India Medical Gases Market, By Region, Competition, Forecast & Opportunities, 2020-2030F

The India Medical Gases Market was valued at USD 0.72 Billion in 2024, and is expected to reach USD 1.13 Billion by 2030, rising at a CAGR of 8.10%. Market expansion is being driven by the strengthening of healthcare infrastructure and a rising demand for quality medical treatments. Medical gases such as oxygen, nitrous oxide, carbon dioxide, and medical air are essential in surgical procedures, critical care, and chronic disease management across hospitals, clinics, and homecare settings.

The COVID-19 pandemic significantly emphasized the need for robust oxygen supply systems, prompting greater investment in production and delivery infrastructure. Technological advancements, particularly in centralized pipeline systems, are improving efficiency and safety in gas delivery. Increasing surgical volumes and a growing incidence of respiratory illnesses such as asthma and COPD are further propelling market demand. Expansion into underserved tier 2 and tier 3 cities is being facilitated through public-private partnerships, domestic manufacturing, and government initiatives aimed at boosting self-sufficiency in medical oxygen and related equipment.

Key Market Drivers

Rise in Chronic and Respiratory Diseases

The rising prevalence of chronic and respiratory diseases in India is a key factor contributing to the demand for medical gases. Conditions such as asthma, COPD, and cardiovascular diseases are becoming increasingly common due to environmental pollution, smoking, and changing lifestyles. As a result, there is a growing requirement for sustained oxygen therapy across various healthcare environments. For example, an estimated 7% of individuals over 30 years of age suffer from COPD, one of the leading chronic respiratory illnesses in the country. This condition often necessitates regular oxygen therapy, creating continuous demand for medical oxygen in both institutional and homecare settings.

Key Market Challenges

Regulatory Inconsistencies

Regulatory inconsistencies across states pose a significant challenge to the India Medical Gases Market. Although medical gases are classified as drugs under Indian law, the lack of uniform enforcement and varying interpretations of guidelines across regions complicate compliance. Manufacturers and distributors often face fragmented regulatory requirements, with some states enforcing stringent quality and packaging checks, while others impose minimal oversight. This disparity not only leads to confusion and operational inefficiencies but also affects product quality and safety. The absence of standardized national protocols limits scalability and increases administrative costs, creating barriers to market expansion.

Key Market Trends

Growth of Home Healthcare

Home healthcare is emerging as a significant trend driving demand for medical gases in India. With a rise in chronic diseases and an aging population, more patients are opting for home-based care solutions. This has led to increased adoption of portable oxygen cylinders and concentrators for long-term respiratory support. Home oxygen therapy is particularly vital for managing conditions such as COPD, asthma, and heart failure. Patients are seeking convenience, cost-effectiveness, and continuity of care within the home setting. In response, healthcare providers are offering bundled homecare packages that include oxygen supply, equipment servicing, and telemonitoring. The growth of digital health platforms and telemedicine is supporting this trend by enabling real-time monitoring and remote consultation, thereby improving the quality and reach of care.

Key Market Players

Matheson TriGas
Messer Group
Linde India Limited
INOX Air Products Limited
Praxair India Private Limited
Air Liquide India
K-Air Speciality Gases Pvt. Ltd.
SICGIL India Limited
Bhuruka Gases Limited
Uttam Air Products

Report Scope:

In this report, the India Medical Gases Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Medical Gases Market, By Gas Type:

Pure Gas
Gas Mixtures

India Medical Gases Market, By Application:

Therapeutic
Diagnostic
Biotechnology and Pharmaceutical Industry
Others

India Medical Gases Market, By End User:

Hospitals
Home Healthcare
Academic and Research Institutions
Others