Medical Oxygen Cylinder Market, By Product (Portable Cylinders, Stationary Cylinders), By Technology (Continuous Flow, Pulse Flow), By End User (Homecare, Non-Homecare), By Disease (COPD, Lung Disorders, Cardiac Disorders, COVID 19, Others), By Size (10L, 40L, 50L, 100L), By Cylinder Type (Fixed, Portable), By Application (Operating Room, Emergency Room, Respiratory Department, Household), by Region (North America, Europe, Asia Pacific, the Middle East & Africa, South America) – Market Size & Forecasting To 2030

The Global Medical Oxygen Cylinders Market size was valued at USD 2,650.4 million in 2021 and exhibiting a CAGR of 3.9% during the forecast period from 2021 to 2030. The rising cases of chronic obstructive pulmonary diseases as well as rising technological advancements for the miniaturization of oxygen cylinders are the driving factors that are going to increase the market demand.

Additionally, manufacturers are coming up with new technologies which aim in improving the quality of care. The rising prevalence of Chronic Obstructive Pulmonary Disease (COPD), as well as other lungs diseases, is another prime factor that boosts the market growth. An increasing geriatric population base will act as a high impact rendering factor. On the other hand, aged people are at a higher risk of acquiring certain disorders like Chronic Obstructive Pulmonary Disease (COPD). This is because ageing results in declining in the effectiveness of the defense mechanism of the lung with weakness of respiratory muscles. Furthermore, there is a decrease in natural fresh airflow and the maximum amount of air that can be exhaled after maximum inhalation.

The increasing number of chain smokers, as well as growing exposure to dust and pollution, will propel the market growth. The smoke released by the cigarette contains chemicals that are absorbed by the lungs that result in cell and tissue damage. The inhalation of the dust particles may also result in inflammation of bronchitis and the trachea. All these factors increase the risk of suffering from respiratory problems.

The lack of availability of these devices in developing economies will restrain the market growth. The low product availability is directly related to a lack of infrastructure and cost. There is also a risk of operational hazards owing to improper and unsafe storage practices which lead to serious injuries that affect the market growth.

The developed regions like Europe and North America have a wide range of facilities and resources whereas the low to middle-class countries that include India has witnessed a high scale demand for oxygen cylinders with disruptions and delays in the supply chain. With increasing demand among the customers along with the inflated prices, the industry is projected to witness considerable growth in terms of revenue. Moreover, the market will also experience demand for fixed as well as portable devices due to the presence of a huge patient base in home care and hospitals. Hence, the global market will drive the healthcare sector rapidly over the forecast period.

The increasing awareness among people as well as patients related to the benefits related to the use of medical oxygen cylinder has been impacting the growth of the oxygen cylinders market. The oxygen that is offered in the purest form to the medical devices, as well as the formation of the cylinders, is the prime factor that is propelling the market growth. Apart from these the increased breathing problems and the awareness among the people for personal healthcare are the major opportunities for the growth of the medical oxygen cylinders market.

The fluctuations in price and availability of oxygen cylinders are majorly restraining the market growth. Additionally, the improper handling, as well as management of oxygen cylinder, may also cause serious injuries that are negatively impacting the global oxygen cylinder market growth.

TABLE 1: GLOBAL OXYGEN CYLINDERS MARKET OVERALL SNAPSHOT

TABLE 1: GLOBAL OXYGEN CYLINDERS MARKET OVERALL SNAPSHOT

Impact Of COVID-19 on Global Medical Oxygen Cylinder Market

COVID-19 pandemic has impacted positively the global oxygen cylinders market. The coronavirus infection will affect the lungs in no time which reduces the breathing rate of patients. Thus, according to the healthcare authorities, oxygen therapy is a must for moderate to severely infected patients.

Segmentation

The global medical oxygen cylinder market is segmented into product, technology, end user, disease, size, cylinder type, application, region.

FIGURE 1: GLOBAL MEDICAL OXYGEN CYLINDER MARKET OVERALL SNAPSHOT

FIGURE 1: GLOBAL MEDICAL OXYGEN CYLINDER MARKET OVERALL SNAPSHOT

Global Medical Oxygen Cylinders Market, By Product

Based on the product, the market is segmented into the portable cylinder and stationary cylinder. The portable cylinder holds the highest market share in 2021. This is because the rising prevalence of respiratory problems like pneumonia, COPD and asthma is anticipated to increase the usage of portable cylinders over the forecast period. Moreover, the increase in the number of air passengers is also expected to drive the market.

Stationary cylinders are anticipated to witness a slower growth rate as compared to portable cylinders. The elderly people having limited movements always opt for these types of medical devices. So, its adoption in countries with a large geriatric population is also rising. Not only this but also the stationary cylinders are more cost-friendly and their adoption is higher in developing and underdeveloped economy the Healthcare expenditure, as well as the standard of living, are low.

