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Medical Oxygen Gas Cylinders Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Medical Oxygen Gas Cylinders Market Size & CAGR
The global medical oxygen gas cylinders market is expected to have a growth rate of 5.25% CAGR from 2021 to 2028. The market size is anticipated to reach USD 5.6 billion by the end of 2028.
COVID-19 Impact on the Medical Oxygen Gas Cylinders Market
The COVID-19 pandemic has significantly impacted the medical oxygen gas cylinders market. With the surge in cases globally, the demand for medical oxygen has skyrocketed, leading to a shortage of cylinders in many regions. Governments and healthcare facilities have been working tirelessly to secure an adequate supply of oxygen cylinders to treat COVID-19 patients.
Medical Oxygen Gas Cylinders Dynamics
The dynamics of the medical oxygen gas cylinders market are driven by factors such as the growing prevalence of respiratory diseases, increasing aging population, and the rise in surgical procedures requiring oxygen therapy. Additionally, technological advancements in the manufacturing of lightweight and portable cylinders are boosting market growth.
Segments and Related Analysis
The medical oxygen gas cylinders market is segmented based on product type, material, end-user, and region. The key segments include steel cylinders, aluminum cylinders, hospitals, clinics, and home healthcare. In-depth analysis of these segments provides insights into the market landscape.
By Region Analysis
The medical oxygen gas cylinders market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has its unique market dynamics and growth opportunities, influencing the overall market outlook.
Key Market Players and Competitive Landscape
Prominent players in the medical oxygen gas cylinders market include Linde plc, Air Liquide, Luxfer Holdings PLC, Worthington Industries, and Catalina Cylinders. These players are actively engaged in product development, strategic partnerships, and mergers to strengthen their market position.
Recent Happenings in the Medical Oxygen Gas Cylinders Market
In recent developments, Linde plc announced the launch of a new range of lightweight oxygen cylinders for enhanced portability. Air Liquide unveiled a collaboration with healthcare providers to ensure a steady supply of medical oxygen during the COVID-19 crisis. These strategic moves indicate the dynamic nature of the market.
