Global Medical Oxygen Market was valued USD8985 million in 2022 and is forecast to grow at CAGR of 7.48% through 2028. The surge in the medical oxygen market can be ascribed to the increase in the number of active smokers and a significant increase in susceptibility to indoor pollutants. Also, a rise in day-to-day exposure to environmental pollution as well as an increasing geriatric population and related problems is further responsible for driving the medical oxygen market.

Global medical oxygen market is projected to grow considerably in the projected period, owing to the introduction of new and better gaseous mixtures, for example Entonox along with few novel innovative emergency solutions such as “Oxygen Plant-in-a-Box package.” In addition, the heavy investments happening in the medical oxygen industry both by public as well as private sector is likely to propel the market in the upcoming years.

Rise in Cases of Respiratory Disorders  

The prevalence of chronic obstructive pulmonary disease (COPD), along with respiratory issues like asthma, emphysema, bronchiolitis, and other lower respiratory tract infections, is high. Increased urbanization, contact with hazardous industrial gases and particles, and rising pollution are the primary reasons. Patients with COPD frequently require hospital stays and extra oxygen to relieve their symptoms, which boosts the market's expansion. The World Health Organization (WHO) estimates that 3.23 million people died from chronic obstructive pulmonary disease (COPD) in 2019, with 90% of those fatalities occurring in developing nations. Additionally, it ranks as the third biggest cause of death, globally.

Reconditioning of Healthcare System

A rise in new hospitals, the establishment of healthcare clusters, ambulatory care clinics, and other developments are all results of the healthcare system's ongoing improvement in both developed and developing nations. The demand for medical oxygen is also anticipated to rise as a result of the improvement and upgrade of current healthcare facilities, which will support the market's expansion.

Additionally, governments all over the world have been taking steps to enhance the general healthcare systems in their nations, which is a factor driving the medical oxygen market's expansion. For instance, the Saudi Arabia’s Vision 2030 places a strong emphasis on enhancing the overall condition of the Saudi healthcare system. The program's goal is to reformat the Saudi healthcare industry, enhancing its standing and potential as a strong, unified ecosystem with a focus on patient health under vision 2030.

Adoption of At-Home-Care Services and Point-of-Care Diagnostics

The need for medical oxygen from point-of-care (POC) diagnostics is predicted to expand, which will support the market's expansion globally. Similar to this, it is expected that rising demand for medical oxygen from the home healthcare sector will drive the market's expansion internationally.

Due to the fact that older people require ongoing respiratory support, there is an increasing demand for home healthcare services for senior patients. According to the World Health Organization (WHO), non-communicable illnesses account for 87% of the disease burden in individuals over 60 years old, which translates into more hospitalizations and a greater need for life-supporting technologies. As a result, various technologies and devices are developed to lower the number of hospitalizations for patients receiving medical oxygen at home or point-of-care testing diagnostics. 

Recent Developments

  • AMLEX, the first-of-its-kind Oxygen Rationing Device was developed by the Indian Institute of Technology, Ropar to increase the life span of medical oxygen cylinders up to three folds. This device delivers only the required amount of oxygen to the patient during inhalation and trips when carbon dioxide is exhaled, hence, saving the oxygen gas from wastage.
  • Linde PLC, in 2021 collaborated with its operations in Asia-Pacific such as Thailand, China, Singapore and several Indian partners to deliver ISO cryogenic tankers, (capacity of about 20 tons of liquid oxygen) from across the regions, to India. 


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Market Segmentation

The global medical oxygen market is segmented based on form, delivery mode, application, end user, region, and company. Based on form, the market is categorized into liquid oxygen, compressed oxygen, and oxygen gas mixture. Based on delivery mode, the market is divided into tanks/pipeline, cylinder, and others. Based on application, the market is split into therapeutics and diagnostics. Based on end user, the market is bifurcated into hospitals & clinics, ambulatory care centers, homecare, and others.  

