Medical Oxygen Concentrators and Oxygen Cylinders Market is Set to Exceed the Valuation of USD 5.12 Billion During the Forecast Period 2029

Medical Oxygen Concentrators and Oxygen Cylinders Market analysis report covers detailed value chain analysis of the market. The value chain analysis helps to analyze major upstream raw materials, major equipment's, manufacturing process, and downstream customer analysis and major distributor analysis are mentioned in the report along with all the drivers and restraints for the market. It presents a comparative detailed analysis of all regional and player segments, offering readers a better knowledge of the areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the market.

Medical professionals frequently employ medical oxygen gas cylinders for therapeutic and diagnostic purposes. Medical oxygen gas systems, such as oxygen concentrators and compressed oxygen gas cylinders, are widely used in homecare settings, and are frequently preferred by elderly patients who have mobility issues and require a consistent oxygen supply.

Data Bridge Market Research analyses that the medical oxygen concentrators and oxygen cylinders market which was USD 3.25 billion in 2021, would rocket up to USD 5.12 billion by 2029, and is expected to undergo a CAGR of 5.85% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The tempered steel canisters used to preserve oxygen at high pressure are known as medical oxygen cylinders. The majority of oxygen cylinders are utilized for medicinal or diagnostic purposes. It contains high-pressure oxygen or oxygen in liquid form and is utilized in medical emergencies. Oxygen cylinders are also available in a variety of sizes, depending on their intended use.

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Medical Oxygen Concentrators and Oxygen Cylinders Market Dynamics

Drivers

Increased public awareness of personal healthcare

The primary factor driving the medical oxygen cylinder market is the provision of oxygen in its purest form to medical equipment and the construction of cylinders. The key possibility for expanding the global medical oxygen concentrators and oxygen cylinders market is increased breathing problems due to diseases and increased public awareness of personal healthcare. Oxygen cylinders do not require batteries, which is another benefit for the market's growth.

Growth in out-of-pocket spending in the healthcare sector

According to the WHO study Global Spending 2020, government health spending and out-of-pocket spending (OOPS) per capita have increased dramatically in several nations around the world during the previous decade. The rise in out-of-pocket spending indicates that a patient's out-of-pocket expenses are rising, and that medical insurance plays no part in assisting them financially. Out-of-pocket spending has accounted for over one-third of total health spending in all nations, excluding high-income countries, due to the presence of insurance firms and free healthcare. Increased OOPS spending has directly impacted the demand for oxygen concentrators in low- and middle-income countries, with severe pollution levels. As a result of the increased demand, the market has grown.

Rising prevalence of respiratory disorders around the world

Medical oxygen concentrators have become more popular as the prevalence of respiratory disorders has increased. Chronic obstructive pulmonary disease (COPD) is a well-known respiratory disease in which the airflow channels in the lungs narrow, reducing the amount of oxygen delivered to the body's circulating blood. For such patients, an oxygen concentrator is a life-saving medical device because it is more portable and easier to use than other oxygen devices on the market, making it more beneficial in such situations. These are some of the elements that are propelling the market forward.

Opportunities

The growing population, chronic obstructive pulmonary disease (COPD) is on the rise, affecting millions of individuals and indicating an increase in demand for oxygen concentrators and cylinders in the future. The number of patients with respiratory problems has increased dramatically as a result of COVID-19, and the impact of this pandemic is expected to last longer, resulting in rapid market expansion, while rising demand for portable oxygen concentrators will fuel market growth in the coming years.

Global Medical Oxygen Concentrators and Oxygen Cylinders Market Scope

The medical oxygen concentrators and oxygen cylinders market is segmented on the basis of product, technology and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Portable Oxygen Concentrator Cylinders

Stationary Oxygen Concentrator Cylinders

Technology

Continuous Flow

Pulse Flow

End User

Home Care

Non Home Care

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Medical Oxygen Concentrators and Oxygen Cylinders Market Regional Analysis/Insights

The medical oxygen concentrators and oxygen cylinders market is analysed and market size insights and trends are provided by country, product, technology and end-user as referenced above.

The countries covered in the medical oxygen concentrators and oxygen cylinders market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is likely to lead the global medical oxygen concentrators and oxygen cylinders market. An increase in graph of COVID-19 cases and shift of population with breathing issues is the key factor for the growth of market in this region.

Asia-Pacific is expected to exhibit a substantial growth rate during the forecast period 2022-2029 due to an increase in cases of chronic and infectious diseases among a larger population.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Medical Oxygen Concentrators and Oxygen Cylinders Market Share Analysis

The medical oxygen concentrators and oxygen cylinders market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical oxygen concentrators and oxygen cylinders market.

Some of the major players operating in the medical oxygen concentrators and oxygen cylinders market are:

Medical Depot, Inc. (Canada)

Koninklijke Philips N.V. (Netherlands)

Invacare Corporation (U.S.)

NIDEK MEDICAL INDIA (India)

Inogen Inc. (U.S.)

CAIRE Inc. (U.S.)

O2 CONCEPTS LLC (U.S.)

OxyGo,LLC (U.S.)

Precision Medical, Inc. (U.S.)

Linde plc (Ireland)

Chart Industries (U.S.)

GCE Group (Sweden)

Drive DeVilbiss Healthcare (U.S.)

Airgas Inc (U.S.)

Messer SE & Co. KGaA (Germany)

OrientMEd International (UAE)

TECNO-GAZ SpA (Italy)

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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