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Oxygen Cylinder and Concentrator Market, by Product

RA00030

Oxygen Cylinder and Concentrator Market, by Product (Portable, Fixed), End-Use (Healthcare, Pharmaceutical & Biotechnology, Manufacturing, Aerospace & Automotive): Global Opportunity Analysis and Industry Forecast, 2019-2026

RA00030

Pages: 140

Jan 2020

Global Market Overview 2026:

The oxygen cylinder and concentrator market was $ 2,592.0 million in 2018 and is anticipated to surpass $ 5,052.1 million by the end of 2026, at a CAGR of 8.7%.

An oxygen concentrator is an instrument, which is used to deliver oxygen to a patient who have low level of oxygen in blood. These concentrators and cylinders are considered as a highly secure, more stable, and simple to use which take air from room and compress the oxygen. Liquid and compressed are major type of oxygen concentrators, which are currently used in the market.

Market Drivers of Oxygen Cylinder and Concentrator:

Rising demand from healthcare, manufacturing and production industries are giving significant boost to the growth of Global Oxygen Cylinder and Concentrator Market

Owing to the rise in number of patients suffering for respiratory related problems and rise in the number of adventure sports. The market is mainly driven by medical and healthcare sector, due to rise in the usage of oxygen cylinders and oxygen concentrators. These concentrators are majorly preferred by the consumers for treating respiratory problems such as COPD, asthma, emphysema and bronchitis, these are common problem in aged people. Increasing oxygen cylinder consumption in manufacturing industry is another factor, which is driving the growth of oxygen cylinder and concentrator market. This is because oxygen is used in various application, for instance in welding, frame cutting, in blast furnace to make steel and oxidation process.

Market Restraints:

Availability of oxygen cylinders and concentrators price are restraining the growth of Oxygen Cylinder and Concentrator Market

The global oxygen cylinder and concentrator is restrained by price volatility of oxygen concentrators. In addition to this, improper handling of oxygen cylinders may cause serious injuries, the availability of oxygen cylinders will also impact the market growth.

Investment Opportunities in Oxygen Cylinder and Concentrator Market:

Increasing respiratory problems and demands for adventure sports will provide significant investment opportunities for the growth of Oxygen Cylinder and Concentrator Market

Increasing the number of smokers and exposure to dust particles will further fuel the market growth. Tobacco smoke contains harmful chemicals that are absorbed by lungs that cause serious health issues. This is majorly due to inhalation of dust particles and their accumulation in the lungs, it leads to stroke, aortic aneurysm and tissue damage. Further it may cause irregular heartbeats and inflammation of bronchitis. Government initiative to control air pollution will also be a major factor supporting this growth opportunity. Beside respiratory issues, increasing demands for adventure sports for example scuba diving and trekking will further fuel growth of the market.

Oxygen Cylinder and Concentrator Market, by Product

Portable Oxygen Concentrator segment is predicted to be most lucrative till the end of 2026

Oxygen Cylinder and Concentrator Market, by Product

Source: Research Analysis

The portable oxygen concentrator has dominated the market and registered for $1,507.6 million in 2018 and continues its dominance in coming years, this because of its user friendly handling and mobility. Rising demands from healthcare sector and residential places are enhancing the growth of the market. The market for portable concentrator is anticipated to reach $2,875.5 million during forecast period. Along with portable concentrator, fixed concentrator is accounted for $1,084.4 million in 2018, and it is expected to reach $2,176.6 million by 2026.

Oxygen Cylinder and Concentrator Market, by End-Use

Healthcare segment is will grow at a CAGR of 8.4% during the projected period

Oxygen Cylinder and Concentrator Market, by End-Use

Source: Research Analysis

The global oxygen cylinder and concentrator market for healthcare segment generated a revenue of $1,231.3 million in 2018, and it is anticipated to reach $2,347.5 million, this is majorly due to the number of patient’s dependent on oxygen. The market for manufacturing industry was $545.7 million, and it is anticipated to reach $1,152.8 million by 2026, owing to increase in demand for oxygen cylinder. Additionally, Pharmaceutical and biotechnology is expected to reach $917.5 in the coming years. In pharmaceutical & biotechnology sector, oxygen is regularly use in bio-reactors and fermenters.

