Medical Oxygen Concentrators and Oxygen Cylinders Market Device (SaMD) Market to Observe Prominent CAGR of 5.8% by 2031, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook

The global medical oxygen concentrators and oxygen cylinders market size was valued at USD 3.60 billion in 2023 and is projected to reach USD 5.65 billion by 2031, with a CAGR of 5.8% during the forecast period of 2024 to 2031.

Market Definition:

Medical oxygen concentrators and oxygen cylinders are devices used to deliver supplemental oxygen to individuals with respiratory conditions or needing increased oxygen levels. Oxygen concentrators work by extracting oxygen from the air, concentrating it, and delivering it to the user through a nasal cannula or mask. They are typically used in home settings or healthcare facilities for continuous oxygen therapy. On the other hand, oxygen cylinders are portable tanks filled with compressed oxygen gas. They are used when a concentrated oxygen source is needed in locations where an oxygen concentrator is not available or practical. Oxygen cylinders are often used for emergencies, during transportation, or in remote locations.

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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), and TECNO-GAZ SpA (Italy)

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, and application dominance. The above data points provided are only related to the companies' focus related to the market.

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