Medical Oxygen System Market to Expand at a Healthy CAGR of 7.4%; By 2026 With Global Industry Size, Growth, Emerging Trend, Share, Opportunities, Business Overview, Competitive Landscape and Regional Forecast
Medical Oxygen System Market to Expand at a Healthy CAGR of 7.4%; By 2026 With Global Industry Size, Growth, Emerging Trend, Share, Opportunities, Business Overview, Competitive Landscape and Regional Forecast
Published by Coherent Market Insights
Posted on September 14, 2021
CMI published a business research report on “Medical Oxygen System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2026”. Medical Oxygen System with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
Medical Oxygen System Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Medical Oxygen System Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.
Global Medical Oxygen System Market Insights
Medical oxygen systems such as oxygen concentrators and compressed oxygen cylinder are mainly used in homecare settings, and are preferred by geriatric patients, who have difficulty in mobility, and depend on a reliable oxygen supply. Common chronic medical conditions such as chronic obstructive pulmonary disease (COPD), chronic bronchitis, emphysema, a common long-term effect of smoking requires oxygen therapy or supplemental oxygen, in order to get enough oxygen. Various type of oxygen systems are used to deliver controlled amount of oxygen to the patients.
Among end user, homecare settings segment in the global medical oxygen system market is expected to witness significant growth over the forecast period, owing to rising prevalence of chronic obstructive pulmonary diseases (COPD) among the geriatric population. For instance, according to the World Health Organization (WHO), in 2016, 251 million people around the globe suffered from COPD.
The global medical oxygen system market is estimated to be valued at US$ 2,459.8 million in 2018, and is expected to exhibit a CAGR of 7.4% during the forecast period (2018-2026).
Increasing product launches for medical oxygen system for homecare settings and hospitals is expected to drive growth of the global medical oxygen system market
Most of the hospitals and healthcare organizations install centralized oxygen systems in hospitals, in order to ensure large amount of supply to the patients. Homecare setting segment is also contributing majorly to growth of the market, owing to launches of portable oxygen systems in the market. For instance, in January 2016, GCE Healthcare launched Zen-O portable oxygen concentrator (POC). It is lightweight oxygen therapy device that weighs 4.66kg (10lbs) and easy to carry around. Moreover, in October 2017, Invacare Corporation launched the Invacare Platinum Mobile Oxygen Concentrator with new connectivity. The Platinum Mobile Oxygen Concentrator was combined with the Piccolo O? App to improve convenience during routine use.
Moreover, increasing approvals from the regulatory authorities for oxygen therapies is expected to increase the demand for medical oxygen systems, which is expected to drive the market growth. For instance, in April 2019, TherOx received the U.S. FDA approval for its supersaturated oxygen therapy. The new approach is intended for the treatment of damaged heart tissue with hyperbaric levels of oxygen during a single catheter-delivered infusion, consistently and safely reducing infarct size.
Reasons to Purchase this Report
Current and future of global Medical Oxygen System market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Global Medical Oxygen System Market- Regional Analysis
Regional segmentation of the global medical oxygen systems market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to witness signficant growth in the global medical oxygen system market, owing to presence of leading manufactures for medical oxygen systems and increasing product launches these players in this region. Leading manufacturers such as Imogen, Invacare Corporation, CAIRE, Inc., and O2 Concepts, LLC, that offer innovative oxygen concentrators, have high presence in the U.S. market. Furthermore, key players in the market are focusing on launching new products. For instance, in April 2019, Imogen, Inc. INGN launched its Imogen One G5 in the U.S. market
Moreover, oxygen system providers are engaged in expansion of their oxygen filling plants in Asia Pacific region, which is contributing to Asia Pacific medical oxygen system market growth. For instance, in February 2019, Kitajima Sanso, a distributor of medical gas, built medical oxygen filling plant in Myanmar. The new plant is equipped with two cryogenic gas storage tanks of 20 and 10 tons.
Europe is expected to account for the largest market share, owing to rising initiatives by key players in development of medical oxygen systems for various purposes. Increasing initiatives by regional key players and emergency medical service providers is expected to aid in growth of Europe medical oxygen system market. For instance, in June 2017, Medical Gas Solutions (MGS) was awarded with a contract to supply vital medical gases, including oxygen (O2) and analgesic gases to over one thousand emergency vehicles included in the North West Ambulance Service (NWAS) NHS Trust, across the North West of the U.K.
Global Medical Oxygen System Market – Competitive Landscape
Key players operating in the global medical oxygen system market include Koninklijke Philips N.V, Inogen, Inc., BOC Healthcare, Precision Medical, Inc., Luxfer Group, Cryofab, Inc., Responsive Respiratory, Inc., Atlas Copco, GCE group, and High Vacuum Maintenance (HVM) S.R.L.
Major Point Answered in Medical Oxygen System Market Research Study are: –
What will the market growth rate, Overview and Analysis by Type of Medical Oxygen System market in 2026?
What are the key factors driving, Analysis by Applications and Countries Medical Oxygen System market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Medical Oxygen System market?
