|
Forecast
Period
|
2025-2029
|
|
Market
Size (2023)
|
USD 95.70
million
|
|
CAGR
(2024-2029)
|
3.86%
|
|
Fastest
Growing Segment
|
Portable
|
|
Largest
Market
|
West
India
|
|
Market
Size (2029)
|
USD 118.74 million
|
Market Overview
India Oxygen Cylinders Market was valued at USD 95.70
million in 2023 and is anticipated to project robust growth in the forecast
period with a CAGR of 3.86% through 2029. India's response to the recent surge
in oxygen demand has been multi-sectoral and comprehensive. With the aim of
meeting the growing need for oxygen, the country has taken steps to address the
issue from various angles. The estimated split of the liquid oxygen system
(LOX) and gas cylinders system (GOX) stands at 70% and 30% respectively,
highlighting the emphasis on both forms of oxygen supply. Despite having an
impressive oxygen capacity of 20,000 tonnes per day, a significant portion of
it, around 90%, remains untapped and idle. This untapped potential indicates a
promising market for oxygen cylinders, which can be further explored to meet
the rising demand.
The demand for liquid oxygen extends
beyond the medical sector. The aerospace industry, with its reliance on oxygen
for aircraft propulsion systems, has also contributed to the growing need for
liquid oxygen in India. This added dimension has fueled the growth of the
liquid oxygen market, creating additional opportunities for suppliers and
manufacturers.
Recognizing the urgent need for oxygen, the
government has played a crucial role in scaling up production to address oxygen
shortages effectively. Production capacity has been significantly increased
from 9960 metric tons to 18,836 metric tons, demonstrating the government's
commitment to ensuring a sufficient and uninterrupted supply of oxygen to those
in need.
Amidst these efforts, a concerning black
market for oxygen has emerged in India. Medical-grade oxygen cylinders are
being sold at exorbitant prices, taking advantage of the high demand and
scarcity. This situation underscores the need for more stringent regulations and
increased transparency in the oxygen cylinders market. By implementing measures
to prevent such black market activities, the government can ensure that oxygen
reaches those who need it the most, at fair and affordable prices.
Key Market Drivers
Growing Prevalence of Respiratory Disorders
India carries a disproportionately high burden of
respiratory diseases, including asthma, chronic obstructive pulmonary disease
(COPD), and lung cancer. These conditions have a significant impact on the
population, with COPD and asthma ranking among the top causes of morbidity and
mortality in the country according to the Global Burden of Disease Study. It is
estimated that more than 37 million people in India suffer from asthma, while
approximately 56 million are affected by COPD.
Oxygen therapy plays a critical role in the
management and treatment of various respiratory conditions. By ensuring
adequate oxygen levels in the blood, it helps alleviate symptoms and
significantly improves the quality of life for patients in the demand the
demand for oxygen therapy. demand for oxygen therapy and related equipment
Given the rising prevalence of, such as oxygen cylinders.
The respiratory disorders in India, there has been
a notable increase in the demand for oxygen therapy and related equipment, such
as oxygen cylinders.
The ongoing COVID-19 pandemic has further
highlighted the crucial role of oxygen therapy. Many patients with severe
COVID-19 require supplemental oxygen to manage their symptoms and improve their
chances of recovery. This unprecedented surge in demand for medical oxygen has
put immense pressure on India's healthcare system and has exposed
vulnerabilities and gaps in the oxygen supply chain.
The need for a comprehensive approach to address
respiratory diseases and ensure access to oxygen therapy has become even more
apparent. It is essential to strengthen healthcare infrastructure, enhance the
availability of medical oxygen, and develop sustainable solutions to meet the
growing demand. By focusing on these aspects, we can better support individuals
with respiratory conditions and ensure the provision of life-saving oxygen
therapy, even in times of crisis.
Development in Healthcare Infrastructure
The Indian government has been making substantial
and dedicated efforts to improve the country's healthcare infrastructure.
Recognizing the need to address regional disparities in the accessibility of
affordable and reliable tertiary healthcare services, the Pradhan Mantri
Swasthya Suraksha Yojana (PMSSY) scheme has been introduced. This visionary
initiative aims not only to bridge the gaps but also to enhance the facilities
for quality medical education across the nation.
