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 - By Region, Competition, Opportunities and Forecast, 2019-2029F”, 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.

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.

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

Based on the Application, In 2023, the Saudi Arabia Medical Gases Market largest share was held by Therapeutic segment and is predicted to continue expanding over the coming years.  The Therapeutic segment primarily includes medical gases used for therapeutic purposes, such as oxygen, which is a critical component of patient care. Oxygen therapy is essential for patients with respiratory conditions, including chronic obstructive pulmonary disease (COPD), asthma, and pneumonia, as well as for patients recovering from surgeries. The high prevalence of respiratory conditions and the need for oxygen therapy contribute significantly to the demand for therapeutic medical gases. As previously mentioned, hospitals and clinics are the primary healthcare providers in Saudi Arabia, and they represent the largest share of the medical gases market. Within these healthcare facilities, therapeutic gases are used in various medical procedures, including surgical interventions, emergency care, and general patient support. The continuous operation of these institutions ensures a consistent demand for therapeutic gases. Saudi Arabia, like many other countries, has a growing population of individuals with chronic diseases, especially respiratory conditions. This necessitates the use of medical gases for long-term management and support. The Therapeutic segment serves these patients by providing oxygen, which is essential for improving their quality of life. Medical gases play a crucial role in emergency medical care, where quick and efficient administration of oxygen can be lifesaving. Hospitals and emergency care units are equipped to provide immediate oxygen therapy to patients in critical condition.

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:

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

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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, 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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