Medical Gas Oxygen Cylinder Market

Industry Insights-

• The Global Medical Gas Oxygen Cylinder Market was valued at USD 15.41 Billion in 2020
• It is anticipated to reach USD 23.64 Billion by 2027
• A CAGR of 6.3% is anticipated over the forecast period

Overview-

Medical oxygen gas cylinders are regularly needed by medical care staff for therapy and diagnostic purposes. Medical oxygen gas systems, for example, oxygen concentrators and compressed oxygen gas cylinders are significantly utilized in homecare settings, and are generally preferred by old patients who experience issues in mobility, and rely upon a reliable oxygen supply.

Some basic chronic medical conditions like chronic obstructive pulmonary diseases (COPD), emphysema, chronic bronchitis, a typical long-term impact of smoking require oxygen treatment or supplemental oxygen to get the enough oxygen. Different kinds of oxygen systems are utilized to conveyed the controlled measure of oxygen to the patients. Medical oxygen gas is high purity oxygen that is utilized for clinical treatments and is produced for use in the human body. Medical oxygen gas cylinders contain a high purity of oxygen gas; no different sorts of gases are permitted in the cylinder to prevent infections.

Covid-19 Impact-

Covid-19 has positively impacted the growth of global medical gas oxygen cylinder market. During Covid-19 pandemic, the rising number of COVID-19 cases has essentially accelerated the demand for medical oxygen gas cylinders for intensive care. The requirement for oxygen has expanded to 1.1 million cylinders in low to center pay countries alone due to increasing number of COVID-19 patients. Number of countries are embraced pre-emptive measures to guarantee a satisfactory supply of oxygen to treat COVID-19 patients. For example; in March 2020, Tenaris' Dalmine consistent plant in Italy announced that it requested 4,300 clinical evaluation oxygen gas cylinders as the Lombardy area of the nation was seriously influenced by the effect of COVID-19. These elements are positively impacting the development of the global medical oxygen gas cylinder market.

Key Players-

Some of the key players for global Medical Gas Oxygen Cylinder Market are -

• Nidek Medical Products Inc.
• Catalina Cylinders
• Inogen Inc.
• Airgas Inc
• Messe Düsseldorf GmbH
• ROYAX
• Cramer Decker Medical
• AirGenics Inc
• Bright Medi- Weld Appliances
• Invacare Corporation
• DeVilbiss Healthcare LLC
• Messer Group GmbH
• Praxair Inc.
• Air Products Inc
• Luxfer Gas Cylinders
• OrientMEd International
• AirGenics Inc
• TECNO-GAZ SpA
• Indiana Oxygen Company
• Middlesex Gases & Technologies Inc.
• others

Segmentation Analysis-

By Product:

• Portable Oxygen Concentrator and cylinders
• Stationary Oxygen Concentrator and cylinders
• Oxygen Concentrator and cylinders

The fixed medical oxygen cylinders segment held a strong market share due to the surge in demand for medical oxygen cylinders during the pandemic, as well as the growing geriatric population requiring at-home care. According to UN data, there were 703 million people aged over 65 in 2019, with 14% of them suffering from COPD. Portable medical oxygen cylinders were in high demand as people opted for at-home treatments in the face of limited hospital capacities.

The growing trend of home healthcare has further augmented the demand for portable medical oxygen cylinders, as the demand for home-based oxygen therapy is on the rise. Additionally, the growing geriatric population and the rising number of respiratory diseases are expected to drive the growth of the portable medical oxygen cylinder segment. The market is anticipated to witness an increase in the demand for portable medical oxygen cylinders due to the rising prevalence of respiratory diseases, coupled with the increasing trend of home healthcare.

By Application:

• Operating Room
• Emergency Room
• Respiratory Department
• Household

The non-home care segment of the market was heavily dominated due to the high demand for oxygen supplementation during the pandemic. With the increasing number of hospitalized patients, hospitals and clinics had to increase their medical oxygen capacities to meet the growing demand. This, in turn, contributed to the growth of this segment.