Regional growth forecast of Oxygen Cylinder and Concentrator Market:

Asia Pacific region will have enormous opportunities for the market investors to grow over the coming years

Asia-Pacific Oxygen Cylinder and Concentrator Market growth forecast:

Asia Pacific market anticipated to reach $1,475.2 million by 2026, increasing from $724.2 million in 2018, owing to the increasing demands form healthcare and pharmaceutical & biotechnology in this region. Over the forecast period, the China market is estimated to experience robust growth. The increased production of steel and cement industries and the burning of coal in factories have worsened air quality and created respiratory problems, this can be eliminated by treating polluted air with the help oxygen concentrators to maintain the oxygen percentage. This will drive the oxygen cylinder and concentrator market size in Asia Pacific.

North America Oxygen Cylinder and Concentrator Market Growth Forecast:

The global oxygen cylinder and concentrator market is dominated by North America region, accounted for a large market share of 45% and generated a revenue of $1,154.4 million in 2018. Increasing aged population and frequently occurrence of respiratory issues shall drive the growth of the market. Presence of the number of oxygen cylinder and concentrator players in this region is additional growth factor for the market.

Leading participants in Global Oxygen Cylinder and Concentrator Market:

Product development and joint ventures are the most common strategies followed by the market players

Leading participants in Global Oxygen Cylinder and Concentrator Market

Source: Research Dive Analysis

Top oxygen cylinder and concentrator market players include Koninklijke Philips N.V. (Philips Healthcare), NIDEK Medical Product, Inc., Invacare Corporation, Chart Industries (AirSep), De Vilbiss Healthcare (Drive DeVilbiss Healthcare), Inogen Inc., Inova Labs Inc. (ResMed), Worthington Industries, O2 Concepts, and Teijin Limited Company among many others.

The companies operating in this market are continuously increasing their investments on new product advancement, as it will help to increase their position in the market. Recent developments by DeVilbiss Healthcare include a product launch of “DeVilbiss iFill® personal oxygen station”, for the regions North America and Asia-Pacific in order to capture a higher oxygen cylinder and concentrator market share.

Scope of The Research Report:

Aspect

Particulars

   Historical Market Estimations

   2016-2018

   Base Year for Market Estimation

   2018

   Forecast timeline for Market Projection

   2019-2026

   Geographical Scope

   North America, Europe, Asia-Pacific, LAMEA

   Segmentation by Product

  • Portable
  • Fixed

   Segmentation by End-Use

  • Healthcare
  • Pharmaceutical & Biotechnology
  • Manufacturing
  • Aerospace & Automotive
  • Others

   Key Countries covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

   Key Companies Profiled

  1. Chart Industries (AirSep)
  2. O2 Concepts
  3. NIDEK Medical Products, Inc.
  4. DeVilbiss Healthcare (Drive DeVilbiss Healthcare)
  5. Inogen Inc.
  6. Invacare Corporation
  7. Worthington Industries
  8. Inova Labs Inc. (ResMed)
  9. Koninklijke Philips N.V. (Philips Healthcare) 
  10. Teijin Limited Company

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. The global Oxygen Cylinder and Concentrator Market size was over $2,592.0 million in 2018, and is further anticipated to reach $ 5,052.1 million by 2026.

A. Chart Industries (AirSep), O2 Concepts, Invacare Corporation, Koninklijke Philips N.V. (Philips Healthcare) and Teijin Limited Company are some of the key players in the global aerospace maintenance chemical market.

A. Asia Pacific possess great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Asia Pacific Oxygen Cylinder and Concentrator Market is projected to grow at 9.3% CAGR during the forecast period.

A. Product development, and joint ventures are the key strategies opted by the operating companies in this market.

A. Teijin Limited Company and DeVilbiss Healthcare (Drive DeVilbiss Healthcare) are investing more on R&D activities for developing new products and technologies.

