Global medical oxygen cylinder market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 6,194.94 million by 2028 growing at a CAGR of 6.76% in the above-mentioned forecast period. The growing awareness amongst the people and patients regarding the benefits associated with the usage of medical oxygen cylinder has been directly impacting the growth of medical oxygen cylinder market.
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Medical oxygen cylinder is the tempered steel containers that are used to keep oxygen at high pressure. Oxygen cylinders are generally used for medical or diagnostic purposes. It contains oxygen at high pressure or liquid form and is used at times of medical emergency. Oxygen cylinders also come in various sizes depending on the usage.
Key Growth Drivers:
The oxygen which is provided in the purest form to the medical devices and the formation of the cylinders is the main factor which is driving the medical oxygen cylinder market. Increased breathing problems due to diseases and awareness of the population for personal healthcare are the main opportunity for the growth of the medical oxygen cylinder market. Oxygen cylinders do not require batteries which is also a boon for the growth of the market.
Higher costs of oxygen cylinder are the main challenge for the medical oxygen cylinder market. However, technical precautions such as usage of cylinder at a particular distance from a combustible element are the main restraint in the growth of medical oxygen cylinder market during the forecast period of 2021-2028.
The report outlines the involvement of key players, including:
The major players covered in the medical oxygen cylinder market report are Koninklijke Philips N.V., Invacare Corporation, Nidek Medical Products, Inc., Inogen, Inc., Messe Düsseldorf GmbH, ResMed, DeVilbiss Healthcare LLC, Airgas Inc, Messer Group GmbH, OrientMEd International, TECNO-GAZ SpA, Allied Healthcare Products Inc, Praxair Inc., ROYAX, AirGenics Inc, Air Products Inc, Luxfer Gas Cylinders, Cramer Decker Medical, Catalina Cylinders, Bright Medi- Weld Appliances among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Market Segmentation
- Based on product, the medical oxygen cylinder market is segmented into portable oxygen concentrator & cylinders, stationary oxygen concentrator & cylinders and oxygen concentrator & cylinders.
- Based on technology, the medical oxygen cylinder market is segmented into continuous flow and pulse flow.
- On basis of end user, the medical oxygen cylinder market is segmented into home care and non-homecare.
- Based on size, the medical oxygen cylinder market is segmented into 10L, 40L, 50L and 100L.
- Based on cylinder type, the medical oxygen cylinder market is segmented into fixed and portable.
- Based on application, the medical oxygen cylinder market is segmented into emergency room, operating room, respiratory department and household.
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