Oxygen Cylinders and Concentrators Market to surpass $4.5 bn by 2024

Oxygen Cylinders and Concentrators Market forecast
to see growth of 9.8% from 2017 to 2024: Global
Market Insights Inc.
The research report “Oxygen Cylinders and Concentrators Market Size By Product
(Portable, Fixed), By Application (Healthcare, Pharmaceutical & Biotechnology,
Manufacturing, Aerospace & Automotive, Others), Industry Analysis Report,
Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China,
India, Japan, South Korea, Australia, Brazil, Mexico, South Africa, Saudi
Arabia), Application Potential, Price Trends, Competitive Market Share &
Forecast, 2017 – 2024” by Global Market Insights, Inc. says, Oxygen Cylinders and
Concentrators Market size is set to exceed USD 4.5 billion by 2024.
Increasing prevalence of COPD, asthma and other respiratory disorders will drive
market growth over the forecast years. Excessive smoking and exposure to industrial
dust will deteriorate the air quality leading to respiratory illness. Climate change
further poses a massive threat to respiratory health as it increases risk factors such
as amounts of pollens, allergens and particulate matter.
Growing demand for adventure sports such as scuba diving and mountaineering will
fuel industry growth. The lack of oxygen at higher altitudes and deep-sea levels
stimulates the need for oxygen cylinders which ensures a regular and continuous
supply. Absence of these devices can lead to headache, dizziness, suffocation and
death.
However, risk of operational hazards associated with the devices impedes industry
expansion. Oxygen is non-flammable but it supports combustion and its improper or
unsafe use or storage may lead to serious injuries.
Portable devices dominated the oxygen cylinders and concentrators market in 2016.
The compact nature and light weight of these devices provides increased mobility
and ease of use. However, comparatively higher costs of these devices hampers
adoption to some extent.
Pharmaceutical and biotechnology is slated to grow at a rapid pace over the forecast
period. Oxygen is critical for cell growth applications and is routinely used in
fermenters and bioreactors. Furthermore, enrichment with the gas can enhance
bioreactor performance and capacity.
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Germany Homecare Oxygen Concentrators Market size, by product,
2012-2023 (USD Million)
Browse key industry insights spread across 150 pages with 60 market data tables &
12 figures & charts from this 2017 report Oxygen Cylinders and Concentrators
Market in detail along with the table of contents at:
https://www.gminsights.com/industry-analysis/oxygen-cylinders-and-concentratorsmarket
U.S. oxygen cylinder and concentrators market held significant industry share.
Increasing proportion of elderly population along with increased occurrence of
respiratory disorders should drive industry growth. As per American Lung
Association, COPD is the third leading cause of death in the country. Presence of a
well-established industrial infrastructure in the country will further stimulate demand.
China oxygen cylinder and concentrators market is slated to witness robust growth
over the forecast period. The economic boom and drastic rise in GDP has resulted in
a surge in motorized vehicles as more number of individuals are now capable of
buying them. Moreover, the increased production output from steel and cement
industries and burning of coal in factories has worsened the quality of air and has
given rise to the problem of smog. Exposure to the increasing pollution and dust has
escalated incidence of various respiratory disorders in the region which will fuel
industry growth.
Prominent industry participants include Inogen, Tecno Gaz, Koninklijke Philips N.V.,
Cramer Decker, Air Liquide, Chart Industries, HERSILL, Catalina Cylinders, MeBer,
and Invacare. The industry players resort to various strategies such as partnerships,
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developing new products and acquisitions for broadening their product portfolio and
strengthening industry presence.
Segmentation of Oxygen Cylinders and Concentrators Market:
Oxygen cylinders and concentrators market research report includes in-depth
coverage of the industry with estimates & forecast in terms of revenue in USD million
from 2013 to 2024, for the following segments:
Oxygen Cylinders and Concentrators Market by Product
• Portable
• Fixed
Oxygen Cylinders and Concentrators Market by Application
• Healthcare
• Pharmaceutical & Biotechnology
• Manufacturing
• Aerospace & Automotive
• Others
The above information is provided for the following regions/countries:
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o South Africa
o Saudi Arabia
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