Global Medical Oxygen Cylinders Market, By Technology

Based on technology, the market is bifurcated into the continuous flow and pulse flow. The continuous flow segment dominated the market having the largest revenue share owing to the rapid technological advancement pertaining to the new product innovation is going to increase the use of medical oxygen cylinder in 2021. Moreover, the rising usage of respiratory equipment for oxygen therapies is expected to rise segmental growth. Elderly people, as well as bedridden patients, are the main target for a continuous oxygen cylinder. Moreover, the devices are not fitted to have any breath detection technology, so they are cost friendly as compared to pulse flow technology.

Pulse flow technology in the oxygen is also anticipated to experience the fastest growth during the projected timeframe due to technological advancements. It is used for users having an active lifestyle. Thus, working professional, sports players and regular air travelers from various breathing problems for concentrators based on technology.

Global Medical Oxygen Cylinders Market, By End User

Based on end-user, the global oxygen cylinders market is classified into home care and non-home care. The home care segment holds the highest market share with regards to revenue. The increasing demand for home healthcare oxygen therapies along with increasing demand for pure oxygen as well as technological advancements like miniaturization of these medical devices is going to provide segmental growth during the forecast period. Improved standard of living, as well as increasing usage of home-based therapy in developed economies, are the main factors that are driving the segment. Apart from this, the strong presence of the geriatric population is anticipated to fuel the segmental growth during the forecast period.

On the other hand, the non-home care segment has witnessed significant growth owing to the coronavirus outbreak across the globe which has increased the demand for oxygen therapy products like repurpose home oxygen equipment and wall-mounted oxygen equipment for combatting the pandemic. Moreover, the non-home care segment includes the use of oxygen therapy products outside the home such as clinics and hospitals. The increasing number of hospitals as well as other health care setting of healthcare expenditure in developed economies are the major driving factors that result in the segmental growth.

Global Medical Oxygen Cylinders Market, By Disease

Based on disease, the medical oxygen cylinders market is segmented into COPD, lung disorders, cardiac disorders, COVID 19 and others. Among these, lung disorders segment is dominating the market owing to the increasing geriatric population. Patients suffering from lung disorders mostly face difficulty in breathing which can only be treated with oxygen therapy. And once the patients start receiving oxygen through an oxygen cylinder often see improved energy levels and better quality of sleep and life.

Global Medical Oxygen Cylinders Market, By Size

Based on the size, the global oxygen cylinder market is segmented into 10L, 40L, 50L and 100L. Among these 40L segment is holding the highest market share owing to the increasing respiratory problems due to the onset of COVID 19.

Global Oxygen Medical Cylinders Market, By Cylinder Type

Based on cylinder type, the market is segmented into fixed and portable. The portable cylinder segment is holding the highest share owing to the growing air pollution as well as the increasing number of people with pulmonary problems. Moreover, the portable oxygen cylinders are compact as well as lightweight and very discrete. Patients who are prescribed oxygen therapy are choosing portable oxygen cylinder as they allow them to maintain their standard and quality of life.

Global Medical Oxygen Cylinders Market, By Application

Based on application, the medical oxygen cylinders market is segmented into the operating room, emergency room, respiratory department, and household. Among these, the emergency room is dominating the market owing to a surge in the COVID 19 cases. Particularly the most seriously infected COVID 19 patients are shifted to emergency rooms as these are equipped with personal protective equipment (PPE). The emergency room segment is going to continue its dominance even after COVID 19 pandemic ends as the patients who will be having after COVID 19 side effects like chest pain and severe trauma need emergency medical attention.

Global Medical Oxygen Cylinders Market, By Region

Based on region, the global medical oxygen cylinders market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America. North America is dominating the market due to the increasing geriatric population in the region. The U.S. oxygen cylinders market has captured more than half of the share in terms of revenue. Apart from this, the increasing prevalence of respiratory problems, as well as the early diagnosis of the health issues, will propel the revenue of the market. Moreover, the presence of the developed healthcare and infrastructure as well as increasing per capita income of the people will increase the overall market demand.

On the other hand, Asia Pacific is forecasted to be the most lucrative market over the forecast period. The main reasons that are driving the market growth are the rapidly increasing geriatric population as well as the occurrence of lung problems. According to United Nations Organization, it is also studied that one in every four people in the region will be about 60 years of age by the year 2050. In the year 2020, around 727 million people aged 65 or more that is anticipated to double by 2050 reaching more than 1.5 billion people. Not only this but also the living as well as health standard have increased at a rapid rate in the developed countries of the region. An increase in healthcare spending, life expectancy and awareness among people related to available technologies are the prime factors that are contributing to the regional market growth during the forecast period.

