Analysts’ Viewpoint
Increase in global geriatric population, rise in prevalence of chronic respiratory diseases, and growth in number of emergency departments and hospitals across the globe are some of the major market drivers. Additionally, the ongoing COVID-19 pandemic has also led to a significant increase in the demand for medical oxygen, which is expected to continue in the next few years. This factor is also contributing to market expansion.
Leading players in the global market for medical oxygen cylinders are increasing their production capacity and expanding their distribution networks to cater to the needs of customers. Moreover, the medical oxygen cylinders market size is anticipated to increase during the forecast period, owing to the rise in awareness about the emergency need for medical oxygen tanks and increase in government initiatives to improve healthcare facilities.
The medical oxygen cylinders business refers to the industry that produces and supplies pressurized oxygen tanks and other related equipment for medical use. These oxygen cylinders are used in hospitals, clinics, and emergency settings to provide oxygen therapy to patients with respiratory conditions such as COPD, asthma, and pneumonia. Medical oxygen cylinders are available in different sizes, from small portable cylinders to large ones. They are typically made of aluminum or steel and are equipped with valves that can be adjusted to control the flow of oxygen.
Several advanced-featured medical oxygen cylinders available in the market including portable oxygen tanks, which are lightweight, user-friendly, durable, have compact designs, and intelligent monitoring features. Other features of medical oxygen tanks include advanced valves, enhanced safety features, and corrosion resistance.
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People with respiratory diseases often require continuous oxygen therapy, which can only be provided with medical oxygen cylinders. Rise in prevalence of chronic obstructive pulmonary disease (COPD), asthma, and other respiratory diseases is driving the demand for efficient and safe medical oxygen cylinders. This is expected to increase the medical oxygen cylinders market value in the near future.
Increase in incidence of respiratory diseases as well as lung cancer is likely to fuel the demand for oxygen therapy. This can lead to a greater demand for medical oxygen cylinders, as more patients require higher concentrations of oxygen for longer periods.
The COVID-19 pandemic has led to a significant increase in demand for medical oxygen, as several infected people used oxygen therapy to improve their breathing capacity. The pandemic is subsiding; however, awareness about the emergency need for medical oxygen cylinders is rising across the globe. It has highlighted the importance of emergency medical preparedness, especially the availability and accessibility of medical oxygen, oxygen tank refilling, and portable oxygen tanks for breathing, in the event of another outbreak or pandemic.
This increased awareness is likely to fuel the demand for medical oxygen cylinders in the future, as healthcare facilities and hospitals seek to maintain an adequate supply of oxygen to meet potential demand. Furthermore, the use of oxygen in non-invasive ventilation (NIV) has become more frequent, which is another factor contributing to the medical oxygen cylinders market revenue. Governments in various countries, most notably India and the U.S., have been actively recalibrating production, distribution, and storage norms and have implemented policies to bridge the supply-demand gap of medical oxygen cylinders post the peak of the COVID-19 pandemic.
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According to the global medical oxygen cylinders market analysis report, based on product type, the global market has been divided into cylinders and accessories. The cylinders segment has been further divided into portable and fixed. The cylinders segment accounted for the largest market share of the global market in 2021.
Cylinders are a highly popular choice for storage and transportation of medical oxygen because they are relatively inexpensive, easy to handle, and can be refilled or replaced as needed. Additionally, cylinders are durable and can withstand the pressure and wear & tear associated with regular use. They are also widely available and can be easily transported, making them a convenient option for patients and healthcare providers.
Furthermore, several users of medical oxygen prefer cylinders over other accessories because they can be used in various settings, both in and out of the home. This factor is positively impacting the medical oxygen cylinders market share, creating lucrative opportunities for manufacturers.
Based on end-user, the global market segmentation comprises hospitals, home healthcare, and others. The hospitals segment held major share of the global market in 2021.
Hospitals across the globe require large amounts of oxygen stored in operating rooms as well as in intensive care units. Additionally, hospitals typically have the infrastructure and personnel in place to safely store and distribute large quantities of oxygen. Therefore, the hospitals segment is anticipated to account for major share of the global market during the forecast period.
North America is projected to dominate the global business during the forecast period, owing to the well-established healthcare infrastructure in the region. Additionally, increase in geriatric population along with rise in prevalence of chronic respiratory diseases in the region is expected to drive the medical oxygen cylinders market demand in the near future.
