Saudi Arabia Medical Gases Market Research Report 2017-2027 (Health & Beauty - Health Services)

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Saudi Arabia Medical Gases Market Research Report 2017-2027

Saudi Arabia Medical Gases Market stood at USD 393.85 Million in 2021 and is expected to register a CAGR of 7.15% during the forecast period. The increasing prevalence of Chronic Respiratory Diseases (CRDs) such as asthma, chronic obstructive pulmonary disease, occupational lung diseases, and pulmonary hypertension is driving the demand for medical gases. The rising cases of various types of cancer, with surgery being the most common method of operation, has elevated the demand for pure gases in Saudi Arabia. Increasing application of cryosurgery is predicted to positively influence the growth of the market. The COVID-19 pandemic had a significant impact on the market. Due to increased demand, the pandemic caused shortages of medical oxygen, causing major disruption in the oxygen market and supply chain.

Additionally, gases used for therapeutic purposes are used for the treatment of various diseases including respiratory diseases. Significant advances in the therapeutic application and increased demand of medical gases in this segment is contributing to the uptick in demand for the segment.

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Last Update : Oct 08, 2022 5:46 AM
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