Global Medical Oxygen Cylinders Market Size study & Forecast, by Product (Fixed and Portable), by Application (Homecare and Non-Homecare), by Technology Channel (Continuous Flow and Pulse Flow) and Regional Analysis, 2023-2030

Global Medical Oxygen Cylinders Market Size study & Forecast, by Product (Fixed and Portable), by Application (Homecare and Non-Homecare), by Technology Channel (Continuous Flow and Pulse Flow) and Regional Analysis, 2023-2030

Global Medical Oxygen Cylinders Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. The Medical Oxygen Cylinders Market pertains to the production, distribution, and utilization of portable containers designed to store and deliver medical-grade oxygen for therapeutic purposes. These cylinders are crucial in healthcare settings such as hospitals, clinics, emergency services, and home care, where oxygen therapy is essential for patients with respiratory disorders or in need of respiratory support. The market for medical oxygen cylinders is primarily driven by several key factors. Firstly, the increasing prevalence of respiratory diseases such as Chronic Obstructive Pulmonary Disease (COPD), pneumonia, and asthma worldwide is boosting the demand for oxygen therapy equipment, including cylinders. Secondly, the ageing global population is leading to a higher incidence of respiratory complications and related chronic conditions, further driving the need for medical oxygen cylinders. Additionally, technological advancements in cylinder design, materials, and safety features contribute to market growth by enhancing efficiency, portability, and user safety. Moreover, the ongoing COVID-19 pandemic has underscored the critical importance of oxygen therapy in managing respiratory distress, resulting in a surge in demand for medical oxygen cylinders globally. These factors collectively contribute to the expansion and evolution of the Medical Oxygen Cylinders Market to meet growing healthcare demands and ensure patient well-being.

The growth of the Medical Oxygen Cylinders Market is fueled by several significant factors. Firstly, there has been a notable increase in the prevalence of chronic respiratory diseases (CRDs) globally, such as Chronic Obstructive Pulmonary Disease (COPD), asthma, and so on. This rise is attributed to factors such as pollution, tobacco use, occupational hazards, and ageing populations. Patients suffering from CRDs often require oxygen therapy for improved breathing and quality of life, thereby driving the demand for medical oxygen cylinders. Additionally, the COVID-19 pandemic has highlighted the critical need for oxygen therapy in managing respiratory distress, leading to a surge in demand for oxygen cylinders. Moreover, the ageing global population is also contributing to market growth as elderly individuals are more prone to respiratory ailments and require continuous respiratory support. With non-communicable diseases already accounting for a significant disease burden among the elderly, there is a heightened need for life-support systems such as medical oxygen cylinders. Furthermore, advancements in technology and the development of innovative devices for at-home care have expanded the market by providing more efficient and user-friendly solutions for managing respiratory conditions. These collective factors underscore the steady growth and evolution of the Medical Oxygen Cylinders Market to meet the rising healthcare demands globally.

The key regions considered for the Global Medical Oxygen Cylinders Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The Asia Pacific region took the lead in the Medical Oxygen Cylinder market in 2022. This dominance is a result of several key factors driving demand, including the region's burgeoning population, rising disease incidences, and rapid urbanization. These factors collectively contribute to the increased need for medical oxygen cylinders across various healthcare settings in the APAC region. On the other hand, the European market is poised for the fastest growth rate throughout the forecast period. This surge in demand is primarily fueled by the significant growth in the elderly population across European countries. Eurostat data from 2020 reveals that over 20.6% of the EU populace was aged 65 and above, indicating a substantial demographic segment requiring healthcare support such as oxygen therapy. The prevalence of chronic ailments among the elderly further drives the need for medical oxygen cylinders, thereby boosting market growth in Europe. These trends underscore the critical role of medical oxygen cylinders in meeting the healthcare demands of diverse populations across different regions.

Major market player included in this report are:
Linde plc
Air Liquide
Luxfer Gas Cylinders
Catalina Cylinders
Cramer Decker Medical
Worthington Industries
Norris Cylinder Company
SCI Analytical
Gasco
Drägerwerk AG & Co. KGaA

Global Medical Oxygen Cylinders Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Product, Application, Technology Channel, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Fixed
Portable

By Application:
Homecare
Non-Homecare

By Technology Channel:
Continuous Flow
Pulse Flow

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World