Increase in geriatric population in Europe is one of the major factors driving the demand for medical oxygen systems, as these people are more susceptible to respiratory diseases such as COPD and pneumonia. Furthermore, rise in awareness about the importance of home healthcare along with the convenience of having medical oxygen cylinders at home is anticipated to increase the medical oxygen cylinders market opportunities during the forecast period, in Europe.
Rise in number of hospitals and healthcare facilities in Asia Pacific is contributing to the medical oxygen cylinder market development in the region. Several governments in the region are also taking initiatives to increase access to oxygen therapy for home-based patients, which further supports the medical oxygen cylinders market growth. Surge in demand for oxygen therapy treatments in rural areas, increase in investment in healthcare sector, and lucrative presence of market players in the region are some of the factors that are expected to drive the market in the near future.
The global industry is fragmented, with the presence of a large number of leading companies controlling majority of the share. Air Liquide Healthcare, Koninklijke Philips N.V., Invacare Corporation, Linde plc, Nidek Medical Products, Inc., CAIRE Inc., Inogen, Inc., OxyGo, and Drive DeVilbiss Healthcare, Inc. are some of the prominent players operating in the global market.
Key players have been profiled in the global medical oxygen cylinders market forecast report based on parameters such as company overview, financial overview, product portfolio, business strategies, business segments, and recent developments.
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Attribute |
Detail |
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Size in 2021 |
US$ 2.7 Bn |
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Forecast Value in 2031 |
More than US$ 4.2 Bn |
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CAGR - 2022–2031 |
3.8% |
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Forecast Period |
2022–2031 |
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Historical Data Available for |
2017–2021 |
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Quantitative Units |
US$ Bn for Value |
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Market Analysis |
It includes segment analysis as well as regional level analysis. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
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Competition Landscape |
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|
Format |
Electronic (PDF) + Excel |
|
Segmentation |
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|
.Regions Covered |
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Countries Covered |
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Companies Profiled |
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The global market was valued at US$ 2.7 Bn in 2021
It is projected to reach a value of more than US$ 4.2 Bn by 2031
It is anticipated to be 3.8% from 2022 to 2031
The cylinder product type segment held more than 70.0% share in 2021
North America is expected to account for major share during the forecast period
Air Liquide Healthcare, Koninklijke Philips N.V., Invacare Corporation, Linde plc, Nidek Medical Products, Inc., CAIRE Inc., Inogen, Inc., OxyGo, and Drive DeVilbiss Healthcare, Inc.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Medical Oxygen Cylinders Market
4. Market Overview
4.1. Introduction
4.1.1. Segment Definition
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Medical Oxygen Cylinders Market Analysis and Forecasts, 2017 - 2031
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Technological Advancements
5.2. Disease Prevalence & Incidence Rate
5.3. Covid-19 Impact Analysis
6. Global Medical Oxygen Cylinders Market Analysis and Forecast, by Product Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Product Type, 2017 - 2031
6.3.1. Cylinders
6.3.1.1. Portable
6.3.1.2. Fixed
6.3.2. Accessories
6.4. Market Attractiveness, by Product Type
7. Global Medical Oxygen Cylinders Market Analysis and Forecast, by End-user
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by End-user, 2017 - 2031
7.3.1. Hospital
7.3.2. Home Healthcare
7.3.3. Others
7.4. Market Attractiveness, by End-user
8. Global Medical Oxygen Cylinders Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness, by Country/Region
9. North America Medical Oxygen Cylinders Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Product Type, 2017 - 2031
9.2.1. Cylinders
9.2.1.1. Portable
9.2.1.2. Fixed
9.2.2. Accessories
9.3. Market Value Forecast, by End-user, 2017 - 2031
9.3.1. Hospital
9.3.2. Home Healthcare
9.3.3. Others
9.4. Market Value Forecast, by Country, 2017 - 2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Product Type
9.5.2. By End-user
9.5.3. By Country
10. Europe Medical Oxygen Cylinders Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Product Type, 2017 - 2031
10.2.1. Cylinders
10.2.1.1. Portable
10.2.1.2. Fixed
10.2.2. Accessories
10.3. Market Value Forecast, by End-user, 2017 - 2031
10.3.1. Hospital
10.3.2. Home Healthcare
10.3.3. Others
10.4. Market Value Forecast, by Country/Sub-region, 2017 - 2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Product Type
10.5.2. By End-user
10.5.3. By Country/Sub-region
11. Asia Pacific Medical Oxygen Cylinders Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Product Type, 2017 - 2031
11.2.1. Cylinders
11.2.1.1. Portable
11.2.1.2. Fixed
11.2.2. Accessories
11.3. Market Value Forecast, by End-user, 2017 - 2031
11.3.1. Hospital
11.3.2. Home Healthcare
11.3.3. Others
11.4. Market Value Forecast, by Country, 2017 - 2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Product Type
11.5.2. By End-user
11.5.3. By Country/Sub-region
12. Latin America Medical Oxygen Cylinders Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Product Type, 2017 - 2031
12.2.1. Cylinders
12.2.1.1. Portable
12.2.1.2. Fixed
12.2.2. Accessories
12.3. Market Value Forecast, by End-user, 2017 - 2031
12.3.1. Hospital
12.3.2. Home Healthcare
12.3.3. Others
12.4. Market Value Forecast, by Country/Sub-region, 2017 - 2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Product Type
12.5.2. By End-user
12.5.3. By Country/Sub-region
13. Middle East & Africa Medical Oxygen Cylinders Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Product Type, 2017 - 2031
13.2.1. Cylinders
13.2.1.1. Portable
13.2.1.2. Fixed
13.2.2. Accessories
13.3. Market Value Forecast, by End-user, 2017 - 2031
13.3.1. Hospital
13.3.2. Home Healthcare
13.3.3. Others
13.4. Market Value Forecast, by Country/Sub-region, 2017 - 2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & South Africa
13.5. Market Attractiveness Analysis
13.5.1. By Product Type
13.5.2. By End-user
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player – Competition Matrix (By Tier and Size of companies)
14.2. Market Share Analysis By Company (2021)
14.3. Company Profiles
14.3.1. Air Liquide Healthcare
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Business Strategies
14.3.1.5. Recent Developments
14.3.2. Koninklijke Philips N.V
14.3.2.1. Company Overview
14.3.2.2. Financial Overview
14.3.2.3. Product Portfolio
14.3.2.4. Business Strategies
14.3.2.5. Recent Developments
14.3.3. Invacare Corporation
14.3.3.1. Company Overview
14.3.3.2. Financial Overview
14.3.3.3. Product Portfolio
14.3.3.4. Business Strategies
14.3.3.5. Recent Developments
14.3.4. Linde plc
14.3.4.1. Company Overview
14.3.4.2. Financial Overview
14.3.4.3. Product Portfolio
14.3.4.4. Business Strategies
14.3.4.5. Recent Developments
14.3.5. Nidek Medical Products, Inc.
14.3.5.1. Company Overview
14.3.5.2. Financial Overview
14.3.5.3. Product Portfolio
14.3.5.4. Business Strategies
14.3.5.5. Recent Developments
14.3.6. CAIRE Inc.
14.3.6.1. Company Overview
14.3.6.2. Financial Overview
14.3.6.3. Product Portfolio
14.3.6.4. Business Strategies
14.3.6.5. Recent Developments
14.3.7. Inogen, Inc.
14.3.7.1. Company Overview
14.3.7.2. Financial Overview
14.3.7.3. Product Portfolio
14.3.7.4. Business Strategies
14.3.7.5. Recent Developments
14.3.8. OxyGo
14.3.8.1. Company Overview
14.3.8.2. Financial Overview
14.3.8.3. Product Portfolio
14.3.8.4. Business Strategies
14.3.8.5. Recent Developments
14.3.9. Drive DeVilbiss Healthcare, Inc.
14.3.9.1. Company Overview
14.3.9.2. Financial Overview
14.3.9.3. Product Portfolio
14.3.9.4. Business Strategies
14.3.9.5. Recent Developments
14.3.10. Other Prominent Players
List of Tables
Table 01: Global Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 02: Global Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 03: Global Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Region, 2017–2031
Table 04: North America Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Country, 2017–2031
Table 05: North America Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 06: North America Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 07: Europe Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Country/Sub-Region, 2017–2031
Table 08: Europe Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 09: Europe Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 10: Asia Pacific Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 11: Asia Pacific Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 12: Asia Pacific Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 13: Latin America Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 14: Latin America Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 15: Latin America Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 16: Middle East & Africa Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 17: Middle East & Africa Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 18: Middle East & Africa Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, by End-user, 2017–2031
List of Figures
Figure 01: Global Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, 2017–2031
Figure 02: Medical Oxygen Cylinders Market Value Share, by Product Type, 2021
Figure 03: Medical Oxygen Cylinders Market Value Share, by End-user, 2021
Figure 04: Medical Oxygen Cylinders Market Value Share, by Region, 2021
Figure 05: Global Medical Oxygen Cylinders Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 06: Global Medical Oxygen Cylinders Market Attractiveness Analysis, by Product Type, 2022–2031
Figure 07: Global Medical Oxygen Cylinders Market Value (US$ Mn), by Cylinders, 2017‒2031
Figure 08: Global Medical Oxygen Cylinders Market Value (US$ Mn), by Portable, 2017‒2031
Figure 09: Global Medical Oxygen Cylinders Market Value (US$ Mn), by Fixed, 2017‒2031
Figure 10: Global Medical Oxygen Cylinders Market Value (US$ Mn), by Accessories, 2017‒2031
Figure 11: Global Medical Oxygen Cylinders Market Value Share Analysis, by End-user 2021 and 2031
Figure 12: Global Medical Oxygen Cylinders Market Attractiveness Analysis, by End-user 2022–2031
