Medical Oxygen System Market, by Product Types (Compressed Oxygen Cylinder, Oxygen Concentrator, and Liquid Oxygen System), by Modality (Portable Oxygen System and  Stationary/Standalone Oxygen System), by End User (Hospitals, Emergency Medical Centers, Ambulatory Surgical Center, Homecare Settings, and Others), and by region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Opportunity Analysis, and Industry Forecast till 2026

  • Published On : Jul 2019 |
  • Pages : 186 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Medical Oxygen System Market Insights

Medical oxygen systems such as oxygen concentrators and compressed oxygen cylinder are majorly used in homecare settings, and are mostly preferred by elderly patients who have difficulty in mobility, and depend on a reliable oxygen supply. Some common chronic medical conditions such as chronic obstructive pulmonary disease (COPD), chronic bronchitis, emphysema, a common long-term effect of smoking requires oxygen therapy or supplemental oxygen in order to get the enough oxygen. Various type of oxygen systems are used to delivered the controlled amount of oxygen to the patients.

The homecare settings segment in the global medical oxygen system market is expected to witness significant market value, owing to rising prevalence of chronic obstructive pulmonary diseases (COPD) among the geriatric population. For instance, according to World Health Organization (WHO), in 2016, 251 million people around the world developed COPD.

The global medical oxygen system market is estimated to be at US$ 2,459.8 million in 2018, and is expected to witness a CAGR of 7.4% during the forecast period (2018–2026).

Figure 1. Global Medical Oxygen System Market value Analysis (US$ Mn), By Product Type

Medical Oxygen Systems  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Increasing product launches for medical oxygen system for homecare settings and hospitals is expected to drive growth of the global medical oxygen system market

Most of the hospitals and healthcare organizations install centralized oxygen systems in hospitals, in order to ensure the large amount of supply to the patients. Homecare setting segment is also contributing majorly to growth of the market, owing to launch of portable oxygen systems in the market. For instance, in January 2016, GCE Healthcare launched Zen-O portable oxygen concentrator (POC). It is lightweight oxygen therapy device that weighs 4.66kg (10lbs) and easy to carry around. Moreover, in October 2017, Invacare Corporation launched the Invacare Platinum Mobile Oxygen Concentrator with new connectivity. The Platinum Mobile Oxygen Concentrator was combined with the Piccolo O? App to improve convenience during routine use.

Moreover, increasing approvals from the regulatory authorities for oxygen therapies is expected to increase the demand for medical oxygen systems, which may provide major opportunity for the market growth. For instance, in April 2019, TherOx received the U.S. FDA approval for its supersaturated oxygen therapy. The new approach is intended for the treatment of damaged heart tissue with hyperbaric levels of oxygen during a single catheter-delivered infusion, consistently and safely reducing infarct size.

Global Medical Oxygen System Market- Regional Analysis

Regional segmentation of the global medical oxygen systems market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America is expected to witness lucrative growth in the global medical oxygen system market, owing to presence of leading manufactures for medical oxygen systems and increasing product launches these players in this region. Leading manufacturers such as Imogen, Invacare Corporation, CAIRE, Inc., and O2 Concepts, LLC, that offer innovative oxygen concentrators, have high presence in the U.S. market. Furthermore, key players in the market are focusing on launching new products. For instance, in April 2019, Imogen, Inc. INGN launched its Imogen One G5 in the U.S. market

Moreover, oxygen system providers are engaged in expansion of their oxygen filling plants in Asia Pacific region, which is contributing to Asia Pacific medical oxygen system market growth. For instance, in February 2019, Kitajima Sanso, a distributor of medical gas, built medical oxygen filling plant in Myanmar. The new plant is equipped with two cryogenic gas storage tanks of 20 and 10 tons.

Europe is expected to show significant market share, owing to rising initiatives by key players in development of medical oxygen systems for various purposes. Increasing initiatives by regional key players and emergency medical service providers is expected to aid in growth of Europe medical oxygen system market. For instance, in June 2017, Medical Gas Solutions (MGS) was awarded with a contract to supply vital medical gases, including oxygen (O2) and analgesic gases to over one thousand emergency vehicles included in the North West Ambulance Service (NWAS) NHS Trust, across the North West of the U.K.

Figure 2: Global Medical Oxygen System Market Value (US$ Mn), By Region

Medical Oxygen Systems  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Global Medical Oxygen System Market - Competitive Landscape

Key players operating in the global medical oxygen system market include Koninklijke Philips N.V, Inogen, Inc., BOC Healthcare, Precision Medical, Inc., Luxfer Group, Cryofab, Inc., Responsive Respiratory, Inc., Atlas Copco, GCE group, and High Vacuum Maintenance (HVM) S.R.L.

Medical oxygen is required in various surgical recovery processes such as prevention of oxygen deficiency in body during surgery, major traumatic medical conditions such as accidents, heart attack, blood loss, hyperpyrexia, severe lung conditions as well as for treatment of cluster headache, and for resuscitation. Furthermore, medical oxygen is administered to the patients while giving anesthesia. Medical oxygen is only prescribed by healthcare professionals.

Medical oxygen is delivered to the patients by using various oxygen delivery systems such as compressed cylinders, concentrators, and centralized oxygen cylinders, mainly for hospital use. Advancements in technology in oxygen systems is expected to create an opportunity for manufacturers to produce Hi-tech products with multiple functionality. For instance, Inogen, Invacare Corporation offers the portable oxygen concentrator with connectivity to operate medical oxygen system wireless.

