Medical Grade Oxygen Market Synopsis
Medical Grade Oxygen Market Size Was Valued at USD 9.65 Billion in 2023, and is Projected to Reach USD 18.5 Billion by 2032, Growing at a CAGR of 7.5% From 2024-2032.
The global medical-grade oxygen market encompasses the production, distribution, and utilization of oxygen specifically designed for medical applications. This market is integral to healthcare systems worldwide, supporting various medical procedures, treatments, and life-saving interventions.
- Medical grade oxygen, typically defined as at least 99.0% pure oxygen, plays a critical role in addressing respiratory disorders, surgical procedures, emergency care, and other medical needs where supplemental oxygen is necessary.
- The growth of the medical-grade oxygen market is the rising prevalence of respiratory diseases. Conditions such as chronic obstructive pulmonary disease (COPD), asthma, and pneumonia contribute significantly to the demand for medical oxygen. With an aging global population and lifestyle factors impacting respiratory health, the need for oxygen therapy continues to increase, driving market expansion.
- Advancements in medical technology and healthcare infrastructure contribute to the market's growth. Innovations such as portable oxygen concentrators, improved oxygen delivery systems, and enhanced monitoring devices have enhanced patient care and accessibility to oxygen therapy. These technological advancements not only improve treatment outcomes but also broaden the market reach by making oxygen therapy more convenient and effective.
Medical Grade Oxygen Market Trend Analysis
Increase in Daily Exposure to Environmental Pollution
- As air quality deteriorates, particularly in urban areas, there's a growing need for supplemental oxygen therapy. Pollutants like particulate matter (PM2.5) and ozone irritate and damage lung tissue, reducing the body's ability to absorb oxygen from the ambient air. This can lead to respiratory problems like asthma, chronic obstructive pulmonary disease (COPD), and even heart disease.
- For individuals suffering from these pollution-induced conditions, medical-grade oxygen becomes a vital treatment. Hospitals and clinics witness a surge in demand for oxygen concentrators and tanks, especially during periods of high pollution. Additionally, home healthcare is seeing an increase in patients requiring long-term oxygen therapy due to environmental factors. This trend is expected to continue as stricter regulations and public awareness fail to keep pace with the rapid increase in pollution levels.
Rapidly Increasing Number of Geriatric Population With Respiratory Diseases
- As people age, their lung capacity naturally decreases, making them more susceptible to respiratory illnesses. This, coupled with a higher prevalence of chronic conditions like COPD and pneumonia in the elderly, creates a rising demand for supplemental oxygen therapy.
- This trend is evident worldwide. The World Health Organization projects that by 2050, the proportion of the global population aged 60 or over will nearly double. This surge in the elderly population translates to a greater number of individuals requiring oxygen support, both in hospitals and at home. Manufacturers of oxygen concentrators, portable oxygen tanks, and respiratory masks are well-positioned to cater to this growing need.
- For instance, In the United States, the National Heart, Lung, and Blood Institute report that COPD is a leading cause of hospitalization among adults aged 65 and older. This highlights the increasing dependence of the elderly population on medical-grade oxygen for managing chronic respiratory conditions. By developing user-friendly and portable oxygen delivery systems, companies can tap into this expanding market segment.
Medical Grade Oxygen Market Segment Analysis:
Medical Grade Oxygen Market is segmented on the basis of Product Type, Delivery Type, Indication and End-users.
By Product Type, Compressed Gas Systems segment is expected to dominate the market during the forecast period
- Compressed gas systems are integral to the medical grade oxygen market due to their reliability and efficiency in storing and delivering oxygen to patients. These systems encompass tanks or cylinders filled with compressed oxygen gas, managed through regulators and administered via specialized delivery devices like oxygen masks, nasal cannulas, or ventilators. For instance, a portable oxygen tank used by patients with respiratory conditions like chronic obstructive pulmonary disease (COPD) exemplifies this segment. These tanks store oxygen under pressure, allowing individuals to carry them for supplemental oxygen therapy, enhancing their mobility and quality of life.
