Medical Oxygen Gas Cylinders Market Size, Trends, Top Leaders, Demand, Industry Growth and Forecast 2028

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Medical oxygen gas is used as an essential life support gas, for anesthesia, and for therapeutic purposes.

Medical oxygen gas is used as an essential life support gas, for anesthesia, and for therapeutic purposes. 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- UNITED STATES MEDICAL OXYGEN GAS CYLINDERS MARKET

The medical oxygen gas cylinders market has been seeing incredible growth from the past few decades. The primary growth factors behind the market growth are increasing instances of chronic diseases like cardiovascular diseases, respiratory diseases, and gastrointestinal disorders and increasing requirement of the homecare facilities. Besides this rising cases of COVID-19 patient’s lead to increase in demand for oxygen gas cylinders will fuel market growth. Nevertheless, stringent regulatory procedures and high costs of oxygen cylinders are the major restraining factor that could hamper the growth of the market.

COVID-19 IMPACT ON UNITED STATES 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.

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MEDICAL OXYGEN GAS CYLINDERS MARKET SEGMENTAL OVERVIEW

The study analyses United States Medical Oxygen Gas Cylinders market based on technology, product, end users and country.

MEDICAL OXYGEN GAS CYLINDERS MARKET BY TECHNOLOGY

Depending on the various technologies the medical oxygen gas cylinders market is segmented into Plus Flow and Continuous Flow. The continuous flow segment accounted for the largest market share in 2020 owing to, growing pulmonary disorders along with the rising COVID 19 cases that requires continue supply of medical oxygen gas for easy respiration. Hence, demand for continuous flow has increased leads to growth of the market.

MEDICAL OXYGEN GAS CYLINDERS MARKET BY PRODUCT

According to various products involve in medical oxygen gas cylinders market is classified into portable and fixed. The fixed segment dominated the global market in 2020 and expected to maintain its dominance in forecast period. The factors driving market growth are fixed oxygen gas cylinder demand has increased due to growing surgical procedures in hospitals and increasing trends towards usage of fixed oxygen gas cylinders.

MEDICAL OXYGEN GAS CYLINDERS MARKET BY END USERS

By 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. Nevertheless, rise in chronic cases causes increasing trends towards use of oxygen gas cylinders will boosts growth of the market.

UNITED STATES MEDICAL OXYGEN GAS CYLINDERS MARKET KEY PLAYERS

The major market key players include Invacare Corporation (United States), Nidek Medical Products, Inc. (United States), Inogen, Inc (United States), ResMed (United States), DeVilbiss Healthcare LLC (United States), Airgas Inc (United States), Allied Healthcare Products Inc (United States), Praxair Inc (United States), 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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