United States medical oxygen
market is expected to grow at an impressive rate during the forecast period,
2024-2028. This is on account of the growing usage of invasive ventilation
significantly raising the demand for medical oxygen, rising prevalence of respiratory
disorders, and growing demand for point-of care treatments.
Medical oxygen is a critical
resource in healthcare settings, as it is essential for the treatment of
patients with respiratory issues. It is used in various forms, such as
compressed oxygen cylinders, liquid oxygen systems, and oxygen concentrators.
Also, invasive ventilation, a critical medical intervention used to support
patients with severe respiratory conditions, has played a significant role in
increasing the demand for medical oxygen in the United States.
Growing Incidences of Invasive
Ventilation
The United States has witnessed
a significant increase in the number of patients requiring invasive ventilation
due to severe respiratory complications caused by COVID-19. This infectious
disease primarily affects the respiratory system, leading to acute respiratory
distress syndrome (ARDS) in some individuals. ARDS is a life-threatening
condition characterized by severe inflammation of the lungs, fluid buildup, and
oxygen deprivation. Invasive ventilation is often necessary to maintain
adequate oxygenation and support the patients' breathing during this critical
stage.
The unprecedented number of
COVID-19 patients requiring invasive ventilation has placed a tremendous strain
on the availability of medical oxygen in the United States. Also, due to the
nature of invasive ventilation, patients requiring this procedure often have
severe respiratory conditions that result in compromised lung function. These
individuals may experience respiratory distress, difficulty breathing, and low
blood oxygen levels. In such cases, the demand for medical oxygen is
significantly higher and this leads to an increase in demand for medical oxygen
and is therefore, expected to boost the market in the forecast period.
The use of invasive ventilation
has become particularly prevalent during the COVID-19 pandemic, leading to a
surge in the requirement for medical oxygen across the country. During
outbreaks of respiratory diseases, such as the COVID-19 pandemic, the demand
for invasive ventilation and consequently medical oxygen rises dramatically.
Improved Monitoring and
Management of Medical Oxygen
The high demand for medical
oxygen during the pandemic has led to a need for proactive management and
allocation of this vital resource. Health systems have implemented strategies
to optimize oxygen usage and ensure its availability for patients who require
invasive ventilation. These measures include closely monitoring oxygen levels
and adjusting ventilator settings to minimize wastage while maintaining patient
safety.
Also, to address the increased
demand, various steps have been taken to enhance the supply and distribution of
medical oxygen in the United States. Oxygen production capacity has been ramped
up, with manufacturers increasing their output to meet the rising needs. The
government has also taken measures to expedite the regulatory process for new
oxygen suppliers to enter the market and increase overall supply. Collaboration
between federal agencies, manufacturers, and healthcare providers has been
crucial in coordinating and optimizing the supply chain. Additionally,
coordination with state and local authorities has helped to identify areas
facing shortages and allocate resources accordingly.
Oxygen concentrators have proven
to be valuable in non-critical settings and for patients requiring supplemental
oxygen at home, freeing up medical-grade oxygen for more severe cases. Also,
education and awareness campaigns have been implemented to promote responsible
use of medical oxygen and prevent unnecessary wastage. The increased demand for
medical oxygen necessitates careful management and allocation of resources by
healthcare providers and authorities. It involves ensuring an adequate supply
of medical oxygen is available in hospitals and healthcare facilities,
monitoring oxygen usage, and implementing protocols to optimize its usage. Some
measures that can be taken include improving oxygen production capacity,
optimizing distribution channels, and exploring alternative oxygen sources.
Moreover, to address the growing demand for medical oxygen, manufacturers
across the country are continuously enhancing their global oxygen supply chains
and manufacturing capabilities within. This includes expanding oxygen
production facilities, ensuring the availability of necessary raw materials,
and establishing emergency response systems to address oxygen shortages during
crises and is therefore, expanding the market demand for medical oxygen in the
country.
Rising Cases of Respiratory
Disorders
Respiratory disorders encompass
a range of conditions that affect the respiratory system, including chronic
obstructive pulmonary disease (COPD), asthma, pneumonia, and various other
acute and chronic respiratory illnesses. According to the American Lung
Association, COPD affects around 12.5 million American. These
disorders can result in compromised lung function and decreased oxygenation,
necessitating the use of medical oxygen as a vital therapeutic intervention.
Lifestyle factors, such as smoking, air pollution, and exposure to occupational
hazards have contributed to the development and worsening of respiratory
conditions.
As the number of individuals
affected by respiratory disorders has grown, so has the need for medical
oxygen. Medical oxygen plays a crucial role in the treatment and management of
these conditions, particularly in cases where oxygen levels are compromised,
and supplemental oxygen is required to maintain adequate oxygenation of vital
organs. In acute worsening of respiratory disorders, such as severe asthma
attacks or COPD, patients may experience severe breathing difficulties and
reduced oxygen levels. In these instances, medical oxygen is administered to
alleviate respiratory distress and ensure adequate oxygen supply to the body.
