Medical professionals frequently employ oxygen gas cylinders for therapeutic and diagnostic purposes. In home care settings, medical oxygen gas systems are commonly utilized by elderly patients who require a steady supply of oxygen to meet their physical and mental health requirements. Certain common chronic medical conditions, like emphysema, call for more oxygen or oxygen therapy. A wide variety of oxygen systems are employed to provide patients precisely the right amount of oxygen. High purity oxygen intended for human consumption is known as medical oxygen gas, and it is utilized in clinical treatments.
According to SPER market research, ‘Medical Oxygen Gas Cylinder Market Size- By Product Type, By Technology, By End User -Regional Outlook, Competitive Strategies and Segment Forecast to 2033 state that the Global Medical Oxygen Gas Cylinder Market is predicted to reach USD 6.24 billion by 2033 with a CAGR of 5.6%.
The availability of pure oxygen for use in medical equipment and cylinder construction is the main driver propelling the worldwide market for medical oxygen concentrators and oxygen cylinders. The main factors driving the growth of the medical oxygen concentrator and oxygen cylinder market globally are the rise in respiratory disorders brought on by illness and the growing public consciousness of the importance of personal healthcare. Another factor contributing to the market’s expansion is the lack of battery requirement for oxygen cylinders.
Healthcare practitioners and individuals have difficulties due to the initial cost of cylinder purchases and the ongoing expenses related to maintenance and refilling. Other oxygen delivery methods, such as liquid oxygen systems and oxygen concentrators, might be preferable in some circumstances than conventional oxygen cylinders. These substitutes are user-friendly and convenient, which may reduce the need for cylinders in particular situations.
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In addition, the global COVID-19 case prevalence is on the rise, and the number of chronic illness cases is increasing, which is supporting the market expansion. With the global COVID-19 epidemic, governments around the world placed a high premium on utilizing medical infrastructure to its fullest potential. In addition, extra care is taken in the import and domestic production of medical oxygen gas in order to guarantee a continuous supply to the COVID-19 hospitals that the local government has designated. As a result, oxygen gas cylinders are needed to meet the growing demand from healthcare facilities, home care settings, and several other sources. Medical oxygen gas cylinders come in different sizes depending on what’s needed. Patients with chronic health issues are treated with oxygen gas therapy in hospitals to increase their energy, sleep, and overall quality of life.
Geographically, Asia-Pacific, Europe accounted for the largest revenue share due to its superior and effective performance. The growth of the medical oxygen gas cylinders market and the emergence of significant companies in the Middle East and Africa markets are also contributing to the expansion. Furthermore, it is projected that the market’s power will improve and operations with the least complex procedures will benefit from the growing acceptance of the medical oxygen gas cylinders market . In addition, B.N.O.S. Meditech Ltd, Catalina Cylinders, Desco Medical India, Invacare Corporation, Luxfer Gas Cylinders, Medical Depot, Others
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Medical Gas Cylinders Market Outlook
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