Press release
Future of Oxygen Cylinders and Concentrators Market | Key Players are Chart Industries, DeVilbiss Healthcare, Inogen Inc, Inova Labs Inc, Invacare Corporation
Oxygen Cylinders and Concentrators Market
Increasing prevalence of COPD, asthma and other respiratory disorders will drive market growth over the forecast years. Excessive smoking and exposure to industrial dust will deteriorate the air quality leading to respiratory illness. Climate change further poses a massive threat to respiratory health as it increases risk factors such as amounts of pollens, allergens and particulate matter.
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Growing demand for adventure sports such as scuba diving and mountaineering will fuel industry growth. The lack of oxygen at higher altitudes and deep-sea levels stimulates the need for oxygen cylinders which ensures a regular and continuous supply. Absence of these devices can lead to headache, dizziness, suffocation and death.
However, risk of operational hazards associated with the devices impedes industry expansion. Oxygen is non-flammable but it supports combustion and its improper or unsafe use or storage may lead to serious injuries.
Portable devices dominated the oxygen cylinders and concentrators market in 2016. The compact nature and light weight of these devices provides increased mobility and ease of use. However, comparatively higher costs of these devices hampers adoption to some extent.
Pharmaceutical and biotechnology is slated to grow at a rapid pace over the forecast period. Oxygen is critical for cell growth applications and is routinely used in fermenters and bioreactors. Furthermore, enrichment with the gas can enhance bioreactor performance and capacity.
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U.S. oxygen cylinder and concentrators market held significant industry share. Increasing proportion of elderly population along with increased occurrence of respiratory disorders should drive industry growth. As per American Lung Association, COPD is the third leading cause of death in the country. Presence of a well-established industrial infrastructure in the country will further stimulate demand.
China oxygen cylinder and concentrators market is slated to witness robust growth over the forecast period. The economic boom and drastic rise in GDP has resulted in a surge in motorized vehicles as more number of individuals are now capable of buying them. Moreover, the increased production output from steel and cement industries and burning of coal in factories has worsened the quality of air and has given rise to the problem of smog. Exposure to the increasing pollution and dust has escalated incidence of various respiratory disorders in the region which will fuel industry growth.
Prominent industry participants include Inogen, Tecno Gaz, Koninklijke Philips N.V., Cramer Decker, Air Liquide, Chart Industries, HERSILL, Catalina Cylinders, MeBer, and Invacare. The industry players resort to various strategies such as partnerships, developing new products and acquisitions for broadening their product portfolio and strengthening industry presence.
Chapter 3. Oxygen Cylinders and Concentrators Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024 (USD Million)
3.3. Industry ecosystem
3.3.1. Vendor matrix
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing elderly population at risk
3.4.1.2. Increasing occurrence of COPD and other respiratory disorders
3.4.1.3. Growing demand for adventure sports
3.4.1.4. Exposure to dust particles and increased number of cigarette smokers
3.4.1.5. Increased demand during hypoxaemia
3.4.2. Industry pitfalls & challenges
3.4.2.1. Operational hazards
3.4.2.2. Lack of availability in developing regions
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Growth potential analysis
3.6.1. By product
3.6.2. By application
3.7. Porter's analysis
3.8. Company market share analysis, 2016
3.8.1. Strategy Dashboard
3.9. PESTEL analysis
Data Tables
TABLE 1. Oxygen cylinders and concentrators industry 360° synopsis, 2013 - 2024
TABLE 2. Global oxygen cylinders and concentrators market, 2013 – 2024 (USD Million)
TABLE 3. Global oxygen cylinders and concentrators market, by product, 2013 - 2024 (USD Million)
TABLE 4. Global oxygen cylinders and concentrators market, by application, 2013 – 2024 (USD Million)
TABLE 5. Global oxygen cylinders and concentrators market, by region, 2013 – 2024 (USD Million)
TABLE 6. Industry impact forces
TABLE 7. Portable oxygen cylinders and concentrators market estimates and forecast, by region, 2013 – 2024 (USD Million)
TABLE 8. Fixed oxygen cylinders and concentrators market estimates and forecast, by region, 2013 - 2024 (USD Million)
TABLE 9. Healthcare oxygen cylinders and concentrators market estimates and forecast, by region, 2013 - 2024, (USD Million)
TABLE 10. Pharmaceutical and biotechnology oxygen cylinders and concentrators market estimates and forecast, by region 2013 - 2024, (USD Million)
TABLE 11. Manufacturing oxygen cylinders and concentrators market estimates and forecast, by region 2013 - 2023, (USD Million)
TABLE 12. Aerospace and automotive oxygen cylinders and concentrators market estimates and forecast, by region, 2013 – 2023 (USD Million)
TABLE 13. Others oxygen cylinders and concentrators market estimates and forecast, by region, 2013 – 2023 (USD Million)
TABLE 14. North America oxygen cylinders and concentrators market estimates and forecast, by country, 2013 - 2024 (USD Million)
TABLE 15. North America oxygen cylinders and concentrators market estimates and forecast, by product, 2013 - 2024 (USD Million)
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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