The Global Market for Medical Grade Oxygen Estimated at USD 8.98 Billion In the Year 2022, Is Projected To Reach A Revised Size Of USD 16.02 Billion By 2030, Growing At A CAGR Of 7.5% Over The Forecast Period 2023-2030.
Market Overview:
High-purity oxygen that has been created for use in the human body and is employed in medical procedures is known as medical oxygen. Medical oxygen cylinders are only permitted to contain pure oxygen gas in order to prevent contamination. The method of air-liquefaction is used to create medicinal oxygen, and the International Pharmacopoeia outlines its specifications. Currently, oxygen must have 99.5% volume-to-volume oxygen (O2). There are three different low-flow oxygen delivery methods to consider: liquid oxygen, oxygen concentrators, and compressed oxygen cylinders. Oxygen supplementation is necessary for patients with CRDs like COPD in order to facilitate breathing, which can significantly enhance the quality of life.
Top Key Players for Medical Grade Oxygen Market:
Medtronic (Ireland), DeVilbiss Healthcare LLC (U.S.), Messer Group GmbH (Germany), Philips Healthcare (Netherlands), Invacare Corporation (U.S.), Air Products (U.S.), Linde PLC (Ireland), Gulf Cryo Saudi for Industrial & Medical Gases (U.A.E.), Nidek Medical (India), Terumo Medical Corporation (Japan), OrientMEd International (U.A.E.), Jacko Gases Company (Saudi Arabia) and Other Major Players.
Report:
introspectivemarketresearch.com/request/16595
The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for Medical Grade Oxygen Market:
Drivers:
Increasing Prevalence of Respiratory Diseases
The increasing prevalence of respiratory diseases, such as COPD, asthma, and respiratory infections, is a significant driver for the demand for medical-grade oxygen. Oxygen therapy is crucial for patients with severe respiratory issues, ensuring an adequate supply of oxygen to the body. As the number of individuals affected by these conditions rises, the need for medical-grade oxygen in healthcare settings also grows, making it an essential intervention to support patients' respiratory health.
Opportunities:
Advancements in Oxygen Delivery Systems
Advancements in oxygen delivery systems through ongoing research and technology developments are paving the way for more efficient and patient-friendly solutions. Innovative products like lightweight portable oxygen concentrators and smart oxygen delivery devices are emerging, enhancing patient comfort and compliance. These advancements create a promising market for more advanced and convenient oxygen therapy solutions. As medical technology continues to evolve, patients can benefit from improved access to oxygen therapy both in traditional healthcare settings and at home, while healthcare providers can explore new opportunities to meet the growing demand for these innovative products.
Report:
introspectivemarketresearch.com/inquiry/16595
Segmentation Analysis of the Medical Grade Oxygen Market:
By Product Type, Compressed Gas Systems dominate the medical-grade oxygen market due to their versatility, cost-effectiveness, and existing distribution networks, making them the preferred choice for oxygen supply in healthcare facilities. Portable Oxygen Concentrator Systems and Liquid Oxygen Systems also hold significance, but compressed gas systems have a larger market share.
By Delivery Type, Continuous Flow Dose Delivery dominates the medical-grade oxygen market due to its consistent and continuous supply of oxygen, making it suitable for patients with more severe respiratory conditions requiring stable oxygen levels. Pulse Mode Delivery is also prevalent, offering a more efficient and economical option for patients with less critical respiratory needs, delivering oxygen in short bursts during inhalation.
By Product Type
- Compressed gas systems
- Portable oxygen concentrator systems (POCs)
- Liquid oxygen systems
By Delivery type
- Oxygen Delivery In Oxygen Concentrators
- Continuous Flow Dose Deliver
- Pulse Mode Delivery
By Indication
- Stationary Oxygen Concentrators
- Portable Oxygen Concentrators
By End User
- General and Specialized Hospitals
- Emergency Transports
- Outpatient Units
- Others
Report: introspectivemarketresearch.com/custom-…arch/16595
Regional Analysis of the Medical Grade Oxygen Market:
The Asia Pacific region emerged as the dominant market for medical-grade oxygen, driven by several factors. These include a fast-growing population, increasing disease burden, and rapid urbanization, all contributing to rising demand for medical oxygen cylinders in the APAC area. The market's main driver was the substantial surge in COVID-19 patients, particularly in China, India, and Australia. The pandemic created a shortage of medical oxygen due to insufficient healthcare facilities and infrastructure, prompting governments to take measures to enhance oxygen supply and address the growing demand.
By Regional Outlook
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In February 2020, Air Products Qudra, in collaboration with the Royal Commission for Jubail and Yanbu, held a ceremonial groundbreaking to mark the start of work in building a world-class, fully-integrated industrial gases hub in the Jubail Industrial City.
In September 2020, Drive DeVilbiss Healthcare announced a collaboration with Amazon Business to market the INTELLIPAP® Bilevel ST. The BiLevel S/T device is intended to provide non-invasive ventilatory support to patients with respiratory disorders such as chronic obstructive pulmonary disease (COPD), respiratory insufficiency, and obstructive sleep apnea (OSA). These devices are used in the hospital or at home.
Report: introspectivemarketresearch.com/checkou…_sid=16595
News From
Introspective Market Research Category: Market Research Publishers and Retailers Profile: Introspective Market Research is a visionary research company who is ready to assist their customer to flourish their business by offering strategies for gaining success.
We sell market research reports received from other leading companies in the market research industry which offer in-depth and trustworthy information on different topics and sectors.
The IMR founded by the team of experts and experienced professionals in the industry. The team is focusing on offering the empirical data colle ...
This email address is being protected from spambots. You need JavaScript enabled to view it.
