Global Medical Oxygen Cylinder Market Size Set for Rapid Growth, to reach Value USD 6.58 Billion By 2032
Zion Market Research has published a new report titled “Medical Oxygen Cylinder Market By Type (Portable And Fixed), Application (Respiratory Department, Emergency Room, Household, Operating Room, And Others), and Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2024–2032”
According to the report, global demand for medical oxygen cylinder market was valued at approximately USD 4.47 billion in 2023 and is expected to generate revenue of around USD 6.58 billion by the end of 2032, growing at a CAGR of around 4.52% between 2024 and 2032.
The medical oxygen cylinders are used to supply oxygen through an oxygen mask or nasal cannula. Oxygen is supplied in case of toxicity from carbon monoxide, low blood oxygen, and cluster headaches among other conditions. given. Continuing oxygen is frequently useful in persons with recurrently low oxygen like from severe cystic fibrosis or COPD. Oxygen is extensively used in emergency treatment, both by emergency medical facilities and in hospitals or those administering advanced first aid. High-flow oxygen is specified for use in revival, anaphylaxis, active convulsions, major trauma, shock, hypothermia, and major bleeding. Oxygen is also supplied in patients with severe respiratory conditions arising due to some viral infections such as COVID-19.
Factors such as the high prevalence of cystic fibrosis, increasing number of accidents, increasing spending on healthcare infrastructure by governments in developing regions, increasing geriatric population, and high demand due to outbreak of pandemics like COVID-19 will act as major driving factors in the growth of global medical oxygen cylinder market. Increasing investment in research and increasing the number of healthcare facilities will act as an opportunity for the market players in the medical oxygen cylinder market. Nonetheless, issues with supply chain and logistics will restrict the growth of the global medical oxygen cylinder market.
The global medical oxygen cylinder market has been split into type, application, and region. Based on type, the medical oxygen cylinder market has been segmented into portable and fixed. The fixed oxygen cylinder segment accounted for the highest market share in 2019 due to cost-saving features. The application division has been categorized into a respiratory department, emergency room, household, operating room, and others.
Regionally, the medical oxygen cylinder market is segmented into Asia Pacific, North America, Middle East & Africa, Latin America, and Europe. North America will be the leading region during the forecast period. The presence of latest healthcare infrastructure will boost the market growth in this region. Europe will be the second largest market. The major reasons are the higher effect of pandemics like COVID-19 and high investment in the healthcare sector. Asia Pacific will thrive at a speedy rate over the forecast period due to the rapid spread of contagious diseases and the increasing geriatric population. The Latin American market will progress at a noteworthy rate during the estimated period. The Middle Eastern and African countries are expected to experience noticeable growth in the projected time frame.
Medical Oxygen Cylinder Market: Competitive Analysis
The global medical oxygen cylinder market is dominated by players like:
- TECNOGAZ UK LIMITED
- AirGenics, INC
- Allied Healthcare Products, Inc.
- Farum Lægehus
- Attuchouhan Attu
- Royax s.r.o.
- Atlas Copco Group
- Air Products India
- Airgas
- Praxair, Inc — a Linde Company nc
This report segments the Global Medical Oxygen Cylinder Market as follows:
Global Medical Oxygen Cylinder Market: By Type
- Portable
- Fixed
Global Medical Oxygen Cylinder Market: By Application
- Respiratory Department
- Emergency Room
- Household
- Operating Room
- Others
Global Medical Oxygen Cylinder Market: By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us — after all — if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States Tel: +49–322 210 92714 USA/Canada Toll-Free №1–855–465–4651 Email: sales@zionmarketresearch.com Website: https://www.zionmarketresearch.com