Oxygen Cylinders And Concentrator Market Research Report: By Product Type (Oxygen Cylinders, Oxygen Concentrators, Oxygen Generators, Oxygen Masks and Accessories), By Application (Medical, Industrial, Aerospace, Military), By End User (Hospitals, Clinics, Nursing Homes, Industrial Facilities, Emergency Services), By Capacity (Less than 10 LPM, 10-50 LPM, Over 50 LPM), By Technology (PSA (Pressure Swing Adsorption), Membrane, Cryogenic) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast t

Global Oxygen Cylinders And Concentrator Market Overview

As per MRFR analysis, the Oxygen Cylinders And Concentrator Market Size was estimated at 6.42 (USD Billion) in 2022.

The Oxygen Cylinders And Concentrator Industry is expected to grow from 6.93(USD Billion) in 2023 to 13.8 (USD Billion) by 2032. The Oxygen Cylinders And Concentrator Market CAGR (growth rate) is expected to be around 7.96% during the forecast period (2024 - 2032).

Key Oxygen Cylinders And Concentrator Market Trends Highlighted

Key market drivers for oxygen cylinders and concentrators include the increasing prevalence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and asthma, growing demand for home-based healthcare, and rising awareness about the importance of respiratory health.Opportunities to explore include the development of portable oxygen concentrators, advancements in oxygen delivery systems, and expansion of telemedicine services. Recent trends in the market indicate a shift towards non-invasive oxygen therapies, increased adoption of home oxygen therapy, and growing demand for oxygen cylinders in emergency situations.Key players in the market are focusing on product innovation, partnerships, and strategic acquisitions to gain a competitive edge. The market is expected to witness continued growth in the coming years, driven by technological advancements, increasing healthcare expenditure, and growing awareness about respiratory health.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Oxygen Cylinders And Concentrator Market Drivers

Rising Prevalence of Respiratory Conditions

The increasing prevalence of respiratory conditions, such as chronic obstructive pulmonary disease (COPD), asthma, and pneumonia, is a major driver of the Global Oxygen Cylinders And Concentrator Market Industry. These conditions require supplemental oxygen therapy, which can be provided through oxygen cylinders or concentrators. As the number of individuals suffering from respiratory ailments continues to rise, the demand for oxygen therapy is expected to grow in tandem, driving the market growth.Additionally, the aging population, which is more susceptible to respiratory problems, is further contributing to the market expansion.

Technological Advancements and Product Innovations

The Global Oxygen Cylinders And Concentrator Market Industry is witnessing continuous advancements in technology and product innovation. Manufacturers are focusing on developing more efficient, portable, and user-friendly oxygen delivery systems. For instance, the introduction of portable oxygen concentrators has revolutionized oxygen therapy, as they allow patients to maintain their active lifestyles while receiving supplemental oxygen. Ongoing research and development activities are also leading to the development of new oxygen delivery methods, such as liquid oxygen systems and nasal cannulas, which are expected to further drive market growth.

Increased Healthcare Expenditure and Government Initiatives

Rising healthcare expenditure and supportive government initiatives are creating a favorable environment for the Global Oxygen Cylinders And Concentrator Market Industry. Governments worldwide are recognizing the importance of providing accessible and affordable oxygen therapy to their citizens. This has led to increased funding for healthcare programs and initiatives aimed at improving respiratory care. Additionally, the growing emphasis on home healthcare and remote patient monitoring is driving the demand for portable and easy-to-use oxygen delivery systems, further contributing to market expansion.

