Medical Oxygen Concentrators and Oxygen Cylinders Market to Exhibit a Remarkable Growth of USD 5.12 Billion by 2029

PRESS RELEASE

Published November 8, 2023

Data Bridge Market Research recently conducted an up-to-date market intelligence study, thoroughly analyzing the Medical Oxygen Concentrators and Oxygen Cylinders Market. The newly published report is designed with an engaging layout, effectively presenting essential data using visually compelling tables, graphs, charts, and figures.

The market research report on Medical Oxygen Concentrators and Oxygen Cylinders has been structured through fundamental steps of market research analysis, including surveys, focus groups, personal interviews, observations, and field trials. This report contributes to realizing the vision of a successful and competitive business. It presents significant proposals for potential projects within the Medical Oxygen Concentrators and Oxygen Cylinders market before evaluating their feasibility. This market report contains indispensable data crucial for market dominance and establishing a presence as a new entrant. It serves as a resource providing current and future technical and financial details of the industry.

Understanding consumer and supply chain dynamics’ trends, this comprehensive Medical Oxygen Concentrators and Oxygen Cylinders market report aids in formulating strategies related to sales, marketing, and promotion. In a swiftly evolving market landscape, companies need a wide array of strategies to achieve effective business growth, and this market report serves this purpose adeptly. The report includes a chapter focusing on the global Medical Oxygen Concentrators and Oxygen Cylinders market, outlining profiles of associated companies, offering valuable data regarding their financial outlook, product portfolios, investment plans, and marketing and business strategies.

Data Bridge Market Research analyses that the medical oxygen concentrators and oxygen cylinders market which was USD 3.25 billion in 2021, would rocket up to USD 5.12 billion by 2029, and is expected to undergo a CAGR of 5.85% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Medical professionals frequently employ medical oxygen gas cylinders for therapeutic and diagnostic purposes. Medical oxygen gas systems, such as oxygen concentrators and compressed oxygen gas cylinders, are widely used in homecare settings, and are frequently preferred by elderly patients who have mobility issues and require a consistent oxygen supply.

Key Growth Drivers:

Increased public awareness of personal healthcare

The primary factor driving the medical oxygen cylinder market is the provision of oxygen in its purest form to medical equipment and the construction of cylinders. The key possibility for expanding the global medical oxygen concentrators and oxygen cylinders market is increased breathing problems due to diseases and increased public awareness of personal healthcare. Oxygen cylinders do not require batteries, which is another benefit for the market’s growth.

Growth in out-of-pocket spending in the healthcare sector

According to the WHO study Global Spending 2020, government health spending and out-of-pocket spending (OOPS) per capita have increased dramatically in several nations around the world during the previous decade. The rise in out-of-pocket spending indicates that a patient’s out-of-pocket expenses are rising, and that medical insurance plays no part in assisting them financially. Out-of-pocket spending has accounted for over one-third of total health spending in all nations, excluding high-income countries, due to the presence of insurance firms and free healthcare. Increased OOPS spending has directly impacted the demand for oxygen concentrators in low- and middle-income countries, with severe pollution levels. As a result of the increased demand, the market has grown.

The report outlines the involvement of key players, including:

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), TECNO-GAZ SpA (Italy)

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Key Market Segmentation

Product (Portable Oxygen Concentrator Cylinders, Stationary Oxygen Concentrator Cylinders), Technology (Continuous Flow, Pulse Flow), End Use (Home Care, Non Home Care)

The Medical Oxygen Concentrators and Oxygen Cylinders market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:

North America: United States, Canada, and Mexico.
Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
South America: Brazil, Argentina, and other countries in South America.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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Medical Oxygen Concentrators and Oxygen Cylinders Market to Exhibit a Remarkable Growth of USD 5.12 Billion by 2029

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