Medical Oxygen Market Analysis By Form(Liquid Oxygen, Compressed Oxygen, Oxygen Gas Mixture), By Delivery Mode(Tanks/Pipeline, Cylinder), By Application(Therapeutic, Diagnostics), By End User(Hospitals & Clinics, Ambulatory Care, Centers, Homecare) & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 243
- CATEGORY
- Healthcare & Life Sciences
The market for medical oxygen was estimated at USD 890.0 million in 2021, and it is anticipated to reach around USD 5,000.0 million in 2030 row at a CAGR of 7.5% over the following years. The growing number of active smokers and a substantial increase in vulnerability to indoor pollutants. Similarly, an increase in daily exposure to environmental pollution as well as rising geriatric population and associated issues is further accountable for driving the medical oxygen market.
The prevalence of chronic obstructive pulmonary disease (COPD), along with other respiratory problems like asthma, bronchiolitis, emphysema, and other lower respiratory tract infections, is more. The grown urbanization, contact with dangerous industrial gases and particles, and increasing pollution are the primary factors. The elderly population require ongoing respiratory support, there is a rising demand for home healthcare services for senior patients. As per the World Health Organization (WHO), non-communicable illnesses account for approximately 87% of the disease burden in individuals aged 60 years old, which results into more hospitalizations and a greater need for life-supporting technologies. Hence, several technologies and devices are established to decrease the number of hospitalizations for patients getting medical oxygen at home or point-of-care testing diagnostics.
Patients with COPD generally need hospital stays and extra oxygen to dismiss their symptoms, which fuels the market's growth. The World Health Organization (WHO) anticipates that 3.23 million people died from chronic obstructive pulmonary disease (COPD) in 2019, with around 90% of those mortalities happening in emerging countries. Furthermore, it ranks as the third major reason of death, globally.
The rising number of COVID-19 cases is anticipated to drive the demand for medical oxygen globally. The high requirement for medical oxygen has directed for high demand for medical oxygen. As medical oxygen is employed in the home settings or hospitals to make oxygen for the patients, they have an important application in the treatment of COVID-19. A robust industrial base and a large number of established manufacturers of medical oxygen in the U.S. are anticipated to give to the growth of medical oxygen market.
The business for medical devices is commanded by imports as most locally manufactured devices are exported to other regions. With an amplified demand for imported devices, the governing system along with the healthcare business is more open to advanced and novel technologies that have risen imports of medical equipment in emerging countries such as India. However, imports and exports have been completely affected due to the closed boundary of major economies in order to avert the spread of coronavirus.
Form Insights
The liquid oxygen segment is anticipated to lead during the forecast period. This domination can be accredited to the increasing prevalence of chronic obstructive pulmonary disease (COPD) globally. Moreover, it is highly effective in increasing the amount of oxygen in the body to healthy, normal levels, which is further anticipated to create more opportunities for segmental growth over the coming years.
End User Insights
The hospitals & clinics segment is expected to hold the largest revenue share of the market during the forecast period owing to the increasing number of patients suffering from various respiratory diseases, and rising awareness about these diseases.
Region Insights
The medical oxygen market is dominated by North America due to existence of skilled researchers and high prevalence of chronic respiratory ailments. This region is prone to numerous respiratory disorders due to weaker immune system and low oxygen intake capacity. Moreover, government initiatives such as the accredited use of portable oxygen concentrators during air travel by the Federal Aviation Administration (FAA) and growing prevalence of severe chronic obstructive pulmonary disorder due to unhealthy lifestyles are contributing to the regional market growth.
Europe accounted for the second largest share majorly due to boosting reimbursement scenario and high geriatric population. However, Asia-Pacific is anticipated to witness the fast growth rate, on account of growing investment by major manufacturers, high tobacco usage for smoking, and growing per-capita healthcare expenditure. Living and health standards have grown significantly in the more developed nations of the region. The growth in life expectancy and awareness about available technologies are some of the factors expected to contribute to regional market growth over the valuation period.
Key Companies Insights
Key players are focusing on their technological partnerships, collaborations, and merger & acquisitions strategies to gain a competitive edge and expand their product portfolio & business footmark. The Covid-19 pandemic hindered the healthcare infrastructure across the world and driven the market players to enhance their products for unexploited opportunities.
Some of the key players operating in the global medical oxygen market include:
• Linde PLC
• Air Products and Chemicals Inc.
• Air Liquide SA
• Taiyo Nippon Sanso Corp.
• Messer SE & Co KGaA
• Keen Compressed Gas Co.