1.    Research Methodology

1.1.    Desk Research
1.2.    Real time insights and validation
1.3.    Forecast model
1.4.    Assumptions and forecast parameters

1.4.1.    Assumptions
1.4.2.    Forecast parameters

1.5.    Data sources

1.5.1.    Primary
1.5.2.    Secondary

2.    Executive Summary

2.1.    360° summary
2.2.    Product trends
2.3.    End-use trends

3.    Market overview

3.1.    Market segmentation & definitions
3.2.    key takeaways

3.2.1.    Top investment pockets
3.2.2.    Top winning strategies

3.3.    Porter’s five forces analysis

3.3.1.    Bargaining power of consumers
3.3.2.    Bargaining power of suppliers
3.3.3.    Threat of new entrants
3.3.4.    Threat of substitutes
3.3.5.    Competitive rivalry in the market

3.4.    Market dynamics

3.4.1.    Drivers
3.4.2.    Restraints
3.4.3.    Opportunities

3.5.    Technology landscape
3.6.    Regulatory landscape
3.7.    Patent landscape
3.8.    Pricing overview

3.8.1.    By product
3.8.2.    By end-use
3.8.3.    By region

3.9.    Market value chain analysis

3.9.1.    Stress point analysis
3.9.2.    Distribution channel analysis
3.9.3.    Operating vendors

3.9.3.1.    Raw material suppliers
3.9.3.2.    Product manufacturers
3.9.3.3.    Product distributors

3.10.    Strategic overview

4.    Oxygen Cylinders and Concentrators Market, by Product

4.1.    Portable

4.1.1.    Market size and forecast, by region, 2016-2028
4.1.2.    Comparative market share analysis, 2018 & 2028

4.2.    Fixed

4.2.1.    Market size and forecast, by region, 2016-2028
4.2.2.    Comparative market share analysis, 2018 & 2028

5.    Oxygen Cylinders and Concentrators Market, by End-use

5.1.    Healthcare

5.1.1.    Market size and forecast, by region, 2016-2028
5.1.2.    Comparative market share analysis, 2018 & 2028

5.2.    Pharmaceutical & Biotechnology

5.2.1.    Market size and forecast, by region, 2016-2028
5.2.2.    Comparative market share analysis, 2018 & 2028

5.3.    Manufacturing

5.3.1.    Market size and forecast, by region, 2016-2028
5.3.2.    Comparative market share analysis, 2018 & 2028

5.4.    Aerospace & Automotive

5.4.1.    Market size and forecast, by region, 2016-2028
5.4.2.    Comparative market share analysis, 2018 & 2028

5.5.    Others

5.5.1.    Market size and forecast, by region, 2016-2028
5.5.2.    Comparative market share analysis, 2018 & 2028

6.    Oxygen Cylinders and Concentrators Market, by Region

6.1.    North America

6.1.1.    Market size and forecast, by product, 2016-2028
6.1.2.    Market size and forecast, by end-use, 2016-2028
6.1.3.    Market size and forecast, by country, 2016-2028
6.1.4.    Comparative market share analysis, 2018 & 2028

6.1.5.    U.S.

6.1.5.1.    Market size and forecast, by product, 2016-2028
6.1.5.2.    Market size and forecast, by end-use, 2016-2028
6.1.5.3.    Comparative market share analysis, 2018 & 2028

6.1.6.    Canada

6.1.6.1.    Market size and forecast, by product, 2016-2028
6.1.6.2.    Market size and forecast, by end-use, 2016-2028
6.1.6.3.    Comparative market share analysis, 2018 & 2028

6.1.7.    Mexico

6.1.7.1.    Market size and forecast, by product, 2016-2028
6.1.7.2.    Market size and forecast, by end-use, 2016-2028
6.1.7.3.    Comparative market share analysis, 2018 & 2028

6.2.    Europe

6.2.1.    Market size and forecast, by product, 2016-2028
6.2.2.    Market size and forecast, by end-use, 2016-2028
6.2.3.    Market size and forecast, by country, 2016-2028
6.2.4.    Comparative market share analysis, 2018 & 2028