As part of this scheme, the government is setting
up new AIIMS (All India Institutes of Medical Sciences) and upgrading existing
government medical colleges. These strategic measures inherently lead to an
increased demand for medical oxygen cylinders, ensuring that adequate
healthcare resources are available to the growing population.
The COVID-19 pandemic has shed light on the
critical significance of having a robust and resilient healthcare
infrastructure. The unprecedented surge in the demand for medical oxygen during
the peak periods of the pandemic revealed vulnerabilities in the oxygen supply
chain, compelling the government to take swift action to bolster oxygen supply
management.
In response to this urgent need, the government has
scaled up the production of medical oxygen and initiated the establishment of
Pressure Swing Adsorption (PSA) oxygen plants throughout the country. These
state-of-the-art plants, once fully operational, will significantly enhance the
availability of oxygen cylinders, further catalyzing the growth of the market
and ensuring that sufficient oxygen resources are accessible to those in need.
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Key Market Challenges
Disruptions in Supply Chain
Supply chains play a crucial and intricate role in
ensuring the availability and accessibility of life-saving oxygen cylinders.
From the production of oxygen to its storage, transportation, and delivery to
end-users, a series of interconnected activities form the backbone of these
supply chains. However, any disruption in these processes can have far-reaching
consequences, leading to shortages and impacting the ability to effectively
meet the overwhelming demand.
The COVID-19 pandemic has brought the issue of
supply chain disruptions to the forefront, exposing the vulnerabilities within
these critical systems. During the peak of the pandemic, India experienced an
unprecedented surge in the demand for medical oxygen. Unfortunately, the
country struggled to meet this overwhelming demand due to a multitude of supply
chain challenges.
One of the key challenges was the geographical
mismatch between the production and consumption of medical oxygen. The majority
of oxygen production facilities are concentrated in Eastern India, while the
highest demand originated from densely populated cities in Western and Northern
India. This spatial disparity created immense difficulties in transporting
oxygen cylinders to the areas where they were most needed, exacerbating the
crisis.
Key Market Trends
Technological Advancements in Cylinder Design
Traditionally, oxygen cylinders were large, heavy,
and challenging to transport. However, over the years, significant
technological advancements have revolutionized the design of these cylinders,
resulting in more portable and user-friendly options. These innovations have
not only enhanced the functionality of oxygen cylinders but also prioritized
safety, efficiency, and convenience.
One of the most notable advancements in cylinder
design is the development of lightweight and portable cylinders. Utilizing materials
like aluminum and carbon fiber, these cylinders have significantly reduced
weight compared to their traditional steel counterparts. This reduction in
weight makes them incredibly easy to handle and transport, benefiting both
medical professionals and patients. The portability of these cylinders is
particularly advantageous for individuals requiring oxygen therapy, as it
allows them to maintain their mobility and independence without compromising on
the quality of care they receive.
In addition to improved portability, the industry
has witnessed the emergence of smart oxygen cylinders. Equipped with digital
interfaces, these cutting-edge cylinders enable users to monitor the remaining
amount of oxygen and adjust the flow rate as needed. Some advanced models even
offer remote monitoring capabilities, empowering healthcare providers to track
patients' oxygen usage and provide timely interventions when necessary. This
integration of technology enhances patient safety, optimizes oxygen delivery,
and streamlines medical care.
Recognizing the importance of safety, manufacturers
have also made significant advancements in the design of oxygen cylinders.
Innovations such as pressure regulators and integrated valve systems have made
cylinders safer to use, minimizing the risk of accidents and ensuring optimal
oxygen flow. Moreover, some cylinders are now equipped with protective casings
that act as an additional layer of defense, safeguarding the cylinder and
reducing the potential for damage.
These remarkable developments in oxygen
cylinder technology have revolutionized the industry, providing enhanced
functionality, safety, and convenience. As the demand for portable and
user-friendly solutions continues to grow, it is evident that these
advancements will play a pivotal role in improving the quality of care and the
overall well-being of individuals relying on oxygen therapy.
Segmental Insights
Type Insights
Based on the category of type, the portable segment
emerged as the dominant player in the Indian market for oxygen cylinders in 2023.
The primary reason behind the dominance of the portable oxygen cylinder segment
is the increased mobility and convenience it offers. Unlike traditional oxygen
cylinders, which are typically large and cumbersome, portable oxygen cylinders
are specifically designed to be lightweight and compact. This allows patients
to easily carry them wherever they go, whether it's for a short walk in the
park or a long-distance trip.
