India Medical Oxygen Market to Grow with a CAGR of 7.25% through 2030
Increasing
healthcare infrastructure and a supportive regulatory environment are expected
to drive the India Medical Oxygen Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “India
Medical Oxygen Market Industry Size, Share, Trends, Competition, Opportunity
and Forecast, 2030F”, India Medical Oxygen Market has valued at USD
382.23 Million in 2024 and is anticipated to witness an impressive growth in
the forecast period with a CAGR of 7.25% through 2030. the burgeoning
healthcare infrastructure in India, characterized by the establishment of new
hospitals, clinics, and healthcare facilities, is fuelling the demand for
medical oxygen. A significant driver boosting the India Medical Oxygen Market
is the growing adoption of home healthcare services. With the rising preference
for home-based medical care, especially among elderly patients and those with
chronic illnesses, there is an increasing demand for medical oxygen for home
oxygen therapy. This trend underscores the importance of ensuring accessibility
and availability of medical oxygen outside traditional healthcare settings.
Technological advancements in oxygen generation and
delivery systems are contributing to market growth. Innovations such as
portable oxygen concentrators, advanced flow control devices, and remote
monitoring solutions are enhancing the efficiency, safety, and convenience of
oxygen therapy, thereby driving adoption rates and expanding the market for
medical oxygen. Heightened awareness about the critical role of medical oxygen
in emergency preparedness and disaster management is prompting healthcare
facilities to prioritize the establishment of robust oxygen supply systems. The
COVID-19 pandemic, in particular, has underscored the importance of ensuring
adequate oxygen supply to address surges in demand during health crises,
further driving investments in medical oxygen infrastructure and capabilities.
Rural and remote areas may have limited access to
oxygen, resulting in disparities in healthcare services. Transportation
bottlenecks, such as roadblocks, traffic congestion, and restrictions on the
movement of oxygen tankers, have hindered the timely delivery of medical oxygen
to healthcare facilities, particularly during crises. Disruptions in the oxygen
supply chain, including delays in procurement, production, and distribution,
have affected the availability of medical oxygen when and where it is needed most.
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India Medical Oxygen Market is segmented based on form,
delivery mode, application, end-user, and by region.
Based on the end users, hospitals & clinics
segment dominated the india medical oxygen market in 2024 and is predicted to
continue expanding over the coming years.
Hospitals and clinics play a central role in the Indian healthcare
system. They are where a significant portion of medical treatments and
procedures take place. As a result, they have a consistently high demand for
medical oxygen. Medical oxygen is essential for a wide range of medical
applications, including surgical procedures, respiratory support, anesthesia,
emergency care, and neonatal care. Hospitals and clinics are the primary
institutions where these applications are carried out, leading to a substantial
demand for medical oxygen. Hospitals, particularly tertiary care and
specialized medical centers, often have critical care units, including
intensive care units (ICUs) and neonatal ICUs, where patients with severe
respiratory conditions and other critical medical issues receive treatment.
Medical oxygen is a lifeline for many of these patients. Even routine medical
procedures, such as surgeries and diagnostic tests, often require medical
oxygen. This contributes to the consistent demand for medical oxygen in
hospital and clinic settings. The COVID-19 pandemic significantly increased the
demand for medical oxygen, especially in hospitals. Many COVID-19 patients
required oxygen therapy, and the surge in cases during the pandemic placed a
considerable burden on healthcare facilities, further emphasizing the role of
hospitals in the medical oxygen market.
Based on Region, North India held the largest
share in the India Medical Oxygen Market. During the COVID-19 pandemic, there
was a heightened demand for medical oxygen in India. Northern states like Delhi
and Uttar Pradesh were among the regions most affected by the virus. This
resulted in a surge in demand for medical oxygen, which may have further
emphasized the region's prominence in the medical oxygen market. The government
of India, in collaboration with state governments, launched initiatives to
improve healthcare infrastructure, including oxygen supply systems. These
initiatives have focused on regions with higher populations and healthcare
demand, which are often found in North India. Major urban centers and
metropolitan hubs like Delhi, Mumbai, and Pune are situated in North India.
These cities host a plethora of well-equipped hospitals and healthcare
facilities, heavily reliant on medical oxygen for patient care. The presence of
such urban hubs amplifies the demand for medical oxygen, accentuating its
pivotal role in sustaining healthcare services.
Some of the major companies
operating in the India Medical Oxygen Market include:
- Philips
India Limited
- Wipro
GE Healthcare Pvt. Ltd.
- Siemens
Healthineers India
- Canon
India Pvt. Ltd.
- Shimadzu
Medical (India) Pvt. Ltd.
- Trivitron
Healthcare Pvt. Ltd.
- India
Medtronic Pvt Ltd
- Hitachi
India Pvt. Ltd.
- Sanrad
Medical Systems Private Limited
- Accuray
Medical Equipment India Pvt. Ltd
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“In the coming years, the Indian medical oxygen
market is poised for significant growth, driven by driven by increasing
healthcare infrastructure development and a rising awareness of respiratory
health. With a growing population and a surge in chronic respiratory diseases,
demand for medical oxygen solutions is expected to soar. Also, advancements
in technology and manufacturing processes will likely enhance the accessibility
and efficiency of oxygen delivery systems, further fuelling market expansion.,"
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based Global management consulting firm.
India Medical Oxygen Market by
Form (Liquid Oxygen, Compressed Oxygen, Oxygen Gas Mixture), By Delivery Mode
(Tanks/Pipeline, Cylinder, Others), By Application (Therapeutic, Diagnostics), By End User (Hospitals & Clinics, Ambulatory Care Centers,
Homecare, Others), By Region, By Competition Forecast & Opportunities,
2020-2030F has evaluated the
future growth potential of India Medical Oxygen Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide innovative market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Medical Oxygen Market.
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