.2. Economic Indicators
10.3. Regional Hotspots
10.4. Growth Drivers
10.5. Challenges and Barriers
10.6. Competitive Strategies
10.7. Emerging Players
10.8. Import/Export Policies
10.9. Compliance Requirements
10.10. Emerging Investment Areas
10.11. Major Ongoing Projects
10.12. Market Size and Forecast
- 10.12.1. Market Revenue, by Product (2019-2032)
- 10.12.2. Market Revenue, by Application (2019-2032)
- 10.12.3. Market Revenue, by End User (2019-2032)

Chapter 11. South Market

11.1. Overview
11.2. Economic Indicators
11.3. Regional Hotspots
11.4. Growth Drivers
11.5. Challenges and Barriers
11.6. Competitive Strategies
11.7. Emerging Players
11.8. Import/Export Policies
11.9. Compliance Requirements
11.10. Emerging Investment Areas
11.11. Major Ongoing Projects
11.12. Market Size and Forecast
- 11.12.1. Market Revenue, by Product (2019-2032)
- 11.12.2. Market Revenue, by Application (2019-2032)
- 11.12.3. Market Revenue, by End User (2019-2032)

Chapter 12. Company Profiles

Chapter 13. Appendix

13.1. Sources and References
13.2. Related Reports

U.S. Medical Gases Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)