The abrupt rise of COVID-19 disease has created a positive
impact on the growth of the global oxygen cylinder and concentrator
market. Growing demand for oxygen cylinders and concentrators from
several parts of the world is fueling the growth of the
market
NEW YORK, May 12, 2021 /PRNewswire/ -- The recent research
report on the global oxygen cylinder and concentrator market by
Research Dive deliberates the Impact of Covid-19 Pandemic on the
Current and Future Oxygen Cylinder and Concentrator
Market Growth. This report is a complete research formulated
by evaluating the major regional market circumstances, key driving
factors, and size & scope of the market during the COVID-19
crisis.
Key Stats of the Report
"The sudden outburst of COVID-19 pandemic has impacted the
global oxygen cylinder and concentrator market in a positive
manner. "
As per the report, the global oxygen cylinder and concentrator
market was valued at $2,592.0 million
in 2018 and is anticipated to hit $5,737.5 million by growing at a CAGR of 10.7% by
2026.
The size of the market in the current scenario has reached
$3,172.9 million due to the increased
usage of oxygen cylinders and concentrators in hospitals,
ambulances, and other healthcare sectors for the treatment of
COVID-19 patients during this pandemic situation.
Request to Download of Oxygen Cylinder and Concentrator
Market Research Report
Factors Augmenting the Market Growth amidst Covid-19
Pandemic
Currently, the global market is experiencing tremendous growth
due to an increase in the demand for oxygen cylinders and
concentrators for the treatment of patients with respiratory issues
brought by COVID-19. However, the fluctuations in the prices and
shortage of oxygen cylinders and concentrators are acting as a
prime barrier to the growth of the market.
Current Market Transformation Due to Covid-19:
Several scientists are currently working on finding a vaccine to
cure and prevent Coronavirus. However, unless an appropriate
medical treatment or vaccine is invented to combat this
life-threatening virus, artificial respiration equipment has to be
used for treating COVID-19 affected patients. During this crisis
period, many top companies involved in the delivery and
manufacturing of healthcare products and services are providing
safety kits such as oxygen cylinders and concentrators to the
customers. For example, Harmony Home Medical, a well-known home
medical equipment retailer, is delivering portable oxygen
concentrators at affordable prices. Additionally, several
government bodies as well as non-profit organizations are striving
to offer reliable oxygen supply for COPD and cardiovascular
patients. For example, the Indian Ministry of Health and Family
Welfare has requested the top gas cylinder producers including the
Gas Authority of India Limited (GAIL) to provide a constant supply
of oxygen cylinders to healthcare centers and hospitals, based on
their requirements. Moreover, the U.S. Food and Drug Administration
(FDA) has committed to implement policies and strict protocols for
ventilators and other respiratory equipment.
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Top Companies and Post-COVID Scenario of the Oxygen Cylinder
and Concentrator Market:
According to the report the global oxygen cylinder and
concentrator market is estimated to experience continuous growth
even after the end of coronavirus pandemic. New entrants and some
of the top players including:
- DeVilbiss Healthcare LLC
- Inogen, Inc.
- Nidek Medical Products, Inc.
- O2 CONCEPTS, LLC
- Teijin Aramid
- Invacare Corporation
- Chart Industries
- WORTHINGTON INDUSTRIES
- Koninklijke Philips N.V.
- Inova Labs Inc.
Top market players expected to unlock rewarding opportunities
for the growth of the market by undertaking activities such as
merges and acquisitions and new product developments in the coming
years. - Inquire Before Purchase: Strategic Overview of
Zero Trust Market in the North America Region
More about Oxygen Cylinder and Concentrators:
All You Need to Know about Oxygen Cylinders & Concentrators
during the Covid-19 Pandemic
Why Portable Oxygen Concentrators are Better than Oxygen
Cylinders?
Oxygen Cylinders and Concentrators: Saving People's Lives during
the COVID-19 Crisis
Increasing Cases of Respiratory Disorders to Boost the Demand
for Oxygen Cylinder and Concentrators
About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and
authenticity of the services, the firm provides the services that
are solely based on its exclusive data model, compelled by the
360-degree research methodology, which guarantees comprehensive and
accurate analysis. With an unprecedented access to several paid
data resources, team of expert researchers, and strict work ethic,
the firm offers insights that are extremely precise and reliable.
Scrutinizing relevant news releases, government publications,
decades of trade data, and technical & white papers, Research
dive deliver the required services to its clients well within the
required timeframe. Its expertise is focused on examining niche
markets, targeting its major driving factors, and spotting
threatening hindrances. Complementarily, it also has a seamless
collaboration with the major industry aficionado that further
offers its research an edge.
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