United States Medical Oxygen Market to be Dominated by the Liquid Oxygen Segment by 2028
Rising demands for point-of care
treatments is expected to drive United States medical oxygen market in the
forecast period, 2024-2028.
According to TechSci Research
report, “United States Medical Oxygen Market–Industry Size, Share,
Trends, Opportunity and Forecast, 2028F”, the United States medical
oxygen market is anticipated to grow at a steady rate in the forecast period,
2024-2028. This can be attributed to the increased demand for
medical oxygen in treatments for critically ill patients, such as invasive
ventilation and low- and high-flow oxygen therapy.
Population of the United States
has been steadily increasing over the years. With growing population arrives an
increased number of people requiring medical treatments and surgeries.
Conditions such as chronic obstructive pulmonary disease (COPD), pneumonia, and
respiratory distress syndrome often necessitate the use of medical oxygen to
aid in the respiratory process and improve patient outcomes and this propels
the medical oxygen market expected to bolster market growth in the forecast
period.
Advancements in medical
technology have expanded the scope of treatments and surgeries available to
patients in the country. In the Unites states the growing healthcare
infrastructure and increasing medical expenditures is increasing and therefore
the professionals now have access to a wider range of procedures, including
complex surgeries and intensive care treatments. Many of these procedures
require the use of medical oxygen to support patients' breathing during and
after the intervention. As medical technology continues to progress, the demand
for medical oxygen is likely to increase further.
Moreover, the United States has
an aging population, with a significant number of older adults requiring
medical interventions. As people age, they become more susceptible to various
health conditions, including respiratory diseases and cardiovascular problems.
Medical oxygen is frequently used in the management of these conditions,
providing vital respiratory support, and improving overall patient well-being.
The aging population contributes to the growing need for medical oxygen in the
country.
In response to the growing need
for medical oxygen, healthcare organizations and policymakers should focus on
proactive planning and resource allocation. This includes investing in the
necessary infrastructure, such as oxygen generation and storage facilities, as
well as maintaining a robust supply chain. Additionally, promoting public awareness
about responsible oxygen use and avoiding unnecessary waste can help optimize
the availability of medical oxygen for those who genuinely need it.
There is an increased demand for
medical oxygen cylinders observed in the country at home care settings for the
people suffering respiratory issues and oxygen shortage. Most of the oxygen
demand is observed during patients suffering serious illness such as Chronic
Observatory Pulmonary Disease (COPD) and often in conditions like Pneumonia.
Also, growing older population is highly responsible for expanding the market
demand for medica oxygen as they undergo breathing and respiratory illness
during their treatments and surgeries frequently. The shift towards at-home
care services has been driven by several factors, including advancements in
technology, the desire for patient-centered care, and cost-effectiveness.
Patients with respiratory disorders benefit from continuous monitoring,
personalized treatment plans, and convenient access to medical professionals without
the need for frequent hospital visits.
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Based on the delivery mode, the
market is segmented into tanks/pipelines, cylinder, and others. Cylinders segment
dominated the market in 2022 and is expected to rise in the forecast period
This can be attributed to major factors such as, cylinders are widely utilized
for supplemental or emergency supplies in hospitals that primarily rely on
liquid deliveries. Despite the high costs connected with them, including their
consumables, maintenance, and electricity, concentrators are seen as a
relatively quick and simple method to meet the growing need for medical oxygen
in places with less developed infrastructure.
Based on the end user, the
market is divided among hospitals & clinics, ambulatory care centers,
homecare, skilled nursing facilities, assisted living facilities and others.
The homecare segment dominated the market in 2022 on account of increased demand
for medical oxygen in homecare facilities required to treat various health
conditions including the COVID-19 surge. The hospitals & clinics segment is
expected to hold the largest share in the forecast period. This is on account
of the rising number of patient hospitalizations and the increase in
development of hospitals & infrastructure in coming years.
Based on form, the market is
segmented into liquid oxygen, compressed oxygen, and oxygen gas mixture. The
liquid oxygen segment is expected to hold the largest share of the market in
the forecast period on account of the higher demand for liquid oxygen due to
its low cost, light weight, and high purity level.
Major companies operating in the
United States medical oxygen market are:
- Air Products and Chemicals, Inc
- Keen Compressed Gas Co.
- WestAir Gases & Equipment Inc.
- Haun Welding Supply, Inc.
- AGL Welding Supply Co., Inc.
- American Air Liquide Holdings, Inc.
- Linde US
- Matheson Tri-Gas, Inc.
- Messer Americas
- Ilmo Products Company
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“The increasing demand of
medical oxygen is highly observed in the country due to the rising cases of
respiratory illness such as COPD. Also, there is an increase in medical oxygen
demand post the COVID-19 scenario. Additionally, the growing investment in
healthcare infrastructure and medical expenditure has led to the increase in
demand for medical oxygen which is further expected to propel the growth of the
medical oxygen market in the forecast period.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“United States Medical Oxygen
Market,By Form (Liquid Oxygen, Compressed Oxygen, and Oxygen Gas
Mixture), By Delivery Mode (Tanks/Pipeline, Cylinder, and Others), By
Application (Diagnostic, Therapeutic), By End User (Hospitals & Clinics,
Ambulatory Care Centers, Homecare, Skilled Nursing Facilities, Assisted Living
Facilities, and Others), By Region, Competition, Forecast and Opportunities,
2028”, has evaluated the future growth potential of United
States medical oxygen market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge 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 United States
medical oxygen market.
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