Increasing prevalence of
chronic diseases is expected to drive the growth of global medical oxygen
market
According
to TechSci Research report, “Global Medical Oxygen Market By Form (Compressed,
Liquid Oxygen, Oxygen Concentrators, Others), By Purity (99.5%, >99.5%), By
Delivery Mode (Topical Application, Aerial Diffusion, Direct Inhalation,
Others), By Modality (Portable Medical Oxygen Systems v/s Standalone Medical
Oxygen Systems), By Technology (Continuous Flow v/s Pulse Dose), By Application
(COPD, Pneumonia, Asthma, Bronchopulmonary, Others), By End User (Hospitals,
Ambulatory Centers, Others), By Region, Competition, Forecast &
Opportunities, 2025”, global medical oxygen market is expected to witness
a significant CAGR during the forecast period. Need for better medical facilitiesis one of the major factors accounting for
the growth of global medical oxygenmarket. Moreover,technological
advancement in healthcare sector is expected to bode well for the growth of
global medical oxygen market through the forecast period. In addition to this, growing
incidence of chronic obstructive pulmonary diseases (COPDs) is expected to
positively influence the growth of global medical oxygen market in the years to
come. Also, the government and non-government organizations worldwide are launching
several campaigns and programs for educating citizens about COPD and ways to
manage it, is further making headway for the growth of global medical oxygen
market over the coming years.
Browse XX market data Tables and XX Figures spread
through XXX Pages and an in-depth TOC on
"Global Medical Oxygen Market "
Global
medical oxygen market can be segmented based onform, purity, delivery mode, modality, technology,
application, end user,company, and region. Considering the end user, the
market is fragmented into hospitals, ambulatory centers, emergency medical
centers, home care settings, and others. Among these, the home care settings segment
is forecastto register high growth during the forecast period which can be
attributed to increasing demand for home healthcare oxygen therapies.
Additionally, improvement in standard of living along with growing usage of
home-based therapy, are further anticipated to boost the growth of segment
during the forecast period. In terms of application, the market can be
categorized into COPD, pneumonia, asthma, bronchopulmonary, cystic fibrosis,
heart failure, sleep apnea, lung disorders, and others. Here, the COPD application
segment dominated the market until 2019 and is projected to maintain its
dominance during the next five years as well,which is attributable to high
prevalence of tobacco use and rising pollution levels.Based on modality, the
market is bifurcated into portable medical oxygen systems and standalone
medical oxygen system. Out of these, portable medical oxygen systems is
estimated to register highest growth in the years to come on account of rise in
the number of air travelers coupled with increasing approvals for portable
concentrators from the Federal Aviation Administration (FAA).
Linde Plc, Air Liquide, Air Products and
Chemicals, Inc., Taiyo Nippon Sanso Corporation, Messer Group, Cryofab Inc, Terumo
Medical Corporation, Keen Compressed Gas Co, GF Health Products Inc.,Koninklijke
Philips N.V., Invacare Corporation, Goyal MG Gases Private Limited, Ellenbarrie
Industrial Gases Limited, Devilbiss Healthcare LLC, Inogen Inc., O2 Concepts, Teijin
Limited, GCE Healthcare, Inova Labs Inc., Novair Medicalare
among others are the leading players operating in global medical oxygen market.
The leading players are adopting several growth strategies to enhance the
market scenario of medical oxygen.
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“North Americais forecast to dominate the global medical oxygen market until
2025 on account ofgrowingprevalence of lung disorders in the region. Furthermore,increasing
casesof severe chronic obstructive pulmonary disorder among populationowing to
unhealthy lifestyles,is further anticipated to boost the market growth for medical
oxygen over the coming years. Asia-Pacific region is estimated to register high
growth in the years to come which can be attributed toawareness regarding
available technologies.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Medical Oxygen Market By Form (Compressed,
Liquid Oxygen, Oxygen Concentrators, Others), By Purity (99.5%, >99.5%), By
Delivery Mode (Topical Application, Aerial Diffusion, Direct Inhalation,
Others), By Modality (Portable Medical Oxygen Systems v/s Standalone Medical
Oxygen Systems), By Technology (Continuous Flow v/s Pulse Dose), By Application
(COPD, Pneumonia, Asthma, Bronchopulmonary, Others), By End User (Hospitals,
Ambulatory Centers, Others),By Region, Competition, Forecast &
Opportunities, 2025”
has evaluated the future growth potential of global medical oxygen market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global medical oxygen market.
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