Medical oxygen cylinders are stored in tempered steel containers that are used to keep oxygen at high pressure. Oxygen cylinders have wide application in medical or diagnostic purposes. It contains oxygen at high pressure or liquid form and is used at times of medical emergency. It is available in various sizes based on the usage. The oxygen must be in the purest form to the medical devices and the formation of the cylinders is the important step. This is non-reactive compressed O2 which is widely applicable for medical, therapeutic or diagnostic purposes. 

MARKET DYNAMICS- MEDICAL OXYGEN GAS CYLINDERS MARKET

The medical oxygen gas cylinders market has been seeing tremendous growth from the past few decades. The primary growth factors behind the market growth are rise in chronic medical illnesses and rising prevalence of COVID-19 cases across the globe. Likewise, optimal medical infrastructure utilization will boosts the market growth. As this medical oxygen gas also used in anesthesia and various surgical procedures will increases demand for oxygen gas cylinders in upcoming years. Nevertheless, stringent regulatory procedures and high costs of oxygen cylinders are the major restraining factor that could hamper the growth of the market.

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COVID-19 IMPACT ON MEDICAL OXYGEN GAS CYLINDERS MARKET

The COVID 19 is severe acute respiratory syndrome that causes an infection to respiratory system and low oxygen saturation so demand for medical oxygen gas cylinder has increased. This pandemic has resulted in escalation of patients to emergency healthcare departments so this will impact the market in coming years. Due to rise in chronic diseases among all populations there will be increasing demand for oxygen gas cylinders which is the driving factor for market in the appraisement period. Hence, COVID 19 has positively affected the market growth.

MEDICAL OXYGEN GAS CYLINDERS MARKET SEGMENTAL OVERVIEW

The study analyses global Medical Oxygen Gas Cylinders market based on technology, product, end users and geography.

MEDICAL OXYGEN GAS CYLINDERS MARKET BY TECHNOLOGY

Based on the various technologies the medical oxygen gas cylinders market is segmented into Plus Flow and Continuous Flow. The continuous flow segment dominated the global market in 2020 and expected to maintain its dominance in forecast period. The factors responsible for the market growth are rising prevalence of chronic diseases like cardiovascular diseases, respiratory diseases, and gastrointestinal disorders.

MEDICAL OXYGEN GAS CYLINDERS MARKET BY PRODUCT

The various products involve in medical oxygen gas cylinders market is classified into portable and fixed. The fixed segment accounted for the largest market share in 2020. The fixed medical oxygen gas cylinder are majorly used during surgical procedures in hospitals. Also demand for fixed oxygen gas cylinders has increased due to increasing cases of COVID-19.

MEDICAL OXYGEN GAS CYLINDERS MARKET BY END USERS

Based on the end users the medical oxygen gas cylinders market is bifurcated into hospitals, home healthcare and others. The hospital segment dominated the market in 2020, and is anticipated to continue this trend during the forecast period owing to, technological advancements using portable oxygen cylinders for home care settings create huge opportunities for the market. As well as rise in chronic cases causes increasing trends towards use of oxygen gas cylinders will boosts growth of the market.

MEDICAL OXYGEN GAS CYLINDERS MARKET BY GEOGRAPHY

Geographically the global medical oxygen gas cylinders market is categorized in the following region North America, Europe, Asia-Pacific and Rest of the world. North America accounted for the largest share of the medical oxygen gas cylinders market in 2020 followed by Europe, Asia Pacific, Latin America and Middle East Africa. In North America there is presence of highly developed healthcare systems, increase in prevalence of COVID-19 cases and surge in geriatric population in this region are responsible for the largest share of this market segment.

MEDICAL OXYGEN GAS CYLINDERS MARKET KEY PLAYERS

The major market key players include Koninklijke Philips N.V (Netherlands), Invacare Corporation (United States), Nidek Medical Products, Inc. (United States), Inogen, Inc (United States), Messe Düsseldorf GmbH (Germany), ResMed (United States), DeVilbiss Healthcare LLC (United States0, Airgas Inc (United States), Messer Group GmbH (Germany), OrientMEd International. (Dubai), TECNO-GAZ SpA (Italy), Allied Healthcare Products Inc (United States), Praxair Inc (United States), ROYAX (India), AirGenics Inc (United States), Air Products Inc (United States), Luxfer Gas Cylinders (United States), Cramer Decker Medical (United States)and Catalina Cylinders (United States).

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