Download Sample
Add to CartGlobal Oxygen Cylinders and Concentrators Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Portable, and Fixed.By Technology;
Continuous Flow, and Pulse Flow.By Application;
Healthcare, Pharmaceutical & Biotechnology, Manufacturing, Aerospace & Automotive, and Others.By End User;
Hospitals, Clinics, Nursing Homes, Industrial Facilities, and Emergency Services.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Oxygen Cylinders and Concentrators Market (USD Million), 2021 - 2031
In the year 2024, the Global Oxygen Cylinders and Concentrators Market was valued at USD 4,323.97 million. The size of this market is expected to increase to USD 8,057.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.3%.
The global market for oxygen cylinders and concentrators is experiencing significant growth, driven by factors such as the increasing prevalence of respiratory diseases, the aging population, and the rising demand for home healthcare solutions. Oxygen cylinders and concentrators play a crucial role in delivering supplemental oxygen therapy to patients with respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, and pneumonia. As the incidence of these diseases continues to rise, particularly among elderly populations, the demand for oxygen therapy equipment has surged, fueling market expansion worldwide.
Moreover, advancements in technology have led to the development of more portable, efficient, and user-friendly oxygen delivery devices, further driving market growth. Portable oxygen concentrators, in particular, offer patients greater mobility and flexibility by allowing them to receive oxygen therapy while on the go. These devices are especially popular among individuals who lead active lifestyles or wish to maintain their independence while managing their respiratory conditions. Additionally, the COVID-19 pandemic has heightened awareness of the importance of oxygen therapy in treating severe cases of respiratory illness, leading to increased demand for oxygen cylinders and concentrators in both clinical and home settings.
However, the oxygen cylinders and concentrators market also faces challenges such as supply chain disruptions, regulatory hurdles, and pricing pressures. The COVID-19 pandemic exposed vulnerabilities in the global supply chain, leading to shortages of oxygen equipment in some regions and delays in equipment delivery. Furthermore, regulatory requirements vary across countries, posing challenges for manufacturers seeking to enter new markets or expand their product portfolios. Pricing pressures, particularly in developing regions, may also hinder market growth by limiting access to affordable oxygen therapy solutions for patients with limited financial resources. Despite these challenges, the market outlook remains positive, with opportunities for manufacturers to innovate, expand their distribution networks, and collaborate with healthcare providers to meet the growing demand for oxygen therapy worldwide.
Global Oxygen Cylinders and Concentrators Market Recent Developments
-
In July 2023, Emerson, a software and technology firm, launched what it asserts is the first turnkey manifold solution tailored for the healthcare industry. This innovative solution aims to accelerate the time-to-market for products and enhance the designs of respiratory therapy devices.
-
In May 2021, The Tamil Nadu state government announced that companies involved in the mass production of oxygen concentrators, cylinders, and medical oxygen would receive a 30% capital incentive over a two-year period. Such initiatives are expected to enhance market growth in the future.
Segment Analysis
The global oxygen cylinders and concentrators market is segmented by product into portable and fixed units. Portable oxygen cylinders and concentrators are gaining significant traction due to their flexibility and convenience, particularly in homecare settings and emergency situations. These portable devices allow users to carry oxygen with ease, making them highly suitable for patients requiring long-term oxygen therapy. Fixed oxygen units, on the other hand, are typically used in hospitals, clinics, and other healthcare facilities where a constant supply of oxygen is necessary. These systems are often larger and more efficient, providing a reliable source of oxygen in stationary settings.
In terms of technology, the market is divided into continuous flow and pulse flow devices. Continuous flow oxygen concentrators deliver a steady stream of oxygen, making them suitable for patients who require a constant supply. Pulse flow concentrators, however, release oxygen in bursts, only when the patient inhales, which is more efficient and conserves oxygen. Pulse flow technology is gaining popularity due to its energy efficiency, particularly for patients with less severe oxygen needs. Both technologies cater to different needs, with continuous flow being preferred for those with higher oxygen requirements, while pulse flow is ideal for patients who are more mobile and need lower oxygen doses.
The applications of oxygen cylinders and concentrators span across several industries, including healthcare, pharmaceutical and biotechnology, manufacturing, aerospace and automotive, and others. In healthcare, these devices are essential for treating patients with respiratory conditions such as COPD and asthma, as well as during surgeries and other medical procedures. The pharmaceutical and biotechnology industries also utilize oxygen for various applications in research and production. In manufacturing, oxygen is critical for processes like welding and metal cutting, while in aerospace and automotive, it is used in life support systems and high-altitude applications. The diverse applications of these products are driving the market growth in multiple sectors.
Geographically, the market is spread across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America and Europe dominate the market, driven by well-established healthcare systems and a high demand for advanced medical devices. The Asia Pacific region, however, is expected to witness the highest growth due to an expanding healthcare infrastructure and increasing awareness of oxygen therapy in emerging economies. The Middle East and Africa, along with Latin America, present untapped opportunities for market expansion as the demand for medical devices rises alongside improvements in healthcare access. The market's growth is influenced by regional factors such as government policies, healthcare expenditure, and technological advancements.
Global Oxygen Cylinders and Concentrators Segment Analysis
In this report, the Global Oxygen Cylinders and Concentrators Market has been segmented by Product, Technology, Application, End User and Geography.
Global Oxygen Cylinders and Concentrators Market, Segmentation by Product
The Global Oxygen Cylinders and Concentrators Market has been segmented by Product into Portable and Fixed.
The segmentation of the global oxygen cylinders and concentrators market by product into portable and fixed categories reflects the diverse needs and preferences of both healthcare providers and patients. Portable oxygen cylinders and concentrators offer patients greater mobility and flexibility, allowing them to receive oxygen therapy while on the move. These devices are particularly beneficial for individuals with respiratory conditions who lead active lifestyles or require oxygen therapy during travel. The convenience and portability of these products have driven their adoption among patients seeking independence and flexibility in managing their respiratory health.
In contrast, fixed oxygen cylinders and concentrators are designed for use in clinical settings or as part of home oxygen therapy setups. These devices provide a reliable and continuous source of oxygen for patients who require long-term oxygen therapy or who have severe respiratory conditions that necessitate round-the-clock oxygen support. Fixed oxygen systems are typically larger and more powerful than their portable counterparts, making them suitable for use in stationary environments such as hospitals, clinics, and long-term care facilities. The segmentation of the market into portable and fixed products allows manufacturers to tailor their offerings to the specific needs of different healthcare settings and patient populations.
Furthermore, the global oxygen cylinders and concentrators market segmentation by product presents opportunities for manufacturers to diversify their product portfolios and target different segments of the market. By offering a range of portable and fixed oxygen solutions, manufacturers can cater to the varying needs and preferences of patients and healthcare providers worldwide. Additionally, advancements in technology have led to the development of increasingly compact, lightweight, and efficient portable oxygen concentrators, enhancing their appeal to patients and expanding their potential applications beyond traditional healthcare settings. As the demand for oxygen therapy continues to grow, particularly in light of the COVID-19 pandemic, manufacturers have the opportunity to innovate and capitalize on the expanding market for both portable and fixed oxygen delivery systems.
Global Oxygen Cylinders and Concentrators Market, Segmentation by Technology
The Global Oxygen Cylinders and Concentrators Market has been segmented by Technology into Continuous Flow, and Pulse Flow.
The global oxygen cylinders and concentrators market is categorized into two primary technologies: continuous flow and pulse flow. The continuous flow segment is the more traditional and widely used technology in oxygen delivery systems. It provides a constant, uninterrupted flow of oxygen, which is typically preferred for patients requiring steady and consistent oxygen levels over an extended period. This technology is commonly utilized in healthcare settings for individuals with chronic respiratory conditions, ensuring continuous support for oxygenation.
On the other hand, the pulse flow segment has gained popularity in recent years due to its more efficient and convenient delivery of oxygen. Pulse flow concentrators release oxygen only when the patient inhales, reducing the overall amount of oxygen used. This makes pulse flow devices more energy-efficient and lighter in weight, offering greater portability. These concentrators are especially beneficial for patients who require oxygen intermittently or during physical activities, such as walking or exercise, as they provide oxygen when needed without wasting resources.
Both technologies offer unique advantages and cater to different patient needs. While continuous flow devices remain essential for individuals with more severe or continuous oxygen requirements, pulse flow devices are becoming increasingly popular among patients who value mobility and efficiency. The choice between continuous and pulse flow technologies depends largely on the patient’s specific health condition and lifestyle, influencing the overall demand and growth of these segments in the global oxygen cylinders and concentrators market.
