Oxygen Cylinders And Concentrators Market Will Achieve 9.8% Growth Till 2024

U.S. Oxygen Cylinders and Concentrators Market held more than 85% of regional revenue share in 2016 propelled by increasing prevalence of respiratory diseases and early diagnosis of these diseases.

SELLBYVILLE, Del., Dec. 13, 2017 /PRNewswire-iReach/ -- Global Oxygen Cylinders and Concentrators Market is poised to surpass USD 4.5 billion by 2024; according to a new research study published by Global Market Insights, Inc. Increasing prevalence of COPD, asthma and other respiratory disorders will drive market growth over the forecast years. Excessive smoking and exposure to industrial dust will deteriorate the air quality leading to respiratory illness. Climate change further poses a massive threat to respiratory health as it increases risk factors such as amounts of pollens, allergens and particulate matter.

Growing demand for adventure sports such as scuba diving and mountaineering will fuel industry growth. The lack of oxygen at higher altitudes and deep-sea levels stimulates the need for oxygen cylinders which ensures a regular and continuous supply. Absence of these devices can lead to headache, dizziness, suffocation and death.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2097

However, risk of operational hazards associated with the devices impedes industry expansion. Oxygen is non-flammable, but it supports combustion and its improper or unsafe use or storage may lead to serious injuries.

Portable devices dominated the oxygen cylinders and concentrators market in 2016. The compact nature and light weight of these devices provides increased mobility and ease of use. However, comparatively higher costs of these devices hampers adoption to some extent.

Browse key industry insights spread across 150 pages with 60 market data tables & 12 figures & charts from the report, "Oxygen Cylinders and Concentrators Market" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/oxygen-cylinders-and-concentrators-market

Pharmaceutical and biotechnology is slated to grow at a rapid pace over the forecast period. Oxygen is critical for cell growth applications and is routinely used in fermenters and bioreactors. Furthermore, enrichment with the gas can enhance bioreactor performance and capacity.

U.S. oxygen cylinder and concentrators market held significant industry share. Increasing proportion of elderly population along with increased occurrence of respiratory disorders should drive industry growth. As per American Lung Association, COPD is the third leading cause of death in the country. Presence of a well-established industrial infrastructure in the country will further stimulate demand.

China oxygen cylinder and concentrators market is slated to witness robust growth over the forecast period. The economic boom and drastic rise in GDP has resulted in a surge in motorized vehicles as more number of individuals are now capable of buying them. Moreover, the increased production output from steel and cement industries and burning of coal in factories has worsened the quality of air and has given rise to the problem of smog. Exposure to the increasing pollution and dust has escalated incidence of various respiratory disorders in the region which will fuel industry growth.

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

Prominent industry participants include Inogen, Tecno Gaz, Koninklijke Philips N.V., Cramer Decker, Air Liquide, Chart Industries, HERSILL, Catalina Cylinders, MeBer, and Invacare. The industry players resort to various strategies such as partnerships, developing new products and acquisitions for broadening their product portfolio and strengthening industry presence.

Browse Related Reports:

Homecare Oxygen Concentrators Market Size 2016 – 2023

Homecare Oxygen Concentrators Market size was over USD 600 million in 2015 with expectations to witness over 12.0% CAGR from 2016 to 2023. Growing geriatric population base coupled with favourable reimbursement policies for homecare oxygen concentrators will drive industry growth.

https://www.gminsights.com/industry-analysis/homecare-oxygen-concentrators-market

Medical Oxygen Concentrators Market Size 2016 – 2023

Medical Oxygen Concentrators Market share was in excess of USD 975 million for 2015, more than 10% growth anticipated. Increasing aging population is one of the pivotal factors driving the global medical oxygen concentrators market share.

https://www.gminsights.com/industry-analysis/medical-oxygen-concentrators-market-report

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
Connect with us: Facebook | Google+ | LinkedIn | Twitter

Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, sales@gminsights.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

 

SOURCE Global Market Insights



2018

Tags

Health Care & Hospitals, Medical Equipment, Medical Pharmaceuticals, Pharmaceuticals, Surveys, Polls and Research


Need Help