Press release
Oxygen Market Growth to be Driven by Emerging Trends | $43.23 Billion by 2029
Oxygen
What is the Projected Market Size of the Oxygen Industry?
The size of the oxygen market has seen robust growth in the past few years. Its growth which stood at $26.95 billion in 2024, is projected to reach $29.39 billion by 2025, hiking at a compound annual growth rate (CAGR) of 9.1%. The notable expansion during the historic period was driven by solid economic acceleration in burgeoning markets, heightened industrialization, a surge in the need for medical oxygen induced by the COVID-19 pandemic, a growing emphasis on home healthcare, and a rising demand from the aerospace industry.
What Will Be the Size of the Oxygen Market by 2029?
Expectations are high for the oxygen market size to experience a significant surge in the coming years, reaching $43.23 billion by 2029 with a compound annual growth rate (CAGR) of 10.1%. Factors contributing to this predicted growth encompass increased government backing, a rising elderly population, escalating levels of air pollution, and a growing demand for oxygen within the healthcare sector. Key trends anticipated throughout this period include the introduction of IoT-enabled medical oxygen facilities, an uptick in investments, advancements in oxygen generating technology, the rise of high-flow nasal therapy, the establishment of air separation plants, and a tactical move towards portable oxygen concentrators.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/oxygen-global-market-report
What Are the Key Drivers Accelerating Growth in the Oxygen Market?
The global oxygen market is experiencing growth due to the rising prevalence of respiratory-related diseases, which have significantly increased the medical use of oxygen. The elderly population most often suffers from conditions like Chronic Obstructive Pulmonary Disease (COPD), a type of lung disease that leads to long-standing respiratory issues. COPD patients typically require an oxygen concentrator, a device that enhances the oxygen levels in their blood and aids with breathing struggles. As per the World Health Organization (WHO), there is a prediction for 2022, that by 2050, The number of people aged 80 and above will potentially rise to 426 million, tripling the current statistics. Consequently, there is a heightened demand for portable oxygen concentrators, directly influencing the growth of the oxygen market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3988&type=smp
How Is the Oxygen Market Segmented by Type, Application, and Region?
The oxygen market covered in this report is segmented -
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
Subsegments:
1) By Medical Oxygen: Compressed Medical Oxygen, Liquid Medical Oxygen, Portable Oxygen Concentrators
2) By Industrial Oxygen: Compressed Industrial Oxygen, Liquid Industrial Oxygen, High-Purity Oxygen For Specialty Applications
3) By Other Product Types: Aviator's Breathing Oxygen, Recreational Oxygen, Welding And Cutting Oxygen
What Are the Key Trends Driving Growth in the Oxygen Market?
Existing companies within the oxygen market are concentrating on new inventive solutions such as cryogenic oxygen tanks to amplify the effectiveness and storage of oxygen supplies. Cryogenic oxygen tanks are storage receptacles specifically designed to keep oxygen in its liquid form at exceedingly low temperatures, mostly below -183 degrees Celsius. For example, in June 2024, Hypro, a U.S. firm offering turnkey solutions, introduced a new series of cryogenic tanks intended for global utilization, targeted especially for the transportation and storage of liquid oxygen (O2), carbon dioxide (CO2), and nitrogen (N2). Having capacities varying from 10 to 100 tons, these tanks are made of superior SS 304 stainless steel, vacuum insulated and comply with international safety standards such as U, CE, and PESO certifications. With diverse uses in sectors like industrial production and breweries, this product launch highlights Hypro's dedication to expanding its range in the gas storage field to match the increasing worldwide demand for effective cryogenic solutions.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=3988&type=smp
Who Are the Leading Companies Driving Growth in the Oxygen Market?
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, ResMed, Nidek Medical industries, Praxair Inc, Core Industrial Gases, Taiyo Nippon Sanso, AMCS Corporation, Flogas Britain Ltd, NGK Spark Plug Co, Ltd, WIKA Alexander Wiegand SE & Co. KG, SOL SpA, Supagas, GRASYS, Invacare corporation, Inogen Inc, Drive deviibiss industries, Oxair, SAID Group, Matheson Tri-Gas, Messer Gases del Peru S.A., BOC Healthcare, Gulf Cryo, Buzwair, Gas Africa, Afrox
Which Is the Leading Region in the Global Oxygen Market?
