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What's driving the Medical Oxygen Systems Market | Key Players are: Atlas Copco, Terumo Medical Corporation, Keen Compressed Gas Co, Inogen Inc, GF Health Products, Inc., Invacare Corporation

05-21-2019 03:35 PM CET | Health & Medicine

Press release from: persistencemarketresearch.com

What's driving the Medical Oxygen Systems Market | Key Players

The ‘Medical Oxygen Systems market’ study drafted by Persistence Market Research is essentially an exhaustive review of present and future trends of this business sphere. The report also collates a concise outline of industry share contenders, market share, market size in terms of value and volume, distribution channel, and geographical spectrum along with revenue predictions of the industry landscape.

With Top Key Players Cryofab Inc, Respironics, Inc. (Koninklijke Philips N.V.), MEDTRONIC, Atlas Copco, Terumo Medical Corporation, Keen Compressed Gas Co, Inogen Inc, GF Health Products, Inc., Invacare Corporation. Estimates that global revenues secured from sales of medical oxygen systems reached an estimated US$ 2 billion by the end of 2016. Apropos this study, the global medical oxygen system revenues will soar at 8% CAGR to reach US$ 3.89 billion by the end of 2024.

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This report predicts that consumption of medical oxygen systems will remain marginally high in home care settings. Hospitals will unarguably continue using a lot of medical oxygen systems and products, but their stake in global medical oxygen systems revenues by 2024 will experience a downtrend.
Subsequent to North America, Europe’s medical oxygen system market is anticipated to showcase fastest growth by registering a 7.8% CAGR through 2024. Atlas Copco, Koninklijke Philips N.V., and Medtronic plc, are lead-ing manufacturers of medical oxygen systems profiled in the report.

Emergency medical centers and ambulatory surgical centers (ASCs) will also be key end-users of medical oxygen systems. In 2016, more than US$ 1 billion worth of medical oxygen systems were used by ASCs and emergency medical centers from around the world. Nevertheless, home care settings are projected to be largest end-user of medical oxygen systems in the world. By the end of 2024, revenues amassed from home care settings will reach US$ 1 billion – soaring at the highest CAGR of 9.5% and procuring nearly 30% of the global market value.

In 2016, compressed oxygen cylinders worth over US$ 800 million were sold globally, while oxygen concentrators accounted for 30% of global medical oxygen system revenues. Over the forecast period, liquid oxygen systems will emerge to be fastest-growing product in global medical oxygen system market, registering a stellar 9.4% CAGR. By the end of 2024, global medical oxygen system revenues will be split with almost equal revenue share accounted by compressed oxygen cylinders, oxygen concentrators as well as liquid oxygen systems.

Method of medically-delivering oxygen also plays an instrumental role in determining the projections for global medical oxygen systems market. Fortunately, manufacturers of medical oxygen systems can continue extending their product portfolio uniformly for both, standalone and portable medical oxygen systems. While the demand for portable medical oxygen systems is projected to incur a slight dip, both modalities will be splitting the global market revenues equally through 2024.

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Demand for medical oxygen systems is expected to witness continued consolidation across global healthcare industry. The pronounced need for providing oxygen to patients undergoing medical operations compels healthcare device manufacturers from around the world towards delivering faultless medical oxygen systems. An analytical study of global medical oxygen system market, published by Persistence Market Research, estimates that global revenues secured from sales of medical oxygen systems reached an estimated US$ 2 billion by the end of 2016. Apropos this study, the global medical oxygen system revenues will soar at 8% CAGR to reach US$ 3.89 billion by the end of 2024.

Table of Content:

1. Executive Summary

2. Market Introduction

2.1. Market Definition
2.2. Market Taxonomy

3. Global Medical Oxygen Systems Market Analysis Scenario

4. Market Dynamics

5. Global Medical Oxygen Systems Market Analysis and Forecasts, By Product

5.1. Introduction
5.2. Basis Point Share (BPS) Analysis By Product Type
5.3. Y-o-Y Growth Projections By Product Type
5.4. Market Value and Volume Forecast By Product, 2016–2024
5.4.1. Compressed Oxygen Cylinders
5.4.2. Oxygen Concentrators
5.4.3. Liquid Oxygen Systems
5.5. Market Attractiveness By Product

6. Global Medical Oxygen Systems Market Analysis and Forecasts, By Modality
6.1. Introduction
6.2. Basis Point Share (BPS) Analysis By Modality
6.3. Y-o-Y Growth Projections By Modality
6.4. Market Value Forecast By Modality, 2016–2026
6.4.1. Portable Oxygen Systems
6.4.2. Stationary/Standalone Oxygen Systems
6.5. Market Attractiveness By Modality

7. Global Medical Oxygen Systems Market Analysis and Forecasts, By End User
7.1. Introduction
7.2. Basis Point Share (BPS) Analysis By End User
7.3. Y-o-Y Growth Projections By End User
7.4. Market Value Forecast By End User, 2016–2026
7.4.1. Hospitals
7.4.2. Emergency Medical Centers
7.4.3. Ambulatory Surgical Centers
7.4.4. Home Care Settings
7.4.5. Others
7.5. Market Attractiveness By End User

8. Global Medical Oxygen Systems Market Analysis and Forecasts, By Region
8.1. Basis Point Share (BPS) Analysis By Region
8.2. Y-o-Y Growth Projections By Region
8.3. Market Value Forecast By Region

9. North America Medical Oxygen Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Country
9.1.2. Y-o-Y Growth Projections By Country
9.2. Market Value and Volume Forecast By Product, 2016–2026
9.2.1. Compressed Oxygen Cylinders
9.2.2. Oxygen Concentrators
9.2.3. Liquid Oxygen Systems
9.3. Market Value Forecast By Modality, 2016–2026
9.3.1. Portable Oxygen Systems
9.3.2. Stationary/Standalone Oxygen Systems
9.4. Market Value Forecast By End User, 2016–2026
9.4.1. Hospitals
9.4.2. Emergency Medical Centers
9.4.3. Ambulatory Surgical Centers
9.4.4. Home Care Settings
9.4.5. Others
10. Latin America Medical Oxygen Systems Market Analysis and Forecast
10.1.Introduction
10.1.1. Basis Point Share (BPS) Analysis By Country
10.1.2. Y-o-Y Growth Projections By Country
10.2.Market Value and Volume Forecast By Product, 2016–2026
10.2.1. Compressed Oxygen Cylinders
10.2.2. Oxygen Concentrators
10.2.3. Liquid Oxygen Systems

11. Europe Medical Oxygen Systems Market Analysis and Forecast
11.1.Introduction
11.1.1. Basis Point Share (BPS) Analysis By Country

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ABOUT US:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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