According to the Persistence Market Research (PMR), the industrial gases market is likely to witness robust growth in the coming years, with the market is expected to reach US$ 114.5 billion by the end of 2025. Various types of industrial gases including atmospheric, elemental, and noble gases are being largely used across industries, owing to the adoption of new production technologies. However, compared to other gases, the demand for oxygen has increased across various industries owing to the strong oxidizing properties, thus improving yields and optimizing performance. Meanwhile, in recent years, demand for oxygen in healthcare industry has increased, due to the rise in chronic diseases leading to the shortage of oxygen.



Request for Report Sample@ https://www.persistencemarketresearch.com/samples/2986

Use of oxygen in medical treatment has increased to manage growing number of chronic and acute health conditions. The oxygen therapy is widely used in hospitals, pre-hospital, and home setting to manage long-term health condition. Increasing prevalence of Chronic Obstructive Pulmonary Disease (COPD) worldwide, causing breathing related problem and airflow blockage is driving demand for supplemental oxygen, as it has proved to prevent death in COPD patients. The World Health Organization (WHO) estimates COPD to emerge as the third leading cause of death worldwide by 2030.

Oxygen has also emerged as the commonly used drug particularly for patients at risk of type 2 respiratory failure. In recent years, several international organizations have advocated for prescribing oxygen therapy to reduce risk in patients suffering from respiratory failure. Owing to the rise in long-term health condition, the use of oxygen therapy in home setting has also increased.

According to the latest study by PMR, demand for oxygen is likely to witness significant growth in the coming years, with revenue expected to surpass US$ 64 billion by the end of 2025. Healthcare facilities are increasingly focusing on using medical air or oxygen delivered in bottles or bulk, as it is considered as one of the precious tools to control volume of oxygen or medical air invoiced, thereby, optimizing medical gas expenses.

New Technologies Leading to Portable and Lightweight Oxygen System for Medical Use

Leading players operating in the industrial gases market are increasingly focusing on providing oxygen to meet growing demand in healthcare industry. In response to the increasing trend of lightweight and portable medical devices and equipment, oxygen gas providing companies are moving towards developing a portable and lightweight oxygen systems. Small and lightweight oxygen cylinders are being developed with sufficient operating time to meet patients’ demand for a long time away from stationery systems.

In recent years, single source oxygen systems supporting both ambulatory and stationery needs are also being developed. Meanwhile, new alternatives including ceramic or electrochemical generation of oxygen may also allow development of the oxygen system that is light in weight, easy to carry while meeting the oxygen need of ambulatory patients even at home or while traveling.

Request for Report Table of Content (TOC) @ https://www.persistencemarketresearch.com/methodology/2986


Moreover, carbon composite cylinder technology offering significant clinical benefits to patients is also finding wide application in providing medical oxygen, especially for ambulatory patients. Portability and reduced weight are the key factors, making carbon composite cylinder technology an ideal choice for providing medical oxygen.

However, the increasing popularity of on-site medical oxygen generators, providing oxygen production on-premises is likely to emerge as the challenge for companies providing oxygen gas for healthcare industry. Using compressed air on-site to produce oxygen, the on-site oxygen generators are emerging as cost-effective, safe, and reliable option. Along with the healthcare industry, other industries are also focusing on on-site production of gases. This is driving industrial gas manufacturers developing air separation units close to the customer site in order to supply large volume of gases.