Medical Oxygen Systems Market Set to US$ 4,341.3 Million by 2026
In 2015, the liquid oxygen systems segment dominated the worldwide demand for medical oxygen systems in terms of sales and is predicted to continue to do so over the forecast period. The most attractive segment is the liquid oxygen systems segment, which registered an attractiveness index of 1.1 over the forecast period. The category of compressed oxygen cylinders accounted for 40.0 percent of the value share in 2015 and is projected to decrease to 36.9 percent by 2024. In the global market for medical oxygen systems, the compressed oxygen cylinders segment is projected to be the second most lucrative segment, with an attractiveness index of 1.0 during the forecast period. Compared to oxygen concentrators and liquid oxygen systems, the market for compressed oxygen cylinders over the forecast period is likely to drop with the proliferation of large and standalone products.
In this new business intelligence report, Coherent Market Insights serves a platter of market forecast, structure, potential, and socioeconomic impacts associated with the global medical oxygen systems market. Medical oxygen systems such as oxygen concentrators and compressed oxygen cylinders are primarily used in home care environments, and elderly patients who have mobility problems and rely on a consistent supply of oxygen are mostly preferred. In order to get enough oxygen, some common chronic medical conditions, such as chronic obstructive pulmonary disease (COPD), chronic bronchitis, emphysema, a common long-term consequence of smoking, require oxygen therapy or extra oxygen. The regulated quantity of oxygen is provided to patients by different forms of oxygen systems.
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