PUBLISHER: DataM Intelligence | PRODUCT CODE: 1575737
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1575737
Global Medical Oxygen Gas Cylinders Market - 2024-2031
Report Overview
Global Medical Oxygen Gas Cylinders Market reached US$ 93.17 million in 2023 and is expected to reach US$ 264 million by 2031, growing at a CAGR of 10.16% during the forecast period 2024-2031.
Medical oxygen gas cylinders are widely used by medical personnel for therapeutic and diagnostic purposes. It is made of low-carbon steel and can store 30% more gas than an aluminum cylinder of equivalent size. It contains high-purity oxygen utilized in medical treatments and has been specifically designed for use in the human body.
Oxygen cylinders allow for the portable and safe storage of compounds needed in a medical setting. These are useful for medical use oxygen, hospital, and patient breathing.
Market Dynamics: Drivers & Restraints
Increased exposure to pollutants
Long-term exposure to particle air pollution has been associated with higher death and morbidity rates. For instance, outdoor air quality plays a more significant role in the progression and development of COPD (chronic obstructive pulmonary disease) in developing regions than in developed areas.
COPD is most often caused by long-term exposure to irritating smoke, fumes, dust, or chemicals. The most common cause is cigarette smoke. Emphysema and chronic bronchitis are the two most common types of COPD. These two conditions usually occur together and can vary in severity among people with COPD.
The increasing prevalence of these conditions is expected to increase the demand for medical oxygen cylinders in home care settings as well as hospitals. Patients and healthcare providers adopt suitable medical oxygen cylinders that are portable and easy to carry.
High cost of oxygen gas cylinders
Patients' access to medical oxygen can be restricted by high expenses, especially for those who live in developing or low-income areas. This may result in differences in the accessibility and quality of care, which could hinder market expansion as a whole. Medical facilities could find it difficult to afford the high costs of buying and maintaining oxygen cylinders, particularly smaller or more remote ones. This may affect the demand in the market as fewer facilities may be able to provide oxygen therapy or may choose to use alternative methods.
Market Segment Analysis
The global medical oxygen gas cylinders market is segmented based on product, technology, end-user and region.
The continuous flow segment is expected to dominate the market share
The continuous flow segment accounted for the largest market share and it is expected to continue throughout the forecast period. The rise in lifestyle habits like smoking & consumption of alcohol and the increase in the geriatric population are some factors due to which the market is expected to boost the market growth in the forecast period.
The change in lifestyle habits is rising disease conditions which are increasing the demand for continuous-flow oxygen cylinders. For instance, the World Health Organization in 2023 stated that Chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide. COPD is usually caused by cigarette smoking, though long-term exposure to other lung irritants, like secondhand smoke, can also contribute to COPD.
Continuous flow oxygen cylinders ensure a steady delivery of medical-grade oxygen for various therapeutic needs. These systems cater to home oxygen therapy and other specialized needs.
Market Geographical Analysis
North America is expected to hold a significant position in the medical oxygen gas cylinders market share
North America is expected to hold a significant position in the global medical oxygen gas cylinders market during the forecast period due to the increased prevalence of respiratory diseases, the presence of major market players, increasing strategies by the players and the increasing need in hospitals due to the increasing hospitalizations in the region.
For instance, according to the publication by the Asthma and Allergy Foundation of America in 2024, it is stated that over 27 million people in the U.S. have asthma. This equals about 1 in 12 people and over 22 million U.S. adults ages 18 and older have asthma.
Additionally, according to the report by the American Lung Association in 2022, it is stated that in 2022, 11.7 million people, or 4.6% of adults, reported a diagnosis of COPD (chronic obstructive pulmonary disease, chronic bronchitis, or emphysema. COPD accounts for hundreds of thousands of emergency department visits and tens of billions in healthcare costs each year
Market Segmentation
By Product
Portable
Fixed
By Technology
Pulse Flow
Continuous Flow
By End-User
Hospitals
Emergency Rooms
Ambulatory Surgery Center
Home Healthcare
Others
By Region
North America
The U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Middle East and Africa
Market Competitive Landscape
The major global players in the market include AmcareMed Medical Gas System, Catalina Cylinders, Linde plc, AMS Composite Cylinders, Luxfer Gas Cylinders, Naugra Medical, Ultra Controlo International, Welz Gas Cylinder GmbH, SYC Cylinders, and Faber Industrie SpA among others.
Why Purchase the Report?
To visualize the global medical oxygen gas cylinders market segmentation based on product, technology, end-user, and region as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of medical oxygen gas cylinders market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.
The global medical oxygen gas cylinders market report would provide approximately 53 tables, 47 figures, and 176 pages.
Target Audience 2024
Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
- 3.1. Snippet by Product
- 3.2. Snippet by Technology
- 3.3. Snippet by End-User
- 3.4. Snippet by Region
4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Increased exposure to pollutants
- 4.1.2. Restraints
- 4.1.2.1. High cost of oxygen gas cylinders
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 4.1.1. Drivers
5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 5.5. Reimbursement Analysis
- 5.6. Patent Analysis
- 5.7. SWOT Analysis
- 5.8. DMI Opinion
6. By Product
- 6.1. Introduction
- 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 6.1.2. Market Attractiveness Index, By Product
- 6.2. Portable*
- 6.2.1. Introduction
- 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 6.3. Fixed
7. By Technology
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 7.1.2. Market Attractiveness Index, By Technology
- 7.2. Pulse Flow*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Continuous Flow
8. By End-User
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 8.1.2. Market Attractiveness Index, By End-User
- 8.2. Hospitals*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Emergency Rooms
- 8.4. Ambulatory Surgery Center
- 8.5. Home Healthcare
- 8.6. Others
9. By Region
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
- 9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.2.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.2.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.2.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.2.3.1. The U.S.
- 9.2.3.2. Canada
- 9.2.3.3. Mexico
- 9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.2.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.3.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.3.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.3.3.1. Germany
- 9.3.3.2. UK
- 9.3.3.3. France
- 9.3.3.4. Italy
- 9.3.3.5. Spain
- 9.3.3.6. Rest of Europe
- 9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.2.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.4.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.4.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.4.3.1. Brazil
- 9.4.3.2. Argentina
- 9.4.3.3. Rest of South America
- 9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.2.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.5.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.5.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.5.3.1. China
- 9.5.3.2. India
- 9.5.3.3. Japan
- 9.5.3.4. South Korea
- 9.5.3.5. Rest of Asia-Pacific
- 9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.2.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 9.6.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10. Competitive Landscape
- 10.1. Competitive Scenario
- 10.2. Market Positioning/Share Analysis
- 10.3. Mergers and Acquisitions Analysis
11. Company Profiles
- 11.1. AmcareMed Medical Gas System*
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
- 11.2. Catalina Cylinders
- 11.3. Linde plc
- 11.4. AMS Composite Cylinders
- 11.5. Luxfer Gas Cylinders
- 11.6. Naugra Medical
- 11.7. Ultra Controlo International
- 11.8. Welz Gas Cylinder GmbH
- 11.9. SYC Cylinders
- 11.10. Faber Industrie SpA (*LIST NOT EXHAUSTIVE)
12. Appendix
- 12.1. About Us and Services
- 12.2. Contact Us
