Medical Gas Market Size, Share, Growth Analysis, By Product(Pure Gases, Gas Mixtures), By Application(Therapeutic, Diagnostics), By End Use(Hospitals, Ambulatory Surgical Centers, Home Healthcare), By Region - Industry Forecast 2024-2031

Due to the existence of a small number of significant companies, the market is moderately consolidated. Leading players also participate in partnerships, product launches, mergers, and acquisitions to expand their product lines. For instance, Air Liquide S.A. agreed to buy South Africa's biggest oxygen production facility in June 2021. Strategically, Air Liquide and Sasol agreed that Air Liquide would acquire and run the plant. This plan is expected to improve the company's total manufacturing capability and solidify its position in the market. As a result, the market is expected to grow over the course of the projected period thanks to various strategies adopted by top players. The following are a few of the leading companies in the medical gas market.

Medical Gas Market Top Player’s Company Profiles

• Air Products and Chemicals, Inc.
• Air Liquide
• Linde plc.
• Praxair, Inc. (Now owned by Linde plc)
• Atlas Copco
• Taiyo Nippon Sanso Corporation
• Matheson Tri-Gas, Inc.
• SOL Group
• Messer Group
• Airgas, Inc. (Now owned by Air Liquide S.A.)
• BeaconMedaes LLC
• GCE Holding AB
• Medical Gas Solutions Ltd.
• Rotarex SA
• Allied Healthcare Products, Inc.
• Cavagna Group SpA
• Novair Medical
• Amico Corporation
• Gentec Corporation
• Ohio Medical Corporation.

Medical Gas Market Recent Development

• In June 2021, For the purpose of expanding its presence in the market for home healthcare, Air Liquide bought EOVE (France). A new business called EOVE is focused on producing ventilators for people with chronic respiratory failure who live at home.
• In April 2021, ALPIFLOW, a next-generation flow meter with a lifespan of more than ten years without additional maintenance, was introduced by Ceodeux Meditec. The device is directly connected to the Ceodeux Meditec ALPICONNECT or ALPINOX and MINIOX to control the flow of oxygen from portable oxygen cylinders and the hospital's pipeline system.