Executive Summary
Azoth Analytics has released a research report titled "Global Oxygen Cylinders and Concentrators Market (2024 Edition)" which provides a complete analysis of the Global Oxygen Cylinders and Concentrators industry in terms of market segmentation By Product (Portable, Fixed), By Application (Healthcare, Manufacturing, Pharmaceutical & Biotechnology, Others) for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030.
The report analyses the Oxygen Cylinders and Concentrators Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, United Kingdom, Germany, France, Italy, China, Japan, Australia, India). The Global Oxygen Cylinders and Concentrators market showcased growth at a CAGR of 5.87% during 2020-2023. The market was valued at USD 3.85 Billion in 2023 which is expected to reach USD 5.91 Billion in 2030. The Oxygen Cylinders and Concentrators Market is expected to continue growing as the global population ages and the prevalence of respiratory diseases increases, driving the need for effective oxygen therapy solutions.
According to Institute for Health Metrics and Evaluation (IHME), In 2019, chronic respiratory diseases were the third-leading cause of death, responsible for 4.0 million deaths with a prevalence of 454.6 million cases globally. The rising incidence of respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea is a significant driving force behind the demand for oxygen therapy devices. As the global population ages and environmental factors contribute to respiratory health issues, the need for oxygen Cylinders and Concentrators continues to grow.
The United States and China are by far the two largest spenders, with R&D spending of around 680 billion U.S. dollars and 550 billion U.S. dollars respectively in 2023. The United States, in particular, is a major contributor to global R&D expenditure in the healthcare sectors. The region is home to numerous healthcare companies with substantial R&D budgets. Also, China has been increasing its R&D investments in the healthcare sector. Australia, Japan, and Singapore also have a growing presence in healthcare with notable R&D activities.
Technological advancements in portable oxygen Cylinders and Concentrators have transformed respiratory care, offering greater convenience, mobility, and usability for patients. One significant advancement is the miniaturization of components, enabling the development of smaller and more lightweight portable oxygen devices. This miniaturization allows patients to carry their oxygen therapy equipment with them wherever they go, whether it's traveling, running errands, or participating in social activities.
Innovations in oxygen delivery systems, such as nasal cannulas and masks, have improved comfort and efficiency for patients. Soft, lightweight materials and adjustable designs ensure a better fit and reduce skin irritation, enhancing patient compliance with oxygen therapy.
The incorporation of data analytics and predictive algorithms enables healthcare providers to identify trends, predict complications, and optimize therapy parameters to enhance patient safety and treatment efficacy. Smart sensors and feedback systems provide real-time alerts on patient vital signs and device performance, enabling proactive intervention and troubleshooting. Wireless connectivity and cloud integration facilitate secure data transmission and collaboration among healthcare teams, ensuring continuity of care and patient safety.
Moreover, user-friendly interfaces and intuitive controls have made oxygen therapy devices easier to operate, reducing the likelihood of errors and improving overall user experience. With the advent of Internet of Things (IoT) connectivity, advanced oxygen concentrators can transmit real-time data to healthcare providers, enabling proactive monitoring and timely intervention when necessary. These technological advancements, coupled with enhanced durability and reliability of devices, have significantly improved respiratory care, empowering patients and healthcare providers alike with more effective tools for managing respiratory conditions.
Scope of the Report:
• The report analyses the Oxygen Cylinders and Concentrators Market by Value (USD Million).
• The report analyses the Oxygen Cylinders and Concentrators Market by Epidemiology.
• The report analyses the Oxygen Cylinders and Concentrators Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, United Kingdom, Germany, France, Italy, China, Japan, Australia, India).
• The report presents the analysis of Oxygen Cylinders and Concentrators Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
• The report analyses the Oxygen Cylinders and Concentrators Market by Product (Portable, Fixed).
• The report analyses the Oxygen Cylinders and Concentrators Market by Application (Healthcare, Manufacturing, Pharmaceutical & Biotechnology, Others).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by product & by application.
• Also, the major opportunities, trends, drivers, and challenges of the industry has been analyzed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Inogen, Koninklijke Philips N.V., Invacare, O2 Concepts, OxyGo, Caire Inc., Catalina Cylinders, B.N.O.S. Meditech Ltd., Drive DeVilbiss Healthcare, and Nidek Medical Products Inc.
