US Medical Gas and Equipment Market

The US medical gas and equipment market is projected to reach USD 11.97 billion by 2031, up from USD 8.63 billion in 2025, at a CAGR of 5.6% over the forecast period.

The US medical gas and equipment market is growing steadily as adoption increases across respiratory care, critical care, and surgery. Rising cases of chronic and respiratory disorders, along with an aging population, continue to drive the adoption of medical gases, including oxygen and medical air, in healthcare facilities. The healthcare system also continues to expand and modernize infrastructure across hospitals, ambulatory surgical centers, and intensive care units, facilitating the adoption of advanced medical gas piping and distribution systems. Furthermore, technological innovation in portable oxygen systems, on-site medical gas generation, and medical monitoring devices is increasing efficiency and safety and facilitating the replacement of older medical gas systems.

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The prominent players in the US medical gas and equipment market include  Air Liquide (France), Linde PLC (Germany), Air Products and Chemicals, Inc. (US), Messer SE & Co. KGaA (Germany), and Taiyo Nippon Sanso Corporation (Japan)

The top players in the medical gases and equipment market continue to strengthen their positions through ongoing enhancements to centralized pipe distribution systems, manifolds, alarm stations, and on-site oxygen generation solutions. An increasing share of their R&D spending is devoted to developing digital, energy-saving medical gas systems featuring real-time tracking, predictive diagnostics, and redundancy to ensure uninterrupted oxygen, air, and vacuum delivery in operating rooms, ICUs, and emergency wards. In their bid to expand market share, leading companies are forming strategic partnerships with GPOs, health systems, and home care organizations to retrofit older medical gas infrastructures, comply with local US regulations, and adopt modular solutions for smaller hospitals and decentralized care environments. These partnerships typically include medical device products and services, professional healthcare training, system performance analysis and monitoring, and related sustainability initiatives, such as medical gas recycling and water conservation to reduce gas waste. This growing confidence among clinicians in advanced delivery and monitoring solutions is catalyzing rapid adoption in both high-acuity and at-home care markets.

• In June 2024, Messer Americas completed its purchase of the Federal Helium System from the US Bureau of Land Management (BLM), marking the transition of this critical national resource from federal to private ownership. The Federal Helium System, comprising the Federal Helium Reserve, the Cliffside Field and wells, the 423-mile crude helium pipeline, and related operational assets, has historically played a central role in helium supply for sectors including healthcare (e.g., MRI machines and breathing gas mixtures), research, aerospace, and manufacturing.
• In May 2021, Atlas Copco acquired the operating assets of Medigas Service & Testing Co. Inc., a New York–based supplier specializing in the service, verification, installation, and sale of piped medical and laboratory gas systems. Medigas, a privately owned company and an authorized BeaconMedaes representative, brought strong regional expertise and an established customer base across healthcare and laboratory facilities in the US.

Air Liquide (France)

Air Liquide S.A. is a world leader in gases, technologies, and services, and a significant player in the US medical gas and equipment market through its healthcare and distribution business operations. Since its founding in 1902, it has been headquartered in Paris, France. It operates in more than 70 countries, providing medical gases such as oxygen, nitrous oxide, and specialty gas mixtures to millions of customers, including hospitals, healthcare facilities, and laboratories. Air Liquide serves customers in the United States through its healthcare and distribution business activities and primarily caters to their needs through Airgas. This Air Liquide company is the leading provider of various medical, industrial, and specialty gases and related equipment infrastructure on a large scale through its network of over 1,100 locations and employees of over 1,500 well-trained healthcare professionals. Air Liquide’s healthcare businesses also provide a variety of gas infrastructure distribution, pipeline installation and service, portable oxygen systems, and other sophisticated healthcare-related services that enable healthcare facilities to ensure their safety and uninterrupted availability of critical gas supplies.

Linde PLC (Germany)

Linde PLC is a leading global industrial gas and engineering company that plays a major role in the US medical gas and equipment market. The company was formed in 2018 through the merger of Germany's Linde AG and the US-founded Praxair and is a leader in the supply of medical gases, such as oxygen for respiratory therapy, nitrogen for preservation, and helium for medical imaging, along with the delivery infrastructure and services to hospitals, clinics, laboratories, and nursing homes in the United States. Linde's healthcare portfolio combines high-quality gas production with a comprehensive distribution and support package, backed by one of the largest gas supply networks in the country. Its US operations are a dependable source of medical gas supply and related equipment, making it easier for healthcare providers to maintain care continuity while complying with strict safety and quality standards. In addition to hospital core supply, Linde also facilitates home care respiratory therapy through subsidiaries and network partners, thereby consolidating its position in the healthcare industry across different care settings.

MARKET RANKING

The competitive landscape in the US medical gas and equipment market is a blend of global industrial gas giants and specialized providers of medical gas technologies. Air Liquide (France) and Linde PLC (Germany) are among the top players, leveraging their massive bulk gas production facilities, nationwide distribution networks, and extensive portfolios of oxygen, nitrous oxide, medical air, and vacuum systems for hospitals and ambulatory centers to strengthen their positions. Air Products and Chemicals, Inc. (US) is a strong player in the market, with a long-term customer base, on-site generation solutions, and service-oriented products for acute care and home care settings. At the same time, Messer SE & Co. KGaA (Germany) is growing its presence in the US by offering dedicated healthcare gas solutions and pipeline equipment. Taiyo Nippon Sanso Corporation (Japan), through its US subsidiaries, is a step ahead in the competition with specialized high-purity gases and equipment for the most demanding, critical care units. Thus, buyers face fewer suppliers, but those suppliers are technologically advanced and concentrated across the country.

Related Reports:

US Medical Gas and Equipment Market by Type [Medical Gas (Oxygen, Nitrous Oxide), Medical Gas Equipment (Flowmeter, Others)], Application [Therapeutics, Diagnostics], End User [Hospital, Home Healthcare]—Forecast to 2031

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