The global Medical Oxygen System market size is expected to reach USD 4,341.3 million by 2030, registering a CAGR of 7.4% from 2023 to 2030, according to a new report by Coherent Market Insights Inc.
Medical oxygen devices like oxygen concentrators and compressed oxygen cylinders are frequently utilised in homecare settings and are primarily chosen by elderly patients who have mobility issues and need a steady supply of oxygen. Getting enough oxygen is necessary for some common chronic medical disorders, including chronic obstructive pulmonary disease (COPD), chronic bronchitis, and emphysema, a common long-term side effect of smoking. Several kinds of oxygen delivery systems are used to provide patients a controlled amount of oxygen.
Due to the increased prevalence of chronic obstructive pulmonary disorders (COPD) among the geriatric population, the homecare settings segment of the worldwide medical oxygen system market is anticipated to have considerable market growth.
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Top Key Players:
★ Koninklijke Philips N.V
★ Inogen Inc.
★ BOC Healthcare
★ Precision Medical Inc.
★ Luxfer Group
★ Cryofab Inc.
★ Responsive Respiratory Inc.
★ Atlas Copco
★ GCE group
★ High Vacuum Maintenance (HVM) S.R.L.
Detailed Segmentation :
By Product Type:
- Compressed Oxygen Cylinder
- Oxygen Concentrator
- Liquid Oxygen System
- Portable Oxygen System
- Stationary/Standalone Oxygen System
The global medical oxygen system market is anticipated to develop as more products are released for use in hospitals and homecare settings.
In order to ensure that there is a plentiful supply of oxygen for the patients, the majority of hospitals and healthcare organisations install centralised oxygen systems in hospitals. Because portable oxygen devices have been introduced to the market, the homecare setting segment is also significantly boosting market growth. For instance, GCE Healthcare introduced the Zen-O portable oxygen concentrator in January 2016. (POC). It is a portable oxygen therapy device that weighs only 4.66kg (10lbs) and is convenient to carry. Moreover, Invacare Company introduced the Invacare Platinum Mobile Oxygen Concentrator with enhanced connections in October 2017. To increase comfort during routine use, the Piccolo O? App was coupled with the Platinum Mobile Oxygen Concentrator.
Also, it is anticipated that the demand for medical oxygen systems will rise as a result of more oxygen therapies receiving regulatory authority approval, which might represent a significant growth opportunity for the market. For instance, TherOx’s supersaturated oxygen therapy was approved by the U.S. FDA in April 2019. The new method aims to reliably and safely reduce infarct size by infusing injured cardiac tissue with hyperbaric amounts of oxygen during a single catheter-delivered infusion.
The medical oxygen systems market is regionally segmented into Asia Pacific, Europe, Latin America, Middle East, North America, and Africa..
Due to the presence of major manufacturers of medical oxygen systems and the rising number of product releases by these players in this area, North America is predicted to experience profitable growth in the global medical oxygen system market. Prominent manufacturers with a strong presence in the U.S. market are Imogen, Invacare Corporation, CAIRE, Inc., and O2 Innovations, LLC, who provide cutting-edge oxygen concentrators. Key market participants are also concentrating on introducing new items. For instance, Imogen, Inc. INGN released its Imogen One G5 in the U.S. market in April 2019.
Moreover, oxygen system suppliers are expanding their oxygen filling facilities in the Asia Pacific area, which is fueling the rise of the Asia Pacific medical oxygen system market. For instance, a distributor of medical gas named Kitajima Sanso constructed a medical oxygen filling facility in Burma in February 2019. Two 10- and 20-ton cryogenic gas storage tanks are part of the new plant’s equipment.
Due to increasing initiatives by major players in the development of medical oxygen systems for diverse applications, Europe is predicted to have a sizeable market share. The market for medical oxygen systems in Europe is predicted to rise as more regional big hitters and emergency medical service providers take action. For instance, in June 2017, Medical Gas Solutions (MGS) received a contract to provide over a thousand emergency vehicles belonging to the North West Ambulance Service (NWAS) NHS Trust throughout the North West of the United Kingdom with essential medical gases, such as oxygen (O2) and analgesic gases.
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Key Highlights Market Study:
Revenue and Sales Estimation: Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally macroeconomic factor and regulatory policies are ascertained in Medical Oxygen System industry evolution and predictive analysis.
Manufacturing Analysis: The report is currently analysed concerning various product type and application. The Medical Oxygen System market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry experts and Key officials of profiled companies.
Competition: Leading players have been studied depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness: Medical Oxygen System report additionally provides distribution, Production, Consumption & Export & Import
Purchasing the Medical Oxygen System Market:
➣ Outlook for the worldwide Medical Oxygen System market in both developed and emerging markets, both now and in the future.
➣ Both the market segment with the largest projected share and the market segment with the highest CAGR throughout the projection period.
➣ Countries and regions anticipated to experience the fastest development throughout the projected period.
➣ The most recent innovations, market shares, and business tactics used by the key market participants.
➣ Study examines emerging market trends as well as the likelihood that various trends will impact expansion.
➣ Analysis also discusses the factors, challenges, and opportunities that will have a significant impact on the global Medical Oxygen System industry.
➣ Research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Medical Oxygen System Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Medical Oxygen System Industry Impact
Chapter 2 Global Medical Oxygen System Competition by Types, Applications, and Top Regions and Countries
2.1 Global Medical Oxygen System (Volume and Value) by Type
2.3 Global Medical Oxygen System (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Medical Oxygen System Sales, Consumption, Export, Import by Regions (2017-2023)
Chapter 5 North America Medical Oxygen System Market Analysis
Chapter 6 East Asia Medical Oxygen System Market Analysis
Chapter 7 Europe Medical Oxygen System Market Analysis
Chapter 8 South Asia Medical Oxygen System Market Analysis
Chapter 9 Southeast Asia Medical Oxygen System Market Analysis
Chapter 10 Middle East Medical Oxygen System Market Analysis
Chapter 11 Africa Medical Oxygen System Market Analysis
Chapter 12 Oceania Medical Oxygen System Market Analysis
Chapter 13 South America Medical Oxygen System Market Analysis
Chapter 14 Company Profiles and Key Figures in Medical Oxygen System Business
Chapter 15 Global Medical Oxygen System Market Forecast (2023-2030)
Chapter 16 Conclusions
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