Market players

Linde PLC, Air Products and Chemicals Inc., Air Liquide SA, Taiyo Nippon Sanso Corp., Messer SE & Co KGaA, Keen Compressed Gas Co., Atlas Copco AB, Gulf Cryo Saudi for Industrial & Medical Gases, Jubail Gas Plant Co. Ltd., Jacko Gases Company, Aldakheel Industrial Gases Plant (DIGAS), Barrak Industrial Gases Plant, Acail Gas, WestAir Gases & Equipment Inc., Goyal MG Gases Pvt Ltd., Haun Welding Supply, Inc., AGL Welding Supply Co., Inc., THE SOUTHERN GAS LTD., Ellenbarrie Industrial Gases Ltd., Inox Air Products Pvt Ltd. are the key players operating in the global medical oxygen market. 

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Form

·         Delivery Mode

·         Application

·         End User

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Vietnam; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa.

Key companies profiled

Linde PLC, Air Products and Chemicals Inc., Air Liquide SA, Taiyo Nippon Sanso Corp., Messer SE & Co KGaA, Keen Compressed Gas Co., Atlas Copco AB, Gulf Cryo Saudi for Industrial & Medical Gases, Jubail Gas Plant Co. Ltd., Jacko Gases Company, Aldakheel Industrial Gases Plant (DIGAS), Barrak Industrial Gases Plant, Acail Gas, WestAir Gases & Equipment Inc., Goyal MG Gases Pvt Ltd., Haun Welding Supply, Inc., AGL Welding Supply Co., Inc., THE SOUTHERN GAS LTD., Ellenbarrie Industrial Gases Ltd., Inox Air Products Pvt Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

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

  •  Medical Oxygen Market, By Form:
    • Liquid Oxygen
    • Compressed Oxygen
    • Oxygen Gas Mixture
  • Medical Oxygen Market, By Delivery Mode:
    • Tanks/Pipeline
    • Cylinder
    • Others
  • Medical Oxygen Market, By Application:
    • Therapeutic
    • Diagnostics
  • Medical Oxygen Market, By End User:
    • Hospitals & Clinics
    • Ambulatory Care Centers
    • Homecare
    • Others
  • Medical Oxygen Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Vietnam
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa

§  Saudi Arabia

§  UAE

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global 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).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Research Data

2.3.1.     Secondary Data

2.3.2.     Primary Data

2.4.  Market Size Estimation

2.4.1.     Bottom-Up Approach

2.4.2.     Top-Down Approach

2.5.  Market Breakdown & Triangulation

2.6.  Research Assumptions

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Medical Oxygen Market

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, Oxygen Gas Mixtures)

6.2.2.     By Delivery Mode (Tanks/Pipeline, Cylinder, Others)

6.2.3.     By Application (Therapeutic v/s Diagnostics)

6.2.4.     By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others)

6.2.5.     By Region

6.2.6.     By Company (2022)

6.3.  Market Map

6.3.1.     By Form

6.3.2.     By Delivery Mode

6.3.3.     By Application

6.3.4.     By End User

6.3.5.     By Region

7.    North America Medical Oxygen Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Form (Liquid Oxygen, Compressed Oxygen, Oxygen Gas Mixtures)

7.2.2.     By Delivery Mode (Tanks/Pipeline, Cylinder, Others)

7.2.3.     By Application (Therapeutic v/s Diagnostics)

7.2.4.     End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others)

7.2.5.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Medical Oxygen Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Form

7.3.1.2.2.             By Delivery Mode

7.3.1.2.3.             By Application

7.3.1.2.4.             By End User

7.3.2.     Canada Medical Oxygen Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Form

7.3.2.2.2.             By Delivery Mode

7.3.2.2.3.             By Application

7.3.2.2.4.             By End User

7.3.3.     Mexico Medical Oxygen Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Form

7.3.3.2.2.             By Delivery Mode

7.3.3.2.3.             By Application

7.3.3.2.4.             By End User

8.    Europe Medical Oxygen Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Form (Liquid Oxygen, Compressed Oxygen, Oxygen Gas Mixtures)

