Global Medical Oxygen Market Size, Share and Forecast 2026 | TechSci Research

GLOBAL MEDICAL OXYGEN MARKET

FORECAST & OPPORTUNITIES

2016 – 2026

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

2

Scope of ReportProduct of Interest (POI): Medical Oxygen

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year Range

Oxygen is an odorless gas, which is necessary to maintain life. It is widely used in the medical sector to:• Provide basis for all modern anesthetic techniques• Improve tissue oxygen tension by enhancing oxygen availability in different circumstances such as• Rib fracture and chest wound• Hyperpyrexia, carbon monoxide poisoning, accident and trauma cases• During cardiac arrest and sudden respiratory disorder

Market Segmentation

FORM

• Liquid Oxygen

• Compressed

• Oxygen Concentrators

• Others

APPLICATION

• COPD

• Bronchopulmonary

• Lung Disorder

• Heart Failure

• Asthma

• Cystic Fibrosis

• Others

REGION

• Europe

• North America

• South America

• Middle East & Africa

• Asia PacificPURITY

• 96% to 99.5%

• 93% to 96%

END USER

• Hospitals

• Emergency Medical Centres

• Ambulatory Centres

• Homecare

MODALITY

• Portable Medical

Oxygen Systems

• Standalone Medical

Oxygen Systems

DELIVERY MODE

• Aerial Diffusion

• Direct Inhalation

• Others

technology

• Continuous Flow

• Pulse Dose

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Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Medical Oxygen Market

4. Executive Summary

5. Voice of Customer

6. Global Medical Oxygen Market Outlook, 2016-2026F

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Form (Liquid Oxygen, Compressed, Oxygen Concentrators, Others)

6.2.2. By Purity (96% to 99.5%, 93% to 96%)

6.2.3. By Delivery Mode (Aerial Diffusion, Direct Inhalation, Others)

6.2.4. By Modality (Portable Medical Oxygen Systems v/s Standalone Medical Oxygen Systems)

6.2.5. By Technology (Continuous Flow v/s Pulse Dose)

6.2.6. By Application (COPD, Bronchopulmonary, Lung Disorder, Heart Failure, Asthma, Cystic Fibrosis, Others)

6.2.7. By End User (Hospitals, Ambulatory Centres, Emergency Medical Centres, Home Care)

6.2.8. By Company (2020)

6.2.9. By Region

6.3. Product Market Map

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Table of Contents


7. Asia-Pacific Medical Oxygen Market Outlook, 2016-2026F


7.1.1. By Value


7.2.1. By Form

7.2.2. By Purity

7.2.3. By Delivery Mode

7.2.4. By Modality

7.2.5. By Technology

7.2.6. By Application

7.2.7. By End User

7.2.8. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Medical Oxygen Market Outlook, 2016-2026F