6.2.5.    UK

6.2.5.1.    Market size and forecast, by product, 2016-2028
6.2.5.2.    Market size and forecast, by end-use, 2016-2028

6.2.5.3.    Comparative market share analysis, 2018 & 2028

6.2.6.    Germany

6.2.6.1.    Market size and forecast, by product, 2016-2028
6.2.6.2.    Market size and forecast, by end-use, 2016-2028
6.2.6.3.    Comparative market share analysis, 2018 & 2028

6.2.7.    France

6.2.7.1.    Market size and forecast, by product, 2016-2028
6.2.7.2.    Market size and forecast, by end-use, 2016-2028
6.2.7.3.    Comparative market share analysis, 2018 & 2028

6.2.8.    Spain

6.2.8.1.    Market size and forecast, by product, 2016-2028
6.2.8.2.    Market size and forecast, by end-use, 2016-2028
6.2.8.3.    Comparative market share analysis, 2018 & 2028

6.2.9.    Italy

6.2.9.1.    Market size and forecast, by product, 2016-2028
6.2.9.2.    Market size and forecast, by end-use, 2016-2028
6.2.9.3.    Comparative market share analysis, 2018 & 2028

6.2.10.    Rest of Europe

6.2.10.1.    Market size and forecast, by product, 2016-2028
6.2.10.2.    Market size and forecast, by end-use, 2016-2028
6.2.10.3.    Comparative market share analysis, 2018 & 2028 

6.3.    Asia Pacific

6.3.1.    Market size and forecast, by product, 2016-2028
6.3.2.    Market size and forecast, by end-use, 2016-2028
6.3.3.    Market size and forecast, by country, 2016-2028
6.3.4.    Comparative market share analysis, 2018 & 2028

6.3.5.    China

6.3.5.1.    Market size and forecast, by product, 2016-2028
6.3.5.2.    Market size and forecast, by end-use, 2016-2028

6.3.5.3.    Comparative market share analysis, 2018 & 2028

6.3.6.    Japan

6.3.6.1.    Market size and forecast, by product, 2016-2028
6.3.6.2.    Market size and forecast, by end-use, 2016-2028
6.3.6.3.    Comparative market share analysis, 2018 & 2028

6.3.7.    India

6.3.7.1.    Market size and forecast, by product, 2016-2028
6.3.7.2.    Market size and forecast, by end-use, 2016-2028
6.3.7.3.    Comparative market share analysis, 2018 & 2028

6.3.8.    Australia

6.3.8.1.    Market size and forecast, by product, 2016-2028
6.3.8.2.    Market size and forecast, by end-use, 2016-2028
6.3.8.3.    Comparative market share analysis, 2018 & 2028

6.3.9.    South Korea

6.3.9.1.    Market size and forecast, by product, 2016-2028
6.3.9.2.    Market size and forecast, by end-use, 2016-2028
6.3.9.3.    Comparative market share analysis, 2018 & 2028

6.3.10.    Rest of Asia Pacific

6.3.10.1.    Market size and forecast, by product, 2016-2028
6.3.10.2.    Market size and forecast, by end-use, 2016-2028
6.3.10.3.    Comparative market share analysis, 2018 & 2028

6.4.    LAMEA

6.4.1.    Market size and forecast, by product, 2016-2028
6.4.2.    Market size and forecast, by end-use, 2016-2028
6.4.3.    Market size and forecast, by country, 2016-2028
6.4.4.    Comparative market share analysis, 2018 & 2028

6.4.5.    Brazil

6.4.5.1.    Market size and forecast, by product, 2016-2028
6.4.5.2.    Market size and forecast, by end-use, 2016-2028
6.4.5.3.    Comparative market share analysis, 2018 & 2028

6.4.6.    Saudi Arabia

6.4.6.1.    Market size and forecast, by product, 2016-2028
6.4.6.2.    Market size and forecast, by end-use, 2016-2028
6.4.6.3.    Comparative market share analysis, 2018 & 2028