Table of Content
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Strategic Recommendations
2.1 Focus on portable products for ambulatory surgical centers
2.2 Amplify production in developing countries
3. Global Oxygen Cylinders and Concentrators Market: Historic and Forecast
3.1 Impact Analysis of Macro Economic Factors on Global Oxygen Cylinders and Concentrators Market
3.2 Epidemiology: Global Chronic Disease Prevalence
3.3 Epidemiology: Global Chronic Disease Incidence
3.4 Low and middle income countries with highest daily demand of medical oxygen cylinders
3.5 Global Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
3.6 Degree of Impact of Covid-19 on Oxygen Cylinders and Concentrators Market
3.7 Global Oxygen Cylinders and Concentrators Market Segmentation: By Product
3.7.1 Global Oxygen Cylinders and Concentrators Market, By Product Overview
3.7.2 Global Oxygen Cylinders and Concentrators Market Attractiveness Index, By Product Overview
3.7.3 Global Oxygen Cylinders and Concentrators Market Size, By Portable, By Value, 2020H-2030F (USD Million & CAGR)
3.7.4 Global Oxygen Cylinders and Concentrators Market Size, By Fixed, By Value, 2020H-2030F (USD Million & CAGR)
3.8 Global Oxygen Cylinders and Concentrators Market Segmentation: By Application
3.8.1 Global Oxygen Cylinders and Concentrators Market, By Application Overview
3.8.2 Global Oxygen Cylinders and Concentrators Market Attractiveness Index, By Application Overview
3.8.3 Global Oxygen Cylinders and Concentrators Market Size, By Healthcare, By Value, 2020H-2030F (USD Million & CAGR)
3.8.4 Global Oxygen Cylinders and Concentrators Market Size, By Manufacturing, By Value, 2020H-2030F (USD Million & CAGR)
3.8.5 Global Oxygen Cylinders and Concentrators Market Size, By Pharmaceutical & Biotechnology, By Value, 2020H-2030F (USD Million & CAGR)
3.6.6 Global Oxygen Cylinders and Concentrators Market Size, By Others, By Value, 2020H-2030F (USD Million & CAGR)
4. Global Oxygen Cylinders and Concentrators Market, Region Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas Oxygen Cylinders and Concentrators Market: Historic and Forecast
5.1 Americas Oxygen Cylinders and Concentrators Market: Snapshot
5.2 Americas Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
5.3 Americas Oxygen Cylinders and Concentrators Market: Key Factors
5.4 Americas Oxygen Cylinders and Concentrators Market: Segment Analysis
5.5 Americas Oxygen Cylinders and Concentrators Market Segmentation: By Product
5.5.1 Americas Oxygen Cylinders and Concentrators Market, By Product Overview
5.5.2 Americas Oxygen Cylinders and Concentrators Market Size, By Portable, By Value, 2020H-2030F (USD Million & CAGR)
5.5.3 Americas Oxygen Cylinders and Concentrators Market Size, By Fixed, By Value, 2020H-2030F (USD Million & CAGR)
5.6 Americas Oxygen Cylinders and Concentrators Market Segmentation: By Application
5.6.1 Americas Oxygen Cylinders and Concentrators Market, By Application Overview
5.6.2 Americas Oxygen Cylinders and Concentrators Market Size, By Healthcare, By Value, 2020H-2030F (USD Million & CAGR)
5.6.3 Americas Oxygen Cylinders and Concentrators Market Size, By Manufacturing, By Value, 2020H-2030F (USD Million & CAGR)
5.6.4 Americas Oxygen Cylinders and Concentrators Market Size, By Pharmaceutical & Biotechnology, By Value, 2020H-2030F (USD Million & CAGR)
5.6.5 Americas Oxygen Cylinders and Concentrators Market Size, By Others, By Value, 2020H-2030F (USD Million & CAGR)
5.7 Americas Oxygen Cylinders and Concentrators Market Segmentation: By Country
5.7.1 Americas Oxygen Cylinders and Concentrators Market, By Country Overview
5.7.2 United States Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
5.7.2.1 United States Oxygen Cylinders and Concentrators Market, By Product
5.7.2.2 United States Oxygen Cylinders and Concentrators Market, By Application
5.7.3 Canada Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
5.7.3.1 Canada Oxygen Cylinders and Concentrators Market, By Product
