You are viewing: Australia Medical Gas and Equipment Market analysis

The Australia Medical Gas and Equipment Market was valued at $4.34 Million in 2026 and projected to reach to $5.26 Million by 2031, representing a compound annual growth rate of 6.6%. Australia's medical gas and equipment market is positioned for steady growth through 2031, driven by an aging population requiring chronic disease management and increased healthcare spending.

Australia Medical Gas and Equipment Market Trends and Insights

  • Australia's healthcare infrastructure and aging population are driving demand for reliable medical gas supply systems and advanced equipment across hospitals, clinics, and home care settings.
  • The market in Australia is benefiting from increased investment in healthcare facilities and stricter regulatory standards that mandate high-quality medical gas delivery and safety compliance. During the forecast period from 2026 to 2031, Australia's medical gas and equipment sector is expected to experience steady expansion driven by technological innovation and rising patient volumes.
  • Australia's emphasis on healthcare modernization and the adoption of portable and efficient medical gas solutions are key factors supporting market growth.
  • The competitive landscape in Australia reflects both established suppliers and emerging players focused on meeting the nation's evolving healthcare demands..

Key Market Statistics

  • CAGR (2026-2031) 6.6% CAGR
  • Market Size, 2026 ~USD 4.34 Million
  • Forecast, 2031 ~USD 5.26 Million
  • Country Australia

Australia Medical Gas and Equipment Market Overview

Market Size & Growth :

Australia's medical gas and equipment market is valued at USD 4.34 million in 2026, projected to reach USD 5.26 million by 2031, with a robust CAGR of 6.6%, outpacing the global average of 5.9%.

Aging Population Driver :

Australia's rapidly aging demographic is significantly increasing demand for medical gases and respiratory equipment in hospitals, aged care facilities, and home care settings across the country.

Healthcare Infrastructure Expansion :

Investment in modern healthcare infrastructure and hospital modernization initiatives across Australian states are driving adoption of advanced medical gas delivery systems and equipment.

Home Care Market Growth :

Shift towards home-based healthcare and chronic disease management in Australia is creating substantial demand for portable medical gas systems and home care equipment solutions.

Australia Medical Gas and Equipment Market Dynamics

  • The country's well-developed healthcare system and emphasis on quality patient care are accelerating adoption of advanced medical gas technologies across hospitals, clinics, and home care environments.
  • Regional healthcare initiatives and government support for aged care infrastructure will further bolster market expansion.
  • Competition among suppliers is intensifying, with focus on reliability, safety standards, and cost-effective solutions tailored to Australian healthcare providers and patients..

Related Ecosystem

Medical Devices

Top Technologies
  • Polymerase Chain Reaction (PCR)
  • Magnetic Resonance Imaging (MRI)
  • Disposable Autoinjectors
  • Pulse Oximeters
  • Blood Pressure Monitors
Top Companies
  • Medtronic plc
  • Abbott Laboratories
  • Stryker Corporation
  • Becton, Dickinson and Company
  • JOHNSON & JOHNSON

    Key Takeaways

    • Australia's medical gas and equipment market is valued at USD 4.34 million in 2026 with projected growth to USD 5.26 million by 2031.
    • Australia's market is growing at a CAGR of 6.6%, outpacing the global average of 5.9% during the forecast period.
    • Australia's aging population and healthcare infrastructure investments are primary drivers of demand for medical gas systems and equipment.
    • Australia's regulatory environment and focus on healthcare modernization create opportunities for innovative medical gas delivery solutions.

    Medical Gas and Equipment Market Report Scope

    Report Metric Details
    Base Year 2026
    Fastest Growing Segment CHINA (Type)
    Forecast Period 2026–2031
    Growth Rate CAGR of 5.9% from 2026 to 2031
    Largest Segment HOSPITALS & CLINICS (Application)
    Market Size Base Year (Billions) ~USD 18.48 (2026)
    Revenue Forecast (Billions) ~USD 24.62 (2031)
    Segments Covered Type, Application, End User

    Australia Medical Gas and Equipment Market Report Segmentation

    3 segment dimensions are covered across the global market.

