2023 Oxygen Market: Demand, Growth Challenges, Industry Analysis And Forecasts To 2032

As per The Business Research Company's Oxygen Opportunities And Strategies Market Report 2023, The global oxygen market reached a value of nearly $34,888.7 million in 2022, having increased at a compound annual growth rate (CAGR) of 8.2% since 2017. The market is expected to grow from $34,888.7 million in 2022 to $62,719.7 million in 2027 at a rate of 12.2%. The market is then expected to grow at a CAGR of 12.8% from 2027 and reach $114,293.6 million in 2032.

The increasing demand for oxygen from the healthcare industry is likely to contribute to the growth of the oxygen market during the forecast period. Healthcare workers use oxygen to treat respiratory conditions like pneumonia and COVID-19. Additionally important for operations and trauma, is oxygen. The elderly, pregnant women and newborns are vulnerable populations that require oxygen on a daily basis. For example, according to Healthcare Data Breach Statistics, in comparison to 2020-21, more people used health services in 2021-2022, patients visited a GP (83.6% versus 82.4%), visited a dentist (49.4% as opposed to 47.9%), visited a doctor (38.9% as opposed to 37.4%), attended an emergency department (ED) at a hospital (14.8% as opposed to 13.4%). Therefore, the increasing demand from the healthcare industry will support the growth of the oxygen market.

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Companies in the market are focusing on the launch of IoT (Internet f Things)-enabled medical oxygen plants. IoT-enabled devices can greatly improve patient outcomes. Through a system of real-time data collection and constant connectedness between workers and stakeholders, IoT technology helps healthcare facilities make the most of every medical oxygen canister in oxygen-scarce regions, maximizing the number of patients able to receive life-saving treatment. For example, in November 2022, the National Medical Oxygen Grid project in India has recently launched OxyAid, which is India's first mobile containerized oxygen generator truck equipped with IoT capabilities. This initiative is a crucial step towards establishing a dependable system for providing medical oxygen to remote areas in India. The OxyAid vehicle, developed under the National Medical Oxygen Grid project, is designed to ensure the availability and accessibility of medical oxygen in the most rural and isolated areas, thereby bridging the last-mile supply gap.

The top opportunities in the oxygen market by product type will arise in the industrial oxygen market, which will gain $20,112.3 million of global annual sales by 2027. The top opportunities in the oxygen market by form will arise in the liquid market, which will gain $15,988.2 million of global annual sales by 2027. The top opportunities in the oxygen market by application will arise in other applications market, which will gain $7,783.2 million of global annual sales by 2027. The top opportunities in the oxygen market by end user industry will arise in metallurgical industry market, which will gain $8,770.2 million of global annual sales by 2027. The oxygen market size will gain the most in China at $8,898.8 million

Oxygen Market Segmentation:
The Oxygen market is segmented by product type, by form, by application and by end-user industry
By Product Type -
a) Medical Oxygen
b) Industrial Oxygen
c) Other Product Types.

By Form -
a) Liquid
b) Gaseous
c) Compressed.

By Application -
a) Cosmetics
b) Pharmaceutical
c) Automobiles
d) Mining And Mineral Processing
e) Healthcare
f) Other Applications.

By End-User Industry -
a) Metallurgical Industry
b) Chemical Industry
c) Health Care Industry
d) Other End Use Industries.

Major players in the Oxygen market include Air Liquide, The Linde Group, Mitsubishi Chemical Holdings Corporation, Air Products and Chemicals Inc., Yingde Gases
The regions covered in the global Oxygen market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Oxygen Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Oxygen Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
.......
18. Competitive Landscape and Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Oxygen Market, Conclusions And Recommendations
22. Appendix

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