Market Dynamics

Increasing product launches for medical oxygen systems is expected to drive growth of the global medical oxygen systems market. For instance, In January 2018, ResMed Inc. launched Mobi, its first ResMed-branded portable oxygen concentrator (POC). Mobi offers efficient oxygen delivery and battery life and is used in Chronic Obstructive Pulmonary Disease (COPD) and other respiratory conditions. Moreover, in 2017, GCE Healthcare launched its Zen-O lite portable oxygen concentrator. This new portable oxygen concentrator is designed to help people with respiratory disorders such as COPD.

Moreover, increasing prevalence of pulmonary disorders, which may result in high demand for medical oxygen systems is expected to be the major driver for growth of the global medical oxygen systems market. For instance, according to the World Health Organization’s estimation report, in December 2017, around 251 million cases of COPD were diagnosed worldwide in 2016.

Key features of the study:

  • This report provides in-depth analysis of the global medical oxygen systems market, market size (US$ Mn), and compound annual growth rate (CAGR %) over the forecast period (2018–2026), considering 2017, as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new technology launches or approval, market trends, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global medical oxygen systems market based on the following parameters – company overview, financial performance, Technology portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study include Koninklijke Philips N.V,  Inogen, Inc., BOC Healthcare, Precision Medical, Inc., Luxfer Group, Cryofab, Inc., Responsive Respiratory, Inc., Atlas Copco, GCE group, and High Vacuum Maintenance (HVM) S.R.L.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future technology launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
  • The global medical oxygen systems market report caters to various stakeholders in this market, including investors, technology manufacturers, distributors, and suppliers for global medical oxygen systems market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • Global Medical Oxygen Systems Market, By Product Type:
    • Compressed Oxygen Cylinder
    • Oxygen Concentrator
    • Liquid Oxygen System
  • Global Medical Oxygen Systems Market, By Modality:
    • Portable Oxygen System
    • Stationary/Standalone Oxygen System
  • Global Medical Oxygen Systems Market, By End User:
    • Hospitals
    • Emergency Medical Centers
    • Ambulatory Surgical Center
    • Home Care Settings
    • Others
  • Global Medical Oxygen Systems Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Product Type:
        • Compressed Oxygen Cylinder
        • Oxygen Concentrator
        • Liquid Oxygen System
      • By Modality:
        • Portable Oxygen System
        • Stationary/Standalone Oxygen System
      • By End User:
        • Hospitals
        • Emergency Medical Centers
        • Ambulatory Surgical Center
        • Home Care Settings
        • Others
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Product Type:
        • Compressed Oxygen Cylinder
        • Oxygen Concentrator
        • Liquid Oxygen System
      • By Modality:
        • Portable Oxygen System
        • Stationary/Standalone Oxygen System
      • By End User:
        • Hospitals
        • Emergency Medical Centers
        • Ambulatory Surgical Center
        • Home Care Settings
        • Others
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Product Type:
        • Compressed Oxygen Cylinder
        • Oxygen Concentrator
        • Liquid Oxygen System
      • By Modality:
        • Portable Oxygen System
        • Stationary/Standalone Oxygen System
      • By End User:
        • Hospitals
        • Emergency Medical Centers
        • Ambulatory Surgical Center
        • Home Care Settings
        • Others
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Product Type:
        • Compressed Oxygen Cylinder
        • Oxygen Concentrator
        • Liquid Oxygen System
      • By Modality:
        • Portable Oxygen System
        • Stationary/Standalone Oxygen System
      • By End User:
        • Hospitals
        • Emergency Medical Centers
        • Ambulatory Surgical Center
        • Home Care Settings
        • Others
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Product Type:
        • Compressed Oxygen Cylinder
        • Oxygen Concentrator
        • Liquid Oxygen System
      • By Modality:
        • Portable Oxygen System
        • Stationary/Standalone Oxygen System
      • By End User:
        • Hospitals
        • Emergency Medical Centers
        • Ambulatory Surgical Center
        • Home Care Settings
        • Others
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
      • By Product Type:
        • Compressed Oxygen Cylinder
        • Oxygen Concentrator
        • Liquid Oxygen System
      • By Modality:
        • Portable Oxygen System
        • Stationary/Standalone Oxygen System
      • By End User:
        • Hospitals
        • Emergency Medical Centers
        • Ambulatory Surgical Center
        • Home Care Settings
        • Otherss
  • Company Profiles
    • Koninklijke Philips N.V.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Inogen, Inc.
    • Invacare Corporation.
    • BOC Healthcare
    • Precision Medical, Inc.
    • Luxfer Group.
    • Cryofab, Inc.
    • Responsive Respiratory, Inc.
    • Atlas Copco
    • GCE group.
    • High Vacuum Maintenance (HVM) S.R.L.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Modality
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Technology Advancements
    • Historical Overview
    • Mergers and Acquisitions
    • Regulatory Scenario
    • PORTER’S Five Forces
    • PEST Analysis
  4. Global Medical Oxygen System Market, By Product Type, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Compressed Oxygen Cylinder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Oxygen Concentrator
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Liquid Oxygen System
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  5. Global Medical Oxygen System Market, By Modality, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Portable Oxygen System
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Stationary/Standalone Oxygen System
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global Medical Oxygen System Market, By End User, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Emergency Medical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Home Care Settings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  7. Global Medical Oxygen System Market, By Region, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2017 – 2026
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Modality, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Modality, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Modality, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Modality, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Modality, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country/Region, 2016 – 2026, (US$ Million)
        • North Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Modality, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Koninklijke Philips N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Inogen, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Invacare Corporation.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • BOC Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Precision Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Luxfer Group.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Cryofab, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Responsive Respiratory, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Atlas Copco
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • GCE group.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • High Vacuum Maintenance (HVM) S.R.L.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 35 market data tables and 29 figures on "Medical Oxygen System Market” - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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