Technological advancements have played a significant
role in the rise of portable oxygen cylinders. Innovations in cylinder design
have led to the development of smaller, lighter, and more efficient cylinders,
making them even more practical for everyday use. Additionally, some portable
oxygen cylinders now come equipped with digital interfaces, enabling users to
monitor their oxygen levels and adjust flow rates as needed. This added feature
provides users with more control and peace of mind, ensuring they receive the
optimal amount of oxygen for their specific needs.
Sales Channel Insights
The online segment is projected to experience rapid
growth during the forecast period. The online market revolution has truly
transformed the accessibility of oxygen cylinders for consumers across India.
With just a few clicks, customers from any corner of the country can now easily
order oxygen cylinders, bridging the gap in medical supplies, especially in
remote areas where scarcity is a common challenge.
Online platforms provide a plethora of
options that surpass the limitations of physical stores. Customers can explore
and compare different brands, models, and prices, empowering them to make
informed decisions tailored to their specific needs and budget.
One of the driving factors behind the rapid growth
of online shopping is the unparalleled convenience it offers. Customers can
browse, select, and purchase products at any time and from anywhere,
eliminating the need for time-consuming visits to physical stores. The
convenience factor has undoubtedly played a significant role in the increasing
popularity of online shopping, making it a preferred choice for many.
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Regional Insights
West India emerged as the dominant player in the India
Oxygen Cylinders Market in 2023, holding the largest market share in terms of both
value and volume. West India boasts a significant industrial presence, with
numerous manufacturing units strategically located across the region. These
industries, which play a pivotal role in various sectors, including oxygen
production, have been instrumental in meeting the increased demand for oxygen
cylinders in the area. During the COVID-19 crisis, the Indian government took
proactive measures by redirecting all industrially produced oxygen for medical
purposes, ensuring an ample supply of oxygen cylinders for patients in need.
Apart from the robust industrial sector, the region
is also known for its advanced healthcare infrastructure. States like
Maharashtra and Gujarat are home to a multitude of hospitals, clinics, and
healthcare facilities, providing comprehensive medical services to the local
population. The presence of these healthcare institutions has further fueled
the demand for oxygen cylinders, as they strive to cater to the healthcare needs
of the community. Furthermore, the region is equipped with several oxygen
filling stations strategically placed to facilitate a continuous and reliable
supply of oxygen cylinders, ensuring that medical facilities have the necessary
resources to provide optimal care.
Recent Developments
In February 2024, the National Institute of Technology
(NIT) Hamirpur achieved a significant milestone in healthcare logistics by
obtaining a patent for its innovative Oxygen Cylinder Trolley. Tailored for
medical emergency transport, this groundbreaking solution is set to transform
the movement of essential supplies, notably medical oxygen cylinders, within
hospital facilities and COVID centers.
Key Market Players
- Rama
Cylinders Private Limited
- Sahuwala
Cylinders Private Limited
- Al-Can
Exports Private Limited
- Sanrai
Medical Private Limited
- Linde
India Private Limited
- Vedanta
Ltd.
- Euro
India Cylinders Limited (EICL)
- Lizer
Cylinders Limited
- Everest
Kanto Cylinder
- BGL
Cylinders
|
By Type
|
By Sales Channel
|
By Material
Type
|
By Source
|
By Region
|
|
|
- Wholesalers/Distributors/Suppliers
- Online
- Direct Sales
|
- Stainless
Steel
- Aluminium
- Others
|
|
- North India
- East India
- West India
- South India
|
Report Scope:
In this report, the India Oxygen Cylinders Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- India Oxygen Cylinders Market, By Type:
o Portable
o Installed
- India Oxygen Cylinders Market, By Sales Channel:
o Wholesalers/Distributors/Suppliers
o Online
o Direct Sales
- India Oxygen Cylinders Market, By Material Type:
o Stainless Steel
o Aluminium
o Others
- India Oxygen Cylinders Market, By Source:
o Import
o Domestic
- India Oxygen Cylinders Market, By Region:
o North India
o East India
o West India
o South India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the India
Oxygen Cylinders Market.
Available Customizations:
India Oxygen Cylinders Market report with the given
market data, Tech Sci Research offers customizations according to a company's
specific needs. The following customization options are available for the
report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
India Oxygen Cylinders Market is an upcoming report
to be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]