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.
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