04-Aug-2020 | Zion Market Research
Zion Market Research has published a new report titled “Medical Oxygen Cylinder Market by Type (Portable and Fixed), and Application (Respiratory Department, Emergency Room, Household, Operating Room, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026” According to the report, global demand for medical oxygen cylinder market was valued at approximately USD 7.4 billion in 2019, and is expected to generate revenue of around USD 11.2 billion by end of 2026, growing at a CAGR of around 6.2% between 2020 and 2026.
The medical oxygen cylinders are used to supply oxygen through an oxygen mask or nasal cannula. Oxygen is supplied in case of toxicity from carbon monoxide, low blood oxygen, and cluster headaches among other conditions. given. Continuing oxygen is frequently useful in persons with recurrently low oxygen like from severe cystic fibrosis or COPD. Oxygen is extensively used in emergency treatment, both by emergency medical facilities and in hospital or those administering advanced first aid. High-flow oxygen is specified for use in revival, anaphylaxis, active convulsions, major trauma, shock, hypothermia, and major bleeding. Oxygen is also supplied in patients with severe respiratory conditions arising due to some viral infections such as COVID-19.
Browse the full “Medical Oxygen Cylinder Market by Type (Portable and Fixed), and Application (Respiratory Department, Emergency Room, Household, Operating Room, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026.” Report at https://www.zionmarketresearch.com/report/medical-oxygen-cylinder-market
Factors such as high prevalence of cystic fibrosis, increasing number of accidents, increasing spending on healthcare infrastructure by governments in the developing regions, increasing geriatric population, and high demand due outbreak of pandemics like COVID-19 will act as major driving factors in the growth of global medical oxygen cylinder market. Increasing investment in research and increasing number of healthcare facilities will act as an opportunity for the market players in the medical oxygen cylinder market. Nonetheless, issues with supply chain and logistics will restrict the growth of global medical oxygen cylinder market.
The global medical oxygen cylinder market has been split into type, application, and region. Based on type, medical oxygen cylinder market has been segmented into portable and fixed. The fixed oxygen cylinder segment accounted for the highest market share in 2019 due to cost saving features. The application division has been categorized into respiratory department, emergency room, household, operating room, and others.
Regionally, the medical oxygen cylinder market is segmented into Asia Pacific, North America, Middle East & Africa, Latin America, and Europe. North America will be the leading region during the forecast period. Presence of latest healthcare infrastructure will boost the market growth in this region. Europe will be the second largest market. The major reasons are higher effect of pandemics like COVID-19 and high investment in healthcare sector. Asia Pacific will thrive at speedy rate over the forecast period due to rapid spread of contagious diseases and increasing geriatric population. Latin America market will progress at a noteworthy rate during the estimate period. The Middle Eastern and African countries are expected to experience noticeable growth in the projected time-frame.
The report also includes detailed profiles of key players such as TECNO-GAZ, AirGenics, Allied Healthcare Products, FARUM, Attucho, ROYAX, Atlas Copco, Air Products, Airgas Inc, and Praxair Inc. among others.
This report segments the Global Medical Oxygen Cylinder Market as follows:
Global Medical Oxygen Cylinder Market: By Type
Global Medical Oxygen Cylinder Market: By Application
Global Medical Oxygen Cylinder Market: By Region
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