Saudi Arabia Medical Gases Market Trends, Share, Size, Demand, Revenue and Future Outlook
Saudi Arabia Medical Gases Market Growth, Size, Trends Analysis- By Gas Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2024 | Report ID: HLCA2478 | Pages: 1 - 107 | Formats*: |
| Category : Healthcare | |||
Saudi Arabia Medical Gases Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Medical Gases Market is estimated to reach USD 819.11 million by 2033 with a CAGR 7.15%.
The report includes an in-depth analysis of the Saudi Arabia Medical Gases Market, including market size and trends, product mix, distribution channels, and supplier analysis. Medical gases are vital elements in diverse healthcare environments, serving a pivotal function in patient management, diagnosis, and intervention. These gases are meticulously produced and monitored to ensure that purity and safety requirements are met. Oxygen is frequently used in medicine for respiratory support and during surgical procedures, and nitrous oxide is utilized as an anesthetic. Furthermore, ventilators and respiratory treatments employ medical air, which is primarily nitrogen and oxygen. Nitrogen is used in some medical treatments as a carrier gas and for cryopreservation. Medical gases must be handled, stored, and administered properly to protect patient health.
- The Saudi humanitarian organization KSrelief opened an oxygen facility at Shahid Mehnef Hospital in Yemen's Abyan governate in October 2023 in cooperation with the World Health Organization. According to the Saudi Press Agency, this plant has the potential to generate 72 oxygen cylinders each day, each with a capacity of 40 liters.
- Aramco, a well-known integrated energy and chemicals company, and Linde Engineering, a preeminent worldwide authority in gas production and processing, partnered in March 2023.
Market Opportunities and Challenges
Opportunities: The Saudi Arabian medical gases market is expanding rapidly due to a variety of variables that work together to support this growth. First off, there is a much greater need for medicinal gases now that respiratory conditions like COPD and asthma are becoming more common in the area. Additionally, as the population ages, the prevalence of chronic illnesses has increased, calling for the use of medical gases in a variety of therapeutic applications. Furthermore, the use of medical gases for therapeutic and diagnostic reasons has increased as a result of technology improvements in healthcare delivery systems. Medical gas integration in anesthesia, emergency care, and surgery has become standard, which is driving market expansion.
Challenges: The medical gases market is susceptible to different interruptions due to its heavy reliance on a convoluted worldwide supply chain. Trade conflicts, natural calamities, and geopolitical tensions can all affect the supply of raw resources needed for production. Delivery delays of considerable proportions might result from disruptions in transportation caused by changes in regulations, worker strikes, or unforeseen circumstances like as the COVID-19 pandemic. Delays in quality control, equipment malfunctions, and maintenance problems can also impede manufacturing operations and result in a lower supply.
Furthermore, To ensure patient safety, the medical gases business is subject to strict laws and quality requirements. This means that continual monitoring, testing, and adherence to good manufacturing practices are necessary, and these activities can be resource-intensive. It is difficult to maintain consistent quality across the supply chain, from production to distribution, since deviations might result in inconsistencies in quality and safety issues. Variations in the production process have the potential to undermine the quality of high-purity medical gases and gas mixes, which need to be created with the fewest possible contaminants.
Market Competitive Landscape
The Saudi Arabia Medical Gases Market moderately fragmented. Some of the market key players are, Southern Gas Limited, Jubail Gas Plant Co, Ltd, Linde Saudi Industrial Gas Company (SIGAS), Air Products Middle East, Gulf Cryo Saudi Arabia, VitalAire Saudi Arabia Abdullah Hashim Gas, Aldakheel Industrial Gases Plant, Brarrak Industrial Gases Factory, Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Gas Type, By Application, By End User |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region |
| Companies Covered | Linde Saudi Industrial Gas Company (SIGAS), Air Products Middle East, Gulf Cryo Saudi Arabia, VitalAire Saudi Arabia, Southern Gas Limited, Jubail Gas Plant Co, Ltd, Abdullah Hashim Gas, Aldakheel Industrial Gases Plant, Brarrak Industrial Gases Factory, Others. |
COVID-19 Impact on Saudi Arabia Medical Gases Market
The COVID-19 epidemic had a major effect on Saudi Arabia's medical gases market, bringing to light the industry's opportunities and weaknesses. Rising hospitalization rates and the urgent need for respiratory assistance created a demand spike for medical gases, especially oxygen. Supply chains were strained as a result of this rise, which caused shortages and delivery delays as producers tried to meet the extraordinary demand. The epidemic also forced a reassessment of supply chain resilience and production capacities. Several businesses made investments to expand their operations and improve their logistics in order to guarantee reliable distribution and supply.