6.4.7.    South Africa

6.4.7.1.    Market size and forecast, by product, 2016-2028
6.4.7.2.    Market size and forecast, by end-use, 2016-2028
6.4.7.3.    Comparative market share analysis, 2018 & 2028

6.4.8.    Rest of LAMEA

6.4.8.1.    Market size and forecast, by product, 2016-2028
6.4.8.2.    Market size and forecast, by end-use, 2016-2028
6.4.8.3.    Comparative market share analysis, 2018 & 2028

7.    Company profiles

7.1.    Chart Industries (AirSep)

7.1.1.    Business overview
7.1.2.    Financial performance
7.1.3.    Product portfolio
7.1.4.    Recent strategic moves & developments
7.1.5.    SWOT analysis

7.2.    DeVilbiss Healthcare (Drive DeVilbiss Healthcare)

7.2.1.    Business overview
7.2.2.    Financial performance
7.2.3.    Product portfolio
7.2.4.    Recent strategic moves & developments
7.2.5.    SWOT analysis

7.3.    Inogen Inc.

7.3.1.    Business overview
7.3.2.    Financial performance
7.3.3.    Product portfolio
7.3.4.    Recent strategic moves & developments
7.3.5.    SWOT analysis

7.4.    Inova Labs Inc. (ResMed)

7.4.1.    Business overview
7.4.2.    Financial performance
7.4.3.    Product portfolio
7.4.4.    Recent strategic moves & developments
7.4.5.    SWOT analysis

7.5.    Invacare Corporation

7.5.1.    Business overview
7.5.2.    Financial performance
7.5.3.    Product portfolio
7.5.4.    Recent strategic moves & developments
7.5.5.    SWOT analysis

7.6.    NIDEK Medical Products, Inc.

7.6.1.    Business overview
7.6.2.    Financial performance
7.6.3.    Product portfolio
7.6.4.    Recent strategic moves & developments
7.6.5.    SWOT analysis

7.7.    O2 Concepts

7.7.1.    Business overview
7.7.2.    Financial performance
7.7.3.    Product portfolio
7.7.4.    Recent strategic moves & developments
7.7.5.    SWOT analysis

7.8.    Koninklijke Philips N.V. (Philips Healthcare)

7.8.1.    Business overview
7.8.2.    Financial performance
7.8.3.    Product portfolio
7.8.4.    Recent strategic moves & developments
7.8.5.    SWOT analysis

7.9.    Worthington Industries

7.9.1.    Business overview
7.9.2.    Financial performance
7.9.3.    Product portfolio
7.9.4.    Recent strategic moves & developments
7.9.5.    SWOT analysis

7.10.    Teijin Limited

7.10.1.    Business overview
7.10.2.    Financial performance
7.10.3.    Product portfolio
7.10.4.    Recent strategic moves & developments
7.10.5.    SWOT analysis

Global warming is an alarming threat to the Earth’s atmosphere. Not just the atmosphere, now it has also started affecting the health of people suffering with chronic disorders like respiratory issues including asthma, emphysema, bronchitis, and COPD which are a common problem in elderly people. These diseases are enforcing a huge health burden all across the world. Increasing air and water pollution owing to climate change are the main causes of both respiratory infections and growth of chronic respiratory diseases.

Oxygen therapy as a solution

To tackle the respiratory issues of people, the medical and pharmaceutical industry has come up with oxygen therapies to enable patients to get sufficient oxygen into their bodies on their own. Oxygen cylinders and oxygen concentrators are medical devices that offer oxygen therapy. Both of these devices deliver oxygen to patients who have problem in their normal breathing functions. However, both have different ways of delivering oxygen.

An oxygen cylinder comes with a fixed amount of oxygen compressed within it and can be inhaled by the patient until it runs out. Whereas, an oxygen concentrator is similar to an air conditioner—it takes in air, modifies it, and delivers it in a new form. An oxygen concentrator is a device that is used to deliver oxygen to a person who have low level of oxygen in the blood. These concentrators and cylinders are considered as a highly stable, secure, and easy to use devices which take air from the atmosphere and compresses the oxygen. Liquid and compressed are two main forms of oxygen concentrators, which are at present used in the market.

