Saudi Arabia Medical Gases Market to grow with a CAGR of 6.92% through 2029

Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the Saudi Arabia Medical Gases Market.

According to TechSci Research report, “Saudi Arabia Medical Gases Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2019-2029”, Saudi Arabia Medical Gases Market was valued at USD 410.60 million in 2023 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 6.92% through 2029. This can be due to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.

 Increasing awareness of healthcare plays a significant role in driving the demand for medical gases. With greater awareness of the importance of preventive healthcare, individuals are more likely to seek regular check-ups and screenings. Diagnostic tests often require medical gases, such as oxygen for blood gas analysis, to assess respiratory and metabolic health. Improved healthcare awareness encourages people to seek early detection and diagnosis of health conditions. The early diagnosis of respiratory diseases, for example, may lead to a greater need for medical gases like oxygen for immediate treatment. Health and wellness programs and initiatives promote overall well-being and encourage individuals to manage their health more proactively. Such programs may include services that utilize medical gases, such as pulmonary rehabilitation for those with respiratory conditions. Increased healthcare awareness leads to better patient education. As patients become more informed about their conditions and treatment options, they may actively participate in decisions regarding medical gases used for their care.

Patients and their families may become advocates for their own healthcare, leading to more discussions with healthcare providers about the use of medical gases, potential treatments, and the role of these gases in their care. With the proliferation of healthcare information online and through various media channels, individuals are more likely to learn about the use of medical gases and their benefits in managing specific health conditions.

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Economic factors present challenges in the Saudi Arabia Medical Gases Market. Fluctuations in the cost of raw materials, energy, and labor can affect the cost of producing medical gases. Economic challenges, such as rising production costs, may lead to higher prices for medical gases, impacting affordability for both healthcare facilities and patients. Economic factors, including inflation and changes in currency exchange rates, can affect the purchasing power of healthcare providers and consumers. A weakened currency or high inflation can make medical gases more expensive for import-dependent markets like Saudi Arabia. Economic challenges can lead to reduced healthcare budgets and resources allocated for medical gases and equipment. Healthcare providers may face budget constraints, affecting their ability to purchase and maintain medical gas supplies. Patients who require home oxygen therapy or other medical gases may face challenges in affording these services, especially if there are changes in their financial circumstances due to economic factors.

Saudi Arabia Medical Gases Market is segmented based on Type, Application, End User, and by region.

Based on the Application, Saudi Arabia Medical Gases Market is segmented into Therapeutic, Diagnostics. Medical gases play a crucial role in diagnostic testing and medical procedures that require accurate and reliable results. lood gas analysis is a diagnostic test used to measure the levels of oxygen (O2), carbon dioxide (CO2), and pH in the blood. It helps assess a patient's respiratory and metabolic status. Medical gases, including oxygen and carbon dioxide, are used to calibrate and control blood gas analyzers to ensure the accuracy of test results. Pulmonary function tests (PFTs) assess lung function and help diagnose respiratory conditions like asthma and chronic obstructive pulmonary disease (COPD). Medical gases, such as helium and carbon dioxide, may be used to assess lung volumes, diffusion capacity, and airflow limitations. Fractional Exhaled Nitric Oxide (FeNO) Testing measures the level of nitric oxide in exhaled breath, which is used to diagnose and monitor airway inflammation in conditions like asthma. Nitric oxide is introduced as a medical gas to test equipment for precise measurements.

Based on Region, Northern & Central region held the largest share in the Saudi Arabia Medical Gases Market. Major hospitals and medical facilities in the Northern and Central regions attract patients not only from within Saudi Arabia but also from neighboring countries. This medical tourism contributes to the high demand for medical gases in these areas. These regions often host research and innovation centers, including partnerships with leading healthcare institutions. Such centers may require specialized medical gases for research purposes. The Northern and Central regions benefit from well-established transportation and distribution networks, ensuring a steady and efficient supply of medical gases to healthcare facilities. These regions are also centers for medical education and training. Medical students, professionals, and healthcare workers in training require access to medical gases for their studies and practical training.

Some of the major companies operating in the Saudi Arabia Medical Gases Market include:

• Linde Saudi Industrial Gas Company (SIGAS)
• Air Products Middle East
• Gulf Cryo Saudi for Industrial & Medical Gases
• VitalAire Saudi Arabia
• Southern Gas limited.
• Jubail Gas Plant Co, Ltd.
• Jacko Gases Company
• Abdullah Hashim Gas
• Aldakheel Industrial Gases Plant (DIGAS)
• Barrak Industrial Gases Factory

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“The Saudi Arabia Medical Gases Market is experiencing robust growth, driven by several key factors. One of the primary drivers is the increasing demand for quality healthcare services, prompting the need for reliable and efficient medical gases. Moreover, the expanding geriatric population, coupled with rising chronic diseases, fuels the demand for oxygen and other medical gases for treatment purposes. In terms of trends, there's a noticeable shift towards more eco-friendly and sustainable production methods, aligning with global environmental initiatives. However, challenges such as stringent regulatory requirements and the complexity of distribution networks pose hurdles for market players. Despite these challenges, the market continues to thrive, offering significant opportunities for growth and innovation.," said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.

Saudi Arabia Medical Gases Market by Type (Pure Gases, Gas Mixtures), By Application (Therapeutic, Diagnostics), By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others), By Region, By Competition Forecast & Opportunities, 2019-2029F has evaluated the future growth potential of Saudi Arabia Medical Gases Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Medical Gases Market.

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