Press Release

India Medical Oxygen Market to Grow with a CAGR of 7.25% through 2030

Increasing healthcare infrastructure and a supportive regulatory environment are expected to drive the India Medical Oxygen Market growth in the forecast period, 2026-2030.

 

According to TechSci Research report, “India Medical Oxygen Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2030F”, India Medical Oxygen Market has valued at USD 382.23 Million in 2024 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 7.25% through 2030. the burgeoning healthcare infrastructure in India, characterized by the establishment of new hospitals, clinics, and healthcare facilities, is fuelling the demand for medical oxygen. A significant driver boosting the India Medical Oxygen Market is the growing adoption of home healthcare services. With the rising preference for home-based medical care, especially among elderly patients and those with chronic illnesses, there is an increasing demand for medical oxygen for home oxygen therapy. This trend underscores the importance of ensuring accessibility and availability of medical oxygen outside traditional healthcare settings.

Technological advancements in oxygen generation and delivery systems are contributing to market growth. Innovations such as portable oxygen concentrators, advanced flow control devices, and remote monitoring solutions are enhancing the efficiency, safety, and convenience of oxygen therapy, thereby driving adoption rates and expanding the market for medical oxygen. Heightened awareness about the critical role of medical oxygen in emergency preparedness and disaster management is prompting healthcare facilities to prioritize the establishment of robust oxygen supply systems. The COVID-19 pandemic, in particular, has underscored the importance of ensuring adequate oxygen supply to address surges in demand during health crises, further driving investments in medical oxygen infrastructure and capabilities.

Rural and remote areas may have limited access to oxygen, resulting in disparities in healthcare services. Transportation bottlenecks, such as roadblocks, traffic congestion, and restrictions on the movement of oxygen tankers, have hindered the timely delivery of medical oxygen to healthcare facilities, particularly during crises. Disruptions in the oxygen supply chain, including delays in procurement, production, and distribution, have affected the availability of medical oxygen when and where it is needed most.

 

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India Medical Oxygen Market is segmented based on form, delivery mode, application, end-user, and by region.

Based on the end users, hospitals & clinics segment dominated the india medical oxygen market in 2024 and is predicted to continue expanding over the coming years.  Hospitals and clinics play a central role in the Indian healthcare system. They are where a significant portion of medical treatments and procedures take place. As a result, they have a consistently high demand for medical oxygen. Medical oxygen is essential for a wide range of medical applications, including surgical procedures, respiratory support, anesthesia, emergency care, and neonatal care. Hospitals and clinics are the primary institutions where these applications are carried out, leading to a substantial demand for medical oxygen. Hospitals, particularly tertiary care and specialized medical centers, often have critical care units, including intensive care units (ICUs) and neonatal ICUs, where patients with severe respiratory conditions and other critical medical issues receive treatment. Medical oxygen is a lifeline for many of these patients. Even routine medical procedures, such as surgeries and diagnostic tests, often require medical oxygen. This contributes to the consistent demand for medical oxygen in hospital and clinic settings. The COVID-19 pandemic significantly increased the demand for medical oxygen, especially in hospitals. Many COVID-19 patients required oxygen therapy, and the surge in cases during the pandemic placed a considerable burden on healthcare facilities, further emphasizing the role of hospitals in the medical oxygen market.

Based on Region, North India held the largest share in the India Medical Oxygen Market. During the COVID-19 pandemic, there was a heightened demand for medical oxygen in India. Northern states like Delhi and Uttar Pradesh were among the regions most affected by the virus. This resulted in a surge in demand for medical oxygen, which may have further emphasized the region's prominence in the medical oxygen market. The government of India, in collaboration with state governments, launched initiatives to improve healthcare infrastructure, including oxygen supply systems. These initiatives have focused on regions with higher populations and healthcare demand, which are often found in North India. Major urban centers and metropolitan hubs like Delhi, Mumbai, and Pune are situated in North India. These cities host a plethora of well-equipped hospitals and healthcare facilities, heavily reliant on medical oxygen for patient care. The presence of such urban hubs amplifies the demand for medical oxygen, accentuating its pivotal role in sustaining healthcare services.

 

Some of the major companies operating in the India Medical Oxygen Market include:

  • Philips India Limited
  • Wipro GE Healthcare Pvt. Ltd.
  • Siemens Healthineers India
  • Canon India Pvt. Ltd.
  • Shimadzu Medical (India) Pvt. Ltd.
  • Trivitron Healthcare Pvt. Ltd.
  • India Medtronic Pvt Ltd
  • Hitachi India Pvt. Ltd.
  • Sanrad Medical Systems Private Limited
  • Accuray Medical Equipment India Pvt. Ltd 

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“In the coming years, the Indian medical oxygen market is poised for significant growth, driven by driven by increasing healthcare infrastructure development and a rising awareness of respiratory health. With a growing population and a surge in chronic respiratory diseases, demand for medical oxygen solutions is expected to soar. Also, advancements in technology and manufacturing processes will likely enhance the accessibility and efficiency of oxygen delivery systems, further fuelling market expansion.," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

India Medical Oxygen Market by Form (Liquid Oxygen, Compressed Oxygen, Oxygen Gas Mixture), By Delivery Mode (Tanks/Pipeline, Cylinder, Others), By Application (Therapeutic, Diagnostics), By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others), By Region, By Competition Forecast & Opportunities, 2020-2030F has evaluated the future growth potential of India Medical Oxygen Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Medical Oxygen Market.



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