Medical Gas Market: Current Trends and Future Outlook 2024-2031
The medical gas market is a critical segment within the healthcare industry, providing essential gases used in various medical treatments, diagnostic procedures, and patient care. These gases include oxygen, nitrous oxide, carbon dioxide, and medical air, among others. As advancements in medical technology and an aging global population drive demand, the medical gas market is experiencing notable growth and transformation. This article explores the current state of the medical gas market, emerging trends, and future prospects. The medical gas market has been expanding steadily due to increasing healthcare needs, technological advancements, and rising awareness of healthcare services. Global Medical Gas Market size was valued at USD 12.8 billion in 2019 and is poised to grow from USD 13.83 billion in 2023 to USD 24.33 billion by 2031 , growing at a CAGR of 8.1% in the forecast period (2024-2031). This growth trajectory is influenced by several factors, including the increasing preva...