Who are Opportunities, Risk and Driving Force of Medical Oxygen System market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
Who are the key vendors in Medical Oxygen System market space? Business Overview by Type, Applications, Gross Margin and Market Share
What are the Medical Oxygen System market opportunities and threats faced by the vendors in the market?
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
CMI published a business research report on “Medical Oxygen System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2026”. Medical Oxygen System with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
Medical Oxygen System Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Medical Oxygen System Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.
Global Medical Oxygen System Market Insights
Medical oxygen systems such as oxygen concentrators and compressed oxygen cylinder are mainly used in homecare settings, and are preferred by geriatric patients, who have difficulty in mobility, and depend on a reliable oxygen supply. Common chronic medical conditions such as chronic obstructive pulmonary disease (COPD), chronic bronchitis, emphysema, a common long-term effect of smoking requires oxygen therapy or supplemental oxygen, in order to get enough oxygen. Various type of oxygen systems are used to deliver controlled amount of oxygen to the patients.
Among end user, homecare settings segment in the global medical oxygen system market is expected to witness significant growth over the forecast period, owing to rising prevalence of chronic obstructive pulmonary diseases (COPD) among the geriatric population. For instance, according to the World Health Organization (WHO), in 2016, 251 million people around the globe suffered from COPD.
The global medical oxygen system market is estimated to be valued at US$ 2,459.8 million in 2018, and is expected to exhibit a CAGR of 7.4% during the forecast period (2018-2026).
Increasing product launches for medical oxygen system for homecare settings and hospitals is expected to drive growth of the global medical oxygen system market
Most of the hospitals and healthcare organizations install centralized oxygen systems in hospitals, in order to ensure large amount of supply to the patients. Homecare setting segment is also contributing majorly to growth of the market, owing to launches of portable oxygen systems in the market. For instance, in January 2016, GCE Healthcare launched Zen-O portable oxygen concentrator (POC). It is lightweight oxygen therapy device that weighs 4.66kg (10lbs) and easy to carry around. Moreover, in October 2017, Invacare Corporation launched the Invacare Platinum Mobile Oxygen Concentrator with new connectivity. The Platinum Mobile Oxygen Concentrator was combined with the Piccolo O? App to improve convenience during routine use.
Moreover, increasing approvals from the regulatory authorities for oxygen therapies is expected to increase the demand for medical oxygen systems, which is expected to drive the market growth. For instance, in April 2019, TherOx received the U.S. FDA approval for its supersaturated oxygen therapy. The new approach is intended for the treatment of damaged heart tissue with hyperbaric levels of oxygen during a single catheter-delivered infusion, consistently and safely reducing infarct size.
Reasons to Purchase this Report
Current and future of global Medical Oxygen System market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Global Medical Oxygen System Market- Regional Analysis
Regional segmentation of the global medical oxygen systems market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to witness signficant growth in the global medical oxygen system market, owing to presence of leading manufactures for medical oxygen systems and increasing product launches these players in this region. Leading manufacturers such as Imogen, Invacare Corporation, CAIRE, Inc., and O2 Concepts, LLC, that offer innovative oxygen concentrators, have high presence in the U.S. market. Furthermore, key players in the market are focusing on launching new products. For instance, in April 2019, Imogen, Inc. INGN launched its Imogen One G5 in the U.S. market
Moreover, oxygen system providers are engaged in expansion of their oxygen filling plants in Asia Pacific region, which is contributing to Asia Pacific medical oxygen system market growth. For instance, in February 2019, Kitajima Sanso, a distributor of medical gas, built medical oxygen filling plant in Myanmar. The new plant is equipped with two cryogenic gas storage tanks of 20 and 10 tons.
Europe is expected to account for the largest market share, owing to rising initiatives by key players in development of medical oxygen systems for various purposes. Increasing initiatives by regional key players and emergency medical service providers is expected to aid in growth of Europe medical oxygen system market. For instance, in June 2017, Medical Gas Solutions (MGS) was awarded with a contract to supply vital medical gases, including oxygen (O2) and analgesic gases to over one thousand emergency vehicles included in the North West Ambulance Service (NWAS) NHS Trust, across the North West of the U.K.
Global Medical Oxygen System Market – Competitive Landscape
Key players operating in the global medical oxygen system market include Koninklijke Philips N.V, Inogen, Inc., BOC Healthcare, Precision Medical, Inc., Luxfer Group, Cryofab, Inc., Responsive Respiratory, Inc., Atlas Copco, GCE group, and High Vacuum Maintenance (HVM) S.R.L.
Major Point Answered in Medical Oxygen System Market Research Study are: –
What will the market growth rate, Overview and Analysis by Type of Medical Oxygen System market in 2026?
What are the key factors driving, Analysis by Applications and Countries Medical Oxygen System market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Medical Oxygen System market?
Who are Opportunities, Risk and Driving Force of Medical Oxygen System market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
Who are the key vendors in Medical Oxygen System market space? Business Overview by Type, Applications, Gross Margin and Market Share
What are the Medical Oxygen System market opportunities and threats faced by the vendors in the market?
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
Contact:
Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Email: sales@coherentmarketinsights.com United States of America: +1-206-701-6702 United Kingdom: +44-020-8133-4027 Japan: +050-5539-1737 India: +91-848-285-0837
