Medical Oxygen Cylinder Market Demand, Size, Share & Forecast 2032

Medical Oxygen Cylinder Market: Industry Perspective

The global medical oxygen cylinder market size was worth around USD 4.47 billion in 2023 and is predicted to grow to around USD 6.58 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.52% between 2024 and 2032.

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The report covers forecasts and analyses for the medical oxygen cylinder market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024  to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the medical oxygen cylinder market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the medical oxygen cylinder market on a global as well as regional level.

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In order to give the users of this report a comprehensive view of the medical oxygen cylinder market we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein type and end-user segments are benchmarked based on their market size, growth rate and general attractiveness.

The report provides a company market share analysis in order to give a broader overview of the key players in the medical oxygen cylinder market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the medical oxygen cylinder market on a global and regional basis.

Medical Oxygen Cylinder Market: Report Scope

Medical Oxygen Cylinder Market: Regional Analysis

North America holds a significant share of the global medical oxygen cylinder market, primarily due to the high prevalence of respiratory conditions such as asthma and COPD, and the significant impact of the COVID-19 pandemic. The United States, in particular, has seen a sharp rise in the demand for medical oxygen cylinders due to an increasing number of patients requiring supplemental oxygen. Government initiatives and investments in healthcare infrastructure have further supported market growth in this region.

The Asia-Pacific region is anticipated to witness the fastest growth in the medical oxygen cylinder market. This rapid growth is attributed to the large and increasing population, the high prevalence of chronic and infectious diseases, and improving healthcare infrastructure in countries like China and India.

Medical Oxygen Cylinder Market: Competitive Analysis

The global medical oxygen cylinder market is dominated by players like:

• TECNO-GAZ
• AirGenics
• Allied Healthcare Products
• FARUM
• Attucho
• ROYAX
• Atlas Copco
• Air Products
• Airgas Inc
• Praxair Inc

This report segments the Global Medical Oxygen Cylinder Market as follows:

Global Medical Oxygen Cylinder Market: By Type

• Portable
• Fixed

Global Medical Oxygen Cylinder Market: By Application       

• Respiratory Department
• Emergency Room
• Household
• Operating Room
• Others

Global Medical Oxygen Cylinder Market: By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa