The market for medical oxygen was estimated at USD 890.0 million in 2021, and it is anticipated to reach around USD 5,000.0 million in 2030 row at a CAGR of 7.5% over the following years. The growing number of active smokers and a substantial increase in vulnerability to indoor pollutants. Similarly, an increase in daily exposure to environmental pollution as well as rising geriatric population and associated issues is further accountable for driving the medical oxygen market.
Medical professionals frequently employ medical oxygen gas cylinders for therapeutic and diagnostic purposes. In homecare settings, medical oxygen gas systems like oxygen concentrators and compressed oxygen gas cylinders are widely used. Older patients who have mobility issues and need a consistent oxygen supply typically choose these systems.
Medical oxygen gas cylinders are often used by healthcare practitioners for therapeutic and diagnostic purposes. Medical oxygen gas systems, such as oxygen concentrators and compressed oxygen gas cylinders, are typically favoured by older patients who have mobility limitations and need a steady supply of oxygen. These systems are utilised extensively in homecare settings.
Key Companies Insights
Key players are focusing on their technological partnerships, collaborations, and merger & acquisitions strategies to gain a competitive edge and expand their product portfolio & business footmark. The Covid-19 pandemic hindered the healthcare infrastructure across the world and driven the market players to enhance their products for unexploited opportunities.
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Some of the key players operating in the global medical oxygen market include:
Some of the Recent Developments:
Segments
By Form
By Delivery Mode
By Application
By End User
By Geography
o U.S.
o Canada
o Mexico
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
o Brazil
o Argentina
o Colombia
o South Africa
o Saudi Arabia
o UAE
o Egypt
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Key Questions Answered in This Report:
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