Oxygen Cylinders and Concentrators Market Analysis

Oxygen Cylinders and Concentrators Market Analys

Portable devices held significant revenue share in 2018. Increased mobility and independence attributed to its light weight and ease of usage will boost the segment growth. Patients prefer cylinders and concentrators which are easy to carry and enable them to perform routine activities easily.
 

Fixed devices are poised to showcase 8.9% growth rate through 2025. Large and heavy oxygen cylinders are usually used to supply gas through pipeline systems at high pressure for equipment such as anesthetic machines and ventilators. In addition, these devices also find applications in industrial settings requiring large amount of gas for various processes.
 

Healthcare application segment in the oxygen cylinders and concentrators market accounted for USD 1.26 billion in 2018 led by the large number of patients’ dependent on oxygen. Increasing incidence of respiratory disorders such as COPD, asthma will impel the industry expansion over the forecast years. Oxygen concentrators are used to deliver supplementary oxygen to individuals suffering from COPD, chronic hypoxemia and pulmonary edema. They are also used in adjunct treatment for severe sleep apnea. Moreover, oxygen is also required during surgery and intensive care treatment. Increasing number of accidents and fatalities requiring immediate hospitalization and operation along with rising number of surgeries should further propel the market demand.
 

Manufacturing application will register significant growth in the coming years. Soaring number of manufacturing units such as metals and metals processing, pulp and paper production, glass making, and welding and metal fabrication will stimulate the market progression.
 

Increasing number of people opting for sports such as mountaineering and scuba will also augment the industry progression. These sports require a steady source of oxygen due to lack of availability of the gas in the environment in which they are performed.
 

U.S. oxygen cylinders and concentrators market captured over 85% of revenue share in 2018. Increasing prevalence of respiratory diseases and early diagnosis of these diseases will drive the market revenue. Presence of developed healthcare infrastructure and growing per capita income of the patient’s will further surge the industry demand.
 

India market are estimated to attain a CAGR of 9.7% by 2025. Presence of large elderly population pool susceptible to respiratory disorders rising pollution levels and burning of biomass fuels will aggravate respiratory problems. Growth of manufacturing sector should stimulate demand due to requirement of oxygen in various manufacturing processes. Adventure sports such as scuba diving are rapidly gaining popularity. Rising number of dive centers in the recent years will influence demand for oxygen cylinders and concentrators.