The global demand for Portable Oxygen Cylinder Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Tons in 2021 and forecast to touch XX Tons by 2028 with a CAGR of XX% during 2022-2028.
Portable oxygen cylinders are mainly used to deliver oxygen to the patients. These cylinders are considered more secure, simple to use, and cost-effective. A portable oxygen cylinder is a tempered steel container that is used to keep oxygen at high pressure. Oxygen cylinders are usually used for medical or diagnostic purposes. It contains oxygen at high pressure or liquid form and is used at times of medical emergency. Oxygen cylinders also come in multiple sizes depending on the usage.
Market Dynamics
The market is mainly driven by numerous factors such as the rising geriatric population, rising number of smokers, and exposure to dust particles. The old-age population is more prone to chronic respiratory diseases. Aging leads to respiratory muscles weakening, which increases the chances of acquiring diseases related to the respiratory system. In addition, dust particles inhalation through exposure to the environment results in bronchitis and trachea, which are expected to drive the market. Further, changing consumer lifestyle, rising adoption of new technologies, and increase in government expenditure on healthcare facilities are other factors contributing to the growth of the market during the forecast period. Currently, as most of the critical cases of COVID-19 require some form of artificial ventilation, demand for oxygen cylinder/canned is witnessing a significant rise.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of portable oxygen cylinder. The growth and trends of Portable Oxygen Cylinder Industry provide a holistic approach to this study.
Market Segmentation
This section of the portable oxygen cylinder market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Products
By Application
- Hospital
- Emergency
- Nursing Home
- Home Care
- Battlefield Rescue
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Portable Oxygen Cylinder market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Portable Oxygen Cylinder Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the portable oxygen cylinder market include Inogen, OXY99, AMS, Linde, The MEL Group, AL-CAN EXPORTS PVT. LTD., Medline, Cramer Decker, Tri-Med, Inc. and APSOLABS. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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