Oxygen Cylinders and Concentrators Market Opportunity, Demand, recent trends, Major Driving Factors and Business Growth Strategies 2025
Category: #headlines  By Deepak Pardhi  Date: 2019-08-12
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Oxygen Cylinders and Concentrators Market Opportunity, Demand, recent trends, Major Driving Factors and Business Growth Strategies 2025

Oxygen Cylinders and Concentrators Market Research Report is a professional and in-depth study on the current state of the global industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Oxygen Cylinders and Concentrators Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status

 

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Oxygen Cylinders and Concentrators Market will exceed USD 5.0 billion by 2025; as per a new research report.

 

Increasing geriatric population base which is at higher risk of acquiring respiratory disorders such as COPD, asthma and pulmonary will drive oxygen cylinders market growth. Furthermore, growing exposure to dust and smoke particles produced as a result of various manufacturing processes along with increase in smoking incidence has increased the risk of acquiring respiratory disorders. Growing demand for adventure sports such as scuba diving and mountaineering requiring a constant oxygen supply will further boost industry expansion.

 

According to a recent study by using Global Obstructive Lung Disease (GOLD) classification to determine the acuteness of COPD in the United States, the prevalence of GOLD was over 1.8% in every single patient of between age group of 40-49 compared to almost 19% in those over 70 years of age. Millions of individuals are diagnosed with COPD worldwide and 15% of them are prescribed oxygen. Increasing number of COPD patients coming into the market will drive the business growth in the coming years.

 

Portable oxygen cylinders accounted for the largest market share of 53.0% in 2018 and is poised to grow at the fastest rate over the forecast timeframe owing to increased convenience and mobility provided by these devices. In addition, increasing demand and high adoption rate of the oxygen cylinders in many different domains coupled with rising prevalence of interstitial lung disease, hypoxaemia, chronic diseases, oxygen therapy requirements, cyanosis, coronary occlusion, pulmonary fibrosis, severe hemorrhage, and exertional desaturation are factors propelling business growth.

 

Healthcare accounted for 47.1% of revenue share in 2018. Wide range of applications in medical sector coupled with increasing demand for oxygen cylinders should drive industry growth over the forecast period. Manufacturing application segment will grow at a CAGR of 9.1% during the forecast period due to increased usage of oxygen cylinders in various industries. There are numerous petrochemical intermediates that are currently being manufactured with high-purity oxygen, such as ethylene and propylene oxide, vinyl chloride and caprolactam which will drive the segmental growth.

 

North America held the largest market share of nearly 34.7% in 2018 with the U.S. dominating the oxygen cylinders and concentrators market. High number of hospitals equipped with advanced oxygen delivery systems in the united states have resulted in high market value. Asia Pacific and Latin America present lucrative future opportunity owing to expansion and development of healthcare facilities. Countries such as India and China are developing at rapid rate; healthcare sectors in these countries are expanding and improving, giving rise to demand for oxygen cylinders and concentrators.

 

The major industry players in the oxygen cylinders and concentrators market are Philips Respironics, Inogen and O2 Concepts, Nidek Medical, Teijin, Drive DeVilbiss Healthcare, Inova Labs, Teijin, and Invacare, among others. The oxygen cylinders market is witnessing tremendous advancements in terms of new product development in the previous years. Various manufacturers are introducing innovative and advanced oxygen concentrators and cylinders in the market in order to stay ahead in the competition.

 

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Research objectives:

 

To study and analyze the global Oxygen Cylinders and Concentrators size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Oxygen Cylinders and Concentrators by identifying its various subsegments.

Focuses on the key global Oxygen Cylinders and Concentrators players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Oxygen Cylinders and Concentrators with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the size of Oxygen Cylinders and Concentrators submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

 

Table of Contents:

1 Oxygen Cylinders and Concentrators  Market Overview
2 Manufacturers Profiles
3 Global Oxygen Cylinders and Concentrators  Market Competition, by Players
4 Global Oxygen Cylinders and Concentrators  Market Size by Regions
5 North America Oxygen Cylinders and Concentrators  Revenue by Countries
6 Europe Oxygen Cylinders and Concentrators  Revenue by Countries
7 Asia-Pacific Oxygen Cylinders and Concentrators  Revenue by Countries
8 South America Oxygen Cylinders and Concentrators  Revenue by Countries
9 Middle East and Africa Revenue Oxygen Cylinders and Concentrators  by Countries
10 Global Oxygen Cylinders and Concentrators  Market Segment by Type
11 Global Oxygen Cylinders and Concentrators  Market Segment by Application
12 Global Oxygen Cylinders and Concentrators  Market Size Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix

 

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About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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