    By Type

    • Aerobic Mixtures
    • Anaerobic Mixtures
    • Anesthesia Delivery
    • Blood-Gas Mixtures
    • Carbon Dioxide
    • Carbon Dioxide- Oxygen Mixtures
    • Carbon Dioxide-Oxygen Mixtures
    • Cardiovascular Therapies
    • Cryogenic Products (Freezers)
    • Cryosurgery Applications
    • Cryosurgery Therapies
    • Equipment Accessories
    • Flowmeters
    • Gas Delivery Systems
    • Gas Monitoring Systems
    • General Laboratory Applications
    • Helium-Oxygen Mixtures
    • Hoses
    • Laser Gas Mixtures
    • Lung Diffusion Mixtures
    • Manifolds
    • Medical Air
    • Medical Air Compressors
    • Medical Gas Equipment
    • Medical Gas Mixtures
    • Medical Gases
    • Medical Imaging
    • Monitoring Systems (Alarms & Monitors)
    • Nitrogen
    • Nitrous Oxide
    • Nitrous Oxide-Oxygen Mixtures
    • Other Equipment Accessories
    • Other Medical Gas Mixtures
    • Other Pure Medical Gases
    • Other Therapeutic Applications
    • Oxygen
    • Pressure Gauges
    • Pure Medical Gases
    • Regulators
    • Respiratory Therapies
    • Vacuum Systems
    • Valves With Integrated Pressure Regulators (Viprs)

    By Application

    • Anesthesia Delivery
    • Cardiovascular Therapies
    • Cryosurgery Applications
    • Diagnostic Applications
    • General Laboratory Applications
    • Medical Imaging
    • Other Applications
    • Other Therapeutic Applications
    • Pharmaceutical Manufacturing & Research
    • Pharmaceutical Manufacturing & Research Applications
    • Respiratory Therapies
    • Therapeutic Applications

    By End User

    • Academic & Research Institutions
    • Home Healthcare
    • Hospitals & Clinics
    • Other End Users
    • Pharmaceutical & Biotechnology Companies
    • Pharmaceutical And Biotechnology Companies

    Target Audience

    • Medical Device Manufacturers : Manufacturers need Australia-specific market data to develop localized product strategies, identify distribution partnerships, and assess market entry feasibility in this growing healthcare sector.
    • Healthcare Facility Operators : Hospital administrators and aged care facility managers require market insights to optimize procurement decisions, evaluate supplier options, and plan equipment investments aligned with growth trends.
    • Medical Gas Suppliers & Distributors : Gas suppliers and distributors need detailed market analysis to identify growth opportunities, understand demand patterns, and develop targeted sales strategies for Australian healthcare providers.
    • Investment & Private Equity Firms : Investors evaluating opportunities in Australia's healthcare sector need comprehensive market data to assess growth potential, competitive dynamics, and return on investment prospects.
    • Healthcare Consultants & Advisors : Consultants advising healthcare organizations require Australia-specific market intelligence to provide strategic recommendations on equipment procurement, vendor selection, and market positioning.

