Press release
Oxygen Market Size Set to Grow at a CAGR of 13.2% Rising to $50.3 billion in 2025 and Projected at $79.44 billion in 2029 Driven by Increased Demand and Key Trends
Oxygen Market Size
What Is The Projected Market Size Of The Global Oxygen Market And Its Growth Rate?
• The oxygen market size has grown rapidly in recent years, growing from $44.45 billion in 2024 to $50.3 billion in 2025 at a compound annual growth rate (CAGR) of 13.2%.
• The oxygen market size is projected to reach $79.44 billion in 2029 at a compound annual growth rate (CAGR) of 12.1%, driven by increasing government support, an increasing aging population, rising air pollution levels, and an increasing demand for oxygen from the healthcare industry.
• Key trends include launch of IoT-enabled medical oxygen plants, increasing investments, advancements in oxygen generators, the emergence of high flow nasal therapy, and shift towards portable oxygen concentrators.
What Is Driving The Growth In The Oxygen Market?
The growing prevalence of diseases related to breathing problems, such as Chronic Obstructive Pulmonary Disease (COPD), especially among the aging population, is increasingly driving the global oxygen market's growth. Increased demand for portable oxygen concentrators, used for improving oxygen levels in patients' blood and addressing their breathing problems, is also key for the oxygen market growth. Moreover, as the World Health Organization anticipates the number of persons aged 80 years or older to triple to 426 million by 2050, the market is positioned for continued growth spurred by these demographic changes.
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Who Are the Key Players Driving Oxygen Market Growth?
Major companies operating in the oxygen market include:
• Air Liquide
• The Linde Group
• Mitsubishi Chemical Holdings Corporation
• Air Products and Chemicals Inc
• Yingde Gases
• The BOC Group plc
• Air Water Inc.
• Messer Group GmbH
• Iwatani International Corporation
• Guangdong Huate Gas Co., Ltd.
• and many more.
What Are The Key Trends In The Oxygen Market?
Key trends include:
• Launch of IoT (internet of things)-enabled medical oxygen plants
• Increasing investments
• Advancements in oxygen generators
• Emergence of high-flow nasal therapy
• Launch of air separation plants
• Strategic shift to portable oxygen concentrators
What Are The Segments Of The Global Oxygen Market?
The oxygen market is segmented as follows:
1) By Product: Medical Oxygen, Industrial Oxygen, Other Product Types
2) By Form: Companion Animals, Livestock
3) By Application: Cosmetics, Pharmaceutical, Automobiles, Mining and Mineral Processing, Healthcare, Other Applications
4) By End-User Industry: Metallurgical Industry, Chemical Industry, Health Care Industry, Other End-User Industries
Which Region Leads The Oxygen Market?
Asia-Pacific was the largest region in the oxygen market in 2024, followed by North America. The regions covered in the oxygen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Oxygen Market Global Market Report?
- Market Size Analysis: Analyze the Oxygen Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Oxygen Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Oxygen Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Oxygen Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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