India Medical Oxygen Market to Grow with a CAGR of 7.25% through 2030
Technological Advancements and Emergency Preparedness 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 - By Region, Competition, Opportunity
and Forecast, 2030F”, India Medical Oxygen Market was 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.
India’s rapidly evolving healthcare infrastructure, marked by the development of hospitals, clinics, and advanced medical facilities, is driving a substantial increase in demand for medical oxygen. One of the most influential factors propelling the India Medical Oxygen Market is the surging adoption of home healthcare services. With a growing emphasis on home-based medical care, particularly for elderly patients and individuals with chronic conditions such as COPD and respiratory diseases, the demand for home oxygen therapy has surged. This shift highlights the critical need for decentralized access to medical oxygen, extending beyond conventional healthcare establishments to support in-home treatments. Technological innovation is playing a pivotal role in shaping this market by transforming oxygen generation and delivery systems. Modern advancements such as compact and portable oxygen concentrators, enhanced flow-regulation technologies, and integration of IoT-enabled remote monitoring tools are redefining oxygen therapy. These technologies not only improve the efficiency and safety of oxygen delivery but also provide greater convenience for patients, leading to wider adoption of medical oxygen solutions. Moreover, these innovations are enabling healthcare providers to maintain high standards of care while optimizing resource utilization, particularly in resource-constrained environments.
The importance of reliable oxygen supply has been further underscored by the COVID-19 pandemic, which exposed significant gaps in healthcare preparedness and oxygen infrastructure. The crisis drove heightened awareness of the need for robust oxygen systems to manage surges in demand, leading to increased investments in production capabilities, supply chain optimization, and emergency preparedness measures. This renewed focus has prompted healthcare providers and policymakers to strengthen oxygen supply frameworks, including the deployment of buffer stocks and dedicated storage facilities. Systemic challenges remain in ensuring equitable distribution of medical oxygen, particularly in rural and remote regions. Limited infrastructure, coupled with logistical barriers such as poor road connectivity and transportation inefficiencies, hampers timely delivery of oxygen to underserved areas. These challenges are exacerbated during health emergencies, where bottlenecks in production and distribution can delay critical supplies, putting lives at risk. To address these issues, stakeholders across the healthcare ecosystem are focusing on decentralizing oxygen production, establishing micro-generation units, and leveraging digital tools to streamline supply chain operations.
The India Medical Oxygen Market is poised for robust growth, driven by a confluence of factors including healthcare modernization, technological innovation, and a growing focus on home-based care. Overcoming distribution challenges and expanding access to medical oxygen will be pivotal in ensuring sustainable growth while meeting the rising healthcare needs of India’s diverse population.
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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 form the backbone of India’s healthcare system, serving as the primary hubs for medical treatments, procedures, and emergency care. These facilities drive a steady and substantial demand for medical oxygen, which is indispensable for a wide spectrum of clinical applications. From surgical interventions and anesthesia support to respiratory therapy, neonatal care, and critical care operations, medical oxygen is a cornerstone of modern healthcare delivery. The demand is particularly pronounced in tertiary care hospitals and specialized medical centers, which house advanced critical care units, including intensive care units (ICUs) and neonatal ICUs. These facilities cater to patients with severe respiratory ailments, life-threatening conditions, and post-surgical recovery needs, making a reliable supply of medical oxygen a non-negotiable requirement. Additionally, even routine diagnostic and therapeutic procedures, such as endoscopies, bronchoscopy, and certain imaging techniques, rely on the availability of medical oxygen, further cementing its essential role.
The COVID-19 pandemic brought unprecedented challenges to the healthcare sector, significantly amplifying the demand for medical oxygen across hospital settings. The sharp increase in cases overwhelmed healthcare infrastructure, with oxygen therapy becoming a critical intervention for managing COVID-19-induced respiratory complications. This crisis highlighted not only the dependence of hospitals on oxygen supply but also exposed vulnerabilities in the supply chain, pushing stakeholders to prioritize infrastructure resilience. To meet this growing demand, hospitals have increasingly adopted onsite oxygen generation solutions, bulk liquid oxygen systems, and advanced monitoring technologies to ensure uninterrupted supply. The healthcare sector’s commitment to enhancing patient outcomes and operational efficiency continues to fuel innovation and investment in oxygen storage, distribution, and delivery mechanisms. This evolving dynamic positions hospitals and clinics as pivotal drivers of growth in India’s medical oxygen market, emphasizing their central role in shaping future industry trends.
Some of the major companies
operating in the India Medical Oxygen Market include:
- Philips India Limited
- Wipro GE Healthcare Pvt. Ltd.
- Siemens Healthcare Private Limited
- Nidek Medical India
- India Medtronic Pvt Ltd
- Hitachi India Pvt. Ltd.
- Accuray Medical Equipment India Pvt. Ltd
- DeVilbiss Healthcare pvt Ltd.
- Trivitron Healthcare Pvt. Ltd
- Sanrad Medical Systems Private Limited
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“The India Medical Oxygen Market is poised for sustained growth, driven by advancements in healthcare infrastructure, rising demand for home-based care, and increasing investments in oxygen production and supply chain optimization. While challenges such as regional disparities and logistical bottlenecks persist, the collective efforts of industry stakeholders, policymakers, and healthcare providers are transforming the landscape. With a strong focus on innovation, accessibility, and preparedness, the market is set to play a critical role in supporting India’s evolving healthcare needs and ensuring better patient outcomes across diverse settings", said Mr. Karan Chechi, Research Director of 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, 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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