- In healthcare facilities, compressed gas systems are crucial for emergency care and respiratory support. For example, during surgeries or critical care scenarios, medical professionals rely on compressed oxygen tanks connected to ventilators to ensure patients receive adequate oxygenation. These systems provide precise oxygen concentrations, essential for therapeutic applications ranging from treating acute respiratory distress to maintaining oxygen levels during anesthesia. Their versatility and ability to deliver oxygen effectively make compressed gas systems indispensable tools across various medical settings, safeguarding patient well-being and enabling optimal care delivery.
By Delivery Type, Oxygen Delivery In Oxygen Concentrators segment held the largest share of 32.8% in 2023
- Oxygen delivery in oxygen concentrators has become increasingly popular due to its convenience and cost-effectiveness. Unlike traditional oxygen tanks that require refilling and maintenance, oxygen concentrators extract oxygen from the ambient air, making them a more sustainable option. For example, a patient with chronic obstructive pulmonary disease (COPD) can use an oxygen concentrator at home to receive a continuous flow of medical-grade oxygen without the hassle of replacing tanks.
- Advancements in technology have improved the efficiency and portability of oxygen concentrators, further contributing to their dominance in the medical-grade oxygen market. Modern oxygen concentrators are designed to deliver precise oxygen levels, making them suitable for various medical conditions that require supplemental oxygen therapy. For instance, a portable oxygen concentrator allows patients to maintain an active lifestyle while ensuring they receive the necessary oxygen levels, such as during travel or outdoor activities. These factors combined have propelled the oxygen delivery in the oxygen concentrators segment to hold the largest share in the medical-grade oxygen market.
Medical Grade Oxygen Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast Period
- North America's significant market share in the medical-grade oxygen market can be attributed to its advanced healthcare infrastructure. The region boasts state-of-the-art medical facilities, including hospitals, clinics, and research centers, equipped with the latest technologies for diagnosing and treating various health conditions.
- This infrastructure enables efficient distribution and utilization of medical-grade oxygen, ensuring timely access for patients in need. For instance, hospitals in the US have well-established oxygen delivery systems that cater to a large patient population, especially those with chronic respiratory diseases like COPD, asthma, and pneumonia.
- The high prevalence of chronic respiratory diseases in North America contributes to the region's dominance in the medical-grade oxygen market. Factors such as air pollution, smoking habits, and an aging population contribute to the increased incidence of respiratory ailments, necessitating the use of medical-grade oxygen for therapeutic purposes.
- The US, in particular, stands out as the dominant player in this region due to its robust healthcare ecosystem, substantial healthcare expenditure, and strong focus on technological advancements. These factors create a conducive environment for the growth of the medical-grade oxygen market, making North America a key market player globally.
Active Key Players in the Medical Grade Oxygen Market
- Invacare Corporation (U.S.)
- Inogen Inc. (U.S.)
- CAIRE Inc. (U.S.)
- O2 CONCEPTS LLC (U.S.)
- OxyGo, LLC (U.S.)
- Precision Medical, Inc. (U.S.)
- Drive DeVilbiss Healthcare (U.S.)
- Airgas Inc (U.S.)
- Medical Depot, Inc. (Canada)
- Koninklijke Philips N.V. (Netherlands)
- Linde plc (Ireland)
- Chart Industries (U.S.)