The use of medical oxygen in these acute settings can be critical in
stabilizing patients and preventing further complications. Also, chronic
respiratory conditions, such as advanced COPD or interstitial lung disease, may
require long-term oxygen therapy (LTOT). LTOT involves the continuous use of
medical oxygen to maintain appropriate oxygen levels in individuals who have
chronically low blood oxygen levels. Thus, the growing prevalence of these
conditions is creating a huge demand for the medical oxygen demand in the
United States medical oxygen market.
Growing Demand Point-of-Care
Diagnostics and At-Home Care Services
Advancements in healthcare have
allowed for more convenient and accessible testing and treatment options,
particularly for individuals with chronic respiratory conditions. Point-of-care
diagnostics refers to medical tests and devices that can be performed and
interpreted near the patient, eliminating the need for sending samples to a
laboratory for analysis. This approach has revolutionized healthcare by
providing rapid and accurate diagnostic results, allowing for timely
intervention and treatment decisions. In terms of respiratory disorders,
point-of-care diagnostics play a crucial role in the early detection,
monitoring, and management of conditions, such as asthma, COPD, and sleep
apnea. With the increasing availability and utilization of point-of-care
diagnostics for respiratory disorders, more individuals are being diagnosed and
monitored for their conditions. This leads to better disease management and
improved outcomes.
At-home care services have also
contributed to the growing demand for medical oxygen. These services aim to
provide comprehensive healthcare and support in the comfort of patients' own
homes. Additionally, an aging population with a higher susceptibility to
respiratory ailments has increased the overall burden of these disorders. According
to Centre for Disease control, in 2021, the aged population for 65 and above
age people has reached around 16.8 and is projected to rise to an estimated
85.7 million by 2050 i.e., approximately 22% of the overall U.S. population. However,
this transition has led to an increased demand for medical oxygen, as more
individuals require oxygen therapy in their home environment.
Many individuals with chronic
respiratory conditions, who would have traditionally been hospitalized or
visited clinics for their care, can now receive necessary treatments and
therapies at home. This includes the administration of medical oxygen to manage
oxygenation levels and alleviate respiratory symptoms and therefore is creating
a huge demand for U.S. medical oxygen in the forecast period.
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Recent Development
- In June 2022, USAID (U.S. Agency for
International Development (USAID) announced that more than 50 facilities
around the world will have access to medical oxygen to meet urgent oxygen
needs. The United States of America is the largest contributor to the
global fund, providing over USD 600 million to support access to medical
oxygen for patients in 80+ lower middle-income countries. Since the start
of the COVID-19 pandemic, USAID has contributed approximately USD 112
million in direct funds counting for oxygen support to more than 50
nations.
Market Segmentation
United States medical oxygen
market is segmented based on the form, delivery mode, application, end users,
and region. Based on form, the market is segmented into liquid oxygen,
compressed oxygen, and oxygen gas mixture. Based on delivery mode, the market
is segmented into tanks/pipeline, cylinder, and others. Based on application,
the market is segmented into diagnostic, and therapeutic. Based on end users,
the market is segmented into hospitals & clinics, ambulatory care centers,
homecare, skilled nursing facilities, assisted living facilities, and others.
Based on the region, the market is further segmented into North-East, Mid-west,
West, and South region.
Market Players
Air Products and Chemicals, Inc,
Keen Compressed Gas Co., WestAir Gases & Equipment Inc., Huan Welding
Supply, Inc., AGL Welding Supply Co., Inc, American Air Liquide Holdings, Inc.,
Linde US, Matheson Tri-Gas, Inc., Messer Americas, and Ilmo Products Company
are some of the leading companies operating in the market.
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Attribute
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Details
|
|
Base Year
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2022
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|
Historic Data
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2018 –
2022
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|
Estimated Year
|
2022
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Forecast Period
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2023
– 2028
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Quantitative Units
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Revenue in USD Million, Volume Units and CAGR for 2018-2022
and 2023-2028
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Report coverage
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Revenue
forecast, Volume forecast company share, competitive landscape, growth
factors, and trends
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|
Segments covered
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Form
Delivery Mode
Application
End User
|
|
Regional scope
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North-East,
Mid-west, West, South
|
|
Key companies profiled
|
Air Products and Chemicals, Inc, Keen Compressed Gas Co., WestAir
Gases & Equipment Inc., Huan 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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|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request)
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Report Scope:
In this report, United States
medical oxygen market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in United States medical oxygen market.
Available Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
·
United States Medical Oxygen Market,By Form
o Liquid
Oxygen
o Compressed
Oxygen
o Oxygen
Gas Mixture
·
United States Medical Oxygen Market,By
Delivery Mode
o Tanks/Pipeline
o Cylinder
o Others
·
United States Medical Oxygen Market,By
Application
o Diagnostic
o Therapeutic
·
United States Medical Oxygen Market,By End
Users
o Hospitals
& Clinics
o Ambulatory
Care Centers
o Homecare
o Skilled
Nursing Facilities
o Assisted
Living Facilities
o Others
·
United States Medical Oxygen Market, By
Region:
o
North-East
o
Mid-west
o
West
o
South
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
United States Medical Oxygen
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]