Oxygen Cylinders And Concentrator Market Segment Insights:

Oxygen Cylinders And Concentrator Market Product Type Insights

The Global Oxygen Cylinders And Concentrator Market is segmented by product type into oxygen cylinders, oxygen concentrators, oxygen generators, oxygen masks, and accessories. The oxygen cylinders segment held the largest market share in 2023, accounting for over 45% of the global market. The increasing demand for oxygen cylinders in hospitals, clinics, and emergency medical services is driving the growth of this segment. The oxygen concentrators segment is expected to witness significant growth over the forecast period, owing to the rising prevalence of respiratory diseases and the increasing adoption of home healthcare.The oxygen generators segment is also expected to grow steadily, driven by the increasing demand for oxygen in industrial applications. The growth of the market is attributed to the increasing prevalence of respiratory diseases, the rising geriatric population, and the increasing adoption of home healthcare. The market is also expected to benefit from the growing demand for oxygen in industrial applications. In terms of regional segmentation, North America is expected to hold the largest market share in 2023, followed by Europe and Asia Pacific.The growth of the market in North America is attributed to the high prevalence of respiratory diseases and the well-established healthcare infrastructure in the region. The market in Europe is also expected to witness significant growth over the forecast period, owing to the increasing demand for oxygen in hospitals and clinics. The market in Asia Pacific is expected to witness the highest growth over the forecast period, driven by the rising prevalence of respiratory diseases and the increasing adoption of home healthcare in the region. Key players in the Global Oxygen Cylinders And Concentrator Market include Air Liquide, Linde, Air Products and Chemicals, Inc., Messer Group, and Chart Industries, Inc.These players are focusing on product innovation and expansion into new markets to maintain their market position.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Oxygen Cylinders And Concentrator Market Application Insights

The Global Oxygen Cylinders And Concentrator Market is segmented into Medical, Industrial, Aerospace, and Military applications. The Medical segment accounts for the largest share of the market, driven by the increasing prevalence of respiratory diseases and the growing demand for oxygen therapy. The Industrial segment is also expected to witness significant growth, owing to the rising demand for oxygen in various industrial processes, such as welding and metal cutting. The Aerospace and Military segments are expected to grow at a steady pace, supported by the increasing demand for oxygen in aircraft and military equipment.The growth of the market can be attributed to the rising demand for oxygen in various applications, coupled with increasing healthcare expenditure and technological advancements.

Oxygen Cylinders And Concentrator Market End User Insights

The Global Oxygen Cylinders And Concentrator Market is segmented by End User into Hospitals, Clinics, Nursing Homes, Industrial Facilities, and Emergency Services. Among these segments, Hospitals are expected to hold the largest market share in 2023, accounting for nearly 40% of the Global Oxygen Cylinders And Concentrator Market revenue. This is due to the increasing number of chronic respiratory diseases, such as asthma and COPD, which require supplemental oxygen therapy. Clinics are expected to be the fastest-growing segment, with a CAGR of 8.2% over the forecast period.This growth is being driven by the increasing demand for ambulatory care services and the growing popularity of home healthcare.

Oxygen Cylinders And Concentrator Market Capacity Insights

The Oxygen Cylinders And Concentrator Market is segmented by Capacity into Less than 10 LPM, 10-50 LPM, and Over 50 LPM. The Less than 10 LPM segment is expected to hold the largest market share in 2023 and is projected to continue to grow at a steady pace through 2032. This growth is attributed to the increasing demand for portable oxygen concentrators for home healthcare and emergency medical services. The 10-50 LPM segment is expected to witness significant growth over the forecast period, driven by the rising demand for oxygen therapy in hospitals and clinics.The Over 50 LPM segment is expected to grow at a moderate pace over the forecast period due to the increasing demand for high-flow oxygen therapy in critical care settings. The Global Oxygen Cylinders And Concentrator Market revenue for the Capacity segment is expected to reach $6.93 billion in 2023 and is projected to grow to $13.8 billion by 2032, exhibiting a CAGR of 7.96% during the forecast period.

Oxygen Cylinders And Concentrator Market Technology Insights

PSA (Pressure Swing Adsorption) technology is expected to hold the largest share of the Global Oxygen Cylinders And Concentrator Market in 2024, accounting for around 60% of the market revenue. PSA technology is widely used in oxygen concentrators due to its high efficiency, reliability, and cost-effectiveness. It involves the use of a pressure swing adsorption process to separate oxygen from other gases in the air. Membrane technology is projected to witness significant growth during the forecast period owing to its advantages, such as low energy consumption, compact size, and easy maintenance.Cryogenic technology, on the other hand, is expected to have a niche market share due to its high cost and complexity, but it offers high-purity oxygen for specialized applications.

