Global Medical Oxygen Concentrators And Oxygen Cylinders Market  report considers public demands, competencies and the constant growth of the working industry, vibrant reporting, and the high data protection services. To generate this most excellent market report, an expert team follows several steps of collecting and analysing market data of the Healthcare industry. This business report comprises of a market data that provides a detailed analysis of the industry and its impact based on applications and on different geographical regions, and systemic analysis of growth trends and future prospects. A significant this market research report suggests that global market is supposed to witness a moderately higher growth rate during the forecast period.

Data Bridge Market Research analyses that the medical oxygen concentrators and oxygen cylinders market which was USD 3.25 billion in 2021, would rocket up to USD 5.12 billion by 2029, and is expected to undergo a CAGR of 5.85% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The tempered steel canisters used to preserve oxygen at high pressure are known as medical oxygen cylinders. The majority of oxygen cylinders are utilized for medicinal or diagnostic purposes. It contains high-pressure oxygen or oxygen in liquid form and is utilized in medical emergencies. Oxygen cylinders are also available in a variety of sizes, depending on their intended use.

Medical Oxygen Concentrators and Oxygen Cylinders Market Dynamics

Increased public awareness of personal healthcare

The primary factor driving the medical oxygen cylinder market is the provision of oxygen in its purest form to medical equipment and the construction of cylinders. The key possibility for expanding the global medical oxygen concentrators and oxygen cylinders market is increased breathing problems due to diseases and increased public awareness of personal healthcare. Oxygen cylinders do not require batteries, which is another benefit for the market’s growth.

Growth in out-of-pocket spending in the healthcare sector

According to the WHO study Global Spending 2020, government health spending and out-of-pocket spending (OOPS) per capita have increased dramatically in several nations around the world during the previous decade. The rise in out-of-pocket spending indicates that a patient’s out-of-pocket expenses are rising, and that medical insurance plays no part in assisting them financially. Out-of-pocket spending has accounted for over one-third of total health spending in all nations, excluding high-income countries, due to the presence of insurance firms and free healthcare. Increased OOPS spending has directly impacted the demand for oxygen concentrators in low- and middle-income countries, with severe pollution levels. As a result of the increased demand, the market has grown.

Rising prevalence of respiratory disorders around the world

Medical oxygen concentrators have become more popular as the prevalence of respiratory disorders has increased. Chronic obstructive pulmonary disease (COPD) is a well-known respiratory disease in which the airflow channels in the lungs narrow, reducing the amount of oxygen delivered to the body’s circulating blood. For such patients, an oxygen concentrator is a life-saving medical device because it is more portable and easier to use than other oxygen devices on the market, making it more beneficial in such situations. These are some of the elements that are propelling the market forward.

The growing population, chronic obstructive pulmonary disease (COPD) is on the rise, affecting millions of individuals and indicating an increase in demand for oxygen concentrators and cylinders in the future. The number of patients with respiratory problems has increased dramatically as a result of COVID-19, and the impact of this pandemic is expected to last longer, resulting in rapid market expansion, while rising demand for portable oxygen concentrators will fuel market growth in the coming years.

The biggest problem for the global medical oxygen concentrators and oxygen cylinder market is rising oxygen cylinder costs. The primary limitation in the growth of the market during the forecast period of 2022-2029 is technical precautions such as using the cylinder at a specific distance from a combustible element. The expanding prevalence of COVID-19 has resulted in an increase in the number of cases around the world, resulting in an increase in the number of patients requiring advanced care. Due to a lack of ventilators, many countries have turned to medical oxygen concentrators as a last resort. As a result, medical equipment makers have been working on improving the purification capacity of medical oxygen concentrators.

This medical oxygen concentrators and oxygen cylinders market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical oxygen concentrators and oxygen cylinders market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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COVID-19 Impact on Medical Oxygen Concentrators and Oxygen Cylinders Market

Due to a large demand for oxygen concentrators and oxygen cylinders from end-use industries, the global medical oxygen concentrators and oxygen cylinders market has seen significant growth. Due to the worldwide epidemic of COVID-19, the market has seen greatest increase in demand in 2020. As a result of the second wave of coronavirus, which has worsened the burden on the healthcare sector, the same pattern is prevailing in the industry. The market is expected to continue in this direction during the forecast period, as medical professionals advise being prepared for the future even if the COVID-19 pandemic appears to be under control.

In January, 2021, CAIRE Inc. announced the release of the SAROSTM 4000 Oxygen System, specifically intended for military application. The new version of CE-marked SAROS is built in accordance with the most up-to-date medical device standards for the European region and includes CAIRE’s autoSAT technology, which allows the patient’s respiratory rate to be changed to maintain oxygen levels.

In April 2021, Exalta, a renewable energy business, has announced the launch of small oxygen concentrators to help India’s oxygen crisis. The final product is a portable oxygen concentrator that produces oxygen using water and electrolysis.

Global Medical Oxygen Concentrators and Oxygen Cylinders Market Scope

The medical oxygen concentrators and oxygen cylinders market is segmented on the basis of product, technology and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Medical Oxygen Concentrators and Oxygen Cylinders Market Regional Analysis/Insights

The medical oxygen concentrators and oxygen cylinders market is analysed and market size insights and trends are provided by country, product, technology and end-user as referenced above.

The countries covered in the medical oxygen concentrators and oxygen cylinders market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is likely to lead the global medical oxygen concentrators and oxygen cylinders market. An increase in graph of COVID-19 cases and shift of population with breathing issues is the key factor for the growth of market in this region.

Asia-Pacific is expected to exhibit a substantial growth rate during the forecast period 2022-2029 due to an increase in cases of chronic and infectious diseases among a larger population.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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Some of the major players operating in the medical oxygen concentrators and oxygen cylinders market are:

Koninklijke Philips N.V. (Netherlands)

O2 CONCEPTS LLC (U.S.)

Precision Medical, Inc. (U.S.)

Drive DeVilbiss Healthcare (U.S.)

Messer SE & Co. KGaA (Germany)

Key Pointers Covered in This Market Research Report: Market Size Market New Sales Volumes Market Replacement Sales Volumes Installed Base Market By Brands Market Procedure Volumes Market Product Price Analysis Market Healthcare Outcomes Market Cost of Care Analysis Regulatory Framework and Changes Prices and Reimbursement Analysis Market Shares in Different Regions Recent Developments for Market Competitors Market Upcoming Applications Market Innovators Study

Reasons to Buy of this Market Research Report:

CAGR of the market during the forecast period 2022-2029 Detailed information on factors that will assist market growth during the next five years Estimation of the market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior Analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of market vendors

What insights does the Market report provide to the readers?

* Market fragmentation on the basis of product type, end-use, and region * Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape * Collaborations, R&D projects, acquisitions, and product launches of each Market player * Various regulations imposed by the governments on the consumption of Market in detail

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