LONDON--(BUSINESS WIRE)--The global medical gas cylinder market is expected to grow by USD 2 billion during 2020-2024, as per Technavio. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic.
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The market is driven by the spread of coronavirus disease across the globe. In addition, the rise in vendors offering customized, innovative products is anticipated to boost the growth of the medical gas cylinder market.
The COVID-19 pandemic which originated in Wuhan, China, has severely impacted a majority of the population worldwide. The rising number of COVID-19 cases has significantly increased the demand for medical gas cylinders for intensive care. For instance, in March 2020, Tenaris' Dalmine seamless mill in Italy announced that it had ordered 4,300 medical-grade gas cylinders as the Lombardy region of the country was severely affected by the impact of COVID-19. Similarly, many countries are undertaking pre-emptive measures to ensure an adequate supply of oxygen to treat COVID-19 patients. These factors are influencing the growth of the global medical gas cylinders market.
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Major Five Medical Gas Cylinder Companies:
Allied Healthcare Products Inc.
Allied Healthcare Products Inc. operates its business through a unified segment. The company offers disposable oxygen kits under the brand, Lif O Gen.
B.N.O.S. Meditech Ltd.
B.N.O.S. Meditech Ltd. operates its business through the Products segment. The company offers medical oxygen cylinders in various sizes.
BOC Ltd.
BOC Ltd. operates its business through a unified segment. The company offers oxygen gas cylinders, nitrous oxide cylinders, carbon dioxide cylinders, and other medical gas cylinders.
Essex Industries Inc.
Essex Industries Inc. operates its business through segments such as Platform controls, Aircraft components, Liquid oxygen equipment, Gas regulators, Emergency breathing, and Sampling canisters. The company offers oxygen medical cylinders.
Everest Kanto Cylinder Ltd.
Everest Kanto Cylinder Ltd. operates its business through segments such as India, UAE, USA and Hungary, and Others. The company offers medical gas cylinders which are manufactured according to ISO 9809.
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Medical Gas Cylinder Market Product Outlook (Revenue, USD Billion, 2020-2024)
- HHH
- PBI
- RI
Medical Gas Cylinder Market Geography Outlook (Revenue, USD Billion, 2020-2024)
- North America
- Europe
- Asia
- ROW
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