    Key Companies in the Australia Medical Gas and Equipment Market

    CompanyHQOwnershipStrongest segments
    IMI PLCUnited KingdomPublic CompanyAutomation – industrial and process fluid control,Automation – pneumatic and electric motion systems,Life Technology – life science and fluid control,
    TEIJIN LIMITEDJapanPublic CompanyAramid, glass, and carbon fibers,Films and sheets (polycarbonate and microporous),Composites and resins,
    MALLINCKRODT PLCIrelandPrivate CompanyAutoimmune and rare-disease specialty therapies (neurology, rheumatology, nephrology),Immunotherapy and neonatal respiratory critical care,Analgesic and gastrointestinal legacy products,
    LINDE PLCUnited KingdomPublic CompanyAtmospheric gases (oxygen, nitrogen, argon, rare gases),Process gases (hydrogen, helium, CO2, CO, specialty and electronic gases),Engineering and turnkey process plants,
    AIR LIQUIDEFrancePublic CompanyLarge Industries (on-site gases, cogeneration, pipelines),Industrial Merchant (packaged and bulk gases, hardgoods, services),Healthcare (medical gases, homecare, equipment, specialty ingredients),
    MESSER SE & CO. KGAAGermanyPrivate CompanyAtmospheric gases (oxygen, nitrogen, argon),Process and fuel gases (CO2, acetylene, cutting and shielding gases),Hydrogen and helium,
    AIR PRODUCTS AND CHEMICALS, INC.United StatesPublic CompanyAtmospheric gases (oxygen, nitrogen, argon),Process gases (hydrogen, helium, CO2, CO, syngas),Specialty gases and electronics/medical,
    NIPPON SANSO HOLDINGS CORPORATIONJapanPublic CompanyIndustrial gases (bulk, onsite, cylinder),Medical gases,Electronic material gases,
    ATLAS COPCO ABSwedenPublic CompanyCompressor Technique (compressed air and gas, air and gas treatment, medical air),Vacuum Technique (vacuum pumps, turbomolecular and cryogenic pumps, abatement and systems),Industrial Technique (industrial assembly tools, self-pierce riveting, dispensing, pneumatic tools, machine vision),
    SOL SPAUnited StatesPublic CompanyMedsurg,Dental Solutions,Health Information Systems,
    NORCO INC.NorwayPublic CompanyConstruction & Real Estate Consulting (buildings and civic facilities),Infrastructure: Water, Geoscience, Environment, Transport,Energy & Industrial (renewables, industrial installations),
    SOUTHERN GAS LIMITEDUnited StatesPrivate CompanyRegulated gas distribution utilities,Pipeline operations and storage,Gas marketing and pipeline investments,
    DRäGERWERK AG & CO. KGAAGermanyPublic CompanyAcute care therapy (ventilators, anaesthesia, perioperative),Patient monitoring and IT/infrastructure,Neonatal and perinatal care,
    PT SAMATOR INDO GAS TBKIndonesiaPublic CompanyAir gases (oxygen, nitrogen, argon),Medical gases and homecare (Oxypure and related),Specialty, mixed, hydrocarbon, and electronic gases,

    IMI PLC

    IMI PLC is a United Kingdom-based public company founded in 1862 with 10,358 employees. The company operates as an established industrial manufacturer with a long operational history spanning over 160 years.

    TEIJIN LIMITED

    TEIJIN LIMITED is a Japanese public company founded in 1918 with 15,689 employees. The company is a major industrial enterprise with significant operations in Japan and internationally.

    MALLINCKRODT PLC

    MALLINCKRODT PLC is an Ireland-based private company founded in 1867 with 2,687 employees. The company operates as a specialized industrial manufacturer with a history dating back to the 19th century.

    LINDE PLC

    LINDE PLC is a United Kingdom-based public company founded in 1879 with 65,034 employees. The company is a major industrial enterprise with substantial global operations and workforce.

    AIR LIQUIDE

    AIR LIQUIDE is a France-based public company founded in 1902 with 63,126 employees. The company operates as a large-scale industrial enterprise with extensive international presence.

    MESSER SE & CO. KGAA

    MESSER SE & CO. KGAA is a Germany-based private company founded in 1898 with 11,701 employees. The company is an established industrial manufacturer with over a century of operational history.

    AIR PRODUCTS AND CHEMICALS, INC.

    AIR PRODUCTS AND CHEMICALS, INC. is a United States-based public company founded in 1940 with 21,194 employees. The company operates as a major industrial chemicals and gases manufacturer.

    NIPPON SANSO HOLDINGS CORPORATION

    NIPPON SANSO HOLDINGS CORPORATION is a Japanese public company founded in 1910 with 20,411 employees. The company is a significant industrial enterprise with long-established operations in Japan.

