Us Medical Oxygen Concentrators and Cylinders Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Medical Oxygen Concentrators and Cylinders Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.8 Billion by 2030, growing at a CAGR of 9.1% from 2024 to 2030.
US Medical Oxygen Concentrators and Cylinders Market: Navigating Growth Amidst Rising Respiratory Health Challenges
The United States is witnessing a significant surge in the demand for medical oxygen concentrators and cylinders, driven by an increasing prevalence of respiratory disorders and a growing preference for home-based oxygen therapy. In 2023, the North American oxygen concentrators market was valued at approximately USD 1.3 billion and is projected to reach USD 1.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4%.
Several factors contribute to this upward trend:
Rising Respiratory Disorders: Chronic respiratory diseases, such as Chronic Obstructive Pulmonary Disease (COPD) and asthma, are on the rise. This increase necessitates reliable oxygen delivery systems, bolstering the market for both concentrators and cylinders.
Technological Advancements: Innovations in oxygen therapy devices have led to the development of portable and user-friendly concentrators, enhancing patient mobility and compliance.
Home-Based Care Preference: There's a growing shift towards home healthcare solutions, offering patients comfort and reducing hospital visits. This trend has amplified the demand for home-use oxygen concentrators and cylinders.
In my experience working with patients requiring long-term oxygen therapy, the transition from traditional oxygen cylinders to advanced portable concentrators has been transformative. Patients often express appreciation for the increased mobility and independence that modern devices provide, allowing them to maintain a better quality of life.
However, challenges persist. The high cost of advanced oxygen concentrators can be a barrier for many patients. Additionally, ensuring a consistent supply of medical-grade oxygen, especially during health crises, remains a critical concern. Addressing these issues requires collaborative efforts from healthcare providers, manufacturers, and policymakers to make oxygen therapy more accessible and affordable.
In conclusion, the US medical oxygen concentrators and cylinders market is poised for substantial growth, driven by health trends and technological innovations. Stakeholders must focus on affordability and supply chain resilience to meet the evolving needs of patients effectively.
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Inogen
NGK Spark Plug
Yuyue Medical
Invacare
Teijin Pharma
Philips
Linde
DeVilbiss Healthcare
ResMed
O2 Concepts
Air Water Group
Omron
SysMed
Oxygen Plus
Boost Oxygen
Catalina Cylinders
Luxfer Gas Cylinders
VitalAire
CAIRE (AirSep)
Beijing Shenlu
Nidek Medical
Shenyang Canta
GF Health Products
Precision Medical
Daikin
Longfei Group
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Medical Oxygen Concentrators and Cylinders Market
Oxygen Concentrators
Oxygen Cylinders
Hospitals and Clinics
Home Care Settings
Long-Term Care Facilities
Ambulatory Surgical Centers
Continuous Flow Oxygen Concentrators
Pulsed Dose Oxygen Concentrators
Portable Oxygen Concentrators
Stationary Oxygen Concentrators
Direct Sales
Online Sales
Retail Sales
Third-Party Distributors
Chronic Obstructive Pulmonary Disease (COPD)
Asthma
Pneumonia
COVID-19 Treatment
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Medical Oxygen Concentrators and Cylinders Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Medical Oxygen Concentrators and Cylinders Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medical Oxygen Concentrators and Cylinders Market, By Type
6. Global Medical Oxygen Concentrators and Cylinders Market, By Application
7. Global Medical Oxygen Concentrators and Cylinders Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Medical Oxygen Concentrators and Cylinders Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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