- GCE Group (Sweden)
- Messer SE & Co. KGaA (Germany)
- Philips Healthcare (Netherlands)
- TECNO-GAZ SpA (Italy)
- Terumo Medical Corporation (Japan)
- NIDEK MEDICAL INDIA (India)
- OrientMEd International (UAE)
- Gulf Cryo Saudi for Industrial & Medical Gases (UAE)
- Jacko Gases Company (Saudi Arabia) and Other Active Players
Key Industry Developments in the Medical Grade Oxygen Market:
- In February 2023, React Health, a company specializing in the development, manufacturing, and distribution of medical devices for treating sleep-disordered breathing and providing oxygen therapy, successfully acquired Invacare's Respiratory line. This strategic acquisition will enable React Health to enhance its position in the market further and expand its product portfolio to cater to a broader range of customers
- In January 2023, CAIRE Inc., a global manufacturer of oxygen therapy and on-site generation systems, acquired MGC Diagnostics Holdings, Inc., headquartered in St. Paul, Minnesota. The acquisition strengthened CAIRE's presence and commitment to diagnostic technologies, further enhancing its proficiency in catering to patients at all stages of pulmonary disease progression
Global Medical Grade Oxygen Market |
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Base Year: |
2023 |
Forecast Period: |
2023-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 9.65 Bn. |
Forecast Period 2024-3 CAGR: |
7.5% |
Market Size in 2032: |
USD 18.5 Bn. |
Segments Covered: |
By Product Type |
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By Delivery type |
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By Indication |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Product Type
3.2 By Delivery Type
3.3 By Indication
3.4 By End User
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Medical Grade Oxygen Market by Product Type
5.1 Medical Grade Oxygen Market Overview Snapshot and Growth Engine
5.2 Medical Grade Oxygen Market Overview
5.3 Compressed Gas Systems
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Compressed Gas Systems: Geographic Segmentation
5.4 Portable Oxygen Concentrator Systems (POCs)
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Portable Oxygen Concentrator Systems (POCs): Geographic Segmentation
5.5 Liquid Oxygen Systems
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Liquid Oxygen Systems: Geographic Segmentation
Chapter 6: Medical Grade Oxygen Market by Delivery Type
6.1 Medical Grade Oxygen Market Overview Snapshot and Growth Engine
6.2 Medical Grade Oxygen Market Overview
6.3 Oxygen Delivery In Oxygen Concentrators
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Oxygen Delivery In Oxygen Concentrators: Geographic Segmentation
6.4 Continuous Flow Dose Delivery
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Continuous Flow Dose Delivery: Geographic Segmentation
6.5 Pulse Mode Delivery
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Pulse Mode Delivery: Geographic Segmentation
Chapter 7: Medical Grade Oxygen Market by Indication
7.1 Medical Grade Oxygen Market Overview Snapshot and Growth Engine
7.2 Medical Grade Oxygen Market Overview
7.3 Stationary Oxygen Concentrators
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Stationary Oxygen Concentrators: Geographic Segmentation
7.4 Portable Oxygen Concentrators
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Portable Oxygen Concentrators: Geographic Segmentation
Chapter 8: Medical Grade Oxygen Market by End User
8.1 Medical Grade Oxygen Market Overview Snapshot and Growth Engine
8.2 Medical Grade Oxygen Market Overview
8.3 Primary Healthcare
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size (2016-2028F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Primary Healthcare: Geographic Segmentation
8.4 General & Specialized Hospitals
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size (2016-2028F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 General & Specialized Hospitals: Geographic Segmentation
