Medical Oxygen Gas Cylinders Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Medical Oxygen Gas Cylinders Market Size- By Product Type, By Technology, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: HLCA2426 | Pages: 1 - 244 | Formats*: |
| Category : Healthcare | |||
Medical Oxygen Gas Cylinders Market Introduction and Overview
According to SPER Market Research, the Global Medical Oxygen Gas Cylinders Market is estimated to reach USD 6.24 Billion by 2033 with a CAGR of 5.6%.
The report includes an in-depth analysis of the Global Medical Oxygen Gas Cylinders Market, including market size and trends, product mix, applications, and supplier analysis. Pressurised containers meant for the storage and transportation of oxygen in gaseous form are called medical oxygen gas cylinders. High-grade materials that can tolerate high pressure are used to make these cylinders, which guarantee patients receive oxygen safely. Usually composed of steel or aluminium, the cylinders go through extensive testing and quality assurance procedures to guarantee their integrity. Medical oxygen gas cylinders are essential for preserving the health and welfare of those who need extra oxygen.
- November 2022: At the Bengaluru Art of Living International Centre, Sri Sri Ravi Shankar officially introduced OxyAid, a transportable, containerised oxygen generator truck with Internet of Things capabilities, in India. The goal of this launch is to establish a stable infrastructure that would enable medicinal oxygen to be accessed in the most remote areas of India.
- December 2019: In India, BMC opened two facilities for refilling oxygen cylinders. A big tank with a capacity of 13,000 litres is there. 100 to 120 cylinders can be filled per day by the project.
Market Opportunities and Challenges
The market is being driven by an increase in the daily exposure to environmental contamination. The population growth of smokers who are actively involved in smoking and those who are more vulnerable to indoor air pollution are the other factors driving market expansion. Additionally, the market for oxygen gas cylinders is expected to have significant opportunities for development in the next years due to the high growth potential of emerging markets and the growing elderly population.
The COVID-19 pandemic's severe effects and the rising incidence of chronic respiratory disorders have both had a major role in propelling market expansion. The general standard of breathable air has been negatively impacted by the global industrialization trend. Because of the rapid development and rising pollution levels, the air quality index (AQI) has been high, leading to an increase in the prevalence of respiratory ailments. Oxygen supplementation is necessary for patients with chronic respiratory disorders (CRDs) like COPD in order to facilitate breathing, which can significantly improve quality of life. The causes of CRDs include dust, chemicals used in the workplace, pollution, and tobacco smoke.
However, the market's expansion is being hampered by the high cost of oxygen cylinders and strict regulatory requirements. Medical oxygen cylinder prices can be very prohibitive, especially in low- and middle-income nations. Healthcare practitioners and individuals have difficulties due to the initial cost of cylinder purchases and the ongoing expenses related to maintenance and refilling. The market for medical oxygen gas cylinders is heavily regulated to guarantee both product quality and patient safety. Market expansion may be somewhat hampered by the difficult and time-consuming process of complying with strict regulatory requirements.
Market Competitive Landscape
There is fierce competition among the major players in the medical oxygen gas cylinder market as they compete for market share. To improve their market position, these businesses concentrate on strategic alliances, product innovation, mergers and acquisitions, and international growth. The major key players in the Global Medical Oxygen Gas Cylinders Market are: B.N.O.S. Meditech Ltd, Catalina Cylinders, Desco Medical India, Invacare Corporation, Luxfer Gas Cylinders, Medical Depot, O2 CONCEPTS, Precision Medical Inc., ProRack Gas Control Products, Royax, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Technology, By End User |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | B.N.O.S. Meditech Ltd, Catalina Cylinders, Desco Medical India, Invacare Corporation, Luxfer Gas Cylinders, Medical Depot, O2 CONCEPTS, Precision Medical Inc., ProRack Gas Control Products, Royax, Others |
COVID-19 Impact on Global Medical Oxygen Gas Cylinders Market
Because of the COVID-19 outbreak and the heightened use of oxygen cylinders and concentrators for coronavirus- affected individuals in the healthcare sector. Covid-19 has helped to fuel the expansion of the medical gas oxygen cylinder market worldwide. In order to provide critical treatment during the COVID-19 epidemic, a greater number of cases has significantly raised demand for medical oxygen gas cylinders. The increase in COVID-19 cases has resulted in cylinder demand in millions in low- and middle-income countries alone. Several countries are implementing preventive measures to guarantee that COVID-19 patients have access to enough oxygen. The global market for medical oxygen gas cylinders is expanding favourably due to these factors.