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Form

7.3.1.2.2. By Purity

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Table of Contents


7.3.1.2.3. By Delivery Mode

7.3.1.2.4. By Modality

7.3.1.2.5. By Technology

7.3.1.2.6. By Application

7.3.1.2.7. By End User

7.3.2. India Medical Oxygen Market Outlook, 2016-2026F


7.3.2.1.1. By Value


7.3.2.2.1. By Form







7.3.3. Japan Medical Oxygen Market Outlook, 2016-2026F


7.3.3.1.1. By Value


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Table of Contents


7.3.3.2.1. By Form







7.3.4. South Korea Medical Oxygen Market Outlook, 2016-2026F


7.3.4.1.1. By Value


7.3.4.2.1. By Form







7.3.5. Australia Medical Oxygen Market Outlook, 2016-2026F


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Table of Contents


7.3.5.1.1. By Value


7.3.5.2.1. By Form







8. Europe Medical Oxygen Market Outlook, 2016-2026F


8.1.1. By Value


8.2.1. By Form

8.2.2. By Purity


8.2.4. By Modality



8.2.7. By End User

8.2.8. By Country

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Table of Contents


8.3. Europe: Country Analysis

8.3.1. France Medical Oxygen Market Outlook, 2016-2026F


8.3.1.1.1. By Value


8.3.1.2.1. By Form







8.3.2. Germany Medical Oxygen Market Outlook, 2016-2026F


8.3.2.1.1. By Value


8.3.2.2.1. By Form




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Table of Contents





8.3.3. United Kingdom Medical Oxygen Market Outlook, 2016-2026F


8.3.3.1.1. By Value


8.3.3.2.1. By Form







8.3.4. Italy Medical Oxygen Market Outlook, 2016-2026F


8.3.4.1.1. By Value & Volume


8.3.4.2.1. By Form


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Table of Contents







8.3.5. Spain Medical Oxygen Market Outlook, 2016-2026F


8.3.5.1.1. By Value


8.3.5.2.1. By Form







9. North America Medical Oxygen Market Outlook, 2016-2026F


9.1.1. By Value


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Table of Contents


9.2.1. By Form

9.2.2. By Purity


9.2.4. By Modality



9.2.7. By End User

9.2.8. By Country

9.3. North America: Country Analysis

9.3.1. United States Medical Oxygen Market Outlook, 2016-2026F


9.3.1.1.1. By Value


9.3.1.2.1. By Form







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Table of Contents


9.3.2. Canada Medical Oxygen Market Outlook, 2016-2026F


9.3.2.1.1. By Value


9.3.2.2.1. By Form







9.3.3. Mexico Medical Oxygen Market Outlook, 2016-2026F


9.3.3.1.1. By Value


9.3.3.2.1. By Form







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Table of Contents


10. Middle East & Africa Medical Oxygen Market Outlook, 2016-2026F


10.1.1. By Value


10.2.1. By Form

10.2.2. By Purity


10.2.4. By Modality



10.2.7. By End User

10.2.8. By Country

10.3. Middle East & Africa: Country Analysis

10.3.1. South Africa Medical Oxygen Market Outlook, 2016-2026F


10.3.1.1.1. By Value


10.3.1.2.1. By Form

10.3.1.2.2. By Purity

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Table of Contents






10.3.1.2.7. By End User

10.3.2. Saudi Arabia Medical Oxygen Market Outlook, 2016-2026F


10.3.2.1.1. By Value


10.3.2.2.1. By Form

10.3.2.2.2. By Purity





10.3.2.2.7. By End User

10.3.3. UAE Medical Oxygen Market Outlook, 2016-2026F


10.3.3.1.1. By Value


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Table of Contents


10.3.3.2.1. By Form

10.3.3.2.2. By Purity





10.3.3.2.7. By End User

11. South America Medical Oxygen Market Outlook, 2016-2026F


11.1.1. By Value


11.2.1. By Form

11.2.2. By Purity


11.2.4. By Modality



11.2.7. By End User

11.2.8. By Country

11.3. South America: Country Analysis

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Table of Contents


11.3.1. Brazil Medical Oxygen Market Outlook, 2016-2026F


11.3.1.1.1. By Value & Volume


11.3.1.2.1. By Form

11.3.1.2.2. By Purity





11.3.1.2.7. By End User

11.3.2. Argentina Medical Oxygen Market Outlook, 2016-2026F


11.3.2.1.1. By Value


11.3.2.2.1. By Form

11.3.2.2.2. By Purity





11.3.2.2.7. By End User

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Table of Contents


11.3.3. Colombia Medical Oxygen Market Outlook, 2016-2026F


11.3.3.1.1. By Value


11.3.3.2.1. By Form

11.3.3.2.2. By Purity





11.3.3.2.7. By End User

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competition Landscape

14.1. Competition Outlook

14.2. Global Players Profiled (Leading Companies)

14.2.1. Linde Plc

14.2.2. Air Liquide

14.2.3. Air Products and Chemicals, Inc.

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Table of Contents


14.2.4. Taiyo Nippon Sanso Corporation

14.2.5. Messer Group

14.2.6. Cryofab Inc

14.2.7. Terumo Medical Corporation

14.2.8. Keen Compressed Gas Co

14.2.9. GF Health Products Inc.

14.2.10. Koninklijke Philips N.V.

14.2.11. Invacare Corporation

14.2.12. Goyal MG Gases Private Limited

14.2.13. Ellenbarrie Industrial Gases Limited

14.2.14. Devilbiss Healthcare LLC

14.2.15. Inogen Inc.

14.2.16. O2 Concepts

14.2.17. Teijin Limited

14.2.18. GCE Healthcare

14.2.19. Inova Labs Inc.

14.2.20. Novair Medical

15. Strategic Recommendations

16. About Us & Disclaimer

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global medical oxygen

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global medical oxygen

market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global medical oxygen market. The team has

analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing awareness about

medical oxygen. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to

achieve sustainability in the global medical oxygen market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value & Volume : Market size, in terms of value, for the year 2020 was calculated based on information collected through

exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as medical oxygen manufacturers,

channel partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 medical oxygen manufacturers, 100 – 120 end users, and 15 – 20 industry experts and other value

chain stakeholders in the global medical oxygen market to obtain the overall market size from 2016 to 2020, which was validated by the

Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during

2016-2020.