The at-home care segment of the medical oxygen cylinders market is expected to witness a considerable over the forecast period. The growth of this segment is mainly attributed to the fear of contracting additional infections in hospitals due to the COVID-19 pandemic and limited hospitalization capacity. In addition, people suffering from chronic respiratory diseases (CRDs) requiring constant oxygen supplementation are opting for home care systems in order to avoid hospitalizations. This has resulted in an increased demand for medical oxygen cylinders for home care applications. Furthermore, the rising prevalence of chronic diseases such as COPD, asthma, and cystic fibrosis is expected to drive the growth of the at-home care segment during the forecast period.

By End-user:

• Home-care
• Non Home-care

By Size:

• 10L
• 40L
• 50L
• 100L

By Cylinder Type:

• Fixed
• Portable

By Technology:

• Continuous Flow
• Pulse Flow

The continuous flow segment has been dominating the market, thanks to its usefulness in providing constant support to patients. The technology saw a surge in demand during the pandemic, further driving its growth. Moreover, the increasing prevalence of COPD has been a major factor in boosting the demand for continuous flow technology. Additionally, the rising number of geriatrics and immobility patients who are unable to be active has been another factor contributing to the segment's growth.

The pulse flow segment is expected to experience the fastest growth, due to its effectiveness in treating chronic respiratory diseases and its popularity among physically active patients. Rising demand from active users has been a major driver of growth in this sub-segment.

By Region:

• North America

  • U.S.
  • Canada

• Europe

  • U.K.
  • France
  • Germany
  • Italy

• Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

• Latin America

  • Brazil
  • Mexico

• Middle East and Africa

  • GCC
  • Africa
  • Rest of Middle East and Africa

North America is expected to dominate the global medical gas oxygen cylinder market owing to the increasing COVID-19 cases, rising prevalence of chronic diseases and shift of population with breathing issues in this region. For example; as per World Health Organization (WHO), about 251 million individuals created chronic obstructive pulmonary diseases (COPD) in 2016. North America is required to observe worthwhile development in the worldwide clinical oxygen framework market, attributable to presence of key manufacturer’s for medical oxygen gas systems and rising product launches in this region. For example; the manufacturers like Imogen, Invacare Corporation, CAIRE, Inc., and O2 Concepts, LLC, that offer creative oxygen concentrators, have high presence in the U.S. market.

In Asia Pacific, the medical oxygen gas cylinder market is expected to display the fastest growth during the forecast period. In India, medical oxygen gas market is projected to grow predominantly on account of rising cases of fatal and chronic diseases, government initiatives of raising funds, and spread of COVID-19 pandemic in this region.

Market Drivers-

Increasing product offerings for medical oxygen system for homecare settings and hospitals as well as rising number of the FDA approvals for medical gas equipment

The major factors driving the growth of global medical gas oxygen cylinder market are increasing product launches for medical oxygen system for homecare settings and hospitals. The huge number of the hospitals and healthcare organizations are introducing centralized oxygen systems in medical clinics, to guarantee the huge measure of supply to the patients. Also, homecare setting segments is likewise contributing significantly to development of the market, attributable to launch of portable oxygen systems in the market.

For example; in October 2017, Invacare Corporation launched the Invacare Platinum Mobile Oxygen Concentrator with new availability. Additionally, in January 2016, GCE Healthcare launched Zen-O portable oxygen concentrator (POC). It is lightweight oxygen treatment device that weighs 4.66kg (10lbs) and simple to carry around. In addition, increasing number of FDA approvals for medical gas equipment is also fostering the market growth.