Figure 13: Global Medical Oxygen Cylinders Market Revenue (US$ Mn), by Hospitals, 2017–2031
Figure 14: Global Medical Oxygen Cylinders Market Revenue (US$ Mn), by Home Healthcare, 2017–2031
Figure 15: Global Medical Oxygen Cylinders Market Revenue (US$ Mn), by Others, 2017–2031
Figure 16: Global Medical Oxygen Cylinders Market Value Share Analysis, by Region, 2021 and 2031
Figure 17: Global Medical Oxygen Cylinders Market Attractiveness Analysis, by Region, 2022–2031
Figure 18: North America Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, 2017–2031
Figure 19: North America Medical Oxygen Cylinders Market Value Share Analysis, by Country, 2021 and 2031
Figure 20: North America Medical Oxygen Cylinders Market Attractiveness Analysis, by Country, 2022–2031
Figure 21: North America Medical Oxygen Cylinders Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 22: North America Medical Oxygen Cylinders Market Attractiveness Analysis, by Product Type 2022–2031
Figure 23: North America Medical Oxygen Cylinders Market Value Share Analysis, by End-user, 2021 and 2031
Figure 24: North America Medical Oxygen Cylinders Market Attractiveness Analysis, by End-user, 2022–2031
Figure 25: Europe Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, 2017–2031
Figure 26: Europe Medical Oxygen Cylinders Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 27: Europe Medical Oxygen Cylinders Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 28: Europe Medical Oxygen Cylinders Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 29: Europe Medical Oxygen Cylinders Market Attractiveness Analysis, by Product Type, 2022–2031
Figure 30: Europe Medical Oxygen Cylinders Market Value Share Analysis, by End-user, 2021 and 2031
Figure 31: Europe Medical Oxygen Cylinders Market Attractiveness Analysis, by End-user, 2022–2031
Figure 32: Asia Pacific Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, 2017–2031
Figure 33: Asia Pacific Medical Oxygen Cylinders Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 34: Asia Pacific Medical Oxygen Cylinders Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 35: Asia Pacific Medical Oxygen Cylinders Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 36: Asia Pacific Medical Oxygen Cylinders Market Attractiveness Analysis, by Product Type, 2022–2031
Figure 37: Asia Pacific Medical Oxygen Cylinders Market Value Share Analysis, by End-user, 2021 and 2031
Figure 38: Asia Pacific Medical Oxygen Cylinders Market Attractiveness Analysis, by End-user, 2022–2031
Figure 39: Latin America Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, 2017–2031
Figure 40: Latin America Medical Oxygen Cylinders Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 41: Latin America Medical Oxygen Cylinders Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 42: Latin America Medical Oxygen Cylinders Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 43: Latin America Medical Oxygen Cylinders Market Attractiveness Analysis, by Product Type, 2022–2031
Figure 44: Latin America Medical Oxygen Cylinders Market Value Share Analysis, by End-user, 2021 and 2031
Figure 45: Latin America Medical Oxygen Cylinders Market Attractiveness Analysis, by End-user, 2022–2031
Figure 46: Middle East & Africa Medical Oxygen Cylinders Market Value (US$ Mn) Forecast, 2017–2031
Figure 47: Middle East & Africa Medical Oxygen Cylinders Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 48: Middle East & Africa Medical Oxygen Cylinders Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 49: Middle East & Africa Medical Oxygen Cylinders Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 50: Middle East & Africa Medical Oxygen Cylinders Market Attractiveness Analysis, by Product Type, 2022–2031
Figure 51: Middle East & Africa Medical Oxygen Cylinders Market Value Share Analysis, by End-user, 2021 and 2031
Figure 52: Middle East & Africa Medical Oxygen Cylinders Market Attractiveness Analysis, by End-user, 2022–2031
Figure 53: Company Share Analysis
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Medical Oxygen Cylinders Market
*86 figures and 60 tables includes