Increasing prevalence of chronic diseases is driving the growth of India Medical Oxygen Market, FY2017-FY2027.
According to TechSci report on, “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 has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. India medical oxygen market owes its growth to the factors like growing need for medical oxygen for the treatment of the patients suffering from the chronic diseases, respiratory diseases, cardiovascular diseases etc. Also, rising pollution in the country is causing population to develop and suffer from various breathing disorders. The poor quality of the air is causing all sorts of lung problem in the country’s population. Moreover, application of oxygen in the healthcare industry, increase demand for portable oxygen for homecare, and the increasing instances of COVID-19 is driving the growth of the India medical oxygen market, in the upcoming five years.
Medical oxygen is the compressed form of liquid oxygen that is concentrated by compressing, filtering, and purification processes. The liquid oxygen maintained at -182 and is transported and stored in cans and cylinders. Oxygen gas manufacturers are adopting advanced manufacturing technologies to increase production and meet delivery challenges. Customized multi-train air separation projects can present several design and delivery challenges, particularly in remote locations. Also, the manufacturers are incorporating internet of things (IoT) technologies to connect equipment and smart devices to garner real time insights of the patients’ condition.
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India medical oxygen market segmentations is based on product type, modality, application, end user, competitional landscape, and regional distribution. Based on modality, the market is further bifurcated into stationary and mobile system. Stationary systems are expected to hold the largest share of the market owing to the increasing number of the patients in the hospitals and surge in the demand of the excellent healthcare facility. Although mobile models are expected to hold the fastest growth due to the rapidly rising cases of COVID-19 patients in the country.
Based on application, the market is further sub-segmented into COPD, Lung Disorders, Cardiac Disorders, COVID-19, Others. COVID-19 cases are multiplying at a rampant rate and the number of patients are doubling in the current year, FY2022 and thereby supporting the exponential growth of the India medical oxygen market.
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.
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“Medical Oxygen are one of the most important treatment procedures that are widely used across for treating various chronic diseases like cardiovascular diseases, respiratory diseases, pulmonary disorders, etc. that are prevalent in the country. Market players are constantly researching and developing the technologically advanced methods to provide more efficient, ways of storing, and supplying the medical oxygen that gives efficient methods of oxygen support to the patients that are struggling of the target and chronic diseases. Government support toward the research and development is also one of the major drivers of the market. New players can focus on the investments and on the market launches of the technologically advanced products,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“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” has evaluated the future growth potential of India Medical Oxygen market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Medical Oxygen market.
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