Rising demand for oxygen cylinders and concentrators

Increase in the number of patients suffering from respiratory issues, growing number of smokers, and exposure to dust particles are causing severe lung disorders. Hence, nowadays, many hospitals and clinics are in need of large quantities of oxygen cylinders and concentrators for treating respiratory problems.

On the other hand, growing usage of oxygen cylinders in the manufacturing companies is another factor, which is boosting the demand for oxygen cylinder and concentrator all across the world. This is mainly because oxygen is profoundly used in several application areas, for example, in frame cutting, welding, and also in blast furnace to make steel and oxidation process.

Apart from this, the demand for oxygen cylinder and oxygen concentrator devices from the aerospace and automotive sectors is also increasing. These devices play the role of an oxygen supplier in case of emergency situations in pressurized aircrafts that are certified to operate above 25,000'.

Market players to enter in a race to be at the forefront

Considering the growing demand for oxygen cylinder and concentrator devices several companies are now investing in the oxygen cylinder and concentrator market. CAIRE, an oxygen supply producer located in Georgia, has introduced an innovative FreeStyle® Comfort® portable oxygen concentrator equipped with autoSAT® technology. AutoSAT is a verified self-adjusting, registered clinical feature which ensures consistency of the device in terms of delivery of oxygen bolus—as the user’s respiratory rate keeps on changing throughout his/her daily activities.

Barry Hassett, the Vice-President of Global Marking at CAIRE stated that the FreeStyle Comfort is sure to turn out as an essential part for home care suppliers that deliver oxygen cylinders and concentrators to their patients, and also build a successful retail sales program all across the globe. The growing improvements in this newly invented device will definitely accomplish the company’s goal of bringing convenient and clinically effective oxygen therapy devices for people who are suffering from Chronic Obstructive Pulmonary disorder. The new device is quite comfortable to use because of its unique ergonomic structure. Also, the device meets FAA rules for usage in commercial aircrafts and provides wireless connectivity to CAIRE’s telehealth solution, CAIREview.

Apart from CAIRE, there are several other companies contributing the growth of the oxygen cylinders and concentrators industry. The companies operating in this market are continuously increasing their investments in new product developments in order to hold a leading position in the market. Some of these companies include NIDEK Medical Product, Inc., Invacare Corporation, Koninklijke Philips N.V. (Philips Healthcare), Chart Industries (AirSep), Inogen Inc., De Vilbiss Healthcare (Drive DeVilbiss Healthcare), Inova Labs Inc. (ResMed), Worthington Industries, O2 Concepts, Teijin Limited Company and many more.

Among these, DeVilbiss Healthcare, a global leader in the design, manufacture, and marketing of respiratory medical products has redesigned and reintroduced one of its products called DeVilbiss iFill® personal oxygen station for the North America and Asia-Pacific regions. This product was invented in 2015 with an aim to grab hold of a major share of the oxygen cylinder and concentrator industry.

The product is developed to supply pressurized oxygen which is used to fill oxygen cylinders for patients’ ambulatory use. The device can supply approximately 93% oxygen which can be used in homes, nursing homes, and patient care services. It ensures patients safety and helps them to fill portable cylinders more conveniently in their own homes. This product also allows healthcare suppliers to implement a non-delivery or limited delivery business model and serve more patients without the need to invest in additional staff or expensive services.

Future of the oxygen cylinders and concentrators sector

The market for oxygen cylinders and concentrators is on the verge of reaching heights in the near future. This can be backed by the statistics offered by a research report by Research Dive. The report states that the oxygen cylinder and concentrator market is expected to generate a revenue of $5,052.1 million by the end of 2026 and grow at a CAGR of 8.7% from 2019 to 2026. Nowadays, government is actively taking initiatives for controlling air pollution which can bring in several opportunities for oxygen cylinders and concentrators manufacturers to grow their business. Apart from this, the growing popularity of adventure sports such as scuba diving and trekking are expected to further fuel the growth of the oxygen cylinders and concentrators market in the near future.

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