Oxygen Cylinders and Concentrators Market: Top 3 trends boosting the industry demand through 2025

The oxygen cylinders and concentrators market is projected to record tremendous growth on account of rising elderly population base that is mostly prone to chronic respiratory diseases like asthma, pulmonary, and COPD.

The oxygen cylinders and concentrators market is projected to record tremendous growth on account of rising elderly population base that is mostly prone to chronic respiratory diseases like asthma, pulmonary, and COPD. Increasing exposure to smoke and dust particles generated by manufacturing processes could heighten the risk of contracting respiratory diseases by plant workers.

Growing inclination towards unhealthy smoking habits could increase the chances of contracting respiratory disorders, consequently driving the requirement for oxygen cylinders for treating these disorders. Apart from hospitals, these cylinders and concentrators are used in a series of adventure sports like mountaineering and scuba diving. These sports heavily rely on oxygen cylinders.

Meanwhile, the ongoing COVID-19 pandemic has propelled the demand for oxygen concentrators and cylinders. In order to help curb the spread of coronavirus, various public as well as private organizations are participating in new initiatives to supply oxygen concentrators to hospitals. According to a report published by Global Market Insights, the oxygen cylinders and concentrators market could surpass USD 5 billion by the year 2025.

Proliferating demand in the healthcare sector -

Rising adoption of oxygen cylinders supported by a wide range of applications in medical institutes could boost the demand for O2 cylinders and concentrators across healthcare facilities. Back in 2018, the hospital segment controlled almost 47.1% of the overall oxygen cylinders and concentrators market revenue share and is anticipated to maintain steady growth over the predicted period. Whereas the manufacturing application segment is expected to hold a CAGR of 9.1% by 2025.

To access sample pages of this report titled, “Oxygen Cylinders and Concentrators Market Size By Product (Portable, Fixed), By Application (Healthcare, Pharmaceutical & Biotechnology, Manufacturing, Aerospace & Automotive, Others), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:

https://www.gminsights.com/request-sample/detail/2097

Promising opportunities across North America and APAC -

Availability of advanced hospital infrastructure that are well-equipped with latest oxygen delivery systems could favor the North America oxygen cylinders & concentrators industry over the forthcoming years. Back in 2018, the region held the biggest oxygen cylinders and concentrators market share of over 34.7%.

Meanwhile, rapid expansion of existing healthcare facilities could proliferate the adoption rates of oxygen cylinders and concentrators in Asia Pacific. Healthcare sectors across countries such as China and India are developing at rapid rate with an aim to expand and improve their facilities, boosting the demand for oxygen cylinders and concentrators.

Adoption of innovative business strategies -

Prominent industry players like Inogen and O2 Concepts, Philips Respironics, Teijin, Nidek Medical, Inova Labs, Drive DeVilbiss Healthcare, and Invacare are focusing on developing novel products and services to maintain a competitive edge. Manufacturers are also looking to form strategic alliances to expand their production capabilities.

Taking October 2020 for instance, ZOLL Medical Corporation joined forces with leading manufacturers of oxygen cylinders, CAIRE Inc. to distribute the SAROS® 4000 Portable Oxygen Concentrator in every market outside the United States.

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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