United States Medical Oxygen Market to be Dominated by the Liquid Oxygen Segment by 2031
Rising demand for point-of-care treatments is expected to drive the United States medical oxygen market in the
forecast period, 2027-2031.
According to TechSci Research
report, “United States Medical Oxygen Market–Industry Size, Share,
Trends, Opportunity and Forecast, 2031F”, the United States Medical Oxygen Market will grow from USD 253.34 Million in 2025 to USD 330.67 Million by 2031 at a 4.54% CAGR.
Population of the United States
has been steadily increasing over the years. With a growing population comes an increased number of people requiring medical treatments and surgeries. Conditions such as chronic obstructive pulmonary disease (COPD), pneumonia, and respiratory distress syndrome often necessitate medical oxygen to support respiratory function and improve patient outcomes, thereby propelling the medical oxygen market and driving growth over the forecast period.
Advancements in medical
technology have expanded the scope of treatments and surgeries available to
patients in the country. In the United States, the growing healthcare infrastructure and rising medical expenditures mean that professionals now have access to a wider range of procedures, including complex surgeries and intensive care treatments. Many of these procedures
require medical oxygen to support patients' breathing during and
after the intervention. As medical technology continues to progress, the demand
for medical oxygen is likely to increase further.
Moreover, the United States has
an aging population, with a significant number of older adults requiring
medical interventions. As people age, they become more susceptible to various
health conditions, including respiratory diseases and cardiovascular problems.
Medical oxygen is frequently used in the management of these conditions,
providing vital respiratory support, and improving overall patient well-being.
The aging population contributes to the growing need for medical oxygen in the
country.
In response to the growing need
for medical oxygen, healthcare organizations and policymakers should focus on
proactive planning and resource allocation. This includes investing in the
necessary infrastructure, such as oxygen generation and storage facilities, and maintaining a robust supply chain. Additionally, promoting public awareness
about responsible oxygen use and avoiding unnecessary waste can help optimize
the availability of medical oxygen for those who genuinely need it.
There is increased demand for medical oxygen cylinders in the country, particularly in home care settings, among people with respiratory conditions and during oxygen shortages. Most of the oxygen demand is observed during patients suffering serious illnesses such as Chronic Obstructive Pulmonary Disease (COPD) and often in conditions like Pneumonia. Also, the growing older population is highly responsible for expanding the market demand for medical oxygen as they undergo breathing and respiratory illnesses during their treatments and surgeries frequently. The shift towards at-home
care services has been driven by several factors, including technological advancements, the desire for patient-centred care, and cost-effectiveness.
Patients with respiratory disorders benefit from continuous monitoring,
personalized treatment plans, and convenient access to medical professionals without
the need for frequent hospital visits.
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Based on the delivery mode, the
market is segmented into tanks/pipelines, cylinders, and others. The cylinders segment dominated the market in 2022 and is expected to continue to grow over the forecast period. This can be attributed to major factors such as cylinders being widely utilised for supplemental or emergency supplies in hospitals that primarily rely on liquid deliveries. Despite the high costs associated with them, including consumables, maintenance, and electricity, concentrators are considered a relatively quick and simple method to meet the growing need for medical oxygen in settings with less-developed infrastructure.
Based on the end user, the market is divided among hospitals & clinics, ambulatory care centres, home care, skilled nursing facilities, assisted living facilities and others. The home care segment dominated the market in 2022 due to increased demand for medical oxygen in home care facilities to treat various health conditions, including during the COVID-19 surge. The hospitals & clinics segment is
expected to hold the largest share in the forecast period. This is on account of the rising number of patient hospitalisations and the increase in development of hospitals & infrastructure in the coming years.
Based on form, the market is
segmented into liquid oxygen, compressed oxygen, and oxygen gas mixture. The
liquid oxygen segment is expected to hold the largest share of the market during the forecast period, owing to its low cost, light weight, and high purity.
Major companies operating in the
United States medical oxygen market are:
- Lincare Holdings Inc.
- Linde plc
- Inogen Inc.
- DeVilbiss Healthcare
- Philips Respironics
- Invacare Corporation
- CAIRE Inc.
- O2 Concepts LLC
- AirSep Corporation
- Chart Industries Inc.
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“The increasing demand of
medical oxygen is highly observed in the country due to the rising cases of
respiratory illness such as COPD. Additionally, there has been an increase in medical oxygen demand following the COVID-19 pandemic. Additionally, the growing investment in healthcare infrastructure and medical expenditure has led to an increase in demand for medical oxygen, which is further expected to propel the growth of the medical oxygen market in the forecast period,” said Mr Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Medical Oxygen Market, By Form (Liquid Oxygen, Compressed Oxygen, and Oxygen Gas Mixture), By Delivery Mode (Tanks/Pipeline, Cylinder, and Others), By Application (Diagnostic, Therapeutic), By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Skilled Nursing Facilities, Assisted Living Facilities, and Others), By Region, Competition, Forecast and Opportunities, 2021-2031F”, has evaluated the future growth potential of United
States medical oxygen market and provides statistics & information on
market size, structure, and future market growth. The report aims to provide cutting-edge market intelligence and help decision-makers make sound investment
decisions. The report also identifies and analyses emerging trends, essential drivers, challenges, and opportunities in the United States medical oxygen market.
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