Global Oxygen Cylinders and Concentrators Market, Segmentation by Application
The Global Oxygen Cylinders and Concentrators Market has been segmented by Application into Healthcare, Pharmaceutical & Biotechnology, Manufacturing, Aerospace & Automotive and Others.
The segmentation of the global oxygen cylinders and concentrators market by application into healthcare, pharmaceutical & biotechnology, manufacturing, aerospace & automotive, and others reflects the diverse range of industries that rely on oxygen-related equipment for various purposes. In the healthcare sector, oxygen cylinders and concentrators are essential for providing supplemental oxygen therapy to patients with respiratory conditions in hospitals, clinics, and home healthcare settings. The increasing prevalence of respiratory diseases, coupled with the aging population and the rising demand for home-based medical care, is driving the growth of this segment.
Additionally, oxygen cylinders and concentrators find extensive use in the pharmaceutical and biotechnology industries for laboratory applications, research purposes, and the production of pharmaceuticals and biopharmaceuticals. Oxygen is a critical component in fermentation processes, cell culture systems, and other biotechnological applications, where precise control of oxygen levels is necessary for optimal cell growth and product yield. The pharmaceutical industry also relies on oxygen for packaging purposes, inerting, and as a feed gas for various chemical reactions, highlighting the importance of oxygen-related equipment in pharmaceutical manufacturing.
Moreover, oxygen cylinders and concentrators play a vital role in industries such as manufacturing, aerospace, and automotive, where oxygen is used for welding, cutting, brazing, and other metal fabrication processes. In the aerospace sector, oxygen is crucial for aircraft cabin pressurization systems, emergency medical kits, and life support systems for astronauts in space missions. Similarly, oxygen is used in automotive applications such as oxygen sensors in engine control systems, emissions control systems, and fuel efficiency improvements. The diverse applications of oxygen cylinders and concentrators across multiple industries underscore their significance in supporting critical processes and applications worldwide.
Global Oxygen Cylinders and Concentrators Market, Segmentation by End User
The Global Oxygen Cylinders and Concentrators Market has been segmented by End User into Hospitals, Clinics, Nursing Homes, Industrial Facilities, and Emergency Services.
The global oxygen cylinders and concentrators market is categorized based on the end user, with key segments including hospitals, clinics, nursing homes, industrial facilities, and emergency services. Hospitals are the largest segment, as these healthcare settings require a steady supply of oxygen for patients with respiratory conditions, surgical procedures, and emergencies. Oxygen cylinders and concentrators are essential for providing critical care, particularly in intensive care units and emergency departments, where immediate and controlled oxygen therapy is often needed.
Clinics and nursing homes also represent significant segments of the market. In clinics, oxygen therapy is commonly used to manage chronic respiratory diseases such as asthma, COPD, and pneumonia. The demand for oxygen delivery systems in nursing homes has grown as the elderly population increases, with many residents requiring supplemental oxygen due to age-related respiratory issues. Oxygen cylinders and concentrators provide these facilities with an efficient solution to improve patient care and comfort, ensuring continuous access to oxygen.
Industrial facilities and emergency services make up the remaining end-user segments. Industrial facilities, such as those in the manufacturing and chemical sectors, utilize oxygen cylinders for various processes, including welding, cutting, and other applications that require controlled oxygen supplies. Emergency services, such as ambulance services and disaster response teams, rely on portable oxygen equipment to stabilize patients in transit or in crisis situations. This growing need in emergency settings drives the demand for lightweight, portable, and reliable oxygen delivery systems.
Global Oxygen Cylinders and Concentrators Market, Segmentation by Geography
In this report, the Global Oxygen Cylinders and Concentrators Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Oxygen Cylinders and Concentrators Market Share (%), by Geographical Region, 2024
The global oxygen cylinders and concentrators market exhibits varying market shares across different geographical regions, reflecting differences in healthcare infrastructure, disease burden, and economic factors. North America holds a significant share of the market, driven by factors such as a large aging population, high prevalence of respiratory diseases, and well-established healthcare systems. Additionally, favorable reimbursement policies and high healthcare spending contribute to the dominance of North America in the market. The region is also characterized by a strong presence of key market players, extensive research and development activities, and technological advancements, further solidifying its position in the global market.
