The Global Market for Medical Grade Oxygen Estimated at USD 8.98 Billion In the Year 2022, Is Projected To Reach A Revised Size Of USD 16.02 Billion By 2030, Growing At A CAGR Of 7.5% Over The Forecast Period 2023-2030.

Medical oxygen is high-purity oxygen that has been developed for use in the human body and is used for medical treatments. To prevent contamination, medical oxygen cylinders contain only pure oxygen gas and no other gases are permitted in the cylinder. Medical oxygen is produced by the air-liquefaction process, the International Pharmacopoeia, defines the requirements of medical-use oxygen. Currently, oxygen must contain not less than 99.5% v/v of O2. There are three types of low-flow oxygen delivery systems to consider a compressed oxygen cylinder, liquid oxygen, and oxygen concentrators. Patients with chronic respiratory diseases (CRDs) such as COPD require oxygen supplementation to ease breathing, which can greatly improve life quality.

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The Report Will Include A Major Chapter

·         Patent Analysis

·         Regulatory Framework

·         Technology Roadmap

·         BCG Matrix

·         Heat Map Analysis

·         Price Trend Analysis

·         Investment Analysis

Market Dynamics and Factors:  

The dynamics of the medical grade oxygen market are shaped by various factors. Global health events, technological advancements, regulatory changes, and the rise of home healthcare influence supply and demand. The market is also affected by healthcare expenditure trends, market consolidation, awareness campaigns, and challenges in the supply chain. Additionally, considerations for environmental sustainability and competitive dynamics play a role in shaping the evolving landscape of the medical grade oxygen market. It is crucial for stakeholders to stay informed about these dynamic factors to navigate the industry effectively.

Scope of the Report:

The latest report on the Medical Grade Oxygen Market provides a detailed analysis of the market for the years 2023 to 2030. It presents a comprehensive overview of the global Medical Grade Oxygen Market industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Medical Grade Oxygen Market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.

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Top Key Players Covered In TheMedical Grade Oxygen Market:

Medtronic(Ireland),DeVilbiss Healthcare LLC (U.S.),Messer Group GmbH (Germany),Philips Healthcare (Netherlands),Invacare Corporation (U.S.),Air Products (U.S.),Linde PLC (Ireland),Gulf Cryo Saudi for Industrial & Medical Gases (U.A.E.),Nidek Medical (India),Terumo Medical Corporation (Japan),OrientMEd International (U.A.E.),Jacko Gases Company (Saudi Arabia) and Other Major Players.

Key Industry Development:

In February 2020, Air Products Qudra, in collaboration with the Royal Commission for Jubail and Yanbu, held a ceremonial groundbreaking to mark the start of work in building a world-class, fully-integrated industrial gases hub in the Jubail Industrial City

In September 2020, Drive DeVilbiss Healthcare announced a collaboration with Amazon Business to market the INTELLIPAP® Bilevel ST. The BiLevel S/T device is intended to provide non-invasive ventilatory support to patients with respiratory disorders such as chronic obstructive pulmonary disease (COPD), respiratory insufficiency and obstructive sleep apnea (OSA). These devices are used in the hospital or at home.

Faster Payment Service (FPS) Market Segmentation:

By Product Type

·         Compressed gas systems

·         Portable oxygen concentrator systems (POCs)

·         Liquid oxygen systems

By Delivery type

·         Oxygen Delivery In Oxygen Concentrators

·         Continuous Flow Dose Deliver

·         Pulse Mode Delivery

By Indication

·         Stationary Oxygen Concentrators

·         Portable Oxygen Concentrators

By End User

·         General and Specialized Hospitals

·         Emergency Transports

·         Outpatient Units

·         Others

For this report, Introspective Market Research has segmented theMedical Grade Oxygen Market based on region:

§  North America (U.S., Canada, Mexico)

§  Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

§  Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

§  Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

§  Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

§  South America (Brazil, Argentina, Rest of SA)

Covid-19 Impact Analysis on Medical Grade Oxygen Market:

Throughout the COVID-19 scenario, there has been a noticeable increase in the market for oxygen cylinders and concentrators. People from both advanced and developing nations have chronic respiratory diseases, which has led to a significant increase in the need for medical oxygen. The need for oxygen supplementation surged dramatically during the epidemic, which in turn raised the demand for medical oxygen cylinders. To meet the need for oxygen cylinders and concentrators, governments in growing economies, particularly India, have established new oxygen facilities. Key market players have been encouraged to create new and improved technologies as a result of a rise in demand for medical oxygen cylinders, which is expected to fuel market expansion.

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