    ATLAS COPCO AB

    ATLAS COPCO AB is a Sweden-based public company founded in 1873 with 56,520 employees. The company is a major industrial manufacturer with substantial global operations and workforce.

    SOL SPA

    SOL SPA is a United States-based public company founded in 2023 with 20,584 employees. The company operates as a recently established industrial enterprise with significant workforce.

    NORCO INC.

    NORCO INC. is a Norway-based public company founded in 1929 with 7,004 employees. The company operates as an established industrial enterprise with operations spanning nearly a century.

    SOUTHERN GAS LIMITED

    SOUTHERN GAS LIMITED is a United States-based private company founded in 1856 with 5,000 employees. The company is an established industrial enterprise with operations spanning over 160 years.

    DRäGERWERK AG & CO. KGAA

    DRäGERWERK AG & CO. KGAA is a Germany-based public company founded in 1889 with 16,033 employees. The company is a major industrial manufacturer with significant global operations.

    PT SAMATOR INDO GAS TBK

    PT SAMATOR INDO GAS TBK is an Indonesia-based public company founded in 1916 with 1,695 employees. The company operates as an established industrial enterprise with over a century of operational history.

    Reasons to Buy this Report

    • Market-Specific Growth Insights : Understand Australia's unique 6.6% CAGR trajectory and identify high-growth segments within the country's medical gas and equipment sector through detailed regional analysis.
    • Competitive Landscape Intelligence : Gain actionable insights into key suppliers, market consolidation trends, and competitive positioning specific to Australia's healthcare market to inform strategic decisions.
    • Demographic & Healthcare Trends : Leverage data on Australia's aging population, healthcare infrastructure investments, and home care expansion to identify emerging opportunities and market gaps.
    • Regulatory & Compliance Framework : Access Australia-specific regulatory requirements, safety standards, and compliance pathways essential for market entry and product commercialization strategies.
    • Investment & Expansion Strategy : Make informed decisions on market entry, partnership opportunities, and expansion plans in Australia with comprehensive market sizing and forecast data through 2031.

    Frequently asked questions

    What is the current size of Australia's medical gas and equipment market?

    Australia's medical gas and equipment market is valued at USD 4.34 million in 2026 and is expected to reach USD 5.26 million by 2031.

    What is the growth rate for Australia's medical gas and equipment market?

    Australia's medical gas and equipment market is projected to grow at a CAGR of 6.6% from 2026 to 2031.

    What factors are driving growth in Australia's medical gas and equipment market?

    Australia's market growth is driven by an aging population, increased healthcare facility investments, regulatory compliance requirements, and adoption of advanced medical gas delivery technologies.

    How does Australia's market growth compare to global trends?

    Australia's CAGR of 6.6% exceeds the global CAGR of 5.9%, indicating stronger regional growth momentum in the medical gas and equipment sector.

    What are the key applications for medical gas and equipment in Australia?

    In Australia, medical gas and equipment are primarily used in hospitals, clinics, surgical centers, and home care settings for respiratory support, anesthesia delivery, and patient monitoring.

    RESEARCH METHODOLOGY

    This study involved four major activities in estimating the current medical gas and equipment market size. First, extensive secondary research was conducted to gather information on the market, including related and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

    Secondary Research

    The secondary research process involved the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the medical gas and equipment market. It was also used to obtain important information about the key players and market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

    Primary Research

    In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations operating in the medical gas and equipment market. The primary sources on the demand side included industry experts, purchasing and sales managers, doctors, and personnel from research organizations. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends and key market dynamics.

    A breakdown of the primary respondents for the medical gas and equipment market is provided below:

    Medical Gas and Equipment Market 
 Size, and Share

    Note 1: C-level primaries include CEOs, CFOs, COOs, and VPs.

    Note 2: Other designations include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.