• Atlas Copco AB
• Gulf Cryo Saudi for Industrial & Medical Gases
• Jubail Gas Plant Co. Ltd.
• Jacko Gases Company
• Aldakheel Industrial Gases Plant (DIGAS)
• Barrak Industrial Gases Plant
• Acail Gas
• WestAir Gases & Equipment Inc.
• Goyal MG Gases Pvt Ltd.
• Haun Welding Supply, Inc.
• AGL Welding Supply Co., Inc.
• THE SOUTHERN GAS LTD.
• Ellenbarrie Industrial Gases Ltd.
• Inox Air Products Pvt Ltd.
• Other players
Some of the Recent Developments:
• In 2021, the Indian Institute of Technology launched AMLEX, the first-of-its-kind Oxygen Rationing Device, to improve the life span of medical oxygen cylinders up to three times. This device delivers only the required amount of oxygen to the patient during inhalation and trips when carbon dioxide is exhaled, hence, saving the oxygen gas from wastage.
• In 2021, Linde PLC collaborated with its operations in Asia-Pacific such as China, Thailand, Singapore and several Indian associates to deliver ISO cryogenic tankers from across the regions, to India.
Segments
By Form
• Liquid Oxygen
• Compressed Oxygen
• Oxygen Gas Mixture
By Delivery Mode
• Tanks/Pipeline
• Cylinder
• Others
By Application
• Therapeutic
• Diagnostics
By End User
• Hospitals & Clinics
• Ambulatory Care Centers
• Homecare
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Medical Oxygen Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Medical Oxygen
1.3 Medical Oxygen Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Medical Oxygen
1.4.2 Applications of Medical Oxygen
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 SOL Group Market Performance Analysis
3.1.1 SOL Group Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 SOL Group Sales, Value, Price, Gross Margin 2016-2021
3.2 Air Water Inc Market Performance Analysis
3.2.1 Air Water Inc Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Air Water Inc Sales, Value, Price, Gross Margin 2016-2021
3.3 Norco Market Performance Analysis
3.3.1 Norco Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Norco Sales, Value, Price, Gross Margin 2016-2021
3.4 Praxair Market Performance Analysis
3.4.1 Praxair Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Praxair Sales, Value, Price, Gross Margin 2016-2021
3.5 Messer Group Market Performance Analysis
3.5.1 Messer Group Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Messer Group Sales, Value, Price, Gross Margin 2016-2021
3.6 Linde Healthcare Market Performance Analysis
3.6.1 Linde Healthcare Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Linde Healthcare Sales, Value, Price, Gross Margin 2016-2021
3.7 Air Products Market Performance Analysis
3.7.1 Air Products Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Air Products Sales, Value, Price, Gross Margin 2016-2021
3.8 Taiyo Nippon Sanso Corporation (Matheson Tri-Gas Inc.) Market Performance Analysis
3.8.1 Taiyo Nippon Sanso Corporation (Matheson Tri-Gas Inc.) Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Taiyo Nippon Sanso Corporation (Matheson Tri-Gas Inc.) Sales, Value, Price, Gross Margin 2016-2021
3.9 Air Liquide(Airgas) Market Performance Analysis
3.9.1 Air Liquide(Airgas) Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Air Liquide(Airgas) Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Medical Oxygen Production and Value by Type
4.1.1 Global Medical Oxygen Production by Type 2016-2021
4.1.2 Global Medical Oxygen Market Value by Type 2016-2021
4.2 Global Medical Oxygen Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Gaseous State Market Production, Value and Growth Rate
4.2.2 Liquid State Market Production, Value and Growth Rate
4.3 Global Medical Oxygen Production and Value Forecast by Type
4.3.1 Global Medical Oxygen Production Forecast by Type 2021-2026
4.3.2 Global Medical Oxygen Market Value Forecast by Type 2021-2026
4.4 Global Medical Oxygen Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Gaseous State Market Production, Value and Growth Rate Forecast
4.4.2 Liquid State Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Medical Oxygen Consumption and Value by Application
5.1.1 Global Medical Oxygen Consumption by Application 2016-2021
5.1.2 Global Medical Oxygen Market Value by Application 2016-2021
5.2 Global Medical Oxygen Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Hospitals (Labs and Clinics) Market Consumption, Value and Growth Rate
5.2.2 Home Healthcare Market Consumption, Value and Growth Rate
5.2.3 Universities/Research Institutions Market Consumption, Value and Growth Rate
5.2.4 Pharmaceutical and Biotechnology Industries Market Consumption, Value and Growth Rate
5.3 Global Medical Oxygen Consumption and Value Forecast by Application
5.3.1 Global Medical Oxygen Consumption Forecast by Application 2021-2026
5.3.2 Global Medical Oxygen Market Value Forecast by Application 2021-2026
