Oxygen Cylinders, Concentrators Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2032
Overview
The Oxygen Cylinders, Concentrators Market size was valued at USD 5.25 Billion in 2024 and the total Oxygen Cylinders, Concentrators revenue is expected to grow at a CAGR of 5.15% from 2025 to 2032, reaching nearly USD 7.85 Billion.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Oxygen Cylinders, Concentrators Market is poised to witness robust growth over the forecast period. Increasing geriatric population base will serve as a high impact rendering factor. The elderly population is at a greater risk of acquiring respiratory disorders such as COPD. Aging leads to a decline in the effectiveness of the defense mechanism of the lung along with the weakening of respiratory muscles. Moreover, there is a decrease in peak airflow and the maximum amount of air that can be breathed out after a maximum inhalation.A rising number of smokers and growing exposure to dust particles will further fuel business growth. Cigarette smoke releases chemicals which are absorbed by lungs leading to tissue and cell damage. Inhalation of dust particles and their consequent settling in the airways may lead to inflammation of the trachea or bronchitis. These factors increase the risk of acquiring respiratory diseases.
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Healthcare segment of Oxygen Cylinders, Concentrators Market accounted for the largest revenue share in 2024 owing to the substantial number of patients’ dependent on oxygen. Increasing incidence of respiratory disorders such as COPD, asthma will fuel industry growth over the forecast years. Oxygen concentrators are used to deliver supplementary oxygen to individuals suffering from COPD, chronic hypoxemia, and pulmonary enema. They are also used in adjunct treatment for severe sleep apnoea. Moreover, oxygen is also required during surgery and intensive care treatment. The increasing number of accidents and fatalities requiring immediate hospitalization and operation along with the rising number of surgeries should further propel demand.
North America Oxygen Cylinders, Concentrators Market accounted for the highest revenue in 2024 and is projected to grow at a significant rate during the forecast period. U.S. oxygen cylinders and concentrators market held over 85% of regional revenue share in 2024. An increasing prevalence of respiratory diseases and early diagnosis of these diseases will drive business growth. Presence of developed healthcare infrastructure and growing per capita income of the patients will further stimulate industry expansion.
Maximize Market Research has comprehensively analyzed Oxygen Cylinders, Concentrators Market emphasizing on each segment keeping global and regional dynamics in perspective. The driving forces, as well as considerable restraints, have been explained in depth to attain a balanced scenario. The report classifies Oxygen Cylinders, Concentrators Market into various segments such as Products, Applications, and Regions providing a thorough understanding of the Oxygen Cylinders and Concentrators Ecosystem. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Oxygen Cylinders, Concentrators Market.
The objective of the report is to present comprehensive Oxygen Cylinders, Concentrators Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Oxygen Cylinders, Concentrators Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Oxygen Cylinders, Concentrators Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Oxygen Cylinders, Concentrators Market North America for Asia Pacific make the report investor’s guide.
Oxygen Cylinders, Concentrators Market Scope: Inquire before buying
| Global Oxygen Cylinders, Concentrators Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2024 | Forecast Period: | 2025-2032 |
| Historical Data: | 2019 to 2024 | Market Size in 2024: | USD 5.25 Bn. |
| Forecast Period 2025 to 2032 CAGR: | 5.15% | Market Size in 2032: | USD 7.85 Bn. |
| Segments Covered: | by Product | Portable Fixed |
|
| by Application | Healthcare Pharmaceutical & Biotechnology Manufacturing Aerospace & Automotive Others |
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Oxygen Cylinders, Concentrators Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Oxygen Cylinders, Concentrators Market, Key Players are:
1. Chart Industries
2. Inogen, Invacare
3. Koninklijke Philips N.V.
4. Catalina Cylinders
5. Air Liquide
6. MeBer
7. HERSILL
8. Tecno Gaz
9. Cramer Decker
10. Cramer Decker
11. Invacare
12. DeVilbiss Healthcare LLC
13. Nidek Medical Products, Inc.
14. O2 Concepts
15. Teijin Limited
16. Royax
17. Jiuxin Medical Technology Co., Ltd.
18. Vygon
19. OSI Systems
20. Smith’s Medical
21. Becton, Dickinson and Company
22. Drägerwerk AG & Co. KGaA
23. Teleflex Incorporated
24. Fisher & Paykel Healthcare Corporation Limited
25. Taiyo Nippon Sanso Corporation
Frequently Asked Questions:
1. Which region has the largest share in Global Oxygen Cylinders, Concentrators Market?
Ans: North America region holds the highest share in 2024.
2. What is the growth rate of Global market?
Ans: The Global market is growing at a CAGR of 5.15% during forecasting period 2025-2032.
3. What is scope of the Global market report?
Ans: Global Oxygen Cylinders, Concentrators Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global market?
Ans: The important key players in the Global market are – Chart Industries, Inogen, Invacare, Koninklijke Philips N.V., Catalina Cylinders, Air Liquide, MeBer, HERSILL, Tecno Gaz, Cramer Decker, Cramer Decker, Invacare, DeVilbiss Healthcare LLC, Nidek Medical Products, Inc., O2 Concepts, Teijin Limited, Royax, Jiuxin Medical Technology Co., Ltd., Vygon, OSI Systems, Smith’s Medical, Becton, Dickinson and Company, Drägerwerk AG & Co. KGaA, Teleflex Incorporated, Fisher & Paykel Healthcare Corporation Limited, and Taiyo Nippon Sanso Corporation
5. What was the Global Oxygen Cylinders, Concentrators Market size in 2024?
Ans: The Global Oxygen Cylinders, Concentrators Market size was USD 5.25 Billion in 2024.