    Note 3: Companies are classified into tiers based on their total revenue. Tier 1 = >USD 10.00 billion, Tier 2 = USD 1.00 billion to USD 10.00 billion, and Tier 3 = <USD 1.00 billion.

    To know about the assumptions considered for the study, download the pdf brochure

    Market Estimation Methodology

    For the global market value, annual revenues were calculated using revenue mappings of major product manufacturers and OEMs active in the global medical gas and equipment market. All the major product manufacturers were identified at the global and/or country/regional level. Revenue mapping for the respective business segments/sub-segments was done for the major players. Also, the global medical gas and equipment market was split into various segments and sub-segments based on:

    • List of major players operating in the products market at the regional and/or country level
    • Product mapping of various medical gas and equipment manufacturers at the regional and/or country level
    • Mapping of annual revenue generated by listed major players from medical gas and equipment (or the nearest reported business unit/product category)
    • Revenue mapping of major players
    • Extrapolation of the revenue mapping of the listed major players to derive the global market value of the respective segments/subsegments
    • Summation of the market value of all segments/subsegments to arrive at the global medical gas and equipment market

    The above-mentioned data was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.

    Medical Gas and Equipment Market Top Down and Bottom Up Approach

    Data Triangulation

    After arriving at the overall size of the global medical gas and equipment market through the above-mentioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact market value data for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both demand- and supply-side participants.

    Market Definition

    Medical gases and equipment are significant elements in medical centers (such as acute care, hospitals, surgery centers, and emergency medical services), life sciences (pharmaceutical, biotech, and life science R&D), long-term care (like nursing homes and home healthcare), and laboratories (including analytical, commercial, life sciences, and university laboratories). The market covers medical pure gases, medical gas mixtures, and various equipment used for the storage, transportation, and delivery of medical gases.

    Key Stakeholders

    • Medical gas manufacturers
    • Medical gases equipment manufacturing companies
    • Medical gases and equipment distributors
    • Healthcare institutions (hospitals, laboratories, medical schools, and outpatient clinics)
    • Pharmaceutical and biotechnology companies
    • Research institutes and academic centers
    • Contract research organizations (CROs)
    • Government associations
    • Home-healthcare services providers
    • Market research and consulting firms
    • Venture capitalists and investors

    Objectives of the Study

    • To describe, analyze, and forecast the medical gas and equipment market by type, application, end user and region
    • To describe and forecast the medical gas and equipment market for key regions—North America, Europe, the Asia Pacific, Latin America, the Middle East & Africa, and GCC Countries
    • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the medical gas and equipment market
    • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
    • To analyze market opportunities for stakeholders and provide details of the competitive landscape for market players
    • To profile key players and comprehensively analyze their market shares and core competencies2 in the medical gas and equipment market
    • To analyze competitive developments such as partnerships, collaborations, agreements & acquisitions, product launches, expansions, and R&D activities in the medical gas and equipment market

    Available Customizations

    With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:

    GEOGRAPHIC ANALYSIS

    • Further breakdown of the Rest of Europe medical gas and equipment market into Russia, Switzerland, Denmark, Austria, and others
    • Further breakdown of the Rest of Asia Pacific medical gas and equipment market into South Korea, Taiwan, and others
    • Further breakdown of the Rest of Latin America medical gas and equipment market into Argentina, Colombia, Chile, Ecuador, and others
    • Further breakdown of the Southeast Asia medical gas and equipment market into Malaysia, Singapore, New Zealand, and others

    COMPETITIVE LANDSCAPE ASSESSMENT

    • Market share analysis, by region (North America and Europe), which provides market shares of the top 3-5 key players in the medical gas and equipment market
    • Competitive leadership mapping for established players in the US

    Get the Full Medical Gas and Equipment Market Report

    Full forecast, segment splits, and company analysis for all Medical Gas and Equipment Market.

    Need a Tailored Report?

    Customize this report to your needs

    Get 10% FREE Customization

    Customize This Report
    Fact checked
    DMCA.com Protection Status