As per the report published by Allied Market Research, the global Medical Oxygen Gas Cylinders Market generated $2.97 billion in 2020, and is expected to reach $5.33 billion by 2030, registering a CAGR of 5.7% from 2021 to 2030.
The global medical oxygen gas cylinders market is experiencing growth propelled by various factors. The rise in population susceptibility to indoor air pollutants, an increase in the population of active smokers, and daily exposure to environmental pollution contribute to market expansion. However, challenges such as the high costs of oxygen cylinders and strict regulatory procedures act as hindrances to market growth. Conversely, there are promising opportunities in developing markets and a growing geriatric population, which are anticipated to benefit market players in the future. Co2 Refill Machine
Request Sample of the Report: https://www.alliedmarketresearch.com/request-sample/12883
The Covid-19 scenario has positively impacted the demand for medical oxygen gas cylinders. The pandemic led to a surge in the need for intensive care, driving the demand for medical oxygen. Governments played a crucial role in ensuring a continuous supply by focusing on import activities and supporting local manufacturers. Oxygen gas treatment became essential for Covid-19 patients and those with chronic health issues, leading to an increased demand for oxygen gas cylinders in medical clinics and home care settings.
The report categorizes the global medical oxygen gas cylinders market based on technology, product, end user, and region. The pulse flow segment is expected to register the highest compound annual growth rate (CAGR) of 6.0% during the forecast period, while the continuous flow segment dominated the market in 2020, holding nearly three-fourths of the market share.
In terms of products, the portable segment is estimated to exhibit the highest CAGR of 6.1% from 2021 to 2030, with the fixed segment dominating the market in 2019, contributing to over two-thirds of the market share.
Geographically, North America led the market in 2019, accounting for around two-fifths of the market share. However, the Asia-Pacific region is projected to register the highest CAGR of 7.6% during the forecast period.
For Purchase Inquiry- https://www.alliedmarketresearch.com/purchase-enquiry/12883
Medical Oxygen Gas Cylinders Market Report Highlights
Other Trending Reports in Life Science Domain-
Advanced Clinical Decision Support Platforms Market https://www.alliedmarketresearch.com/advanced-clinical-decision-support-platforms-market-A13100
Molecular Cytogenetics Market https://www.alliedmarketresearch.com/molecular-cytogenetics-market-A12298
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022,
Web: https://www.alliedmarketresearch.com
PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings. The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings. The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 PHARMIWEB.COM LIMITED, rights reserved by the relevant holders.
You are leaving PharmiWeb.com
Disclaimer: You are now leaving PharmiWeb.com website and are going to a website that is not operated by us. We are not responsible for the content or availability of linked sites.
ABOUT THIRD PARTY LINKS ON OUR SITE
PharmiWeb.com offers links to other third party websites that may be of interest to our website visitors. The links provided in our website are provided solely for your convenience and may assist you in locating other useful information on the Internet. When you click on these links you will leave the PharmiWeb.com website and will be redirected to another site. These sites are not under the control of PharmiWeb.com.
PharmiWeb.com is not responsible for the content of linked third party websites. We are not an agent for these third parties nor do we endorse or guarantee their products. We make no representation or warranty regarding the accuracy of the information contained in the linked sites. We suggest that you always verify the information obtained from linked websites before acting upon this information.
Also, please be aware that the security and privacy policies on these sites may be different than PharmiWeb.com policies, so please read third party privacy and security policies closely.
2kg Co2 Cylinder If you have any questions or concerns about the products and services offered on linked third party websites, please contact the third party directly.