Oxygen Cylinders and Concentrators Market Is Moving Towards With Tremendous Growth By 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-16
  • share
  • Twitter
  • Facebook
  • LinkedIn

Oxygen Cylinders and Concentrators Market Is Moving Towards With Tremendous Growth By 2025

The oxygen cylinders and concentrators market is projected to record tremendous growth on account of rising elderly population base that is mostly prone to chronic respiratory diseases like asthma, pulmonary, and COPD. Increasing exposure to smoke and dust particles generated by manufacturing processes could heighten the risk of contracting respiratory diseases by plant workers.

Growing inclination towards unhealthy smoking habits could increase the chances of contracting respiratory disorders, consequently driving the requirement for oxygen cylinders for treating these disorders. Apart from hospitals, these cylinders and concentrators are used in a series of adventure sports like mountaineering and scuba diving. These sports heavily rely on oxygen cylinders.

Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/2097

Rising adoption of oxygen cylinders supported by a wide range of applications in medical institutes could boost the demand for O2 cylinders and concentrators across healthcare facilities. Back in 2018, the hospital segment controlled almost 47.1% of the overall market revenue share, and is anticipated to maintain steady growth over the predicted period. Whereas, the manufacturing application segment is expected to hold a CAGR of 9.1% by 2025.

Healthcare applications segment had marked a substantial revenue share of 47.1% in 2018 and is expected to observe similar growth during the upcoming years. The growth can be attributed to large scale applications in medical sector along with rising demand for oxygen cylinders in hospitals and other healthcare facilities.

Asia Pacific oxygen cylinders and concentrators market is projected to witness appreciable growth over the ensuing years owing to development and expansion of healthcare infrastructure in the region. Enormous developments in healthcare sectors of China and India will fuel the demand for oxygen cylinders and concentrators to a great extent.

Prominent business players operating in the oxygen cylinders and concentrators market such as Inogen and O2 Concepts, Philips Respironics, Nidek Medical, Drive DeVilbiss Healthcare, Teijin, Inova Labs and Invacare are inclined on implementing effective business strategies such as new product development, mergers and acquisitions to gain a competitive edge in the market.

Request for customization @ https://www.decresearch.com/roc/2097

Partial Chapter of the Table of Content

Chapter 4.     Oxygen Cylinders and Concentrators Market, By Product

4.1. Key segment trends, by product

4.2. Portable

4.2.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

4.3. Fixed

4.3.1.  Market estimates and forecast, by region, 2014 - 2025 (USD Million)

Chapter 5.     Oxygen Cylinders and Concentrators Market, By Application

5.1. Key segment trends, by application

5.2. Healthcare

5.2.1. Market estimates and forecast, by region, 2014 - 2025 (USD Million)

5.3. Pharmaceutical & Biotechnology

5.3.1.  Market estimates and forecast, by region, 2014 - 2025 (USD Million)

5.4. Manufacturing

5.4.1.  Market estimates and forecast, by region, 2014 - 2025 (USD Million)

5.5. Aerospace & Automotive

5.5.1.  Market estimates and forecast, by region, 2014 - 2025 (USD Million)

5.6. Others

5.6.1.  Oxygen Cylinders and Concentrators Market estimates and forecast, by region, 2014 - 2025 (USD Million)

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/oxygen-cylinders-and-concentrators-market

 

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More>>

More News By Ronak Bora

RF Components Market share 2021 - Industry Growth Analysis to 2027
RF Components Market share 2021 - Industry Growth Analysis to 2027
By Ronak Bora

A detailed analysis of the RF components market is entailed in this research report. The driving for...

Flexible Display Market Size 2021 - Industry Trends Report to 2027
Flexible Display Market Size 2021 - Industry Trends Report to 2027
By Ronak Bora

An inherent blend of vital market definitions, the flexible display market report comprises details ...

Digital BSS Market Size 2021 | Global Industry Statistics Analysis 2027
Digital BSS Market Size 2021 | Global Industry Statistics Analysis 2027
By Ronak Bora

A detailed synopsis of the digital BSS market has been presented in this research report. The synops...