Oxygen Cylinders and Concentrators Market Research Report - Forecast to 2029 (Includes Business Impact of COVID-19)

  • TBI837815
  • November 28, 2020
  • Global
  • 132 pages
  • Lucintel
                                              

Abstract, Snapshot, Market Analysis & Market Definition: Oxygen Cylinders and Concentrators Market

Industry / Sector Trends

Oxygen Cylinders and Concentrators Market size was valued over USD 2.7 billion in 2018 and is expected to witness 8.9% CAGR from 2019 to 2025. U.S. oxygen cylinders and concentrators market, by product, 2014 - 2025 (USD Million) Oxygen cylinders and concentrators market is poised to witness robust growth over the forecast period. Increasing geriatric population base will serve as a high impact rendering factor. The elderly population is at a greater risk of acquiring respiratory disorders such as COPD. Aging leads to decline in effectiveness of defense mechanism of the lung along with weakening of respiratory muscles. Moreover, there is a decrease in peak airflow and the maximum amount of air that can be breathed out after a maximum inhalation. Rising number of smokers and growing exposure to dust particles will further fuel business growth. Cigarette smoke releases chemicals which are absorbed by lungs leading to tissue and cell damage. Inhalation of dust particles and their consequent settling in the airways may lead to inflammation of the trachea or bronchitis. These factors increase the risk of acquiring respiratory diseases. Lack of availability of these devices in developing regions hampers industry expansion. Low product availability is often related to cost and lack of infrastructure. Risk of operational hazards due to unsafe or improper storage practices which may result in serious injuries hampering the industry expansion.

Market Segmentation, Outlook & Regional Insights: Oxygen Cylinders and Concentrators Market

Oxygen Cylinders and Concentrators Market, By Product

Germany oxygen cylinders and concentrators market share, by product, 2018 Portable devices held significant revenue share in 2018. Increased mobility and independence attributed to its light weight and ease of usage will boost 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 grow at a lucrative pace of 8.9% over the forecast years. 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. Furthermore, these devices also find applications in industrial settings requiring large amount of gas for various processes.

Oxygen Cylinders and Concentrators Market, By Application

Healthcare accounted for the largest revenue size of USD 1,263.1 million in 2018 owing to the large number of patients dependent on oxygen. Increasing incidence of respiratory disorders such as COPD, asthma will fuel industry growth 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 demand. Manufacturing will witness 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 industry expansion. Increasing number of people opting for sports such as mountaineering and scuba will also augment industry growth. These sports require a steady source of oxygen due to lack of availability of the gas in the environment in which they are performed.

Oxygen Cylinders and Concentrators Market, By Region

U.S. oxygen cylinders and concentrators market share, by country, 2025 (USD Million) U.S. oxygen cylinders and concentrators market held over 85.0% of regional revenue share in 2018. Increasing prevalence of respiratory diseases and early diagnosis of these diseases will drive business growth. Presence of developed healthcare infrastructure and growing per capita income of the patients will further stimulate industry expansion. India oxygen cylinders and concentrators market will exhibit robust growth of 9.7% over the forecast timeframe. 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 surge demand for oxygen cylinders and concentrators.

Key Players, Recent Developments & Sector Viewpoints: Oxygen Cylinders and Concentrators Market

Some of the prominent industry participants include Chart Industries, Inogen, Invacare, Koninklijke Philips N.V., Catalina Cylinders, Air Liquide, MeBer, HERSILL, Tecno Gaz and Cramer Decker. The industry players resort to various strategies such as acquisitions, new product launch and partnerships for strengthening their market position. For instance, in May 2016, Inogen launched Inogen One G4 oxygen concentrator for long term oxygen therapy users. The move has broadened the companys product portfolio.

Oxygen Cylinders and Concentrators Industry Viewpoint

Oxygen cylinders and concentrators industry is highly fragmented in nature and witnesses high industrial rivalry. The rivalry is set to intensity further over the forecast years owing to the entry of new players owing to the favorable regulations. Development of light weight products offering ease of portability coupled with long battery life will drive business growth over the coming years. Asia Pacific and Latin American countries provide a lucrative future opportunity owing to the presence of large patient pool suffering from Chronic Obstructive Pulmonary Disease, Asthma and other respiratory disorder

Key Insights Covered: Exhaustive Oxygen Cylinders and Concentrators Market

1. Market size (sales, revenue and growth rate) of Oxygen Cylinders and Concentrators industry. 2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Oxygen Cylinders and Concentrators industry. 3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Oxygen Cylinders and Concentrators industry. 4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Oxygen Cylinders and Concentrators industry.

Research Methodology: Oxygen Cylinders and Concentrators Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

1 Report Overview
    1.1 Research Scope
    1.2 Major Manufacturers Covered in This Report
    1.3 Market Segment by Type
        1.3.1 Global Oxygen Cylinders and Concentrators Market Size Growth Rate by Type (2019-2025)
    1.4 Market Segment by Application
        1.4.1 Global Oxygen Cylinders and Concentrators Market Share by Application (2019-2025)
    1.5 Study Objectives
    1.6 Years Considered

2 Global Growth Trends
    2.1 Production and Capacity Analysis
        2.1.1 Global Oxygen Cylinders and Concentrators Production Value 2014-2025
        2.1.2 Global Oxygen Cylinders and Concentrators Production 2014-2025
        2.1.3 Global Oxygen Cylinders and Concentrators Capacity 2014-2025
        2.1.4 Global Oxygen Cylinders and Concentrators Marketing Pricing and Trends
    2.2 Key Producers Growth Rate (CAGR) 2019-2025
        2.2.1 Global Oxygen Cylinders and Concentrators Market Size CAGR of Key Regions
        2.2.2 Global Oxygen Cylinders and Concentrators Market Share of Key Regions
2.3 Industry Trends
        2.3.1 Market Top Trends
        2.3.2 Market Drivers

3 Market Share by Manufacturers
    3.1 Capacity and Production by Manufacturers
        3.1.1 Global Oxygen Cylinders and Concentrators Capacity by Manufacturers
        3.1.2 Global Oxygen Cylinders and Concentrators Production by Manufacturers
    3.2 Revenue by Manufacturers
        3.2.1 Oxygen Cylinders and Concentrators Revenue by Manufacturers (2014-2019)
        3.2.2 Oxygen Cylinders and Concentrators Revenue Share by Manufacturers (2014-2019)
        3.2.3 Global Oxygen Cylinders and Concentrators Concentration Ratio
    3.3 Oxygen Cylinders and Concentrators Price by Manufacturers
    3.4 Key Manufacturers Oxygen Cylinders and Concentrators Plants/Factories Distribution and Area Served
    3.5 Date of Key Manufacturers Enter into Oxygen Cylinders and Concentrators Market
    3.6 Key Manufacturers Oxygen Cylinders and Concentrators Product Offered
    3.7 Mergers & Acquisitions, Expansion Plans

4 Market Size by Type
    4.1 Production and Production Value for Each Type
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