5.4 Global Medical Oxygen Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Hospitals (Labs and Clinics) Market Consumption, Value and Growth Rate Forecast
5.4.2 Home Healthcare Market Consumption, Value and Growth Rate Forecast
5.4.3 Universities/Research Institutions Market Consumption, Value and Growth Rate Forecast
5.4.4 Pharmaceutical and Biotechnology Industries Market Consumption, Value and Growth Rate Forecast
6 Global Medical Oxygen by Region, Historical Data and Market Forecasts
6.1 Global Medical Oxygen Sales by Region 2016-2021
6.2 Global Medical Oxygen Market Value by Region 2016-2021
6.3 Global Medical Oxygen Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Medical Oxygen Sales Forecast by Region 2021-2026
6.5 Global Medical Oxygen Market Value Forecast by Region 2021-2026
6.6 Global Medical Oxygen Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Medical Oxygen Value and Market Growth 2016-2021
7.2 United State Medical Oxygen Sales and Market Growth 2016-2021
7.3 United State Medical Oxygen Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Medical Oxygen Value and Market Growth 2016-2021
8.2 Canada Medical Oxygen Sales and Market Growth 2016-2021
8.3 Canada Medical Oxygen Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Medical Oxygen Value and Market Growth 2016-2021
9.2 Germany Medical Oxygen Sales and Market Growth 2016-2021
9.3 Germany Medical Oxygen Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Medical Oxygen Value and Market Growth 2016-2021
10.2 UK Medical Oxygen Sales and Market Growth 2016-2021
10.3 UK Medical Oxygen Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Medical Oxygen Value and Market Growth 2016-2021
11.2 France Medical Oxygen Sales and Market Growth 2016-2021
11.3 France Medical Oxygen Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Medical Oxygen Value and Market Growth 2016-2021
12.2 Italy Medical Oxygen Sales and Market Growth 2016-2021
12.3 Italy Medical Oxygen Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Medical Oxygen Value and Market Growth 2016-2021
13.2 Spain Medical Oxygen Sales and Market Growth 2016-2021
13.3 Spain Medical Oxygen Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Medical Oxygen Value and Market Growth 2016-2021
14.2 Russia Medical Oxygen Sales and Market Growth 2016-2021
14.3 Russia Medical Oxygen Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Medical Oxygen Value and Market Growth 2016-2021
15.2 China Medical Oxygen Sales and Market Growth 2016-2021
15.3 China Medical Oxygen Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Medical Oxygen Value and Market Growth 2016-2021
16.2 Japan Medical Oxygen Sales and Market Growth 2016-2021
16.3 Japan Medical Oxygen Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Medical Oxygen Value and Market Growth 2016-2021
17.2 South Korea Medical Oxygen Sales and Market Growth 2016-2021
17.3 South Korea Medical Oxygen Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Medical Oxygen Value and Market Growth 2016-2021
18.2 Australia Medical Oxygen Sales and Market Growth 2016-2021
18.3 Australia Medical Oxygen Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Medical Oxygen Value and Market Growth 2016-2021
19.2 Thailand Medical Oxygen Sales and Market Growth 2016-2021
19.3 Thailand Medical Oxygen Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Medical Oxygen Value and Market Growth 2016-2021
20.2 Brazil Medical Oxygen Sales and Market Growth 2016-2021
20.3 Brazil Medical Oxygen Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Medical Oxygen Value and Market Growth 2016-2021
21.2 Argentina Medical Oxygen Sales and Market Growth 2016-2021
21.3 Argentina Medical Oxygen Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Medical Oxygen Value and Market Growth 2016-2021
22.2 Chile Medical Oxygen Sales and Market Growth 2016-2021
22.3 Chile Medical Oxygen Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Medical Oxygen Value and Market Growth 2016-2021
23.2 South Africa Medical Oxygen Sales and Market Growth 2016-2021
23.3 South Africa Medical Oxygen Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Medical Oxygen Value and Market Growth 2016-2021
24.2 Egypt Medical Oxygen Sales and Market Growth 2016-2021
24.3 Egypt Medical Oxygen Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Medical Oxygen Value and Market Growth 2016-2021
25.2 UAE Medical Oxygen Sales and Market Growth 2016-2021
25.3 UAE Medical Oxygen Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Medical Oxygen Value and Market Growth 2016-2021
26.2 Saudi Arabia Medical Oxygen Sales and Market Growth 2016-2021
26.3 Saudi Arabia Medical Oxygen Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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