Oxygen Cylinders and Concentrators Market Highlights

• Global oxygen cylinders and concentrators market revenue is poised to garner USD 7.3 billion by 2032 with a CAGR of 5.3% from 2024 to 2032
• North America oxygen cylinders and concentrators market value occupied around USD 1.7 billion in 2023
• Asia-Pacific oxygen cylinders and concentrators market growth will record a CAGR of more than 6% from 2024 to 2032
• Among product, the fixed sub-segment generated USD 3 billion revenue in 2023
• Based on application, the healthcare sub-segment generated 85% oxygen cylinders and concentrators market share in 2023
• Rising environmental focus on reducing cylinder waste through sustainable alternatives is a popular oxygen cylinders and concentrators market trend that fuels the industry demand

Oxygen cylinders and concentrators are vital medical devices that provide supplemental oxygen to those with respiratory problems or who require higher oxygen levels. Oxygen cylinders are pressurized containers for storing medical-grade oxygen gas. They are frequently used in hospitals, emergency vehicles, and as home oxygen therapy. The oxygen is released by a regulator and supplied to the patient via a mask or nasal cannula.

Oxygen concentrators, on the other hand, are electronic devices that extract oxygen from ambient air. They remove other gases and provide a focused oxygen delivery to the patient. Concentrators are commonly employed in long-term home oxygen therapy because they provide a consistent supply of oxygen without the need for frequent cylinder refills. They are also more portable than cylinders, which makes them ideal for people who require oxygen on the go.

Global Oxygen Cylinders and Concentrators Market Dynamics

Market Drivers

• Rising prevalence of respiratory diseases such as COPD and asthma
• Increasing aging population requiring long-term oxygen therapy
• Technological advancements in portable oxygen concentrators
• Growing home healthcare adoption due to patient comfort

Market Restraints

• High cost of advanced oxygen concentrators
• Limited reimbursement policies in developing regions
• Difficulty in regular cylinder refilling logistics in remote areas

Market Opportunities

• Expansion of telemedicine integration with oxygen delivery devices
• Growing demand for lightweight, portable concentrators for active lifestyles
• Increasing healthcare infrastructure investments in emerging markets

Oxygen Cylinders and Concentrators Market Report Coverage

Oxygen Cylinders and Concentrators Market Insights

The increase in the number of adventure sports and the rise in the number of patients suffering from the respiratory disorder is the major driving forcesthat surge the demand for oxygen cylinders & concentrators. Also, the increase in the number of stringent government regulationsrelated to the oxygen cylinders and the rise in the number of smokers are the factors boosting the growth of global oxygen cylinders & concentrators market across the globe. However, the lack of availability of portable devices in the developing nationscan be one of the restraining factors hampering the growth of the global oxygen cylinders & concentrators market.

The rise in technological advancements has transformed the industry verticals as the manufacturing and healthcare sector are making efficient use of oxygen cylinders and concentrators owing to the increase in chronic diseases as well as the increase in manufacturing facilities. Benefits of portable oxygen cylinders & concentrators over the fixed one will have a positive impact on the overall oxygen cylinders & concentrators market. Also, the advancement in technology is rapidly gaining traction that is estimated to create growth opportunities for the key manufacturers in the global oxygen cylinders & concentrators market.

Oxygen Cylinders and Concentrators Market Segmentation

The worldwide market for oxygen cylinders and concentrators is split based on product, application, and geography.

Oxygen Cylinders and Concentrators Market By Products

• Portable
• Fixed

According to oxygen cylinders and concentrators industry analysis, the fixed category earns the most revenue since it is widely used in hospitals, clinics, and home care settings. Fixed oxygen concentrators are stationary devices that supply patients with steady oxygen flow, making them excellent for long-term oxygen therapy (LTOT) in the treatment of chronic respiratory disorders such as COPD, emphysema, and pulmonary fibrosis. These devices have higher oxygen production capacity than portable counterparts, increasing their utility in critical care conditions.

Hospitals and healthcare organizations favor permanent oxygen concentrators because they can provide continuous oxygen flow to several patients at the same time. The growing number of patients requiring oxygen therapy, particularly with the rise in respiratory disorders and an aging population, drives up demand for permanent equipment. Furthermore, their lower cost when compared to portable units and oxygen cylinders encourages their use in healthcare facilities.

Additionally, fixed oxygen concentrators aid the home healthcare segment since they provide a dependable solution for patients who require oxygen therapy throughout the day. The devices are long-lasting, require little maintenance, and provide more efficient oxygen supply, all of which contribute to the strong income creation in this market.

Oxygen Cylinders and Concentrators Market By Applications

• Manufacturing
• Healthcare
• Aerospace & Automotive
• Pharmaceutical & Biotechnology
• Others

As per the oxygen cylinders and concentrators market forecast, the healthcare industry dominates the market throughout 2024 to 2032, owing to the rising prevalence of respiratory disorders such as COPD, asthma, and sleep apnea. As oxygen therapy becomes a more important treatment for these disorders, the need for oxygen cylinders and concentrators in healthcare institutions such as hospitals, clinics, and long-term care homes has increased. Healthcare providers rely on these devices to supply patients with life-sustaining oxygen therapy, ensuring that blood oxygen levels remain steady during both short-term and long-term therapies.

A crucial reason contributing to the healthcare segment's domination is the growing desire for home-based oxygen therapy, which allows patients with chronic respiratory ailments to better control their conditions at home. The epidemic has expedited the transition toward home healthcare, with many patients receiving oxygen outside of hospital settings.

Furthermore, governments and healthcare institutions are expanding their investments in medical equipment to improve patient care, particularly in areas with high respiratory illness burdens. The demand for continuous oxygen supply for critical care patients has increased the use of oxygen concentrators and cylinders in healthcare institutions. With a growing emphasis on patient care and long-term therapy, the healthcare sector remains a substantial income source in the industry.

Oxygen Cylinders and Concentrators Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Oxygen Cylinders and Concentrators Market Regional Analysis

In terms of oxygen cylinders and concentrators market analysis, the North America region is expected to hold a major share of the global industry due to the presence of the huge number of geriatric population in the U.S. These factors expected to drive the demand of oxygen cylinders & concentrators market in the North America region.

The also, Asia Pacific region is expected to grow at a rapid pace in oxygen cylinders and concentrators market forecast period owing to the huge patient pool suffering from respiratory disorders and asthma in developing countries such as India. The presence of improved and portable oxygen cylinder & concentrators is increasing the demand for overall oxygen cylinders & concentrators for various application across industries. These factors are driving the growth of the global oxygen cylinders & concentrators market.

Oxygen Cylinders and Concentrators Market Players

Some of the top oxygen cylinders and concentrators companies offered in our report includes Philips Healthcare, SysMed, Precision Medical, Teijin Pharma, Shenyang Canta, OxyGo, LLC., Chart Industries, ResMed, Yuyue Medical, and Vygon.