Portable Liquid Oxygen Tank Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 8.5% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The Portable Liquid Oxygen Tank Market was valued at USD 2.8 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The increasing demand for oxygen therapy, particularly among the aging population and patients with respiratory diseases, is a primary factor driving market growth. Additionally, the growing adoption of portable liquid oxygen tanks in emergency services and healthcare settings is fueling market expansion. The market is expected to reach a value of approximately USD 4.3 billion by the end of 2030, driven by advancements in tank technology and improved healthcare infrastructure globally.
Regionally, North America holds the largest share of the Portable Liquid Oxygen Tank Market, with a market size of USD 1.1 billion in 2022, accounting for approximately 40% of the global market share. This is due to high healthcare expenditure, increased awareness of oxygen therapy, and well established healthcare facilities. Europe and Asia Pacific are also significant contributors to market growth, with Europe holding a market value of USD 800 million, while the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period. Factors such as improving healthcare infrastructure, rising elderly populations, and a growing number of patients with respiratory disorders in these regions present substantial growth opportunities.
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Air Liquide Healthcare
Inogen
Invacare
Philips Respironics
Chart (Airsep)
Essex Industries
PCI Gases
Air Products
Baywater Healthcare
Linde Healthcare
Northwest Respiratory Services
Kingston Oxygen
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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. 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 Portable Liquid Oxygen Tank Market
Portable Liquid Oxygen Tank
Liquid Oxygen Cylinder
Liquid Oxygen Concentrator
Accessory Equipment (Transfill systems, valves, and regulators)
Aluminum
Stainless Steel
Composite Materials
Healthcare Sector
Hospitals
Home Care
Ambulance Services
Aerospace Sector
Industrial Applications
Online Sales
Offline Sales
Medical Supply Stores
Pharmacies
Specialized Equipment Retailers
Small Capacity (up to 10 liters)
Medium Capacity (10-20 liters)
Large Capacity (above 20 liters)
US (United States, US 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 Portable Liquid Oxygen Tank 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 Portable Liquid Oxygen Tank Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Portable Liquid Oxygen Tank Market, By Type
6. Global Portable Liquid Oxygen Tank Market, By Application
7. Global Portable Liquid Oxygen Tank Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Portable Liquid Oxygen Tank Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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