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• Respondents were asked about the current and future market growth rates, market shares by form, by purity, by delivery mode, by

modality, by technology, by application, by end user, by company and by each region. Removing the outlier responses, the geometric mean

of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue

shares. Revenue shares generated across various type were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by form, by purity, by delivery mode, by modality, by technology, by application, by end user, by company and by each region

were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked

about the market shares or revenue generated from various types of medical oxygen. The final shares were calculated by taking the

geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global

medical oxygen market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It

should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the

United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ Linde Plc▪ Air Liquide▪ Air Products and Chemicals, Inc.▪ Taiyo Nippon Sanso Corporation▪ Messer Group▪ Cryofab Inc▪ Terumo Medical Corporation▪ Keen Compressed Gas Co▪ GF Health Products Inc.▪ Koninklijke Philips N.V.▪ Invacare Corporation▪ Goyal MG Gases Private Limited▪ Ellenbarrie Industrial Gases Limited▪ Devilbiss Healthcare LLC▪ Inogen Inc.▪ O2 Concepts▪ Teijin Limited▪ GCE Healthcare▪ Inova Labs Inc.▪ Novair Medical

▪ World Bank▪ International Monetary Fund (IMF)▪ TechSci Research Proprietary Database & Knowledge

Repository▪ Company Annual Reports ▪ Industry Magazines▪ Industry Reports▪ News Dailies▪ Credible Paid Databases

24

Industry Brief

According to TechSci report on, “India Medical Oxygen Market By Product Type (Oxygen Cylinder v/s Oxygen Cans) By Modality

(Stationary v/s Mobile) By Application (COPD, Lung Disorders, Cardiac Disorders, COVID-19, Others) By End User (Hospitals &

Clinics, Home Care, Others) By Region, Competition Forecast & Opportunities, FY2027”, India medical oxygen market has shown

promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to

FY2027. India medical oxygen market owes its growth to the factors like growing need for medical oxygen for the treatment of the

patients suffering from the chronic diseases, respiratory diseases, cardiovascular diseases etc. Also, rising pollution in the country is

causing population to develop and suffer from various breathing disorders. The poor quality of the air is causing all sorts of lung

problem in the country’s population. Moreover, application of oxygen in the healthcare industry, increase demand for portable oxygen

for homecare, and the increasing instances of COVID-19 is driving the growth of the India medical oxygen market, in the upcoming

five years.

Medical oxygen is the compressed form of liquid oxygen that is concentrated by compressing, filtering, and purification processes.

The liquid oxygen maintained at -182 and is transported and stored in cans and cylinders. Oxygen gas manufacturers are adopting

advanced manufacturing technologies to increase production and meet delivery challenges. Customized multi-train air separation

projects can present a number of design and delivery challenges, particularly in remote locations. Also, the manufacturers are

incorporating internet of things (IoT) technologies to connect equipment and smart devices to garner real time insights of the patients’

condition.

India medical oxygen market segmentations is based on product type, modality, application, end user, competitional landscape, and

regional distribution. Based on modality, the market is further bifurcated into stationary and mobile system. Stationary systems are

expected to hold the largest share of the market owing to the increasing number of the patients in the hospitals and surge in the

demand of the excellent healthcare facility. Although mobile models are expected to hold the fastest growth due to the rapidly rising

cases of COVID-19 patients in the country.

Based on application, the market is further sub-segmented into COPD, Lung Disorders, Cardiac Disorders, COVID-19, Others.

COVID-19 cases are multiplying at a rampant rate and the number of patients are doubling in the current year, FY2022 and thereby

supporting the exponential growth of the India medical oxygen market.

Some of the top players in the India Medical Oxygen Market are, Philips India Limited, Wipro GE Healthcare Pvt. Ltd., Siemens

Healthineers India, Canon India Pvt. Ltd., Shimadzu Medical (India) Pvt. Ltd., Trivitron Healthcare Pvt. Ltd., India Medtronic Pvt Ltd,

Hitachi India Pvt. Ltd., Sanrad Medical Systems Private Limited, Accuray Medical Equipment India Pvt. Ltd, among others. The

companies are involving themselves into research and development for more advanced medical devices. Medical oxygen are in

demand owing to the sudden surge in the need of the healthcare industry. New players entering the market may form partnerships

with other players or the end users of the industry for a consistent inflow of the product.

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Sample Data - Snapshot

Global Medical Oxygen Market Size, By Value (USD Million), 2016–2026F

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2016 2020 2021E 2026F

By Value (USD Million)

CAGR By Value

XX%CAGR By Value

YY%

30%30%30%30%30%30%30%30%30%30%30%

40%40%40%40%40%40%40%40%40%40%40%

20%20%20%20%20%20%20%20%20%20%20%

10%10%10%10%10%10%10%10%10%10%10%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Liquid Oxygen Compressed Oxygen Concentrators Others

Asia-Pacific Medical Oxygen Market Share, By Form, By Value, 2016–2026F

40%40%40%40%40%40%40%40%40%40%40%

30%30%30%30%30%30%30%30%30%30%30%

30%30%30%30%30%30%30%30%30%30%30%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Aerial Diffusion Direct Inhalation Others

India Medical Oxygen Market Share, By Delivery Mode, By Value, 2016–2026F

26

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FORECAST & OPPORTUNITIES2016 – 2026

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number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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Global Medical Oxygen Market Size, Share and Forecast 2026 | TechSci Research