5.7.3.2 Canada Oxygen Cylinders and Concentrators Market, By Application
5.7.4 Rest of Americas Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
5.7.4.1 Rest of Americas Oxygen Cylinders and Concentrators Market, By Product
5.7.4.2 Rest of Americas Oxygen Cylinders and Concentrators Market, By Application
6. Europe Oxygen Cylinders and Concentrators Market: Historic and Forecast
6.1 Europe Oxygen Cylinders and Concentrators Market: Snapshot
6.2 Europe Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
6.3 Europe Oxygen Cylinders and Concentrators Market: Key Factors
6.4 Europe Oxygen Cylinders and Concentrators Market: Segment Analysis
6.5 Europe Oxygen Cylinders and Concentrators Market Segmentation: By Product
6.5.1 Europe Oxygen Cylinders and Concentrators Market, By Product Overview
6.5.2 Europe Oxygen Cylinders and Concentrators Market Size, By Portable, By Value, 2020H-2030F (USD Million & CAGR)
6.5.3 Europe Oxygen Cylinders and Concentrators Market Size, By Fixed, By Value, 2020H-2030F (USD Million & CAGR)
6.6 Europe Oxygen Cylinders and Concentrators Market Segmentation: By Application
6.6.1 Europe Oxygen Cylinders and Concentrators Market, By Application Overview
6.6.2 Europe Oxygen Cylinders and Concentrators Market Size, By Healthcare, By Value, 2020H-2030F (USD Million & CAGR)
6.6.3 Europe Oxygen Cylinders and Concentrators Market Size, By Manufacturing, By Value, 2020H-2030F (USD Million & CAGR)
6.6.4 Europe Oxygen Cylinders and Concentrators Market Size, By Pharmaceutical & Biotechnology, By Value, 2020H-2030F (USD Million & CAGR)
6.6.5 Europe Oxygen Cylinders and Concentrators Market Size, By Others, By Value, 2020H-2030F (USD Million & CAGR)
6.7 Europe Oxygen Cylinders and Concentrators Market Segmentation: By Country
6.7.1 Europe Oxygen Cylinders and Concentrators Market, By Country Overview
6.7.2 United Kingdom Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
6.7.2.1 United Kingdom Oxygen Cylinders and Concentrators Market, By Product
6.7.2.2 United Kingdom Oxygen Cylinders and Concentrators Market, By Application
6.7.3 Germany Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
6.7.3.1 Germany Oxygen Cylinders and Concentrators Market, By Product
6.7.3.2 Germany Oxygen Cylinders and Concentrators Market, By Application
6.7.4 France Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
6.7.4.1 France Oxygen Cylinders and Concentrators Market, By Product
6.7.4.2 France Oxygen Cylinders and Concentrators Market, By Application
6.7.5 Italy Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
6.7.5.1 Italy Oxygen Cylinders and Concentrators Market, By Product
6.7.5.2 Italy Oxygen Cylinders and Concentrators Market, By Application
6.7.6 Rest of Europe Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
6.7.6.1 Rest of Europe Oxygen Cylinders and Concentrators Market, By Product
6.7.6.2 Rest of Europe Oxygen Cylinders and Concentrators Market, By Application
7. Asia Pacific Oxygen Cylinders and Concentrators Market: Historic and Forecast
7.1 Asia Pacific Oxygen Cylinders and Concentrators Market: Snapshot
7.2 Asia Pacific Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.3 Asia Pacific Oxygen Cylinders and Concentrators Market: Key Factors
7.4 Asia Pacific Oxygen Cylinders and Concentrators Market: Segment Analysis
7.5 Asia Pacific Oxygen Cylinders and Concentrators Market Segmentation: By Product
7.5.1 Asia Pacific Oxygen Cylinders and Concentrators Market, By Product Overview
7.5.2 Asia Pacific Oxygen Cylinders and Concentrators Market Size, By Portable, By Value, 2020H-2030F (USD Million & CAGR)
7.5.3 Asia Pacific Oxygen Cylinders and Concentrators Market Size, By Fixed, By Value, 2020H-2030F (USD Million & CAGR)
7.6 Asia Pacific Oxygen Cylinders and Concentrators Market Segmentation: By Application
7.6.1 Asia Pacific Oxygen Cylinders and Concentrators Market, By Application Overview
7.6.2 Asia Pacific Oxygen Cylinders and Concentrators Market Size, By Healthcare, By Value, 2020H-2030F (USD Million & CAGR)