Europe follows closely behind North America in market share, benefiting from similar factors such as a growing elderly population, increasing healthcare expenditure, and robust healthcare infrastructure. Countries in Europe have well-established healthcare systems with comprehensive coverage for respiratory care, contributing to the widespread adoption of oxygen cylinders and concentrators. Moreover, government initiatives aimed at improving access to healthcare services and reducing the burden of respiratory diseases further support market growth in the region. Additionally, strategic collaborations between healthcare institutions, research organizations, and industry players drive innovation and market expansion in Europe.
In contrast, the Asia-Pacific region exhibits substantial growth potential in the oxygen cylinders and concentrators market, driven by factors such as rising healthcare awareness, increasing disposable income, and a large patient population. Countries in Asia-Pacific, particularly China and India, are witnessing a growing prevalence of respiratory diseases due to factors such as air pollution, smoking prevalence, and population aging. As a result, there is an increasing demand for oxygen therapy equipment in both clinical and home settings. Additionally, government initiatives to improve healthcare infrastructure and expand access to medical services contribute to market growth in the region. However, market expansion in Asia-Pacific may be hindered by challenges such as regulatory complexities, pricing pressures, and disparities in healthcare access between urban and rural areas. Despite these challenges, the Asia-Pacific region presents lucrative opportunities for market players to invest in product development, expand distribution networks, and tap into the growing demand for oxygen therapy solutions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Oxygen Cylinders and Concentrators Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing Prevalence of Respiratory Diseases
- Aging Population
-
Rising Demand for Home Healthcare Solutions-The rising demand for home healthcare solutions is a significant driver of growth in the global oxygen cylinders and concentrators market. As more individuals prefer to receive medical care in the comfort of their own homes, the need for portable and efficient oxygen therapy devices has increased. Oxygen cylinders and concentrators play a crucial role in delivering supplemental oxygen to patients with respiratory conditions, enabling them to manage their health while maintaining independence and quality of life at home. This shift towards home-based care is driven by factors such as the aging population, the desire for personalized healthcare, and advancements in technology making home healthcare more accessible and effective.
The COVID-19 pandemic has further accelerated the demand for home healthcare solutions, including oxygen cylinders and concentrators. The pandemic has highlighted the importance of oxygen therapy in treating severe cases of respiratory illness, leading to increased awareness and acceptance of home-based oxygen therapy among patients and healthcare providers alike. With hospitals overwhelmed and healthcare resources stretched thin during the pandemic, many patients turned to home oxygen therapy as a safe and effective alternative to hospitalization, further driving market growth.
Advancements in portable oxygen concentrator technology have revolutionized home oxygen therapy, offering patients greater mobility and flexibility in managing their respiratory conditions. Portable oxygen concentrators allow patients to maintain an active lifestyle and participate in daily activities without being tethered to bulky equipment. This convenience factor has contributed to the growing popularity of home oxygen therapy and has expanded the market potential for oxygen cylinders and concentrators. As the trend towards home-based care continues to gain traction, manufacturers have an opportunity to innovate and develop more user-friendly, efficient, and affordable oxygen therapy solutions to meet the evolving needs of patients seeking care in their homes.
Restraints:
- Supply Chain Disruptions
- Regulatory Hurdles
-
Pricing Pressures-Pricing pressures pose a significant challenge to the global oxygen cylinders and concentrators market, impacting manufacturers, suppliers, healthcare providers, and ultimately, patients. As the demand for oxygen therapy equipment continues to rise, particularly in the wake of the COVID-19 pandemic, manufacturers face intense competition and pressure to offer competitive pricing to attract customers. This competitive landscape, coupled with factors such as increasing production costs and regulatory requirements, creates downward pressure on prices, squeezing profit margins for manufacturers and suppliers.
Pricing pressures in the oxygen cylinders and concentrators market are exacerbated by the diverse economic conditions and healthcare systems across different regions. In developing countries with limited healthcare budgets and lower purchasing power, affordability becomes a critical factor influencing purchasing decisions. Manufacturers must balance the need to offer affordable solutions with the need to maintain profitability and invest in research, development, and quality assurance measures to ensure product safety and efficacy.