TABLE 2: GLOBAL MEDICAL OXYGEN CYLINDERS MARKET OVERVIEW

TABLE 2: GLOBAL MEDICAL OXYGEN CYLINDERS MARKET OVERVIEW

 Recent Developments in the Global Medical Oxygen Cylinders Market

  • May 2021 - Bharat Aerosol Industries, a Kerala based firm has launched a portable oxygen cylinder for first aid. It will act as a support system for children and elderly people suffering from respiratory problems. The company is expecting Rs 10 crores sales in the first year of production.
  • March 2021, Luxfer, a global manufacturer of oxygen cylinder has acquired the Structural Composites Industries (SCI) for $20 million in cash. This acquisition will strengthen its offerings and aligns with recent investments.
  • June 2020 -CAIRE Inc., a global oxygen supply equipment manufacturer has acquired Spirosure which is a California based manufacturer for measuring fractions of exhaled nitric oxide. This acts as a key indicators of allergic inflammation in asthma patients.
  • April 2020 - Drive DeVilbiss has launched a new portable oxygen cylinder, the first of its kind to use patented technology that has the capability to adjust the oxygen dosage according to the breath rate of the patient. The company has invested $35 million to come up with the new product.
  • October 2019, Invacare Corporation launched the Invacare platinum oxygen cylinder following the current manufacturing guidelines. The company has earned significant revenue during the pandemic.

FIGURE 2: GLOBAL MEDICAL OXYGEN CYLINDER MARKET

FIGURE 2: GLOBAL MEDICAL OXYGEN CYLINDER MARKET

What does this report provide?

The report offers in-depth knowledge of the global medical oxygen cylinders market from a quantitative as well as a qualitative basis over the forecast period. Apart from this, the study contains dynamic indicators along with the potential impact of the global market during the projected timeframe. The experts have also conducted an in-depth analysis of the key market players that are operating in the global market. It also covers major market opportunities, drivers, threats, barriers, and challenges of the market. The readers will get to know about the market shares of the key market companies that are present along with their product portfolio, production capabilities as well as growth strategies planned by them.

Market Segmentation

By Product

  • Portable Cylinders
  • Stationary Cylinders

By Technology

  • Continuous Flow
  • Pulse Flow

By End-User

  • Home-Care
  • Non Home-Care

By Disease

  • COPD
  • Lung Disorders
  • Cardiac Disorders
  • COVID-19
  • Others

By Size

  • 10L
  • 40L
  • 50L
  • 100L

By Cylinder Type

  • Fixed
  • Portable

By Application

  • Operating Room
  • Emergency Room
  • Respiratory Department
  • Household

By Region:

North America Medical Oxygen Cylinders Market

  • North America, by Country
    • U.S.
    • Canada
    • Mexico
  • North America by Product
  • North America by Technology
  • North America by End User
  • North America by Disease
  • North America by Size
  • North America by Cylinder Type
  • North America by Application

Europe Medical Oxygen Cylinders Market

  • Europe, by Country
    • Germany
    • U K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Europe by Product
  • Europe by Technology
  • Europe by End User
  • Europe by Disease
  • Europe by Size
  • Europe by Cylinder Type
  • Europe by Application

Asia Pacific Medical Oxygen Cylinders Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Asia Pacific by Product
  • Asia Pacific by Technology
  • Asia Pacific by End User
  • Asia Pacific by Disease
  • Asia Pacific by Size
  • Asia Pacific by Cylinder Type
  • Asia Pacific by Application

Middle East and Africa Medical Oxygen Cylinders Market

  • Middle East and Africa, by Country
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East and Africa
  • Middle East & Africa by Product
  • Middle East & Africa by Technology
  • Middle East & Africa by End User
  • Middle East & Africa by Disease
  • Middle East & Africa by Size
  • Middle East & Africa by Cylinder Type
  • Middle East & Africa by Application

South America Medical Oxygen Cylinders Market

  • South America, by Country
    • Brazil
    • Argentina
    • Rest of South America
  • South America by Product
  • South America by Technology
  • South America by End User
  • South America by Disease
  • South America by Size
  • South America by Cylinder Type
  • South America by Application

Major Companies:  In this report, the key companies that are studied are Drive DeVilbiss Healthcare, Inc., Philips Healthcare, Invacare Corporation, Nidek Medical, Inogen, Inc., AirSep Corporation, ResMed, Medical Depot, Inc., CAIRE Inc., O2 CONCEPTS, OxyGo, LLC, Precision Medical, Inc., Linde plc, and CDMI among others.

 

Objectives Of This Report:

  • Studying the market size for the medical oxygen cylinders market regionally and globally.
  • Identifying the key segments in the medical oxygen cylinders market as well as estimating their market share as well as demand.
  • Providing a competitive scenario for the medical oxygen cylinders market along with key developments made by them in the past years.
  • Evaluating the major factors governing the market along with their potential gravity over the forecast period.
  • Studying the key company-wise pricing analysis for the applications.

Key Questions Answered in The Study

  • How big is the global medical cylinders market?
  • What are the important trends and the leading growth drivers that are impacting the market growth?
  • What are the names of the key market players and who are the new entrants that are operating in the global market?
  • What will be the impact of the onset of COVID 19 on the global medical oxygen cylinders market?
  • Which segment is dominating the global medical oxygen cylinders market?

Customization:

  • By country, application, end-users, and type market analysis
  • Pricing analysis with the potential list of the consumers
  • Product-specific competitive analysis
  • By Sub-Segment

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