8.5 Emergency Transports
8.5.1 Introduction and Market Overview
8.5.2 Historic and Forecasted Market Size (2016-2028F)
8.5.3 Key Market Trends, Growth Factors and Opportunities
8.5.4 Emergency Transports: Geographic Segmentation
8.6 Outpatient Units
8.6.1 Introduction and Market Overview
8.6.2 Historic and Forecasted Market Size (2016-2028F)
8.6.3 Key Market Trends, Growth Factors and Opportunities
8.6.4 Outpatient Units: Geographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Positioning
9.1.2 Medical Grade Oxygen Sales and Market Share By Players
9.1.3 Industry BCG Matrix
9.1.4 Heat Map Analysis
9.1.5 Medical Grade Oxygen Industry Concentration Ratio (CR5 and HHI)
9.1.6 Top 5 Medical Grade Oxygen Players Market Share
9.1.7 Mergers and Acquisitions
9.1.8 Business Strategies By Top Players
9.2 MEDTRONIC (IRELAND)
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Operating Business Segments
9.2.5 Product Portfolio
9.2.6 Business Performance
9.2.7 Key Strategic Moves and Recent Developments
9.2.8 SWOT Analysis
9.3 DEVILBISS HEALTHCARE LLC (U.S.)
9.4 MESSER GROUP GMBH (GERMANY)
9.5 PHILIPS HEALTHCARE (NETHERLANDS)
9.6 INVACARE CORPORATION (U.S.)
9.7 AIR PRODUCTS (U.S.)
9.8 LINDE PLC (IRELAND)
9.9 GULF CRYO SAUDI FOR INDUSTRIAL & MEDICAL GASES (U.A.E.)
9.10 NIDEK MEDICAL (INDIA)
9.11 TERUMO MEDICAL CORPORATION (JAPAN)
9.12 ORIENTMED INTERNATIONAL (U.A.E.)
9.13 JACKO GASES COMPANY (SAUDI ARABIA)
9.14 OTHER MAJOR PLAYERS.
Chapter 10: Global Medical Grade Oxygen Market Analysis, Insights and Forecast, 2016-2028
10.1 Market Overview
10.2 Historic and Forecasted Market Size By Product Type
10.2.1 Compressed Gas Systems
10.2.2 Portable Oxygen Concentrator Systems (POCs)
10.2.3 Liquid Oxygen Systems
10.3 Historic and Forecasted Market Size By Delivery Type
10.3.1 Oxygen Delivery In Oxygen Concentrators
10.3.2 Continuous Flow Dose Delivery
10.3.3 Pulse Mode Delivery
10.4 Historic and Forecasted Market Size By Indication
10.4.1 Stationary Oxygen Concentrators
10.4.2 Portable Oxygen Concentrators
10.5 Historic and Forecasted Market Size By End User
10.5.1 Primary Healthcare
10.5.2 General & Specialized Hospitals
10.5.3 Emergency Transports
10.5.4 Outpatient Units
Chapter 11: North America Medical Grade Oxygen Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Product Type
11.4.1 Compressed Gas Systems
11.4.2 Portable Oxygen Concentrator Systems (POCs)
11.4.3 Liquid Oxygen Systems
11.5 Historic and Forecasted Market Size By Delivery Type
11.5.1 Oxygen Delivery In Oxygen Concentrators
11.5.2 Continuous Flow Dose Delivery
11.5.3 Pulse Mode Delivery
11.6 Historic and Forecasted Market Size By Indication
11.6.1 Stationary Oxygen Concentrators
11.6.2 Portable Oxygen Concentrators
11.7 Historic and Forecasted Market Size By End User
11.7.1 Primary Healthcare
11.7.2 General & Specialized Hospitals
11.7.3 Emergency Transports
11.7.4 Outpatient Units
11.8 Historic and Forecast Market Size by Country
11.8.1 U.S.
11.8.2 Canada
11.8.3 Mexico
Chapter 12: Europe Medical Grade Oxygen Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Product Type
