DUBLIN--(BUSINESS WIRE)--The "Global Medical Oxygen Market, By Form (Liquid Oxygen, Compressed, Oxygen Concentrators), By Purity (96% to 99.5%, 93% to 96%), By Delivery Mode, By Modality, By Technology, By Application, By End User, By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Medical Oxygen Market was valued at USD4572.39 million in value terms in 2020 and is forecast to grow at a CAGR of 7.02% in value terms to reach USD6712.32 million by 2026. The Global Medical Oxygen Market is driven by the growing prevalence of respiratory diseases among the population. In addition to this, high growth in the geriatric population is anticipated to positively impact the growth of the market during the forecast period. Furthermore, the increasing requirement for home healthcare facilities is further expected to bolster the growth of the market over the next few years.
Currently, the high demand for mechanical ventilators is resulting in a significant shortage of these devices in key countries affected by the COVID-19 outbreak. The unmet demand for mechanical ventilators is forcing biomedical engineers and scientists to create makeshift ventilators using respiratory devices such as PAP, manual resuscitators, nebulizers, oxygen concentrators, and others. This is acting as a pivotal factor for the growth of the medical oxygen market in recent times.
The Global Medical Oxygen Market is segmented based on form, purity, delivery mode, modality, technology, application, end-user, company, and region. Based on form, the market can be categorized into compressed, liquid oxygen, oxygen concentrators, others. Out of these, the Liquid oxygen segment is expected to dominate during the forecast period. This dominance can be attributed to the rising prevalence of chronic obstructive pulmonary disease (COPD) across the world. In addition to this, it is highly effective to increase the amount of oxygen in the body to healthy, normal levels, which is further expected to create more opportunities for segmental growth over the coming years.
Companies Mentioned
- Linde Plc
- Air Liquide S.A.
- Air Products and Chemicals, Inc.
- Taiyo Nippon Sanso Corporation
- Messer Group GmbH
- Cryofab Inc
- Terumo Medical Corporation
- Keen Compressed Gas Co
- GF Health Products Inc.
- Koninklijke Philips N.V.
- Invacare Corporation
- Goyal MG Gases Private Limited
- Ellenbarrie Industrial Gases Limited
- Devilbiss Healthcare LLC
- Inogen Inc.
- O2 Concepts, LLC
- Teijin Limited
- GCE Healthcare
- Inova Labs Inc.
- Novair Medical
Objective of the Study:
- To analyze the historical growth in the market size of the Global Medical Oxygen Market from 2016 to 2020.
- To estimate and forecast the market size of the Global Medical Oxygen Market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the Global Medical Oxygen Market based on form, purity, delivery mode, modality, technology, application, end-user, company and regional distribution.
- To identify dominant region or segment in the Global Medical Oxygen Market.
- To identify drivers and challenges for the Global Medical Oxygen Market.
- To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Global Medical Oxygen Market.
- To conduct pricing analysis for the Global Medical Oxygen Market.
- To identify and analyze the profile of leading players operating in the Global Medical Oxygen Market.
- To identify key sustainable strategies adopted by market players in the Global Medical Oxygen Market.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Medical Oxygen Market
4. Executive Summary
5. Voice of Customer
6. Global Medical Oxygen Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Form (Liquid Oxygen, Compressed, Oxygen Concentrators, Others)
6.2.2. By Purity (96% to 99.5%, 93% to 96%)
6.2.3. By Delivery Mode (Aerial Diffusion, Direct Inhalation, Others)
6.2.4. By Modality (Portable Medical Oxygen Systems v/s Standalone Medical Oxygen Systems)
6.2.5. By Technology (Continuous Flow v/s Pulse Dose)
6.2.6. By Application (COPD, Bronchopulmonary, Lung Disorder, Heart Failure, Asthma, Cystic Fibrosis, Others)
6.2.7. By End User (Hospitals, Ambulatory Centers, Emergency Medical Centers, Home Care)
6.2.8. By Company (2020)
6.2.9. By Region
6.3. Product Market Map
7. Asia-Pacific Medical Oxygen Market Outlook
7.1. Market Size & Forecast
7.2. Market Share & Forecast
7.3. Asia-Pacific: Country Analysis
8. Europe Medical Oxygen Market Outlook
9. North America Medical Oxygen Market Outlook
10. South America Medical Oxygen Market Outlook
11. Middle East and Africa Medical Oxygen Market Outlook
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Outlook
14.2. Leading Players Profiled
15. Strategic Recommendations
16. About the Publisher & Disclaimer
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