7.6.3 Asia Pacific Oxygen Cylinders and Concentrators Market Size, By Manufacturing, By Value, 2020H-2030F (USD Million & CAGR)
7.6.4 Asia Pacific Oxygen Cylinders and Concentrators Market Size, By Pharmaceutical & Biotechnology, By Value, 2020H-2030F (USD Million & CAGR)
7.6.5 Asia Pacific Oxygen Cylinders and Concentrators Market Size, By Others, By Value, 2020H-2030F (USD Million & CAGR)
7.7 Asia Pacific Oxygen Cylinders and Concentrators Market Segmentation: By Country
7.7.1 Asia Pacific Oxygen Cylinders and Concentrators Market, By Country Overview
7.7.2 China Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.7.2.1 China Oxygen Cylinders and Concentrators Market, By Product
7.7.2.2 China Oxygen Cylinders and Concentrators Market, By Application
7.7.3 Japan Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.7.3.1 Japan Oxygen Cylinders and Concentrators Market, By Product
7.7.3.2 Japan Oxygen Cylinders and Concentrators Market, By Application
7.7.4 Australia Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.7.4.1 Australia Oxygen Cylinders and Concentrators Market, By Product
7.7.4.2 Australia Oxygen Cylinders and Concentrators Market, By Application
7.7.5 India Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.7.5.1 India Oxygen Cylinders and Concentrators Market, By Product
7.7.5.2 India Oxygen Cylinders and Concentrators Market, By Application
7.7.6 Rest of Asia Pacific Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.7.6.1 Rest of Asia Pacific Oxygen Cylinders and Concentrators Market, By Product
7.7.6.2 Rest of Asia Pacific Oxygen Cylinders and Concentrators Market, By Application
8. Middle East and Africa Oxygen Cylinders and Concentrators Market: Historic and Forecast
8.1 Middle East and Africa Oxygen Cylinders and Concentrators Market: Snapshot
8.2 Middle East and Africa Oxygen Cylinders and Concentrators Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
8.3 Middle East and Africa Oxygen Cylinders and Concentrators Market: Key Factors
8.4 Middle East and Africa Oxygen Cylinders and Concentrators Market: Segment Analysis
8.5 Middle East and Africa Oxygen Cylinders and Concentrators Market Segmentation: By Product
8.5.1 Middle East and Africa Oxygen Cylinders and Concentrators Market, By Product Overview
8.5.2 Middle East and Africa Oxygen Cylinders and Concentrators Market Size, By Portable, By Value, 2020H-2030F (USD Million & CAGR)
8.5.3 Middle East and Africa Oxygen Cylinders and Concentrators Market Size, By Fixed, By Value, 2020H-2030F (USD Million & CAGR)
8.6 Middle East and Africa Oxygen Cylinders and Concentrators Market Segmentation: By Application
8.6.1 Middle East and Africa Oxygen Cylinders and Concentrators Market, By Application Overview
8.6.2 Middle East and Africa Oxygen Cylinders and Concentrators Market Size, By Healthcare, By Value, 2020H-2030F (USD Million & CAGR)
8.6.3 Middle East and Africa Oxygen Cylinders and Concentrators Market Size, By Manufacturing, By Value, 2020H-2030F (USD Million & CAGR)
8.6.4 Middle East and Africa Oxygen Cylinders and Concentrators Market Size, By Pharmaceutical & Biotechnology, By Value, 2020H-2030F (USD Million & CAGR)
8.6.5 Middle East and Africa Oxygen Cylinders and Concentrators Market, By Others, By Value, 2020H-2030F (USD Million & CAGR)
9. Market Dynamics
9.1 Impact assessment of Market Dynamics on Global Oxygen Cylinders and Concentrators Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Porter Analysis
11. Competitive Positioning
11.1 Companies' Product Positioning
11.2 Market Share of Leading Companies
11.3 Company Profiling
11.3.1 Inogen
11.3.2 Koninklijke Philips N.V.
11.4.3 Invacare
11.3.4 O2 Concepts
11.3.5 OxyGo
11.3.6 Caire Inc.
11.3.7 Catalina Cylinders
11.3.8 B.N.O.S. Meditech Ltd.
11.3.9 Drive DeVilbiss Healthcare
11.3.10 Nidek Medical Products Inc.
12. About Us and Disclaimer
Executive Summary
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