PUBLISHER: The Business Research Company | PRODUCT CODE: 1705279
PUBLISHER: The Business Research Company | PRODUCT CODE: 1705279
Liquid oxygen devices are medical apparatuses employed for administering oxygen therapy to patients. Liquid oxygen, stored at extremely low temperatures (-183°C or -297°F), is a highly concentrated form of oxygen widely utilized in medical environments due to its exceptional purity and efficacy in addressing respiratory conditions.
The primary types of tanks used in liquid oxygen devices are vertical storage tanks and horizontal storage tanks. Vertical storage tanks are designed for storing and transporting liquid oxygen in a vertical configuration. These tanks are distributed through various channels, including direct sales and indirect sales, catering to diverse end-users such as hospitals, outpatient facilities, home care, among others.
The liquid oxygen devices market research report is one of a series of new reports from The Business Research Company that provides liquid oxygen devices market statistics, including liquid oxygen devices industry global market size, regional shares, competitors with a liquid oxygen devices market share, detailed liquid oxygen devices market segments, market trends and opportunities, and any further data you may need to thrive in the liquid oxygen devices industry. This liquid oxygen devices research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The liquid oxygen devices market size has grown strongly in recent years. It will grow from $6.06 billion in 2024 to $6.52 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to the rising incidence of respiratory disorders, the growing aging population, increasing healthcare spending globally, the shift towards home-based care, favorable government initiatives and regulatory policies, and growing awareness and education.
The liquid oxygen devices market size is expected to see strong growth in the next few years. It will grow to $8.61 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to the increasing preference for portable oxygen concentrators over traditional oxygen tanks, increasing healthcare infrastructure, expanding applications in non-medical settings, growing emphasis on home-based care and telemedicine, and increasing awareness of environmental sustainability. Major trends in the forecast period include miniaturization and portability of liquid oxygen devices to enhance mobility and convenience for users, integration of Internet of Things (IoT) technology and digital health platform, development of advanced battery technology, introduction of smart oxygen delivery systems, and development of customizable liquid oxygen devices.
The growing prevalence of respiratory disorders is expected to drive the expansion of the liquid oxygen device market in the future. Respiratory disorders encompass a range of conditions that affect the respiratory system, including the lungs, airways, and other structures involved in breathing. The rise in respiratory disorders is attributed to factors such as air pollution, tobacco smoke exposure, occupational hazards, genetic factors, and lifestyle choices. Liquid oxygen devices play a vital role in providing respiratory support for individuals with these conditions, aiding in easier breathing and improving overall quality of life. They also offer healthcare providers a dependable method to administer oxygen therapy and monitor patients' respiratory health. For example, in November 2023, the Centers for Disease Control and Prevention (CDC), a US-based government agency, reported that in 2022, the United States recorded 8,331 cases of tuberculosis (TB), with an incidence rate of 2.5 per 100,000 people. This represented a 5.9% increase in cases and a 5.5% rise in the incidence rate compared to 2021. As a result, the growing incidence of respiratory disorders is fueling the demand for liquid oxygen devices.
Government initiatives aimed at promoting research and development in healthcare are poised to bolster the growth of the liquid oxygen devices market. These initiatives encompass specific actions, programs, policies, or projects undertaken by government authorities at various levels to address healthcare-related challenges, achieve targeted objectives, or effect positive societal changes. Numerous government entities are initiating healthcare initiatives to support various facets, including the development and adoption of liquid oxygen devices. For instance, in 2022, the UK government announced a £260 million (US $270.65 million) funding allocation to bolster healthcare research and manufacturing. This commitment from the Department of Health and Social Care and the Department for Business, Energy & Industrial Strategy (BEIS) aims to support NHS-led health research into diagnostics and treatment through novel privacy-preserving platforms and clinical research services. Additionally, £60 million (US $63.60 million) was earmarked to facilitate the expansion of life sciences manufacturing in the UK, underscoring the government's role in driving advancements in healthcare, including liquid oxygen devices.
Key players in the liquid oxygen devices market are directing their efforts toward developing cutting-edge solutions, such as integrating innovative cooling designs to ensure optimal device performance and reliability. The incorporation of twin-blower cooling designs in liquid oxygen devices involves a system wherein air undergoes compression, cooling, and separation into oxygen and nitrogen. For instance, in April 2023, OxyGo HQ Florida LLC, a US-based manufacturer of portable oxygen concentrators, introduced the OxyHome 5L Stationary Concentrator. This newly launched device is designed to deliver a continuous flow of oxygen up to 5 liters per minute for home use, featuring a modern design and a compact footprint suitable for any home environment. A key highlight of this device is its twin-blower cooling design, which ensures consistent and dependable performance over time, showcasing ongoing advancements in the field of liquid oxygen devices.
Major companies operating in the liquid oxygen devices market are Air Liquide S.A., Linde plc, Teijin Limited, NTK Oxygen Electronics Co. Ltd., Chart Industries Inc., Invacare Corporation, Cryoquip LLC, ErgoMed Inc., CAIRE Inc., Taylor-Wharton International LLC, DeVilbiss Healthcare, VRV S.p.A., Eleet Cryogenics Inc., FIBA Technologies Inc., Inova Labs, OxyGo LLC, Cryofab Inc., O2 CONCEPTS LLC, PCI Gases, HVM Medical Inc., Oxygen Plus Inc., Oxygen Solutions Inc., Besco Medical Co. Ltd., Nidek Medical, INOXCVA
North America was the largest region in the liquid oxygen devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquid oxygen devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the liquid oxygen devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The liquid oxygen devices market consists of sales of portable liquid oxygen systems, stationary liquid oxygen systems, and liquid oxygen concentrators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Liquid Oxygen Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on liquid oxygen devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for liquid oxygen devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The liquid oxygen devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.