While pricing pressures present challenges, they also create opportunities for manufacturers to innovate and optimize their operations to reduce costs and improve efficiencies. Strategies such as streamlining production processes, leveraging economies of scale, and investing in research and development to develop more cost-effective technologies can help manufacturers remain competitive in the market. Additionally, expanding into emerging markets presents opportunities for manufacturers to tap into new customer segments and diversify their revenue streams, mitigating the impact of pricing pressures in more saturated markets. Overall, navigating pricing pressures requires a strategic approach that balances affordability with quality and innovation to meet the evolving needs of patients and healthcare systems worldwide.
Opportunities:
- Advancements in Portable Technology
- Heightened Awareness Due to COVID-19
-
Expansion into Emerging Markets-Expansion into emerging markets presents a significant opportunity for the global oxygen cylinders and concentrators market to tap into growing demand and address unmet healthcare needs. Emerging markets, characterized by rising healthcare expenditures, improving healthcare infrastructure, and increasing prevalence of respiratory diseases, offer a large and underserved patient population in need of oxygen therapy solutions. As these regions undergo demographic and epidemiological transitions, the demand for oxygen cylinders and concentrators is expected to rise, driven by factors such as urbanization, air pollution, and lifestyle changes leading to respiratory ailments.
Advancements in portable oxygen concentrator technology make it feasible to deliver oxygen therapy to patients in remote or underserved areas where access to traditional healthcare facilities is limited. Portable oxygen concentrators provide patients with greater mobility and independence, allowing them to receive oxygen therapy while engaging in daily activities or traveling. This versatility is particularly valuable in emerging markets, where infrastructure challenges and geographical barriers may hinder access to healthcare services. By expanding into these regions and offering portable oxygen therapy solutions, manufacturers can address the unmet needs of patients with respiratory conditions and improve healthcare accessibility and affordability.
Expanding into emerging markets comes with challenges such as regulatory complexities, pricing pressures, and cultural differences. Regulatory requirements vary across countries, requiring manufacturers to navigate diverse approval processes and compliance standards. Additionally, pricing pressures in emerging markets may necessitate adjustments to pricing strategies to ensure affordability without compromising profitability. Moreover, cultural factors and healthcare practices may influence consumer preferences and purchasing behaviors, requiring manufacturers to tailor their marketing strategies and product offerings to suit local needs and preferences. Despite these challenges, the potential for growth in emerging markets remains promising, driven by demographic trends, improving healthcare infrastructure, and increasing awareness of respiratory health issues.
Competitive Landscape Analysis
Key players in Global Oxygen Cylinders and Concentrators Market include:
- Linde plc
- Koninklijke Philips N.V.
- Chart Industries
- Invacare Corporation
- Drive DeVilbiss Healthcare
- Inogen, Inc.
- GCE Group
- Nidek Medical Products, Inc.
- Yuwell-Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.
- Besco Medical Co., Ltd.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Technology
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Oxygen Cylinders and Concentrators Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Prevalence of Respiratory Diseases
- Aging Population
- Rising Demand for Home Healthcare Solutions
- Restraints
- Supply Chain Disruptions
- Regulatory Hurdles
- Pricing Pressures
- Opportunities
- Advancements in Portable Technology
- Heightened Awareness Due to COVID-19
- Expansion into Emerging Markets
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Oxygen Cylinders and Concentrators Market, By Product, 2021 - 2031 (USD Million)
- Portable
- Fixed
- Global Oxygen Cylinders and Concentrators Market, By Technology, 2021 - 2031 (USD Million)
- Continuous Flow
- Pulse Flow
- Global Oxygen Cylinders and Concentrators Market, By Application, 2021 - 2031 (USD Million)
- Healthcare
- Pharmaceutical & Biotechnology
- Manufacturing
- Aerospace & Automotive
- Others
- Global Oxygen Cylinders and Concentrators Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Clinics
- Nursing Homes
- Industrial Facilities
- Emergency Services
- Global Oxygen Cylinders and Concentrators Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Oxygen Cylinders and Concentrators Market, By Product, 2021 - 2031 (USD Million)
- Competitive LandscapeAnalyst Views
- Company Profiles
- Linde plc
- Koninklijke Philips N.V.
- Chart Industries
- Invacare Corporation
- Drive DeVilbiss Healthcare
- Inogen, Inc.
- GCE Group
- Nidek Medical Products, Inc.
- Yuwell-Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.
- Besco Medical Co., Ltd.
- Company Profiles
- Analyst Views
- Future Outlook of the Market