Oxygen Cylinders And Concentrator Market Regional Insights

The Global Oxygen Cylinders And Concentrator Market is segmented into North America, Europe, APAC, South America, and MEA. The North American region is expected to hold the largest market share in 2023, owing to the presence of a large number of hospitals and clinics in the region. The European region is also expected to hold a significant market share due to the increasing demand for oxygen therapy in the region. The APAC region is expected to witness the highest growth rate during the forecast period, owing to the rising demand for oxygen therapy in the region.The South American and MEA regions are also expected to witness significant growth in the coming years.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Oxygen Cylinders And Concentrator Market Key Players And Competitive Insights:

Major players in the Oxygen Cylinders And Concentrator Market industry are investing heavily in research and development to introduce innovative products and expand their product portfolio. Leading Oxygen Cylinders And Concentrator Market players are focusing on strategic collaborations and partnerships to enhance their market presence and gain a competitive edge. The Oxygen Cylinders And Concentrator Market development is driven by increasing demand for oxygen therapy in various medical applications and the rising prevalence of respiratory diseases. The competitive landscape of the Oxygen Cylinders And Concentrator Market is expected to intensify in the coming years, with new entrants and existing players vying for market share.A leading company in the Oxygen Cylinders And Concentrator Market is Air Liquide. The company offers a comprehensive range of oxygen cylinders and concentrators, catering to the needs of various end-use sectors. Air Liquide has a strong global presence and a well-established distribution network, which enables it to reach a wide customer base. The company's focus on innovation and customer service has contributed to its success in the Oxygen Cylinders And Concentrator Market.A competitor company in the Oxygen Cylinders And Concentrator Market is Linde. Linde offers a diverse portfolio of oxygen products, including cylinders, concentrators, and liquid oxygen. The company has a global presence and a strong customer base in various industries. Linde's commitment to quality and safety has earned it a reputation as a reliable supplier of oxygen products. The company's focus on research and development has led to the introduction of innovative products and solutions, which has helped it to maintain its competitive position in the Oxygen Cylinders And Concentrator Market.

Key Companies in the Oxygen Cylinders And Concentrator Market Include:

• Luxfer Gas Cylinders


• Ingersoll Rand


• Praxair Technology


• Inova Labs


• Air Liquide


• Chart Industries


• Air Products and Chemicals


• Worthington Industries


• Messer Group


• General Electric Company


• Atlas Copco AB


• Scott Medical


• Haskel International


• Teledyne Technologies Incorporated


• Linde AG

Oxygen Cylinders And Concentrator Industry Developments

The global oxygen cylinders and concentrator market is projected to reach USD 13.8 billion by 2032, exhibiting a CAGR of 7.96% from 2024 to 2032. The rising prevalence of respiratory diseases, increasing demand for oxygen therapy in home healthcare settings, and growing awareness about the benefits of oxygen therapy are key factors driving market growth. 

Furthermore, technological advancements, such as the development of portable oxygen concentrators, are expanding the market's reach. The market is expected to witness significant growth in regions with aging populations and increasing healthcare expenditure. 

Key industry participants are focusing on strategic partnerships, acquisitions, and product launches to gain a competitive edge.

Oxygen Cylinders And Concentrator Market Segmentation Insights

• Oxygen Cylinders


• Oxygen Concentrators


• Oxygen Generators


• Oxygen Masks and Accessories

• Medical


• Industrial


• Aerospace


• Military

• Hospitals


• Clinics


• Nursing Homes


• Industrial Facilities


• Emergency Services

• Less than 10 LPM


• 10-50 LPM


• Over 50 LPM

• PSA (Pressure Swing Adsorption)


• Membrane


• Cryogenic

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa