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Medical Oxygen Gas Cylinder Market: Evolution

High-purity oxygen forms a crucial medical supply for meeting emergency needs of patients in hospital settings. It has also been widely used in other settings in meeting the urgent needs of oxygen, as was evident in the spiralling demand as a lifesaving gas for patients during COVID-19 pandemic. Onsite production of medical oxygen must comply with various regulations as to their storage and transportation, thereby shaping the evolution of opportunities in the medical oxygen gas cylinder market. For large quantities, cryogenic cylinders are preferred.

Apart from availing oxygen in pipe supplies, there has been a steady demand for refillable oxygen cylinders. In recent months, oxygen cylinders witnessed surge in demand to an extent that there had been persistent gap in supply and demand to meet the urgent needs of COVID-19 patients.

The products in the medical oxygen gas cylinders market can be of different sizes, depending on the different requirements in home care and hospital care. The bulky ones can weigh about 150 lbs and may contain over 7,800 liters of liquid oxygen. Pressure swing adsorption (PSA) is one of the most common methods of producing medical oxygen.

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Medical Oxygen Gas Cylinder Market: Drivers, Current Prospects, Lucrative Avenues

Rise in demand for oxygen supplies for COVID-19 patients has been one of the most glaring trends impacting the production and distribution of medical oxygen gas cylinders. Governments in various countries, notably in India and the U.S. have been actively recalibrating the production, distribution, and storage norms and have adopted policies to bridge the gap in supply and demand. The Indian Government alone had asked for bids for increasing the number of PSA plants in a move to fill the demand and supply of oxygen cylinders in public hospitals, for instance.

Regulatory frameworks that determine the general safety precautions as well as specific guidelines to ensure that medical oxygen cylinders are well-stored underpin the growth of the medical oxygen gas cylinder market. For instance, compliance in relation to storage of non-flammable compressed gases hold good for producers and distributors.

Another key aspect is the production of the cylinders themselves. The rise in requirements of cryogenic containers has led some countries to rely on their imports. The trend is significantly impacting the growth of the medical oxygen gas cylinder market. Then, there is competing demand for medical oxygen from the oxygen gas used in water purification and pharmaceutical companies. A careful assessment of oxygen gas supply systems by hospitals is a key driver for the prospects of the medical oxygen gas cylinder market.

Medical Oxygen Gas Cylinder Market: Competition Landscape and Key Developments

The demand for medical oxygen gas cylinders has surged during the outbreaks of COVID-19 in countries with high caseloads especially in the later part of the 2020 and early 2021. This aside, governments have accorded an emergency status to the movement of tankers and trucks containing medical oxygen cylinders.

To prevent hospitals from competing for sourcing oxygen cylinders, the government has been promoting onsite production has gathered traction in recent times in India. A sufficient on-site production might also put an end to the raging demand for oxygen supplies. This is a key trend in fuelling incremental avenues for players in the medical oxygen gas cylinder market.

Some of the key players in the medical oxygen gas cylinder market are AirGenics Inc, OrientMEd International, Luxfer Gas Cylinders, Praxair Inc., Messer Group GmbH, Allied Healthcare Products Inc., DeVilbiss Healthcare LLC, AirGenics Inc, Cramer Decker Medical, Messe Düsseldorf GmbH, Koninklijke Philips N.V., Airgas Inc, ResMed, Inogen, Inc., Catalina Cylinders, and Nidek Medical Products, Inc.

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Medical Oxygen Gas Cylinder Market: Regional Landscape

Asia Pacific has emerged as a lucrative medical oxygen gas cylinder market. The widespread demand for medical oxygen gas cylinders for managing chronic diseases in homecare settings and hospitals has propelled the growth prospects of this regional market. Emerging economies have witnessed steadily growing number of production plants in the region, spurring the growth avenues for businesses in the medical oxygen gas cylinder market. North America has also been a lucrative market, and the growth has pivoted on the implementation of various regulations on the production and storage of oxygen gas.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Medical Oxygen Gas Cylinder Market