Asia Pacific Medical Gas Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product (Medical Gases, Medical Gas Mixtures, Medical Gas Equipment), By End User (Hospitals & Clinics, Home Healthcare), and Asia Pacific Medical Gas Equipment Market Insights, Industry Trends, Forecast to 2035

Asia Pacific Medical Gas Equipment Market Insights Forecasts To 2035

• The Asia Pacific Medical Gas Equipment Market Size Was Estimated At USD 5.1 Billion In 2024
• The Market Size Is Expected To Grow At A CAGR Of Around 10.57% From 2025 To 2035
• The Asia Pacific Medical Gas Equipment Market Size Is Expected To Reach USD 15.4 Billion By 2035

According To A Research Report Published By Spherical Insights & Consulting, The Asia Pacific Medical Gas Equipment Market Size Is Anticipated To Reach USD 15.4 Billion By 2035, Growing At A CAGR Of 10.57% From 2025 To 2035. The market is driven by rising chronic respiratory diseases (COPD, asthma), expanding healthcare infrastructure, increasing government investments, and the surge in home healthcare/POCD.

Market Overview

The Asia Pacific Medical Gas Equipment Market Size Involves The Production, Distribution And Use Of Equipment For The Storage, distribution and administration of gases (e.g. oxygen, nitrogen, CO2) essential for health care, which is facing increasing chronic diseases (respiratory/cardiovascular), increasing health care spending and growing infrastructure in countries such as China, India and Japan, covering equipment ranging from regulators and cylinders to complex systems for hospitals, home care and research. Market opportunities in the Asia Pacific medical gas equipment market are growing rapidly, driven by aging population, increasing chronic diseases and increasing healthcare spending, including home healthcare (portable oxygen, nebulizers), digital integration (IoT for remote monitoring), new hospital infrastructure and advanced products such as gas mixing and on-site oxygen systems, especially in China, India, Japan, and South Korea.

Report Coverage

This Research Report Categorizes The Market Size For The Asia Pacific Medical Gas Equipment Market Based On Various Segments And Regions, And Forecasts Revenue Growth And Analyses Trends In Each Submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific medical gas equipment market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific medical gas equipment market.

Driving Factors

The Asia-Pacific Medical Gas Equipment Market Size Is Primarily Driven By The Rising Burden Of Chronic Respiratory Diseases (COPD, Asthma), An Aging Population Needing Long-Term Care, And Rapid Healthcare Infrastructure Development/Investment, Especially Post-Pandemic. Technological advancements like portable devices and remote monitoring, increasing home healthcare demand, and supportive government initiatives further fuel market growth, as does the higher need for surgical support in high-volume countries like China and Japan.

Restraining Factors

Restraining Factors In The Asia Pacific Medical Gas Equipment Market Size Include High Costs Of Advanced Systems, Complex And Stringent Regulations, issues with supply chain disruptions (leading to gas shortages), limited reimbursement policies, the need for specialized skilled personnel, and challenges in infrastructure for smaller facilities, all hindering broader adoption, especially in developing APAC nations.

Market Segmentation

The Asia Pacific medical gas equipment market share is categorised into product and end user.

• The medical gases segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Asia Pacific Medical Gas Equipment Market Size Is Segmented By Product Into Medical Gases, Medical Gas Mixtures, Medical Gas Equipment. Among these, the medical gases segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. It is due to high demand for respiratory therapies, anesthesia, and surgical needs, with pure gases holding the largest segment share, while medical gas equipment (like oxygen delivery systems) also sees strong growth, especially oxygen delivery systems.

• The hospitals & clinics segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

Based On End User, The Asia Pacific Medical Gas Equipment Market Size Is Segmented Into Hospitals & Clinics, Home Healthcare. Among these, the hospitals & clinics segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. primarily because they are central to surgeries, emergency care, and intensive respiratory support, requiring essential gases (oxygen, nitrous oxide) for life-saving procedures, driving high demand for reliable, large-scale gas systems, despite growing home healthcare adoption.

Competitive Analysis:

The Report Offers The Appropriate Analysis Of The Key Organizations/Companies Involved Within The Asia Pacific Medical Gas Equipment Market Size, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and Medical Gas Equipment. This allows for the evaluation of the overall competition within the market.

List of Key Companies                                                                                                                              

• Linde plc
• Air Liquide
• Atlas Copco AB
• Taiyo Nippon Sanso Corporation (Japan)
• Amico Group
• Gentec Corp.
• Powerex
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Asia Pacific, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Asia Pacific medical gas equipment market based on the below-mentioned segments:

Asia Pacific Medical Gas Equipment Market, By Product

• Medical Gases
• Medical Gas Mixtures
• Medical Gas Equipment
• Embryos

Asia Pacific Medical Gas Equipment Market, By End User

• Hospitals & Clinics
• Home Healthcare