Market Overview:
The global medical oxygen tank market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of respiratory diseases, rising geriatric population, and technological advancements in medical oxygen tanks. Based on type, the global medical oxygen tank market is segmented into single tanks and double tanks. Single tanks are further sub-segmented into disposable and refillable types. The disposable type is expected to grow at a higher CAGR during the forecast period as compared to other types due to its ease of use and low maintenance cost. Based on application, the global medical oxygen tank market is segmented into hospital, clinic, household, and other applications such as transportation and diving industry. The hospital segment dominates this market owing to increasing number of patients suffering from respiratory diseases such as chronic obstructive pulmonary disease (COPD) worldwide.
Product Definition:
A medical oxygen tank is a container that holds compressed oxygen gas. It can be used to provide supplemental oxygen to patients who are not getting enough from room air, or to help patients with respiratory problems breathe easier.
Single Tank:
Single tank is used for supplying oxygen to patients. It has a capacity of holding either liquid or gaseous mixture. Single tanks are portable and can be used in different settings such as an office, home, ambulances, airplanes and hospital emergency rooms among others.
The medical oxygen market is expected to witness significant growth over the forecast period owing to increasing demand for non-invasive surgeries coupled with rising prevalence of chronic diseases globally which include respiratory disorders like asthma.
Double Tank:
Double tank system is used to store and supply medical oxygen in an emergency. It consists of two separate gas containers connected by a flexible hose. The main tank contains the compressed gas whereas the secondary container holds the oxygen-filled tires. In case of low or no pressure in first tank, second one can be used to supply adequate amount of oxygen required for breathing process.
Application Insights:
Based on application, the global medical oxygen tank market has been segmented into hospital, clinic and household. The household application is projected to witness the fastest growth over the forecast period owing to rising awareness about emergency situations and growing preference for portable devices. In addition, increasing number of fatalities due to asphyxiation at home are expected to drive demand for these tanks in households across various regions during the forecast period.
The hospital segment held a substantial share in 2017 owing to high usage rates of oxygen therapy equipment in hospitals across various countries worldwide. Furthermore, an increase in prevalence of chronic diseases such as heart disease, respiratory disorders and diabetes will boost demand for medical oxygen tanks over the forecast period globally. However, high cost associated with these devices may pose a challenge before adoption can be widespread among households globally.
Regional Analysis:
North America dominated the global market in 2017 owing to high demand for medical gases, presence of well-established healthcare infrastructure, and rising awareness about chronic diseases. In addition, increasing number of surgical procedures are driving the product demand in this region. According to a study conducted by WHO, in 2015 around 1.9 million surgeries were performed in U.S.
The Asia Pacific market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for medical oxygen tanks owing to the rise in respiratory diseases and disorders.
- Growing geriatric population who are more susceptible to respiratory problems and require regular oxygen therapy.
- Technological advancements in medical oxygen tanks that improve their efficiency and safety features.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Oxygen Tank Market Research Report
By Type
Single Tank, Double Tank
By Application
Hospital, Clinic, Household, Other
By Companies
MIL'S, Novair Oxyplus Technologies, On Site Gas Systems, Oxygen Generating Systems International, Ultra-Controlo, Angel Medical Supply, Air Liquide Healthcare, Medline Industries, Drive Medical, Invacare, Mada, Allied Healthcare Products, Graham-Field (GF) Health Products, Roscoe Medical, HUM, AmcareMed, AQUAPURE, Medease Life
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Medical Oxygen Tank Market Report Segments:
The global Medical Oxygen Tank market is segmented on the basis of:
Types
Single Tank, Double Tank
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Household, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MIL'S
- Novair Oxyplus Technologies
- On Site Gas Systems
- Oxygen Generating Systems International
- Ultra-Controlo
- Angel Medical Supply
- Air Liquide Healthcare
- Medline Industries
- Drive Medical
- Invacare
- Mada
- Allied Healthcare Products
- Graham-Field (GF) Health Products
- Roscoe Medical
- HUM
- AmcareMed
- AQUAPURE
- Medease Life
Highlights of The Medical Oxygen Tank Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Tank
- Double Tank
- By Application:
- Hospital
- Clinic
- Household
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Oxygen Tank Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A medical oxygen tank is a cylinder of pressurized gas that contains the oxygen needed by people who are unable to breathe on their own.
Some of the major companies in the medical oxygen tank market are MIL'S, Novair Oxyplus Technologies, On Site Gas Systems, Oxygen Generating Systems International, Ultra-Controlo, Angel Medical Supply, Air Liquide Healthcare, Medline Industries, Drive Medical, Invacare, Mada, Allied Healthcare Products, Graham-Field (GF) Health Products, Roscoe Medical, HUM, AmcareMed, AQUAPURE, Medease Life.
The medical oxygen tank market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Oxygen Tank Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Oxygen Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Oxygen Tank Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Oxygen Tank Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Oxygen Tank Market Size & Forecast, 2020-2028
4.5.1 Medical Oxygen Tank Market Size and Y-o-Y Growth
4.5.2 Medical Oxygen Tank Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Tank
5.2.2 Double Tank
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Household
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Oxygen Tank Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Oxygen Tank Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Tank
9.6.2 Double Tank
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Household
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Tank
10.6.2 Double Tank
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Household
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Tank
11.6.2 Double Tank
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Household
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Tank
12.6.2 Double Tank
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Household
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Tank
13.6.2 Double Tank
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Household
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Oxygen Tank Market: Competitive Dashboard
14.2 Global Medical Oxygen Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MIL'S
14.3.2 Novair Oxyplus Technologies
14.3.3 On Site Gas Systems
14.3.4 Oxygen Generating Systems International
14.3.5 Ultra-Controlo
14.3.6 Angel Medical Supply
14.3.7 Air Liquide Healthcare
14.3.8 Medline Industries
14.3.9 Drive Medical
14.3.10 Invacare
14.3.11 Mada
14.3.12 Allied Healthcare Products
14.3.13 Graham-Field (GF) Health Products
14.3.14 Roscoe Medical
14.3.15 HUM
14.3.16 AmcareMed
14.3.17 AQUAPURE
14.3.18 Medease Life