Key Target Audience:
- Healthcare Providers
- Pharmaceutical Companies
- Medical Equipment Manufacturers
- Emergency Medical Services (EMS)
- Research Institutions
- Government and Regulatory Bodies
- Home Healthcare Providers
- Industrial Gas Suppliers
Our in-depth analysis of the Saudi Arabia Medical Gases Market includes the following segments:
| By Gas Type: | |
| By Application: | |
| By End User: |
Key Topics Covered in the Report:
- Saudi Arabia Medical Gases Market Size (FY’2024-FY’2033)
- Overview of Saudi Arabia Medical Gases Market
- Segmentation of Saudi Arabia Medical Gases Market By Gas Type (Therapeutic, Diagnostic, Biotechnology and Pharmaceutical Industry, Others)
- Segmentation of Saudi Arabia Medical Gases Market By Application (Therapeutic, Diagnostic, Biotechnology and Pharmaceutical Industry, Others)
- Segmentation of Saudi Arabia Medical Gases Market By End User (Hospitals, Home Healthcare, Academic and Research Institutions)
- Expansion Analysis of Saudi Arabia Medical Gases Market
- Problems and Obstacles in Saudi Arabia Medical Gases Market
- Competitive Landscape in the Saudi Arabia Medical Gases Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Medical Gases Market
- Details on Current Investment in Saudi Arabia Medical Gases Market
- Competitive Analysis of Saudi Arabia Medical Gases Market
- Prominent Players in the Saudi Arabia Medical Gases Market
- SWOT Analysis of Saudi Arabia Medical Gases Market
- Saudi Arabia Medical Gases Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Saudi Arabia Medical Gases Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Medical Gases Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Medical Gases Market
7. Saudi Arabia Medical Gases Market, By Gas Type (USD Million) 2020-2033
7.1. Saudi Arabia Medical Gases Market Size, Share and Forecast, By Gas Type, 2020-20267.2. Saudi Arabia Medical Gases Market Size, Share and Forecast, By Gas Type, 2027-20337.3. Therapeutic7.4. Diagnostic7.5. Biotechnology and Pharmaceutical Industry7.6. Others
8. Saudi Arabia Medical Gases Market, By Application (USD Million) 2020-2033
8.1. Saudi Arabia Medical Gases Market Size, Share and Forecast, By Application, 2020-20268.2. Saudi Arabia Medical Gases Market Size, Share and Forecast, By Application, 2027-20338.3. Therapeutic8.4. Diagnostic8.5. Biotechnology and Pharmaceutical Industry8.6. Others
9. Saudi Arabia Medical Gases Market, By End User (USD Million) 2020-2033
9.1. Saudi Arabia Medical Gases Market Size, Share and Forecast, By End User, 2020-20269.2. Saudi Arabia Medical Gases Market Size, Share and Forecast, By End User, 2027-20339.3. Hospitals9.4. Home Healthcare9.5. Academic and Research Institutions
10. Saudi Arabia Medical Gases Market Forecast, 2020-2033 (USD Million)
10.1. Saudi Arabia Medical Gases Market Size and Market Share
11. Saudi Arabia Medical Gases Market, By Region, 2020-2033 (USD Million)
11.1. Saudi Arabia Medical Gases Market Size and Market Share By Region (2020-2026)11.2. Saudi Arabia Medical Gases Market Size and Market Share By Region (2027-2033)11.3. Eastern Region11.4. Western Region11.5. Northern Region11.6. Southern Region
12. Company Profile
12.1. Linde Saudi Industrial Gas Company (SIGAS)12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Air Products Middle East12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Gulf Cryo Saudi Arabia12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. VitalAire Saudi Arabia12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Southern Gas Limited12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Jubail Gas Plant Co, Ltd12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Abdullah Hashim Gas12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Aldakheel Industrial Gases Plant12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Brarrak Industrial Gases Factory12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Saudi Arabia Medical Gases Market is projected to reach USD 819.11 million by 2033, growing at a CAGR of 7.15% during the forecast period.
Saudi Arabia Medical Gases Market grew in Market size from 2024. The Market is expected to reach USD 819.11 million by 2033, at a CAGR of 7.15% during the forecast period.
Saudi Arabia Medical Gases Market CAGR of 7.15% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Saudi Arabia Medical Gases Market size is USD 819.11 million from 2024 to 2033.
Saudi Arabia Medical Gases Market is covered By Gas Type, By Application, By End User
The Middle East is anticipated to have the highest Market share in the Saudi Arabia Medical Gases Market.
The key players in the Market include Companies Covered Linde Saudi Industrial Gas Company (SIGAS), Air Products Middle East, Gulf Cryo Saudi Arabia, VitalAire Saudi Arabia, Southern Gas Limited, Jubail Gas Plant Co, Ltd, Abdullah Hashim Gas, Aldakheel Industrial Gases Plant, Brarrak Industrial Gases Factory, Others.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