Key Target Audience:
- Emergency Services
- Healthcare Facilities
- Home Healthcare Providers
- Insurance Providers
- Medical Equipment Manufacturers
- Medical Gas Suppliers
- Medical Professionals
- Patients with Respiratory Conditions
- Others
Our in-depth analysis of the Medical Oxygen Gas Cylinders Market includes the following segments:
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| By Technology: |
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| By End User: |
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Key Topics Covered in the Report:
- Global Medical Oxygen Gas Cylinders Market Size (FY’2023-FY’2033)
- Overview of Global Medical Oxygen Gas Cylinders Market
- Segmentation of Global Medical Oxygen Gas Cylinders Market By Product Type (Fixed Medical Oxygen cylinders, Portable Medical Oxygen cylinders)
- Segmentation of Global Medical Oxygen Gas Cylinders Market By Technology (Continuous Flow, Pulse Flow)
- Segmentation of Global Medical Oxygen Gas Cylinders Market By End User (Home Care, Non Homecare)
- Statistical Snap of Global Medical Oxygen Gas Cylinders Market
- Expansion Analysis of Global Medical Oxygen Gas Cylinders Market
- Problems and Obstacles in Global Medical Oxygen Gas Cylinders Market
- Competitive Landscape in the Global Medical Oxygen Gas Cylinders Market
- Impact of COVID-19 and Demonetization on Global Medical Oxygen Gas Cylinders Market
- Details on Current Investment in Global Medical Oxygen Gas Cylinders Market
- Competitive Analysis of Global Medical Oxygen Gas Cylinders Market
- Prominent Players in the Global Medical Oxygen Gas Cylinders Market
- SWOT Analysis of Global Medical Oxygen Gas Cylinders Market
- Global Medical Oxygen Gas Cylinders Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Medical Oxygen Gas Cylinders Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Medical Oxygen Gas Cylinders Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Medical Oxygen Gas Cylinders Market
7. Global Medical Oxygen Gas Cylinders Market, By Product Type (USD Million)
7.1. Global Medical Oxygen Gas Cylinders Market Value Share and Forecast, By Product Type, 2023-20337.2. Fixed Medical Oxygen cylinders7.3. Portable Medical Oxygen cylinders
8. Global Medical Oxygen Gas Cylinders Market, By Technology (USD Million)
8.1. Global Medical Oxygen Gas Cylinders Market Value Share and Forecast, By Technology, 2023-20338.2. Continuous Flow8.3. Pulse Flow
9. Global Medical Oxygen Gas Cylinders Market, By End User (USD Million)
9.1. Global Medical Oxygen Gas Cylinders Market Value Share and Forecast, By End User, 2023-20339.2. Home Care9.3. Non Homecare
10. Global Medical Oxygen Gas Cylinders Market Forecast, 2019-2033 (USD Million)
10.1. Global Medical Oxygen Gas Cylinders Market Size and Market Share
11. Global Medical Oxygen Gas Cylinders Market, By Product Type, 2019-2033 (USD Million)
11.1. Global Medical Oxygen Gas Cylinders Market Size and Market Share By Product Type (2019-2026)11.2. Global Medical Oxygen Gas Cylinders Market Size and Market Share By Product Type (2027-2033)
12. Global Medical Oxygen Gas Cylinders Market, By Technology, 2019-2033 (USD Million)
12.1. Global Medical Oxygen Gas Cylinders Market Size and Market Share By Technology (2019-2026)12.2. Global Medical Oxygen Gas Cylinders Market Size and Market Share By Technology (2027-2033)
13. Global Medical Oxygen Gas Cylinders Market, By End User, 2019-2033 (USD Million)
13.1. Global Medical Oxygen Gas Cylinders Market Size and Market Share By End User (2019-2026)13.2. Global Medical Oxygen Gas Cylinders Market Size and Market Share By End User (2027-2033)
14. Global Medical Oxygen Gas Cylinders Market, By Region, 2019-2033 (USD Million)
14.1. Global Medical Oxygen Gas Cylinders Market Size and Market Share By Region (2019-2026)14.2. Global Medical Oxygen Gas Cylinders Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. B.N.O.S. Meditech Ltd15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Catalina Cylinders15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Desco Medical India15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Invacare Corporation15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Luxfer Gas Cylinders15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Medical Depot15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. O2 CONCEPTS15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Precision Medical Inc.15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.9. Recent developments15.10. ProRack Gas Control15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Products15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. Royax15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Medical Oxygen Gas Cylinders Market is projected to reach USD 6.24 billion by 2033, growing at a CAGR of 5.6% during the forecast period.
Medical Oxygen Gas Cylinders Market grew in market size from 2023. The Market is expected to reach USD 6.24 billion by 2033, at a CAGR of 5.6% during the forecast period.
Medical Oxygen Gas Cylinders Market CAGR of 5.6% during the forecast period.
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Medical Oxygen Gas Cylinders Market size is USD 6.24 billion from 2023 to 2033.
Medical Oxygen Gas Cylinders Market Segment is Covered By Product Type, By Technology, By End User
The North America region is anticipated to have the highest market share in Medical Oxygen Gas Cylinders Market.
The key players in the market include Companies Covered B.N.O.S. Meditech Ltd, Catalina Cylinders, Desco Medical India, Invacare Corporation, Luxfer Gas Cylinders, Medical Depot, O2 CONCEPTS, Precision Medical Inc., ProRack Gas Control Products, Royax, Others
The market is being driven by an increase in the daily exposure to environmental contamination. The population growth of smokers who are actively involved in smoking and those who are more vulnerable to indoor air pollution are the other factors driving market expansion.
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