8.2.2.     By Delivery Mode (Tanks/Pipeline, Cylinder, Others)

8.2.3.     By Application (Therapeutic v/s Diagnostics)

8.2.4.     End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others)

8.2.5.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Medical Oxygen Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Form

8.3.1.2.2.             By Delivery Mode

8.3.1.2.3.             By Application

8.3.1.2.4.             By End User

8.3.2.     Germany Medical Oxygen Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Form

8.3.2.2.2.             By Delivery Mode

8.3.2.2.3.             By Application

8.3.2.2.4.             By End User

8.3.3.     United Kingdom Medical Oxygen Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Form

8.3.3.2.2.             By Delivery Mode

8.3.3.2.3.             By Application

8.3.3.2.4.             By End User

8.3.4.     Italy Medical Oxygen Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Form

8.3.4.2.2.             By Delivery Mode

8.3.4.2.3.             By Application

8.3.4.2.4.             By End User

8.3.5.     Spain Medical Oxygen Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Form

8.3.5.2.2.             By Delivery Mode

8.3.5.2.3.             By Application

8.3.5.2.4.             By End User

9.    Asia-Pacific Medical Oxygen Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Form (Liquid Oxygen, Compressed Oxygen, Oxygen Gas Mixtures)

9.2.2.     By Delivery Mode (Tanks/Pipeline, Cylinder, Others)

9.2.3.     By Application (Therapeutic v/s Diagnostics)

9.2.4.     End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others)

9.2.5.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Medical Oxygen Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Form

9.3.1.2.2.             By Delivery Mode

9.3.1.2.3.             By Application

9.3.1.2.4.             By End User

9.3.2.     India Medical Oxygen Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Form

9.3.2.2.2.             By Delivery Mode

9.3.2.2.3.             By Application

9.3.2.2.4.             By End User

9.3.3.     Japan Medical Oxygen Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Form

9.3.3.2.2.             By Delivery Mode

9.3.3.2.3.             By Application

9.3.3.2.4.             By End User

9.3.4.     South Korea Medical Oxygen Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Form

9.3.4.2.2.             By Delivery Mode

9.3.4.2.3.             By Application

9.3.4.2.4.             By End User

9.3.5.     Australia Medical Oxygen Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Form

9.3.5.2.2.             By Delivery Mode

9.3.5.2.3.             By Application

9.3.5.2.4.             By End User

9.3.6.     Vietnam Medical Oxygen Market Outlook

9.3.6.1.         Market Size & Forecast

9.3.6.1.1.             By Value

9.3.6.2.         Market Share & Forecast

9.3.6.2.1.             By Form

9.3.6.2.2.             By Delivery Mode

9.3.6.2.3.             By Application

9.3.6.2.4.             By End User

10.  South America Medical Oxygen Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Form (Liquid Oxygen, Compressed Oxygen, Oxygen Gas Mixtures)

10.2.2.  By Delivery Mode (Tanks/Pipeline, Cylinder, Others)

10.2.3.  By Application (Therapeutic v/s Diagnostics)

10.2.4.  End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others)

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Medical Oxygen Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Form

10.3.1.2.2.           By Delivery Mode

10.3.1.2.3.           By Application

10.3.1.2.4.           By End User

10.3.2.  Argentina Medical Oxygen Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Form

10.3.2.2.2.           By Delivery Mode

10.3.2.2.3.           By Application

10.3.2.2.4.           By End User

10.3.3.  Colombia Medical Oxygen Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Form

10.3.3.2.2.           By Delivery Mode

10.3.3.2.3.           By Application

10.3.3.2.4.           By End User

11.  Middle East and Africa Medical Oxygen Market Outlook

11.1.