India Medical Oxygen Market By Product Type (Oxygen Cylinder v/s Oxygen Cans) By Modality (Stationary v/s Mobile) By Application (COPD, Lung Disorders, Cardiac Disorders, COVID-19, Others) By End User (Hospitals & Clinics, Home Care, Others) By Region, Competition Forecast & Opportunities, FY2027

India medical oxygen market is anticipated to grow with an impressive CAGR in the forecast period, FY2023-FY2027. The market has shown a consistent growth in the last five years and it is expected to grow with the projected cumulative annular growth rate on the account of growing need of patients suffering from the coronavirus infection and the surge in the demand of supply of oxygen for their treatment is driving the growth of the India medical oxygen market, in the forecast period, until FY2027. Moreover, increasing instances of chronic diseases like cardiovascular diseases, respiratory diseases, and gastrointestinal disorders are responsible for the surge in the demand of the medical oxygen to sustain the lives of patients when they are incapable of breathing themselves. These factors are major drivers of the market growth in the future five years. Moreover, increasing requirement of the homecare facilities is further expected to bolster the growth of the market. Although, import from larger economies may make the market a difficult place for the new market players. Medical oxygen is a concentrated form of oxygen that is separated from the other gases and impurities found in the air by repeatedly compressing, filtering, and purification processes. In the highly compressed, liquid form the medical oxygen is maintained at -182 . Commercially, the medical oxygen is available in the cannisters and the cylinder containers.

India medical oxygen market segmentations is based on product type, modality, application, end user, competitional landscape, and regional distribution. Based on device product type, the market is further segmented into oxygen cylinder and oxygen cans. Due to the sudden surge in the demand due to rising cases of COVID-19 patients, oxygen cans are anticipated to hold the fastest CAGR growth of the market. Oxygen cylinders are expected to hold the largest share of the market owing to the increasing demand due to chronic diseases. Although consistent transportation of medical oxygen for the interstate demand is enhancing the growth of the market in the upcoming five years.

Some of the top players in the India Medical Oxygen Market are, 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, among others. The companies are involving themselves into research and development for more advanced medical devices. Medical oxygen are in demand owing to the sudden surge in the need of the healthcare industry. New players entering the market may form partnerships with other players or the end users of the industry for a consistent inflow of the product.

Years considered for this report:

Historical Years: FY2017 – FY2020

Base Year: FY2021

Estimated Year: FY2022

Forecast Period: FY2023 – FY2027

Objective of the Study:

• To analyze the historical growth of the market size of India medical oxygen market from FY2017 to FY2020.
• To estimate and forecast the market size of India medical oxygen market from FY2021 to FY2027 and growth rate until FY2027. 
• To classify and forecast India medical oxygen market based on product type, modality, application, end users, competitional landscape, and regional distribution.
• To identify dominant region or segment in the India medical oxygen market.
• To identify drivers and challenges for India medical oxygen market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India medical oxygen market.
• To identify and analyze the profile of leading players operating in India medical oxygen market.
• To identify key sustainable strategies adopted by market players in India medical oxygen market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of India medical oxygen market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Medical oxygen manufacturers, end users, and other stakeholders
• Distributers and suppliers of medical oxygen and other stakeholders
• Organizations, forums and alliances related to medical oxygen
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India medical oxygen market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Medical Oxygen Market, By Product Type:
• Oxygen Cylinder
• Oxygen Cans
• India Medical Oxygen Market, By Modality:

o   Stationary

o   Mobile

• India Medical Oxygen Market, By Application:
• COPD
• Lung Disorders
• Cardiac Disorders
• COVID-19
• Others
• India Medical Oxygen Market, By End Users:
• Hospitals & Clinics
• Home Care
• Others
• India Medical Oxygen Market, By Region:
• South
• West
• North
• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India medical oxygen market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

India Medical Oxygen Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]