The Food and Drug Administration (FDA) is proposing to change its current good manufacturing practice (CGMP) guidelines to incorporate new requirements for the color, label, design and dedication of medical oxygen gas compartments and closures. These necessities are proposed to make the substance of medical oxygen gas cylinders more promptly recognizable, reduce the probability that containers of industrial or different gases would be improperly associated with medical oxygen supply systems, and reduce the threat of pollution of medical gases.

Growing prevalence of chronic diseases and increasing covid-19 cases

rising prevalence of Covid-19 cases worldwide and growing cases of chronic diseases are also supplementing the market growth. Optimal medical infrastructure utilization became a high priority for Governments worldwide during the COVID-19 pandemic. Special attention is drawn to both the import and local manufacture of medical oxygen gas to ensure its uninterrupted supply to designated COVID-hospitals identified by the local administration.

For example; as per Worldometer; As of April 27th, 2021; there are 19,172,322 active cases of Covid-19 globally. Oxygen gas cylinders are required for the increasing demand from medical clinics, home care settings and many others. Medical oxygen gas cylinders are available in various sizes relying on the requirement. In Hospitals, oxygen gas treatment is executed on the patients for the therapy of chronic health issue to improve energy levels, rest and a superior quality life of patients.

Oxygen is generally utilized in medical clinics for the therapy of various intense and chronic diseases. Theses clinical oxygen chambers are generally utilized in the ambulance to manage emergency circumstances. The medical oxygen gas cylinders have huge need for the patients facing different infections like asthma, disease, etc.

Market Opportunities-

Daily and increased exposure to pollutants and hence increased product demand to create opportunities

Long-term contact with particle air pollution has been linked to a range of negative health outcomes, such as higher death and morbidity rates, more severe progression and development of COPD in developing regions than in developed areas, and a rise in the number of people affected by asthma. Data published by the Global Asthma Report estimates that 339 million people were affected by asthma in 2018, and the Centers for Disease Control and Prevention predicts that over 26 million Americans will have asthma by 2020. This number is projected to rise by 10% over the next two decades. Additionally, sources of air pollution, such as businesses and homes, and hereditary factors are likely to drive market growth of asthma and other respiratory diseases.

Recent Developments-

• On October 16th, 2020; Luxfer Gas Cylinders launched its first Non-Limited Life (NLL) medical cylinders to support the healthcare industry. Coronavirus prompts the advancement of new innovations to assist in oxygen treatment for the large numbers with respiratory-related disease. The new cylinder from Luxfer used to help patients influenced by conditions that make breathing difficult, including COVID 19. Additionally Chronic Obstructive Pulmonary Disease (COPD), which influences 65 million individuals universally and results in more than 3 million deaths worldwide every year. The new Luxfer 1.0 liter NLL carbon composite clinical cylinder is its first item offering with a life expectancy past the common 15-year and 20-year oxygen cylinder contributions accessible today. Currently, the product is bound for medical organizations and it will go under the control of medical services experts who can help patients who need oxygen treatment progressing.

Report Analysis	Details
Historical data	2016 - 2021
Forecast Period	2022 - 2029
Market Size in 2020:	USD 15.41 Billion
Base year considered	2021
Forecast Period CAGR %:	6.30 %
Market Size Expected in 2027:	USD 23.64 Billion
Tables, Charts & Figures:	175
Pages	200
Medical Gas Oxygen Cylinder Companies	Nidek Medical Products, Inc., Catalina Cylinders,  Inogen, Inc., Airgas Inc, Messe Düsseldorf GmbH, ROYAX, Cramer Decker Medical, AirGenics Inc, Bright Medi- Weld Appliances, Invacare Corporation, DeVilbiss Healthcare LLC, Messer Group GmbH, Praxair Inc., Air Products Inc, Luxfer Gas Cylinders, OrientMEd International, AirGenics Inc, TECNO-GAZ SpA, Indiana Oxygen Company, Middlesex Gases & Technologies Inc., others.
Segments Covered	By Cylinder Type, By Application, By Product, By Technology, By End-user, By Size
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa