Global Medical Oxygen Systems Market Expected To Reach $ 3.17 Billion By 2021 With A CAGR Of 7.9%

Date: 2017-08-24

Medical oxygen systems are prescribed to the patients as a part of oxygen therapy to the patient population suffering from chronic or acute respiratory malfunctions and disorders. Oxygen therapy is also given to children to curb the diseases including cystic fibrosis, congenital heart diseases and severe asthma. The medical oxygen systems provides life support especially to the aging population suffering from respiratory disorders. The other benefits provided by the medical oxygen systems include reduction in fatigue, improving sleeping patterns in sleep apnea cases and easing tightness of breathe. The emergency supply system, redundant tank system and portable systems are the commonly used systems in the healthcare facilities to ensure continuous oxygen supply.

The global Medical Oxygen Systems market was estimated at USD$ 2.17 Billion in 2016, and is anticipated to reach USD$ 3.17 Billion by 2021, expanding at a CAGR of 7.9% between 2017 and 2021. Demand for medical oxygen systems is expected to witness continued consolidation across global healthcare industry. The pronounced need for providing oxygen to patients undergoing medical operations compels healthcare device manufacturers from around the world towards delivering faultless medical oxygen systems.

Medical oxygen is used widely in modern hospital, clinic, household and remote filed to provide a basis for virtually all modern anaesthetic techniques, COPD, cyanosis, shock, severe hemorrhage, carbon monoxide poisoning, major trauma, cardiac/respiratory arrest etc.

Method of medically-delivering oxygen also plays an instrumental role in determining the projections for global medical oxygen systems market. Fortunately, manufacturers of medical oxygen systems can continue extending their product portfolio uniformly for both, standalone and portable medical oxygen systems. While the demand for portable medical oxygen systems is projected to incur a slight dip, both modalities will be splitting the global market revenues equally through 2021.

The innovative portable and ultra-light oxygen concentrator separates nitrogen and oxygen from the environmental air providing 95% pure oxygen to patients. Portable oxygen concentrators are largely used by travelers and mountaineers in regions of inadequate oxygen supply, thereby fueling growth of the medical oxygen systems market. With the proliferation of large size and standalone devices there is likely to be a fall in the demand for compressed oxygen cylinders over the forecast period as compared to oxygen concentrators and liquid oxygen systems.
 
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Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com
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