Asia-Pacific was the largest region in the oxygen market in 2024. North America was the second-largest region in the global oxygen market. The regions covered in the oxygen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
Email:saumyas@tbrc.info
The Business Research Company -www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn:https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Oxygen Market Growth to be Driven by Emerging Trends | $43.23 Billion by 2029 here
News-ID: 4161526 • Views: …
More Releases from The Business Research Company
Vitrectomy Devices Industry Outlook 2025-2029: Market Set to Cross $2.42 Billion …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Vitrectomy Devices Market Size By 2025?
In recent times, the vitrectomy devices market has demonstrated a robust growth pattern. The current projection indicates an incrrease from $1.66 billion in 2024 to $1.74 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 5.1%.…
Innovative Sensors Revolutionize The Cerebrospinal Fluid (CSF) Devices Market Fo …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Cerebrospinal Fluid Management (CSF) Devices And Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for cerebrospinal fluid management (csf) devices and equipment has seen robust growth in the past few years. The market size is projected to increase from $1.15 billion in…
Key Trends Reshaping the Thrombectomy Devices Market: The Rise Of Technological …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Thrombectomy Devices Market Size Growth Forecast: What to Expect by 2025?
The market for thrombectomy devices has seen robust growth in the past few years. It is predicted to expand from a value of $1.54 billion in 2024 to $1.64 billion in 2025, boasting a compound annual growth rate…
Pharmaceutical Sector Expansion Boosts Pharmaceutical Isolator Market Growth: St …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Pharmaceutical Isolator Market Through 2025?
The market size of the pharmaceutical isolator has witnessed robust growth in the past few years. The market, which was valued at $9.32 billion in 2024, is projected to rise to $9.9 billion in 2025, showcasing a…
More Releases for Oxygen
Major Market Shift in Automotive Oxygen Sensor Industry: Advancements In Wideban …
What Is the Forecasted Market Size and Growth Rate for the Automotive Oxygen Sensor Market?
The market size for automotive oxygen sensors has seen robust growth in the past few years. It is projected to increase from a value of $8.44 billion in 2024 to approximately $9.12 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 8.0%. This growth trend in the historic period could be due to the…
Ultrasonic Oxygen Sensor Market, Ultrasonic Oxygen Sensor Market Size, Ultrasoni …
Fairfield Market Research offers a complete understanding of the Global Ultrasonic Oxygen Sensor Market in its latest research report. The report includes an unbiased analysis of the market dynamics. The report covers growth prospects, market development potential, product profitability, supply and demand curves and predictions, and government policies. The report has been put together using reliable tools to assess the primary and secondary data. The data is represented in the…
Factors Driving Medical Oxygen Concentrators and Oxygen Cylinders
Medical Oxygen Concentrators and Oxygen Cylinders Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in…
International Portable Oxygen Concentrators Market Growth Analysis, Strategies, …
Syndicate Market Research recently launched a study report on the global Portable Oxygen Concentrators market project light on the significant drifts and vigorous cannon into the evolution of the trade, which includes the restraints, market drivers, and opportunities. The report talks about the competitive environment prevailing in the Portable Oxygen Concentrators market worldwide. The report lists the key players in the market and also provides insightful information about them such…
What's driving the Consumer Oxygen Equipment Market trends? Boost Oxygen , Oxyge …
Market Study Report delivers significant information and realistic data of the Consumer Oxygen Equipment market . The report presents a deep study of the market growth factors and drivers. In-depth research of the Consumer Oxygen Equipment Market limitations and the opportunities enable the user to make the future projection.
Scope of the Report:
The worldwide market for Consumer Oxygen Equipment is expected to grow at a CAGR of roughly over the next…
Oxygen Conservation Devices Market, By Product Type (Pneumatic Oxygen Conserver …
Oxygen conservation devices are mainly of two types – pneumatic oxygen conservation devices and electronic oxygen conservation devices. Pneumatic oxygen conservation devices use high pressure of oxygen gas and do not require any external power source such as battery, whereas electronic oxygen conservation devices are battery supported. For instance, Invacare’s Invacare Pneumatic Oxygen Conserver is a pneumatic oxygen conservation device, which has an on and off selector knob coupled with…