12.4.1 Compressed Gas Systems
12.4.2 Portable Oxygen Concentrator Systems (POCs)
12.4.3 Liquid Oxygen Systems
12.5 Historic and Forecasted Market Size By Delivery Type
12.5.1 Oxygen Delivery In Oxygen Concentrators
12.5.2 Continuous Flow Dose Delivery
12.5.3 Pulse Mode Delivery
12.6 Historic and Forecasted Market Size By Indication
12.6.1 Stationary Oxygen Concentrators
12.6.2 Portable Oxygen Concentrators
12.7 Historic and Forecasted Market Size By End User
12.7.1 Primary Healthcare
12.7.2 General & Specialized Hospitals
12.7.3 Emergency Transports
12.7.4 Outpatient Units
12.8 Historic and Forecast Market Size by Country
12.8.1 Germany
12.8.2 U.K.
12.8.3 France
12.8.4 Italy
12.8.5 Russia
12.8.6 Spain
12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Medical Grade Oxygen Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Product Type
13.4.1 Compressed Gas Systems
13.4.2 Portable Oxygen Concentrator Systems (POCs)
13.4.3 Liquid Oxygen Systems
13.5 Historic and Forecasted Market Size By Delivery Type
13.5.1 Oxygen Delivery In Oxygen Concentrators
13.5.2 Continuous Flow Dose Delivery
13.5.3 Pulse Mode Delivery
13.6 Historic and Forecasted Market Size By Indication
13.6.1 Stationary Oxygen Concentrators
13.6.2 Portable Oxygen Concentrators
13.7 Historic and Forecasted Market Size By End User
13.7.1 Primary Healthcare
13.7.2 General & Specialized Hospitals
13.7.3 Emergency Transports
13.7.4 Outpatient Units
13.8 Historic and Forecast Market Size by Country
13.8.1 China
13.8.2 India
13.8.3 Japan
13.8.4 Singapore
13.8.5 Australia
13.8.6 New Zealand
13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Medical Grade Oxygen Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Product Type
14.4.1 Compressed Gas Systems
14.4.2 Portable Oxygen Concentrator Systems (POCs)
14.4.3 Liquid Oxygen Systems
14.5 Historic and Forecasted Market Size By Delivery Type
14.5.1 Oxygen Delivery In Oxygen Concentrators
14.5.2 Continuous Flow Dose Delivery
14.5.3 Pulse Mode Delivery
14.6 Historic and Forecasted Market Size By Indication
14.6.1 Stationary Oxygen Concentrators
14.6.2 Portable Oxygen Concentrators
14.7 Historic and Forecasted Market Size By End User
14.7.1 Primary Healthcare
14.7.2 General & Specialized Hospitals
14.7.3 Emergency Transports
14.7.4 Outpatient Units
14.8 Historic and Forecast Market Size by Country
14.8.1 Turkey
14.8.2 Saudi Arabia
14.8.3 Iran
14.8.4 UAE
14.8.5 Africa
14.8.6 Rest of MEA
Chapter 15: South America Medical Grade Oxygen Market Analysis, Insights and Forecast, 2016-2028
15.1 Key Market Trends, Growth Factors and Opportunities
15.2 Impact of Covid-19
15.3 Key Players
15.4 Key Market Trends, Growth Factors and Opportunities
15.4 Historic and Forecasted Market Size By Product Type
15.4.1 Compressed Gas Systems
15.4.2 Portable Oxygen Concentrator Systems (POCs)
15.4.3 Liquid Oxygen Systems
15.5 Historic and Forecasted Market Size By Delivery Type
15.5.1 Oxygen Delivery In Oxygen Concentrators
15.5.2 Continuous Flow Dose Delivery
15.5.3 Pulse Mode Delivery
15.6 Historic and Forecasted Market Size By Indication
15.6.1 Stationary Oxygen Concentrators
15.6.2 Portable Oxygen Concentrators
15.7 Historic and Forecasted Market Size By End User
15.7.1 Primary Healthcare
15.7.2 General & Specialized Hospitals
15.7.3 Emergency Transports
15.7.4 Outpatient Units
15.8 Historic and Forecast Market Size by Country
15.8.1 Brazil
15.8.2 Argentina
15.8.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Global Medical Grade Oxygen Market |
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Base Year: |
2023 |
Forecast Period: |
2023-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 9.65 Bn. |
Forecast Period 2024-3 CAGR: |
7.5% |
Market Size in 2032: |
USD 18.5 Bn. |
Segments Covered: |
By Product Type |
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By Delivery type |
|
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By Indication |
|
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By End User |
|
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By Region |
|
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Key Market Drivers: |
|
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Medical Grade Oxygen Market research report is 2024-2032.
Invacare Corporation, Inogen Inc., CAIRE Inc., O2 CONCEPTS LLC, OxyGo, LLC, Precision Medical, Inc., Drive DeVilbiss Healthcare, Airgas Inc, Medical Depot, Inc., Koninklijke Philips N.V., Linde plc, Chart Industries, GCE Group, Messer SE & Co. KGaA, Philips Healthcare, TECNO-GAZ SpA, Terumo Medical Corporation, NIDEK MEDICAL INDIA, OrientMEd International, Gulf Cryo Saudi for Industrial & Medical Gases, Jacko Gases Company and Other Active Players.
The Medical Grade Oxygen Market is segmented into Product Type, Delivery Type, Indication, End User, and region. By Product Type, the market is categorized into compressed gas systems. Portable oxygen concentrator systems (POCs), Liquid oxygen systems, and others. By Delivery type, the market is categorized into Oxygen Delivery in Oxygen Concentrators, Continuous Flow Dose Delivery, and Pulse Mode Delivery. By Indication, the Market is categorized into Stationary Oxygen Concentrators and Portable Oxygen Concentrators. By End-user the Market is categorized into General and Specialized Hospitals, Emergency Transports, and Outpatient Units. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The global medical-grade oxygen market encompasses the production, distribution, and utilization of oxygen specifically designed for medical applications. This market is integral to healthcare systems worldwide, supporting various medical procedures, treatments, and life-saving interventions.
Medical Grade Oxygen Market Size Was Valued at USD 9.65 Billion in 2023, and is Projected to Reach USD 18.5 Billion by 2032, Growing at a CAGR of 7.5% From 2024-2032.